Thursday, May 9, 2024

Deal boom

Apartment deals, mergers and acquisitions

Loma Villas

The Mogharebi Group completes sale of new 70-unit apartment community in San Bernardino

The Mogharebi Group (TMG) has arranged the $21.5 million sale of Loma Villas, a newly constructed 70-unit multifamily community in San Bernardino, Calif. Located at 415 E. Commercial Rd. in the Inland Empire’s second largest...
Urbana Court

Sale of multihousing community in the Twin Cities medical alley closes

JLL Capital Markets announced that it has closed the sale of Urbana Court, a 207-unit, multihousing community located in the heart of the Twin Cities medical alley in Brooklyn Park, Minnesota. JLL worked on behalf...
Caesars Luxury Apartments

Institutional Property Advisors brokers multifamily asset sale in Tacoma

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Caesars Luxury Apartments, a newly built, 131-unit multifamily property in Downtown Tacoma, Washington. The $35.35 million sales price equates to...
4000 Hulen

Institutional Property Advisors brokers apartment asset sale in Fort Worth

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of 4000 Hulen, a 240-unit apartment asset in Fort Worth, Texas. “Built in 2015, the property performed exceptionally well over the past...
The Columns at Paxton Lane

ECI Group announces sale of The Columns at Paxton Lane in Lilburn, Georgia

ECI Group (ECI) announces the sale of The Columns at Paxton Lane apartments at 4305 Paxton Lane in Southeast Gwinnett County to InterCapital Group for an undisclosed price. The 296-unit community was developed by...
The Virginia

$32.125 million financing secured for multihousing development outside of San Antonio

JLL Capital Markets announced that it has closed the $32.125M construction financing for the development of The Virginia, a 198-unit market-rate multihousing project located in Seguin, Texas. JLL represented the borrower, Periscope Capital Investment and...
Prescott at Concord

CBRE arranges sale of The Prescott at Concord, a 350-unit luxury apartment community in...

Representatives of CBRE, led by Simon Butler, Biria St. John, John McLaughlin, and Brian Bowler announced the sale of The Prescott at Concord, a 350-unit apartment community in Concord, Massachusetts. CBRE represented the seller, an...
2 Adrian Avenue

Marcus & Millichap arranges the sale of an apartment building in New York for...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a 93-unit apartment property located in New York, New York. The...
Aspire Lakewood Apartments

Marcus & Millichap closes $27 million multifamily asset sale in Suburban Denver

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Aspire Lakewood Apartments, a 96-unit multifamily asset built in 1969...
The Mint

42-unit multifamily trophy asset in prime Downtown Los Angeles sells for $17.5 million

The Mint, an eight-story, 42-unit multifamily property located in the heart of downtown Los Angeles, has sold for $17.5 million. The buyer was a local investor. The property, originally constructed in 1923 as an office...
Caliza

Sale of northwest Austin multihousing community closes

JLL Capital Markets announced that it has arranged the sale of Caliza, a 270-unit, Class A, garden-style apartment community in the northwest Austin suburb of Cedar Park, Texas. JLL worked on behalf of the seller,...
UIC Medical District

Kiser Group closes a $15 million deal off market

Kiser Group has brokered a $15M portfolio in the UIC Medical District. The seller University Rentals UIC sold the property to Bay Laurel Partners in an off-market deal. The portfolio is strategically located in close...
Sherwood Apartments

Camino Verde Group acquires Sherwood Apartments

Las Vegas-based real estate investment and development firm Camino Verde Group recently acquired Sherwood Apartments in Midtown Las Vegas. Located just east of Las Vegas Boulevard, the 10-unit building will be a welcome addition...
Amber Grove at Olley Creek

FCP acquires 360-unit Amber Grove at Olley Creek Apartments in Marietta, Georgia for $51...

FCP announces the $51.0 million acquisition of Amber Grove at Olley Creek Apartments, a 360-unit garden apartment community at 2050 Austell Road in Marietta, GA. FCP has invested in 34 properties since its entry into...
Kingston Cove

Post Road Management acquires multifamily portfolio totaling 1,002 units in Wichita, Kansas

Post Road Management, a full-service real estate investment and management company, has acquired a portfolio of 11 multifamily communities, all located in Wichita, Kansas and the greater metro area. With this purchase, Post Road has...
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