Wednesday, April 24, 2024

Deal boom

Apartment deals, mergers and acquisitions

Premier at West Park

Thompson Thrift to develop luxury multifamily community near Denver

Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced the development of Premier at West Park, a 336-unit Class A multifamily community 50 miles from...
Amberwood Hills Apartments

Marcus & Millichap closes $7.31 million sale of Amberwood Hills Apartments

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Amberwood Hills Apartments in Lake City, Florida. The 101-unit apartment complex...
Red Sage

Institutional Property Advisors arranges $61 million in acquisition financing for three Arizona multifamily assets

IPA Capital Markets, a division of Marcus & Millichap, specializing in capital markets services for major private and institutional clients, has arranged $60.92 million in acquisition financing for three multifamily assets, one in Phoenix...
The Residences at Park Place

JRK Property Holdings initiates its newly closed $1 billion Platform V multifamily fund with...

JRK Property Holdings has acquired Residences at Park Place, a 258-unit luxury mid-rise apartment and townhome community in the preeminent Kansas City suburb of Leawood, Kansas, from VanTrust Real Estate. JRK is also under...
Centerbury Cove

Institutional Property Advisors brokers multifamily asset sale in Central Florida

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Canterbury Cove, a 300-unit multifamily asset in Orlando, Florida. “Located near many of Orlando’s largest white-collar employment hubs in a submarket...
Canterly Place

JLL arranges JV equity and debt for $135 million best-in-class New Jersey multihousing development

JLL Capital Markets announced that it has arranged the $88.6 million construction financing and the $38 million equity placement for Canterly Place, a 300-unit, to-be-built, Class A apartment building located in Livingston, Essex County,...
CEV Ruston

Student housing community at Louisiana Tech University sells

JLL Capital Markets announced that it has closed the sale of CEV Ruston, a 120-unit / 432-bed student-housing community primarily serving the 11,000 students at Louisiana Tech University in Ruston, Louisiana. JLL represented the seller,...
Bay Vista at Meadow Park

Avanath Capital Management expands multifamily footprint in Northern California with the acquisition of affordable...

Avanath Capital Management, LLC, a private real estate investment manager, announces the acquisition of the Novato Portfolio, comprising two LIHTC rental apartment properties in the Bay Area submarket of Novato, California, for $131.5 million. Purchased...
397 Millburn Ave

$20 million financing secured for construction of luxury apartment community in New Jersey

JLL Capital Markets announced that it has closed the $20 million construction financing for 397 Millburn Ave., a 53-unit, three-story, luxury apartment development in Millburn, New Jersey. JLL worked on behalf of the borrower, Eagle...
Four Corners

University of Cincinnati student housing development secures joint venture equity

JLL Capital Markets announced that it has secured joint venture equity for the development of Four Corners, a 404-bed / 136-unit student housing development adjacent to the University of Cincinnati. JLL represented premier national developer,...
Parkland Apartments

Capital Square acquires Class A multifamily community near Miami 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 Parkland Apartments, a 396-unit Class A multifamily community in the...
Bakers Place

$73.8 million in construction financing secured for Bakers Place in Madison

JLL Capital Markets announced that it has arranged the $73.83 million construction financing for Bakers Place, a 206-unit, mass timber, luxury apartment project in Madison, Wisconsin. JLL worked on behalf of the borrower, a partnership...
Mabel Exchange

Kiser Group closes Edgewater mixed-use building for $9.2 million

Kiser Group, Chicagoland’s leading mid-market multifamily brokerage, announces the closing of a 52-unit mixed-use property located in the Edgewater neighborhood of Chicago. Directors Andy Friedman and Jake Parker, along with Managing Broker Lee Kiser...
298 Mulberry St

Broad Street Development and a real estate fund advised by Crow Holdings Capital partnership...

JLL Capital Markets announced the $114.9 million sale of 298 Mulberry St., a 96-unit, market-rate, mixed-use rental apartment property on the corner of East Houston and Mulberry Streets in the Noho neighborhood of Manhattan. JLL...
Edgewater Apartments

Berkadia arranges sale of value-add, Class A garden-style multifamily community in Houston Metro

Berkadia announces it has arranged the sale of Edgewater Apartments, a 228-unit, Class A garden-style multifamily apartment community located in Lake Jackson, Texas, a highly livable suburb of Houston. Senior Managing Directors Chris Curry and...
Yield PRO