Thursday, September 19, 2024

Deal boom

Apartment deals, mergers and acquisitions

Helix Apartments

Equity Residential Buys Newly-Constructed Weymouth Multifamily Property Helix Apartments for $63M

Equity Residential has acquired the 160-unit Helix Apartments in Weymouth, Massachusetts for $62.6 million. The property is a redevelopment of the former Boston Motel site from Trinity Green Development, completed late 2023. Helix underwent rezoning...
Westville Village Apartments

Institutional Property Advisors closes 294-unit multifamily asset in Connecticut

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Westville Village Apartments, a 294-unit apartment complex in New Haven, Connecticut. “New Haven’s ongoing growth in the educational, biotech and medical...
The Spruce

Affiliated Development Closes $50M Loan and Commences Construction of The Spruce

South Florida-based Affiliated Development has closed on $50 million in financing and started construction on the firm’s newest multifamily development project in West Palm Beach, The Spruce. Located in the heart of Northwood Village off...
Northgate II

HUD Announces More Than $5M in New Investments Grant for Northgate II in Camden...

The U.S. Department of Housing and Urban Development (HUD) Acting Secretary Adrianne Todman traveled to Camden, New Jersey, to announce a $5,640,000 grant to Northgate II, a 402-unit affordable housing development in North Camden,...
Millennium South Bay Apartments

Standard Communities leads public-private partnership transitioning 230 market rate units to middle-income housing in...

Standard Communities, a leading affordable housing investor and developer,has led a public-private partnership that acquired Millennium South Bay Apartments, a 230-unit community in Hawthorne, Calif., utilizing California's innovative public-private partnership structure designed to facilitate...
The Parc at Gatlin Commons

New multihousing community financed for $35.42 million in Florida’s Treasure Coast

JLL Capital Markets announced that it has arranged a $35.42 million in acquisition financing for The Parc at Gatlin Commons, a brand new, 200-unit, garden-style multihousing community in Port St. Lucie, Florida. JLL worked on...
Haven on Long Grove

Standard Real Estate Investments and The Vistria Group Acquire Haven on Long Grove Multifamily...

Standard Real Estate Investments, LP (Standard), a minority-owned national real estate firm with offices in Los Angeles and Washington, D.C., and The Vistria Group, LP (The Vistria Group), a private investment firm that seeks...
Chateau Spring Terrace

$10.75 million financing secured for a California multihousing community owned by Universe Holdings

JLL Capital Markets announced that it has arranged the $10.75 million refinancing of Chateau Spring Terrace, a 56-unit multihousing community located in La Mesa, California. JLL worked on behalf of the borrower, Universe Holdings, to...
Old Frontier Road

The Mogharebi Group Arranges the Sale of 14.3 Acres of Land on Old Frontier...

The Mogharebi Group (“TMG”) has arranged the $2.4 million sale of six contiguous land parcels on Old Frontier Road totaling 14.3 acres in Silverdale, Washington to Bode, a Washington-based multifamily developer. “The seller, a Washington-based...
Advenir at Legado Ranch

JLL arranges financing for West Texas apartment complex

JLL announced today that it has arranged financing for Advenir at Legado Ranch, a 360-unit, garden-style apartment complex in the West Texas market of Odessa. JLL worked on behalf of the borrower, Advenir, LLC, to...
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