Deal boom

Apartment deals, mergers and acquisitions

360 Huguenot

RXR secures $105 million from Rialto Capital Management to refinance Westchester apartment building

JLL Capital Markets announced that it has arranged $105 million in refinancing for RXR Realty’s 360 Huguenot, a 280-unit high-rise apartment building with ground-floor retail in downtown New Rochelle. JLL worked on behalf of RXR...
Huntington Meadows apartments

FCP and VaultCap Partners acquire Huntington Meadows Apartments in Austin, Texas

FCP and VaultCap Partners (VaultCap) announce the acquisition of Huntington Meadows apartments, a 200-unit multifamily property at 7000 Decker Lane in Austin, Texas. Huntington Meadows is the first acquisition in Austin for both FCP...
Talise

Institutional Property Advisors brokers multifamily asset sale in Mesa

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Talise, a 388-unit multifamily property in Mesa, Arizona. The asset traded for an undisclosed price. “Mesa’s favorable cost of living and...
Azura Apartments

Institutional Property Advisors closes $91 million North Phoenix multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Azura Apartments, a 387-unit apartment asset in Phoenix, Arizona. The property sold for $91 million, which equates to $235,142 per...
Country Oaks

Institutional Property Advisors brokers two-property multifamily portfolio sale in North-Central Utah

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of a two-property, 282-unit multifamily portfolio in Clearfield, Utah. The properties are Oakstone Apartments, a 210-unit property built in 1998 and...
Spanish Oaks

Next Wave sells 216-unit multifamily community in Las Vegas

Next Wave Investors, LLC (Next Wave) a private equity firm focused on value-add multifamily investments, recently sold Spanish Oaks, a 216-unit garden-style multifamily community in Las Vegas, Nevada for $50 million after acquiring it...
The Langdon Apartments

PCCP, LLC provides $22.7 million preferred equity position for the development of a 201-unit...

PCCP, LLC has provided a $22.7 million preferred equity position to Breslin Realty Group and Fields Grade Development for the ground-up development of The Langdon Apartments, a Class A, mid-rise, 201-unit, transit-oriented development located...
5120 S Harper

Marcus & Millichap brokers $9.8 million sale of 61-unit multifamily property in Chicago’s Hyde...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced it has brokered the $9.8 million sale of 5120 S. Harper Ave., a 61-unit...
Equinox on Prince

Institutional Property Advisors negotiates Tucson apartment asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Equinox on Prince, a 114-unit multifamily asset in Tucson, Arizona. The property sold for $21.1 million, which equates to $185,088...
Illini Tower

Sale of student housing community near University of Illinois closes

JLL Capital Markets announced that it has closed the sale of and arranged acquisition financing for Illini Tower, a student housing community located near University of Illinois Urbana-Champaign. The JLL Capital Markets Investment Sales team...
The Dakota

TruAmerica Multifamily acquires 156-home apartment community near Washington State capital for $54 million

TruAmerica Multifamily has acquired The Dakota, a 156-unit garden-style apartment community in Lacey, Wash., a suburb of Olympia for $54 million. The 15-year-old institutional quality asset brings the number of multifamily units in TruAmerica’s...
Studios 435

Institutional Property Advisors brokers sale of newly reconstructed downtown San Diego building

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Studios 435, a 86-unit apartment asset in San Diego, California. The property sold for $23.25 million, or $270,349 per unit. “Originally...
Cabana Power

Institutional Property Advisors brokers $84 million attainable housing asset sale in suburban Southeast Phoenix

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Cabana Power, a newly built, 244-unit multifamily asset in Mesa, Arizona. The $84 million sales price represents $344,262 per unit. “The...
Casa 2055 Apartment Homes

Stepp Commercial completes $5.3 million sale of a newly renovated, 13-unit apartment property in...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $5.3 million sale of Casa 2055 Apartment Homes, a newly renovated, 13-unit multifamily property located at 2055 E. 3rd...
The Harrison Apartments

American Landmark acquires apartment community in Tennessee’s fastest-growing city

American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired The Harrison Apartments, a 278-unit apartment community located in Murfreesboro, Tenn. The property has been renamed “Scout Landing.” This...
Yield PRO