Deal boom

Apartment deals, mergers and acquisitions

Tapestry Cypress Creek

Passco adds third multifamily property within two months with acquisition of brand new, 341-unit...

Passco Companies, a privately held California-based commercial real estate company that specializes in acquisition, development, and property and asset management throughout the U.S., has acquired Tapestry Cypress Creek, a 341-unit luxury apartment community in...
Wild Pines of Naples Apartments

Franklin Street brokers $25.4 million sale of 200-unit apartment community in Naples, Florida

Franklin Street has brokered the sale of Wild Pines of Naples Apartments in the affluent Naples market on Florida’s southwest coast. The 200-unit, garden-style apartment community sold for $25.35 million, or $126,750 per unit. Franklin...
Cascade at Morgan Falls

PCCP, LLC joint venture acquires two adjacent multifamily properties totaling 1,180 units in Atlanta...

A joint venture of PCCP, LLC, CARROLL and LCOR Incorporated has acquired The Cascade at Morgan Falls and The Fountains at Morgan Falls, adjacent apartment communities located at 8085 Adair Lane and 8075 Adair...
Entrada Apartments

Thayer Manca Residential acquires second Tucson property in a year

Thayer Manca Residential (TMR) has purchased Entrada Apartments, their newest multifamily property in Tucson, Arizona. TMR purchased the 424-unit property for $65,500,000 and is the largest acquisition to date for the company. With a $4.9m...
Willow Ridge apartments

Willow Ridge apartments purchased by Alfa TX Investment Group

JLL Capital Markets announced that it has closed the sale and acquisition financing for the garden-style Willow Ridge apartments in Southwest Houston. JLL completed the sale for the seller, Sentinel Capital, to the buyer, Alfa...
Pinewood at National Hills Apartments

MLG Capital and partner purchase Pinewood Apartments in Augusta, Georgia

MLG Capital announced the acquisition of Pinewood at National Hills Apartments located at 1075 Bertram Road in Augusta, Ga. The 160-unit multifamily apartment complex was built in 1983 and is a Class B property....
Morton Village

Avanath Capital Management acquires 207-unit workforce housing community in Boston, Massachusetts

Avanath Capital Management, a private real estate firm that invests in affordable and workforce housing properties throughout the U.S., has announced the acquisition of Morton Village, a 207-unit workforce housing community in Mattapan, Massachusetts,...
Barrington Place

Greystar picks up pair of multihousing assets

JLL Capital Markets announced that it has closed the sale of Barrington Place and Waterlynn Ridge, Class A multihousing communities totaling 660 units in the Charlotte, North Carolina MSA. JLL marketed the property on behalf...
5001 S. Drexel Blvd

Interra Realty brokers $4.55 million sale of renovated apartment building in Chicago’s Kenwood neighborhood

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $4.55 million sale of 5001 S. Drexel Blvd., a 33-unit renovated apartment building in Chicago’s Kenwood neighborhood. The price per...
Colony Gardens

Colony Gardens sold in Plant City for $2.15 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 Colony Gardens, a 24-unit apartment property located in Plant City, Florida,...
Spring Lake Apartments

Levin Johnston directs $39 million apartment community acquisition in Haltom City, Texas

Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has directed the acquisition of Spring Lake Apartments, a...
Essex on the Park

Oxford-Quadrum venture sells luxury apartment building Essex on the Park on Chicago’s Michigan Avenue

In one of the largest transactions of 2020, a joint venture between Oxford Capital Group, LLC and Quadrum Global has sold Essex on the Park, the 56-story, 607-foot, 479-unit, modernist tower, which it developed...
1513-17 W Diversey

Interra Realty arranges $5.78 million sale of luxury apartment building in Chicago’s Lincoln Park...

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $5.78 million sale of 1513-17 W. Diversey Parkway, a 12-unit luxury apartment building in Chicago’s Lincoln Park neighborhood. The price...
743 @ Howell Mill

Cushman & Wakefield arranges $85.2 million sale on behalf of JEM Holdings and Zavala...

Cushman & Wakefield has arranged the $85.2 million sale of six properties totaling 872 units on behalf of JEM Holdings and Zavala Capital Group. Three of the properties are located in Atlanta, two are...
The Destino

Institutional Property Advisors brokers Central Dallas-Fort Worth apartment complex sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Destino, a 192-unit apartment property in Grand Prairie, Texas. “Dallas-Fort Worth, the nation’s fourth-largest metropolitan area, offers competitive advantages for...
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