Thursday, May 16, 2024

Deal boom

Apartment deals, mergers and acquisitions

1015 N. Pulaski

Kiser Group brokers $2.85 million in West Side affordable multifamily sales

Kiser Group, Chicago’s leading multifamily brokerage firm, recently brokered two separate multifamily transactions on the west side of Chicago. 1015 N. Pulaski sold for $1,900,000, and 4301 W. Gladys sold for $950,000. 1015 N. Pulaski...
The Park at Rialto

Sale and financing secured for San Antonio apartment complex

JLL Capital Markets announced that it has closed the sale of and arranged acquisition financing for the Park at Rialto, a newly constructed, 274-unit, garden-style multihousing community built by GenCap Partners, Inc. in the...
Harlow Luxury Apartments

Next Wave Investors sells 98-unit luxury multifamily community in Las Vegas after completing strategic...

Next Wave Investors, LLC (Next Wave) a private equity firm focused on value-add multifamily investments, has sold Harlow Luxury Apartments, a 98-unit Class A luxury multifamily community in Las Vegas, Nevada. The asset was...
Oxford Interior

Dunleer sells fully renovated apartment asset, The Oxford Hollywood, for $410,000 per unit

Dunleer, a Los Angeles-based private real estate investment and development firm, announced the $2.05 million sale of The Oxford Hollywood, a fully occupied five-unit apartment property located at 1020 N. Oxford Avenue in Los...
Cottonwood Terrace apartments

Colorado Springs apartments sold to Oak Coast Properties for $37.25 million

JLL Capital Markets announced that it has completed the $37.25 million sale and $28.5 million financing of the Cottonwood Terrace apartments located at 2864 Dublin Blvd in Colorado Springs, Colorado. JLL worked on the behalf...
The Shaw

Northwest Washington D.C. apartments purchased in cash for $49 million

JLL Capital Markets announced that it has closed the $49 million sale of The Shaw, a multihousing apartment community in the Northwest Washington D.C. area. JLL completed the sale from the seller, Monument Realty, to...
Shelby’s Crest

Colliers International Florida’s affordable housing group brokers $8.5 million sale of Indiana multifamily asset

As demand for Affordable Housing assets continues to increase in light of the COVID-19 pandemic, Colliers International Florida is pleased to announce that it recently closed on the $8.5 million sale of Shelby’s Crest,...
Sunnyvale Saratoga

Levin Johnston directs three multifamily property sales in California Bay Area for a total...

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 three multifamily property sales in the Bay...
The Bowery at Southside

Institutional Property Advisors brokers Metroplex multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Bowery at Southside, a transit-oriented, 303-unit multifamily property in the South Main Village development in Fort Worth, Texas. “The Bowery...
Mills Creek

Joint Venture of PCCP, LLC and the Excelsior Group, LLC acquires Mills Creek, a...

A joint venture of PCCP, LLC and The Excelsior Group, LLC has acquired Mills Creek, a Class A, newly constructed, 66-unit, single-family rental community located at 8601 Goldenrod Lane N in Maple Grove, MN....
Amber Ridge Apartments

Silver Star Real Estate lands $30.58 million loan for acquisition of Amber Ridge

JLL Capital Markets announced the arrangement of a $30.58 million loan regarding the acquisition of the Amber Ridge Apartments located at 2421 Foothill Boulevard in the greater Los Angeles area of La Verne, California. JLL...
The Fairmount at McGinley Square

Gebroe-Hammer’s Niko Nicolaou arranges $23.75 million sale of the Fairmount at McGinley Square in...

In one of Jersey City’s most popular budding multifamily investment submarkets, Gebroe-Hammer Associates has arranged the $23.75M sale of The Fairmount at McGinley Square, featuring 58 newly constructed Class A apartment homes atop 3,200...
Monterosa Villas

ABI Multifamily brokers Biltmore area apartment community for $6.95 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western U.S., is proud to announce the $6,947,500 / $365,658 per Unit / $158.55 per SF sale of Monterosa Villas, a 19-unit...
101 Daniel Low Terrace

GFI Realty trades Staten Island 112-unit six-story elevator asset for $11.9 million

GFI Realty Services, LLC announced the $11.9-million sale of 100 Belmont Place & 101 Daniel Low Terrace, two six-story elevator apartment buildings occupying a single lot, in the St. George section of Staten Island. The asset...

Trez Capital closes construction loans totaling $12.1 million for two townhome rental communities in...

Trez Capital announced the closing of construction loans for Lotus Company’s two townhome communities, Foxridge and Whisperwood, in Ogden, Utah. The two loans, totaling $12.1 million, are part of Trez’s first financing agreement with Lotus...
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