Wednesday, November 13, 2024

Deal boom

Apartment deals, mergers and acquisitions

Gebroe-Hammer Associates arranges $11.6 million sale of 76 units in East Orange, NJ

Within New Jersey’s East Essex cluster of urban municipalities primed for smart-growth and revitalization, Gebroe-Hammer Associates has arranged two separate apartment-property sales spanning the cities of East Orange and Irvington. Executive Managing Director David...
Mosaic Hills Apartments in Kent

RISE Properties Trust and Aegon Real Assets US acquire two more assets in Seattle...

RISE Properties Trust (“RISE”) a Canadian real estate trust based in Seattle, and Aegon Real Assets US (“Aegon RA”), an indirect wholly owned subsidiary of Aegon N.V., a multinational life insurance, pensions and asset...
Dixon Place

MVE + Partners breaks ground on 59-unit mixed-use apartment community in Salt Lake City

MVE + Partners, a leading architecture, planning, interiors and graphic design firm, today announced the groundbreaking of Dixon Place, a 59-unit, Class A development in the heart of Salt Lake City’s Sugar House neighborhood....
The Palace

JLL arranges sale, financing of Dallas-area apartments

JLL announced today that it has closed the sale of and arranged financing for The Palace, a 280-unit, garden-style apartment community located in Arlington, Texas. JLL marketed the property exclusively on behalf of the seller,...
The George Besaw

The George Besaw Apartment mixed-use building in Portland, Ore. sells for $23.625 million

Kidder Mathews is pleased to announce the sale of The George Besaw for $23,625,000. The 51-unit, apartment / mixed-use building is located at 2323 NW Savier Street in Portland, Oregon. Kidder Mathews’ team of...
425 Coronado Avenue

Stepp Commercial completes $14.95 million sale of two adjacent apartment properties totaling 48 units...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $14.95 million off-market sale of 425 Coronado Avenue and 424 Obispo Avenue in the Belmont Heights submarket in Long...
Palisade Park

JLL arranges $40.27M financing for Denver-area apartments

JLL announced today that it has arranged $40.27 million in financing for Palisade Park, a 216-unit, garden-style apartment community in the north Denver suburb of Broomfield, Colorado. JLL worked exclusively on behalf of Jeffrey Sanders...
Alexandria Station

Avanath acquires two affordable communities totaling 578 units for nearly $100 million in Washington...

Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, has purchased two affordable apartment communities with a combined total of 578 units in Alexandria, Virginia—a city in the Washington...
Monterosso Apartments

Fore Property announces launch of leasing at Monterosso in Kissimmee, Florida

Fore Property (‘Fore’), one of the country’s 15 largest multifamily developers, announced that it has launched leasing for Monterosso Apartments, a 216-unit apartment community in Kissimmee, Florida. Developed and constructed by Fore, Monterosso represents...
Peaks of Nanuet

JLL closes sale of The Peaks of Nanuet

JLL announced that it has closed the sale of The Peaks of Nanuet, a 504-unit apartment complex in the suburb of Nanuet, Rockland County, New York. JLL marketed the property exclusively on behalf of the...
Charter Landing

Savlan Capital completes $28m acquisition of Charter Landing Apartments in Jacksonville

Savlan Capital has acquired Charter Landing, a 332-unit value-add multifamily community with premier waterfront views on the St. Johns River in Duval County. The Hollywood, Florida-based real estate investment group purchased the property from Lichtman Nass Development Group,...
Augusta Apartments

JLL closes $98.1 million sale, financing of Seattle apartments

JLL announced today that it has closed the $98.1 million sale and arranged acquisition financing for Augusta Apartments, a 209-unit apartment community in Seattle, Washington. JLL marketed the property on behalf of the seller, Vulcan...
Bloom 24

Renovated Phoenix multifamily asset sold by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Bloom 24, a 114-unit multifamily complex in Phoenix. Highline Property Group (Highline), based in Denver, Colorado, purchased the property...
Orion

Luxury apartment building in Seattle’s South Lake Union neighborhood sold by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Orion, a 129-unit luxury apartment asset with more than 6,000 square feet of street-level retail space in the South...

JLL closes sale, financing of 3 student housing properties

JLL announced today that it has closed the $17.7 million sale and $12.95 million in acquisition financing for a three-property student housing portfolio totaling 294 beds steps from Missouri State University in Springfield, Missouri. JLL...
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