Deal boom

Apartment deals, mergers and acquisitions

Sedona Ridge

Sale of 250-unit multihousing community in Phoenix closes

JLL Capital Markets announced that it has closed the sale of Sedona Ridge, a 250-unit, garden-style multihousing community in Phoenix, Arizona. JLL marketed the property on behalf of the owner, Sares Regis Multifamily Funds. An...
BLU Bellevue

Institutional Property Advisors closes luxury multifamily asset sale in suburban Seattle for $109 million

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of BLU Bellevue, a 135-unit luxury mixed-use multifamily community in downtown Bellevue, Washington. The property traded for $109 million, or $1,004.70...
TownCenter Park

Canadian REIT buys Portland-area multihousing community for $30 million

JLL Capital Markets announced that it has closed the $30 million sale of TownCenter Park, a 111-unit, 1990-built, garden-style multihousing community in Wilsonville, Oregon. JLL marketed the property on behalf of the seller, Curtis Capital...
1085 Molino Avenue

Stepp Commercial completes $4.39 million portfolio sale of two apartment properties in eastside submarket...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $4.39 million portfolio sale of two apartment properties located in the Eastside submarket of Long Beach, Calif. Principal Robert Stepp...
50-58 East Third St

GAIA Real Estate secures acquisition financing for East Village housing portfolio

JLL Capital Markets announced it has arranged $36 million in financing for the acquisition of three rental residential properties with a total of 71 units at 50-58 East Third St. in Manhattan’s East Village...
Palm Springs

Cushman & Wakefield arranges $13 million sale on behalf of PISMO

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Palm Springs, an 86-unit apartment community located in Hialeah, Florida. The final sale price was $13 million. Calum Weaver...
Westwood Glen

FCP closes $1.188 billion FCP Realty Fund V, L.P.

FCP announced the closing of FCP Realty Fund V, L.P. (Fund V), a $1.188 billion fund targeting multifamily and commercial property opportunities throughout the United States. Fund V, when fully invested, is expected to...
Artist Lofts

Parkview Financial provides $42.5 million loan for mixed-use property to include 210 apartment units...

Parkview Financial announced it has provided a $42.5 million construction loan to Monroe Germantown Holdings, LLC for the development of Artist Lofts, a mixed-use property located at 1217-31 2nd Ave N in the Germantown...
Broadleaf Apartments

Intercontinental Real Estate Corporation enters Sacramento market partnering with Security Properties on 244-unit multifamily...

Intercontinental Real Estate Corporation (Intercontinental) in joint venture with Security Properties have acquired Broadleaf Apartments, a 244-unit Class B+ garden-style apartment community located in the Pocket neighborhood of Sacramento, Calif. The off-market transaction represents a...
Citizen & Oake

Thayer Manca Residential sells renovated Washington property for $60 million

Thayer Manca Residential (TMR) has sold their latest multifamily property in Lakewood, Washington, Citizen & Oake, for $60,000,000. The Seattle-based investment firm acquired the 231-unit apartment community in August 2016 for $32,950,000 and completed...
Ocean House

Cushman & Wakefield arranges $41 million sale on behalf of Ytech

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Ocean House, a 186-unit multifamily property in the North Beach area of Miami Beach. The final sale price...
Vue on 67th

Cushman & Wakefield arranges $34.65 million sale on behalf of Park Partners

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Vue on 67th, a 178-unit apartment community located in Davie, Florida. The final sale price was $34.65 million. Calum...
Canopy Place

Multihousing community refinanced for $16 million in Jacksonville, Florida

JLL Capital Markets announced that it has arranged a $16 million refinancing for Canopy Place, a 150-unit, townhome-style multihousing community in Jacksonville, Florida. JLL worked on behalf of the borrower, Beachwold Residential LLC, to secure...
The Asher

FCP expands Atlanta footprint with $116 million investment in three apartment acquisitions totaling 808...

FCP has announced its acquisition of three Atlanta-area apartment communities within the past three weeks, marking the company’s fourth, fifth and sixth Atlanta apartment investments in 2021. The firm invested $116 million in Springdale Glen,...
Parc Place Villas

Cushman & Wakefield arranges $41.25 million sale on behalf of Coastline Management Group Inc....

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Parc Place Villas, a 300-unit apartment community located in Tampa, Florida, on behalf of Coastline Management Group Inc....
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