Deal boom

Apartment deals, mergers and acquisitions

Hunters Chase Apartments

Capital Square acquires 12th multifamily community near Richmond, Virginia, for DST offerings

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 Hunter’s Chase, a 320-unit apartment community in the Richmond suburb...
Northgate Apartments

CBRE arranges sale of 179-unit apartment community in Middletown, RI for $37 million

CBRE announced that it has arranged the $37 million sale of Northgate Apartments, a 179-unit garden style apartment community located at 3 Admiralty Drive in Middletown, Rhode Island. CBRE Capital Markets’ multihousing experts Simon Butler,...
Chatsworth Apartments

ECI Group announces sale of Chatsworth Apartments in Chamblee, Georgia

ECI Group announces the sale of Chatsworth Apartments in the Central Perimeter area in Chamblee, Georgia for $87 million. The 410-unit, 1980 vintage community was acquired by ECI in 2018 and underwent an extensive...
Apex Apartments

Las Vegas developer expands into Texas with 152-unit property acquisition

Camino Verde Group, a Las Vegas-based real estate investment and development firm, recently acquired the Antigua Village Apartments, soon to be rebranded as Apex Apartments, in Fort Worth, Texas. The acquisition was represented by...
Apex Glassworks

Invictus, L3C acquire multifamily asset in Nashville’s Metrocenter submarket for $93.6 million

Newmark announces the $93.6 million sale and $69 million financing of Apex Glassworks, a 282-unit, recently constructed multifamily community located in Metrocenter, a fast-growing infill submarket in the heart of Nashville. The property traded from...
CityZen Commons

The Jacobson Company sells 177-unit multifamily community in Kent, Washington for $52 million

The Jacobson Company, a leading private real estate investment and management company, has sold CityZen Commons, a 177-unit multifamily property in Kent, Washington, the fourth-largest municipality in greater Seattle, for $52 million. The firm initially...

Newmark announces sale of 408-unit, value-add multifamily community in Northeast San Antonio

Newmark announces the sale of ReNew at TPC, a 408-unit, value-add multifamily asset located in northeast San Antonio, Texas. The property traded from FPA Multifamily—a San Francisco-headquartered, privately held multifamily investment firm—to DB Capital...
The Addison

The Dermot Company purchases The Addison in Downtown Brooklyn

JLL Capital Markets has closed the sale of The Addison, a two-building, 271-unit luxury apartment rental property with three ground-floor retail spaces located at 225 Schermerhorn Street in Downtown Brooklyn, New York. JLL marketed the...
Hilltop Apartments at Daytona

Cushman & Wakefield arranges sale of Hilltop Apartments at Daytona

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Hilltop Apartments at Daytona, a 128-unit apartment community located at 464 Brentwood Dr. Mike Donaldson and Nick Meoli of Cushman...
Sunridge

ZMR Capital enters Las Vegas market with $38.5 million acquisition of multifamily community

ZMR Capital has acquired Sunridge, a 216-unit multifamily community in Las Vegas, for $38.5 million, marking the Florida-based multifamily investment firm’s entry into the Southern Nevada real estate market. “The Las Vegas rental market continues...
Yorba Linda Palms

Avanath Capital Management expands Southern California footprint with acquisition of a 44-unit family-oriented multifamily...

Avanath Capital Management, LLC, a multifamily owner and operator that focuses on market rate and affordable housing, announces its recent acquisition of Yorba Linda Palms (The Palms), a 44-unit family-oriented multifamily community in Yorba...
The Whitley Apartments

IMG announces South Carolina portfolio expansion

Investors Management Group, Inc. (IMG) has expanded its South Carolina multifamily portfolio with the acquisition of The Whitley Apartments in the city of Central. Over the past year, IMG has sponsored the acquisition of...

Portland smart-home startup IOTAS sells to security giant ADT

Home security company ADT has purchased Portland startup IOTAS, whose technology adapts smart-home features for apartments buildings. IOTAS’ technology enables renters to control lights, thermostats, locks and other wireless features. Such automation is common in...
944-54 W. Grace St

Interra Realty brokers $28 million multifamily sale on Chicago’s North Side

 Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $28 million off-market sale of 944-54 W. Grace St., an 80-unit rental community in Chicago’s Lakeview neighborhood, about a block...
Loramont on Thomas Apartments

Tower 16 Capital Partners announces the sale of Loramont on Thomas Apartments in Phoenix,...

Tower 16 Capital Partners has sold Loramont on Thomas Apartments, a 180-unit multifamily project in Phoenix, Arizona for $32.1 million. The property was purchased by Tower 16 in December 2019 for $11.7 Million in...
Yield PRO