Monday, May 20, 2024

Deal boom

Apartment deals, mergers and acquisitions

Helix Apartments

Equity Residential Buys Newly-Constructed Weymouth Multifamily Property Helix Apartments for $63M

Equity Residential has acquired the 160-unit Helix Apartments in Weymouth, Massachusetts for $62.6 million. The property is a redevelopment of the former Boston Motel site from Trinity Green Development, completed late 2023. Helix underwent rezoning...
Elan Solea

Walker & Dunlop Announce Newly-Constructed Hialeah Rental Property Elan Solea Hits Market for $151M

Walker & Dunlop Investment Sales (WDIS) has listed for sale Elan Solea, a luxury garden community in the suburbs of Miami. Still Hunter and Kaya Suarez are lead brokers on the deal on behalf...
ID Oakland Park

Ceiba Groupe Announces Grand Opening and Pre-Leasing for 106-unit Luxury Rental Townhome Community ID...

Ceiba Groupe’s newest multifamily development, ID Oakland Park, is now open and leasing. The 106 luxury rental townhomes are in the heart of Oakland Park, Florida and represent the first exclusively for-rent townhome community...
Apartments at Radbourne Lake

Lion Enters Charlotte Market with Off-Market Multifamily Property Acquisition of The Apartments at Radbourne...

Lion Real Estate Group, LLC ("LREG"), a Dallas-based real estate investment and asset management firm focused on acquiring value-add and opportunistic multifamily properties, purchased The Apartments at Radbourne Lake, a 225-unit multifamily property in...
Willoughby Corner

FirstBank Announces $55M in Financing for Affordable Housing Development Willoughby Corner Near Denver

FirstBank, one of the nation’s largest privately held banks with a focus on “banking for good,” has financed over $500 million in affordable housing since 2020. Recently FirstBank financed $55 million in loans for...
Pointe on Westshore

American Landmark Apartments Acquires Class A Tampa Apartment Community The Pointe on Westshore

American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, has acquired The Pointe on Westshore, a 444-unit apartment community nestled in the vibrant city of Tampa, Florida. This acquisition signifies American Landmark's...
Prose LaGrange

Alliance Residential Company Opens Brand-New Multifamily Community Prose Lagrange in LaGrange Georgia

Alliance Residential Company, one of the largest multifamily developers in the nation, has opened Prose LaGrange, it’s fifth Prose branded community in Georgia. Designed by architect Dynamik Design, the community’s 315 apartments offer one- and...
Millbrook Horizon

Garden Communities Welcomes First Move-Ins for Millbrook Horizon in Edison New Jersey

Garden Communities has welcomed the first residents to Millbrook Horizon, a collection of 40 luxury rental apartments in the heart of suburban Middlesex County, New Jersey. Millbrook Horizon brings a fresh, elegantly designed element to...
Prose Columbus

Alliance Residential Company Opens Multifamily Community Prose Columbus in Columbus Georgia

Alliance Residential Company, one of the largest multifamily developers in the nation, has opened the doors to Prose Columbus, its fourth Prose branded community in Georgia. Less than 80 miles from Atlanta and the second...
425-429 Avenue C

HKS Closes $5.4M Loan for Multifamily Asset 425-429 Avenue C in Bayonne New Jersey

HKS Real Estate Advisors announces a modern multifamily complex, 425-429 Avenue C in Bayonne, has recently secured a significant refinancing deal amidst its ongoing lease-up phase. The ownership group behind the newly completed 19-unit apartment...
3Waller

JLL Advised on the Sale of the 259-micro-unit Multifamily Community 3Waller in Downtown Austin...

JLL Capital Markets announced that it closed the sale of 3Waller, a 259-micro-unit, newly constructed, mid-rise multifamily community in downtown Austin. JLL represented the seller, Transwestern, and Placemakr acquired the asset. Situated at 710 E. 3rd...
Flats at Westshore

Cushman & Wakefield Announce the Sale of 362-unit Multifamily Community The Flats at Westshore...

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of The Flats at Westshore, a recently built 362-unit multifamily community located in Cumming, Georgia. Robert Stickel, Alex Brown, Ashlyn...
Fielder’s Glen

Marcus & Millichap Closes Sale and Arranges Financing for Multifamily Asset Fielder’s Glen in...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale and financing of Fielder’s Glen, a 220-unit multifamily property in Arlington, Texas. Al...
Union at Purple Heart Trail

Construction on New Affordable Housing Community Union at Purple Heart Trail from The Annex...

The Annex Group®, a leading impact housing developer that creates affordable, workforce, student, active adult and market-rate housing communities, announces plans to develop an affordable housing community known as Union at Purple Heart Trail...
Pointe at Eastgate

Cambridge Realty Capital Provides Refinancing on The Pointe at Eastgate Assisted Living Facility Near...

Cambridge Realty Capital provided a $15.52 million HUD Lean loan to refinance The Pointe at Eastgate, an assisted living facility located in Algonquin, Illinois. Brent Holman-Gomez, Cambridge Senior Vice President, reported that the fully-amortized, 35-year...
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