Tuesday, May 20, 2025

Deal boom

Apartment deals, mergers and acquisitions

The Kent House

Prophet Capital sells $88 million note on The Kent House in Williamsburg to Invictus...

JLL Capital Markets announced that it has arranged the sale of an $88 million non-performing loan secured by The Kent House, a new mixed-use building with 96 multihousing units and 31,000 square feet of...
Cordillera Luxury Condominiums

ABI Multifamily brokers 84 of 272 total unit Northeast Phoenix luxury condominium community for...

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $18 million / $214,286 Per Unit / $186.78 Per SF sale of Cordillera Luxury Condominiums,...
The Vistas of Port Jefferson

Marcus & Millichap brokers $118 million multifamily asset sale in Long Island

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Vistas of Port Jefferson, a 244-unit, age 55-plus multifamily property...
Estates at Bee Cave

Newmark announces the sale of 316-unit, luxury multifamily property in Austin’s Hill Country

Newmark announces the sale of Estates at Bee Cave, a 316-unit luxury multifamily asset in suburban Austin. The property is located at 3544 South FM 620 Road in Texas’ Hill Country. Newmark Vice Chairman...
Lenox Grand Crossing

The Praedium Group acquires Lenox Grand Crossing in Houston, Texas

The Praedium Group, a national real estate investment firm, has acquired Lenox Grand Crossing, a newly constructed 330-unit multifamily asset located in Katy, Texas in the Houston MSA. Peter Calatozzo, Principal at The Praedium...
The Sovereign

West Shore acquires asset in Fort Worth, Texas

West Shore LLC, a multifamily real estate investment firm, continues to expand with the acquisition of The Sovereign, a luxury apartment community in Fort Worth, Texas. This is West Shore’s fifth acquisition in Texas,...
Portola at Papago

SB Real Estate Partners expands its burgeoning portfolio in Greater Phoenix

SB Real Estate Partners (SBREP) has acquired East 3434 Apartments, a Class B, 128-unit garden-style apartment community located in Phoenix, Ariz., for $27.5 million. The property has been renamed Portola at Papago, and SBREP...
Novella at Arcadia

Institutional Property Advisors brokers sale of Arizona’s preeminent build-to-rent (BTR) Assets

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of two apartment assets in Phoenix, Arizona. They are 51-unit Novella at Biltmore and 36-unit Novella at Arcadia. “Both assets are boutique,...
The Place at Presidio Trails

MC Companies completes $72.7 million in refinancing for Arizona, Oklahoma multifamily assets

Full-service multifamily investment, management and development firm MC Companies has secured more than $72.7 million through the refinance of four Class A and B multifamily properties in Arizona and Oklahoma. The capital will be...
Cornell Apartments

ABI Multifamily brokers 51-unit multifamily apartment community for $11 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $11,019,000 / $216,059 Per Unit / $203.40 Per SF sale of Cornell Apartments, a 51-unit...
Brookview Apartments

Marcus & Millichap arranges the sale of a 96-unit apartment building

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services, announced the sale of Brookview Apartments, a 96-unit apartment property located in Peoria, Illinois, according...
Vesta Creeks Run

Middleburg Communities acquires 353-unit Peppertree Apartments in North Charleston, South Carolina for $37.1 million

Middleburg Communities (Middleburg), a Vienna, Virginia-based real estate investment, development and management firm, announces the acquisition of Peppertree Apartments, soon to be rebranded Vesta Creeks Run, in North Charleston, South Carolina for $37.1 million....
Art District Flats

Trez Capital closes $30 million+ bridge loan on newly opened mixed-use development in Denver’s...

Trez Capital announced the closing of a bridge loan in excess of $30 million to Denver-based CRE Development Investments, led by Leon Cisneros for the lease-up and stabilization of Art District Flats, a new mixed-use...
Lago Paradiso at the Hammocks

Miami area multihousing community trades

JLL Capital Markets announced that it has closed the sale of Lago Paradiso at the Hammocks, a 424-unit, garden-style multihousing community in the suburban neighborhood of Kendall in Miami-Dade, Florida. JLL marketed the property on...
Estates at Canyon Ridge

TruAmerica Multifamily expands Texas footprint to San Antonio with acquisition of 270-unit apartment community...

TruAmerica Multifamily has grown its Texas portfolio to nearly 1,500 apartments in less than nine months with its first acquisition in San Antonio, the 270-unit The Estates at Canyon Ridge for $46.7 million. The Estates...
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