Thursday, September 19, 2024

Deal boom

Apartment deals, mergers and acquisitions

2,048-Unit Metroplex value-add portfolio sold after 30-year hold

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of the Quality Estates Value-Add Portfolio, an eight-property, 2,048-unit multifamily portfolio located throughout the Dallas/Fort Worth Metroplex. “The portfolio gives the new...

Pathfinder Partners acquires ninth Seattle-area multifamily community

Pathfinder Partners, a San Diego-based firm specializing in value-add real estate investments, has announced the $18 million acquisition of Astoria Apartments – a 125-unit multifamily community located in the Seattle-Tacoma metro area at 5700...

Red Capital Group provides $52.5 million to preserve affordable housing in Houston, Texas

Red Mortgage Capital LLC, the proprietary debt banking arm of comprehensive capital provider Red Capital Group, LLC (RED), announced the closing of a $52.5 million financing deal with Dalcor Holdings LLC for Vista on...

Alliance Residential Company, Dwelo, Google and Nest collaborate on largest smart apartment rollout in...

Alliance Residential Company, in collaboration with Dwelo, Google and Nest, announces the launch of its "Alliance SmartHome" technology package across more than 25,000 luxury apartments nationwide. Utilizing thermostat and lighting control, digital home access...

Northwest San Antonio multifamily sale brokered by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Fredericksburg Place, a 224-unit apartment complex in northwest San Antonio, Texas. “The market for multifamily value-add assets in San Antonio is...

FHLBank San Francisco awards $65.9 million for 70 affordable housing developments in seven states

The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today awarded $65.9 million in Affordable Housing Program (AHP) grants to 70 projects that will construct or rehabilitate 6,067 units of housing affordable...

Four multifamily assets sold in 1031-Exchange transactions for $67.7 million

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of four Southern California multifamily properties valued at $67.7 million. All...

Revel Eagle, a refined senior community in Eagle River, now pre-leasing

The Wolff Company—a Scottsdale-based private equity firm and developer—today announced that pre-leasing has begun for its new refined senior community: Revel Eagle. Located within the prestigious Eagle River development adjacent to Reid Merrill Park,...

Rose Community Capital arranges $16.1 million financing for rehabilitation of Fenway Manor in Cleveland,...

Rose Community Capital, a MAP designated FHA Lender and the residential financing division of the Jonathan Rose Companies, has secured a $16,119,100 Section 221(d)4 Substantial Rehab loan for Fenway Manor, a 143-unit affordable housing...

Meridian Capital Group arranges $72 million in acquisition financing for the condominium deconversion of...

Meridian Capital Group, America’s most active dealmaker, arranged $72 million in acquisition financing for the condo deconversion of Kennelly Square in Chicago, IL into multifamily rental units, on behalf of Strategic Properties of North...

Meridian Capital Group arranges $46 million in financing for a multifamily community in Raritan,...

Meridian Capital Group, America’s most active dealmaker, arranged $46 million in financing to refinance a multifamily community in Raritan, NJ on behalf of Castle Lanterra Properties. The five-year loan, provided by a balance sheet lender,...

Jefferson Apartment Group sells Jefferson Lighthouse Place for $55 million closing out the Starwood...

Jefferson Apartment Group, a leading multifamily developer and operator specializing in premier apartment communities throughout the Eastern U.S., announces today the sale of Jefferson Lighthouse Place, a 243-unit luxury apartment community in Pompano Beach,...

IPA brokers Metroplex multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Villas Central Park, a 249-unit multifamily property in Grand Prairie, Texas. “Villas at Central Park achieved stabilization within an impressive timeframe...

Interra Realty brokers sales of adjacent properties totaling $16.5 million on Chicago’s North Side

Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the sale of 44 apartments and three retail spaces in the 5400 block of North Broadway Avenue in Chicago’s Edgewater...

Two Brighton multifamily properties totaling 76 units trade for a combined $9.5 million

Transwestern today announces it brokered the sale of two multifamily properties totaling 76 units for a combined $9.5 million, a record-setting price in Brighton for vintage assets. Senior Vice President Tom Wanberg and Vice...
Yield PRO