Wednesday, May 15, 2024

Deal boom

Apartment deals, mergers and acquisitions

Brunsfield North Loop

Greystone provides $10.8 million in Fannie Mae DUS financing for Minneapolis multifamily acquisition

Greystone, a leading national commercial real estate lending, investment and advisory company, announced it has provided a $10.8 million Fannie Mae Delegated Underwriting and Servicing (DUS) loan for the purchase of Brunsfield North Loop,...
Alta Westinghouse Townhomes

Wood Partners Breaks Ground on Alta Westinghouse Townhomes Near Austin Texas

Wood Partners, a national multifamily real estate development leader, proudly announces that construction is underway at Alta Westinghouse Townhomes in the Austin MSA. Located at 3225 Westinghouse Road, between the major arteries of IH-30 and...
Mark-Taylor

Multifamily Developer Mark-Taylor Companies Unveils New Consulting Division with Expanded Services

Mark-Taylor Companies, a leading luxury multifamily developer, owner and manager in Arizona and Nevada, is proud to announce the official launch of Mark-Taylor Consulting (MTC), its third division of business. Initiated in 2021, MTC...
Willoughby Corner

FirstBank Announces $55M in Financing for Affordable Housing Development Willoughby Corner Near Denver

FirstBank, one of the nation’s largest privately held banks with a focus on “banking for good,” has financed over $500 million in affordable housing since 2020. Recently FirstBank financed $55 million in loans for...
Axis at The Rim

Institutional Property Advisors finalize Northwest San Antonio apartment asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Axis at The Rim, a 308-unit apartment property in The Rim, a master-planned, mixed-use development in the Forest Crest neighborhood...
LH3 Portfolio

Institutional Property Advisors closes three-property multifamily portfolio sale in North Dallas

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of the LH3 Portfolio; three multifamily properties located in Richardson and Dallas, Texas. The assets in Richardson are Belterra, 314 units...
Viridian

Pacific Urban Investors Expands Denver Portfolio with Acquisition of Viridian Apartment Community in Greenwood...

Multifamily owner-operator and investment manager Pacific Urban Investors has acquired Viridian, a 420-unit apartment community in Greenwood Village, Colorado. Viridian is located in the Denver Tech Center, adjacent to thousands of high paying technology, financial...
Serena Vista

San Diego County multifamily asset sold by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Serena Vista, a 110-unit multifamily asset in the San Diego submarket of La Mesa, California. The property sold for...
Aspen Village Apartments

Next Wave completes value-add program, sells 90-unit apartment community in the Salt Lake City...

Next Wave Investors, LLC (Next Wave) a private equity firm focused on value-add multifamily investments, has sold Aspen Village Apartments, a 90-unit apartment community in West Valley City, Utah to a local buyer. Next Wave,...
The Summit on Thomas apartments

100-unit Summit on Thomas Apartments in Phoenix sell for $21 million

The Summit on Thomas apartments in Phoenix have been sold to Cowabunga, LLC for $21 million. Cowabunga is a private capital family office focused on the acquisition of urban infill sustainable communities throughout Phoenix....
Mount Vernon Flats

Pacific Urban Investors Enters Atlanta Market with Acquisition of Mount Vernon Flats at The...

Multifamily owner-operator and investment manager Pacific Urban Investors has entered the Atlanta market acquiring their first property in the MSA, Mount Vernon Flats at The Perimeter, totaling 412 units with a total consideration of...
Paseo Park

Transwestern Investment Group sells 480-unit garden-style apartment community in Phoenix market

Transwestern Investment Group (TIG), along with its partner, Knightvest Capital, announce the sale of Paseo Park, a 35-building garden-style apartment community at 5205 W. Thunderbird Road in Glendale, Arizona. The multifamily asset comprises 480...
The Couture

MidHudson provides $24.5 million in preferred equity for trophy 322-unit Couture tower in Milwaukee

MidHudson LLC has invested $24.5 million in preferred equity for the development of The Couture, a $191 million, 44-story, 322-unit apartment tower that connects the Milwaukee lakefront with downtown through public plazas and pedestrian...
Ariel Springs

Beachwold Residential secures first supplemental loan for Ariel Springs

JLL Capital Markets announced it secured a $15.85 million financing for Ariel Springs, a garden-style, multihousing property located in Spring Hill, Florida, about 50 miles north of Downtown Tampa. JLL represented the borrower, Beachwold Residential,...
FOURTH AND LAUREL

Wilshire Quinn Issues $16.5M Loan on Newly Constructed FOURTH AND LAUREL in San Diego...

Wilshire Quinn Capital announced that its private lending fund, the Wilshire Quinn Income Fund, has provided a $16,500,000 refinance loan for FOURTH AND LAUREL, a brand-new luxury 36-unit multifamily property in San Diego, California. FOURTH...
Yield PRO