Monday, September 16, 2024

Deal boom

Apartment deals, mergers and acquisitions

Uptown Square

Institutional Property Advisors Brokers Sale of 512-Bed Student Housing Asset Uptown Square in San...

Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of Uptown Square, a 316-unit, 512-bed, purpose-built student housing asset located adjacent to Texas State University (TXST) in San Marcos, Texas. “One of the...
Green Oaks of Valparaiso

Evergreen Real Estate Group Celebrates Grand Opening of Assisted Living Community Green Oaks of...

Chicago-based Evergreen Real Estate Group announced the completion of Green Oaks of Valparaiso, a three-story, 120-unit assisted living community for low-income seniors in Valparaiso, Indiana. “As our second affordable assisted living community in Indiana, Green...

JLL secures $43M financing for Morris County, New Jersey, apartments

JLL announced today that it has arranged $43 million in financing for Signature Place, a 197-unit, luxury apartment community in Morris Plains, Morris County, New Jersey. JLL worked on behalf of Mack-Cali Realty Corporation, acting...
Parkview Terraces

SPI Advisory Acquires 244-Unit Apartment Community South of Austin, Texas

SPI Advisory finalized the acquisition of Parkview Terraces (formerly known as “Cortland Southpark Terraces”), a newly-renovated 244-unit, Class-A institutional-quality apartment community built in 2009 less than five miles from Austin’s bustling South Congress entertainment...
Axis at The Rim

Institutional Property Advisors finalize Northwest San Antonio apartment asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Axis at The Rim, a 308-unit apartment property in The Rim, a master-planned, mixed-use development in the Forest Crest neighborhood...

Interra Realty Brokers $1.45 million deconversion sale in Oak Park, Ill.

Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the $1.45 million deconversion sale of 244-46 S. Marion St., a 10-unit building in Oak Park, Ill. The buyer intends...
Lakeside on Riverwatch Apartments

Capital Square acquires multifamily community near Augusta for DST offering

Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced the acquisition of Lakeside on Riverwatch Apartments, a 200-unit garden-style multifamily community in...
Cendana District West

Venterra Realty Acquires Cendana District West Multifamily Community Near Houston Texas

Venterra Realty recently acquired the Cendana District West community located in Richmond just 40 minutes outside of Houston, Texas. The 349-unit four-story mid-rise multifamily community was built in 2023 and offers modern one, two, and...

Pathfinder Partners acquires value-add multifamily community in desirable Sacramento suburb

Pathfinder Partners, a San Diego-based firm specializing in value-add multifamily real estate investments, announced the $28,825,000 acquisition of Rosemont Park – a 170-unit apartment community near the center of downtown Rosemont at 9190 Schmuckley...
Arya Peachtree

Cushman & Wakefield arranges $90 million refinancing loan for Arya Peachtree

Cushman & Wakefield announced that the commercial real estate services firm has arranged $90 million in refinancing on behalf of Perennial Properties, Inc. for Arya Peachtree, a 282-unit multifamily property located at 1777 Peachtree St....
Crescent Commons

Trion Properties enters Southeast market with acquisition of 288-unit multifamily community in Fayetteville, North...

Trion Properties, a private equity real estate firm based in West Hollywood, California and Miami, Florida specializing in multifamily investments, has entered the Southeast market with the acquisition of Crescent Commons, a 288-unit multifamily...
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...
580 Anton

Legacy Partners sells 580 Anton, a 250-unit luxury apartment community in Costa Mesa, to...

Legacy Partners, a privately owned national real estate firm, announced the sale of 580 Anton, a five-story, 250-unit luxury apartment community in the Orange County city of Costa Mesa, Calif., to an affiliate of...
Ventana Palms

ABI Multifamily brokers 160-unit Far West Phoenix apartment community for $32.25 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $32.25 million / $201,563 Per Unit / $235.20 Per SF sale of Ventana Palms Apartment...
Marlowe Palomar Heights

Greystar’s Marlowe Palomar Heights Now Leasing Luxury Living Community in Escondido

Greystar, a global leader in the investment, development, and management of real estate, including rental housing, logistics and life sciences announced that Marlowe Palomar Heights, the company's first Marlowe-branded apartment community in California, is...
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