Thursday, May 2, 2024

Deal boom

Apartment deals, mergers and acquisitions

Hartley View

TruAmerica Plans $86 Million Build-for-Rent Development in South Carolina

TruAmerica Multifamily, a national, institutionally-focused multifamily investment firm, acquired a 33-acre site in the Spartanburg, South Carolina market and announced plans to develop Hartley View, an $86-million Build-for-Rent (BFR) community. The land acquisition sets the...
Aspen Vista

Capital Square Fully Subscribes DST Offering of Multifamily Community in Reno Nevada

Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced that its offering, CS1031 Aspen Vista BFR Housing, DST, has been fully subscribed....
Village at Golden Triangle

Tower Capital Arranges $72.9 Million in Construction Financing for Build-to-Rent Community in Fort Worth

Tower Capital, a leading capital advisor for Build-to-Rent (BTR) construction financing, has arranged $72.9 million in financing for the Village at Golden Triangle, a 317-unit BTR community in Fort Worth, TX. The Village at Golden...
Madison at Green Valley

Avison Young brokers $15.4 million sale of 88-unit apartment property in Henderson Nevada

Avison Young announced that the Sauter Multifamily Group, comprised of Principals Patrick Sauter, Art Carll-Tangora, and Steve Nosrat, based in the firm's Las Vegas office closed the $15.4 million sale ($175,000 per unit) of...
Diamond Flats

The NRP Group, H.I.G. Capital Break Ground on Multifamily Development Outside Dallas Texas

The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with H.I.G. Realty Partners, the real estate platform of global investment firm, H.I.G. Capital, has broken ground on...
Tapestry at The Realm

Bright Realty Introduces Tapestry at The Realm Expanding Offerings at The Realm Castle Hills

Bright Realty introduces Tapestry at The Realm, a luxury multifamily project inspired by mid-century design. Tapestry at The Realm will expand living options, offering elemental sophistication for those ready to fully embrace the live-work-play...
The U.S. Department of Housing and Urban Development

HUD Announces $212 Million Funding Opportunity to Expand Affordable Housing Options for Low-Income and...

The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing announced that $212 million in funding is available to expand the supply of affordable housing and supportive services for very-low and...
6024 N. Navarre Avenue

Interra Realty Brokers $2 Million Sale of Multifamily Portfolio on Chicago’s Northwest Side

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $2 million sale of a two-building, 13-unit multifamily portfolio in Chicago’s Norwood Park and Edison Park neighborhoods. The transaction equated...
Highview Apartments

Hudson Valley Property Group Completes $47M Revitalization of Rockland County New York Apartment Complexes

Hudson Valley Property Group ("HVPG"), a leading, national affordable housing preservation company, announced the completion of a $47 million preservation and renovation project at two properties located in Spring Valley, New York: Lakeview Village,...
Parkedge Townhomes

Governor Hochul Announces Completion of 184-Unit Affordable Housing Development in Utica

Governor Kathy Hochul announced renovations are complete on Parkedge Townhomes in Utica, a 184-unit Mitchell Lama development for families. Each unit at the 50-year-old complex received major upgrades and the project also funded a...
Skyline View Apartments

CPP Announces Acquisition of Affordable Housing Community in Layton Utah

Community Preservation Partners (CPP), a mission-driven affordable housing preservation developer has announced the acquisition and planned renovation of Skyline View Apartments in Layton, Utah. The Skyline View Apartments are comprised of eight two-story, garden-style buildings...
6254 N. Whipple Street

Interra Realty Brokers $1.8 Million Sale of Value-Add Multifamily Building in Chicago

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $1.8 million sale of a 16-unit apartment building in Chicago’s West Ridge neighborhood. The transaction equated to $112,500 per unit. Interra...
The Pines at Fullerton

Shopoff Sells Approved Housing Development The Pines at Fullerton to Lennar Homes

Shopoff Realty Investments has sold its recently approved housing development, The Pines at Fullerton, to Lennar Homes. The property includes 9.8 acres located at Euclid and Rosecrans in the city of Fullerton, California. Shopoff...
Oaklyn

Newrock Partners Opens Leasing for Oaklyn, a 274-Unit Apartment Complex Near Fort Lauderdale

Newrock Partners announced that leasing is now open for Oaklyn, the brand-new mid-century modern apartment community located at 3333 N. Federal Highway in Oakland Park, Florida. The project consists of 274 apartment units and over...
The Harlow

Institutional Property Advisors Arranges $63M in Financing for a Historic Conversion in Downtown Oklahoma...

IPA Capital Markets, a division of Marcus & Millichap specializing in capital markets services for major private and institutional clients, has arranged $63 million in financing for the redevelopment of two historic Oklahoma City...
Yield PRO