Thursday, May 30, 2024

Deal boom

Apartment deals, mergers and acquisitions

Walters Group builds Cornerstone At Stafford construction underway on 100 premium income-restricted apartment homes...

Walters Group has begun construction of Cornerstone At Stafford, consisting of 100 income-restricted apartments for seniors (55+). The community, located at 120 Campbell Blvd., Manahawkin, is part of the large-scale Stafford Park redevelopment accessible...

$64.35 million buys suburban Phoenix luxury multifamily asset

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Velaire at Aspera, a 286-unit core multifamily asset in Glendale, Arizona. The property sold for $64.35 million, which equates to...

Three-property seniors housing portfolio sold by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of the Clarity Pointe Portfolio, a three-property, 174-unit, 175-bed seniors housing portfolio. The properties are in Knoxville, Tennessee, and Fayetteville and...

Pathfinder Partners acquires eighth Denver-area multifamily community

Pathfinder Partners, a San Diego-based firm specializing in value-add real estate investments, has announced the $18.3 million acquisition of Verona Park Apartments – an 119-unit multifamily community located in the Denver metro area at...

$29.2 million buys two West Virginia multifamily assets

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of two multifamily assets with a total of 409 units in...

George Smith Partners secures $22.3 million in financing for ground-up workforce housing development in...

George Smith Partners, one of the nation’s leading commercial real estate capital advisors, has successfully secured $22.3 million in financing for the ground-up development of a 51-unit workforce multifamily property with 3,350 square feet...

Waterton acquires 8-property multifamily portfolio in growth markets of Arizona, North Carolina, Texas, and...

Waterton, a national real estate investor and operator, today announced it acquired an institutional-quality portfolio comprised of eight multifamily properties with a total of 3,685 units located in growth markets across four states. The...

Gebroe-Hammer Associates arranges sale of Plainfield, NJ multifamily portfolio for the second time in...

Gebroe-Hammer Associates has arranged the sale of a four-building multifamily portfolio located on Park Avenue and East 7th Street in the heart of Plainfield, N.J. The $6.4 million transaction was finalized by Adam Zweibel,...

Two Los Angeles multifamily properties trade for $6.27 million

Transwestern today announces it has brokered the sale of two multifamily properties in Los Angeles. A nine-unit building at 11642 Kiowa Ave. in the Brentwood submarket traded for $4.25 million, and a seven-unit property...

Riverside Capital invests in comprehensive redevelopment of Los Angeles affordable housing

Riverside Capital, LLC, a leading provider of investment capital to high quality affordable housing developers, is pleased to announce it has provided $25.4 MM in Jordan Downs 1B, the second phase of the comprehensive...

Pathfinder Partners, Silvergate acquire former convent just east of San Diego; announce plans for...

Continuing its expansion in the San Diego market, local real estate investment group Pathfinder Partners, LLC has partnered with San Diego-based developer, Silvergate Development, LLC, to acquire Little Flower Haven – a 4.1 acre...

Spirit Bascom Ventures acquires Hoboken, NJ multifamily property for $17.65 million

Spirit Bascom Ventures, LLC, a partnership between Irvine, California based The Bascom Group, LLC, and Stamford, Connecticut based Spirit Investment Partners, LLC acquired 1024 Clinton Street in Hoboken, New Jersey for $17.65 million. Spirit...

George Berkow Inc. and Novare Group break ground on 32-acre Town Center Project in...

George Berkow Inc., Novare Group and Batson-Cook Development Company (BCDC) have officially broken ground on the residential component of a  $200 million mixed-use, town center development in Lawrenceville, Ga. Called “SouthLawn,” it will add more than 600 residences, more...

Transwestern brokers sale of 12 North Texas multifamily assets valued at $275 million

Transwestern today announces its Dallas-based Multifamily Investment Services group brokered the sales on 12 apartment communities in North Texas, totaling 3,200 units. Transwestern Managing Director Taylor Snoddy and Vice Presidents Philip Wiegand and James...

All-cash multifamily sale in San Diego’s Little Italy

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Villa Cusma, a 40-unit luxury apartment complex with one retail...
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