Institutional Property Advisors completes $84.48 million multifamily sale in Greater Phoenix
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Fairways at San Marcos, a 352-unit apartment asset in Chandler, Arizona. The $84.48 million sales price equates to $240,000...
CRG launches $1.0 billion national residential development strategy
CRG, the real estate development and investment arm of Chicago-based Clayco, announced the launch of a new national residential development strategy that includes $1 billion in multifamily developments over the next two to three...
CBRE announces sale of Tuscany Palms in Mesa, Arizona for $83 million to Tides...
CBRE arranged the sale of the 582-unit multifamily community Tuscany Palms in Mesa, Ariz. on behalf of a partnership between Investcorp and BH Equities to Tides Equities for $83 million. CBRE’s Tyler Anderson, Sean Cunningham,...
Passco adds third multifamily property within two months with acquisition of brand new, 341-unit...
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 Tapestry Cypress Creek, a 341-unit luxury apartment community in...
Franklin Street brokers $25.4 million sale of 200-unit apartment community in Naples, Florida
Franklin Street has brokered the sale of Wild Pines of Naples Apartments in the affluent Naples market on Florida’s southwest coast. The 200-unit, garden-style apartment community sold for $25.35 million, or $126,750 per unit. Franklin...
PCCP, LLC joint venture acquires two adjacent multifamily properties totaling 1,180 units in Atlanta...
A joint venture of PCCP, LLC, CARROLL and LCOR Incorporated has acquired The Cascade at Morgan Falls and The Fountains at Morgan Falls, adjacent apartment communities located at 8085 Adair Lane and 8075 Adair...
Thayer Manca Residential acquires second Tucson property in a year
Thayer Manca Residential (TMR) has purchased Entrada Apartments, their newest multifamily property in Tucson, Arizona. TMR purchased the 424-unit property for $65,500,000 and is the largest acquisition to date for the company. With a $4.9m...
Willow Ridge apartments purchased by Alfa TX Investment Group
JLL Capital Markets announced that it has closed the sale and acquisition financing for the garden-style Willow Ridge apartments in Southwest Houston. JLL completed the sale for the seller, Sentinel Capital, to the buyer, Alfa...
MLG Capital and partner purchase Pinewood Apartments in Augusta, Georgia
MLG Capital announced the acquisition of Pinewood at National Hills Apartments located at 1075 Bertram Road in Augusta, Ga. The 160-unit multifamily apartment complex was built in 1983 and is a Class B property....
Avanath Capital Management acquires 207-unit workforce housing community in Boston, Massachusetts
Avanath Capital Management, a private real estate firm that invests in affordable and workforce housing properties throughout the U.S., has announced the acquisition of Morton Village, a 207-unit workforce housing community in Mattapan, Massachusetts,...
Greystar picks up pair of multihousing assets
JLL Capital Markets announced that it has closed the sale of Barrington Place and Waterlynn Ridge, Class A multihousing communities totaling 660 units in the Charlotte, North Carolina MSA. JLL marketed the property on behalf...
Interra Realty brokers $4.55 million sale of renovated apartment building in Chicago’s Kenwood neighborhood
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $4.55 million sale of 5001 S. Drexel Blvd., a 33-unit renovated apartment building in Chicago’s Kenwood neighborhood. The price per...
Colony Gardens sold in Plant City for $2.15 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 Colony Gardens, a 24-unit apartment property located in Plant City, Florida,...
Levin Johnston directs $39 million apartment community acquisition in Haltom City, Texas
Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has directed the acquisition of Spring Lake Apartments, a...
Oxford-Quadrum venture sells luxury apartment building Essex on the Park on Chicago’s Michigan Avenue
In one of the largest transactions of 2020, a joint venture between Oxford Capital Group, LLC and Quadrum Global has sold Essex on the Park, the 56-story, 607-foot, 479-unit, modernist tower, which it developed...
