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...
Interra Realty arranges $5.78 million sale of luxury apartment building in Chicago’s Lincoln Park...
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $5.78 million sale of 1513-17 W. Diversey Parkway, a 12-unit luxury apartment building in Chicago’s Lincoln Park neighborhood. The price...
Cushman & Wakefield arranges $85.2 million sale on behalf of JEM Holdings and Zavala...
Cushman & Wakefield has arranged the $85.2 million sale of six properties totaling 872 units on behalf of JEM Holdings and Zavala Capital Group. Three of the properties are located in Atlanta, two are...
Institutional Property Advisors brokers Central Dallas-Fort Worth apartment complex sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Destino, a 192-unit apartment property in Grand Prairie, Texas. “Dallas-Fort Worth, the nation’s fourth-largest metropolitan area, offers competitive advantages for...
Stonebridge acquires 324-unit Raleigh, North Carolina apartment community
StoneBridge Investments of Washington, DC, has acquired The Columns at Wakefield, a 324-unit rental apartment community in Raleigh, NC. Howard Jenkins and Kevin Kempf of CBRE Southeast Multifamily represented the seller. The new ownership...
Institutional Property Advisors brokers North Texas multifamily sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Fountains at Steeplechase, a 368-unit multifamily asset in Plano, Texas. “Located in one of the fastest-growing cities in the country, Fountains...
Westridge Gardens refinanced with agency loan
JLL Capital Markets announced that it has arranged refinancing for Westridge Gardens, a 136-unit multihousing property in Phoenixville, Pennsylvania. JLL worked on behalf of the borrower, an affiliate of Relative Properties, LLC, to secure the...
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...
$49.1 million in refinancing secured for the Millennium at Hometown development
JLL Capital Markets announced that it arranged a $49.1 million refinancing for the Millennium at Hometown, a to-be-completed, Class-A, multihousing project comprising 306 apartments and 11,697 square feet of retail located at 6021 Parker...