Tuesday, April 30, 2024

Deal boom

Apartment deals, mergers and acquisitions

Interra Realty brokers sale that achieves highest price per unit in a decade in...

Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the sale of 4740-48 S. Greenwood Ave., a four-story, 31-unit rental community in Chicago’s Kenwood neighborhood. The asset sold for...
Joseph at Huebner

Newmark arranges sale of 192-unit North Central San Antonio multifamily community

Newmark announces the sale of The Joseph at Huebner, a 192-unit value-add multifamily community located in North Central San Antonio, Texas. The property traded from a strategic partnership between RSN Property Group and Wildhorn Capital,...
Country Oaks

Institutional Property Advisors brokers two-property multifamily portfolio sale in North-Central Utah

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of a two-property, 282-unit multifamily portfolio in Clearfield, Utah. The properties are Oakstone Apartments, a 210-unit property built in 1998 and...
Bell Stoughton

CBRE arranges sale of Bell Stoughton

CBRE announced that it has arranged the sale of Bell Stoughton, a Class A multifamily community located at 400 Technology Center Drive in Stoughton, MA. CBRE Capital Markets’ multihousing experts Simon Butler, Biria St. John...
Westridge Gardens

Westridge Gardens refinanced with agency loan

JLL Capital Markets announced that it has arranged refinancing for Westridge Gardens, a 136-unit multihousing property in Phoenixville, Pennsylvania. JLL worked on behalf of the borrower, an affiliate of Relative Properties, LLC, to secure the...
Preserve at Sunnyside

Apartments in sought-after Portland submarket purchased for $28.2 million

JLL Capital Markets announced it closed the $28.2 million sale of the Preserve at Sunnyside, a 108-unit value-add multihousing community located in the sought-after Clacakamas submarket of Portland, Oregon. JLL marketed the property exclusively on...
Sycamore Hills Village

Institutional Property Advisors closes $59.5 million San Diego County multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Sycamore Hills Village, 155-unit multifamily asset in Vista, California. The property sold for $59.5 million, or $383,870 per unit. “The acquisition...
Bentley House

Institutional Property Advisors completes Eastside Seattle luxury apartment asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Bentley House, a condo-quality apartment property in Issaquah, Washington. “Seattle’s Eastside is experiencing the largest job growth in the region with...
The Huntley

Next Wave expands Pacific Northwest portfolio; Acquires two multifamily communities totaling 110 units in...

Next Wave Investors, LLC (Next Wave), a private equity firm focused on value-add multifamily investments, has acquired two multifamily assets in the Portland metro submarket of Beaverton, Oregon for a total of $30.5 million:...

$47.2 million buys seven-property Tennessee-Kentucky multifamily portfolio

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of the Tennessee-Kentucky Multifamily Portfolio, a seven-property apartment portfolio located in...

CPC closes $100 million Freddie Mac SBL portfolio in New York City

The Community Preservation Corporation (CPC), a Freddie Mac Seller/Servicer and leading nonprofit housing and community revitalization finance company, announced the closing of a $100 million portfolio under the Freddie Mac Small Balance Loan (SBL)...

69-Unit assisted living and memory care facility sale brokered by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Northshore Heights LLC, formerly Northshore Senior Living, a 69-unit assisted living and memory care facility in Knoxville, Tennessee. IPA...

SVA Architects joins development team and Governor Ige for Phase II groundbreaking of Kulana...

On August 28, 2019, SVA Architects, Inc. will join Governor Ige and the development team of Kulana Hale to commemorate the Phase II groundbreaking of the affordable, mixed-use project. The three-acre, $130 million Kulana...
Sunset Apartments

Sunrise multifamily asset sold by Marcus & Millichap

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Sunset Apartments, a 54-unit apartment property located in Sunrise, Florida, according...
Third Thyme

$11.75 million financing secured for an affordable multihousing community in L.A.

JLL Capital Markets announced that it has secured $11.75 million in forward permanent financing for Third Thyme, a 104-unit, affordable multihousing community in Los Angeles, California. JLL worked on behalf of the borrower, West Hollywood...
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