Multihousing asset in coastal California secures $13.1 million in financing
JLL Capital Markets announced that it has closed the $13.1 million acquisition financing for The Independent, a Class A, 61-unit multihousing asset located in Sand City, California within Monterey County.
JLL marketed the property on...
Institutional Property Advisors closes $102.5 million Greater Phoenix multifamily sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Aventura, a 408-unit multifamily asset in Avondale, Arizona. The property sold for $102.5 million, or $251,225 per unit.
“Located adjacent to...
Standard Communities acquires Canton Estates Apartments in Massachusetts
Standard Communities, a major national affordable housing investor and developer, has acquired Canton Estates Apartments, a naturally occurring affordable housing family community in Canton, MA. The total capitalization of the transaction is approximately $18...
West Shore acquires eighth luxury apartment community in South Carolina
West Shore, a multifamily real estate investment firm, announces its acquisition of Solis Nexton, a new luxury apartment community located in the award-winning Nexton master-planned community in Summerville, South Carolina. This marks the Boston-based...
Institutional Property Advisors closes 518-unit Central Connecticut multifamily portfolio sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of a two-property, 518-unit multifamily portfolio in Middletown, Connecticut.
“Located between Hartford and New Haven, Middletown draws residents from employment centers in...
$77.5 million financing secured for Philadelphia multihousing development
JLL Capital Markets announced that it has arranged $77.5 million in construction financing for a 279-unit, seven-story, luxury multihousing development with 8,449 square feet of ground-floor retail, located in the Northern Liberties neighborhood of...
Institutional Property Advisors closes multifamily asset sale in Dallas-Fort Worth
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Canopy at South Lakes, a 240-unit apartment property in Denton, Texas.
“Denton’s population grew 3.4 percent in the past year and...
The Kanner Group completes $11.55 million sale of The Glendon Apartments, a 27-unit trophy...
Matthew Kanner, Executive Managing Director of Keller Williams Commercial & President of The Kanner Group, is pleased to announce the completion of the $11,550,000 sale of The Glendon Apartments, a 27-unit apartment building located at...
The Mogharebi Group brokers $28.5 million sale of 284-unit senior-living community in California’s Inland...
The Mogharebi Group (TMG) has arranged the sale of Wildomar Senior, a 284-unit senior leisure housing community in Southern California’s Inland Empire. TMG represented the seller Craig Thralls, who developed the property in 2000,...
Sunrise Management adds The Warwick to San Diego portfolio
Following the $37.4 million sale of the luxury multifamily community The Warwick—a newly renovated Class A project in San Diego’s vibrant Hillcrest neighborhood—San Diego-based Sunrise Management has taken over its day-to-day management. Previously a...
The Multifamily Group transacts 89 units in Oklahoma City
The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced this week that it had facilitated the sale of Pelican Hill Apartments, an 89 unit garden-style multifamily asset located in Oklahoma City.
Managing...
Cushman & Wakefield arranges $24 million sale of Lexington Park in Cobb County’s Northwest...
Cushman & Wakefield announced that the commercial real estate services firm arranged the $24 million sale of Lexington Park, a 156-unit multifamily property located in Smyrna, Georgia.
Cushman & Wakefield’s Travis Presnell, Nathan Swenson, and...
Interra Realty brokers $5.8 million sale of mixed-use apartment building in Chicago’s Ravenswood Neighborhood
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of a 27-unit multifamily property in Chicago’s Ravenswood neighborhood. The building sold for $5.846 million, equating to $216,518 per...
Marcus & Millichap brokers three-property multifamily portfolio sale in Dallas-Fort Worth
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a three-property, 782-unit multifamily portfolio located in Arlington, Grand Prairie, and...
Standard Communities completes its largest acquisition, bringing 3,200 affordable units into its portfolio
Standard Communities, a major national affordable housing developer and investor, has acquired controlling interest in an affordable housing portfolio of nearly 3,200 units in Florida and Georgia. The transaction is Standard’s largest acquisition.
Standard will...
