Monday, April 29, 2024

Deal boom

Apartment deals, mergers and acquisitions

Manhattan Avenue Senior Apartments

Governor Hochul Announces Completed Expansion of 70-Unit Manhattan Avenue Senior Apartments Development in Westchester...

Governor Kathy Hochul announced the completion of the 70-unit Manhattan Avenue Senior Apartments in the town of Greenburgh, Westchester County. “The transformation of the Manhattan Avenue Senior Apartments will help seniors access safe, secure, and...
Lake Country Lofts

$20 million apartment asset in the Okanagan Valley region of British Columbia sold by...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Lake Country Lofts, a 71-unit apartment property in Lake Country, British Columbia. The property sold for $20 million, which equates...
Savannah Oaks

Northwest San Antonio apartment asset sold by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Savannah Oaks, a 332-unit multifamily asset in San Antonio, Texas. “Northwest San Antonio has some of the city’s best demographics...
Parc Roundtree Ranch

Institutional Property Advisors negotiates $88.8 million multifamily sale in West Valley in Greater Phoenix

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Parc Roundtree Ranch, a 275-unit, newly constructed multifamily asset in Peoria, Arizona. The property sold for $88.8 million, or $322,909 per...
Parc Midtown

Midtown Phoenix multifamily asset sold by Institutional Property Advisors for $78.5 million

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Parc Midtown, a 306-unit apartment complex in Phoenix, Arizona. The $78.5 million sales price equates to $256,536 per unit. “Influenced by...
Indigo Springs

Institutional Property Advisors completes $56.4 million apartment asset sale in the Southeast Valley of...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Indigo Springs, a 240-unit multifamily asset in Mesa, Arizona. The property sold for $56.4 million, or $235,000 per unit. “The Southeast...
The Daley at Shady Grove

JLL arranges $62 million loan for The Daley at Shady Grove

JLL Capital Markets announces it has arranged $62 million in financing for The Daley at Shady Grove, a 333-unit multihousing community with nearly 15,000 square feet of ground-floor retail located in Rockville, Maryland. JLL worked...
West Line Village Apartments

West Line Village Apartments development receives $42.5 million loan

JLL Capital Markets announced that it has arranged the $42.5 million construction loan for the development of West Line Village Apartments, a 281-unit, Class A multihousing community in the Denver suburb of Lakewood, Colorado. JLL...
Riverstone Apartment Homes

Cushman & Wakefield closes $51 million sale on behalf of Mesa Capital Partners

Cushman & Wakefield has arranged the $51 million sale of Riverstone Apartment Homes, a 328-unit community located in Augusta, Georgia. Taylor Bird, Robert Stickel and Nelson Abels of Cushman & Wakefield represented the seller,...
Clearwater at The Heights

Clearwater Living Announces Their Acquisition and Rebranding of Assisted Living Facility Clearwater at The...

Clearwater Living®, a real estate and property management company dedicated to the ownership, operation and development of high-quality senior living communities, announced the acquisition of The Watermark at Houston Heights, a 220-unit, luxury assisted...
REVA

ANF Group Celebrates Topping Out of REVA in Fort Myers Florida

ANF Group, a full-service construction firm providing construction management, general contracting, development, and design-build services to the South Florida market, celebrates the topping out of REVA, a 255-unit gated luxury multifamily community located on...
Bay Vista at Meadow Park

Avanath Capital Management expands multifamily footprint in Northern California with the acquisition of affordable...

Avanath Capital Management, LLC, a private real estate investment manager, announces the acquisition of the Novato Portfolio, comprising two LIHTC rental apartment properties in the Bay Area submarket of Novato, California, for $131.5 million. Purchased...
Westridge Gardens

Westridge Gardens refinanced with agency loan

JLL Capital Markets announced that it has arranged refinancing for Westridge Gardens, a 136-unit multihousing property in Phoenixville, Pennsylvania. JLL worked on behalf of the borrower, an affiliate of Relative Properties, LLC, to secure the...
920 Everett Street

Newly Renovated Multifamily Property at 920 Everett Street in the Victor Heights Area of...

VF Developments, LLC has leased up 920 Everett Street, a 2000s built modern style multifamily property after completing major renovations. The community is located in the highly desirable Victor Heights neighborhood in Los Angeles,...
Cedar Grove

Trion Properties augments East Bay holdings with acquisition of 61-unit multifamily community in San...

Trion Properties, a private equity real estate firm that specializes in multifamily investments in western markets, has expanded its East Bay portfolio with the acquisition of Cedar Grove, a 61-unit multifamily community located in...
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