Wednesday, May 15, 2024

Deal boom

Apartment deals, mergers and acquisitions

Fore Property announces opening of The Revere in Portland, Oregon

Fore Property (‘Fore’), one of the country’s top 20 largest multifamily developers, today announced the formal opening of The Revere. An urban infill development located at 3309 N. Mississippi Street, The Revere offers an...
Olympus at Ross

Institutional Property Advisors closes luxury multifamily asset sale in Dallas

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Olympus at Ross, a luxury 368-unit multifamily complex in Dallas, Texas. “Olympus at Ross is a stabilized asset located in the...
Oasis at Sarasota

Newmark Knight Frank Multifamily brokers sale and financing of luxury apartment in Sarasota

Newmark Knight Frank Multifamily announces the sale and financing of Oasis at Sarasota, a 324-unit, community located near Downtown Sarasota, University Town Center Mall and minutes from award winning beaches. The property was 92...
Cabana on 12th

Central Phoenix apartment complex sale brokered by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Cabana on 12th, a 252-unit multifamily asset in Phoenix, Arizona. The property sold for $54.5 million, which represents $216,270 per...
Gaar Scott Historic Lofts

Historic Minneapolis multihousing community sells to national investor

JLL Capital Markets announced that it has closed the sale and arranged the acquisition financing of Gaar Scott Historic Lofts, located in the North Loop neighborhood of Minneapolis, Minnesota. JLL represented the seller, Gaar Scott...

Market Square Tower is over 90 percent leased

Market Square Tower, Houston’s tallest residential high-rise, has leased up in record time, and is now over 90 percent leased. Market Square Tower, nestled in the heart of downtown Houston, is within easy walking...
The Moderne

Institutional Property Advisors negotiates $260 million multifamily asset sale in Scottsdale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Moderne, a 369-unit mid-rise multifamily asset in Scottsdale, Arizona developed by JLB Partners. The $260 million sales price equates...
Riverland Apartments

Berkadia arranges sale of new luxury apartments in Fort Lauderdale

Berkadia announces it has arranged the sale of Riverland Apartments, a brand new, 276-unit garden-style luxury apartment community located in Fort Lauderdale, Fla. Senior Managing Directors Roberto Pesant and Jaret Turkell, along with Associate...

Trez Capital closes construction loans totaling $12.1 million for two townhome rental communities in...

Trez Capital announced the closing of construction loans for Lotus Company’s two townhome communities, Foxridge and Whisperwood, in Ogden, Utah. The two loans, totaling $12.1 million, are part of Trez’s first financing agreement with Lotus...
Timberline Apartments

GFI Realty Services arranges $9.375 million sale of 307 unit garden apartment complex in...

GFI Realty Services, LLC announced the $9.375-million sale of Timberline Apartments aka 5900 Kinkead Avenue, a 307-unit garden apartment complex, located in Fort Smith, Arkansas. GFI Realty Associate Director Ohad Babo and Associate Eli...
Obsidian - Portola Glendale

Berkadia-arranged programmatic partnership delivers more than $100 million in equity toward SB Real Estate...

Over the past 12 months, a programmatic partnership arranged by Berkadia has now delivered more than $100 million in equity towards SB Real Estate Partners’ (SBREP) multifamily expansion throughout the Southwest. On August 25,...
Sagebrush Apartments

The Michaels Organization Hosts Ribbon Cutting for New Affordable Multifamily Community Sagebrush Apartments in...

Fort Lupton Mayor Zo Hubbard yesterday joined executives from The Michaels Organization, the Colorado Housing and Finance Agency, and the Colorado Department of Local Affairs, as well as Fort Lupton residents to celebrate the...

Levin Johnston directs $16.8 million multifamily acquisition in Palo Alto, California

Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has directed the $16.8 million acquisition of a multifamily...
Peaks at Redington

Institutional Property Advisors closes $53.9 million Tucson apartment asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Peaks at Redington, a 301-unit multifamily asset in Tucson, Arizona. The $53.9 million sales price represents $179,070 per unit. “Peaks at...

Stepp Commercial completes $2.1 million sale of an 8-unit apartment property in prime Alamitos...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.1 million sale of an 8-unit apartment property located at 1010 E. 2nd Street in the prime Alamitos Beach...
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