Thursday, September 19, 2024

Deal boom

Apartment deals, mergers and acquisitions

Cushman & Wakefield arranges sales of two multifamily properties

Cushman & Wakefield has arranged the sales of two apartment communities in the Greenville, South Carolina, MSA. Tai Cohen, Jordan McCarley and Watson Bryant of Cushman & Wakefield represented the sellers in the transactions. The...

Pathfinder Partners sells 75-unit Sienna Lofts apartment community in Portland for $14 million

Pathfinder Partners, a San Diego-based firm specializing in opportunistic real estate investments, announced that it sold its 75-unit Sienna Lofts property—located at 22744 SE Stark Street in Portland’s Gresham neighborhood—for $14 million. The property...
Washington Place

Stepp Commercial completes $6.3 million sale of Washington Place, a 15-unit apartment property in...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $6.3 million sale of Washington Place, a 15-unit apartment property located at 401 Washington Avenue in Santa Monica, California. Principal...
Ellison Cool Springs

McShane to Build 332-unit Mixed-use Development Ellison Cool Springs in Franklin Tennessee

McShane Construction Company was selected by repeat client Flournoy Development Group to build Ellison Cool Springs, a mixed-use community in Franklin, Tennessee that offers 332 apartment units and 15 ground-floor commercial units. “We’re excited to...

Cushman & Wakefield represents Equity Management Partners in $19.6 million sale of Central Florida...

Cushman & Wakefield has arranged the sale of Sterling Pointe, a rental community in Ocala, Florida, for $19.6 million. The fully occupied community is comprised of 73 single-story duplex and quadplex buildings totaling 271...
Boca Garden Portfolio

Boca ATC acquires 144-unit apartment portfolio in Boca Raton

JLL announced today it has arranged $17.78 million in acquisition financing for a 144-unit, garden-style, scattered-site apartment portfolio in Boca Raton, Florida. Working exclusively on behalf of Boca ATC, JLL placed the 10-year, fixed-rate loan...
The Retreat

Institutional Property Advisors brokers and finances $54.1 million Los Angeles County multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Retreat, a 148-unit multifamily asset in Santa Clarita, California. The property traded at $54.1 million, which represents $365,540 per...
Solamar Kissimmee

$35 million non-recourse construction financing secured for build-to-rent townhome development in the Orlando area

JLL Capital Markets announced that it has arranged $35 million in construction financing for the development of Solamar Kissimmee, a 210-unit, build-to-rent townhome community located in Kissimmee, Florida. JLL worked on behalf of the borrower,...
The Horizon at Roslyn

Marcus & Millichap arranges the sale of The Horizon at Roslyn in Long Island...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Horizon at Roslyn, a 50-unit, 55-plus age-restricted luxury apartment building in Roslyn, New...
Fairway Gardens

Franklin Street brokers $4.5 million sale of Fairway Gardens in Margate, Florida

Franklin Street has brokered the sale of Fairway Gardens, a 28-unit multifamily property located on a golf course in the city of Margate, Florida. Franklin Street’s Fort Lauderdale multifamily investment sales team, Travis Jones, Dan...
Ascent

Avanath Capital Management acquires Ascent, a 168-unit multifamily community in Denver, Colorado for $58.1...

Avanath Capital Management, LLC, a private real estate investment manager, announces it has acquired Ascent, a 168-unit multifamily apartment community for $58.1 million. The property is located in the Denver suburb of Cherry Creek,...
Union Place

Gelt Venture Partners Acquires 125-Unit Apartment Property for $63.15 Million in Placentia, California

Gelt Venture Partners, LLC is pleased to announce it has acquired Union Place for $63.15 million. The 125-unit apartment property is located at 1500 Cherry Street in Placentia, CA (north Orange County). Built in 2012,...
Cambridge Square Apartments

CPP Announces Development of Affordable Housing Community in Monroeville Pennsylvania

Community Preservation Partners (CPP), a mission-driven affordable housing preservation developer has announced the planned renovation of Cambridge Square Apartments, an affordable housing community just 14 miles east of downtown Pittsburgh. The community will receive extensive renovations,...
The Bowery at Southside

Institutional Property Advisors brokers Metroplex multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Bowery at Southside, a transit-oriented, 303-unit multifamily property in the South Main Village development in Fort Worth, Texas. “The Bowery...
Wilder

Cushman & Wakefield arranges multifamily sale on behalf of Hudgins Companies and Maverick Development...

Cushman & Wakefield announced the commercial real estate services firm has arranged the sale of Wilder, a 381-unit apartment community located in Austin, Texas. John Carr and Ben Fuller of Cushman & Wakefield represented the...
Yield PRO