Friday, April 26, 2024

Deal boom

Apartment deals, mergers and acquisitions

JLL arranges $20.5 million loan for Jersey City apartments

JLL Capital Markets announced today that it has arranged $20.5 million in financing for the acquisition of The Ashton, a newly completed, 93-unit, Class A apartment project in Jersey City, New Jersey. JLL worked to...

Parkview Financial provides $38 million loan for the development of a 168-unit multifamily property...

Parkview Financial announced it has provided a $38 million construction loan to Hunington Properties for the development of a 126,500-square-foot, mixed-use multifamily project. The six-story apartment building, located on 1.38-acres at 1107 Shepherd Drive...
Boulevard at Sonterra

PCCP, LLC and Kairoi Residential acquire 326-unit apartment property in San Antonio, Texas

PCCP, LLC announced that it has formed a joint venture with Kairoi Residential for the acquisition and renovation of Boulevard at Sonterra, a 326-unit garden-style multifamily property located at 210 E Sonterra Blvd. in...
Willow Trace

DLP Real Estate Capital announces acquisition of Willow Trace Apartment Community in Shreveport, LA

DLP Real Estate Capital has announced its latest acquisition of Willow Trace, a multifamily property in Shreveport, LA. The property consists of 192 units, includes one- and two-bedrooms, and offers seven floorplan options. The...
Waterside

JLL selected to market Waterside development opportunity

JLL Capital Markets, on behalf of Indianapolis-based Ambrose Property Group, is offering for sale Waterside, a 91-acre, shovel-ready, urban development opportunity located within a Qualified Opportunity Zone along the White River waterfront in downtown...
Parc Marin

Record-breaking Northern California multifamily sale brokered by Marcus & Millichap

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Parc Marin, a 32-unit boutique rental community in Corte Madera,...
4325 Franklin Avenue

Universe Holdings assembling $65 million Southern California multifamily portfolio

Universe Holdings has acquired a 17-unit apartment building in Los Angeles’ Los Feliz neighborhood, the first asset in a $65 million, 249-unit Southern California multifamily portfolio, expected to close within the next 30 days. Built...
Haven at Louetta

Newport Real Estate Partners, LLC acquires Haven at Louetta, a multifamily property within Houston...

Houston-based Newport Real Estate Partners, LLC, a real estate firm that is focused on the acquisition and repositioning of value-add multifamily properties, has acquired Haven at Louetta, a multifamily asset located in Spring, TX,...
Cedar Grove

Trion Properties augments East Bay holdings with acquisition of 61-unit multifamily community in San...

Trion Properties, a private equity real estate firm that specializes in multifamily investments in western markets, has expanded its East Bay portfolio with the acquisition of Cedar Grove, a 61-unit multifamily community located in...
Village West

JLL closes sale of Indiana student housing community

JLL Capital Markets announced that it has closed the sale of Village West, a recently renovated, 1,134-bed student housing community serving students of Purdue University in West Lafayette, Indiana. JLL marketed the portfolio exclusively on...
Country Village Apartments

Greystone Bel sells 84-unit Durand, MI apartment building

Greystone Bel recently closed the sale of Country Village Apartments, an 84-unit garden-style multifamily property in Durand, Michigan. Austin Hull of the Greystone Bel Real Estate Advisors investment sales team represented both the buyer and...
West Line Village Apartments

West Line Village Apartments development receives $42.5 million loan

JLL Capital Markets announced that it has arranged the $42.5 million construction loan for the development of West Line Village Apartments, a 281-unit, Class A multihousing community in the Denver suburb of Lakewood, Colorado. JLL...
Aperture

Luxury San Francisco peninsula apartment sold by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, has announced the sale of Aperture, an 83-unit luxury multifamily community with approximately 6,600 square feet of retail space. Aperture is in San Bruno,...
Roystone

JLL arranges $30 million construction loan for Seattle multihousing project

JLL Capital Markets announced that it has arranged $30 million for the development of Roystone, a 93-unit, boutique multihousing project with ground-floor retail in Seattle’s desirable Lower Queen Anne neighborhood. JLL worked on behalf of...
Deer Creek Village

Institutional Property Advisors brokers $49.5 million multifamily asset sale in North Phoenix

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Deer Creek Village, a 308-unit multifamily complex in North Phoenix. The $49.5 million sales price represents $160,714 per unit. “Thoughtfully...
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