Saturday, September 7, 2024

Deal boom

Apartment deals, mergers and acquisitions

Peaks of Nanuet

JLL closes sale of The Peaks of Nanuet

JLL announced that it has closed the sale of The Peaks of Nanuet, a 504-unit apartment complex in the suburb of Nanuet, Rockland County, New York. JLL marketed the property exclusively on behalf of the...
Charter Landing

Savlan Capital completes $28m acquisition of Charter Landing Apartments in Jacksonville

Savlan Capital has acquired Charter Landing, a 332-unit value-add multifamily community with premier waterfront views on the St. Johns River in Duval County. The Hollywood, Florida-based real estate investment group purchased the property from Lichtman Nass Development Group,...
Augusta Apartments

JLL closes $98.1 million sale, financing of Seattle apartments

JLL announced today that it has closed the $98.1 million sale and arranged acquisition financing for Augusta Apartments, a 209-unit apartment community in Seattle, Washington. JLL marketed the property on behalf of the seller, Vulcan...
Bloom 24

Renovated Phoenix multifamily asset sold by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Bloom 24, a 114-unit multifamily complex in Phoenix. Highline Property Group (Highline), based in Denver, Colorado, purchased the property...
Orion

Luxury apartment building in Seattle’s South Lake Union neighborhood sold by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Orion, a 129-unit luxury apartment asset with more than 6,000 square feet of street-level retail space in the South...

JLL closes sale, financing of 3 student housing properties

JLL announced today that it has closed the $17.7 million sale and $12.95 million in acquisition financing for a three-property student housing portfolio totaling 294 beds steps from Missouri State University in Springfield, Missouri. JLL...
Advenir at Legado Ranch

JLL arranges financing for West Texas apartment complex

JLL announced today that it has arranged financing for Advenir at Legado Ranch, a 360-unit, garden-style apartment complex in the West Texas market of Odessa. JLL worked on behalf of the borrower, Advenir, LLC, to...

CBRE Multifamily Group sells Devonshire Place for $19,750,000

The CBRE Capital Markets team today announced the sale of Devonshire Place located at 50 Holy Family Road in Holyoke, Massachusetts, for $19,750,000. CBRE multi-housing experts Simon Butler and Biria St. John exclusively represented the...

CBRE Multifamily Group sells Bayside Village for $20,800,000

The CBRE Capital Markets team today announced the sale of Bayside Village located at 132 Marginal Way in Portland, Maine, for $20,800,000. CBRE multihousing experts Simon Butler and Biria St. John together with Dan Greenstein...
Oak Street Bungalows

Stepp Commercial completes $1.7 million sale of Oak Street Bungalows in Santa Monica, CA

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $1.7 million sale of Oak Street Bungalows, a five-unit apartment property located at 2444 Oak Street in Santa Monica,...
Linden Square Apartments

RISE Properties Trust and Aegon Real Assets US acquire Linden Square Apartments in North...

RISE Properties Trust (“RISE”) a Canadian real estate trust based in Seattle, and Aegon Real Assets US (“Aegon RA”), an indirect wholly owned subsidiary of Aegon N.V., a multinational life insurance, pensions and asset...
The Vue at Pinnacle Park

JLL completes $47.55M sale of The Vue at Pinnacle Park

JLL announced today that it has closed the $47.55 million sale of The Vue at Pinnacle Park, a 285-home, Class A apartment community located in Fitchburg, Wisconsin, a suburb to the south of Madison. JLL...
Appleton Square

CBRE Multifamily Group sells Appleton Square for $29.3 million

The CBRE Capital Markets team announced the sale of Appleton Square located at 171-176 East Street in Methuen, Massachusetts, for $29,300,000. CBRE multihousing experts Simon Butler and Biria St. John exclusively represented the seller, Appleton...

Gebroe-Hammer Associates arranges $154.3+ milion in Bergen/Passaic County, NJ sales

Long considered one of the highest-barrier-to-entry multifamily investment submarkets in the state, the Bergen/Passaic County apartment-property corridor continues to live up to its enduring reputation, according to Gebroe-Hammer Associates. While for-sale product remains scarce—and...
Champions Woods Apartments

JLL closes sale, financing of Northwest Houston apartments

JLL announced that it has closed the sale and arranged acquisition financing for Champions Woods Apartments, a 186-unit, garden-style multihousing community in Northwest Houston. JLL marketed the property exclusively on behalf of the seller, Venterra...
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