Saturday, May 18, 2024

Deal boom

Apartment deals, mergers and acquisitions

Marcus & Millichap arranges the sale of a 50-unit apartment building

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Costa De Cocoa, a 50-unit apartment property located in Cocoa,...
Residences at Munroe Place

CBRE arranges sale of 111-unit mixed-use multifamily community in Quincy, Massachusetts

CBRE announced that it has arranged the sale of The Residences at Munroe Place, a 111-unit apartment community with ground floor retail located at 1205 Hancock Street in Quincy, Massachusetts. CBRE Capital Markets’ multihousing experts...
Argyle Lake at Oakleaf Town Center

American Landmark acquires 270-unit class A community in Jacksonville, Florida

American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired Argyle Lake at Oakleaf Town Center, a 270-unit class A multifamily community in Jacksonville, Florida. This is their...
Copper Heights Assisted Living

ABI Multifamily brokers 78-unit East Mesa assisted living community for $3.8 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $3,800,000 / $48,718 Per Unit / $61.32 Per SF sale of Copper Heights Assisted Living...
Westwood Glen

FCP acquires Westwood Glen Apartments in Atlanta for $24.5 million

FCP announces the acquisition of Westwood Glen, a 247-unit apartment community in Atlanta, GA for $24.5 million. The acquisition marks FCP’s 21st investment in Atlanta and the 9th in the city’s Westside. “Located in the same...
Winslow Crane Apartments

New multihousing community development near Denver capitalized

JLL Capital Markets announced that it has arranged $43 million in structured construction financing for the development of Winslow Crane Apartments, a 203-unit, Class A, garden-style multihousing community in the Denver-area community of Englewood,...
West End on Eldridge

Westmount Realty Capital’s national investment portfolio thrives with acquisition of 14th multifamily property in...

Westmount Realty Capital announced the acquisition of West End on Eldridge, a Class A, Mediterranean-style apartment community located at 2255 Eldridge Parkway in the popular Energy Corridor in west Houston. The 192-unit multifamily community...
Arcadia on 49th

Institutional Property Advisors closes two Phoenix multifamily asset sales

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sales of The District at Fiesta Park, a 321-unit multifamily asset in Mesa and Arcadia on 49th, a 192-unit multifamily asset in...
Estates at Bee Cave

Newmark announces the sale of 316-unit, luxury multifamily property in Austin’s Hill Country

Newmark announces the sale of Estates at Bee Cave, a 316-unit luxury multifamily asset in suburban Austin. The property is located at 3544 South FM 620 Road in Texas’ Hill Country. Newmark Vice Chairman...
The Lakes Apartments

Levin Johnston completes $31.5 million sale of 102-unit multifamily community in Concord, California

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, announces its most recent multifamily transaction: the $31.5 million...
Litchford 315 Apartments

Magma Equities eclipses $500 million in multifamily investment volume in 2022 with largest single...

Magma Equities (Magma) has acquired the recently completed Litchford 315 Apartments, a 240-unit multifamily community in Raleigh, North Carolina, in an $83 million off-market transaction. This represents Magma’s fourth apartment investment of the year...
The Exchange

The Hoffman Company brokers 18-acre parcel in Riverside, California, for mixed-use development

The Hoffman Company, recently brokered the sale of a 482-unit apartment project on approximately 18 acres, part of a larger 35-acre mixed-use development called The Exchange being developed by the seller, AFG Development LLC....

Marcus & Millichap brokers $11.35 million sale of mixed-use building and development site in...

Marcus & Millichap, today announced the sale of a 53,931-square-foot, mixed-use commercial loft building located at 1040 W. Huron St. in the rapidly developing River West neighborhood of Chicago. This asset sold for $11.35...

Ginnie Mae MBS outstanding increases to $1.950 trillion

Ginnie Mae today announced that issuance of its mortgage-backed securities (MBS) totaled $34 billion in April. A breakdown of April issuance includes $32.437 billion of Ginnie Mae II MBS and $1.631 billion of Ginnie Mae...
4118 Elm Avenue

Stepp Commercial completes $6.64 million sale of a 22-unit apartment property in Bixby Knolls...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $6.64 million sale of a value-add 22-unit apartment property located at 4114 to 4118 Elm Avenue in the Bixby...
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