Wednesday, May 1, 2024

Deal boom

Apartment deals, mergers and acquisitions

Solis Cumming

Cushman & Wakefield arranges sale of Solis Cumming

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Solis Cumming, a 320-unit multifamily property in a suburb north of Atlanta, Georgia. Cushman & Wakefield’s Robert Stickel and Alex...
Parkwood Terrace

Institutional Property Advisors brokers multifamily sale outside of Austin

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Parkwood Terrace, a 144-unit, value-add asset in Round Rock, Texas. “This asset’s immediate submarket has the second highest occupancy in the...
1503 Fulton Ave

Trion Properties acquires 104-unit multifamily community in Sacramento, California for $23.6 million

Trion Properties, a multifamily investment sponsor and private equity real estate firm based in West Hollywood, California and Miami, Florida, announces the acquisition of 1503 Fulton Avenue, a 104-unit multifamily community located in Sacramento,...

Paramount Assets adds 560 Broad Street to its Newark portfolio downtown commercial property eyed...

Paramount Assets has added 560 Broad Street to its Newark property portfolio. Located between Lombardy and Fulton streets, the acquisition encompasses a 33,000-square-foot, four-story office building vacant at the time of sale, and an...
Home at Ashcroft

Lynd Opens Decorated Models for Home at Ashcroft, a New Build-to-Rent Community with 178...

Lynd, a national real estate development and property management firm, announced the opening of its two decorated models for Home at Ashcroft, a new build-to-rent (BTR) planned community at 137 Dorset Avenue in Oswego,...
Tree Farm Lofts

Civitas Announces Sale of Tree Farm Lofts Multifamily Development Project Near Aspen Colorado

Civitas Capital Group, a Dallas-based alternative investment manager offering niche opportunities in U.S. real estate, announced the firm has closed on a new multifamily development project, Tree Farm Lofts, near Aspen, Colorado. Notably, the development...
Covenant Gardens

Covenant Gardens Senior Apartments Affordable Housing Project Coming Soon to Southeastern Memphis

Christian Church Homes (CCH), in collaboration with New Covenant in Christ Ministries, Inc. (NCIC), is proud to announce the launch of the Covenant Gardens Senior Apartments project. This groundbreaking venture marks a significant stride...
Orion Residential

Real Estate Firm Marquette Companies Launches Strategic Alliance with Orion Residential

Marquette Companies, a national leader in multifamily development, investment and management, announces its strategic alliance with Deerfield, Illinois-based Orion Residential Advisors, (“Orion”) an integrated multifamily investment and operating firm active in multiple markets nationwide. “Bringing...

Interra Realty Brokers $13.7 million deconversion sale near Wrigley Field

Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the $13.7 million deconversion sale of 3264-70 N. Clark St., a mixed-use building in Chicago’s Lakeview neighborhood. The buyer, Chicago-based...
Millennium High Street

PCCP, LLC provides $70.7 million loan to Galium Capital for the acquisition of Millennium...

PCCP, LLC announced it has provided a $70.7 million senior loan to Galium Capital for the acquisition of Millennium High Street, a 340-unit Class A multifamily project with 26,304 square feet (sf) of ground...
Pelham Hall

CBRE Arranges $70M Sale of the 148-Unit Multifamily Community “Pelham Hall” in Brookline Massachusetts

CBRE announced the completion of the $70 million sale of Pelham Hall Apartments, a 148-unit luxury mid-rise apartment community located in the heart of Coolidge Corner in Brookline, Massachusetts. This residential community was acquired...

Dekel Capital arranges financing for development of multifamily community in South Gate, CA

Dekel Capital, on behalf of JPI, has arranged preferred equity and construction financing in excess of $80 million for the construction of Jefferson on Imperial, a 244-unit luxury multifamily community in South Gate, CA. Jefferson...
Peeples Valley

Macallan Group/McNeal Development and BCDC Commence Development on 97-Unit Townhome Community on Peeples Valley...

Macallan Group/McNeal Development and BCDC have closed on financing for their inaugural joint-venture project — a +/-19-acre townhome community located on Peeples Valley Road nestled in the heart of Cartersville, Georgia. Located on Peeples Valley...
Portola East Mesa

SB Real Estate Partners expands Phoenix portfolio

SB Real Estate Partners (SBREP) has acquired ReNew 3030, a Class B, 126-unit garden-style apartment community located in Mesa, Arizona, for $24.3 million. The property was renamed Portola East Mesa and will undergo a...
Sonata

Davlyn Investments acquires North Las Vegas apartment community

Davlyn Investments, a prominent California-based, multifamily investment firm, recently closed escrow on the $77,000,000 purchase of Sonata, a 312-unit, Class A, multifamily community in North Las Vegas, Nevada that was constructed in 2009. This...
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