Friday, May 17, 2024

Deal boom

Apartment deals, mergers and acquisitions

Appletree Apartments in Campbell, California

Interstate Equities Corporation Acquires 253 Rental Units Across Three Multifamily Communities in The Bay...

In a series of multifamily real estate purchases Interstate Equities Corporation (IEC) is pleased to announce that it has finalized three acquisitions totaling about $68 million. “All three of these communities have the potential to...
HUD

HUD Selects City of Madison Community Development Authority as Partner for the Annual Innovation...

The U.S. Department of Housing and Urban Development (HUD) has announced the City of Madison Community Development Authority (CDA) in Madison, Wisconsin will be the partnering public housing agency for the 11th annual Innovation...
Lightfighter Village

EAH Housing Commences Construction on Permanent Veteran Housing in Marina California

EAH Housing, in collaboration with the Veterans Transition Center (VTC) of California, is proud to announce the groundbreaking of Lightfighter Village, a visionary housing development designed to provide permanent rental housing for veterans, with...
Aperture

Toll Brothers Campus Living and The Davis Companies Joint Venture to Develop 680-Bed Luxury...

Toll Brothers, the nation’s leading builder of luxury homes, through its Toll Brothers Campus Living student housing rental division, and Boston-based real estate investment, development and management firm The Davis Companies, announced a new...
Legacy Place

Brisk Leasing at Legacy Place in East Brunswick New Jersey as First Residents Take...

On the heels of its marketing launch this fall, Legacy Place in East Brunswick has welcomed its first residents. The first phase of the Garden Communities development is ready for occupancy amid brisk leasing...
1348 Brown Street

Interra Realty Brokers $1.575 Million Sale of 12-Unit Multifamily Building in Suburban Chicago

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $1.575 million sale of a 12-unit multifamily building in Des Plaines, Illinois, a northwest suburb of Chicago. The total equated...
Shawme Heights Apartments

Senior Citizens Living at the Shawme Heights Apartments on Cape Cod Will See Property...

Senior citizens and residents with disabilities living at the 44-unit Shawme Heights Apartments in Sandwich will have affordable rents extended for the long term and the property will see approximately $1.6 million in improvements as...
The Hadley

Thompson Thrift to Develop Luxury For-Rent Villa Community The Hadley in Florida’s Gulf Coast...

Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced the development of The Hadley, a new 268-unit luxury for-rent villa community in North Port, a...
The Smile

Mack Property Management Awarded Management of Newly Constructed Manhattan High-Rise, The Smile

Mack Property Management (MPM), a wholly-owned subsidiary of Mack Real Estate Group, has been awarded management of The Smile, a newly constructed 233-unit,11-story high-rise residential community located in Manhattan’s Harlem neighborhood and developed by...
Refinery at Pointe17

Thompson Thrift to Develop Luxury Multifamily Community Refinery at Pointe17 in Phoenix

Thompson Thrift, a full-service nationally recognized real estate company, announced the development of Refinery at Pointe17, a 224-unit Class A multifamily community near the $40+ billion Taiwan Semiconductor Plant (TSMC) in northern Phoenix. “We had...
Prose Gainesville

Alliance Residential Company Acquires Property for Prose Gainesville in Georgia

Alliance Residential Company, one of the largest multifamily developers in the nation, closed on 35 acres of land located at 900 Mountaintop Avenue in Gainesville, Georgia, for the development of Prose Gainesville, a 300-unit...
1751 Cabrillo Avenue

CBRE Completes Sale of Apartment Property in Torrance California

CBRE announced the sale of an 11-unit multifamily community in Torrance, California for $4.81 million. Commenting on the transaction, Blackwell stated, “This was an exceptional opportunity for the buyer, as apartment sales are relatively rare...
Freestone on Main

JLL Secures $47M Capitalization for Multi-Housing Development in Bozeman Montana

JLL Capital Markets announced that it has arranged the $32 million construction financing and the $15 million equity placement for the development of Freestone on Main, a 121-unit, luxury market-rate multi-housing community located in...
Corsa Apartments

The Opus Group Unveils Corsa Apartments in Saint Louis Park Minnesota near Minneapolis

The Opus Group has completed Corsa Apartments, a five-story, 250-unit multifamily development in St. Louis Park, Minnesota, a suburb of Minneapolis. “Corsa is a great new addition to this thriving neighborhood in St. Louis Park,”...
South Congress Commons

Newmark Arranges Sale and Financing of Multifamily Asset South Congress Commons Near Austin

Newmark announces it has arranged the sale and financing of South Congress Commons, a 68-unit value-add multifamily asset located minutes from downtown Austin, Texas. The asset was acquired by an affiliate of Narrow Road...
Yield PRO