Friday, May 17, 2024

Deal boom

Apartment deals, mergers and acquisitions

Cabana Encanto

Institutional Property Advisors closes $61 million multifamily asset sale in Greater Phoenix

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Cabana Encanto, a 286-unit attainable housing asset in Goodyear, Arizona. The $61 million sale price represents $213,287 per unit and $354 per square...
Ashford Townes BFR Housing

Capital Square fully subscribes DST offering of multifamily build-for-rent community near Raleigh, North Carolina

Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced today that its offering, CS1031 Ashford Townes BFR Housing, DST, has been fully...
One Paseo

JLL arranges $375 million in financing for generational mixed-use property in San Diego

JLL announced that it has arranged an eleven-year, non-recourse secured loan for $375 million, provided by New York Life Insurance Company and on behalf of Kilroy Realty Corporation. One Paseo is a world-class, mixed-use campus...
Addison at Princeton Meadows

GFI Realty Services advises on the $115-million sale of 440-unit garden apartment complex in...

GFI Realty Services, LLC announced the $115-million sale of Addison at Princeton Meadows, a 440-unit garden apartment complex, located at 2821 Pheasant Hollow Drive in Plainsboro, NJ. The GFI team of Allan Szlafrok, Eli...
Addison at Princeton Meadows

New Jersey apartment community trades

JLL Capital Markets announced that it closed on the sale of Addison at Princeton Meadows, a 440-unit, garden-style multihousing community located in Plainsboro, New Jersey. JLL worked on behalf of the seller, a joint venture...
Park Villa Apartment Homes

Stepp Commercial Group completes $7.165 million sale of a newly renovated 18-unit apartment property...

Stepp Commercial Group, a leading multifamily brokerage firm in the Los Angeles market, has completed the $7.165 million sale of Park Villa Apartment Homes, an 18-unit multifamily property located at 1761 Park Avenue in...
Chilton Hall Apartments

Gebroe-Hammer Associates inks sale of generationally owned multifamily asset in Elizabeth, NJ

Gebroe-Hammer Associates has arranged the sale of a 126-unit, garden-apartment community with generational ownership of 40+ years in Union County, N.J.’s City of Elizabeth. Executive Vice President Stephen Tragash exclusively represented the seller and...
Savor Apartments

$34.625 million refinancing arranged for West St. Paul multihousing community

JLL Capital Markets announced that it has arranged the $34.62 million refinancing of Savor Apartments, a 200-unit, mid-rise, market-rate multihousing community located in West St. Paul, Minnesota. JLL worked on behalf of the borrower, Roers...
Concord Park at Russett

Excelsa Properties acquires $105.5 million multifamily community in Laurel, Maryland

Excelsa Properties announced that it has acquired Concord Park at Russett, a 335-unit multifamily property located at 7903 Orion Circle in Laurel, Maryland. The $105.5 million acquisition represents the fourth multifamily property acquisition of...
Castlewood Townhomes

Forman Capital provides construction financing for Townhome Rental Project in Austin Market

Forman Capital, a private direct real estate lender based in Palm Beach County, Florida, funded a $19.496 million construction loan and preferred equity investment for a 64-unit townhome rental project in Taylor, Texas—part of...
Van der Heyden Apartments

MassHousing closes on $13.3 million in affordable housing financing for the acquisition and renovation...

MassHousing has closed on $13.3 million in affordable housing financing to Van der Heyden Apartments Limited Partnership for the acquisition, renovation and extension of affordability at the 45-unit Van der Heyden Apartments in Springfield....
Atlas Bluewood Apartments

West Shore acquires Atlas Bluewood Apartments in Dallas-Fort Worth market

West Shore, a fully integrated real estate investment firm with a specific focus on the acquisition and management of multifamily assets, announced its acquisition of The Livano at Bluewood, located north of Dallas in...
Chicago Lawn

Kiser Group closes a $4 million portfolio in Chicago Lawn

Kiser Group's brokers, John George and Joe Bianchi, have successfully facilitated the sale of a $4M portfolio in the Chicago Lawn neighborhood. The portfolio consists of four adjacent buildings, offering immediate economies of scale...
First Avenue Townhouses

ABI Multifamily brokers 20-unit Southwest Mesa multifamily apartment community for $4.8 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $4,800,000 / $240,000 Per Unit / $294.12 Per SF sale of First Avenue Townhouses, a...
Hangar at Thunderbird

PCCP, LLC provides $53 million loan to refinance newly built 266-unit Class A apartment...

PCCP, LLC has provided a $53 million bridge loan to P.B. Bell for the refinance of Hangar at Thunderbird, a newly built 266-unit, 19-building apartment community located at 15301 N 37th Avenue in Glendale,...
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