Friday, April 19, 2024

Deal boom

Apartment deals, mergers and acquisitions

Naranja Grand

Housing Trust Group & Elite Equity Development Break Ground on Phase 2 of New...

Housing Trust Group (HTG), a leading multifamily developer, has closed on financing and commenced construction on Naranja Grand II, a new $71 million affordable apartment community comprised of 200 residences in Southwest Miami-Dade County,...
Placita Dolores Huerta

Community Housing Announces Grand Opening of Affordable Housing Community Placita Dolores Huerta Near Coachella

The complex was developed by the Community Housing Opportunities Corporation (CHOC), a non-profit developer of affordable housing that recently opened another community in the desert area, announces grand opening of Placita Dolores Huerta in...
Hickory Lake Apartments

FCP Acquires 322-unit Hickory Lake Apartments in the Nashville MSA

FCP® announces the acquisition of Hickory Lake Apartments, a 322-unit multifamily property at 3940 Apache Trail in Antioch, Tennessee in the Nashville MSA. The acquisition of Hickory Lake marks FCP’s 6th transaction in the Nashville...
Canyons

McShane Construction Company Selected to Build Affordable Housing Residence Canyons in Madison Wisconsin

McShane Construction Company was selected by repeat client Lincoln Avenue Communities to build Canyons, a 60-unit affordable housing residence in Madison, Wisconsin. “We’re excited to partner with Lincoln Avenue Communities on another project,” shared Alison...
Belle on Bev

Cityview Completes 243-Unit Multifamily Project Belle on Bev in Los Angeles’ Historic Filipinotown

Cityview, a premier multifamily investment management and development firm, has completed Belle on Bev – a 243-unit mixed-use project in Los Angeles’ Historic Filipinotown (HiFi). Now leasing, Belle on Bev features modern apartments stylized...
1519 Ridge Avenue

Agent PHL Brokers 19-Unit Multifamily Sale on Ridge Avenue in Philadelphia for $6.7M

On behalf of The Seller, Agent PHL has formally announced the sale and settlement of 1519 Ridge Avenue in Philadelphia, Pennsylvania. The investment sale was brokered by Ryan McManus, principal of Agent PHL at...
Orion Residential

Real Estate Firm Marquette Companies Launches Strategic Alliance with Orion Residential

Marquette Companies, a national leader in multifamily development, investment and management, announces its strategic alliance with Deerfield, Illinois-based Orion Residential Advisors, (“Orion”) an integrated multifamily investment and operating firm active in multiple markets nationwide. “Bringing...
Culebra Commons

Origin Credit Advisers Secures Preferred Equity Position in Culebra Commons, a $76.3M Multifamily Community...

Origin Strategic Credit Fund, a multifamily real estate credit Fund, has secured a preferred equity position in Culebra Commons, a $76.3 million, 327-unit Class A multifamily rental community in San Antonio, Texas. The Strategic Credit...
Blu South

JLL Capital Markets Arranged the Sale of Blu South Located in Pineville North Carolina...

JLL Capital Markets announced that it closed the sale of Blu South, a luxury, build-to-rent community located within South Charlotte in Pineville, North Carolina, adjacent to the Blue Line Pineville Light Rail stop. The...
Ivy and Green

Hornrock Properties Launches Leasing for Next Phase of Ivy and Green in Downtown Hackensack

Leasing has commenced for the second phase of luxury rental residences at Ivy and Green, meeting the increased demand for additional living spaces within the popular residential community that made its debut last year...
M1byCLG

California Landmark Group Delivers M1byCLG Multifamily Development in the Silver Lake Neighborhood of Los...

California Landmark Group has completed the 100-unit M1byCLG (“M1”), the largest multifamily development in Los Angeles’ Silver Lake submarket since 2015. M1 is currently 60% leased. M1byCLG represents California Landmark’s entry into one of Los...
Boynton Bay

Smith & Henzy Acquires $53M Senior Housing Community Boynton Bay in Palm Beach Florida

Smith & Henzy Affordable Group acquired a Boynton Beach senior housing community for $53 million. An affiliate of Related Group was the seller. The Boynton Bay Apartments last traded for $48 million in 2022. The...
Income REIT

Blackstone Taking Apartment Income REIT Private for $10B

Blackstone and Apartment Income REIT Corp. (AIR Communities) said that Blackstone Real Estate Partners X will acquire all outstanding common shares of AIR Communities. The all-cash transaction is valued at approximately $10 billion, including...
President Street

Greenbrook Partners Complete $3M Convent to Apartment Renovation Project on President Street in the...

Greenbrook Partners, a privately-held, vertically integrated real estate operating and investment company headquartered in New York City, announces the completion of a transformative residential project at 784 and 786 President Street in the heart...
Wolf Creek

Eastern Union Secures $12M in Financing for 192-Unit Student Housing Complex Wolf Creek in...

Marc Tropp, a senior managing director with Eastern Union, arranged $12,050,000 in financing toward the acquisition and conversion of Wolf Creek, a 192-unit multifamily property located at 500 North Caraway Road in Jonesboro, Arkansas. The...
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