Thursday, April 25, 2024

Deal boom

Apartment deals, mergers and acquisitions

Lake Village

Colliers International announces sale of Lake Village in Chesapeake

Colliers International is pleased to announce the sale of Lake Village, a multifamily community located at 908 Lake Village Drive in Chesapeake. The property was sold to Ritz Banc Group from Lawson. “We always enjoy...
lakeshore

NYC-based Spruce Properties buys Des Moines-area portfolio for $56.75M, largest single apartment trade in...

JLL Capital Markets announced that it closed the $56.75 million sale and arranged $45.4 million in acquisition financing for a multihousing portfolio consisting of six apartment communities in the suburbs of Des Moines, Iowa. JLL...
Bella Pointe Apartments

Trion Properties bolsters Northern California portfolio with acquisition of Bella Pointe apartments in Sacramento

Trion Properties, a private equity real estate firm that specializes in multifamily investments in western markets, with equity partner Walker & Dunlop, has acquired Bella Pointe Apartments, a 136-unit multifamily community in the Sacramento...
Ashford on the Lake

The RADCO Companies announces $47 million sale of Ashford on the Lake in Florida

The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, announced the sale of Ashford on the Lake, a 292-unit apartment community located at 3975 Country Place Lane in Palm Harbor,...
Lemon Bay Villas

A 12-unit apartment building sold for $1.6 million by Marcus & Millichap

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Lemon Bay Villas, a 12-unit apartment property located in Englewood, FL,...
Shiloh Park Townhomes

Next Wave enters Texas market with acquisition of 73-unit multifamily community

Next Wave Investors, LLC (“Next Wave”) a private equity firm focused on value-add multifamily investments, has entered the Texas market with the acquisition of Shiloh Park Townhomes, a 73-unit multifamily community in Plano, Texas...
Solare Apartments

Marcus & Millichap closes $63.75 million multifamily asset sale in Greater Los Angeles

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Solare Apartments, a 240-unit multifamily asset in Santa Ana, California. The...
Worthington Court

Cushman & Wakefield arranges $15.6 million sale of Worthington Court

Cushman & Wakefield announced that the real estate services firm has arranged the sale of Worthington Court, a 152-unit apartment community located in New Port Richey, Florida. The final sale price was $15.6 million. Mike...
Sharpstown Garden Apartments

Sharpstown Garden Apartments sold to Indus Management

JLL Capital Markets announced that it has closed the sale of the 396-unit Sharpstown Garden Apartments workforce housing property in Southwest Houston. JLL represented the seller, Pryzant Management, to complete the sale to Indus Management. The...
Ashford Indian Trail pool

The RADCO Companies announces $71.25 million sale of Ashford Indian Trail in Georgia

The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, announced the sale of Ashford Indian Trail, a 467-unit apartment community located at 1100 Indian Trail Lilburn Road NW, in Norcross,...
Century Highland Creek

Transwestern Investment Group acquires 338-unit apartment community in Charlotte, North Carolina

Transwestern Investment Group (TIG) and a national operator announce the acquisition of Century Highland Creek, a 338-unit apartment community at 5410 Prosperity Ridge Road in Charlotte, North Carolina. Centennial Holding Co., an institutional owner...
Station on Silver

JLL sells Station on Silver multihousing property in Herndon

JLL Capital Markets announced that it closed the sale of the Station on Silver multihousing property in Herndon, Virginia. JLL worked on behalf of Woodfield Development to close the property sale. The property consists of 400...
The Edison

Fogelman Properties completes acquisition of 327-unit multifamily community in Fort Myers, Florida

Fogelman Properties, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce the acquisition of The Edison, a brand-new 327-unit A+ multifamily community located in...
Accent 2050

Cushman & Wakefield arranges sale on behalf of Westplan Investors

Cushman & Wakefield has arranged the sale of Accent 2050, a 198-unit apartment community located in Atlanta. Robert Stickel, Mike Kemether and Alex Brown of Cushman & Wakefield represented the seller, Atlanta-based Westplan Investors,...
Port Royale

Institutional Property Advisors completes Southern Arizona multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Port Royale, a 252-unit multifamily property in Sierra Vista, Arizona. The asset sold for $30 million, which represents $119,048 per...
Yield PRO