Friday, April 26, 2024

Deal boom

Apartment deals, mergers and acquisitions

Hamilton Place

BWE Secures $19M in Financing for Trio of Affordable Indiana Properties, Hamilton Place and...

BWE, a national commercial and multifamily mortgage banking company, announced that it has secured $19,680,982 in financing to acquire and rehabilitate three affordable housing developments. Hamilton Place plus Madison Cottage of both Rensselaer and Benton...

HFF announces joint venture equity for 2 adjacent apartment communities in Dallas

Holliday Fenoglio Fowler, L.P. (“HFF”) announces a joint venture equity raise for the acquisition of two adjacent apartment communities in Dallas, Texas, totaling 712 units – Emory at Horizon North and Ashmore at Horizon...
Carrington Court

Cushman & Wakefield arranges sale on behalf of White Oak Partners

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Carrington Chase and Carrington Court, two apartment communities located in Atlanta’s Gwinnett County, one of the fastest growing...

Two-building mixed-use portfolio in New York’s East Midtown fetches $41.5 million

JLL Capital Markets has announced the $41.5 million sale of 959-961 Second Ave. and 246 East 46th St., a 105-unit, two-building portfolio in the East Midtown neighborhood of New York City. JLL arranged the sale...

JLL arranges financing totaling $117.86 million for New Jersey apartments

JLL announced today it has arranged financing totaling $117.86 million for Everly Roseland, a 360-unit apartment community located in Roseland, Essex County, New Jersey. JLL worked on behalf of the borrower, Novel Property Ventures, to...
Delano

Institutional Property Advisors completes Southeast Valley of the Sun Multifamily property sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Delano, a 265-unit multifamily property in Mesa, Arizona. The $64 million sales price equates to $241,509 per unit. “Mesa’s low cost...
1121 W Fay Ln 1125 Anaheim California

CBRE Completes Two Apartment Sales in Anaheim California for $5.5M

CBRE announced the sale of two multifamily rental communities totaling 20 units for over $5.5 million in Anaheim, California to two separate buyers.   In the first transaction, CBRE’s Executive Vice President Dan Blackwell, Senior...
923 Bedford Ave in Brooklyn, New York

Marcus & Millichap Brokers $3.35M Sale of Brooklyn Multifamily Property

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a multifamily apartment building at 923 Bedford Ave in Brooklyn, New...
Mosaic Hills Apartments in Kent

RISE Properties Trust and Aegon Real Assets US acquire two more assets in Seattle...

RISE Properties Trust (“RISE”) a Canadian real estate trust based in Seattle, and Aegon Real Assets US (“Aegon RA”), an indirect wholly owned subsidiary of Aegon N.V., a multinational life insurance, pensions and asset...
Hamlet Cove Apartments

Cushman & Wakefield represents DLS Partners in $13 million sale

Cushman & Wakefield announced that Executive Directors Nick Meoli and Mike Donaldson have represented DLS Partners in its disposition of Hamlet Cove, a multifamily community in Gainesville, Florida. Greenberg Apartment Communities acquired the asset...
Hampshire HIll Apartments

Mesa West Capital originates $85 million in first mortgage debt to finance the acquisition...

Mesa West Capital has provided Minneapolis-based multifamily investment firm Bader Diamond Funds (BDF) with $85 million in first mortgage debt for the acquisition of Hampshire Hill, a 534-unit community in the Minneapolis suburb of...
Terramonte at Foothill

Institutional Property Advisors Closes Inland Empire Multifamily Asset Sale

Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of Terramonte at Foothill, a 138-unit apartment property in Pomona, California. The asset sold for $35.5 million, or $257,246 per unit. “Constructed in...
12 Panoramic Way

JLL Arranged the Acquisition Financing of the 13-Unit, Six-Story 12 Panoramic Way in Berkeley...

JLL Capital Markets announced that it has arranged the $5.2 million acquisition financing for 12 Panoramic Way, a 13-unit, six-story student housing community located near the campus of University of California, Berkeley. Built in 1948,...

Kiser Group brokers three West Ridge apartment buildings for $6.5 million

Kiser Group, Chicago’s leading multifamily brokerage firm, recently brokered three West Ridge apartment buildings in separate transactions. 6300 N. Leavitt sold for $3,000,000, 6515 N. Seeley sold for $2,650,000, and 2737 W. Glenlake sold...

Expedia Group acquires Pillow and ApartmentJet to enhance its alternative accommodations marketplace for residents,...

Expedia Group, Inc. announced today the acquisitions of Pillow, a software solution that helps building owners and managers empower their long-term residents to rent their residences, and ApartmentJet, a software solution enabling the rental of...
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