Thursday, May 9, 2024

Deal boom

Apartment deals, mergers and acquisitions

DCHFA finances the construction of assisted living community in Ward 8 –The Residences at...

Today the District of Columbia Housing Finance Agency (DCHFA) issues $50 million in bond financing for the construction of The Residences at Southern Avenue a 152 apartment assisted living community reserved for seniors age...
Hub at Metuchen

Class A mixed-use property in Metuchen, New Jersey, trades

JLL Capital Markets announced that it has completed the $29.6 million sale of The Hub at Metuchen, a Class A, transit-oriented mixed-use residential and retail property in Metuchen, Middlesex County, New Jersey. JLL marketed the...
453 S. Gramercy Place

14-unit multifamily building trades for record price per SF during safer-at-home order

Transwestern Real Estate Services (TRS) announces it has brokered the sale of 453 S. Gramercy Place, a newly renovated, 14-unit multifamily building in the Koreatown submarket of Los Angeles. Managing Directors Josh Kaplan and...
Alta Sergeant

Wood Partners Unveils Newest Luxury Community Alta Sergeant in Conroe near Houston

Wood Partners, a national leader in multifamily real estate development, announced the grand opening of its newest luxury residential community, Alta Sergeant. The property is located in Conroe, Texas, one of the fastest growing...
Lincoln Village

The REMM Group Twice Awarded Management of Lincoln Village Apartment Community

The REMM Group is pleased to announce that it has been awarded the management contract for Lincoln Village Apartment Community for the second time. "We are excited to return to Lincoln Village Apartment Homes and...

HFF announces sale of luxury apartment community in St. Charles, Illinois

Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Prairie Winds of St. Charles, a 250-home, luxury townhome-style apartment community in the Chicago suburb of St. Charles, Illinois. HFF marketed the property on behalf of...
Lullwater at Big Ridge

Capital Square 1031 acquires newly constructed multifamily community in Greater Chattanooga, Tennessee

Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings for 1031 exchange and other accredited investors, announced today the acquisition of Lullwater at Big Ridge, a 250-unit multifamily community in the...
NOVO

JLL arranges equity for multihousing project near Twin Cities

JLL Capital Markets announced that it has arranged equity for the development of NOVO, a 192-unit multihousing complex located in the Twin Cities’ suburb of Richfield, Minnesota. NOVO will consist of a five-story and three-story...
Townsend Square Apartments

FCP announces sale of Townsend Square apartments in Fredericksburg, Virginia

FCP announces the sale of Townsend Square Apartments in Fredericksburg, Virginia to Acento Partners. The 200-unit apartment community was acquired by FCP in May 2014. “Townsend Square received a number of improvements under FCP’s ownership, including...
Grand Avenue

Interra Brokers Sale of Trio of Buildings on Grand Avenue in the Chicago Suburb...

Interra Realty brokered the sale of three multifamily properties all near each other on Grand Avenue in River Grove, Illinois, a near western suburb of Chicago, to two separate ownership groups. A two-property, 12-unit portfolio...
Pembroke Pines

Providence One Partners and ANF Group Celebrate the Completion of Providence Living at Pembroke...

ANF Group, Inc., a full-service construction firm providing construction management, general contracting, development, and design-build services to the South Florida market, announced the successful completion of Providence Living at Pembroke Pines, a new assisted...
Watershed

New Evergreen Impact Housing Fund, GMD Development Project Watershed Brings 145 Affordable Housing Units...

The Evergreen Impact Housing Fund (EIHF) and GMD Development are pleased to announce the grand opening of the Watershed apartment community. The units are designed to be affordable to families earning 50-60% of King County's...
The Duo Apartments

Berkadia Arranges $21.5M Loan for Acquisition of The Duo Apartments Near University of Pugent...

Berkadia announced that it has secured financing for the acquisition of The Duo Apartments, a brand new 104-unit, Class A multifamily community located in University Place, a suburb of Tacoma, Washington. Director Michael Manolides and...
Brunsfield North Loop

Greystone provides $10.8 million in Fannie Mae DUS financing for Minneapolis multifamily acquisition

Greystone, a leading national commercial real estate lending, investment and advisory company, announced it has provided a $10.8 million Fannie Mae Delegated Underwriting and Servicing (DUS) loan for the purchase of Brunsfield North Loop,...
The Evergrove

Leon Capital Announces Pre-Leasing for The Evergrove Apartments in North Austin

Leon Multifamily is thrilled to announce pre-leasing for its newest highly anticipated luxury residential community The Evergrove exquisite apartment homes, located just north of Austin in Leander, Texas will begin this spring. "We are excited...
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