Saturday, September 23, 2023

Deal boom

Apartment deals, mergers and acquisitions

The Ludlow at Heritage Creekside Now Leasing

Rosewood Property Company is now leasing The Ludlow, a 326-apartment-home, award-winning community located on Belpree Drive within the Heritage Creekside master-planned community in Plano, Texas. In partnership with MetLife Investment Management, the four-story multifamily...
Lyle

KWA Construction Celebrates Topping Out Milestone for Lyle in Far North Dallas

KWA Construction, a leading general contractor specializing in multifamily developments throughout Texas, has celebrated the construction milestone of 'topping out' at Lyle, located at 17727 Addison Road in Dallas. Lyle is a five-story, 334-unit...
Union Place

Gelt Venture Partners Acquires 125-Unit Apartment Property for $63.15 Million in Placentia, California

Gelt Venture Partners, LLC is pleased to announce it has acquired Union Place for $63.15 million. The 125-unit apartment property is located at 1500 Cherry Street in Placentia, CA (north Orange County). Built in 2012,...
Captiva Club

Institutional Property Advisors Brokers Tampa Multifamily Asset Sale

Institutional Property Advisors, a division of Marcus & Millichap, announced today the sale of Captiva Club, a 361-unit, garden-style multifamily property in Tampa, Florida. “The inflow of capital into Florida continues to be very strong,”...
Coral Gables

Berkadia Arranges $14.3M Sale of Approved Development Site in Downtown Coral Gables, Florida

Berkadia announces it has arranged the sale of 1715 Douglas, an 0.87-acre development site in the heart of Downtown Coral Gables, within walking distance to Miracle Mile, six million square feet of office space...
Juniper Canyon

Institutional Property Advisors Brokers Tucson Multifamily Asset Sale

Institutional Property Advisors, a division of Marcus & Millichap, announced today the sale of Juniper Canyon, a 140-unit multifamily asset  in Tucson, Arizona. “Renter demand for Juniper Canyon has led to strong operational momentum, evidenced...
Ariel Property Advisors

Ariel Property Advisors Marketing Prime 57,880 BSF Development Site on the Upper East Side

Ariel Property Advisors has been named the exclusive agent to sell a prime Upper East Side corner development site at 1382-1386 2nd Avenue that will allow the construction of a 57,880 BSF mixed-use/residential building....
Infinity Six Forks (Manor)

Mesa West Capital Provides The Dinerstein Companies Affiliate with $59 Million Loan for Raleigh,...

Mesa West Capital has provided an affiliate of Houston-based The Dinerstein Companies with $59 million in first mortgage debt for its acquisition of Manor Six Forks, a 298-unit multifamily community in Raleigh, NC, which is...
Granby Oaks Apartments

$21.8m Financing Secured for South Carolina Apartment Community

JLL Capital Markets announced today that it has arranged the $21.8 million bridge financing for Granby Oaks Apartments, a 148-unit, garden-style apartment community located in West Columbia, South Carolina. JLL represented the sponsor, PAM Associates...
Farnsworth House Boston

MassHousing Provides $14.5 Million for the 76-Unit Farnsworth House for Low-Income Seniors in Boston 

MassHousing, working with Rogerson Communities, has closed on $14.5 million in affordable housing financing to Charles H. Farnsworth Senior Housing Corporation, owner and developer of the 76-unit Farnsworth House for older adults in Boston,...
River Del Mar

Marcus & Millichap Facilitates $4.2 Million Sale of Three-Story Apartment Building

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of River Del Mar, a three-story, 24-unit apartment building in North...
The Weathersby Apartments

The Milestone Group Announces Acquisition of The Weathersby Apartments in Charlotte, North Carolina

The Milestone Group announces its acquisition of The Weathersby Apartments, a 180-unit, fully renovated, market-rate multifamily community at 8415 University Station Circle in Charlotte, NC. The purchase price was not disclosed. “We are excited to add...
Parkview Terraces

SPI Advisory Acquires 244-Unit Apartment Community South of Austin, Texas

SPI Advisory finalized the acquisition of Parkview Terraces (formerly known as “Cortland Southpark Terraces”), a newly-renovated 244-unit, Class-A institutional-quality apartment community built in 2009 less than five miles from Austin’s bustling South Congress entertainment...
Howe Street

Marcus & Millichap Arranges the $6.6 Million Sale of a New Haven Three-Property Multifamily...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 91, 95 and 97 Howe Street, a 44-unit contiguous apartment...
Hackney House Apartments

McShane Construction Company Completes Construction of Hackney House Apartment Complex in Oconomowoc, Wisconsin

McShane Construction Company is pleased to announce the completion of Hackney House Apartments, a 302-unit multifamily development located in Oconomowoc, Wisconsin.  The project, which features 20 garden-style and townhome buildings, was built for repeat client...
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