Thursday, May 2, 2024

Deal boom

Apartment deals, mergers and acquisitions

Heron Estates Senior

Housing Trust Group completes new affordable senior housing community in Palm Beach County

Housing Trust Group (HTG), one of the nation’s most prolific developers of affordable housing, announces the completion of Heron Estates Senior, a new 101-unit, $24 million affordable housing community for seniors in the City...
SW by CLG

Gantry Secures Permanent Loan for the Recently Completed SW by CLG in Los Angeles

Gantry secured a $25.4-million permanent loan to retire construction financing for the recently completed SW by CLG in Los Angeles. Principal Andy Bratt and associate Sean Kuang with Gantry’s Irvine production office represented the borrower,...
Cambridge Street

Agent PHL Brokers Multifamily Investment Sale on Cambridge Street in Philadelphia

On behalf of The Seller, Agent PHL has formally announced the sale and settlement of 1710 Cambridge Street in Philadelphia, Pennsylvania. The investment sale was brokered by Ryan McManus, principal of Agent PHL at...
Deer Creek Village

Institutional Property Advisors brokers $49.5 million multifamily asset sale in North Phoenix

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Deer Creek Village, a 308-unit multifamily complex in North Phoenix. The $49.5 million sales price represents $160,714 per unit. “Thoughtfully...
Crossroads Apartments

Institutional Property Advisors Brokers Sale and Arranges Financing for Crossroads Apartments in Suburban Salt...

Institutional Property Advisors, a division of Marcus & Millichap, announced the sale and financing of Crossroads Apartments, a 240-unit multifamily asset in West Valley City, Utah. “The Salt Lake City metro area continues to grow its...
Old Dixie Portfolio

Marcus & Millichap arranges the sale of a 43,255-square foot mixed-use building in Lady...

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Old Dixie Portfolio, a 30-unit rental townhome community and 7,500-square...
6336 North Magnolia Avenue

Marcus & Millichap arranges the sale of a 4-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 6336 North Magnolia Avenue, a 4-unit apartment property located in Chicago,...

Marcus & Millichap closes $53.4 million three-property Inland Empire multifamily sale

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a three-property multifamily portfolio in the Inland Empire region of Southern...
Sorelle Apartments

Tower 16 Capital Partners acquires a 330-unit multifamily property in the Inland Empire for...

San Diego-based Tower 16 Capital Partners has acquired Sorelle Apartments, a 330-unit multifamily property located in Moreno Valley, Calif., for $85 million. The Sorelle Apartments project was built in 1986 and was acquired from...
Hangar at Thunderbird

Decron Acquires Class A Multifamily Community Hangar at Thunderbird in Phoenix for $69M

Decron Properties has acquired Hangar at Thunderbird, a 266-unit gated luxury multifamily community located in Glendale, Arizona for $69 million. Decron acquired Hangar at Thunderbird for $260,000 a unit, far below the average cost of...
Stepping Stone Apartments

The Multifamily Group Completes the Sale of 80-unit Stepping Stone Apartments in San Antonio

The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced the facilitation of the B-Class Stepping Stone Apartments sale in San Antonio. Paul Yazbeck represented the seller, a trusted local owner with...
Revival on Thomas

Marcus & Millichap sells Phoenix multifamily asset for $21 million

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Revival on Thomas, a 155-unit apartment complex in Phoenix. The...
Sunrise Apartments

Marcus & Millichap arranges the sale of a 44-unit apartment building in Saint...

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Sunrise Apartments, a 44-unit apartment property located in Saint Petersburg,...
Vantage Point

Mogharebi Group Secures $16.5M for Sale of Bakersfield California Vantage Point Apartment Community

The Mogharebi Group (TMG) has arranged the $16.5 million sale of Vantage Point Apartments, a 144-unit multifamily community in Bakersfield, California. Senior Vice President Mark Bonas represented the buyer, a Central Valley-based investor, in...
Park Place Apartments

Next Wave bolsters Pacific Northwest portfolio with acquisition of 65-unit multifamily community in Spokane...

Next Wave Investors, LLC (Next Wave), a private equity firm focused on value-add multifamily investments, has acquired Park Place Apartments, a 65-unit community in the Spokane submarket of Spokane Valley, Washington in an off-market...
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