Thursday, April 18, 2024

Deal boom

Apartment deals, mergers and acquisitions

Sixteen30

Wingspan Development Announces Sale of Sixteen30, a 284-Unit Luxury Rental Community in Chicago’s Southwest...

Wingspan Development Group, a national development firm, announced the sale of Sixteen30, a Class A apartment community of 284 units it developed in Plainfield, Illinois, about 40 miles southwest of Chicago. Menomonee Falls, Wis.-based...
Westminster Village Arms

MassHousing Financing Announces $94M in Refinancing for the Preservation of Affordability and Substantial Property...

MassHousing announced that residents living at the 432-unit Westminster Village Arms in Lowell will have their affordable rents preserved for the long term and see approximately $20 million in property improvements as a result...
Laura Street Trio

Red Oak Capital Holdings Provides $6.3M to Refinance Jacksonville Adaptive Reuse of Laura Street...

Red Oak Capital Holdings, LLC has provided $6.3 million to refinance Laura Street Trio, a collection of assets in the core of Downtown Jacksonville, Florida. The structures, considered to be among the most significant and...
Tuscany at Gabriella Pointe

Frankel Family Trust Announces 760-Unit Luxury Apartment Community Tuscany at Gabriella Pointe Breaks Ground...

The Frankel Family Trust – a privately-owned, multifamily property developer and owner – came together with Gilbert Mayor Brigette Peterson as well as general contractor CHASSE Building Team and other community and business leaders...
Rêve at Avondale Station

Trilogy Investments Announces Construction for Build-To-Rent Community Rêve at Avondale Station Has Commenced

Trilogy Investment Company, a leader in Build-To-Rent (BTR) community development, announces that land development at Rêve at Avondale Station in Avondale, Arizona, is underway. The 107-home BTR community, developed in collaboration with Pinnacle Partners, is...
Bellfort Plaza Apartments

Avatar Financial Group LLC Provides $6.5M for Bellfort Plaza Apartments in Southeast Houston

Avatar Financial Group LLC, a Seattle-based national hard money bridge lender for commercial real estate, has provided $6.5 million in financing for the 154-unit Bellfort Plaza Apartments. The multifamily community is situated in the...
Obsidian Capital Partners

Starwood Impact Investors Closes Investment in Obsidian Capital Partners

Starwood Impact Investors, a return-driven investment platform managed by Starwood Capital Group that is dedicated to investing in commercial real estate opportunities controlled by underrepresented partners, announced it has completed its inaugural investment in...
Sunrise of Oceanside

Sunrise of Oceanside Celebrates New Contemporary Community Offering Personalized Care and Vibrant Lifestyle to...

Sunrise Senior Living, a pioneer in personalized senior living services, proudly announces the grand opening of its newest community, Sunrise of Oceanside, situated at 4845 Mesa Drive in Oceanside, California. With a rich legacy spanning...
Foote Hills

The GSH Group Announces Sale of Foote Hills Property, Achieving Impressive Investor IRR of...

The GSH Group, one of the nation's fastest-growing multifamily real estate investment companies, is thrilled to announce the successful sale of its Foote Hills property in Grand Rapids, Michigan. The sale resulted in an...
Somerset

MedCore Acquires Two Senior Living Communities in Detroit, American House Somerset and Hampton Village

MedCore Partners in partnership with REDICO and American House Senior Living has completed the acquisition of two (2) senior living communities located in Troy and Rochester Hills, Michigan within the Detroit MSA. The communities...
Solamar Apartment Homes

JLL Secured the Construction Takeout Bridge Financing for Build-to-Rent Townhome Community Solamar Apartment Homes...

JLL Capital Markets announced that it has arranged the $43 million construction takeout bridge financing for Solamar Apartment Homes, a 210-unit, build-to-rent townhome community located in Kissimmee, Florida. JLL worked on behalf of the borrower,...
Rae on Sunset

Greystar Announces Leasing Has Begun at Rae on Sunset in Los Angeles California

Greystar Real Estate Partners, LLC ("Greystar"), a global leader in the investment, development, and management of real estate, including rental housing, logistics and life sciences, announced that it had begun leasing Rae on Sunset. Each...
Park Drive

JLL Arranged the Refinancing of the 444-unit Multifamily Community on Park Drive in Chicago

JLL Capital Markets announced that it has closed the $127 million refinancing of 465 N. Park Drive, a 444-unit, multifamily project located in the Streeterville neighborhood of downtown Chicago. JLL represented the borrower, a joint...
The Devan

Leasing Has Commenced at The Devan Luxury Multifamily Community in Jersey City

Fields Grade and Ursa Development Group announce the launch of leasing at The Devan, a new collection of 336 luxury rental residences paired with an elevated suite of amenities. The distinctive eight-story building presents a...
Ranch at Moorpark

Decron Sells Multifamily Community Ranch at Moorpark in Ventura County California for $133.2M

Decron Properties has sold Ranch at Moorpark, a 376-unit multifamily community in Moorpark, California to AEW Capital Management for $133.2 million. The Ranch at Moorpark offers luxurious California style living, with a combination of abundant...
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