Deal boom

Apartment deals, mergers and acquisitions

Abberly NoDa Vista

Charlotte multihousing asset trades for $91 million

JLL Capital Markets announced that it has closed the $91 million acquisition of and the $60.3 million financing for Abberly NoDa Vista (formerly known as Live at NoDa), a 261-unit, five-story, wrap-style apartment within...
Elevate

Institutional Property Advisors negotiates Tucson multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Elevate, a 144-unit apartment property in Tucson, Arizona. The asset traded for $21.8 million, or $151,389 per unit. “Previous ownership enhanced...
EVO

$57.5 million financing secured for New Jersey multihousing community

JLL Capital Markets announced that it has arranged the $57.5M financing of EVO, a 220-unit, newly built, luxury multihousing property located in downtown Englewood, New Jersey. JLL represented the sponsorship, a joint venture between Claremont...
The Tides Waterfront

Marcus & Millichap completes Fort Worth multifamily asset sale

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Tides Waterfront, a 386-unit multifamily asset in Fort Worth, Texas. “Tides Waterfront...
Arcadia Plaza Apartments

Capstone has closed the sale of Arcadia Plaza Apartments

Capstone has closed the sale of Arcadia Plaza Apartments, a 13,188 SF multifamily property for the sale price of $4,600,000. Pat Knowlton of Capstone represented both the Seller and the Buyer on this transaction. Arcadia...
546 Green Bay Road

Interra Realty brokers $11 million sale of multifamily property on Chicago’s North Shore

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of a 37-unit multifamily property in Highwood, Ill. The newly built property, located at 546 Green Bay Road, traded...
Breckenridge Apartments

DLP Capital finances $24 million multifamily by Idaho Capital of Boise

DLP Capital, a private real estate investment and financial services firm, announced that it has provided $24.4 million in acquisition financing for a new, 160-unit multifamily property in the greater Boise, Idaho metro area....

Builder confidence declines for 11 consecutive months as housing weakness continues

Elevated interest rates, stubbornly high building material costs and declining affordability conditions that are pushing more buyers to the sidelines continue to drag down builder sentiment. Builder confidence in the market for newly built single-family...
Bella View

Haven Realty Capital, J.P. Morgan launch $415 million joint venture

Haven Realty Capital (Haven) and institutional investors advised by J.P. Morgan Global Alternatives have formed a programmatic joint venture to acquire and develop more than $1 billion in new build-to-rent (BTR) communities throughout the...
Chestnut Homes

WinnCompanies acquires 76 affordable housing units in Passaic, New Jersey

WinnCompanies, an award-winning national developer and manager of apartment communities, announced it has acquired Chestnut Homes, a 76-unit affordable housing community within walking distance of downtown Passaic, New Jersey. Built in 1983, the townhouse-style community...
Veranda La Mesa

Sale of multihousing community in suburban San Diego closes

JLL Capital Markets announced that it has closed the sale and acquisition financing of Veranda La Mesa, a 406-unit, garden-style apartment community located in La Mesa, California. JLL represented the seller. JLL also worked on...
Trailside at Hermosa Pointe

Institutional Property Advisors brokers $91 million multifamily asset sale North Central Phoenix

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Trailside at Hermosa Pointe, a 336-unit multifamily asset in Phoenix, Arizona. The property traded for $91 million, or $270,833 per...
Ascent

Avanath Capital Management acquires Ascent, a 168-unit multifamily community in Denver, Colorado for $58.1...

Avanath Capital Management, LLC, a private real estate investment manager, announces it has acquired Ascent, a 168-unit multifamily apartment community for $58.1 million. The property is located in the Denver suburb of Cherry Creek,...
612 Sheridan Road

Interra Realty brokers $10.3 million sale of Vintage Evanston, Ill. apartment building

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of a 43-unit multifamily property in Evanston, Ill. The vintage courtyard building, located at 612 Sheridan Road, traded for...
Maverick Oak Lawn Apartments

Veleta Capital Partners provides $18 million in financing for acquisition of Dallas apartment complex

Veleta Capital Partners (VCP), a Los Angeles-based institutional quality small balance bridge platform, has provided $18 million in senior secured, floating-rate bridge financing for the acquisition and renovation of the 137-unit Maverick Oak Lawn...
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