Deal boom

Apartment deals, mergers and acquisitions

Sundown Village

Tucson apartment asset sale closed by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Sundown Village, a 330-unit multifamily property in Tucson, Arizona. The asset sold for $54.45 million, or $165,000 per unit. “In 2020,...
Muir Lake Luxury Apartments

Sterling Real Estate Partners completes sale of luxury, lakefront community in Cedar Park

An affiliate of Sterling Real Estate Partners announces the sale of Muir Lake Luxury Apartments, a Class A, resort-style residential community developed by the local iconic developer, Larry Peel, in the Northwest Austin, Texas...
FalconView Apartments

Refinancing secured for FalconView Apartments in Colorado Springs

JLL Capital Markets announced it arranged a $61 million refinancing for the FalconView Apartments, a Class A, garden-style multihousing property in Colorado Springs, Colorado. JLL worked on behalf of the borrower, Etkin Johnson Real Estate...
Hoyt Bedford

350-unit apartment asset sale in Stamford Connecticut brokered by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Hoyt Bedford, a 350-unit apartment complex in Stamford, Connecticut. “Hoyt Bedford is a 100 percent market-rate, legacy asset located on the edge...
Azul Apartments

IMG expands San Antonio portfolio to nearly 800 apartment units

Investors Management Group ("IMG"), a California-based real estate sponsor and operator, has acquired Azul Apartments, a 246-unit community built in 2007 and located in Northwest San Antonio for an undisclosed price. IMG now owns 798...
Lola Apartments

$42.84 million acquisition financing secured for Lola Apartments in Tampa

JLL Capital Markets announced it secured a $42.84 million acquisition financing for Lola Apartments, a Class A multihousing property located in Riverview, a suburb in the southeast area of Tampa, Florida. JLL worked on behalf...
Oaks at Holcomb Bridge

Comunidad Partners acquires 304-unit multifamily asset in North Fulton submarket of Atlanta, Georgia

Comunidad Partners, a minority and women-owned real estate investment firm that specializes in workforce / affordable housing communities in culturally diverse neighborhoods, has recently acquired Oaks at Holcomb Bridge, a 304-unit multifamily housing community...
The Annex of New Albany

$11.85 million sale completed for The Annex of New Albany in Southeast Indiana

JLL Capital Markets announced it closed the $11.85 million sale of The Annex of New Albany, a garden-style multihousing property located in New Albany, Indiana, a suburb situated near the state’s border and just...
Astoria at Celebration

CGI+ sells luxury multifamily property in Orlando, Florida for $74.5 million

CGI+ Real Estate Investment Strategies (“CGI+”) has sold Astoria at Celebration, a 306-unit luxury multifamily community in Celebration, Florida to Versity Investments for $74.5 Million. Originally completed in 2016, the property, which was then known...
Normandale Lake Estates

Apartments adjacent to the Normandale Office Park sell for $16.45 million

JLL Capital Markets announced it closed the $16.45 million sale of Normandale Lake Estates, a 105-unit multihousing property located in Bloomington, Minnesota. JLL worked on behalf of the seller, Normandale Lake, LLC, to complete the...
Chimney Hill Apartments

ZMR Capital expands Dallas multifamily holdings with acquisition of 240-unit community in North Dallas

Real estate investment firm ZMR Capital (“ZMR”) continues to build its Dallas multifamily portfolio following the acquisition of Chimney Hill, a 240-unit gated community in the North Dallas submarket of Richardson. Since entering the Dallas...
Vantage at Powdersville

Institutional Property Advisors completes multifamily asset sale in South Carolina

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Vantage at Powdersville, a 288-unit multifamily asset in Greenville, South Carolina. “The property presents the buyer with a first-generation value-add opportunity...
Adagio at Westshore Palms

RPH Multifamily Group of Marcus & Millichap sells Class-A community for record setting price...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Adagio at Westshore Palms, a 47-unit apartment property located in Tampa,...
Oxford Park Apartments

FCP and S2 acquire Oxford Park apartments in Irving, Texas

FCP and S2 Capital have acquired Oxford Park Apartments, a 308-unit garden apartment community in Irving, Texas. The off-market transaction marks the third deal in DFW in the last 12 months between S2 and FCP. “The...
Copper Falls

Metropolitan Phoenix apartment asset sale brokered by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Copper Falls, a newly constructed, 240-unit multifamily asset in the West Valley neighborhood of Glendale, Arizona. The $72 million sales...
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