Monday, May 6, 2024

Deal boom

Apartment deals, mergers and acquisitions

Belle on Bev

Cityview reveals name for mixed-use project in historic Filipinotown

Cityview, a premier multifamily investment management and development firm, unveiled the name of its 243-unit workforce housing project in Los Angeles’ Historic Filipinotown (HiFi) as Belle on Bev. Slated to complete in Q4 of...
Springs at Alamo Ranch

MLG Capital purchases Class A apartment property in San Antonio

MLG Capital—a national leader in diversified private real estate investments—announced its acquisition of Springs at Alamo Ranch, located at 11211 Westwood Loop in San Antonio. The Class A, 227,000 sq. ft. multifamily property features...
Sycamore at Tyvola

Continental Realty Corporation acquires Sycamore at Tyvola in Charlotte with $96.3 million purchase

Continental Realty Corporation (CRC), a Baltimore-based real estate investment and management company active in 10 states, has purchased its eighth multifamily community in North Carolina with the recent $96.3 million acquisition of Sycamore at...
Tennyson44

$10.25 million financing arranged for West Denver multihousing community

JLL Capital Markets announced that it has closed the $10.25 million permanent financing for Tennyson44, a 47-unit, mid-rise apartment complex located in the West Denver neighborhood of Berkeley. JLL represented the borrower, Highlands REIT, to...
Dwell Apartment Homes

Avanti Residential completes $41.6 million sale of Dwell Apartments in Scottsdale, Arizona

Avanti Residential has sold the vibrant 193-unit Dwell Apartment Homes for $41.6 million to Chicago-based 29th Street Capital. The sale allows Avanti to realize its investment objective for the property and continue to reallocate the...
Market Square Apartments

USG Realty Capital adds 176-unit multifamily development in Tacoma to its unique investor-directed portfolio

USG Realty Capital (USG), a leading investment sponsor specializing in opportunity zones, announced the details of its ground-up opportunity zone project, Market Square Apartments, as part of its Investors Choice OZ Fund, an investor-directed,...
Broadstone Ingleside

Cushman & Wakefield arranges $77.5 million sale of Broadstone Ingleside

Cushman & Wakefield announced that the commercial real estate services firm arranged the $77.5 million sale of Broadstone Ingleside, a 336-unit multifamily community located in Ladson, South Carolina. Cushman & Wakefield’s John Phoenix, Louis Smart,...
Eden Apartments

Institutional Property Advisors brokers sale and arranges financing for multifamily asset in Greater Phoenix

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Eden Apartments, a 112-unit multifamily asset in Tempe, Arizona. The property sold for $26.5 million, or $236,607 per unit. “Built in...
Abberly Riverwalk

$106 million sale of multihousing development closes

JLL Capital Markets announced that it has closed the $106 million acquisition of and the $62 million financing for Abberly Riverwalk (formerly known as a Alta Riverwalk), a 304-unit, three-story, apartment community in Nashville,...
3825 N Pine Grove

Kiser Group sells a 94-unit multifamily property in Lakeview

Kiser Group directors Andy Friedman and Jake Parker brokered a condominium deconversion sale at 3825 N Pine Grove, located in the Lakeview neighborhood of Chicago. The 3825 N Pine Grove Condominium Association received $18,300,000 in this...
Ducks Village

Marcus & Millichap brokers student housing asset sale in Oregon

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Ducks Village, a 230-unit, 650-bed student housing asset in Eugene, Oregon. “This...
The Residences at Galleria

Newly constructed multihousing community in suburban Kansas City secures $59.75 million in refinancing

JLL Capital Markets announced that it has closed the $59.75 million construction takeout refinancing for The Residences at Galleria, a newly constructed, Class-A, 322-unit, luxury apartment community in the Kansas City suburb of Overland...
Epoque Golden

$31.16 million financing secured for luxury Colorado multihousing community

JLL Capital Markets announced that it has arranged the $31.16 million refinancing for Epoque Golden, a 120-unit, Class A, four-story, luxury multihousing community in Golden, Colorado. JLL worked on behalf of the borrower team, including...
Gables at Honore

Berkadia arranges $26 million refinancing for two multifamily communities outside of Tampa

Berkadia announces it has arranged the refinancing of two properties in Florida: Gables at Honore in Sarasota, Fla., and Lodge at Woodlake in Lakeland, Fla. Senior Managing Director Mitch Sinberg, Managing Director Matt Robbins...
The Ridges at Bentonville

Cushman & Wakefield arranges sale of The Ridges at Bentonville

Cushman & Wakefield announced that the commercial real estate services firm arranged the sale of The Ridges at Bentonville, a 96-unit apartment community that was built in 2006 and is located in Bentonville, Arkansas. Cushman...
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