Sunday, May 5, 2024

Deal boom

Apartment deals, mergers and acquisitions

Populus Pooler

Novare Group, BCDC Announces Opening of Luxury Development Populus Pooler in Savannah

Novare Group and their partners BCDC have completed Populus Pooler, a 316-residence community in Savannah, Georgia. “Novare Group and BCDC are committed to contributing to the growth and prosperity of Pooler, and the grand opening...
Quail Meadows

Kidder Mathews Arranged Financing for Sale of 56-Unit Quail Meadows in Reno for $14.5M

Quail Meadows, located at 5599 Quail Manor Ct, Reno, Nevada, has sold for $14,500,000 to a private real estate investment firm from San Jose, California. Kidder Mathews Senior Vice President Gerrit Hillebrand, CCIM represented the...
7219 N. Sheridan Road

Interra Realty Brokers $8.15 Million Sale of Mixed-Use Vintage Apartment Building in Chicago’s Rogers...

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $8.15 million sale of a 69-unit mixed-use building in Chicago’s Rogers Park neighborhood. The transaction equated to $118,116 per unit. Interra...
HTG Crescent Place

Housing Trust Group Enters Illinois Market with New Affordable Housing Community in the Chicago...

Housing Trust Group (HTG), a leading multifamily developer that develops, builds, and manages a $4 billion portfolio of affordable, workforce, market-rate, and senior housing, is excited to announce the completion and grand opening of...
Parc Broadway

Institutional Property Advisors Closes and Finances Parc Broadway in Tempe Arizona for $100M

Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of Parc Broadway, a 324-unit multifamily property in Tempe, Arizona. The asset traded for $100.25 million, or $309,414 per unit. IPA Capital...
555 West Grand Avenue

Marcus & Millichap Arranges $18.4M Construction Financing for Development of Multifamily Properties in Escondido...

Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $9,200,000 and $9,115,068 construction loans for the development of a multifamily property located at 555 West...
NOVO Broadway Apartments

MG Properties Acquires NOVO Broadway Apartments in Tempe Arizona for $100.25M

MG Properties, a leading real estate investment and management firm, announced its $100.25M acquisition of NOVO Broadway Apartments (formerly known as Parc Broadway), a residential community located in Tempe, Arizona recently completed by Evergreen...
Woodland Oaks

Montgomery Partners Returns to Sacramento with $13.3M Acquisition of Woodland Oaks Apartments

Montgomery Partners has announced the purchase of Woodland Oaks Apartments, a two-story garden-style apartment complex in Woodland, California. The property is conveniently located a mile from the Westgate Shopping Mall and three miles from the...
The Ridge

Fourth Avenue Capital Acquires The Ridge Apartments in Vancouver Washington within the Portland MSA

Fourth Avenue Capital purchased The Ridge, a Class-B multifamily property located in Vancouver, Washington in an off-market transaction. Fourth Avenue Capital now owns 18 assets across its portfolio, including three other properties in the Portland MSA. Vancouver...
Encore Rise

Encore on the Rise, LLC Completes $47.1M Acquisition of Encore Rise in Conroe, North...

Encore on the Rise, LLC purchased Encore Rise for $47.1 million in Conroe, Texas. The property, built in 2021, boasts 256 units across 3 stories consisting of 1-, 2- and 3-bedroom apartments. "Encore Rise raises...
Appleton Mill

WinnDevelopment Begins Construction on $55M Redevelopment of Historic Mill Complex in Western Massachusetts

Holyoke city officials and legislative leaders joined WinnDevelopment executives and Massachusetts housing lenders to break ground on a $55.3 million adaptive reuse transformation of a long-vacant, historic mill complex that will be transformed into...
Broadstone 2Thirty

Alliance Residential Company Opens Broadstone 2Thirty on Memorial Drive Corridor in Downtown Atlanta

Alliance Residential Company, one of the largest multifamily developers in the nation, is proud to announce the opening of Broadstone 2Thirty, a 278-unit apartment community located along Atlanta’s vibrant Memorial Drive Corridor. Situated in Atlanta’s...
Prospect Estates

MassHousing has Closed on $7.55M in Financing for the Acquisition and Renovation of the...

MassHousing has closed on $7.55 million in affordable housing financing to Affordable Housing and Services Collaborative (AHSC) for the acquisition and renovation of the 25-unit Prospect Estates in Webster, Massachusetts. “Prospect Estates is an important...
Marcus & Millichap, Archer

Marcus & Millichap Announces Strategic Partnership with Real Estate Technology Firm Archer

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced a strategic partnership that includes an equity investment and commercial relationship with Archer, a...
Bainbridge Nona North

The Bainbridge Companies LLC Celebrates Grand Opening of Bainbridge Nona North in Florida

The Bainbridge Companies LLC, a fully integrated family of real estate companies, announced the grand opening of its newest residential community, Bainbridge Nona North, in Orlando, Florida. “Bainbridge Nona North is in the fastest-growing community...
Yield PRO