Thursday, April 25, 2024

Deal boom

Apartment deals, mergers and acquisitions

Oasis at Sarasota

Newmark Knight Frank Multifamily brokers sale and financing of luxury apartment in Sarasota

Newmark Knight Frank Multifamily announces the sale and financing of Oasis at Sarasota, a 324-unit, community located near Downtown Sarasota, University Town Center Mall and minutes from award winning beaches. The property was 92...
Sterling Pointe

Ridge Capital Investors joint venture acquires apartment property in suburban Sacramento, CA

Ridge Capital Investors, LLC and Contrarian Capital Management, LLC have acquired a 250-unit, suburban Sacramento, CA apartment community for $33 million. Sterling Pointe, located at 2237 and 2257 Hurley Way is a Class B apartment...
Beacon at Buffalo Pointe

JLL closes sale of Houston apartment community

JLL Capital Markets announced today that it has closed the sale of The Beacon at Buffalo Pointe, a recently completed, 281-unit, Class A+ apartment community near the Texas Medical Center. JLL marketed the property exclusively...
Jefferson Landmark

JPI sells award-winning Jefferson Landmark to Beachwold Residential

JPI announced today the sale of Jefferson Landmark, a 324-unit luxury award-winning community, to Beachwold Residential. Recognized as the “Best Architectural Design: Multifamily” in 2019 by the Dallas Builders Association, Jefferson Landmark is located in...
The Winnwood

Tenth Street Ventures purchases The Winnwood with plans to restore historic glory of Midtown...

Tenth Street Ventures along with partners Braden Fellman Group have purchased The Winnwood, an 89-year-old apartment building at 1460 West Peachtree Street in Midtown Atlanta, Ga. They are applying for historic designation for the...
Kallisto at Bear Creek

Gelt, Inc. acquires Kallisto at Bear Creek, a 472-unit apartment property in Lakewood, CO,...

Gelt, Inc., a Los Angeles-based real estate investment and asset management firm, is pleased to announce it has significantly expanded its Denver region apartment portfolio with the $145.5 million acquisition of Kallisto at Bear...
Broadstone Ayrsley

Alliance Residential Company acquires 15 acres for Broadstone Ayrsley

Alliance Residential, one of the largest multifamily developers in the nation, has closed on the acquisition of nearly 15 acres located at 2215 Silver Crescent Dr. in Charlotte, North Carolina for the development of...

PCCP, LLC provides $100.6 million senior loan for the development of a 380-unit multifamily...

PCCP, LLC announced that it has provided a $100.6 million senior loan to a joint venture of Woodfield Investments and Argosy Real Estate Partners for the development of Morrison Yard, a 380-unit multifamily community...

JLL arranges financing for Katy multihousing community

JLL Capital Markets announced today that it has arranged acquisition financing for a multihousing community located in the Houston-area suburb of Katy, Texas. JLL worked exclusively on behalf of Hilltop Residential to arrange the four-year,...
Vegas Towers - Waterton

Waterton acquires 456-unit Vegas Towers apartment building in supply-constrained Las Vegas rental market

Waterton, a national real estate investor and operator, today announced it has acquired Vegas Towers at 1061 E. Flamingo Rd., less than two miles east of the Las Vegas Strip and adjacent to the...
Circa Central Avenue

Pillar Communities acquires multifamily development for $57.5 million

Hunt Companies, Inc., Tilton Development Company, Civitas Capital Group and Ryan Companies US, Inc., announce the sale of Circa Central Avenue, a multifamily development in downtown Phoenix. Private Portfolio Group, LLC, purchased the six-story...
7500 S. South Shore

Kiser Group brokers record-breaking $18.4 million South Shore apartment portfolio

Kiser Group, Chicago’s leading multifamily brokerage firm, recently brokered 7500 S. South Shore, 6916 S. Clyde and 7038 S. Chappel as a 208-unit apartment portfolio. The apartments sold for $18,400,000 and are located in...
Mansfield Multihousing Property

JLL arranges financing for Mansfield, Texas, apartments

JLL Capital Markets announced today that it has arranged acquisition financing for a multihousing community located in the Fort Worth suburb of Mansfield, Texas. JLL worked exclusively on behalf of Hilltop Residential to arrange the...

Pathfinder Partners acquires value-add multifamily community in Phoenix submarket

Pathfinder Partners, a San Diego-based firm specializing in multifamily real estate investments, has announced the $8.4 million acquisition of Park Paloma—a 60-unit apartment community just south of the Lower Arcadia neighborhood at 2930 North...
nVe at Fairfax

Luxury West Hollywood apartment building sold by Institutional Property Advisors for $36 million

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of nVe at Fairfax, a luxury boutique multifamily building in Los Angeles. The asset sold for $36 million, which equates to...
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