Saturday, May 18, 2024

Deal boom

Apartment deals, mergers and acquisitions

Palencia Apartment Homes

Magma Equities boosts Dallas/Ft. Worth MF holdings to 1,259 units with fourth acquisition in...

Magma Equities (Magma), in a joint venture with funds managed by Franklin Templeton, has acquired Palencia Apartment Homes, a 281-unit apartment community in north Dallas, its fourth multifamily investment in the Dallas/Ft. Worth metro...
Mira Exterior (credit LCP 360)

Cityview sells Los Angeles Opportunity Zone project to Virtu Investments, LLC for $70.5 million

Cityview, a premier urban multifamily investment management and development firm, today announced the sale of Mira, a 174-unit multifamily community in the San Fernando Valley Region of Los Angeles. An opportunity zone deal, Cityview...
1800 W Glencrest Ave

CBRE completes $12.12 million sale of two multifamily apartment communities in Orange County, Calif.,...

CBRE announced the sale of two multifamily apartment communities totaling 38 units and $12.12 million in Orange County, Calif., in the completion of a 1031 exchange.   CBRE’s Executive Vice President Dan Blackwell, First Vice...
Alta Westinghouse Townhomes

Wood Partners Breaks Ground on Alta Westinghouse Townhomes Near Austin Texas

Wood Partners, a national multifamily real estate development leader, proudly announces that construction is underway at Alta Westinghouse Townhomes in the Austin MSA. Located at 3225 Westinghouse Road, between the major arteries of IH-30 and...
Holly House Apartments

Marcus & Millichap Closes $9.76M Sale of North Miami Holly House Apartments Near Barry...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Holly House Apartments in Miami, Florida. The property sold for $9,762,500. “The...
GroveParc Townhomes

JLL arranges sale of 190-unit build-to-rent development site in Tampa MSA

JLL Capital Markets announced that it closed on the sale of GroveParc Townhomes, a 48.08-acre, build-to-rent development site located in Wesley Chapel, Florida (Tampa MSA). With site work complete, the development is approved for...
Parkwood Apartments

The Multifamily Group brokers 28 units in Richardson, Texas

The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced this week it has facilitated the sale of the Parkwood Apartments in Richardson, Texas. Yonnic Land represented local sellers, and Jon Krebbs...
Le Marais Apartments

Multifamily asset sold in Tallahassee 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 Le Marais Apartments, a 24-unit apartment property located in Tallahassee, Fla.,...
Summit Apartments

Institutional Property Advisors brokers suburban Seattle multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of The Summit Apartments, a 96-unit multifamily asset in Redmond, Washington. “The Summit is an excellent value-add opportunity located in one...
Walnut Hill

JLL Arranges $49.5M in Financing for Walnut Hill, a 177-Unit Luxury Rental Community in...

JLL Capital Markets announced that it has arranged the $49.5 million 10-year, fixed-rate financing of Walnut Hill, a newly constructed, luxury multi-housing rental community with 177 apartments located in Clark, New Jersey. The property offers...
Timberchase

Cushman & Wakefield arranges $7.1 million sale on behalf of Morrison Avenue Capital Partners

Cushman & Wakefield announced that the commercial real estate services firm has arranged the $7.1 million sale of Timberchase, a 94-unit apartment community located in Birmingham, Alabama. Craig Hey and Parker Caldwell of Cushman &...

Legacy Partners breaks ground on Colorado’s first large-scale OZ residential community

Legacy Partners (Legacy), a privately-owned national real estate firm, announced today the groundbreaking of Legacy at Fitz in Aurora, Colorado. Located at 1363 N. Victor Street, the five-story 363-unit apartment community is Colorado’s first...

Motion at Dadeland tops off at 25 stories

13th Floor Investments and Adler Group announce that Motion at Dadeland, a mixed-use project next to the Dadeland North Metrorail station, has officially topped off construction at 25 stories. The project is comprised of...
Altura at Tropicana Exterior

Tower 16 Capital Partners sells Altura on Tropicana Apartments in Las Vegas, Nevada

San Diego-based Tower 16 Capital Partners has successfully sold Altura on Tropicana, a 512-unit multifamily project in Las Vegas, after an 18 month hold period. Tower 16 had originally purchased the property for $50...

JLL sells 970-unit Midwest multihousing portfolio on behalf of IRET

JLL announced today that it has closed the sale of a 10-property, 970-unit multihousing portfolio located in the Midwestern communities of Sioux Falls, South Dakota, and Sioux City, Iowa, on behalf of IRET for...
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