Saturday, May 18, 2024

Deal boom

Apartment deals, mergers and acquisitions

Sundance West Apartments

Marcus & Millichap closes Nevada multifamily asset sale

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Sundance West Apartments, a 350-unit multifamily property in Reno, Nevada. “The Reno-Sparks...
Elia Brookings Apartments

MassHousing closes on $1.8 million in affordable and workforce housing financing for the development...

MassHousing has closed on $1.8 million in affordable and workforce housing financing to the non-profit Home City Development, Inc., to transform the former Elias Brookings School in Springfield into 42 new apartments for households...
The Horizon at Roslyn

Marcus & Millichap arranges the sale of The Horizon at Roslyn in Long Island...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Horizon at Roslyn, a 50-unit, 55-plus age-restricted luxury apartment building in Roslyn, New...
Post Street Apartments

A 24-unit apartment building sells in the Riverside submarket of Jacksonville, Florida

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Post Street Apartments, a 24-unit apartment property located in Jacksonville, Florida,...
Foothill Villas Apartments

Standard Communities leads public-private partnership acquiring Foothill Villas, a 239-unit affordable community in San...

Standard Communities, the affordable housing division of Standard Companies, has led a public-private partnership that acquired Foothill Villas Apartments, a 100 percent affordable community comprising 239 units in 37 residential buildings on a 22-acre...
310 W 8th Street

Stepp Commercial completes $3.175 million sale of a 10-unit apartment property in Willmore City...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $3.175 million sale of a 10-unit apartment property located at 310 West 8th Street within the Willmore City Historic...
Crosswinds

Berkadia arranges sale and financing of Florida multifamily portfolio

Berkadia announces it has arranged the sale and financing for a three-property, 252-unit multifamily portfolio in the Florida Panhandle. Vantage Point Acquisitions acquired the three apartment communities including the 176-unit Crosswinds, 40-unit Crosslake Cove...
71-0296 35th St

Stos Partners expands its multifamily holdings with acquisition of San Diego community

Stos Partners, a privately held commercial real estate investment firm, recently acquired an 18-unit multifamily property in the North Park-Cherokee Point submarket of San Diego in an off-market transaction as part of a strategic...
3432-40 W. Franklin Boulevard

Kiser Group closes the $3.7 million sale of multifamily property in South Humboldt Park

Kiser Group has closed the $3.7 million sale of 3432-40 W. Franklin Boulevard. This 46-unit multifamily property is located on Chicago’s West Side in the South Humboldt Park neighborhood. Advisors Jack Petrando, Danny Logarakis and...
East Village Apartments

HP Ventures Group-Development Services LLC acquires East Village Apartments in Downers Grove for $7.1...

HP Ventures Group-Development Services LLC (“HP”) has acquired East Village Apartments in Downers Grove, Illinois for $7.1 million. Kiser Group’s Ron Plonis represented both the seller, Forth Group Real Estate, and buyer in the...
Oak Haven Apartments

Marcus & Millichap’s RPH Multifamily Group closes LIHTC multifamily asset in Immokalee Florida

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Oak Haven Apartments, a 160-unit, Section 42 LIHTC apartment property located...
Lakeview Apartments

Lakeview Apartments in Kalamazoo sold for $19.65 million

JLL Capital Markets announced that it has closed the $19.65 million sale of the Lakeview Apartments in Kalamazoo, Michigan. JLL worked on behalf of the seller, Property Resource Associates, to complete the sale to Bender...
Cross Creek at Grapevine Ranch

Suburban metroplex apartment asset sale facilitated by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Cross Creek at Grapevine Ranch, a 392-unit multifamily property 20 miles from Downtown Dallas and Downtown Fort Worth in Grapevine,...
Overlook at Stone Oak Park

Institutional Property Advisors closes San Antonio apartment asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Overlook at Stone Oak Park, a 360-unit apartment asset located in the Stone Oak master-planned community of San Antonio, Texas. “This...
Willows at North End

The RADCO Companies announces sale of two-community portfolio in Spartanburg, SC to GoldOller and...

The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, announced the sale of a two-community, 700-unit portfolio in Spartanburg, SC to GoldOller and National Property REIT Corp, a portfolio company...
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