Deal boom

Apartment deals, mergers and acquisitions

McKinley Park Apartments

McKinley Park Apartments to be Transformed into Affordable Housing for Seniors

The transformation of Canton’s McKinley Park Apartments into an affordable housing community moved another step closer to reality in December, after The Ohio Department of Development awarded the redevelopment $2 million in state historic...
3708-14 N. Sheffield Ave

Interra Realty brokers $7.4 million sale of 26-unit multifamily building in Chicago’s Wrigleyville Neighborhood

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the off-market sale of 3708-14 N. Sheffield Ave., a 26-unit vintage courtyard building in Chicago’s Wrigleyville neighborhood, steps from Wrigley Field. The...
West Vue

Berkadia arranges $97.5 million sale of brand-new class AA garden style asset in Orlando’s...

Berkadia announces it has arranged the sale of West Vue, a 442-unit, brand-new, luxury garden-style apartment community within Orlando’s sought-after and award-winning MetroWest master-planned community. The property is encumbered by a long-term ground lease,...
Tree Farm Lofts

$54.5 million secured for development of Colorado multihousing community

JLL Capital Markets announced that it secured $54.5 million in construction financing for Tree Farm Lofts, a 196-unit, six-building multihousing community located in Basalt, Colorado. JLL worked on behalf of the borrower, Lang Partners and...
The Perch

Institutional Property Advisors closes luxury Eastside Los Angeles multifamily property sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Perch, a mixed-use asset consisting of 59 luxury residences and 2,646 square feet of ground-floor retail on the border...
Lone Oak

Marcus & Millichap brokers newly constructed apartment asset sale in Parker County Texas

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Lone Oak, a 396-unit multifamily asset in Weatherford, Texas. “Weatherford has seen...
Excelsior Hotel

Berkadia secures $84 million in stretch senior financing for hotel-to-multifamily conversion on Manhattan’s Upper...

Berkadia announces it has secured stretch senior financing for developer Emmut Properties’ acquisition of Excelsior Hotel, a century-old landmark hotel on Manhattan’s Upper West Side. Emmut Properties acquired the 126-room hotel, which has been...
Ellie May

StoryBuilt and IHP Capital Partners form $44 million real estate joint venture

StoryBuilt, an urban residential and commercial community developer, and IHP Capital Partners, one of the nation's most prominent providers of equity financing for residential real estate development, announced a $44 million real estate joint...
Prelude at Paramount

Institutional Property Advisors completes multifamily sale outside of downtown Boise

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Prelude at Paramount, a 280-unit core multifamily asset located in Meridian, Idaho. “Prelude at Paramount is located just 12-miles from Downtown...
22 North

Institutional Property Advisors completes Austin area apartment asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of 22 North, a 240-unit multifamily asset located 20 miles northwest of Austin in Leander, Texas. “Austin’s technology scene is often referred...
City View at the Highlands

Another large multihousing community in suburban Chicago trades to NYC investor

JLL Capital Markets announced that it has closed the sale of City View at the Highlands, a 403-unit, luxury, value-add, mid-rise apartment building located in the Chicago suburb of Lombard, Illinois. JLL represented the sellers, a...
Summit at Hyland Park

$47M multihousing property near Portland sells

JLL Capital Markets announced that it has closed the $47 million sale of Summit at Hyland Park, a 137-unit, value-add, garden-style multihousing community located in Beaverton, Oregon. JLL represented the seller, DB Capital Management. FPA...
The Morton

Institutional Property Advisors brokers Salt Lake City multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Morton, a 137-unit multifamily asset in Salt Lake City, Utah. “The Morton provides connectivity and convenience, and its modern, mid-rise...
Hudson Square North

Multihousing community in Northeastern New Jersey refinanced for $35.9 million

JLL Capital Markets announced that it has arranged a $35.9 million refinancing for Hudson Square North, a 150-unit, transit-oriented, high-rise multihousing community with 2,739 square feet of retail space in Hoboken, New Jersey. JLL worked...
Villas at Cantamar

Marcus & Millichap completes West Fort Worth apartment property sale

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of The Villas at Cantamar, a 265-unit apartment property located in...
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