Thursday, September 19, 2024

Deal boom

Apartment deals, mergers and acquisitions

GFI Realty trades Bath Beach 30-unit multifamily building for $7.225 million

GFI Realty Services, LLC announced the $7.225-million sale of 8678 Bay Parkway, a four-story walk-up, 30-unit multifamily property located in the Bath Beach section of Brooklyn. GFI Realty Senior Director Shlomo Antebi represented the...
Sola Westchase

Eastham Capital and Mosaic Partner to Acquire 318-Unit Residential Community Sola Westchase in Houston...

Eastham Capital, a private equity real estate firm dedicated to providing superior, risk-adjusted returns to investors through the transformation of undervalued multifamily real estate, has partnered with Mosaic Residential, a Houston-based multifamily owner-operator in...
Marlow Apartments

$82.57 million construction financing secured for multihousing property in Columbia, Maryland

JLL Capital Markets announced it secured a $82.57 million construction loan for development of the Marlow apartments, a 472-unit community with 32,340 square feet of ground-floor retail located in downtown Columbia, Maryland. JLL worked on...
University Station

ANF Group Celebrates Topping Out of Mixed-Use University Station Development in Hollywood Florida Along...

ANF Group, Inc., a full-service construction firm providing construction management, general contracting, development, and design-build services to the South Florida market, celebrated the topping out of University Station, a new $100 million, mixed-use development...
The Huntley

Next Wave expands Pacific Northwest portfolio; Acquires two multifamily communities totaling 110 units in...

Next Wave Investors, LLC (Next Wave), a private equity firm focused on value-add multifamily investments, has acquired two multifamily assets in the Portland metro submarket of Beaverton, Oregon for a total of $30.5 million:...
Keystone Apartments

Magma Equities continues to expand its holdings in North Carolina with $23.7 million acquisition...

Magma Equities (Magma) in joint venture with Prudent Growth Partners (Prudent Growth) has acquired Keystone Apartments (Keystone), a 202-unit multifamily community in Fayetteville NC, in an off-market transaction for $23.675 million. Magma is one of...
Wilshire Royale

Institutional Property Advisors closes iconic Wilshire Boulevard multifamily sale in Los Angeles for $45.5...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Wilshire Royale, a 193-unit multifamily asset with 8,933 square feet of ground floor retail in Los Angeles, California’s Westlake District....
Sun Valley Apartments

Marcus & Millichap Closes Multifamily Asset Sale Sun Valley Apartments in Madison Wisconsin

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Sun Valley Apartments, a 204-unit apartment complex in Fitchburg, Wisconsin. “Fitchburg is...
Woodbury Apartments

Thayer Manca Residential acquires new Washington state property

Thayer Manca Residential (TMR) has purchased Woodbury Apartments, their newest multifamily property in Olympia, Washington. TMR purchased the 127-unit property for $38,500,000.  With a $2.3m renovation budget, the repositioning plan includes a full redesign of...

Passco Companies acquires 380-unit class a multifamily community in Jacksonville, Florida for $70 million

Passco Companies, a privately-held California-based real estate company that specializes in the investment, acquisition, development and management of commercial properties throughout the U.S., has acquired The Point at Tamaya, a 2017-built, Class A+, 380-unit...
The Place at Catherine’s Way

Institutional Property Advisors brokers Central Connecticut multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Place at Catherine’s Way, a 303-unit multifamily asset in Manchester, Connecticut. “The property is a 100 percent market-rate, garden-style asset...
Ford Site Redevelopment Rendering

Ryan Companies closes on 122-acre former Ford site

Ryan Companies US, Inc. announced today that it has completed the purchase of the 122-acre parcel of land owned by Ford Motor Company in the Highland Park neighborhood of Saint Paul. The City of...
Integra Peaks at Damonte Ranch

PCCP, LLC provides a $59.3 million senior loan for the acquisition of a 300-unit...

PCCP, LLC has provided a $59.3 million senior loan to LDK Ventures for the acquisition of Integra Peaks at Damonte Ranch, a partially complete, 300-unit, Class A garden-style apartment community in Reno, Nevada. Located...
Limestone Oaks

The Multifamily Group brokers 400 units in San Antonio, Texas

The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced this week it had facilitated Limestone Oaks & Townhomes at Limestone Oaks’ sale in San Antonio. Managing Director Bryce Smith represented the...
The Legends at ChampionsGate

Institutional Property Advisors closes Orlando area multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Legends at ChampionsGate, 252-unit multifamily property in Championsgate, a planned community in the Orlando, Florida metropolitan area. “Orlando is ranked...
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