Thursday, May 16, 2024

Deal boom

Apartment deals, mergers and acquisitions

Vecina Apartment Villas

Institutional Property Advisors brokers San Antonio multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Vecina Apartment Villas, a 297-unit multifamily property in San Antonio, Texas. “Vecina Apartment Villas, developed by LIV Development in 2020, offers...
5055 S. Dorchester

Interra Realty brokers $12 million sale of 34-unit rental community in Chicago’s Hyde Park...

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it negotiated the $12 million sale of 5505 S. Dorchester Ave., a 34-unit rental community in Chicago’s Hyde Park neighborhood. The price per unit...
298 Mulberry St

Broad Street Development and a real estate fund advised by Crow Holdings Capital partnership...

JLL Capital Markets announced the $114.9 million sale of 298 Mulberry St., a 96-unit, market-rate, mixed-use rental apartment property on the corner of East Houston and Mulberry Streets in the Noho neighborhood of Manhattan. JLL...
Topaz Villas

Lynd-Topaz joint venture sells Jacksonville apartment community for $66 million

Lynd Acquisitions Group (LAG), a division of the Lynd Group, and its JV partner Topaz Capital, sold a 444-unit value-add multifamily asset in Jacksonville for $66 million just three years after acquiring it for...
Modera Morrison

Joint venture equity arranged to develop apartments in Portland, Oregon

JLL Capital Markets announced that it has arranged joint venture equity for the development of Modera Morrison, a 247-unit mixed-use multihousing and retail development in a qualified opportunity zone in Portland, Oregon’s popular Central...

Affordability extended at Reading Housing Community for Seniors and Disabled Residents resulting from $10.2...

Senior citizens and disabled residents living at the 74-unit Peter Sanborn Place in Reading will have their affordable rents extended for at least 24 years and will see property improvements as a result of...
Ironwood Homes at Rosefield

Capital Square and Sunstone Two Tree Begin Construction on BTR Ironwood Homes at Rosefield...

Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, and Sunstone Two Tree, a developer and operator of rental housing communities...
Portola at Papago

SB Real Estate Partners expands its burgeoning portfolio in Greater Phoenix

SB Real Estate Partners (SBREP) has acquired East 3434 Apartments, a Class B, 128-unit garden-style apartment community located in Phoenix, Ariz., for $27.5 million. The property has been renamed Portola at Papago, and SBREP...

Taylor Johnson welcomes new client Hubbard Street Group

Taylor Johnson now represents Hubbard Street Group, a Chicago-based real estate investment and development company focused on luxury residential, retail and office developments. Led by veteran real estate developer John McLinden, Hubbard Street Group is...
Apex Orange Crossing, Orange NJ

PEEK Properties secures construction loan for Class A Opportunity Zone multifamily project in Orange,...

PEEK Properties (PEEK) has secured $9,750,000 in construction financing for the first of three new-construction Qualified Opportunity Zone (QOZ) multifamily properties in the City of Orange, N.J. PEEK, a commercial real estate investment, development...
Windrift

Institutional Property Advisors Brokers Orlando Florida Apartment Asset Sale

 Institutional Property Advisors, a division of Marcus & Millichap, announced today the sale of Windrift, a 288-unit multifamily property in Orlando, Florida. “Orlando’s diverse and extensive employment market has contributed significantly to the city’s strong...
blackstone acquires aig

Blackstone acquires AIG affordable housing portfolio

On July 14, Blackstone Real Estate Income Trust (BREIT) announced that they reached a definitive agreement for BREIT to acquire AIG’s interests in a U.S. affordable housing portfolio for approximately $5.1 billion, in an...
Villatree Apartments

$28.4 million in financing secured for Arizona multihousing community

JLL Capital Markets announced that it has arranged the $28.4 million financing for Villatree Apartments, a 150-unit, garden-style multihousing community in Tempe, Arizona. JLL represented the borrower, Epic Investment Services, to secure the five-year, floating-rate...
220 Roseville Avenue

Gebroe-Hammer’s Jarvis arranges multi-tranche $80+ million multifamily portfolio sale in Newark, New Jersey

In Newark’s North Ward, Gebroe-Hammer Associates Executive Vice President David Jarvis has finalized a multi-tranche $80+M multifamily portfolio sale totaling 484 units across the Gateway City. A 26-year Newark/North Jersey market specialist, Jarvis exclusively...
Landmark at Courtyard Villas

Marcus & Millichap Closes 256-Unit Multifamily Asset Sale in Northeast Texas

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Landmark at Courtyard Villas, a 256-unit apartment property in Mesquite,...
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