Friday, May 17, 2024

Deal boom

Apartment deals, mergers and acquisitions

Lockport South Apartments

Kiser Group advises on $7.25 million, 80-unit Lockport, Illinois apartment sale

Kiser Group, Chicago’s leading multifamily brokerage firm, advised on the sale of Lockport South Apartments in Lockport, Illinois. Located at 551 Diane Court, the 80-unit multifamily property sold for $7,250,000. Director Matt Halper, Advisor...
Waterside Village

102-unit apartment building sold for $12 million by Marcus & Millichap

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Waterside Village, a 102-unit apartment property located in St. Petersburg, Fla.,...
workforce housing

Workforce housing asset sold in Pasadena, Texas

JLL Capital Markets announced that it has closed the sale of a 300+-unit, garden-style multihousing property in Pasadena, Texas. JLL worked on behalf of the seller, 29th Street Capital, to complete the sale to the...
Watermarket at Gateway Place

Institutional Property Advisors finalizes $84.35 million multifamily asset sale in Suburban Phoenix

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Watermark at Gateway Place, a 250-unit apartment asset in Gilbert, Arizona. The property sold for $84.35 million, which represents $337,400...
Radius Palms

The RADCO Companies announces sale of Radius Palms in Tampa, Florida

The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, announced the sale of Radius Palms, a 540-unit apartment community located at 14501 Caribbean Breeze Drive in Tampa, Florida. The property...
Deering Groves

Cushman & Wakefield arranges $57 million sale on behalf of AHS Residential

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Deering Groves, a 281-unit garden-style apartment community located in Miami-Dade, Florida. The final sale price was $57 million. Robert...
Swan Lake

Cushman & Wakefield arranges $82.5 million sale of Swan Lake Apartments

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Swan Lake Apartments, a 640-unit apartment community located in Tampa, Florida. The final sale price was $82.5 million. Mike...
Exchange at Holly Springs

Cushman & Wakefield arranges $65.1 million sale on behalf of Hathaway Development and PointOne...

Cushman & Wakefield has arranged the $65.1 million sale of Exchange at Holly Springs, a 316-unit apartment community located in Holly Springs, North Carolina, within the Raleigh MSA. Marc Robinson, Jordan McCarley, Robert Stickel...
Sunset Summit

Institutional Property Advisors negotiates $80.75 million apartment complex sale in Portland Oregon

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Sunset Summit, a 261-unit multifamily property in the West Hills neighborhood of Portland, Oregon. The property sold for $80.75 million,...
DUET

Marcus & Millichap arranges the sale of 31 apartments at the corner of Lincoln...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of DUET, located in the heart of Lincoln Park at the corner...
Bedford Apartments

TOC zoned multifamily property in Pico Robertson neighborhood sells for $5.2 million

The Bedford Apartments, a multifamily land redevelopment property, located at 1442-1446 S. Bedford Street in Los Angeles, California, has been purchased by Trion Properties, Inc., a large real estate investment company, for $5,200,000. The...
Park Place at Riverside

Park Place at Riverside sells for $1.3 million

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Park Place at Riverside, a 12-unit apartment property located in Jacksonville,...
Lenox Overlook

Passco Companies expands Texas portfolio with acquisition of 338-unit luxury apartment community in San...

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 Lenox Overlook, a newly constructed 338-unit luxury apartment community...
Terraces at Highland Reserve

Davlyn Investments acquires Roseville apartment community

Davlyn Investments, a prominent California multifamily investment firm, recently closed escrow on the $95,000,000 purchase of “The Terraces at Highland Reserve,” a 273-unit, luxury, Class A, multifamily community in Roseville, California. The property, which...
Adams and Grand

Cityview and Townsend Group partner on $125 million Opportunity Zone project in Los Angeles

Cityview, a premier multifamily investment management and development firm, and an opportunity zone program managed by The Townsend Group, a leading provider of investment management and advisory services exclusively focused on real estate and...
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