Wednesday, May 15, 2024

Deal boom

Apartment deals, mergers and acquisitions

Sunnyview Villa Apartments

The Mogharebi Group brokers $11.25 million sale of 44-unit affordable housing community in Palm...

The Mogharebi Group (TMG) has brokered the sale of a 44-unit garden-style multifamily community in Palm Springs, Calif. for $11.25 million. The buyer of the fully occupied property is a California-based affordable housing investor. Sunnyview...
Six Points Apartments

$21.25M loan arranged for Six Points Apartments near Milwaukee

JLL Capital Markets announced that it has arranged $21.25 million in acquisition financing for Six Points Apartments, a 178-unit, market-rate multihousing community in downtown West Allis, Wisconsin. JLL worked on behalf of the borrower, Spaulding...
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...
Bay Inn Apartment Homes

Institutional Property Advisors closes Coastal Southern California multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Bay Inn Apartment Homes, a five-building, 80-unit apartment property in San Diego, California. The asset sold for $28.1 million, or...
Parkway Crossings

PCCP, LLC provides $67.8 million loan for the development of Parkway Crossings, a 309-unit...

PCCP, LLC has provided a $67.8 million loan to Fore Property Company for the ground-up development of Parkway Crossings, a Class A, 309-unit multifamily community in Kissimmee, Florida. The six-acre site is situated near...
Alta Cooley Station

Institutional Property Advisors Closes $80M Multifamily Asset Alta Cooley Station Sale Near Phoenix

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Alta Cooley Station, a 248-unit, mid-rise multifamily property in Cooley Station,...
900 W 23rd Street

iBorrow provides financing to support acquisition and strategic upgrades of student housing asset in...

iBorrow, a nationwide private direct lender for commercial real estate, has provided financing to Hawkwood Ventures LLC, a national commercial real estate investor, for the acquisition of a 140-bed, four-story student housing asset which serves students attending the University of Texas in Austin, Texas. The $11.2 million financing will fund a series of capital improvements to better...
High River

Cushman & Wakefield arranges multifamily sale on behalf of Hudson Capital Properties

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of High River, a 176-unit apartment community located in Tuscaloosa, Alabama. Jimmy Adams and Craig Hey of Cushman & Wakefield...
743 @ Howell Mill

Cushman & Wakefield arranges $85.2 million sale on behalf of JEM Holdings and Zavala...

Cushman & Wakefield has arranged the $85.2 million sale of six properties totaling 872 units on behalf of JEM Holdings and Zavala Capital Group. Three of the properties are located in Atlanta, two are...
Brookview Apartments

Marcus & Millichap arranges the sale of a 96-unit apartment building

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services, announced the sale of Brookview Apartments, a 96-unit apartment property located in Peoria, Illinois, according...
Millennium Apartments

IMG continues strategic investments of multifamily properties

Investors Management Group, Inc. (IMG) continued its strategic investments of multifamily properties with the acquisition of Millennium Apartments in Greenville, South Carolina for $64.4 million ($211,000 per unit). Over the past year, IMG has...
Chelsea Museum District

Berkadia arranges sale of Class A multifamily high-rise in Central Houston, Texas

Berkadia Institutional Solutions announces it has arranged the sale of Chelsea Museum District, a 325-unit trophy-quality multifamily high-rise in Central Houston, Texas. Senior Managing Directors Chris Curry and Todd Marix, Managing Directors Jeff Skipworth,...
Maxwell on 66th

Institutional Property Advisors brokers sale of new luxury multifamily asset in Greater Phoenix for...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Maxwell on 66th, a new, luxury 349-unit garden-style apartment property in the North Scottsdale Corridor of Phoenix, Arizona. The property...
Retreat at Mountainside

Hines Announces Plans for Retreat at Mountainside Multifamily Community in Colorado Springs’ Briargate Neighborhood

Hines, the global real estate investment, development, and property manager, together with MBK Rental Living announced plans for Retreat at Mountainside, a Class-A for-rent residential community in the Briargate neighborhood of Colorado Springs, Colorado. “The...
Alta Central

Institutional Property Advisors sells new multifamily asset in Central Phoenix

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Alta Central, a 223-unit mid-rise multifamily building in Midtown Phoenix, Arizona. “The property is a transit-oriented development in Arizona’s Innovation...
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