Saturday, April 27, 2024

Deal boom

Apartment deals, mergers and acquisitions

Park Place at Jordan Downs

$10.5 million refinancing secured for Los Angeles affordable housing development

JLL Capital Markets announced that it has arranged $10.5 million in construction takeout refinancing for Park Place at Jordan Downs, an 80-unit affordable housing development in Southeast Los Angeles, California. JLL represented the borrower, BRIDGE...

CBRE arranges $7.8 million sale of 204-unit development site in Farmington, Connecticut

Representatives of CBRE, led by Jeff Dunne, Simon Butler, Biria St. John, Eric Apfel, Stuart MacKenzie, John McLaughlin, and Brian Bowler announced the $7.8 million sale of a 204-unit multifamily development site in Farmington,...
Oaks of Shorewood

Sale of age-restricted community in Milwaukee closes

JLL Capital Markets announced that it has closed the sale of and acquisition financing for the Oaks of Shorewood, a 101-unit luxury, age-restricted (55+) multihousing community in Shorewood, Wisconsin. Weidner Apartment Homes acquired the property....
Mountain Park

Institutional Property Advisors negotiates Greater Phoenix multifamily property sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Mountain Park, a 240-unit multifamily asset in the Ahwatukee Foothills Village of Phoenix, Arizona. “Ahwatukee Foothills Village demonstrates attractive demographics and...
The Lex

Institutional Property Advisors brokers sale and arranges financing for Dallas multifamily asset

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale and financing of The Lex, a 144-unit multifamily asset in the Lake Highlands neighborhood of Dallas, Texas. “Lake Highlands was a high-performing...
Meadowland Apartments

Value-add apartment complex in Portland trades for $26.85 million

JLL Capital Markets announced that it has closed the $26.85 million sale and arranged acquisition financing for Meadowland Apartments, a 168-unit, garden-style apartment in Portland, Oregon, which will now be known as Township Eastside. JLL...
Patterson Court

Trion Properties grows portfolio by 5,805 units in 2022 with a total transaction value...

Trion Properties, a private equity real estate firm based in West Hollywood, California and Miami, Florida specializing in multifamily investments, announces that despite global economic challenges, 2022 was a year of outstanding growth for...
Metro Greenway

Berkadia arranges sale of Class A apartment community in Houston’s urban core

Berkadia Institutional Solutions announces it has arranged the sale of Metro Greenway, a 309-unit, mid-rise multifamily community in Central Houston. Senior Managing Directors Todd Marix and Chris Curry, Managing Directors Jeffrey Skipworth, Chris Young...
Forest at Fenwick

Cushman & Wakefield arranges $16.3 million sale of Forest at Fenwick in Johns Island

Cushman & Wakefield announced that the commercial real estate services firm arranged the $16.3 million sale of Forest at Fenwick, an 80-unit multifamily property located in Johns Island, South Carolina. Cushman & Wakefield’s John Phoenix,...
2323 South Lamar Blvd

Knighthead Funding provides $75 million financing for mixed-use condo development in Austin, Texas

Knighthead Funding LLC (Knighthead) has provided a local developer with $75 million in financing for the construction of a 182-unit condominium development in the South Lamar section of Austin, Texas. Situated on an 80,900-square-foot site...
Seascape Pointe

Mast Capital sells Seascape Pointe Homestead, Florida

Mast Capital, one of South Florida’s most active real estate development and investment firms, in partnership with Angelo Gordon, has sold the residential rental community of Seascape Pointe in Homestead, Florida. Seascape Pointe is a 306-unit, garden-style community...
Villas Goodyear

$33.8 million construction loan secured for build-to-rent community in Phoenix’s West Valley

JLL Capital Markets announced that it has arranged a $33.8 million construction loan for Villas Goodyear, a 151-unit, build-to-rent community located in Goodyear, Arizona within Phoenix’s West Valley. JLL worked on behalf of the borrower,...
Dwell

Institutional Property Advisors brokers sale and arranges financing for Scottsdale multifamily asset

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Dwell, a 193-unit multifamily asset in Scottsdale, Arizona. The $41.6 million sales price represents $215,544 per unit. “Developed in 1963 and...
Exchange at Windsor Hill

Cushman & Wakefield and Greystone together close sale and financing of 312-unit community in...

The joint venture team of Cushman & Wakefield and Greystone announced that they arranged the sale of, and closed a Freddie Mac Optigo loan for, Exchange at Windsor Hill, a 312-unit multifamily community located...
The Q at Maitland

Refinancing secured for Maitland multihousing community

JLL Capital Markets announced that it has arranged the refinancing for The Q at Maitland, a 129-unit, garden-style multihousing community strategically located within the Maitland submarket of Orlando, Florida. JLL represented the borrower, JT Capital,...
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