JLL arranges $23 million financing for Lehigh Valley apartment project
JLL announced today that it has arranged $23 million in financing for the development of DREAM Lehigh Valley, a to-be-built, 200-unit apartment complex in the Lehigh Valley community of Wind Gap, Pennsylvania.
JLL worked on...
JLL arranges sale, financing of Houston multihousing property
JLL announced today that it has closed the sale and arranged financing of Alexan Enclave, a 354-unit, Class A multihousing community located in West Houston’s Energy Corridor.
JLL marketed the property exclusively on behalf of...
JLL closes sale of Central Texas apartment community
JLL announced today that it has closed the sale of Towne Oaks, a 78-unit, value-add apartment community in the Richland Hills area of Waco, Texas.
JLL marketed the property exclusively on behalf of the seller,...
Brookline affordable housing community for senior citizens and residents with disabilities will see extensive...
MassHousing has provided $25 million in financing to the Brookline Housing Authority (BHA) to provide significant improvements to the 100-unit Arthur O’Shea House located at 61 Park Street in Coolidge Corner. The MassHousing financing...
Gelt, Inc. acquires Timber Lodge, a 390-unit value-add apartment community, for $61 million in...
Gelt Inc., a Los Angeles-based real estate investment and asset management firm, announced today it has acquired Timber Lodge for $61 million. The 390-unit value-add apartment community is located about nine miles from downtown...
Seattle urban development site sale closed by Institutional Property Advisors
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of an approximately 17,850-square-foot multifamily development site at 12337 and 12345 30th Ave. NE in Seattle, Washington. The sales price...
Citymark Capital and InterCapital Group acquire Atlanta multifamily portfolio for $69.4 million
National real estate private equity fund manager Citymark Capital, in partnership with InterCapital Group, has acquired a two-property, 554-unit Evergreen apartment portfolio in the Atlanta suburb of Fairburn, GA for $69.4 million. The acquisition...
Pensam closes preferred equity investment for $69 million recapitalization of Denver apartments
Pensam Residential, a national multihousing owner/ operator, has closed on a preferred equity investment to facilitate the $69 million recapitalization of Loft 9, a 418-unit apartment community located in Denver, Colorado.
The sponsor is a...
Parkview Financial provides $28 million construction loan for a 126-unit, 55+ apartment project in...
Parkview Financial announced today it has provided a $28 million construction loan to a San Marcos, CA-based private developer for the development of Paradise Senior Apartments, a five-story, 126-unit 55+ market rate apartment project...
RISE Properties Trust and Cigna acquire Joseph Arnold Lofts Apartments in Seattle, WA
RISE Properties Trust (“RISE”) a Canadian real estate trust based in Seattle, and Cigna Investment Management (“Cigna”), today announced their purchase of Joseph Arnold Lofts in Seattle for $74,500,000. The transaction, brokered by CBRE,...
The Altman Companies acquires land, closes loan and holds groundbreaking ceremony for its two...
The Altman Companies, a nationally recognized developer of exceptional rental apartment communities, announced today that it has closed on the land and its construction loan and held a Groundbreaking Ceremony for its two newest...
JLL arranges financing totaling $117.86 million for New Jersey apartments
JLL announced today it has arranged financing totaling $117.86 million for Everly Roseland, a 360-unit apartment community located in Roseland, Essex County, New Jersey.
JLL worked on behalf of the borrower, Novel Property Ventures, to...
Interra Realty brokers $3.3 million deconversion sale in Evanston, Ill.
Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the $3.3 million deconversion sale of 2151 Ridge Ave., a three-story multifamily building near Northwestern University in Evanston, Ill.
Patrick Kennelly,...
Stepp Commercial completes $2.9 million sale of 652 North Hayworth Avenue, an apartment property...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.9 million sale of 652 North Hayworth, a two-story, nine-unit apartment property in Los Angeles near the cross streets...
Marcus & Millichap arranges simultaneous sale of four Pinellas Park apartment communities
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of the Pinellas Park Portfolio, four-property, 56-unit apartment portfolio located in...
