Sunday, April 28, 2024

Deal boom

Apartment deals, mergers and acquisitions

Northern California seniors housing asset sale brokered by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Almond Heights Senior Living, a 117-unit assisted living and memory care facility in Orangevale, California. “Opened in September 2015, Almond...
Haven at Deer Creek

MBK Rental Living Announces Pre-Leasing at Solar-Powered Sonoma County Apartment Community The Haven at...

MBK Rental Living, a leading innovator in private real estate development in California, announced the commencement of pre-leasing at The Haven at Deer Creek. “We are thrilled to introduce The Haven at Deer Creek to...
Arbor Trace Apartment Homes

S.L. Nusbaum Realty Co. arranges $28.175 million sale of Virginia Beach apartment community to...

S.L. Nusbaum Realty Co. is pleased to announce Arbor Trace Apartment Homes was purchased for $28.175M (approx. $190,000 per unit) on September 10, 2021. Bill Overman, CCIM, John Wessling, CCIM and Paul Peck represented...
Lumara

Toll Brothers Apartment Living and Willton Investment Management to Develop 456-Unit Luxury Rental Community...

Toll Brothers, the nation’s leading builder of luxury homes, through its Toll Brothers Apartment Living rental division, and Willton Investment Management have announced a new joint venture to develop Lumara, a four-story, 456-unit multifamily...
Lodge at Crosadaile

JLL closes $65.9 million sale of Durham, North Carolina apartments

JLL Capital Markets announced it has closed the $65.9 million sale of Lodge at Croasdaile Farm, a 320-unit, garden-style and townhome apartment community in the North Durham submarket of Durham, North Carolina. JLL marketed the...

JLL arranges $6 million loan for 80 Terrace Street in Boston

JLL Capital Markets announced today that it has arranged a $6 million construction loan for the development of 80 Terrace Street, a nine-unit, boutique, for-sale condominium building in the Mission Hill neighborhood of Boston. JLL...

Six-building, mixed-use property sold in Austin

JLL Capital Markets announced that it has arranged the sale and financing of the Infinity Residences at The Triangle, an apartment community consisting of 529 units in North Central Austin, Texas. JLL completed the sale...

Levin Johnston directs two multifamily transactions totaling $23.4 million in California’s high-demand east bay...

Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has successfully directed the sale of two multifamily communities...
Hotel Conversion

Parkview Financial provides $28.5 million loan for hotel conversion project to feature 351 apartment...

Parkview Financial announced it has provided a $28.5 million loan to CS-ICM 5, LLC for the conversion of a former 436-key hotel and resort property into a 351-unit apartment complex with retail and restaurant...
Broadstone Olivine

Connor Group Acquires 326-Unit Broadstone Olivine Apartments in Denver for $100M

Adding to its multifamily properties in the Denver area, the Connor Group purchased a Littleton community for $100 million. The Connor Group bought its first multifamily property, Broadstone Olivine, in the Denver area in...
Wakonda Village

Eastham Capital and Artisan Capital Group Partner to Acquire Des Moines’ Largest Multifamily Community...

Eastham Capital, a private equity real estate firm dedicated to providing superior, risk-adjusted returns to investors through the transformation of undervalued multifamily real estate, has partnered with Artisan Capital Group, a Des Moines based...
The Cielo Apartments

New multihousing community near Minneapolis sells for $59 million

JLL Capital Markets announced that it has closed the $59 million sale of and arranged $44.25 million in acquisition financing for The Cielo Apartments, a 269-unit, multihousing community in the Minneapolis suburb of Fridley,...
Somerset

MedCore Acquires Two Senior Living Communities in Detroit, American House Somerset and Hampton Village

MedCore Partners in partnership with REDICO and American House Senior Living has completed the acquisition of two (2) senior living communities located in Troy and Rochester Hills, Michigan within the Detroit MSA. The communities...
River Oaks District

JLL Arranged the Sale of the Luxury River Oaks District in Houston Texas

JLL Capital Markets announced that it has closed the sale of River Oaks District, a landmark, 663,408-square-foot, luxury mixed-use asset located in Houston, Texas. The property includes 302,668 square feet of luxury retail, 279...
Bend at Oak Forest

Berkadia arranges sale of garden-style multifamily workforce community in Houston

Berkadia announces it has arranged the sale of Bend at Oak Forest, a 392-unit, garden-style multifamily workforce community located in Houston. Managing Director Jeffrey Skipworth, Senior Managing Directors Chris Curry and Todd Marix, Managing...
Yield PRO