Saturday, May 18, 2024

Deal boom

Apartment deals, mergers and acquisitions

Hines and Columbia Development Group in partnership with USAA Real Estate to build mixed-use...

Hines, the international real estate firm, along with co-developer Columbia Development Group, LLC and USAA Real Estate, today announced Fenton, a new 69-acre mixed-use district in the Cary submarket of Raleigh/Durham, North Carolina. The development...
Woodland Trails

The Multifamily Group closes 72 units in Nacogdoches, Texas

The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, recently sold Woodland Trails comprised of 72 units in Nacogdoches, Texas. TMG Managing Director Evan Burke worked with the California based seller and...
4001 Nicolet

Levin Johnston completes sale of upgraded 30-unit multifamily community in Fremont, California

Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has directed the sale of 4001 Nicolet, a fully...
Vesta Creeks Run

Middleburg Communities acquires 353-unit Peppertree Apartments in North Charleston, South Carolina for $37.1 million

Middleburg Communities (Middleburg), a Vienna, Virginia-based real estate investment, development and management firm, announces the acquisition of Peppertree Apartments, soon to be rebranded Vesta Creeks Run, in North Charleston, South Carolina for $37.1 million....
Palm Lake Club

Capital Square 1031 acquires 55+ manufactured housing community near Vero Beach, Florida

Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings for Section 1031 exchange and other accredited investors, announced the acquisition of a 55+ manufactured housing community in Sebastian, Florida. The community...
SW Ocala Portfolio

Marcus & Millichap arranges the sale of a 22-unit SW Ocala apartment portfolio

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of the SW Ocala Portfolio, a 22-unit apartment portfolio located in...
Radius Palms

The RADCO Companies announces sale of Radius Palms in Tampa, Florida

The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, announced the sale of Radius Palms, a 540-unit apartment community located at 14501 Caribbean Breeze Drive in Tampa, Florida. The property...
Baker Manor Apartments

Affordable Housing Investment Brokerage closes on 50-Unit, Section 8 Baker Manor Apartments in Macclenny,...

Affordable Housing Investment Brokerage Inc. (AHIB) has recently sold Baker Manor Apartments in Macclenny, Florida for just over $2.5 million, with a reserve account released to the seller as additional consideration. Managing Director Kyle...

Legacy Partners breaks ground on Colorado’s first large-scale OZ residential community

Legacy Partners (Legacy), a privately-owned national real estate firm, announced today the groundbreaking of Legacy at Fitz in Aurora, Colorado. Located at 1363 N. Victor Street, the five-story 363-unit apartment community is Colorado’s first...
Stone Cliff Apartments

Intercontinental Real Estate Corporation and MG Properties acquire multifamily community in Aurora, Colorado for...

Intercontinental Real Estate Corporation (Intercontinental) in joint venture with MG Properties has acquired Stone Cliff Apartments, a 394-unit garden-style multifamily community in the Denver submarket of Aurora, CO for $143 million. This is the second...
Acero Glendale

PCCP, LLC provides $39.4 million senior loan for the development of a 352-unit apartment...

PCCP, LLC announced that it has provided a $39.4 million senior loan to IDM Companies for the ground-up development of Acero Glendale, a Class A garden-style multifamily community located at the northwest corner of...
River Park

Westmount Realty Capital acquires River Park, a 27-building multifamily community in Fort Worth

Westmount Realty Capital, LLC announced the acquisition of River Park, a 280-unit, garden-style multifamily community located at 3309 River Park Dr. in southwest Fort Worth. Built in 1985, this well-maintained, 27-building community sits on...
Tahquitz Court

The Mogharebi Group brokers sale of 108-unit multifamily community in Palm Springs, California for...

Multifamily brokerage firm The Mogharebi Group (TMG), representing a private investor based in Salt Lake City, Utah has successfully brokered the sale of a 108-unit apartment community in Palm Springs, Calif. for $19.7 million. Built...
Chandler Ridge Apartments

CPP Housing undergoes $46.3 million affordable housing project in Raleigh, North Carolina

Community Preservation Partners (CPP), one of the nation’s most active affordable housing preservation developers, announced the acquisition of Chandler Ridge Apartments, a 228-unit mixed-income community in Raleigh, North Carolina for $26 million. Purchased with...

ZOM Living and The Moinian Group partner to develop Luma, a 434-unit luxury apartment...

ZOM Living and The Moinian Group are preparing to break ground on Luma at Miami Worldcenter, a 43-story apartment tower in the heart of Downtown Miami. Luma will be a focal point of Miami...
Yield PRO