Thursday, November 28, 2024

Deal boom

Apartment deals, mergers and acquisitions

Bell Shrewsbury

Bell Partners Acquires Shrewsbury Massachusetts Apartment Community Bell Shrewsbury via Value-Add Fund

Bell Partners, among the nation’s largest apartment investment and management companies, announces that it has acquired Quinn35, to be renamed Bell Shrewsbury, a community containing 250 apartment homes and located in Shrewsbury, Massachusetts. The terms...
The Louisa

JLL Secures Financing for The Louisa Multifamily High-Rise in Portland

JLL Capital Markets announced that it has secured the sale and financing for The Louisa, a 242-unit multifamily high-rise in Portland, Oregon. JLL worked on behalf of the seller in procuring the buyer, Guardian Real...
The MC

AKAM Selected as Property Management Company for New Luxury Rental Development The MC

The MC – a design-oriented rental development – has named AKAM as the property management firm to support developers and prospective and current residents throughout the leasing, occupation, and operation processes. The experienced team is...
Lofts at Twenty25

Harbor Group Assumes Ownership of Foreclosed 623-unit Atlanta Multifamily Property Lofts at Twenty25

Harbor Group International has assumed ownership of the 623-unit asset after foreclosing on the $104.7 million, three-year floating rate loan it originated for former owner Miami-based Westside Capital Group. The Norfolk, Virginia-based apartment owner...
Baltimore

HUD Invests Over $1.1M to Modernize Senior Housing in Baltimore

The U.S. Department of Housing and Urban Development’s (HUD) announced the closing of two transactions, totaling $1.1 million, to help finance repairs and energy efficiency and climate resilience improvements at two multifamily properties in...
Handbook

HUD Announces New Actions to Improve its Handbook for the Management of Multifamily Affordable...

The U.S. Department of Housing and Urban Development (HUD) announced the start of its process to update the Multifamily Asset Management and Project Servicing Handbook and launched a request for public feedback to improve...
District NoHo

LA Metro Teams with Trammell Crow for District NoHo Residential Project

The Los Angeles County Metropolitan Transportation Authority (LA Metro) has formed a joint development agreement with NOHO Development Associates LLC, an affiliate of Trammell Crow Co. (TCC) and High Street Residential, on a transit-oriented...
Bellemeade Farms Apartments

Capital Square Averages 136.42% Total Return* With Recent Sale of Virginia Multifamily DST Property...

Capital Square, one of the nation's leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, announced today the sale of Bellemeade Farms Apartments, a 316-unit multifamily property...
Headen Spring

Lincoln Avenue Communities with Headen Spring Development Partner to Create New Affordable Housing Community...

Lincoln Avenue Communities, a mission-driven developer and owner of affordable housing, and Headen Spring Development, LLC, a partnership between Refreshing Spring Church of God in Christ and its non-profit affiliate, Sowing Empowerment & Economic...
The Logan

Thompson Thrift Expands into Idaho with 264-unit Luxury Multifamily Development The Logan Near Boise

Thompson Thrift, a full-service nationally recognized real estate company and one of the nation's leading multifamily developers, announced that it will develop The Logan, a 264-unit Class A multifamily community in Nampa, approximately 20...
Trovita Rio

Cushman & Wakefield Arranges the Sale of Trovita Rio Apartment Community in Tempe

Cushman & Wakefield announced that the firm arranged the sale of Trovita Rio, a 209-unit core apartment community located in Tempe, Arizona. Executive Managing Directors, David Fogler and Steven Nicoluzakis of Cushman & Wakefield procured...
Village at Union Mills

TMR Acquires New Property The Village at Union Mills for its Washington Portfolio

TMR Investments is expanding its multifamily portfolio in Washington with the acquisition of The Village at Union Mills apartment homes, a 182-unit property in Lacey, Washington. The Village at Union Mills is the seventh property...
Valley Ridge

Capital Square Acquires Georgia Build-for-Rent Community Valley Ridge Near Chattanooga Tennessee for DST Offering

Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, announced the acquisition of Valley Ridge, a newly constructed, 129-unit build-for-rent (BFR)...
Hamilton Cove

CBRE Facilitates 7-Day Escrow for Sale of Newly Renovated 15-Unit Multifamily Property Hamilton Cove...

CBRE announced the sale of Hamilton Cove, a newly renovated 15-unit multifamily property located at 560 Hamilton Street in Costa Mesa, California to a private investor for $5.625 million. The sale price represents $375,000...
The Village at San Jose ROI Capital

Berkadia Secures $73M to Refinance Two Jacksonville Multifamily Properties Owned by ROI Capital

Berkadia announced the refinancing of two garden-style multifamily properties, The Village at San Jose and The Villas at Ortega, both located in Jacksonville, Florida, on behalf of ROI Capital. Managing Director Brad Williamson of Berkadia...
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