Deal boom

Apartment deals, mergers and acquisitions

Cornus House

$34.7 million financing arranged for Tacoma multihousing development

JLL Capital Markets announced that it has arranged the $34.8 million construction financing for Cornus House, a 199-unit, mid-rise multihousing development located in downtown Tacoma, Washington. JLL represented the developer, Arboreal Investments, to secure the senior...
Somerset at Montgomery

$26.3 million financing secured for New Jersey multihousing project

JLL Capital Markets announced that it has arranged $26.3 million in construction financing for The Somerset at Montgomery, a luxury, 115-unit multihousing development in Montgomery, New Jersey. JLL represented the borrower, Country Classics, to secure...
Mountain Valley

Marcus & Millichap brokers Dallas multifamily asset sale

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Mountain Valley, a 312-unit apartment property in Dallas, Texas. “Built in 1969,...
Advenir at Banyan Lake

Berkadia arranges $93.6 million loan for Palm Beach County apartment communities

Berkadia announces it has secured a $93.6 million loan to refinance two multifamily communities located in Palm Beach County: Advenir at Banyan Lake and Advenir at La Costa, both vintage garden-style multifamily assets located...
Columbia Pointe

Excelsa Properties acquires $78 million multifamily community in Columbia, Maryland

Excelsa Properties has closed on the $78 million purchase of a 325-unit multifamily property located at 5764 Stevens Forest Road in Downtown Columbia, Maryland. The value-add property, Columbia Pointe, was jointly acquired by Excelsa...
Parkwood Terrace

Institutional Property Advisors brokers multifamily sale outside of Austin

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Parkwood Terrace, a 144-unit, value-add asset in Round Rock, Texas. “This asset’s immediate submarket has the second highest occupancy in the...
Stockbridge Court

CBRE arranges $42.6 million sale of 233-unit apartment community in Springfield, Mass. to Stockbridge...

CBRE announced that it has arranged the $42.6 million sale of Stockbridge Court, a 233-unit apartment community located at 35 Willow Street in Springfield, Massachusetts. CBRE Capital Markets’ multihousing experts Simon Butler, Biria St. John...
Harbor Ridge Apartments

Marcus & Millichap arranges $11.4 million acquisition and renovation financing for Harbor Ridge Apartments...

Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $11,390,000 in acquisition and renovation financing for Harbor Ridge Apartments, a 102,985-square-foot, 112-unit multifamily development located...
202-222 N. Salem Ave

Interra Realty brokers $4.1 million deconversion sale of Arlington Heights multifamily property

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the deconversion sale of a 34-unit multifamily property in Arlington Heights, Ill. The property, 202-222 N. Salem Ave., traded for $4.1...
Gaar Scott Historic Lofts

Historic Minneapolis multihousing community sells to national investor

JLL Capital Markets announced that it has closed the sale and arranged the acquisition financing of Gaar Scott Historic Lofts, located in the North Loop neighborhood of Minneapolis, Minnesota. JLL represented the seller, Gaar Scott...
Emblem Grayson

Cushman & Wakefield arranges sale of Emblem Grayson

Cushman & Wakefield announced that the commercial real estate services firm arranged the sale of Emblem Grayson, a newly built 344-unit multifamily community in the Loganville submarket of Atlanta. Cushman & Wakefield’s Robert Stickel and Alex...
Chamberlain Pines

Single-family rental townhome community in Charleston suburb trades

JLL Capital Markets announced that it has closed the sale of and arranged the acquisition financing for Chamberlain Pines, a 132-unit single-family rental community in the Charleston, South Carolina suburb of Summerville. JLL represented the...
Ambassador Hotel

Cushman & Wakefield arranges sale of Orlando Hotel that will become affordable housing

Cushman & Wakefield announced that the commercial real estate services firm has arranged the $7.1 million sale of Ambassador Hotel, a 155-room building on 2.5 acres located at 929 W Colonial Dr. The hotel was...
Signalmen Apartments

Denver multihousing community secures $12.6 million financing

JLL Capital Markets announced that it has arranged $12.6 million in acquisition financing for Signalmen Apartments, a 52-unit, Class A, luxury, boutique apartment community located in the Sloan’s Lake neighborhood of Denver, Colorado. JLL represented...
LH3 Portfolio

Institutional Property Advisors closes three-property multifamily portfolio sale in North Dallas

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of the LH3 Portfolio; three multifamily properties located in Richardson and Dallas, Texas. The assets in Richardson are Belterra, 314 units...
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