Thursday, March 28, 2024

Deal boom

Apartment deals, mergers and acquisitions

Oso Apartments

Evergreen Real Estate Group expands national affordable housing portfolio

Chicago-based Evergreen Real Estate Group, a leader in the acquisition, development, rehabilitation and management of both affordable and market-rate multifamily housing, announced it has been retained to manage affordable housing communities comprising a total...
Ivy Lane Apartments

JLL arranges $30 million financing for New Jersey multihousing property

JLL Capital Markets announced that it has arranged $30 million in financing for Ivy Lane, a 237-unit, garden-style multihousing community in Bergenfield, Bergen County, New Jersey. JLL worked on behalf of the borrower, Tower Management...

JLL arranges sale, financing of San Antonio multihousing portfolio

JLL Capital Markets announced that it has closed the sale and arranged financing for a five-property multihousing portfolio totaling 844 affordable housing units in various San Antonio, Texas, neighborhoods. JLL marketed the offering exclusively on...

Land acquisition and joint venture closes on eight-building, multifamily development project in Chula Vista

The Millenia master plan development has closed on the purchase of land for an eight-building, 480-unit multifamily project in Otay Ranch. The project is a joint venture among MetLife Investment Management, Allstate and Ryan...
500 Des Plaines Ave

Interra Realty closes $3.15 million sale of apartment building in Forest Park, Ill.

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it facilitated the $3.15 million sale of 500 Des Plaines Ave., a 39-unit apartment building in Forest Park, Ill., a western suburb of...
155 Garland Street, Traverse City

Knighthead Funding originates loans totaling $37.3 million for Michigan multifamily projects

Knighthead Funding LLC, has originated separate loans totaling $37.3 million for the development of three multifamily projects in Michigan. All three non-recourse loans range in term from 18 to 36 months and are secured by...

Kiser Group brokers Portage Park portfolio for $3.5 million

Kiser Group, Chicago’s leading multifamily brokerage firm, recently brokered a three-building, 36-unit portfolio located in the Portage Park neighborhood of Chicago. The portfolio included 3905-11 N. Linder, a 10-unit building; 3514-18 N. Long, a...
Advenir on Addison

North Dallas multihousing property refinanced

JLL Capital Markets announced that it has arranged the refinancing of Advenir on Addison, a 264-unit, garden-style multihousing property in North Dallas. JLL worked on behalf of the borrower, Advenir, to secure the seven-year, fixed-rate...
Falcon Point

Colliers International announces sale of Falcon Point Apartments in Virginia Beach

Colliers International is pleased to announce the sale of Falcon Point, a multifamily community in Virginia Beach, from The Runnymede Corporation to Seminole Trail Properties. Falcon Point is located at 2105 Lake Smith Drive and...
Cottage Club

Dunleer sells The Cottage Club, a charming and iconic rental community in Highland Park...

Dunleer, a Los Angeles-based private real estate investment and development firm, announced the $3.222 million sale of The Cottage Club, an iconic rental community consisting of eight stand-alone cottages located at 336 N Avenue...
Parkside at the Beach

New apartment community trades in Panama City Beach, Florida

Transwestern Real Estate Services (TRS) announces its Southeast Multifamily Investment Services Group has negotiated the sale of Parkside at the Beach, a 288-unit luxury apartment community at 17225 Panama City Beach Parkway in Panama...
NOVO

JLL arranges equity for multihousing project near Twin Cities

JLL Capital Markets announced that it has arranged equity for the development of NOVO, a 192-unit multihousing complex located in the Twin Cities’ suburb of Richfield, Minnesota. NOVO will consist of a five-story and three-story...
Villas at Langley

Value-add apartment community outside Washington DC sells for $87.5 million

Transwestern Real Estate Services (TRE) announces its Mid-Atlantic Multifamily Group has brokered the sale of Villas at Langley, a 590-unit, value-add investment property in Hyattsville, Maryland. Klein Holdings sold the garden-style asset to Jair Lynch...
57 Ocean

$58.5 million for 57 Ocean: construction loan secured

Miami Beach’s 57 Ocean, an ultra-luxury seaside condominium on the iconic Millionaire’s Row, announced that it has obtained a $58.5 million construction loan from Bank OZK, arranged by JLL Capital Markets. The financing will...
Merrimack Valley Apartments

Affordability extended  for  lower-income  senior citizens  at  Methuen Housing Community as a result of...

MassHousing  has provided $7.9  million in  affordable housing financing to  the non-profit Community Teamwork, Inc. (CTI) to  preserve affordability  for lower-income senior citizens at the 60-unit Merrimack Valley Apartments in Methuen and extend affordability at the community for at...
Yield PRO