Marcus & Millichap negotiates metroplex multifamily sale
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Pleasant Creek, a 159-unit apartment complex in Lancaster, Texas.
“Dallas-Fort Worth has...
Universe Holdings acquires $53.370 million multifamily property in California’s Inland Empire
Universe Holdings has acquired the Stonegate Apartments (Stonegate), a 160-unit multifamily community in Southern California’s Inland Empire city of Riverside, in an off-market transaction worth $53.370 million.
Built in 1987, Stonegate offers a mix of...
RADCO acquires Gibson Reynoldstown Apartments in Atlanta, property rebranded as Gibson by Radius
The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate investors and owner-operators, has acquired Gibson Reynoldstown Apartments, a newly constructed 205-unit mid-rise multifamily property in the Reynoldstown neighborhood of Atlanta, a...
Capital Square acquires two-property multifamily portfolio in Asheville, North Carolina for DST Offering
Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and a developer of mixed-use multifamily communities, today announced the acquisition of Asheville NC Apartment Portfolio, a two-property multifamily portfolio comprised...
Standard Communities leads public-private partnership acquiring 148 unit mixed income community in Chicago
Standard Communities, a major national affordable housing developer and investor, led a public-private partnership that acquired Lake Park Crescent Apartments, a 148-unit mixed income community in Chicago.
The total capitalization of the transaction is approximately...
Berkadia-arranged programmatic partnership delivers more than $100 million in equity toward SB Real Estate...
Over the past 12 months, a programmatic partnership arranged by Berkadia has now delivered more than $100 million in equity towards SB Real Estate Partners’ (SBREP) multifamily expansion throughout the Southwest. On August 25,...
Sale of student housing community at the University of Mississippi closes
JLL Capital Markets announced that it has closed the sale of the 816-bed / 300-unit The Connection at Oxford located on the campus of the University of Mississippi.
JLL worked on behalf of the seller,...
Thompson Thrift announces sale of Watermark at Grand Central Park near Houston
Thompson Thrift, a full-service nationally recognized real estate company, announced the sale of Watermark at Grand Central Park, a 288-unit Class A multifamily community in the Houston suburb of Conroe. San Diego-based CEG Multifamily...
Berkadia arranges sale and financing of build-for-rent community in Broward County
Berkadia announces it has arranged the sale and financing of Stellar at Palm Aire, a new build-for-rent community consisting of 39 townhomes located in the center of the Palm Aire Country Club in Pompano...
ABI Multifamily brokers 199-unit Southeast Tucson multifamily apartment community for $37 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $37,000,000 / $185,930 Per Unit / $205.20 Per SF sale of Commons on Stella Apartment...
Value-add multihousing community in Wisconsin sells for $40.8 million
JLL Capital Markets announced that it has closed the $40.8 million sale and arranged the $29.81 million acquisition financing for Stonewood Village, a 272-home, value-add, garden-style multihousing community in Madison, Wisconsin.
JLL represented the seller, Stonewood...
Institutional Property Advisors brokers Inland Empire multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Stonegate Apartments, a 160-unit multifamily asset in Riverside, California.
“With average rents in the Riverside submarket projected to grow 7.9 percent...
Berkadia arranges $55.5 million of equity and secures programmatic joint venture partner for development...
Berkadia announces it has sourced both a joint venture partner and a preferred equity provider for developer Moderne to build two new multifamily communities in Phoenix totaling 358 units: The Governor and Moderne Arrowhead.
Cody...
JLL arranges sale of prime residential development site west of Brickell
JLL Capital Markets announced that it has closed the sale of CoralGrove Brickell, a 0.53-acre, residential development site planned for 85 units, located between Brickell and Coral Gables in Miami, Florida.
JLL marketed the property...
Trion Properties repositions and recapitalizes two multifamily communities totaling 373 units in Greater Portland,...
Trion Properties, a multifamily investment sponsor and private equity real estate firm based in West Hollywood, California and Miami, Florida, has recapitalized a multifamily portfolio in the greater metropolitan area of Portland, Oregon, in...
