Thursday, November 28, 2024

Deal boom

Apartment deals, mergers and acquisitions

253-unit value-add multifamily asset sells in Salt Lake City

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Country Lake Apartments, a 256-unit multifamily property in Salt Lake City. “Propelled by robust job growth for degreed positions, demand for...

CPC, Cardinal Court Apartments LLC and Partners celebrate transformation of vacant buildings into new...

The Community Preservation Corporation (CPC), Cardinal Court Apartments LLC and partners held a ribbon cutting on Wednesday, October 17th to celebrate the opening of 40 Cannon located at 40-44 Cannon Street in Poughkeepsie, New...

Strategic Student & Senior Housing Trust breaks ground on expansion of senior housing community...

Strategic Student & Senior Housing Trust, Inc. (SSSHT), a public, non-traded real estate investment trust sponsored by SmartStop Asset Management, LLC (SmartStop), announced today that SSSHT has broken ground on an expansion of Courtyard...

240-unit suburban Phoenix apartment asset sold by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Indigo Springs, a 240-unit apartment complex in Mesa, Arizona. “The southeast Valley’s strong economic fundamentals are creating opportunities for multifamily property...

The Donaldson Group takes over management of 625 apartments in Richmond and Norfolk, VA

The Donaldson Group (TDG) of Rockville, MD has continued to expand southward beyond its base in the Washington, DC metro area, adding 625 units to its current 11,000-unit multifamily management portfolio. The company has...

Timberland Partners announces purchase of The Retreat of Shawnee, Shawnee, KS, 342 units

Minneapolis based Timberland Partners is pleased to announce the acquisition of The Retreat of Shawnee, located in Shawnee, Kansas. Founded in 1992, the company now owns and manages 69 apartment communities totaling 13,574 units...

Skender completes independent living facility rehabilitation in Oakland

Skender, serving as general contractor, recently completed a 50,000-square-foot full-building rehabilitation of Lake Merritt Apartments, an affordable housing development located at 1417 1st Avenue in Oakland, California. The four-story independent living facility is owned...

WestCorp Management Group takes over management of Summerlin and Henderson Apartment Communities

WestCorp Management Group has taken over management at Mariner at South Shores near Summerlin, and Cielo Apartment Homes in Henderson. Both properties feature one, two and three-bedroom floor plans, a variety of amenities, and...

Wood Partners announces grand opening of Alta Frisco Square

Wood Partners, a national leader in multifamily real estate development and acquisition, announced the grand opening of its new community—Alta Frisco Square—in Frisco, Texas. A premier residential community located at 6235 Main Street, Alta Frisco...

Colorado Springs to celebrate grand opening of Province Springs, a refined senior community

The Wolff Company—a Scottsdale-based private equity firm and multifamily developer—today announced the grand opening of Province Springs, a new, refined senior community located at 2960 Tutt Blvd in Colorado Springs, across the street from...

Wood Partners announces grand opening of Alta Waterside

Wood Partners, a national leader in multifamily real estate development and acquisition, announced the grand opening of its new community—Alta Waterside—in Fort Worth, Texas. A one-of-a-kind residential community located at 3964 Watercourse Drive, Alta Waterside...

Verandah, the Midwest’s first multicultural retirement community, opens Oct. 28 in Schaumburg Township, Ill.

Aman Living, a Frankfort, Ill.-based developer that combines real estate and medical expertise to create unique active adult communities, invites prospective homebuyers to the Oct. 28 grand opening of its newest Chicago-area development, Verandah...

Timberland Partners announces purchase of Oak Hollow Apartments, Southaven, MS, 277 units

Minneapolis based Timberland Partners is pleased to announce the acquisition of Oak Hollow Apartments, located in Southaven, Mississippi, a suburb of Memphis, Tennessee. Founded in 1992, the company now owns and manages 68 apartment...

Wicker Park Connection, luxury rental tower on Chicago’s Northwest Side, surpasses 75 percent-leased milestone

Chicago-based Hubbard Street Group and co-developer Centrum Realty and Development today announced Wicker Park Connection, a 15-story, 146-unit rental community, is more than 75 percent leased just four months after welcoming first move-ins. Located...

CA Senior Living starts construction on 137-unit Atria Westminster in Suburban Denver

CA Senior Living LLC, the senior housing investment and development division of Chicago-based CA Ventures, today announced it has begun construction on Atria Westminster, a five-story, 137-unit senior living community located at 9560 Sheridan...
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