Friday, April 19, 2024

Deal boom

Apartment deals, mergers and acquisitions

Jefferson Landmark

JPI sells award-winning Jefferson Landmark to Beachwold Residential

JPI announced today the sale of Jefferson Landmark, a 324-unit luxury award-winning community, to Beachwold Residential. Recognized as the “Best Architectural Design: Multifamily” in 2019 by the Dallas Builders Association, Jefferson Landmark is located in...
The Winnwood

Tenth Street Ventures purchases The Winnwood with plans to restore historic glory of Midtown...

Tenth Street Ventures along with partners Braden Fellman Group have purchased The Winnwood, an 89-year-old apartment building at 1460 West Peachtree Street in Midtown Atlanta, Ga. They are applying for historic designation for the...
Kallisto at Bear Creek

Gelt, Inc. acquires Kallisto at Bear Creek, a 472-unit apartment property in Lakewood, CO,...

Gelt, Inc., a Los Angeles-based real estate investment and asset management firm, is pleased to announce it has significantly expanded its Denver region apartment portfolio with the $145.5 million acquisition of Kallisto at Bear...
Broadstone Ayrsley

Alliance Residential Company acquires 15 acres for Broadstone Ayrsley

Alliance Residential, one of the largest multifamily developers in the nation, has closed on the acquisition of nearly 15 acres located at 2215 Silver Crescent Dr. in Charlotte, North Carolina for the development of...

PCCP, LLC provides $100.6 million senior loan for the development of a 380-unit multifamily...

PCCP, LLC announced that it has provided a $100.6 million senior loan to a joint venture of Woodfield Investments and Argosy Real Estate Partners for the development of Morrison Yard, a 380-unit multifamily community...

JLL arranges financing for Katy multihousing community

JLL Capital Markets announced today that it has arranged acquisition financing for a multihousing community located in the Houston-area suburb of Katy, Texas. JLL worked exclusively on behalf of Hilltop Residential to arrange the four-year,...
Vegas Towers - Waterton

Waterton acquires 456-unit Vegas Towers apartment building in supply-constrained Las Vegas rental market

Waterton, a national real estate investor and operator, today announced it has acquired Vegas Towers at 1061 E. Flamingo Rd., less than two miles east of the Las Vegas Strip and adjacent to the...
Circa Central Avenue

Pillar Communities acquires multifamily development for $57.5 million

Hunt Companies, Inc., Tilton Development Company, Civitas Capital Group and Ryan Companies US, Inc., announce the sale of Circa Central Avenue, a multifamily development in downtown Phoenix. Private Portfolio Group, LLC, purchased the six-story...
7500 S. South Shore

Kiser Group brokers record-breaking $18.4 million South Shore apartment portfolio

Kiser Group, Chicago’s leading multifamily brokerage firm, recently brokered 7500 S. South Shore, 6916 S. Clyde and 7038 S. Chappel as a 208-unit apartment portfolio. The apartments sold for $18,400,000 and are located in...
Mansfield Multihousing Property

JLL arranges financing for Mansfield, Texas, apartments

JLL Capital Markets announced today that it has arranged acquisition financing for a multihousing community located in the Fort Worth suburb of Mansfield, Texas. JLL worked exclusively on behalf of Hilltop Residential to arrange the...

Pathfinder Partners acquires value-add multifamily community in Phoenix submarket

Pathfinder Partners, a San Diego-based firm specializing in multifamily real estate investments, has announced the $8.4 million acquisition of Park Paloma—a 60-unit apartment community just south of the Lower Arcadia neighborhood at 2930 North...
nVe at Fairfax

Luxury West Hollywood apartment building sold by Institutional Property Advisors for $36 million

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of nVe at Fairfax, a luxury boutique multifamily building in Los Angeles. The asset sold for $36 million, which equates to...
Arbor Place Apartment Homes

Cushman & Wakefield arranges sale and financing of 206-unit apartment community in Jacksonville, FL

Cushman & Wakefield has arranged the sale of Arbor Place Apartment Homes, a 206-unit multifamily property in Jacksonville. Located in the fast-growing Southside submarket, the asset presents significant value-add opportunity for the new-to-market buyer. Executive...
Sycamore on Main in Brockton

Construction is underway at Sycamore on Main in Brockton as MassHousing closes $4.7 million...

Construction is underway at Sycamore on Main in Brockton, as MassHousing has closed on $4.7 million in financing to an affiliate of NeighborWorks Housing Solutions. The MassHousing financing will allow NeighborWorks Housing Solutions to...
Guardian Arms Apartments

Institutional Property Advisors sells $26.2 million multifamily asset on Hollywood Boulevard in Los Angeles

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Guardian Arms Apartments, a 101-unit multifamily asset with 9,207 square feet of ground-floor retail between the Hollywood and Los...
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