Monday, September 16, 2024

Deal boom

Apartment deals, mergers and acquisitions

Chatsworth Apartments

ECI Group announces sale of Chatsworth Apartments in Chamblee, Georgia

ECI Group announces the sale of Chatsworth Apartments in the Central Perimeter area in Chamblee, Georgia for $87 million. The 410-unit, 1980 vintage community was acquired by ECI in 2018 and underwent an extensive...
Lexington Apartment Homes

Cushman & Wakefield arranges sale of The Lexington, one of Sarasota’s most competitive Class...

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of The Lexington Apartment Homes, a 267-unit apartment community located at 3510 Cheshire Square in Sarasota, Florida. Cushman & Wakefield’s...

$28 million multifamily asset sold in 1031 Exchange

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Vio Costa Mesa, an 84-unit multifamily property in Costa Mesa,...
Naranja Grand

Housing Trust Group & Elite Equity Development Celebrate Top-off for $115M Naranja Grand Community...

Housing Trust Group (HTG), a leading multifamily developer, celebrated a significant milestone with the topping off of Naranja Grand, a 320-unit affordable housing community in southern Miami-Dade County. In partnership with Miami Lakes-based Elite...
Majestic

JLL arranges $140 million construction financing for latest mixed-use Gowanus development

JLL Capital Markets announced that it has arranged $142 million in construction financing for Majestic, a ground-up, Class A mixed-use development with 255 multihousing units and 18,000 square feet of commercial space, located at...

New Jersey property gets construction financing for redevelopment

JLL Capital Markets announced it has arranged construction financing for Iron Ore Properties for the development of a 25,000-square-foot mixed-use building with 11 luxury apartments at 104 Baker Street in downtown Maplewood, New Jersey. JLL...
Nexus at Sandhill

Cushman & Wakefield arranges $35.7 million sale on behalf of VAS Apartments, LLC, an...

Cushman & Wakefield announced the commercial real estate services firm has arranged the $35.7 million sale of Nexus at Sandhill, a 240-unit apartment community located in Columbia, South Carolina. Tai Cohen, John Phoenix and Richard...
The Russell Apartments

SB Real Estate Partners enters Las Vegas multifamily market with $67 million acquisition near...

SB Real Estate Partners (SBREP) has acquired The Russell Apartments, a 241-unit garden-style apartment home community for $67.0 million, marking the California-based multifamily investment firm’s entry into the Las Vegas real estate market. The Russell...
Prairie Ridge Apartments

FCP and VaultCap Partners acquire again in Grand Prairie, Texas with acquisition of 100-unit...

FCP and VaultCap Partners have followed their July 2021 acquisition of Corey Place Apartments with the purchase of the adjacent 100-unit Prairie Ridge Apartments. The venture plans to combine the properties under a new name,...
Shoma 88

Shoma Building 546K-SF Kendall Mixed-Use Multifamily Project Shoma 88 South of Miami

Shoma Group is launching Shoma 88, a mixed-use development in Kendall, a suburb of Miami, Florida. Standing 28 stories tall, Shoma 88 comprises 405 rental units, averaging 920 square feet. At least 40 percent of...
Desert Shadows

Thayer Manca Residential adds Tucson property to growing Arizona portfolio

Thayer Manca Residential (TMR) has purchased their newest multifamily property in Tucson, Ariz. TMR purchased Desert Shadows, a 338-unit property for $69,300,000.  Desert Shadows is the third property in TMR’s growing Tucson portfolio. TMR acquired...
Appleton Square

CBRE Multifamily Group sells Appleton Square for $29.3 million

The CBRE Capital Markets team announced the sale of Appleton Square located at 171-176 East Street in Methuen, Massachusetts, for $29,300,000. CBRE multihousing experts Simon Butler and Biria St. John exclusively represented the seller, Appleton...
Seminole Trails

256-unit multifamily asset sells in Tallahassee

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Seminole Trails, a 256-unit apartment property located in Tallahassee, Fla., according...
Talia Apartments

CBRE Arranges $74 Million Sale of 225-Unit Multifamily Community Talia Apartments in Marlborough

CBRE announced the completion of the $74 million sale of Talia Apartments, a 225-unit luxury apartment community located in Marlborough, Massachusetts within the dynamic MetroWest employment market. This residential community was acquired by a...
Monterosa Villas

ABI Multifamily brokers Biltmore area apartment community for $6.95 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western U.S., is proud to announce the $6,947,500 / $365,658 per Unit / $158.55 per SF sale of Monterosa Villas, a 19-unit...
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