Tuesday, May 14, 2024

Deal boom

Apartment deals, mergers and acquisitions

Harbor Island Apartments

Avison Young in Las Vegas, Nevada brokers $126 million sale of 996-unit Harbor Island...

Avison Young announced the Sauter Multifamily Group, comprised of Principals Patrick Sauter, Art Carll-Tangora, and Steve Nosrat, based in the firm’s Las Vegas office closed the $126 million sale ($126,506 per unit) of Harbor...
Station440

Interra Realty brokers $16.9 million sale of new apartment community on Chicago’s North Shore

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $16.9 million sale of Station440, a 48-unit multifamily property in Highwood, Ill. Interra Managing Partner Craig Martin represented Benchmark Developers in...
West Gate Townhomes

Institutional Property Advisors closes apartment asset sale in New Haven Connecticut

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of West Gate Townhomes, a 135-unit multifamily asset in New Haven, Connecticut. “West Gate Townhomes is a unique asset offering spacious suburban...
Westover Parc Apartments

ABI Multifamily brokers 160-unit Far West Phoenix multifamily apartment community for $41.625 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $41,625,000 / $260,156 Per Unit / $284.71 Per SF sale of Westover Parc Apartments, a...
The Point at Biscay

Fannie Mae lends $24.375 million for Colorado townhome community

JLL Capital Markets announced that it has arranged $24.375 million in acquisition financing for The Point at Biscay, formally known as Outlook Biscay, a 96-unit, Class A townhome community in Aurora, Colorado. JLL worked on...
Crosswinds

Berkadia arranges sale and financing of Florida multifamily portfolio

Berkadia announces it has arranged the sale and financing for a three-property, 252-unit multifamily portfolio in the Florida Panhandle. Vantage Point Acquisitions acquired the three apartment communities including the 176-unit Crosswinds, 40-unit Crosslake Cove...

Continental Realty Advisors and GTIS Partners acquire 240-unit apartment community in Chandler, Ariz. in...

Continental Realty Advisors, Ltd. (CRA), a Denver-based national multifamily investment and management firm, in partnership with GTIS Partners, a global real estate investment firm headquartered in New York, announced today the off-market acquisition of...
Vantage at O’Connor

Institutional Property Advisors completes newly constructed San Antonio apartment sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Vantage at O’Connor, a 288-unit, new construction asset in Northeast San Antonio, Texas. “Built in 2020, Vantage at O’Connor achieved stabilization...
The Boulevard

DB Capital purchases 296-unit multifamily community in Las Vegas for $64 million

Multifamily investment firm DB Capital Management (DB Capital) has made its entry into the Las Vegas market with the $64 million acquisition of the Boulevard, a 296-unit apartment community located just 20 minutes from...
Clearwater at The Heights

Clearwater Living Announces Their Acquisition and Rebranding of Assisted Living Facility Clearwater at The...

Clearwater Living®, a real estate and property management company dedicated to the ownership, operation and development of high-quality senior living communities, announced the acquisition of The Watermark at Houston Heights, a 220-unit, luxury assisted...

Passco Companies continues to grow Texas portfolio with acquisition of 313-unit luxury multifamily community

Passco Companies, a privately held California-based commercial real estate company that specializes in acquisition, development, and property and asset management throughout the U.S., has acquired its fourth multifamily asset in the state of Texas...
The Preserve at Catons Crossing

Passco continues acquisitions activity with addition of 200-unit multifamily community in supply-constrained Northern Virginia...

Passco Companies, a privately held California-based commercial real estate company that specializes in acquisition, development, and property and asset management throughout the U.S., has acquired The Preserve at Catons Crossing, a 200-unit, mid-rise apartment...
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,...

The Wolff Company breaks ground on new senior living community in Hillsboro

The Wolff Company—a Scottsdale-based private equity firm and senior living developer—has broken ground on Revel Amberglen, a new independent living apartment community within the Amberglen Business Park mixed-use masterplan in Hillsboro. Characterized by celebrity...
Granite Lena Park, Boston

MassHousing closes $25.6 million in financing for the renovation and extension of affordability at...

MassHousing has closed on $25.6 million in affordable housing financing to the Lena Park Community Development Corporation for the renovation and extension of affordability for lower-income residents at the 143-unit Granite Lena Park in Dorchester.   Granite Lena Park, a 143-unit scattered-site affordable housing development, was last substantially...
Yield PRO