Sunday, April 28, 2024

Deal boom

Apartment deals, mergers and acquisitions

Sterling Pointe

Ridge Capital Investors joint venture acquires apartment property in suburban Sacramento, CA

Ridge Capital Investors, LLC and Contrarian Capital Management, LLC have acquired a 250-unit, suburban Sacramento, CA apartment community for $33 million. Sterling Pointe, located at 2237 and 2257 Hurley Way is a Class B apartment...

Timberland Partners announces purchase of Sullivan Square, Bentonville, AR, 535 units and Parkway Lakeside,...

Minneapolis based Timberland Partners is pleased to announce the acquisitions of Sullivan Square, located in Bentonville, Arkansas and Parkway Lakeside, located in O’Fallon, Illinois. Founded in 1992, the company now owns and manages 71...
Legacy Haywood

Cushman & Wakefield arranges sale on behalf of Daniel Corporation

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Legacy Haywood, a 244-unit apartment community located in Greenville, South Carolina. Tai Cohen, Jordan McCarley and Marc Robinson of...
612 Sheridan Road

Interra Realty brokers $10.3 million sale of Vintage Evanston, Ill. apartment building

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of a 43-unit multifamily property in Evanston, Ill. The vintage courtyard building, located at 612 Sheridan Road, traded for...
The Willow

Capitalization secured for The Willow, a new multihousing project in Dallas, Texas

JLL Capital Markets announced it closed on the capitalization of The Willow, a 190-unit multihousing development located in the rapidly growing Deep Ellum micromarket of Dallas, Texas, on behalf of the developer, Larkspur Capital...
The Galaxy Apartments

The Kanner Group completes $15.525 million sale of The Galaxy Apartments, a 95-unit multifamily...

Matthew Kanner, President of The Kanner Group of KW Commercial, is pleased to announce he has completed the $15.525 million sale of The Galaxy Apartments, a 95-unit multifamily property located at 835 W. Rosecrans...
Woodrow Apartments

Record sale of multihousing community in North Dakota closes for $19 million

JLL Capital Markets announced that it has closed the $19 million sale of Woodrow Apartments, a 97-unit apartment complex located in Fargo, North Dakota. JLL marketed the property on behalf of local Fargo-based seller, Kilbourne...
Integra Sunrise Parc Apartments

Cushman & Wakefield negotiates $67 million sale of Integra Sunrise Parc Apartments

Cushman & Wakefield has negotiated the sale of Integra Sunrise Parc Apartments, a new 300-unit luxury multifamily community in Osceola County. Jay Ballard, Ken Delvillar, Michael Mulkern and Robert Given of Cushman & Wakefield’s Florida Multifamily Team represented a development partnership of Panther...
Terrace Court

Cushman & Wakefield arranges $5.25 million sale on behalf of TCA LLC

Cushman & Wakefield announced that the commercial real estate services firm has arranged the $5.25 million sale of Terrace Court, a 40-unit apartment community located in Birmingham, Alabama. Craig Hey and Jimmy Adams of Cushman...
Mira Exterior (credit LCP 360)

Cityview sells Los Angeles Opportunity Zone project to Virtu Investments, LLC for $70.5 million

Cityview, a premier urban multifamily investment management and development firm, today announced the sale of Mira, a 174-unit multifamily community in the San Fernando Valley Region of Los Angeles. An opportunity zone deal, Cityview...
Cabana 99th

Institutional Property Advisors closes $93.5 million multifamily asset sale in Greater Phoenix

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Cabana 99th, a 286-unit attainable housing asset in Glendale, Arizona. The $93.5 million sale price represents $326,923 per unit. “The abundant...
The Ridge

Fourth Avenue Capital Acquires The Ridge Apartments in Vancouver Washington within the Portland MSA

Fourth Avenue Capital purchased The Ridge, a Class-B multifamily property located in Vancouver, Washington in an off-market transaction. Fourth Avenue Capital now owns 18 assets across its portfolio, including three other properties in the Portland MSA. Vancouver...

Colliers International brokers sale of 140-unit multifamily community in Hampton

The Colliers International Mid-Atlantic Multifamily Advisory Group represented the seller in the sale of Heritage at Settlers Landing, a 140-unit urban mid-rise multifamily development in Hampton. The community at 553 Settlers Landing Road was built...
San Antonio Sales

Institutional Property Advisors brokered four Class A multifamily asset sales in San Antonio for...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of four multifamily properties totaling 1,267 units in San Antonio, Texas in the first quarter of 2021. The assets sold for...

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...
Yield PRO