Deal boom

Apartment deals, mergers and acquisitions

14654 Gault Street

Transwestern brokers sale of two multifamily buildings in 1031 exchange in Los Angeles

Transwestern Real Estate Services (TRS) announces its Los Angeles Multifamily Investment Services Group has brokered the sales of 14654 Gault St., a luxury fourplex in Van Nuys, and 5631 Whitnall Highway, a newly built...
7000 Wisconsin Ave

Capitalization closed for Class A multihousing development at 7000 Wisconsin Ave.

JLL Capital Markets announced that it closed the capitalization for a Class A multihousing development located at 7000 Wisconsin Ave. in Bethesda, Maryland, which is less than 10 miles from Washington D.C. The high-rise development...
701 NE 16th Ave

Franklin Street arranges $10.3 million sale of 43-unit multifamily portfolio in Fort Lauderdale, Florida

Franklin Street has arranged the acquisition of a value-add multifamily portfolio consisting of four properties and 43 units in Fort Lauderdale. The 100 percent occupied, 33,557-square-foot portfolio traded for $10.3 million, or $239,535 per...
Vesta Creeks Run

Middleburg Communities acquires 353-unit Peppertree Apartments in North Charleston, South Carolina for $37.1 million

Middleburg Communities (Middleburg), a Vienna, Virginia-based real estate investment, development and management firm, announces the acquisition of Peppertree Apartments, soon to be rebranded Vesta Creeks Run, in North Charleston, South Carolina for $37.1 million....
202 East 23rd St Gramercy

$56 million construction financing secured for Manhattan multihousing property

JLL Capital Markets announced it has secured $56 million in construction financing for the development of 202 E. 23rd St., a mixed-use, passive house designed, multihousing property consisting of 108 units, located on the...
Alora at West Palm Beach

Berkadia arranges $42 million refinancing for luxury apartments in West Palm Beach

Berkadia announces it has arranged the $42 million recapitalization of Alora at West Palm Beach, a 270-unit luxury apartment community in the heart of West Palm Beach, Florida. Senior Managing Director Charles Foschini and...
Falls at Hunters Pointe

Institutional Property Advisors closes 276-unit multifamily sale in Salt Lake City suburbs

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Falls at Hunters Pointe, a 276-unit multifamily property in Sandy, Utah. “Built in 1994, Falls at Hunters Pointe benefits from the...
The Sovereign

West Shore acquires asset in Fort Worth, Texas

West Shore LLC, a multifamily real estate investment firm, continues to expand with the acquisition of The Sovereign, a luxury apartment community in Fort Worth, Texas. This is West Shore’s fifth acquisition in Texas,...
TwentyNine 24 Brookhaven

CGI+ acquires 712-unit apartment portfolio in Atlanta for $144.75 million

In what is believed to be the largest multifamily transaction in Atlanta in 2021, CGI+ Real Estate Strategies (CGI+), in partnership with a family office, has acquired a two-property, 712-unit multifamily portfolio in Atlanta,...
Crescent Commons

Trion Properties enters Southeast market with acquisition of 288-unit multifamily community in Fayetteville, North...

Trion Properties, a private equity real estate firm based in West Hollywood, California and Miami, Florida specializing in multifamily investments, has entered the Southeast market with the acquisition of Crescent Commons, a 288-unit multifamily...
Walton Ashwood

Westmount Realty Capital’s acquires first multifamily property in Atlanta, expanding national investment portfolio

Westmount Realty Capital announced the acquisition of Walton Ashwood, a Class A apartment community located at 1000 Ashwood Pkwy in the employment district Central Perimeter, home to 33 million square feet of office space,...
Stillwater Palms

TruAmerica buys apartment communities in Nevada, Florida and Utah in transactions totaling $209 million

TruAmerica Multifamily (TruAmerica) has increased its footprint in some of the strongest multifamily markets in the United States after closing last week on garden-style communities in Las Vegas, Nevada; Tampa, Fla.; and Salt Lake...
Campus Palms

Franklin Street arranges $43.2 million sale of student housing community near USF in Tampa

Franklin Street has arranged the sale of Campus Palms, a 230-unit, 570-bed student housing community in Tampa for $43.2 million. The property is located two blocks from the University of South Florida, serving a...
The Vue

Tailwind Investment Group and The Roxborough Group acquire value-add multifamily asset in high growth...

Tailwind Investment Group—a Newport Beach-based privately held commercial real estate investment management company focused on value-add and core-plus multifamily investments in the Western U.S.—and The Roxborough Group—a real estate private equity firm based in San Francisco—announced the acquisition of The Vue, a 197-unit multifamily property...
Novella at Arcadia

Institutional Property Advisors brokers sale of Arizona’s preeminent build-to-rent (BTR) Assets

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of two apartment assets in Phoenix, Arizona. They are 51-unit Novella at Biltmore and 36-unit Novella at Arcadia. “Both assets are boutique,...
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