Wednesday, September 18, 2024

Deal boom

Apartment deals, mergers and acquisitions

Chase Manor

The Chevy Chase Land Company Sells Site of Former Chase Manor Apartments to Toll...

The Chevy Chase Land Company, a commercial real estate investment and asset management company with properties across the Washington, D.C. metro area, announced the sale of Chase Manor to Toll Brothers, Inc., the nation’s...
The Whitley Apartments

IMG announces South Carolina portfolio expansion

Investors Management Group, Inc. (IMG) has expanded its South Carolina multifamily portfolio with the acquisition of The Whitley Apartments in the city of Central. Over the past year, IMG has sponsored the acquisition of...
Tivoli Place

Lincoln Avenue Communities Acquires Historic Affordable Housing Property Tivoli Place for Seniors in Downtown...

Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, today announced that it has acquired Tivoli Place and will carry out an extensive rehabilitation of the property. This a milestone transaction...
Ellis Apartment Portfolio

Marcus & Millichap Sells Ellis Apartment Portfolio in Irvington New Jersey for $3.255M

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of the Ellis Apartment Portfolio, a three-building multifamily portfolio in Irvington, New...

Cushman & Wakefield represents Symcor Capital Properties in $43 million sale of Southwest Florida...

Cushman & Wakefield has arranged the sale of Lakes at North Point, a 312-unit, garden-style apartment community located in North Port, Florida. The value-add property sold for $43 million, or $137,821 per unit, and...
Plaza 170

Marcus & Millichap Announces $6.79 Million Sale of Plaza 170

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Plaza 170 in North Miami Beach, Florida. The property sold for...
7800 S Phillips

Interra Realty arranges $5.46 million sale of two-building apartment portfolio in Chicago’s South Shore...

Interra Realty, a Chicago-based commercial real estate investment services firm, announced the $5.46 million sale of two recently rehabbed rental properties in Chicago’s South Shore neighborhood: 7646 S. Essex Ave., a 30-unit apartment building,...
High Ridge Apartments

Capital Square Delivers 226% Equity Multiple in Georgia Multifamily Delaware Statutory Trust (DST) to...

Capital Square, one of the nation's leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, announced the successful UPREIT transaction for High Ridge Apartments, a 160-unit multifamily...
The Piazza

Post Brothers to Add 269 More Units to Multiphase Philadelphia Redevelopment The Piazza

Philadelphia-based developer Post Brothers is underway on one of the final properties at The Piazza, a 28-acre master-plan in Philadelphia’s Northern Liberties neighborhood that comprises a total of four residential properties and multiple retail...
River Park

Westmount Realty Capital acquires River Park, a 27-building multifamily community in Fort Worth

Westmount Realty Capital, LLC announced the acquisition of River Park, a 280-unit, garden-style multifamily community located at 3309 River Park Dr. in southwest Fort Worth. Built in 1985, this well-maintained, 27-building community sits on...
Lois Landing

A 56-unit apartment building sold for $10 million 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 Lois Landing, a 56-unit apartment property located in Tampa, Florida, according...
Portola at Grovers Park

Institutional Property Advisors brokers multifamily asset sale in Northeast Phoenix

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Portola at Grovers Park, a 141-unit multifamily asset in Phoenix, Arizona. The $36.6 million sales price equates to $259,574 per...

Construction starts on Chicago area TOD after $14 million loan from Knighthead Funding

Knighthead Funding, LLC has provided Noah Properties Chicago with a $14.36 million construction loan for the Roselle Apartments (Roselle), a multifamily community in the Chicago submarket of Glendale Heights/Lombard. When completed in the first quarter...

The Wolff Company announces plans to develop new senior living community in Torrance

The Wolff Company, a Scottsdale-based private equity firm and senior living developer, will break ground later this year on Revel South Bay, a new independent living apartment community adjacent to Manhattan, Redondo, Torrance and...
Green Oaks of Goshen

Evergreen Real Estate Group Completes 120-Unit Affordable Assisted Living Community Green Oaks of Goshen...

Evergreen Real Estate Group announced the completion of Green Oaks of Goshen, a four-story, 120-unit assisted living community for low-income seniors in Goshen, Indiana. Evergreen Construction Company, a division of Evergreen Real Estate Group,...
Yield PRO