Wednesday, November 13, 2024

Deal boom

Apartment deals, mergers and acquisitions

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...

CBRE Multifamily Group sells Devonshire Place for $19,750,000

The CBRE Capital Markets team today announced the sale of Devonshire Place located at 50 Holy Family Road in Holyoke, Massachusetts, for $19,750,000. CBRE multi-housing experts Simon Butler and Biria St. John exclusively represented the...

CBRE Multifamily Group sells Bayside Village for $20,800,000

The CBRE Capital Markets team today announced the sale of Bayside Village located at 132 Marginal Way in Portland, Maine, for $20,800,000. CBRE multihousing experts Simon Butler and Biria St. John together with Dan Greenstein...
Oak Street Bungalows

Stepp Commercial completes $1.7 million sale of Oak Street Bungalows in Santa Monica, CA

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $1.7 million sale of Oak Street Bungalows, a five-unit apartment property located at 2444 Oak Street in Santa Monica,...
Linden Square Apartments

RISE Properties Trust and Aegon Real Assets US acquire Linden Square Apartments in North...

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...
The Vue at Pinnacle Park

JLL completes $47.55M sale of The Vue at Pinnacle Park

JLL announced today that it has closed the $47.55 million sale of The Vue at Pinnacle Park, a 285-home, Class A apartment community located in Fitchburg, Wisconsin, a suburb to the south of Madison. JLL...
Appleton Square

CBRE Multifamily Group sells Appleton Square for $29.3 million

The CBRE Capital Markets team announced the sale of Appleton Square located at 171-176 East Street in Methuen, Massachusetts, for $29,300,000. CBRE multihousing experts Simon Butler and Biria St. John exclusively represented the seller, Appleton...

Gebroe-Hammer Associates arranges $154.3+ milion in Bergen/Passaic County, NJ sales

Long considered one of the highest-barrier-to-entry multifamily investment submarkets in the state, the Bergen/Passaic County apartment-property corridor continues to live up to its enduring reputation, according to Gebroe-Hammer Associates. While for-sale product remains scarce—and...
Champions Woods Apartments

JLL closes sale, financing of Northwest Houston apartments

JLL announced that it has closed the sale and arranged acquisition financing for Champions Woods Apartments, a 186-unit, garden-style multihousing community in Northwest Houston. JLL marketed the property exclusively on behalf of the seller, Venterra...

Construction complete on University of Colorado Boulder’s newest and largest residence hall Williams Village...

The new Williams Village East residence hall at the University of Colorado Boulder proudly welcomed its first students in August for the fall 2019 semester. The 178,000-square-foot residence hall, the university’s largest, houses a...
The Riviera

Avison Young completes $16.76-million portfolio sale of two value-add apartment properties totaling 72 units...

Avison Young, the world’s fastest-growing commercial real estate services firm, announced today it has completed the $16.76-million portfolio sale of The Riviera and Rainbow Gardens, two nearby apartment properties totaling 72 units in Azusa,...
Arcadia’s Edge

West Shore acquires Class A luxury asset in South Carolina

West Shore LLC, a fully integrated, multifamily real estate investment firm, today announced the acquisition of Arcadia’s Edge, a 204-unit luxury residential community in Columbia, South Carolina. The top-tier, Class A asset, which offers...
University Apartments

Magma Equities acquires 199-unit apartment community in Raleigh, NC

Multifamily investment firm Magma Equities has made its third investment in the Raleigh-Durham MSA this year, with the off-market acquisition of a 199-unit garden style apartment community in downtown Raleigh, NC. University Apartments is located...
The Suites on Lincoln

Stepp Commercial completes $4.05 million sale of The Suites on Lincoln in Santa Monica,...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $4.05 million sale of The Suites on Lincoln, located at 911 Lincoln Boulevard, just south of stylish Montana Avenue...
Bel Aire Court Apartments

Trion Properties successfully sells two upgraded west coast multifamily assets totaling 108 units

Trion Properties, a private equity real estate firm that specializes in value-add multifamily investments along the west coast, recently sold two renovated multifamily communities totaling 108 units in Los Angeles, California, and Beaverton, Oregon,...
Yield PRO