Saturday, May 18, 2024

Deal boom

Apartment deals, mergers and acquisitions

Bedford Apartments

TOC zoned multifamily property in Pico Robertson neighborhood sells for $5.2 million

The Bedford Apartments, a multifamily land redevelopment property, located at 1442-1446 S. Bedford Street in Los Angeles, California, has been purchased by Trion Properties, Inc., a large real estate investment company, for $5,200,000. The...
Gateway Arvada Ridge

The Praedium Group acquires transit-oriented Gateway Arvada Ridge in Arvada, Colorado

The Praedium Group, a New York-based national real estate investment firm, announced the acquisition of Gateway Arvada Ridge in the Arvada submarket of the Denver MSA.  Lindsay Schuckman, Vice President of The Praedium Group,...
Hudson Place Apartments

RPH Multifamily Group of Marcus & Millichap arranges the sale of a 44-unit apartment...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Hudson Place Apartments, a 44-unit apartment property located in Clearwater, Florida,...
Montreux

Institutional Property Advisors brokers luxury multifamily asset sale for $117 million in Northeast Phoenix

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Montreux, a 335-unit luxury mid-rise apartment asset in the Desert Ridge master-planned community of Phoenix, Arizona. The property sold for...
100 Prospect Apartments

Niche multifamily asset sale brokered by Institutional Property Advisors in Stamford Connecticut

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of 100 Prospect Apartments, a 94-unit multifamily asset in Stamford, Connecticut. “100 Prospect is an exceptionally well-located niche apartment property just steps...
Elan River District

American Landmark Apartments acquires 325-unit Class A community in Dallas-Fort Worth

American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired Elan River District, a 325-unit multifamily community located in Fort Worth, Texas. The property will receive $744,000 in...
Henley Tampa Palms

Berkadia arranges $91.49 million loan for acquisition of two Tampa Bay apartment communities

Berkadia announces it has secured $91 million in financing for the acquisition of two multifamily properties in the Tampa Bay area: Henley Tampa Palms, a 315-unit apartment community in Tampa, and Enclave at Northwood,...
Eagle Pointe

Twin Cities multihousing community trades for $30.25 million

JLL Capital Markets announced that it has closed the $30.25 million sale of Eagle Pointe, a 216-unit, garden-style multihousing community in the Twin Cities suburb of West Saint Paul. JLL sold the property on behalf...
The Residences at Hamilton Lakes

JVM Realty Corp. acquires luxury multifamily community in DuPage County, Illinois

JVM Realty Corp., a leading vertically integrated multifamily real estate investment and property management firm, announced the acquisition of The Residences at Hamilton Lakes, a 297-unit luxury apartment community in the highly desirable northwest...
Ascent 1829 Apartments

ABI Multifamily brokers 180-unit Northeast Phoenix multifamily apartment community for $48 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $48,000,000 / $266,667 Per Unit / $421.20 Per SF sale of Ascent 1829 Apartments, a...
5124-32 S. Kimbark Ave

Interra Realty brokers pair of multifamily transactions totaling $10.2 million in Chicago’s Hyde Park,...

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of two multifamily properties on Chicago’s South Side: 5124-32 S. Kimbark Ave., a 44-unit condo deconversion in Hyde Park; and...
Wealhouse portfolio

$372.6 million in financing secured for Arizona and Texas multihousing properties

JLL Capital Markets announced that it has arranged refinancing in the aggregate amount of $372.6 million for a 10-property, 2,549-unit multihousing portfolio located across Arizona and Texas. JLL worked on behalf of the borrower, Wealhouse...
220 Roseville Avenue

Gebroe-Hammer’s Jarvis arranges multi-tranche $80+ million multifamily portfolio sale in Newark, New Jersey

In Newark’s North Ward, Gebroe-Hammer Associates Executive Vice President David Jarvis has finalized a multi-tranche $80+M multifamily portfolio sale totaling 484 units across the Gateway City. A 26-year Newark/North Jersey market specialist, Jarvis exclusively...
Alley24

The Jacobson Company sells 172-unit multifamily community in downtown Seattle for $90 million

The Jacobson Company, a leading private real estate investment and management company, has sold Alley24, a 172-unit multifamily property in Seattle, Washington for $90 million. The firm initially acquired the asset for $72 million...

Highly-anticipated mixed-use project in the Inland Empire is officially complete

The Metro, a highly-anticipated mixed-use development in the center of the Main Street Corridor right off Highway 91 in Corona, California, has begun its final phase of leasing apartments. As a joint development between...
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