Friday, March 29, 2024

Deal boom

Apartment deals, mergers and acquisitions

Integra Vistas

Capital Square 1031 acquires Class A multifamily community in affluent Tennessee submarket

Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings for 1031 exchange and other accredited investors, announced today the acquisition of Integra Vistas, a Class A, 280-unit multifamily community in the...
NORA

Institutional Property Advisors facilitates Orlando luxury rental complex sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of NORA, a six-story, 246-unit multifamily building with 9,263 square feet of ground floor retail in Downtown Orlando’s North Quarter district. “With...
Lively Victor Park

Cushman & Wakefield arranges sale of Lively Victor Park located in emerging South Carolina...

Cushman & Wakefield announced that the commercial real estate services firm arranged the sale of Lively Victor Park, a 318-unit multifamily community located in Greer, South Carolina. Cushman & Wakefield’s John Phoenix, Louis Smart, and...
Solis Cumming

Cushman & Wakefield arranges sale of Solis Cumming

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Solis Cumming, a 320-unit multifamily property in a suburb north of Atlanta, Georgia. Cushman & Wakefield’s Robert Stickel and Alex...
Addison Arms Apartments

Institutional Property Advisors brokers San Fernando Valley apartment asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Addison Arms Apartments, a 57-unit apartment building in the Sherman Oaks neighborhood of Los Angeles, California. The property sold for...
Saratoga Apartments

Southeast Valley multifamily asset sale negotiated by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Saratoga Apartments, a 286-unit multifamily asset in Mesa, Arizona. The property sold for $35,175,000, which represents $122,990 per unit. “Mesa’s strategic...
The Montrose Portfolio

Interra Realty brokers $11.45 million sale of 7-building rental community in Chicago’s Albany Park...

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $11.45 million sale of 3634-48 and 3639-47 W. Montrose Ave., a seven-building, 39-unit rental community in Chicago’s Albany Park neighborhood. The...
Orange Grove

Stepp Commercial completes $3,025,000 sale of a value-add, 8-unit apartment property in prime West...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $3,025,000 sale of an eight-unit, value-add apartment property located at 1237 N. Orange Grove in the Los Angeles submarket...

UIP opens 100-unit renovated apartment community in former Washington, DC WAMU HQ

Urban Investment Partners (UIP) of Washington DC has unveiled Frequency Apartments, a 100-unit luxury apartment community located in a former northwest Washington, DC office building that housed National Public Radio affiliate WAMU. UIP acquired the...

Pathfinder Partners acquires value-add multifamily community in Denver suburb

Pathfinder Partners, a San Diego-based firm specializing in value-add real estate investments, announced today the $20,725,000 acquisition of The Station—a 97-unit multifamily community at 2100 W. Berry Ave in Littleton, Colo., a Denver suburb....

Core Spaces announces strategic partnership with Goldman Sachs

Core Spaces, one of the nation's leading developers, owners and operators of high-quality, mixed-use properties in educational markets, announced today its partnership with affiliates of the Merchant Banking Division of Goldman Sachs to recapitalize...
Azul Apartments

IMG expands San Antonio portfolio to nearly 800 apartment units

Investors Management Group ("IMG"), a California-based real estate sponsor and operator, has acquired Azul Apartments, a 246-unit community built in 2007 and located in Northwest San Antonio for an undisclosed price. IMG now owns 798...
Palisade Park

JLL arranges $40.27M financing for Denver-area apartments

JLL announced today that it has arranged $40.27 million in financing for Palisade Park, a 216-unit, garden-style apartment community in the north Denver suburb of Broomfield, Colorado. JLL worked exclusively on behalf of Jeffrey Sanders...

Shag, city of Tukwila, King County library system and community celebrate opening of Tukwila...

Sustainable Housing for the Ageless Generation (SHAG) and the City of Tukwila recently held the Tukwila Village Community Celebration to commemorate the culmination of a 20-year vision by the City of Tukwila to transform...
4040 S Prairie

Interra Realty brokers $1.07 million sale of eight-unit apartment building in Chicago’s Bronzeville neighborhood

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $1.07 million sale of 4040 S. Prairie Ave., an eight-unit apartment building in Chicago’s Bronzeville neighborhood. The price per unit...
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