Passco Companies acquires 380-unit class a multifamily community in Jacksonville, Florida for $70 million
Passco Companies, a privately-held California-based real estate company that specializes in the investment, acquisition, development and management of commercial properties throughout the U.S., has acquired The Point at Tamaya, a 2017-built, Class A+, 380-unit...
$41 million suburban Phoenix multifamily asset sold by IPA
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Adobe Ridge, a 224-unit multifamily asset in Glendale, Arizona. The property sold for $41 million, which represents $183,036 per unit. “The...
Paramount Assets adds 560 Broad Street to its Newark portfolio downtown commercial property eyed...
Paramount Assets has added 560 Broad Street to its Newark property portfolio. Located between Lombardy and Fulton streets, the acquisition encompasses a 33,000-square-foot, four-story office building vacant at the time of sale, and an...
Trez Forman Capital Group continues Carolinas push with $42 million construction loan
Trez Forman Capital Group has closed a $42 million construction loan for a large-scale residential development in the Charlotte, N.C. suburb of Huntersville. The borrower plans to develop a Class A, 20-building community with...
Dominium completes 1.5 million renovation of new luxury apartment community in Beaufort
Dominium, a Minneapolis-based leading apartment owner, developer and manager, announced today the completion of the renovation of the 160-unit development in Beaufort, South Carolina. The property formerly known as Waterford Cove has been converted...
2,048-Unit Metroplex value-add portfolio sold after 30-year hold
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of the Quality Estates Value-Add Portfolio, an eight-property, 2,048-unit multifamily portfolio located throughout the Dallas/Fort Worth Metroplex. “The portfolio gives the new...
Pathfinder Partners acquires ninth Seattle-area multifamily community
Pathfinder Partners, a San Diego-based firm specializing in value-add real estate investments, has announced the $18 million acquisition of Astoria Apartments – a 125-unit multifamily community located in the Seattle-Tacoma metro area at 5700...
Red Capital Group provides $52.5 million to preserve affordable housing in Houston, Texas
Red Mortgage Capital LLC, the proprietary debt banking arm of comprehensive capital provider Red Capital Group, LLC (RED), announced the closing of a $52.5 million financing deal with Dalcor Holdings LLC for Vista on...
Alliance Residential Company, Dwelo, Google and Nest collaborate on largest smart apartment rollout in...
Alliance Residential Company, in collaboration with Dwelo, Google and Nest, announces the launch of its "Alliance SmartHome" technology package across more than 25,000 luxury apartments nationwide. Utilizing thermostat and lighting control, digital home access...
Northwest San Antonio multifamily sale brokered by IPA
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Fredericksburg Place, a 224-unit apartment complex in northwest San Antonio, Texas. “The market for multifamily value-add assets in San Antonio is...
FHLBank San Francisco awards $65.9 million for 70 affordable housing developments in seven states
The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today awarded $65.9 million in Affordable Housing Program (AHP) grants to 70 projects that will construct or rehabilitate 6,067 units of housing affordable...
Four multifamily assets sold in 1031-Exchange transactions for $67.7 million
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of four Southern California multifamily properties valued at $67.7 million. All...
Revel Eagle, a refined senior community in Eagle River, now pre-leasing
The Wolff Company—a Scottsdale-based private equity firm and developer—today announced that pre-leasing has begun for its new refined senior community: Revel Eagle. Located within the prestigious Eagle River development adjacent to Reid Merrill Park,...
Rose Community Capital arranges $16.1 million financing for rehabilitation of Fenway Manor in Cleveland,...
Rose Community Capital, a MAP designated FHA Lender and the residential financing division of the Jonathan Rose Companies, has secured a $16,119,100 Section 221(d)4 Substantial Rehab loan for Fenway Manor, a 143-unit affordable housing...
Meridian Capital Group arranges $72 million in acquisition financing for the condominium deconversion of...
Meridian Capital Group, America’s most active dealmaker, arranged $72 million in acquisition financing for the condo deconversion of Kennelly Square in Chicago, IL into multifamily rental units, on behalf of Strategic Properties of North...
