Friday, May 3, 2024

Deal boom

Apartment deals, mergers and acquisitions

Ridgecrest Park Apartments

Cushman & Wakefield represents Eastern Property Real Estate Group in $25.1 million sale of...

Cushman & Wakefield has arranged the sale of Ridgecrest Park Apartments, a 275-unit, garden-style multifamily asset in Daytona Beach. The property sold for $25.1 million and presents significant value-add potential. Executive Managing Director Mike Donaldson...
Sunrise Apartments

Marcus & Millichap arranges the sale of a 44-unit apartment building in Saint...

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Sunrise Apartments, a 44-unit apartment property located in Saint Petersburg,...
Royal Firs Apartments

Mesa West Capital provides loans totaling $109.8 million to fund acquisition of Denver industrial...

Mesa West Capital has provided the acquisition financing for a two-property multifamily portfolio in the Seattle-Tacoma metro and a 345,000-square-foot industrial complex in Denver, CO and, in separate transactions totaling $109.8 million. Mesa West Capital...

Pathway to Living acquires 118-unit The Sheridan At Windermere seniors living community in Windermere,...

Pathway to Living, a Chicago-based developer, owner and operator of seniors housing communities and the seniors housing arm of Chicago-based real estate investor and operator Waterton, has acquired The Sheridan at Windermere, a 118-unit...
Dawson LB

Stepp Commercial completes $2.1 million acquisition of a 12-unit apartment property in Long Beach,...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.1 million acquisition of a 12-unit, value-add apartment property located at 1135 Dawson Avenue in Long Beach, CA. Robert Stepp...
The Morgan

Transwestern Investment Group sells 464-unit community in Dallas-Fort Worth

Transwestern Investment Group and S2 Capital LLC today announce the sale of The Morgan, a 464-unit multifamily community. Denver-based PaulsCorp LLC (Pauls) acquired the property at 1611 Oak Creek Lane in Bedford, Texas. “We acquired The...
Country Club Garden Apartments

CBRE sells Country Club Garden Apartments to The Hamilton Company for $59.5 million

CBRE announced the sale of Country Club Garden Apartments located at 57 Mill Street in Woburn, Massachusetts, for $59,550,000. CBRE Capital Markets’ multihousing experts Simon Butler and Biria St. John exclusively represented the seller, Ninety Three...
Village View

Housing Trust Group breaks ground on new affordable senior apartments in Fort Lauderdale’s Flagler...

Housing Trust Group (HTG), one of the nation’s largest developers of affordable housing, has closed on financing and will be breaking ground at the end of January on its newest affordable housing development in Florida:...

Marcus & Millichap arranges the sale of Bentley Pines Apartments, a 112-unit apartment building...

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Bentley Pines Apartments, a 112-unit apartment property located in Lakeland,...
Green Leaf Arrowhead Ranch

Institutional Property Advisors sells Northwest Valley of the Sun Multifamily Asset

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Green Leaf Arrowhead Ranch, a 256-unit multifamily asset in Glendale, Arizona. “Located in the Northwest Valley’s most coveted master-planned community,...
Ravenswood Senior Living

Evergreen Real Estate Group and Chicago Housing Authority break ground on pioneering affordable senior...

Evergreen Real Estate Group announced the start of construction on Ravenswood Senior Living, a 193-unit affordable rental community at 4515 N. Winchester Ave. in Chicago’s Ravenswood neighborhood. Evergreen representatives joined 47th Ward Ald. Matt Martin and...
Village at Willow Lakes

Cushman & Wakefield arranges $5.97 million sale for DLP Real Estate Capital

Cushman & Wakefield has arranged the $5.97 million sale of Village at Willow Lakes, a 95-unit apartment community located in Spartanburg, South Carolina. Jordan McCarley, Watson Bryant and Tai Cohen of Cushman & Wakefield...

Sonesta on University Apartments sell for $43.6 million

CBRE has arranged the sale of the 212-unit multifamily community Sonesta on University on behalf of Knightvest Residential to Western Wealth Capital (WWC) and its investor partners for $43.6 million. CBRE’s Tyler Anderson, Sean Cunningham,...
Parc Midtown

Midtown Phoenix multifamily asset sold by Institutional Property Advisors for $78.5 million

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Parc Midtown, a 306-unit apartment complex in Phoenix, Arizona. The $78.5 million sales price equates to $256,536 per unit. “Influenced by...
Fountains of the Bayou

Newly launched value-add multifamily investment firm, Newport Real Estate Partners, LLC, completes first property...

Co-founders and principals Matt Wilson and Jack Franco of Newport Real Estate Partners, LLC, a newly launched real estate firm based in Houston that is focused on the acquisition and repositioning of value-add multifamily...
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