Sunday, May 19, 2024

Deal boom

Apartment deals, mergers and acquisitions

Bellamy Coastal

JLL Secures $18.5M in Financing for Coastal Carolina University Student Housing Community

JLL announced that it has arranged the $18.5 million acquisition financing for Bellamy Coastal, a 150-unit / 480-bed, Class A student housing property, serving Coastal Carolina University in Conway, South Carolina. JLL worked on behalf...
Riverbend Apartments

Trion Properties Enters Texas Market with Purchase of 471-Unit Multifamily Property in Dallas Texas

Trion Properties, a private equity real estate firm based in West Hollywood, California and Miami, Florida specializing in multifamily investments, announced the acquisition of Riverbend Apartments, a 471-unit multifamily asset in Lancaster, Texas. Once...
Farm Haus

JLL Secured the Refinancing for the 142-unit Build-to-Rent Farm Haus in San Antonio Texas

JLL announced that it has arranged the refinancing for Farm Haus, a 142-unit, single-family, gated built-to-rent community located in San Antonio, Texas. JLL worked on behalf of the borrower, AHV Communities, to secure the four-year,...
Tricon Veranda

Tricon Residential Celebrates Grand Opening of New 90-Unit Built-To-Rent Community in Richmond Texas

Tricon Residential, Johnson Development Corporation, and HHS Residential celebrated the grand opening of Tricon Veranda, a new built-to-rent community in Richmond, Texas. It will feature 90 charming single-family homes. "At Tricon, our goal is to...
Paseo del Rio

Miami-Dade County, Related Group Celebrate Grand Opening of Latest Phases in $1B River Parc...

Miami-Dade County, in partnership with development leader Related Group, celebrated the grand opening of Robert King High and Paseo del Rio, two newly completed affordable housing communities in Miami’s Little Havana neighborhood. Delivering a...
Edge Lofts

JLL Arranged the Sale and $27M in Financing for the 69-Unit Edge Lofts in...

JLL Capital Markets announced that it has closed the sale and secured the $27 million financing for Edge Lofts, a two-building, luxury multi-housing community located in Hoboken, New Jersey. JLL represented the seller, Bijou Properties...
Norhardt Crossing

JLL Closes Sale of Three-Property Multi-Housing Portfolio in Milwaukee

JLL announced the closing of the sale of a three-property, multi-housing portfolio located within the Milwaukee area. The properties include the neighboring Norhardt Crossing and Norhardt Apartments located in the suburb of Brookfield, as...
Summerset Village

Institutional Property Advisors Closes $106.65 Million Multifamily Asset Sale in California’s San Fernando Valley

Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of Summerset Village, a 280-unit multifamily property located in the foothills of the Santa Susana Mountains in Chatsworth, California. The $106.65 million...
The Audrey

Institutional Property Advisors Closes Multifamily Sale of 211-Unit The Audrey in Suburban Dallas-Fort Worth...

Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of The Audrey, a 211-unit apartment property in Mansfield, Texas. “High demand for newly built, luxury multifamily assets in central Metroplex locations was...
i5 Wynwood

Related Group and W5 Group Announce Wynwood’s First Co-Living Project, i5 Wynwood in Miami...

Related Group, one of the country’s leading developers of sophisticated metropolitan living, in partnership with W5 Group, a single family investment office that is a leader in innovative residential investments in the United States...
11821 Stuart Drive

CBRE Arranges $2.8M Sale of 10-Unit Multifamily Community in Garden Grove California

CBRE announced the sale of a 10–unit multifamily property in Garden Grove, California to a private buyer for $2.875 million, representing $287,500 per unit and $334 per square foot. This marks the first time...
Salem Village

HUD Celebrates Opening of 76 New Affordable Senior Rental Homes in Columbus Ohio

The U.S. Department of Housing and Urban Development’s (HUD) Assistant Secretary for Housing Julia R. Gordon joined the leadership of National Church Residences, the largest nationwide non-profit organization providing affordable senior housing, and state...
Residences at Durango

TWG Announces Conversion of Durango Colorado Hotel into 120 Affordable Housing Units

TWG, a real estate development company specializing in commercial, market rate, affordable and senior housing developments, announces the construction of Residences at Durango, a new $35 million, affordable, multifamily 120-unit affordable apartment community coming...
The Ventana Luxury Apartments

JLL Arranged $115M in Financing for a 405-Unit West Los Angeles Luxury Apartment Complex

JLL announced that it has arranged the $115 million financing for The Ventana Luxury Apartments, a 405-unit, low-rise multi-housing community located in the master-planned community of Playa Vista, California. The Ventana was originally constructed in...
Marine Exterior

Habitat Receives PUD Approval for $400 Million Marine Drive Apartments in Buffalo New York

Chicago-based Habitat, a leading U.S. multifamily developer and property manager, announced its $400 million redevelopment of Marine Drive Apartments in Buffalo, New York, has received planned unit development (PUD) approval by the Buffalo Common...
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