Monday, May 20, 2024

Deal boom

Apartment deals, mergers and acquisitions

The Lodge at Mallard's Landing

Northmarq Secures $35M Refinance of 147-unit Senior Living Community The Lodge at Mallard’s Landing...

Stuart Oswald, senior vice president/managing director of Northmarq’s Seattle office arranged the $35 million refinance of The Lodge at Mallard's Landing. The Lodge at Mallard's Landing is a 147-unit private pay independent living, assisted living...
Sky Ancala Apartments

ABI Multifamily brokers $100+ million, 330-unit, North Scottsdale luxury apartment community

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $104,500,000 / $316,667 Per Unit / $400.24 Per SF sale of Sky Ancala Apartments in...

Pathfinder Partners acquires value-add multifamily community in desirable Sacramento suburb

Pathfinder Partners, a San Diego-based firm specializing in value-add multifamily real estate investments, announced the $28,825,000 acquisition of Rosemont Park – a 170-unit apartment community near the center of downtown Rosemont at 9190 Schmuckley...

Marcus & Millichap arranges sale of an 18-unit apartment building in Chicago

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of an 18-unit apartment property located in Chicago, according to David...
Solomon

Endeavor Unveils Mueller’s Newest Luxury Apartment Community Solomon in Austin Texas

Endeavor Real Estate Group is pleased to announce that its newest apartment community, Solomon, is opening and welcoming residents this month. "Solomon has a high-end feel with market-leading finishes and amenities that residents will love,"...
Jasper

Cityview completes 296-unit opportunity zone project near Downtown Los Angeles

Cityview, a premier multifamily investment management and development firm, has completed Jasper—a 296-unit opportunity zone project located less than two miles from downtown Los Angeles and adjacent to the University of Southern California. The highly...

Interra Realty brokers $3.84 million sale of 4-building multifamily portfolio near O’Hare International Airport

Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the $3.84 million sale of a four-building, 27-unit portfolio that includes assets on Chicago’s Far Northwest Side and in the...
Saratoga Apartments

Southeast Valley multifamily asset sale negotiated by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Saratoga Apartments, a 286-unit multifamily asset in Mesa, Arizona. The property sold for $35,175,000, which represents $122,990 per unit. “Mesa’s strategic...
Samo Apartments Portfolio

Gortikov Capital arranges $141.4 million recapitalization for affordable multifamily portfolio in Santa Monica, California

Gortikov Capital announced that it has arranged a $141.4 million recapitalization of the Samo Apartments Portfolio, an 11-property, 399-unit affordable multifamily residential portfolio located in Santa Monica, California. The recapitalization included a $127.6 million...
Northshore Place

Luxury multifamily asset sale brokered by Marcus & Millichap in South Texas

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Northshore Place, a 224-unit multifamily property in Portland, Texas. “Portland is the...
LB Portfolio

Stepp Commercial completes $41.85 million sale of a 17-property apartment portfolio in Long Beach,...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has the completed the $41.85 million sale of an apartment property portfolio in Long Beach, Calif. The deal consisted of 17 properties...

Vista’s Breeze Hill multifamily community now complete

Construction is now complete on Breeze Hill Apartments—a fully amenitized 88-unit luxury multifamily community in Vista, Calif.—with San Diego-based Sunrise Management overseeing all marketing/branding, leasing and day-to-day operations. The rental community, owned and developed...

Trumark Homes introduces company’s first-ever age-qualified community

Trumark Homes, a national award-winning California homebuilder, announced the debut of the model homes for Origin at The Collective, the homebuilder’s inaugural age-qualified 55+ community. Origin is one of three distinct neighborhoods within The...
Windrift

Institutional Property Advisors Brokers Orlando Florida Apartment Asset Sale

 Institutional Property Advisors, a division of Marcus & Millichap, announced today the sale of Windrift, a 288-unit multifamily property in Orlando, Florida. “Orlando’s diverse and extensive employment market has contributed significantly to the city’s strong...

Wood Partners announces grand opening of Valentina by Alta in San Diego, California

Wood Partners, a national leader in multifamily real estate development, announced today the grand opening of its newest luxury residential community—Valentina by Alta—in San Diego, California. Located at 1919 Pacific Highway, the new community is...
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