Monday, April 29, 2024

Deal boom

Apartment deals, mergers and acquisitions

Verona View Apartments

Berkadia arranges loan for acquisition of apartments in Plantation, Florida

Berkadia announces it has arranged financing for Atlantic Pacific Companies and LEM Capital to acquire Verona View Apartments, a 293-unit apartment community in Plantation, Florida. Senior Managing Director Mitch Sinberg, Managing Directors Brad Williamson, Scott...
Rosewood Way Townhomes

MassHousing to provide $5.2 million in financing for new affordable rental housing for families...

MassHousing is providing $5.2 million in affordable housing financing to the non-profit Way Finders, for the development of the 62-unit Rosewood Way Townhomes for families with a range of incomes in Agawam. Located in Agawam’s...
Gary Manor

$7.024 million refinancing arranged for a Chicago-MSA multihousing community

JLL Capital Markets announced that it has arranged the $7.042 million refinancing for Gary Manor, a 198-unit, age-restricted, 100 percent HAP multihousing community located in Gary, Indiana within the Chicago-Naperville-Elgin MSA. JLL worked on behalf...
Fireside Village

The Mogharebi Group secures sale of 180-unit apartment community in Ralston, NE.

The Mogharebi Group (TMG) has advised a Colorado-based private investment group on its sale of Fireside Village, a 180-unit multifamily community in Omaha, Nebraska to ARTISAN Capital Group. The multifamily transaction, one of the largest...
Water’s Edge Apartments

FCP announces $33.25 million acquisition of 404-unit, Water’s Edge Apartments in Jacksonville, Florida

FCP announces the $33.25 million acquisition of Water’s Edge Apartments at 800 Broward Road in Jacksonville, Florida through a joint venture with Springer Capital. The 404-unit apartment community was built in 1974 and consists of...
Dobson Station

$52 million construction loan arranged for multihousing development in Mesa, Arizona

JLL Capital Markets announced today that it has arranged $52 million in construction financing for Dobson Station, a 245-unit multihousing development set to deliver in 2024 in Mesa, Arizona. JLL worked on behalf of the borrower,...
The Place at Catherine’s Way

Institutional Property Advisors brokers Central Connecticut multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Place at Catherine’s Way, a 303-unit multifamily asset in Manchester, Connecticut. “The property is a 100 percent market-rate, garden-style asset...
Ascent at Union Square

DB Capital recapitalizes Provo, Utah apartment community with Institutional Capital Partner

DB Capital Management (DB Capital) has closed on the recapitalization of Ascent at Union Square in Provo, Utah, a 139-unit garden style community acquired by the Denver-based multifamily investment firm in December 2020. Over the...
921-927 S. Trident Street

CBRE arranges sale of 12-unit multifamily community in Anaheim, Calif., for $4.25 million

CBRE arranged the sale of a 12-unit multifamily property in Anaheim, Calif., to a private investor in a 1031 exchange. The sale price was $4.25 million, representing $354,166 per unit and $324 per square foot. CBRE’s Executive...
The One Hope Mills

Berkadia arranges $47 million construction loan for apartment community in North Carolina’s Southwest Cumberland...

Berkadia has arranged senior construction financing for The One at Hope Mills, a 360-unit garden-style multifamily development in the rapidly expanding Fayetteville, North Carolina market. Senior Managing Director Mitch Sinberg and Managing Directors Brad Williamson,...
Venetian Isles

Marcus & Millichap brokers the $9 million sale of a South Florida multifamily property

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Venetian Isles, an eight-unit multifamily property located in Lighthouse Point, Florida....
Third Thyme

$11.75 million financing secured for an affordable multihousing community in L.A.

JLL Capital Markets announced that it has secured $11.75 million in forward permanent financing for Third Thyme, a 104-unit, affordable multihousing community in Los Angeles, California. JLL worked on behalf of the borrower, West Hollywood...
Signature Ridge

Newmark arranges sale and financing of 612-unit asset in San Antonio, Texas

Newmark announces it has arranged the sale and financing of Signature Ridge, a 612-unit multifamily asset in San Antonio, Texas, adjacent to the South Texas Medical Center. Newmark Vice Chairman Patton Jones, Executive Managing Director Matt Michelson and Managing...

Marcus & Millichap closes $53.4 million three-property Inland Empire multifamily sale

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a three-property multifamily portfolio in the Inland Empire region of Southern...
Axis @ Davis

Equity placement secured for housing development near UC Davis

JLL Capital Markets announced that it arranged joint venture equity on behalf of sponsor Anton DevCo for Axis @ Davis, a 200-unit housing development located near the University of California, Davis. Axis @ Davis...
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