Friday, May 3, 2024

Deal boom

Apartment deals, mergers and acquisitions

Waterside

JLL selected to market Waterside development opportunity

JLL Capital Markets, on behalf of Indianapolis-based Ambrose Property Group, is offering for sale Waterside, a 91-acre, shovel-ready, urban development opportunity located within a Qualified Opportunity Zone along the White River waterfront in downtown...
Parc Marin

Record-breaking Northern California multifamily sale brokered by Marcus & Millichap

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Parc Marin, a 32-unit boutique rental community in Corte Madera,...
4325 Franklin Avenue

Universe Holdings assembling $65 million Southern California multifamily portfolio

Universe Holdings has acquired a 17-unit apartment building in Los Angeles’ Los Feliz neighborhood, the first asset in a $65 million, 249-unit Southern California multifamily portfolio, expected to close within the next 30 days. Built...
Haven at Louetta

Newport Real Estate Partners, LLC acquires Haven at Louetta, a multifamily property within Houston...

Houston-based Newport Real Estate Partners, LLC, a real estate firm that is focused on the acquisition and repositioning of value-add multifamily properties, has acquired Haven at Louetta, a multifamily asset located in Spring, TX,...
Cedar Grove

Trion Properties augments East Bay holdings with acquisition of 61-unit multifamily community in San...

Trion Properties, a private equity real estate firm that specializes in multifamily investments in western markets, has expanded its East Bay portfolio with the acquisition of Cedar Grove, a 61-unit multifamily community located in...
Village West

JLL closes sale of Indiana student housing community

JLL Capital Markets announced that it has closed the sale of Village West, a recently renovated, 1,134-bed student housing community serving students of Purdue University in West Lafayette, Indiana. JLL marketed the portfolio exclusively on...
Country Village Apartments

Greystone Bel sells 84-unit Durand, MI apartment building

Greystone Bel recently closed the sale of Country Village Apartments, an 84-unit garden-style multifamily property in Durand, Michigan. Austin Hull of the Greystone Bel Real Estate Advisors investment sales team represented both the buyer and...
West Line Village Apartments

West Line Village Apartments development receives $42.5 million loan

JLL Capital Markets announced that it has arranged the $42.5 million construction loan for the development of West Line Village Apartments, a 281-unit, Class A multihousing community in the Denver suburb of Lakewood, Colorado. JLL...
Aperture

Luxury San Francisco peninsula apartment sold by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, has announced the sale of Aperture, an 83-unit luxury multifamily community with approximately 6,600 square feet of retail space. Aperture is in San Bruno,...
Roystone

JLL arranges $30 million construction loan for Seattle multihousing project

JLL Capital Markets announced that it has arranged $30 million for the development of Roystone, a 93-unit, boutique multihousing project with ground-floor retail in Seattle’s desirable Lower Queen Anne neighborhood. JLL worked on behalf of...
Deer Creek Village

Institutional Property Advisors brokers $49.5 million multifamily asset sale in North Phoenix

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Deer Creek Village, a 308-unit multifamily complex in North Phoenix. The $49.5 million sales price represents $160,714 per unit. “Thoughtfully...
Crest at Las Colinas Station

Draper and Kramer expands Texas multifamily portfolio with acquisition of 374-unit Crest at Las...

Draper and Kramer, Incorporated, a national real estate services firm, today announced it has expanded its Texas multifamily portfolio with the acquisition of Crest at Las Colinas Station, a 374-unit luxury rental community in...
Mountain Park Ranch Apartments

Greater Phoenix apartment asset sold by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Mountain Park Ranch Apartments, a 240-unit multifamily asset in the Ahwatukee Foothills Village of Phoenix, Arizona. “Mountain Park has a...
Strayhorse Arrowhead Ranch

Institutional Property Advisors brokers $31.2 million Glendale apartment asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Strayhorse Arrowhead Ranch, a 136-unit boutique multifamily community in Glendale, Arizona. The property sold for $31.2 million, or $229,412...
Chapel View Apartments

Magma Equities builds research triangle multifamily portfolio with $26 million acquisition of 224-unit apartment...

Multifamily investment firm Magma Equities in joint partnership with Henley Investments has closed on its second apartment acquisition in the Raleigh, NC metro in the past three months, with the $26 million off-market purchase...
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