Thursday, September 19, 2024

Deal boom

Apartment deals, mergers and acquisitions

$53 million North Seattle multifamily asset sold by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Origin Apartments, a seven-story, 153-unit multifamily asset in Seattle. The property sold for $53 million, which equates to $346,405 per...

$22 million multifamily high-rise sold by Marcus & Millichap

Marcus & Millichap has announced the sale of Robert Towers, a 11-story, 206-unit multifamily asset in East Orange, New Jersey. The property sold for $22 million, which equates to $106,796 per unit. Marcus &...

Meridian Capital Group arranges $37.5 million in financing for two multifamily properties in Savannah,...

Meridian Capital Group, America’s most active dealmaker, arranged $37.5 million in financing for the refinance of two multifamily properties located in Savannah, GA, and Lexington, KY. The seven-year loan for the Savannah property features a...

IPA brokers two-property West Texas multifamily portfolio sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of a two-property Texas multifamily portfolio totaling 568 units. The properties are Sundance Creek, a 300-unit community in Midland and Sedona...

$300 million in multifamily sales closed in three weeks

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces that Steve Gebing and Cliff David closed six multifamily property transactions totaling $300 million and 1,557 units between April 12 and May 4...

Model homes at new Chula Vista community now complete, grand opening set for June...

San Diego-based Pathfinder Partners, LLC – which specializes in opportunistic real estate investments – and homebuilder Lanshire Housing Partners, LLC have recently completed construction on the model homes at Bahia Vista II, a new...

The leasing of the residences at Maitland City Centre has commenced as development reaches...

The Allen Morris Company, one of the largest diversified real estate firms in the southeast, today announced that leasing of the residences at Maitland City Centre® has commenced and RAM Partners, LLC—a nationally-renowned full...

$20.9 million student housing portfolio trades hands in North Carolina

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Deacon Properties, a 64-home, 251-bed student housing portfolio in Winston-Salem,...

Coastal Texas multifamily value-add asset sold by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Sendera Baypoint, a 350-unit multifamily asset on Oso Bay in Corpus Christi, Texas. “The property’s historically strong performance and recent upgrades...

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...

IPA brokers luxury Texas multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Twin Creeks at Alamo Ranch, a 300-unit luxury multifamily asset in San Antonio, Texas. “The San Antonio multifamily market continues to...

LCS reaches agreement with Ocean Land Investments to provide development consulting and management services...

LCS and Ocean Land Investments today announced that the companies have reached an agreement to provide development consulting, marketing, and management services for Riverwalk Residences of Las Olas, South Florida’s newest, urban high-rise senior...

Value-add multifamily opportunity available in Connecticut

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces it is the exclusive listing agent in the marketing for sale of The Place at Catherine’s Way, a 303-unit, 100-percent market- rate multifamily...

Brand-new suburban apartment asset trades in Orlando

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of The Alexander at Sabal Point, a newly constructed, 286-unit multifamily...

$69.25 million multifamily asset in Arizona sold by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Alta Steelyard Lofts, a core Class “A” mid-rise, 301-unit multifamily property located Chandler, Arizona. The property sold for $69.25 million,...
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