asd
Friday, July 26, 2024

Deal boom

Apartment deals, mergers and acquisitions

HFF secures $45.756M financing for PARC3400 in Davie, Florida

Holliday Fenoglio Fowler, L.P. (HFF) announces it has secured $45.756 million in financing for PARC3400, a 260-unit, Class A multihousing property in Davie, Florida. HFF worked on behalf of Park Partners Residential, a joint venture...

Cushman & Wakefield arranges $20.35m sale of South Texas senior living campus

Cushman & Wakefield has negotiated the sale of Mirador, an upscale, 228-unit continuing care retirement community in South Texas. The Tampa, Florida-based Cushman & Wakefield Senior Housing team of Allen McMurtry, Paul Carr and David Kliewer represented an affiliate of Addison, Texas-based Senior...

TruAmerica acquires $97 million apartment communities in Las Vegas and Atlanta

TruAmerica Multifamily (in partnership with an institutional partner) has acquired a two-property, 608-unit apartment portfolio of assets in the Las Vegas and Atlanta metros in an off-market transaction valued at $96.8 million. TruAmerica in joint...

HFF secures $191.8M financing for Bryant Street development in Washington, D.C.

Holliday Fenoglio Fowler, L.P. (HFF) announces it has secured joint venture equity and construction financing totaling $191.8 million for the development of Phase I of Bryant Street, a mixed-use, transit-oriented development in northeast Washington,...

Intracorp starts construction on 321-residence apartment building in Little Saigon

Prominent North American developer, Intracorp, announced today that it is preparing to begin construction on a brand-new, 321-residence apartment building within Seattle’s Little Saigon neighborhood. Located at South Jackson Street and 12th Avenue, the demolition...

Pathway to Living completes renovation of senior housing community Azpira Place of Breton in...

Pathway to Living, a Chicago-based developer, owner and operator of senior living communities, today announced it has completed $2.1 million in capital improvements at Azpira Place of Breton, an 81-unit assisted living and memory...

Red Mortgage Capital closes $60 million SBL portfolio in Union City, NJ

RED Mortgage Capital, the lending arm of ORIX Real Estate Capital, LLC, announces the closing of a $60 million, 18 property portfolio in Union City, N.J. through the Freddie Mac OptigoSM Small Balance Loan...

Thorofare Capital provides $53.5 million to refinance CT multifamily portfolio

Thorofare Capital has provided $53.5 million in senior debt to refinance a two-property, 198-unit multifamily portfolio in Norwalk, CT. The financing is secured by two Class-A apartment communities developed in 2016 by the sponsor, a...

Construction is underway at Clarus Glen Ridge luxury rental community

Clarus Glen Ridge, the luxury rental community in the historic Borough of Glen Ridge, is now under construction, developer JMF Properties announced today. Located on Baldwin Avenue, just a short walk from downtown Montclair and steps...

Colliers International brokers sale of 294-unit multifamily community in Richmond for $45.6 million

The Colliers International East Region Multifamily Advisory Group represented the seller in the sale of Hickory Creek Apartments for $45,600,000. The community was built in 1984 and includes 294 apartments. Hickory Creek is strategically located...

Pura Vida Hialeah breaks ground

Is Hialeah the next Brooklyn? According to City of Hialeah Mayor Carlos Hernandez it may just be, and a transformative new mixed-use project, Pura Vida Hialeah, is paving the way. Miami-based Coral Rock Development Group...

CPC Mortgage Company LLC delivers $9.6 million FHA loan to refinance two rent stabilized...

CPC Mortgage Company LLC, a subsidiary of the Community Preservation Corporation (CPC), announced the closing of a $9.6 million Federal Housing Administration (FHA) loan to refinance two rent stabilized, multifamily properties in Manhattan’s East...

Development of new vibrant mixed-use community moving forward for Chattanooga’s Riverfront District

Today The Beach Company announced the acquisition of 2.79 acres of land in downtown Chattanooga’s popular Riverfront district. The site, which is located just two blocks from the Tennessee River and the Walnut Street...

Wood Partners announces groundbreaking on new Fort Worth property, Alta Champions Circle

Wood Partners, a national leader in multifamily real estate development and acquisition, announced earlier today the groundbreaking for its new community—Alta Champions Circle—in Fort Worth, Texas. Alta Champions Circle is a multifamily community that features...

Trez Forman funds $8 million value-add acquisition loan for 106-unit apartment community in Jacksonville

A real estate investor has secured an $8.1 million loan from Trez Forman Capital to help acquire and renovate a 106-unit waterfront apartment community in Jacksonville’s south side.  Built in 1972, the Beauclerc Bay...
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