Thursday, May 9, 2024

Deal boom

Apartment deals, mergers and acquisitions

Bell Partners acquires community in San Francisco Bay Area

Bell Partners Inc., one of the nation’s leading apartment investment and management companies, announced today that, on behalf of its Fund VI investors, it has acquired Maxwell, an 80 unit mid-rise community located in...

Alpha Wave Investors acquires 144-unit multifamily property in rapidly growing Las Vegas market

Alpha Wave Investors, a private equity investment firm specializing in opportunistic and value-add multifamily and hospitality assets in the Western U.S., has acquired Cypress Springs Apartments, a 144-unit multifamily community situated in the Centennial...

CBRE arranges sale of 410-unit Chatsworth Apartments in Atlanta’s central perimeter area

CBRE has facilitated the sale of Chatsworth, a 410-unit gated apartment community located along Atlanta’s top end perimeter, Interstate 285, at 4800 North Hill Parkway. Situated within the largest office market in Metro Atlanta,...

Stonebridge acquires 200-unit Marietta, GA apartment community for $23.5 million

StoneBridge Investments of Washington, DC has acquired Avia East Cobb, a 200-unit apartment community located in the affluent Atlanta suburb of Marietta, GA for $23.5 million. The seller, an entity controlled by Harbor Group...

McNair interests announces transformative mixed-use project in Houston’s Uptown District

Today McNair Interests, a private investment and management company, revealed plans to transform a vacant six-acre site in the heart of Houston’s Uptown District into a luxury mixed-use project. Centrally located at the intersection...

Sales Start This Summer for 22 Single-Family Rowhomes at Lexington Village in Chicago’s Avondale...

Lexington Homes, an active homebuilder throughout the city and suburbs, is bringing a new maintenance-free community of 22 single-family row-homes with fenced-in yards and private, detached two-car garages to the burgeoning Avondale neighborhood on...

Levin Johnston directs sale of transit-oriented multifamily property in downtown San Jose

Levin Johnston, a division of Marcus & Millichap and one of the top ten multifamily brokerage teams in the U.S., has directed the $12.5 million sale of First Street Manor, a 39-unit multifamily community...

One William launches in downtown Englewood with new luxury rental residences and modern amenities

Downtown Englewood, known for its burgeoning cultural, shopping and entertainment offerings and prime access to New York City, is getting a major residential upgrade with today’s launch of One William, a new luxury rental...

Tower 16 Capital Partners acquires 228-unit apartment community in Las Vegas

San Diego-based Tower 16 Capital Partners and Henley USA have partnered to launch Altura, a new brand of multifamily apartment communities in Las Vegas. The partnership made their first acquisition last month, a 228-unit...

Trez Forman Capital Group Closes $17.2 Million Loan to Fund New Residential Development in...

Florida-based Trez Forman Capital Group has completed a $17.24 million loan that will be used to fund the purchase of a 138-acre parcel in Hillsborough, North Carolina, just outside of Durham and Chapel Hill....

1,024 bed student housing asset sold by the Shin–Zylstra team of Marcus & Millichap

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Northpoint, a 154-unit, 1,024-bed student housing property located in Rexburg,...

Cambridge arranges $32.7 million HUD loan to refinance Zion Towers

Cambridge Realty Capital Companies reports funding a $32,750,000 HUD insured loan to purchase and moderately rehabilitate Zion Towers, a 211-unit affordable elderly housing complex located in Baltimore, MD. Jeffery A. Davis, Cambridge Chairman, said...

Passco Companies acquires 360-unit class a luxury multifamily community in Sarasota, Florida for $77.5...

Passco Companies, a privately-held California-based real estate company that specializes in the investment, acquisition, development and management of commercial properties throughout the U.S., has announced that it has acquired a Class A, institutional grade,...

CA Senior Living announces construction start on senior housing expansion in Suburban Seattle

CA Senior Living LLC, the senior housing investment and development division of Chicago-based CA Ventures, today announced construction is underway on an expansion that will nearly double the number of units at Quail Park...

$53 million North Seattle multifamily asset sold by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Origin Apartments, a seven-story, 153-unit multifamily asset in Seattle. The property sold for $53 million, which equates to $346,405 per...
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