Las Vegas developer expands into Texas with 152-unit property acquisition
Camino Verde Group, a Las Vegas-based real estate investment and development firm, recently acquired the Antigua Village Apartments, soon to be rebranded as Apex Apartments, in Fort Worth, Texas. The acquisition was represented by...
Invictus, L3C acquire multifamily asset in Nashville’s Metrocenter submarket for $93.6 million
Newmark announces the $93.6 million sale and $69 million financing of Apex Glassworks, a 282-unit, recently constructed multifamily community located in Metrocenter, a fast-growing infill submarket in the heart of Nashville. The property traded from...
The Jacobson Company sells 177-unit multifamily community in Kent, Washington for $52 million
The Jacobson Company, a leading private real estate investment and management company, has sold CityZen Commons, a 177-unit multifamily property in Kent, Washington, the fourth-largest municipality in greater Seattle, for $52 million. The firm initially...
Newmark announces sale of 408-unit, value-add multifamily community in Northeast San Antonio
Newmark announces the sale of ReNew at TPC, a 408-unit, value-add multifamily asset located in northeast San Antonio, Texas. The property traded from FPA Multifamily—a San Francisco-headquartered, privately held multifamily investment firm—to DB Capital...
The Dermot Company purchases The Addison in Downtown Brooklyn
JLL Capital Markets has closed the sale of The Addison, a two-building, 271-unit luxury apartment rental property with three ground-floor retail spaces located at 225 Schermerhorn Street in Downtown Brooklyn, New York.
JLL marketed the...
Cushman & Wakefield arranges sale of Hilltop Apartments at Daytona
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Hilltop Apartments at Daytona, a 128-unit apartment community located at 464 Brentwood Dr.
Mike Donaldson and Nick Meoli of Cushman...
ZMR Capital enters Las Vegas market with $38.5 million acquisition of multifamily community
ZMR Capital has acquired Sunridge, a 216-unit multifamily community in Las Vegas, for $38.5 million, marking the Florida-based multifamily investment firm’s entry into the Southern Nevada real estate market.
“The Las Vegas rental market continues...
Avanath Capital Management expands Southern California footprint with acquisition of a 44-unit family-oriented multifamily...
Avanath Capital Management, LLC, a multifamily owner and operator that focuses on market rate and affordable housing, announces its recent acquisition of Yorba Linda Palms (The Palms), a 44-unit family-oriented multifamily community in Yorba...
IMG announces South Carolina portfolio expansion
Investors Management Group, Inc. (IMG) has expanded its South Carolina multifamily portfolio with the acquisition of The Whitley Apartments in the city of Central. Over the past year, IMG has sponsored the acquisition of...
Portland smart-home startup IOTAS sells to security giant ADT
Home security company ADT has purchased Portland startup IOTAS, whose technology adapts smart-home features for apartments buildings.
IOTAS’ technology enables renters to control lights, thermostats, locks and other wireless features. Such automation is common in...
Interra Realty brokers $28 million multifamily sale on Chicago’s North Side
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $28 million off-market sale of 944-54 W. Grace St., an 80-unit rental community in Chicago’s Lakeview neighborhood, about a block...
Tower 16 Capital Partners announces the sale of Loramont on Thomas Apartments in Phoenix,...
Tower 16 Capital Partners has sold Loramont on Thomas Apartments, a 180-unit multifamily project in Phoenix, Arizona for $32.1 million. The property was purchased by Tower 16 in December 2019 for $11.7 Million in...
RXR secures $105 million from Rialto Capital Management to refinance Westchester apartment building
JLL Capital Markets announced that it has arranged $105 million in refinancing for RXR Realty’s 360 Huguenot, a 280-unit high-rise apartment building with ground-floor retail in downtown New Rochelle.
JLL worked on behalf of RXR...
FCP and VaultCap Partners acquire Huntington Meadows Apartments in Austin, Texas
FCP and VaultCap Partners (VaultCap) announce the acquisition of Huntington Meadows apartments, a 200-unit multifamily property at 7000 Decker Lane in Austin, Texas. Huntington Meadows is the first acquisition in Austin for both FCP...
Institutional Property Advisors brokers multifamily asset sale in Mesa
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Talise, a 388-unit multifamily property in Mesa, Arizona. The asset traded for an undisclosed price.
“Mesa’s favorable cost of living and...
