Wednesday, November 27, 2024

Deal boom

Apartment deals, mergers and acquisitions

Trez Forman Capital Group Closes $17.2 Million Loan to Fund New Residential Development in...

Florida-based Trez Forman Capital Group has completed a $17.24 million loan that will be used to fund the purchase of a 138-acre parcel in Hillsborough, North Carolina, just outside of Durham and Chapel Hill....

1,024 bed student housing asset sold by the Shin–Zylstra team of Marcus & Millichap

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Northpoint, a 154-unit, 1,024-bed student housing property located in Rexburg,...

Cambridge arranges $32.7 million HUD loan to refinance Zion Towers

Cambridge Realty Capital Companies reports funding a $32,750,000 HUD insured loan to purchase and moderately rehabilitate Zion Towers, a 211-unit affordable elderly housing complex located in Baltimore, MD. Jeffery A. Davis, Cambridge Chairman, said...

Passco Companies acquires 360-unit class a luxury multifamily community in Sarasota, Florida for $77.5...

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 announced that it has acquired a Class A, institutional grade,...

CA Senior Living announces construction start on senior housing expansion in Suburban Seattle

CA Senior Living LLC, the senior housing investment and development division of Chicago-based CA Ventures, today announced construction is underway on an expansion that will nearly double the number of units at Quail Park...

$53 million North Seattle multifamily asset sold by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Origin Apartments, a seven-story, 153-unit multifamily asset in Seattle. The property sold for $53 million, which equates to $346,405 per...

$22 million multifamily high-rise sold by Marcus & Millichap

Marcus & Millichap has announced the sale of Robert Towers, a 11-story, 206-unit multifamily asset in East Orange, New Jersey. The property sold for $22 million, which equates to $106,796 per unit. Marcus &...

Meridian Capital Group arranges $37.5 million in financing for two multifamily properties in Savannah,...

Meridian Capital Group, America’s most active dealmaker, arranged $37.5 million in financing for the refinance of two multifamily properties located in Savannah, GA, and Lexington, KY. The seven-year loan for the Savannah property features a...

IPA brokers two-property West Texas multifamily portfolio sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of a two-property Texas multifamily portfolio totaling 568 units. The properties are Sundance Creek, a 300-unit community in Midland and Sedona...

$300 million in multifamily sales closed in three weeks

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces that Steve Gebing and Cliff David closed six multifamily property transactions totaling $300 million and 1,557 units between April 12 and May 4...

Model homes at new Chula Vista community now complete, grand opening set for June...

San Diego-based Pathfinder Partners, LLC – which specializes in opportunistic real estate investments – and homebuilder Lanshire Housing Partners, LLC have recently completed construction on the model homes at Bahia Vista II, a new...

The leasing of the residences at Maitland City Centre has commenced as development reaches...

The Allen Morris Company, one of the largest diversified real estate firms in the southeast, today announced that leasing of the residences at Maitland City Centre® has commenced and RAM Partners, LLC—a nationally-renowned full...

$20.9 million student housing portfolio trades hands in North Carolina

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Deacon Properties, a 64-home, 251-bed student housing portfolio in Winston-Salem,...

Coastal Texas multifamily value-add asset sold by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Sendera Baypoint, a 350-unit multifamily asset on Oso Bay in Corpus Christi, Texas. “The property’s historically strong performance and recent upgrades...

Alliance Residential starts Broadstone Queen City

Alliance Residential Company, one of the largest privately-held multifamily developers in the country, has broken ground on Broadstone Queen City, a 260-unit luxury apartment community where South End meets Uptown in Charlotte, N.C. An homage...
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