Sunday, May 5, 2024

Deal boom

Apartment deals, mergers and acquisitions

Broadleaf Apartments

Intercontinental Real Estate Corporation enters Sacramento market partnering with Security Properties on 244-unit multifamily...

Intercontinental Real Estate Corporation (Intercontinental) in joint venture with Security Properties have acquired Broadleaf Apartments, a 244-unit Class B+ garden-style apartment community located in the Pocket neighborhood of Sacramento, Calif. The off-market transaction represents a...
V& Three

American Landmark acquires 338-unit transit-oriented apartment community near University of North Carolina at Charlotte

American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired V& Three, a 338-unit apartment community built in 2019 in the Autumnwood submarket of Charlotte, North Carolina—just five...
Campus Palms

Franklin Street arranges $43.2 million sale of student housing community near USF in Tampa

Franklin Street has arranged the sale of Campus Palms, a 230-unit, 570-bed student housing community in Tampa for $43.2 million. The property is located two blocks from the University of South Florida, serving a...
Larkspur Liberty Hill

Trez Capital commits USD $33.3 million to an equity investment in Austin, Texas for...

Trez Capital  announces the closing of a USD $33.3 million equity investment in partnership with Thompson Realty Capital, LLC for the development of a garden-style multifamily project in Austin, Texas. The project has a...
The Vicinity Apartments

ABI Multifamily brokers 125-unit North Central Phoenix multifamily apartment community for $37.5 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $37,500,000 / $300,000 Per Unit / $360.11 Per SF sale of The Vicinity Apartments, a...
Domain at Morgan’s Landing

DLP Capital spearheads acquisition of 350-unit Houston multifamily

DLP Capital, a private real estate investment and financial services firm, announced its acquisition of Domain at Morgan’s Landing, a 350-unit multifamily complex in the Houston suburb of La Porte. The acquisition was made...
Gramercy Townhouse

The Mogharebi Group brokers sale of 30-unit apartment community in Los Angeles

Despite current market conditions, deals have still been transacting—especially on small- to mid-cap multifamily assets in Los Angeles. The $7.15 million sale of 30-unit Gramercy Townhouse in the booming Koreatown neighborhood is yet another...
ReNew Tatnuck Square

CBRE arranges $26.7 million sale of 120-unit garden style apartment community in Worcester, Mass....

CBRE announced that it has arranged the $26.7 million sale of ReNew Tatnuck Square, a 120-unit garden style apartment community located at 13 Brookside Avenue in Worcester, Mass. CBRE Capital Markets’ multihousing experts Simon Butler,...

Calmwater Capital originates $28.5 million for housing near USC

Calmwater Capital, a leading national direct real estate lender, has provided $28.525 million in senior debt to an affiliate of Champion Realty Ltd, a borrowing entity owned and controlled by Bob Champion, Parker Champion...
USC Expo

Mosaic Investment Partners secures full capitalization for University of Southern California student housing development

JLL Capital Markets announced that it arranged the capitalization of USC Expo, a 57-unit / 260-bed USC student housing development located less than a half-block from the campus of the University of Southern California...

HFF announces structured financing totaling $23.5M for Denver mixed-use development

Holliday Fenoglio Fowler, L.P. (HFF) announces debt and equity financing totaling $23.5 million for the development of Cherokee Flats, a Class A, mid-rise building in Denver, Colorado, with 4,980 square feet of ground-level retail...

Red Mortgage Capital closes $60 million SBL portfolio in Union City, NJ

RED Mortgage Capital, the lending arm of ORIX Real Estate Capital, LLC, announces the closing of a $60 million, 18 property portfolio in Union City, N.J. through the Freddie Mac OptigoSM Small Balance Loan...

Mill Creek announces groundbreaking of Modera Lake Merritt

Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment communities across the U.S., announced the groundbreaking of Modera Lake Merritt, a luxury mixed-use community in Oakland’s thriving Uptown neighborhood. Situated one...
Tradition at Stonewater

JLL closes sale of Cary, North Carolina, apartments

JLL announced that it has closed the sale of Tradition at Stonewater, a 351-unit, suburban, garden-style apartment community in Cary, North Carolina. JLL marketed the property on behalf of the seller, an affiliate of Banner...
Poplars Apartments

Greystone Bel completes $4 million sale of 105-unit multifamily property in Saginaw, MI

Greystone Bel recently closed the sale of The Poplars Apartments, a 105-unit multifamily property in Saginaw, Michigan for $4,000,000 or $38,095 per unit. Austin Hull of the Greystone Bel Real Estate Advisors investment sales team...
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