Saturday, May 4, 2024

Deal boom

Apartment deals, mergers and acquisitions

Woodbrook

Cushman & Wakefield arranges $504.5 million sale of multifamily portfolio on behalf of Threshold...

Cushman & Wakefield has arranged the $504.5 million sale of a 31-property multifamily portfolio totaling 5,115 units located in North Carolina and South Carolina. Marc Robinson and Brooks Colquitt represented the sellers while Jacquelyn...
Radius Palms

The RADCO Companies announces sale of Radius Palms in Tampa, Florida

The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, announced the sale of Radius Palms, a 540-unit apartment community located at 14501 Caribbean Breeze Drive in Tampa, Florida. The property...
Pointe Vista Apartments

ABI Multifamily brokers 160-unit Northwest Phoenix apartment community for $24.25 million

ABI Multifamily—the leading multifamily brokerage and advisory services firm in the Western US—is pleased to announce the $24.25 million / $151,563 Per Unit / $204.66 per square foot sale of Pointe Vista Apartments, a...
Lakeside Pointe

Dominium announces successful closing of Lakeside Pointe

Dominium, a leading affordable housing owner, developer and manager, announced today that it has acquired Tranquility Bay located in Pearland, Texas. The property, which is being renamed Lakeside Pointe, is a 274-unit mixed income...
Ascent 1829 Apartments

ABI Multifamily brokers 180-unit Northeast Phoenix multifamily apartment community for $48 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $48,000,000 / $266,667 Per Unit / $421.20 Per SF sale of Ascent 1829 Apartments, a...
Cedar Rim

Institutional Property Advisors closes Newcastle multifamily property sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Cedar Rim, a 104-unit multifamily asset in Newcastle, Washington. The $53 million sales price equates to $509,615 per unit. “Overlooking Lake...

Prism putting finishing touches on Edison Lofts building at Edison Village in Downtown West...

This spring, Prism Capital Partners’ is putting the finishing touches on the Edison Lofts building at Edison Village, its industrial-to-residential redevelopment of the historic Thomas Edison Invention Factory and Commerce Center in West Orange,...

All-cash multifamily sale in San Diego’s Little Italy

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Villa Cusma, a 40-unit luxury apartment complex with one retail...
Rivers Senior

Avanath Capital Management acquires 120-unit affordable senior housing community in West Sacramento

Avanath Capital Management LLC, a multifamily owner and operator that primarily focuses on affordable and workforce housing, announces that it has acquired Rivers Senior, a 120-unit affordable senior housing community located in West Sacramento,...
Byron Street Apartments, Carteret, NJ

Gebroe-Hammer Associates arranges $9.72 million off-market multifamily portfolio sale in Central New Jersey

Gebroe-Hammer Associates has arranged the $9.72 million off-market sale of a three-property Middlesex County, NJ multifamily portfolio. The firm brokered the 53-unit transaction on behalf of the unnamed seller and procured the buyer, Golden...

Marcus & Millichap arranges sale of an 18-unit apartment building in Chicago

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of an 18-unit apartment property located in Chicago, according to David...

Franklin Street closes $41.875 million multifamily sale in Lenox Park submarket of Atlanta

Franklin Street has arranged the $41.875 million sale of the 335-unit Lenox apartment portfolio, located along Lenox Road NE and Woodland Avenue near the Morningside-Lenox Park neighborhood of Atlanta, Ga. Jake Reid, Chad DeFoor, and...
Parkland Apartments

Capital Square acquires Class A multifamily community near Miami for DST offering

Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced the acquisition of Parkland Apartments, a 396-unit Class A multifamily community in the...
Integra Sunrise Parc Apartments

Cushman & Wakefield negotiates $67 million sale of Integra Sunrise Parc Apartments

Cushman & Wakefield has negotiated the sale of Integra Sunrise Parc Apartments, a new 300-unit luxury multifamily community in Osceola County. Jay Ballard, Ken Delvillar, Michael Mulkern and Robert Given of Cushman & Wakefield’s Florida Multifamily Team represented a development partnership of Panther...
Archer Towers

JLL selected by BRP Companies to arrange joint venture equity for $286 million Archer...

JLL Capital Markets was selected by BRP Companies to arrange joint venture equity financing for the construction of the $286 million Archer Towers project. The residential development is located at 163-05 Archer Avenue in...
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