Thursday, May 2, 2024

Deal boom

Apartment deals, mergers and acquisitions

Bahia Beach

Marcus & Millichap closes the $5.5 million sale of a Fort Lauderdale multifamily property

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Bahia Beach, a 35-unit apartment property located in Fort Lauderdale, Florida....
TwentyOnes

PCCP, LLC provides $29 million construction loan to Rockworth Companies for urban infill multifamily/retail...

PCCP, LLC announced that it has provided a $29 million construction loan to Rockworth Companies for the development of TwentyOnes, a 108-unit urban infill multifamily project with 20,500 square feet (sf) of ground floor...
Vantage at O’Connor

Institutional Property Advisors completes newly constructed San Antonio apartment sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Vantage at O’Connor, a 288-unit, new construction asset in Northeast San Antonio, Texas. “Built in 2020, Vantage at O’Connor achieved stabilization...

FCP provides $67.1 million in preferred equity for multifamily through structured investments platform in...

FCP announces $67.1 million in preferred equity has been invested through its Structured Investments platform in five multifamily properties in New York, Pennsylvania, Texas, and Maryland. “These investments demonstrate the breadth and reach of our Structured...
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,...
Belleview Station Apts

JV equity arranged for Belleview Station apartments

JLL Capital Markets announced it has arranged joint venture equity for the development of a 250-unit mixed-use, luxury apartment community located in Denver, Colorado. JLL represented the developer, Trammell Crow Residential, the multihousing development company...
French Quarter Apartments

Franklin Street arranges $10.8 million sale of value-add multifamily property in Tampa, Florida

Franklin Street has arranged the sale of French Quarter Apartments, a 57-unit, 50,585-square-foot multifamily community in Tampa, for $10.75 million, equating to $188,596 per unit. Franklin Street’s Tampa Multifamily Investment Sales Team of Avery Jordan,...
Mosser Oakland Portfolio

JLL arranges $58.5 million financing for Bay Area multihousing portfolio

JLL Capital Markets announced that it has arranged $58.5 million in financing to fund the recapitalization of a nine-property multihousing portfolio located in Oakland, California. JLL worked exclusively on behalf of Mosser Capital (Mosser) and...
Promenade at New Town

$27.5 million refinancing arranged for multihousing community near St. Louis, MO

JLL Capital Markets announced that it has arranged a $27.5 million refinancing of Promenade at New Town*, a 225-unit multihousing community in the St. Louis-area community of St. Charles, Missouri. JLL represented Gold Block Ventures...

R.D. Olson construction completes Chapman University student housing project

R.D. Olson Construction, an award-winning general contracting firm in California, has completed The K, a 401-bed, 123,562-square-foot student housing project for Chapman University. Designed to reflect the historic charm of Old Towne Orange, the...
Woodmont Way at West Windsor

JLL Arranged the Refinancing for the 443-unit Woodmont Way at West Windsor in New...

JLL Capital Markets announced that it has arranged permanent financing for Woodmont Way at West Windsor, a 443-unit, garden-style, luxury multi-housing community located in West Windsor, Mercer County, New Jersey. JLL represented the borrower, Woodmont...

Legacy Partners recapitalizes with Collier Enterprises

Legacy Partners, a privately owned national real estate firm, announced today the recapitalization of the firm with Collier Enterprises, a private equity, real estate investment and development company located in Naples, Florida. With Legacy Partners’...

JLL closes sale, financing of 3 student housing properties

JLL announced today that it has closed the $17.7 million sale and $12.95 million in acquisition financing for a three-property student housing portfolio totaling 294 beds steps from Missouri State University in Springfield, Missouri. JLL...
The Place at Carrollwood

Berkadia arranges sale and financing of multifamily community in Tampa, Florida

Berkadia announces it has arranged the sale and financing of The Place at Carrollwood, a 224-unit multifamily property in Tampa, Fla. Senior Managing Directors Jason Stanton and Matt Mitchell and Senior Director Greg Rainey...
Alta University Place

Wood Partners Unveils Latest Urban Village Apartment Community Alta University Place in Tacoma

Leading national multifamily real estate developer, Wood Partners, announced the official grand opening of its newest luxury residential community, Alta University Place. The upscale community is nestled in University Place, an upscale suburb situated...
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