Saturday, May 18, 2024

Deal boom

Apartment deals, mergers and acquisitions

Azure

MBK Rental Living Sells Santa Maria Apartment Community Azure

MBK Rental Living has successfully executed the sale of Azure, a 318-unit, luxury garden-style apartment community in Santa Maria, California. Developed by MBK Rental Living and opened in September 2020, the luxury apartment community consists...
Crofthouse McDonough

McShane Completes Crofthouse McDonough Apartments in Georgia

McShane Construction Company is pleased to announce the completion of Crofthouse McDonough, a new multi-family community in McDonough, Georgia. Built for repeat client South City Partners, the development offers 280 units across six buildings....
501 Estates

Jefferson Apartment Group, STARS REI Announce First North Carolina Acquisition with 501 Estates

Jefferson Apartment Group (JAG), with STARS REI (Stars), continues to build a presence in North Carolina with the acquisition of 501 Estates, an established multifamily community in Durham central to Duke University and University...
Audubon Estates

JLL Capital Markets Arranged Financing for 700-site Audubon Estates in Alexandria Virginia

JLL Capital Markets announced that it has arranged the refinancing for Audubon Estates, a five-star, 700-site manufactured housing community located near Washington, D.C. in Alexandria, Virginia. JLL worked on behalf of the borrower, Hometown America,...
Steamboat Basecamp

Capital Square JV Completes Phase One Construction of Steamboat Basecamp Multifamily Development in Steamboat...

Capital Square, one of the nation's leading sponsors of tax-advantaged real estate investments and an active developer and manager of multifamily communities, announced the completion of construction of phase one for Steamboat Basecamp, a...
Trailhead at Chisholm Trail

MW Builders Tops Out on Trailhead at Chisholm Trail in South Fort Worth

MW Builders, a national general construction company specializing in preconstruction, design-build, general construction and construction management, has topped out on Trailhead at Chisholm Trail, a 284-unit, seven-building luxury multifamily community located in South Fort...
Roselle Station Luxury Apartments

DMG Capital, JDI Realty and Wolcott Realty Acquire Roselle Station Luxury Apartments Near Chicago

DMG Capital, the multifamily investment affiliate of Chicago-based Daniel Management Group (DMG) completed the acquisition of Roselle Station Luxury Apartments, a 72-unit apartment community located in Roselle, Illinois. DMG Capital partnered with JDI Realty (JDI)...
Oak Grove Vista

Vista Residential Partners Announces Groundbreaking for 302-unit Oak Grove Vista in McDonough Georgia

Vista Residential Partners, a national multifamily development firm, has broken ground on Phase I of a two-phase mixed-use development, Oak Grove Vista. The entirety of the mixed-use development will include 348 multifamily units and 40,000...
Residences at Chestnut

Lincoln Avenue Communities Breaks Ground on Affordable Housing Development Residences at Chestnut in Manchester...

Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, broke ground on the future site of The Residences at Chestnut, an affordable housing development in Manchester, during a ceremony with community...
Northport, Victorville CA

Mogharebi Group Arranges Sale of 60-unit Northport Apartments in Victorville California for $8.5M

The Mogharebi Group (TMG) has arranged the $8.5 million sale of Northport, a 60-unit multifamily community in Victorville, California, to the Housing Authority of the County of San Bernardino (HACSB). Located at 14243 Rodeo Dr....
Westwood Apartments

Interra Realty Brokers $11M Sale of Westwood Apartments in North Suburban Chicago, Waukegan

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $11 million sale of Westwood Apartments, an 11-building, 132-unit multifamily property in Waukegan, a northern suburb of Chicago, Illinois. The...
Tropicana Apartments

CBRE Arranges Sale of 21-Unit Tropicana Apartments in Huntington Beach California for $7.05M

CBRE announced the sale of Tropicana Apartments, a 21-unit multifamily community in Huntington Beach, California to a private all-cash buyer. The sale price of $7.05 million represents a sale price of $698 per square...
Colman Yards

Work begins on Phase One of $430M Colman Yards Mixed-Use Development in Illinois

Chicago contractor ENC Construction & Development recently broke ground on the first phase of the $430 million Colman Yards development in Rockford, Illinois, for Milwaukee-based developer J. Jeffers & Co. The project team will redevelop...
The Columns at Westchase

ECI Group Announces Sale of The Columns at Westchase Apartments in Houston to Mosaic...

ECI Group (ECI) announces the sale of The Columns at Westchase apartments in Houston, Texas to Mosaic Residential. The 318-unit community located in the heart of Houston was built in 1999 and acquired by...
The Tobin Estate

Rosewood Property Now Leasing South Texas Multifamily Development The Tobin Estate

Rosewood Property Company is now leasing the second phase of The Tobin Estate Apartments. Located at 3310 Oakwell Court in northeast Alamo Heights and spanning 11 acres, this property has added 311 apartment homes to...
Yield PRO