Saturday, May 18, 2024

Deal boom

Apartment deals, mergers and acquisitions

14654 Gault Street

Transwestern brokers sale of two multifamily buildings in 1031 exchange in Los Angeles

Transwestern Real Estate Services (TRS) announces its Los Angeles Multifamily Investment Services Group has brokered the sales of 14654 Gault St., a luxury fourplex in Van Nuys, and 5631 Whitnall Highway, a newly built...

The Multifamily Group brokers 350 units in Lubbock, Texas

The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced this week that it had facilitated the sale of a portfolio of assets in Lubbock, Texas. Jon Krebbs represented the seller, and...
Sweetwater Apartment Homes

Passco Companies enters Baton Rouge with two best-in-market luxury multifamily acquisitions

Passco Companies, a privately held California-based commercial real estate company that specializes in real estate acquisition, development, and asset management throughout the U.S., has acquired two best-in-market luxury multifamily assets spanning 552 units in...
Lone Oak

Marcus & Millichap brokers newly constructed apartment asset sale in Parker County Texas

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Lone Oak, a 396-unit multifamily asset in Weatherford, Texas. “Weatherford has seen...
Radius at Shadow Creek

Berkadia arranges contribution and finance of 1,115-unit multifamily portfolio in Texas and Florida

Berkadia has arranged the contribution and finance of the Southstar Sunbelt Multifamily Portfolio, a four-property portfolio consisting of 1,115 apartment units in Texas and Florida. Senior Managing Directors Chris Curry and Todd Marix, along...
Hunter's Ridge

Thayer Manca Residential expands New Mexico portfolio

Thayer Manca Residential (TMR) has purchased their newest multifamily property in Albuquerque, New Mexico. TMR acquired Hunter’s Ridge, a 144-unit property, as they continue to invest in the New Mexico multifamily market. This is...
Avalon Green

Sale of multihousing community in Westchester County, New York closes

JLL Capital Markets announced that it has closed the sale of Avalon Green, a 617-unit, value-add multihousing community located within Westchester County in Elmsford, New York. JLL marketed the property on behalf of the seller,...
Pleasant Creek

Marcus & Millichap negotiates metroplex multifamily sale

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Pleasant Creek, a 159-unit apartment complex in Lancaster, Texas. “Dallas-Fort Worth has...
Hills at Hoover

Marcus & Millichap completes $44 million multifamily sale in Birmingham

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Hills at Hoover, a 320-unit multifamily asset in the highly...
Alivia Apartments

Los Angeles-area multifamily asset trades for $49.6 million

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale and financing of Alivia Apartments, a 128-unit multifamily property in Whittier, California. The leasehold interest of the property sold for $49,625,000,...
Versol in Bonita Springs

The Praedium Group acquires Versol in Bonita Springs, Fla.

The Praedium Group (Praedium), a national real estate investment firm, announced the acquisition of Versol, a 240-unit suburban multifamily property in Bonita Springs, Fla. located between the growing Naples and Fort Myers markets. Chris Hughes, Principal...

Paredim Partners purchases Cambridge Oxford Apartments steps from Yale University

Paredim Partners LLC (Paredim) a premier owner operator of multifamily properties in the Northeastern United States, is pleased to announce the acquisition of Cambridge Oxford Apartments, a boutique apartment complex located in the heart...

JLL arranges $15.1 million financing for luxury condominium project

JLL announced it has arranged $15.1 million in financing for the development of Palatine Bankers Hill, a five-story, 16-unit luxury condominium project in San Diego, California. JLL worked on behalf of the developer, INI Greenfield,...
Salix Juanita Village in Kirkland, Washington

RISE Properties Trust acquires Salix Juanita Village Apartments in Kirkland, Washington

RISE Properties Trust (“RISE”) a Canadian real estate trust, with operations based in Seattle, today announced their purchase of Salix Juanita Village in Kirkland, Washington for $101,500,000. The transaction was brokered by JLL. Jason Murray,...
Sterling Pointe

Ridge Capital Investors joint venture acquires apartment property in suburban Sacramento, CA

Ridge Capital Investors, LLC and Contrarian Capital Management, LLC have acquired a 250-unit, suburban Sacramento, CA apartment community for $33 million. Sterling Pointe, located at 2237 and 2257 Hurley Way is a Class B apartment...
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