Sunday, May 5, 2024

Deal boom

Apartment deals, mergers and acquisitions

Wood Partners announces grand opening of Alta Waterside

Wood Partners, a national leader in multifamily real estate development and acquisition, announced the grand opening of its new community—Alta Waterside—in Fort Worth, Texas. A one-of-a-kind residential community located at 3964 Watercourse Drive, Alta Waterside...

IPA closes Class A multifamily deal in West Valley for $58.5 million

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Remington Ranch, a 304-unit multifamily asset in the Phoenix metro area. The asset sold for $58.5 million, or $192,434...
Adams and Grand

Cityview and Townsend Group partner on $125 million Opportunity Zone project in Los Angeles

Cityview, a premier multifamily investment management and development firm, and an opportunity zone program managed by The Townsend Group, a leading provider of investment management and advisory services exclusively focused on real estate and...
TownCenter Park

Canadian REIT buys Portland-area multihousing community for $30 million

JLL Capital Markets announced that it has closed the $30 million sale of TownCenter Park, a 111-unit, 1990-built, garden-style multihousing community in Wilsonville, Oregon. JLL marketed the property on behalf of the seller, Curtis Capital...
Ashton at Richmond Hill

Multihousing community financed in suburban Savannah with $24 million loan

JLL Capital Markets announced that it has arranged a $24 million financing for Ashton at Richmond Hill, a 232-unit, garden-style, affordable apartment community in the Savannah, Georgia suburb of Richmond Hill. JLL worked on behalf...

Interra Realty Brokers $1.45 million deconversion sale in Oak Park, Ill.

Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the $1.45 million deconversion sale of 244-46 S. Marion St., a 10-unit building in Oak Park, Ill. The buyer intends...
Advenir at Legado Ranch

JLL arranges financing for West Texas apartment complex

JLL announced today that it has arranged financing for Advenir at Legado Ranch, a 360-unit, garden-style apartment complex in the West Texas market of Odessa. JLL worked on behalf of the borrower, Advenir, LLC, to...

Lynd Acquisitions Group closes on value-add multifamily portfolio in Texas in excess of $150...

Lynd Acquisitions Group (“LAG”), a San Antonio-based real estate investment firm, has acquired a portfolio of three garden-style apartment communities in Texas and paid in excess of $150 million. One property is in Houston...
The Marlin

Sunrise Management expands San Diego county presence

Expanding its hometown presence, San Diego-based Sunrise Management, which has specialized in managing multifamily properties since 1978, has added eight San Diego multifamily communities totaling 155 units to its portfolio. According to Sunrise CEO and...
Grand on Beach

Institutional Property Advisors closes Dallas-Fort Worth multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Grand on Beach, a 304-unit apartment complex in Haltom City, Texas. “The Haltom City-Meacham submarket continues to be one of...
River Gardens

Berkadia arranges $23 million sale of 218-unit multifamily community in Tampa

Berkadia announces it has arranged the $23 million sale of River Gardens, a 218-unit multifamily community in Tampa. Managing Director Jason Stanton of Berkadia’s Tampa office and Senior Managing Director Cole Whitaker of Berkadia’s...
Derby Oaks

Cushman & Wakefield arranges $75 million loan on behalf of Middleburg Communities

Cushman & Wakefield announced that the commercial real estate services firm has arranged a $75 million refinance loan on behalf of Middleburg Communities for a three-property apartment community portfolio totaling 1,154 units. Blake Cohen, Mike...
SW Ocala Portfolio

Marcus & Millichap arranges the sale of a 22-unit SW Ocala apartment 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 SW Ocala Portfolio, a 22-unit apartment portfolio located in...
Regency Hill Apartments

38-unit Regency Hill Apartments in Woodbury fetches $230,000 per unit

JLL Capital Markets announced it handled the $8.725 million sale of the 38-unit Regency Hill Apartments located in Woodbury, Minnesota, part of the Minneapolis-Saint Paul metropolitan area. JLL represented the seller, Bigos and Williams-Regency Hill,...
310 W 8th Street

Stepp Commercial completes $3.175 million sale of a 10-unit apartment property in Willmore City...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $3.175 million sale of a 10-unit apartment property located at 310 West 8th Street within the Willmore City Historic...
Yield PRO