Wednesday, September 18, 2024

Deal boom

Apartment deals, mergers and acquisitions

Adagio at Westshore Palms

RPH Multifamily Group of Marcus & Millichap sells Class-A community for record setting price...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Adagio at Westshore Palms, a 47-unit apartment property located in Tampa,...

Walters completes senior housing community in Manahawkin

Walters, a Barnegat-based developer, has completed Cornerstone At Stafford, a premium age and income-restricted apartment community located at 120 Campbell Blvd. The development adds 100 energy efficient units to the southern Ocean County housing...
The Huntington

Institutional Property Advisors completes luxury multifamily asset sale in Dallas-Fort Worth

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Huntington, a 320-unit, five-story luxury multifamily property in Plano, Texas. “Located within the most prolific growth corridor in the country,...
Promenade at Newnan Crossing

Capital Square Living Assumes Management of Four Multifamily Properties Across Georgia

Capital Square Living, the wholly owned property management subsidiary of Capital Square, announced the assumption of management of four multifamily communities across Georgia. The Georgia properties include High Ridge Apartments in Athens; Bedford Parke Apartments...
Parc Broadway

Institutional Property Advisors Closes and Finances Parc Broadway in Tempe Arizona for $100M

Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of Parc Broadway, a 324-unit multifamily property in Tempe, Arizona. The asset traded for $100.25 million, or $309,414 per unit. IPA Capital...
Ilda’s Overlook

80-Unit Affordable Senior Housing Ilda’s Overlook Opens in Fairfax

Arlington Partnership for Affordable Housing (APAH), the Fairfax County Redevelopment and Housing Authority (FCRHA), and Fairfax County officials celebrated the opening of Ilda’s Overlook Senior Residences in Fairfax, Virginia providing 80 affordable homes for...
Alloy Midtown

Soltrust Announces Office to Apartment Conversion of Alloy Midtown in Phoenix

Soltrust will debut Alloy Midtown, an urban office-to-apartment conversion. Soltrust Residential REIT (Formerly Blueprint Capital REIT) created Alloy Midtown, comprised of two unique structures. On one side of the community, residents will find a converted...
Prospect Heights

Walker & Dunlop Arranges $110M Construction Loan for Class-A Multifamily Development in Prospect Heights...

Walker & Dunlop has arranged a $110 million loan for 880 Atlantic Avenue, a 246-unit Class-A multifamily development in Prospect Heights, Brooklyn. QuadReal Property Group served as the lender. The loan will fund ongoing...
Bay View Estates

CBRE sells Bay View Estates for $20,425,000

CBRE today announced the sale of Bay View Estates in Portsmouth, Rhode Island, for $20,425,000. CBRE Capital Markets’ multihousing experts Simon Butler and Biria St. John exclusively represented the seller, Bay View Apartments LLC, a...
Terri Ann Apartments

Colliers completes sale of Terri Ann Apartments for $6.3 million

Colliers is pleased to announce the sale of Terri Ann Apartments, a 25-unit multifamily building located at 1331 Terry Avenue in Seattle’s First Hill neighborhood. Tim McKay, Dan Chhan, Sam Wayne and Matt Kemper...
Obsidian Capital Partners

Starwood Impact Investors Closes Investment in Obsidian Capital Partners

Starwood Impact Investors, a return-driven investment platform managed by Starwood Capital Group that is dedicated to investing in commercial real estate opportunities controlled by underrepresented partners, announced it has completed its inaugural investment in...
Lexington Apartment Homes

Cushman & Wakefield represents Forest Properties in $42.1 million sale of an apartment community...

Cushman & Wakefield has arranged the sale of The Lexington Apartment Homes, a 267-unit multifamily community in Sarasota, for $42.1 million, or $157,711 per unit. With below-average rental rates currently in place, the garden-style...
Avalon Studio 4121

Gelt, Inc. acquires a 149-unit apartment property in Studio City, California for $76 million

Gelt Inc., a Los Angeles-based real estate investment and asset management firm, is pleased to announce it has acquired Avalon Studio 4121, a 149-unit value-add apartment property located at 4041-4121 Radford Avenue in Studio...
Glendale BFR

Capital Square Acquires Land for Single-Family Build-For-Rent Community Near Phoenix

Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, announced that the firm has closed on construction financing and the acquisition...

Aeon acquires 306-unit Village Club Apartments to preserve affordability

Today Aeon, a nonprofit developer, owner, and manager of affordable homes, completed the purchase of Village Club Apartments, a 306-apartment property in Bloomington. Key partners in the acquisition include the City of Bloomington, the...
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