Saturday, May 18, 2024

Deal boom

Apartment deals, mergers and acquisitions

Byron Street Apartments, Carteret, NJ

Gebroe-Hammer Associates arranges $9.72 million off-market multifamily portfolio sale in Central New Jersey

Gebroe-Hammer Associates has arranged the $9.72 million off-market sale of a three-property Middlesex County, NJ multifamily portfolio. The firm brokered the 53-unit transaction on behalf of the unnamed seller and procured the buyer, Golden...
821 S. Gramercy Drive

Stepp Commercial completes $2.85 million sale of a 9-unit value-add apartment property in Koreatown...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.85 million sale of a nine-unit apartment property located at 821 S. Gramercy Drive within the Koreatown submarket of...

Interra Realty brokers sales of multifamily and mixed-use buildings totaling $4.2 million in Chicago

Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it has brokered the sales of a $2.1 million mixed-use property and $2.1 million rental community in Chicago’s Austin and Bronzeville neighborhoods. “These...
Current at Coastal

Cushman & Wakefield arranges sale of The Current at Coastal student housing community

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of The Current at Coastal, an off-campus student housing community situated directly adjacent to Coastal Carolina University (CCU). Travis Prince,...

$24 million multifamily value-add opportunity sale brokered by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Cambridge Court, a 286-unit value-add multihousing asset in Phoenix. The $24 million sales price equates to nearly $84,000 per unit. “Positioned...
Woodchase & Clarendon

Eagle Property Capital and Belay Investment Group announce disposition of Dallas-Fort Worth multifamily asset

Eagle Property Capital Investments, LLC (EPC), a vertically integrated real estate investment manager focused on the value-add multifamily space, announced the disposition of Woodchase & Clarendon, a 266-unit apartment community located in Irving, northwest of...
Water Oak

Newmark Closes Sale of 292-Unit Luxury Multifamily Asset Water Oak in Austin Texas

Newmark announces it has facilitated the sale of Water Oak, a 292-unit luxury multifamily asset located 10 miles from downtown Austin, Texas. The property traded from Austin-based JCI Residential to Chicago-based Sherman Residential for...
Ducks Village

Marcus & Millichap brokers student housing asset sale in Oregon

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Ducks Village, a 230-unit, 650-bed student housing asset in Eugene, Oregon. “This...
Dana Park

Institutional Property Advisors closes $64.65 million multifamily asset sale in Mesa

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Dana Park, a 222-unit apartment property in Mesa, Arizona. The $64.65 million sales price equates to $291,216 per unit. “For over...
The Mark at Tallahassee

Landmark Properties Announces Closing on The Mark at Tallahassee in Partnership with Manulife Investment...

Landmark Properties, a fully-integrated real estate firm specializing in development, construction, investment management, and operation of high-quality residential communities, announces its third project in a build-to-core joint venture with Manulife Investment Management. The Mark...
Chelsea Museum District

Berkadia arranges sale of Class A multifamily high-rise in Central Houston, Texas

Berkadia Institutional Solutions announces it has arranged the sale of Chelsea Museum District, a 325-unit trophy-quality multifamily high-rise in Central Houston, Texas. Senior Managing Directors Chris Curry and Todd Marix, Managing Directors Jeff Skipworth,...
69 E 125th Street

Ariel Property Advisors Arranges $28.2 Million Sale of Two-Tower Residential Property in East Harlem

Ariel Property Advisors announced the $28,200,000 sale of a newly constructed luxury residential property located at 69 East 125th Street in the East Harlem section of New York City. GO-RE Partners, led by Doron Greenberg...
The Shay

Best-in-class multihousing community in Washington, D.C. sells

JLL Capital Markets announced that it closed on the sale of The Shay, a 245-unit, best-in-class multihousing community located in the highly sought-after Shaw neighborhood of Washington, D.C. JLL represented the seller in the transaction. Built...
Orion Residential

Real Estate Firm Marquette Companies Launches Strategic Alliance with Orion Residential

Marquette Companies, a national leader in multifamily development, investment and management, announces its strategic alliance with Deerfield, Illinois-based Orion Residential Advisors, (“Orion”) an integrated multifamily investment and operating firm active in multiple markets nationwide. “Bringing...

JLL closes sale, financing of 3 student housing properties

JLL announced today that it has closed the $17.7 million sale and $12.95 million in acquisition financing for a three-property student housing portfolio totaling 294 beds steps from Missouri State University in Springfield, Missouri. JLL...
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