Saturday, May 18, 2024

Deal boom

Apartment deals, mergers and acquisitions

Parc Station

Parc Station apartments near Fort Lauderdale purchased

JLL Capital Markets announced that it has closed the sale of Parc Station, a 336-unit Class A apartment community in Hollywood, Florida, part of the greater Fort Lauderdale area. JLL worked on behalf of the...
Encore Chandler

Berkadia secures $10.25 million equity investment for Encore Multi-Family’s 208-unit development in Phoenix area...

Berkadia has sourced a capital partner for Encore Chandler, a 208-unit, class-A, multifamily development in Downtown Chandler between Dallas-based Encore Multi-Family and a Real Estate Investment Trust. Berkadia’s JV Equity & Structured Capital team...
6336 North Magnolia Avenue

Marcus & Millichap arranges the sale of a 4-unit apartment building

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of 6336 North Magnolia Avenue, a 4-unit apartment property located in Chicago,...
5411 NW 27th St

Franklin Street brokers $18.8 million multifamily sale in South Florida opportunity zone

Franklin Street has arranged the sale of a 180-unit value-add apartment community in South Florida for $18.8 million, or $104,444 per unit. The community is located in a federally identified Opportunity Zone in Lauderhill,...
Hidden Lakes

Financing arranged for pair of Fort Worth apartment communities

JLL Capital Markets announced that it has arranged financing for Hidden Lakes and The Ranch at Fossil Creek, apartment communities totaling 586 units in the Fort Worth-area community of Haltom City, Texas. JLL worked on...
820-822 Reba Place

Kiser Group advises on $1.6 million Evanston, Illinois apartment property sale

Kiser Group, Chicago’s leading multifamily brokerage firm, advised on the sale of 820-822 Reba Place, a 12-unit multifamily property, in Evanston, Illinois. 820-822 Reba Place sold for $1,675,000 with Director Matt Halper, Advisor Danny...
Sunstone Palms

The RADCO Companies announces $59 million sale of Sunstone Palms in Tampa, Florida

The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, announced the sale of Sunstone Palms, a 536-unit apartment community located at 12702 University Club Drive in Tampa, Florida. The property...
Sovereign at Town Center

$60 million construction financing secured for Sovereign at Town Center apartments

JLL Capital Markets announced that it has secured $60 million in non-recourse construction financing for Sovereign at Town Center, a luxury, garden-style multihousing community in Davenport, Florida. JLL worked exclusively on behalf of Sovereign Properties...
Woodland Trails

The Multifamily Group closes 72 units in Nacogdoches, Texas

The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, recently sold Woodland Trails comprised of 72 units in Nacogdoches, Texas. TMG Managing Director Evan Burke worked with the California based seller and...
Orlando on the Lake

Cushman & Wakefield arranges $18 million sale of 189-unit lakefront multifamily asset

Cushman & Wakefield announced that the real estate services firm arranged the sale of Orlando on the Lake, a 189-unit lakefront multifamily asset in Orlando. The final sale price was $18,000,000, equating to more...

Berkadia arranges $55.3 million sale of Tampa Bay apartments

Berkadia announces it has arranged the sale of Brandywine Apartments, a 477-unit garden-style apartment community in St. Petersburg, Fla. Managing Director Jason Stanton of Berkadia’s Tampa office, and Senior Managing Director Cole Whitaker of...
Bainbridge Avenues Walk

Joint Venture of PCCP, LLC and The Bainbridge Companies acquires 32.6 acres for development...

A joint venture of PCCP, LLC and The Bainbridge Companies announced it has acquired a 32.6-acre site for the construction of Bainbridge Avenues Walk, a 372-unit Class A multifamily community located at 10502 Avenues...
Regency Pointe Apartments

Transwestern closes $136 million of multifamily assets in two December transactions

Transwestern Real Estate Services (TRS) announces its Mid-Atlantic Multifamily Group executed the sale of two multifamily communities in December totaling $138.7 million. Transwestern Executive Vice Presidents Dean Sigmon and Robin Williams, Vice President Justin...
Presidio North

Presidio North apartments in Phoenix sold for $55.6 million

JLL Capital Markets announced that it has closed the $55.6M sale and arranged $38.6 million in acquisition financing for the Presidio North apartments located in Phoenix, Arizona. JLL represented the seller, a charitable foundation, in...
Bell at Salem Station

CBRE arranges sale of Bell at Salem Station multifamily community to affiliate of Pacific...

CBRE announced that it has arranged the sale of Bell at Salem Station, a 266-unit, 100 percent market multifamily community located at 190 Bridge Street in Salem, Mass. CBRE Capital Markets’ multihousing experts Simon Butler,...
Yield PRO