Friday, May 9, 2025

Deal boom

Apartment deals, mergers and acquisitions

River Park

Westmount Realty Capital acquires River Park, a 27-building multifamily community in Fort Worth

Westmount Realty Capital, LLC announced the acquisition of River Park, a 280-unit, garden-style multifamily community located at 3309 River Park Dr. in southwest Fort Worth. Built in 1985, this well-maintained, 27-building community sits on...
121 East 37th Street

JLL to exclusively market 121 East 37th Street in New York’s Murray Hill

JLL Capital Markets has been retained by PR 121 East 37 LLC to exclusively market and sell 121 East 37th Street in New York’s Murray Hill neighborhood. The 9,124-square-foot residential building includes 11 apartments....
4119 S. Ellis Ave

Interra Realty brokers $2.7 million multifamily sale in Chicago’s Kenwood Neighborhood

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of 4119 S. Ellis Ave., a 23-unit apartment building in Chicago’s Kenwood neighborhood, for approximately $2.7 million, or $117,391...

$34.5 million construction loan arranged by Marcus & Millichap Capital Corporation

Marcus & Millichap, financing subsidiary Marcus & Millichap Capital Corporation (MMCC), has arranged a $34.5 million construction loan for a 48-unit condominium development project in Pasadena, California. “After completing the first phase of the project, with financing...
Tower West Apartments

Jonathan Rose Companies acquires Tower West Apartments on Manhattan’s Upper West Side

Jonathan Rose Companies, one of the country’s leading developers and investors in sustainable, affordable and mixed-income multifamily real estate, has acquired Tower West Apartments, a 217-unit HUD-regulated, partial Section 8, and New York City...
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...
Aventura Apartments

Franklin Street brokers $18.1 million sale of Aventura Apartments in Orlando Florida

Franklin Street has brokered the sale of Aventura Apartments, a 144-unit apartment community located in the city of Orlando, Florida. Franklin Street’s Tampa multifamily investment sales team, Darron Kattan, Zach Ames, Kevin Kelleher and Avery...
Westminster Crossing

Meta Housing breaks ground on 65-unit affordable multifamily development in Westminster, California

Meta Housing Corporation, a Los Angeles-based developer, in a joint venture partnership with Western Community Housing, a Southern California-based non-profit public benefit corporation, has announced the development of Westminster Crossing, a three-story, 65-unit, affordable...
Boardwalk and Park Place Apartments

Universe Holdings acquires three-property multifamily portfolio in Granada Hills for $25.5 million

Universe Holdings has acquired a 122-unit multifamily portfolio in Granada Hills, CA for $25.5 million. The purchase of the 56-unit Boardwalk and Park Place Apartments, the 38-unit Devonshire Apartments and the 28-unit Granada Pine Apartments...
Northridge Apartments

Franklin Street brokers $21 million sale of Northridge Apartments in Saint Petersburg, Florida

Franklin Street brokered the sale of the Northridge Apartments, a 203- unit rental community located in the city of Saint Petersburg, Florida. Franklin Street’s Tampa multifamily team, Kevin Kelleher, Darron Kattan and Zach Ames represented the...
Del Sol Apartments

Central Coast California multifamily asset sells for $25.25 million

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Del Sol Apartments, a three-parcel, 121-unit apartment community in Seaside,...
Centennial Aspen Apartments

Aspen’s largest apartment complex trades hands in Colorado

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Centennial Aspen Apartments, a 149-unit, three-story multifamily property in Aspen, Colorado....
1478 W Byron

Interra Realty brokers $4.05 million off-market sale of apartment building in Chicago’s Lakeview Neighborhood

Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the off-market sale of 1478-80 W. Byron St., a 16-unit apartment building in Chicago’s Lakeview neighborhood, for $4.05 million, or...
Patten East

Mesa West Capital originates $33.5 million loan for acquisition of Austin, Texas apartment community

Mesa West Capital has provided Austin, TX-based real estate investment firm Wildhorn Capital with $33.5 million in short-term, first mortgage debt for the acquisition of a 284-unit multifamily community in Austin, TX. The five-year, floating...
South Hills Apartments

Greater Los Angeles multifamily asset sold by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of South Hills Apartments, an 85-unit apartment property in West Covina, California. The $31.95 million sales price equates to $375,882 per...
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