Sunday, April 28, 2024

Deal boom

Apartment deals, mergers and acquisitions

Hartley View

TruAmerica Plans $86 Million Build-for-Rent Development in South Carolina

TruAmerica Multifamily, a national, institutionally-focused multifamily investment firm, acquired a 33-acre site in the Spartanburg, South Carolina market and announced plans to develop Hartley View, an $86-million Build-for-Rent (BFR) community. The land acquisition sets the...
The Grove at South Shore

Multihousing community near Tampa refinanced with $53.77 million loan

JLL Capital Markets announced that it has arranged a $53.77 million refinancing for The Grove at South Shore, a 340-unit, garden-style apartment community in Riverview, Florida. JLL worked on behalf of the borrower, Beachwold Residential,...
Lightfighter Village

EAH Housing Commences Construction on Permanent Veteran Housing in Marina California

EAH Housing, in collaboration with the Veterans Transition Center (VTC) of California, is proud to announce the groundbreaking of Lightfighter Village, a visionary housing development designed to provide permanent rental housing for veterans, with...

Bell Partners acquires 249-unit apartment community in Pompano Beach, Florida

Bell Partners Inc., one of the nation's leading apartment investment and management companies, announced that it has acquired Overlook Pointe, a 249-unit apartment community in Pompano Beach, Fla. on behalf of its Fund VI...
Farm Hill Manor

Levin Johnston completes $15.8 million sale of 24-unit multifamily community in Redwood City, California

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 announced the sale of Farm Hill Manor, a...
Prose Cartersville

Alliance Residential Company Opens Prose Cartersville In Cartersville Georgia near Atlanta

Leading national multifamily developer Alliance Residential is proud to announce the opening of its newest apartment community, Prose Cartersville in suburban Atlanta. The 336-unit community is the third in a collection of Prose-branded properties...
Celsius Apartment Homes

American Landmark acquires 449-unit apartment community in Charlotte, North Carolina

American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired Celsius Apartment Homes, a 449-unit apartment community located in the Wedgewood submarket of Charlotte, North Carolina. This is...
Ivy Lane Apartments

JLL arranges $30 million financing for New Jersey multihousing property

JLL Capital Markets announced that it has arranged $30 million in financing for Ivy Lane, a 237-unit, garden-style multihousing community in Bergenfield, Bergen County, New Jersey. JLL worked on behalf of the borrower, Tower Management...
Cambridge Street

Agent PHL Brokers Multifamily Investment Sale on Cambridge Street in Philadelphia

On behalf of The Seller, Agent PHL has formally announced the sale and settlement of 1710 Cambridge Street in Philadelphia, Pennsylvania. The investment sale was brokered by Ryan McManus, principal of Agent PHL at...
Holly House Apartments

Marcus & Millichap Closes $9.76M Sale of North Miami Holly House Apartments Near Barry...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Holly House Apartments in Miami, Florida. The property sold for $9,762,500. “The...
Blu South

JLL Capital Markets Arranged the Sale of Blu South Located in Pineville North Carolina...

JLL Capital Markets announced that it closed the sale of Blu South, a luxury, build-to-rent community located within South Charlotte in Pineville, North Carolina, adjacent to the Blue Line Pineville Light Rail stop. The...
GroveParc Townhomes

JLL arranges sale of 190-unit build-to-rent development site in Tampa MSA

JLL Capital Markets announced that it closed on the sale of GroveParc Townhomes, a 48.08-acre, build-to-rent development site located in Wesley Chapel, Florida (Tampa MSA). With site work complete, the development is approved for...
Woodland Cove

MassHousing closes on $8.5 million in financing for the final phase of the Woodland...

MassHousing has closed on $8.5 million in affordable housing financing to Dakota Partners, Inc., to support the final phase of development of the Woodland Cove housing community in Wareham. The MassHousing financing for Woodland Cove...
FalconView Apartments

Refinancing secured for FalconView Apartments in Colorado Springs

JLL Capital Markets announced it arranged a $61 million refinancing for the FalconView Apartments, a Class A, garden-style multihousing property in Colorado Springs, Colorado. JLL worked on behalf of the borrower, Etkin Johnson Real Estate...
Redwood Crystal Lake

McShane Construction Company to Build 124-Unit Single-Story Redwood Crystal Lake Apartments Near Chicago

McShane Construction Company was selected by Redwood Living, Inc. to build Redwood Crystal Lake, a new neighborhood of 124 single-story apartments in Crystal Lake, Illinois, located just an hour north of Chicago. “We’re excited to...
Yield PRO