Wednesday, September 18, 2024

Deal boom

Apartment deals, mergers and acquisitions

Colliers International brokers sale of 140-unit multifamily community in Hampton

The Colliers International Mid-Atlantic Multifamily Advisory Group represented the seller in the sale of Heritage at Settlers Landing, a 140-unit urban mid-rise multifamily development in Hampton. The community at 553 Settlers Landing Road was built...

MassHousing to provide $1.5 million in workforce housing financing for new rental housing community...

MassHousing is providing $1.5 million in affordable housing financing from the Agency’s Workforce Housing Initiative to support the development of the Village at Nauset Green by Pennrose, LLC. The MassHousing workforce housing financing will...
Hanley Place Apartments

Berkadia arranges $56.89 million acquisition loan for 400-unit community in Tampa, Florida

Berkadia announces it has secured $56.89 million in financing for the acquisition of Hanley Place Apartments, a 400-unit community in Tampa, Florida. Managing Director Brad Williamson of Berkadia Miami and Associate Director Wesley Moczul...
Alta Drinkwater

Alta Drinkwater sells for $96.15 million

CBRE has arranged the sale of the 277-unit multifamily community Alta Drinkwater on behalf of Wood Partners to Starwood Real Estate Income Trust, Inc. ("SREIT"), a nontraded REIT managed by Starwood Capital Group, for...
The Clusters

Institutional Property Advisors Brokers Sale of 352-Unit West Texas Multifamily Asset

Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of The Clusters, a 352-unit multifamily asset in Midland, Texas. “Located within the Permian Basin, the second-largest oil and gas shale in the...
Sky Landing Apartments

The Multifamily Group brokers 144-units in White Settlement, Texas

The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced this week it had facilitated Sky Landing Apartments’ sale in White Settlement, Texas. Managing Partner Jon Krebbs represented the seller and procured...
Cabana Encanto

Institutional Property Advisors closes $61 million multifamily asset sale in Greater Phoenix

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Cabana Encanto, a 286-unit attainable housing asset in Goodyear, Arizona. The $61 million sale price represents $213,287 per unit and $354 per square...
Powdermill Village

MassHousing closes on $26.4 million in financing for the refinancing and substantial renovation of...

MassHousing has closed on $26.4 million in affordable housing financing to the non-profit Affordable Housing and Services Collaborative, Inc., to support the refinancing and major rehabilitation of the 248-unit Powdermill Village in Westfield. Powdermill Village...

CGI Strategies acquires troubled multifamily community in Orlando, Florida for $43 million

CGI Strategies has acquired Sola at Celebration, a vacant 306-unit luxury multifamily community in Celebration, FL. The property was purchased from Southstar Capital Group in a transaction valued at $43 million. Developed by Hines in...

Iconic downtown Kansas City landmark for sale at $49 Million

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced it has been awarded the exclusive listing for 909 Walnut, a 34-story Art Deco, Gothic Revival-style building and an adjacent eight-story parking garage...
Ashford 2788

The RADCO Companies announces sale of Ashford 2788 Apartment Complex in Atlanta for $49.5...

The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, announced the sale of Ashford 2788, a 297-unit apartment community in Atlanta, GA to Quintus for approximately $49.5 million. RADCO acquired the...
Gramercy at Town Center

Stonebridge acquires 210-unit Columbia, Maryland apartment community

StoneBridge Investments of Washington, DC, has acquired Gramercy at Town Center, a 210-unit rental apartment community in the heart of fast-growing Columbia, Maryland, for $67 million. Martha Hastings and Bill Roohan of CBRE represented the...
Archer Stone Canyon Apartments

The Milestone Group announces acquisition of 228-unit Archer Stone Canyon Apartments in San Antonio,...

The Milestone Group (Milestone) has announced its acquisition of Archer Stone Canyon Apartments, a 228-unit value add multifamily community in San Antonio, Texas. The purchase price was not disclosed. “Archer Stone Canyon is well-located, proximate...
Center & Stone

Financing secured for Massachusetts multihousing development

JLL Capital Markets announced that it has arranged the construction financing for Center & Stone, a 201-unit, two-building multihousing project with 9,500 square feet of retail space and 10,500 net square feet of amenity...
Ellison

Flournoy Development Group Unveils Dynamic New Brand Identity for Premier Multifamily Developments: Ellison by...

Flournoy Development Group (FDG) is proud to announce the launch of Ellison by Flournoy Development, a new premier multifamily brand dedicated to unparalleled quality, service, and innovation. Ellison represents the culmination of FDG's unwavering dedication...
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