Thursday, April 25, 2024

Deal boom

Apartment deals, mergers and acquisitions

Piedmont Apartments

Jonathan Rose Companies acquires Piedmont Apartments in Oakland

Jonathan Rose Companies, LLC, a leading investment manager with expertise in green affordable and mixed income acquisition and development, through its Rose Affordable Housing Preservation Fund V (the Fund), has closed on the administrative...
Lodge at Crosadaile

JLL closes $65.9 million sale of Durham, North Carolina apartments

JLL Capital Markets announced it has closed the $65.9 million sale of Lodge at Croasdaile Farm, a 320-unit, garden-style and townhome apartment community in the North Durham submarket of Durham, North Carolina. JLL marketed the...
Cascades Village

Avanath Capital Management acquires two affordable housing communities totaling 209 units in Sterling, Virginia...

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 a senior affordable housing community located in Sterling, Virginia and...
Abode Townhomes

PCCP, LLC and Abode Communities, LLC form joint venture to develop build-to-rent communities in...

PCCP, LLC announced that it has formed a joint venture with Abode Communities, LLC for the ground-up construction of three build-to-rent (BTR) communities in the heart of Raleigh, North Carolina. These infill, Class A,...
Cottage Club

Dunleer sells The Cottage Club, a charming and iconic rental community in Highland Park...

Dunleer, a Los Angeles-based private real estate investment and development firm, announced the $3.222 million sale of The Cottage Club, an iconic rental community consisting of eight stand-alone cottages located at 336 N Avenue...
The Sinclair Apartment Homes

Grand Opening of The Sinclair, New $40M Affordable Housing Apartments Community in Columbus, Ohio

Leaders with the Columbus Metropolitan Housing Authority (CMHA) and The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, joined today with Columbus Mayor Andrew Ginther, state Senator Hearcel Craig,...

CA Senior Living announces start of construction on 179-unit Atria McCandless in suburban Pittsburgh

CA Senior Living LLC, the senior housing investment and development division of Chicago-based CA Ventures, today announced it has commenced construction on Atria McCandless, a 179-unit senior living community in McCandless, Pa., 10 miles...
One Riverwalk

Passco Companies Closes 303-unit Luxury Apartments One Riverwalk in Knoxville Tennessee for $120.7M

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., in conjunction with its joint venture partner, Greystone, a national commercial...
The Junction at Rockledge

Thompson Thrift to Develop Luxury 380-Unit Multifamily Community The Junction at Rockledge Near Orlando

Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced the development of The Junction at Rockledge, a 380-unit Class A multifamily community in Rockledge, Florida. “The...

CA Ventures begins construction on RISE on Chauncey near Purdue University

CA Student Living, the student housing investment and development division of Chicago-based CA Ventures, today announced construction is underway at RISE on Chauncey, a 16-story, 675-bed development at 100 S. Chauncey Ave. in West...
Westhills Apartment Homes

Gelt, Inc. sells 400-unit apartment property for $92 million after a three-year hold in...

Gelt, Inc., a Los Angeles-based real estate investment and asset management firm, is pleased to announce the $92 million sale of Westhills Apartment Homes, a 400-unit apartment property located at 453 Van Gordon Street...

Alliance Residential starts Broadstone Queen City

Alliance Residential Company, one of the largest privately-held multifamily developers in the country, has broken ground on Broadstone Queen City, a 260-unit luxury apartment community where South End meets Uptown in Charlotte, N.C. An homage...
Palm Coast, Florida

Marcus & Millichap Sells 19-Acre Palm Coast Land for $6.25 Million

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of 19 Acres on Whiteview Parkway in Palm Coast, Florida. The property...
Regatta Apartments

Gelt, Inc. acquires 352-unit apartment community for $100.5 million in Denver submarket

Gelt, Inc., is pleased to announce it has acquired Regatta Apartments, a 93 percent-leased, 352-unit multifamily community located at 10500 Irma Drive in Northglenn, CO, for $100.5 million. This substantial buy marks the Los...
2050 Grand Concourse

Governor Hochul Announces Completion of 96-Unit Affordable and Supportive Housing Development in the Bronx...

Governor Kathy Hochul announced the completion of 2050 Grand Concourse, an affordable and supportive housing development with 96 apartments in the Bronx’s Fordham Heights neighborhood. The all-electric development was awarded funding from the State’s...
Yield PRO