Saturday, April 27, 2024

Deal boom

Apartment deals, mergers and acquisitions

Solis Nexton

West Shore acquires eighth luxury apartment community in South Carolina

West Shore, a multifamily real estate investment firm, announces its acquisition of Solis Nexton, a new luxury apartment community located in the award-winning Nexton master-planned community in Summerville, South Carolina. This marks the Boston-based...
Middletown Ridge

Institutional Property Advisors closes 518-unit Central Connecticut multifamily portfolio sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of a two-property, 518-unit multifamily portfolio in Middletown, Connecticut. “Located between Hartford and New Haven, Middletown draws residents from employment centers in...
711-735 N. Front St

$77.5 million financing secured for Philadelphia multihousing development

JLL Capital Markets announced that it has arranged $77.5 million in construction financing for a 279-unit, seven-story, luxury multihousing development with 8,449 square feet of ground-floor retail, located in the Northern Liberties neighborhood of...
Canopy at South Lakes

Institutional Property Advisors closes multifamily asset sale in Dallas-Fort Worth

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Canopy at South Lakes, a 240-unit apartment property in Denton, Texas. “Denton’s population grew 3.4 percent in the past year and...
The Glendon Apartments

The Kanner Group completes $11.55 million sale of The Glendon Apartments, a 27-unit trophy...

Matthew Kanner, Executive Managing Director of Keller Williams Commercial & President of The Kanner Group, is pleased to announce the completion of the $11,550,000 sale of The Glendon Apartments, a 27-unit apartment building located at...
Wildomar Senior

The Mogharebi Group brokers $28.5 million sale of 284-unit senior-living community in California’s Inland...

The Mogharebi Group (TMG) has arranged the sale of Wildomar Senior, a 284-unit senior leisure housing community in Southern California’s Inland Empire. TMG represented the seller Craig Thralls, who developed the property in 2000,...
The Warwick

Sunrise Management adds The Warwick to San Diego portfolio

Following the $37.4 million sale of the luxury multifamily community The Warwick—a newly renovated Class A project in San Diego’s vibrant Hillcrest neighborhood—San Diego-based Sunrise Management has taken over its day-to-day management. Previously a...
Pelican Hill Apartments

The Multifamily Group transacts 89 units in Oklahoma City

The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced this week that it had facilitated the sale of Pelican Hill Apartments, an 89 unit garden-style multifamily asset located in Oklahoma City.  Managing...
Lexington Park

Cushman & Wakefield arranges $24 million sale of Lexington Park in Cobb County’s Northwest...

Cushman & Wakefield announced that the commercial real estate services firm arranged the $24 million sale of Lexington Park, a 156-unit multifamily property located in Smyrna, Georgia. Cushman & Wakefield’s Travis Presnell, Nathan Swenson, and...
4401-11 N Hamilton

Interra Realty brokers $5.8 million sale of mixed-use apartment building in Chicago’s Ravenswood Neighborhood

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of a 27-unit multifamily property in Chicago’s Ravenswood neighborhood. The building sold for $5.846 million, equating to $216,518 per...
Metroplex Portfolio

Marcus & Millichap brokers three-property multifamily portfolio sale in Dallas-Fort Worth

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, 782-unit multifamily portfolio located in Arlington, Grand Prairie, and...

Standard Communities completes its largest acquisition, bringing 3,200 affordable units into its portfolio

Standard Communities, a major national affordable housing developer and investor, has acquired controlling interest in an affordable housing portfolio of nearly 3,200 units in Florida and Georgia. The transaction is Standard’s largest acquisition. Standard will...
The Grove

Thompson Thrift sells The Grove Apartment Community in Grand Rapids

Thompson Thrift, a full-service nationally recognized real estate company, announced the sale of The Grove, a 320-unit Class A multifamily community in Grand Rapids. A private real estate investment firm purchased the community for...
Fairway Views

Marcus & Millichap brokers the sale of a 30-unit Coral Springs apartment building for...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Fairway Views, a five-story, 30-unit apartment complex in Coral Springs, Florida....
Ashford Townes

Capital Square acquires build-for-rent townhome community near Raleigh for DST offering

Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced the acquisition of Ashford Townes, a 74-unit newly constructed build-for-rent townhome community in...
Yield PRO