Institutional Property Advisors facilitates Tucson multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Metro Tucson, a 232-unit multifamily property in Tucson, Arizona. The asset sold for $38.5 million, which represents $165,948 per unit.
“Metro...
Davlyn Investments acquires second Las Vegas apartment community
Davlyn Investments, a prominent California-based, multifamily investment firm, recently closed escrow on the $65,500,000 purchase of Rancho Destino a 184-unit, luxury, multifamily community in Las Vegas, Nevada. The property, which has been re-branded Aviara,...
Berkadia arranges $45 million refinancing for 883-unit apartment community in Memphis, Tennessee
Berkadia announces it has arranged the $45 million recapitalization of Residences at Lakeview, an 827-unit apartment community in Memphis, Tenn. Senior Managing Director Mitch Sinberg, Managing Directors Brad Williamson, Matthew Robbins and Scott Wadler...
DB Capital acquires Fifth Salt Lake City multifamily community in the past two years
DB Capital Management (DB Capital) and equity partner Thrive FP has acquired Autumn Glen, a 100-unit apartment community in the Salt Lake City submarket of Taylorsville, Utah. It is DB Capital’s fifth purchase in...
Thayer Manca Residential adds property to growing New Mexico portfolio
Thayer Manca Residential (TMR) continues to expand its multifamily portfolio in Albuquerque, New Mexico. TMR has acquired The Village at Tierra Antigua, the fourth property acquired by TMR through its $88 million fund, TMR...
CBRE arranges $77 million sale of 305-unit historic renovated Mill Apartment Community in Haverhill,...
CBRE announced that it has arranged the $77 million sale of Hamel Mill Lofts, a 305-unit historic renovated mill apartment community located at 40 Locke Street in Haverhill, Massachusetts.
CBRE Capital Markets’ multi-housing experts Simon...
$17.4 million sale of multihousing community in Milwaukee
JLL Capital Markets announced that it has closed the $17.4 million sale of Freshwater Apartments, a 76-unit, mixed-use apartment building in the Harbor District on the eastern edge of Walker’s Point in downtown Milwaukee.
JLL...
Franklin Street arranges $34 million sale of value-add multifamily property on Florida’s East Coast
Franklin Street has arranged the sale of Paradise Cay Apartments, a 197-unit, 216,466-rentable-square-foot multifamily property in Melbourne, Florida, for $34 million, or $172, 588 per unit.
Franklin Street’s Tampa Multifamily Investment Sales Team of Darron...
The Hoffman Company brokers 18-acre parcel in Riverside, California, for mixed-use development
The Hoffman Company, recently brokered the sale of a 482-unit apartment project on approximately 18 acres, part of a larger 35-acre mixed-use development called The Exchange being developed by the seller, AFG Development LLC....
TruAmerica Multifamily acquires ~1,500 apartment units
In three separate transactions TruAmerica Multifamily has closed on five suburban apartment communities representing nearly 1,500 units. The assets are located in Orlando, Fla., Phoenix, Ariz. and Columbus, Ohio.
In the largest transaction, TruAmerica in...
JLL secures $585 million financing for mixed-use development in Boston
JLL’s Capital Markets group announced that it has arranged $585 million in construction financing for a mixed-use project consisting of 580,905 square feet of life sciences, retail and multihousing space in Boston, Massachusetts.
JLL worked...
Cushman & Wakefield arranges sale of Seleno at Bridge Street
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Seleno at Bridge Street, a 244-unit multifamily property located in Huntsville, Alabama.
Cushman & Wakefield’s Craig Hey and Andrew Brown...
Joint Venture of PCCP, LLC and Grand Peaks acquires newly developed two-property multifamily portfolio...
A joint venture of PCCP, LLC and Grand Peaks has acquired a two-property multifamily portfolio totaling 696 units—both of which completed construction earlier this year and are currently in the lease-up phase. The garden-style...
Odyssey Properties Group continues bullish Florida expansion with acquisition of two multifamily communities totaling...
Odyssey Properties Group, a multifamily investment sponsor and private equity real estate firm based in Los Angeles, has acquired two multifamily communities in Florida comprising a total of 304 units for $53 million.
The properties...
Decron Properties acquires 216-unit multifamily property in Phoenix Metro for $91 million
Decron Properties has acquired The Wyatt, a 216-unit garden-style apartment community in the Phoenix submarket of Gilbert, Arizona, for $91 million. It is the ninth acquisition for Decron in the Phoenix metro overall and...
