Monday, May 6, 2024

Deal boom

Apartment deals, mergers and acquisitions

Victory on Portland

Champion Real Estate Company refinances Victory on Portland student housing asset near University of...

Despite a challenging capital markets climate, Champion Real Estate Company (Champion), announced that it has refinanced Victory on Portland, a 55 unit/139-bed student housing property located at 2353 Portland Street in Los Angeles California...
Campus Cottages

Marcus & Millichap brokers $2.35 million apartment sale in Hattiesburg

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Campus Cottages, a 44-unit apartment community located in Hattiesburg, Mississippi. The...
4070 N. Kenmore

Interra Realty brokers $5.2 million sale of vintage apartment building in Chicago’s Buena Park Neighborhood

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of a 42-unit multifamily property in Chicago’s Uptown neighborhood. The building sold for $5.2 million, equating to $123,809 per...
Autumn Ridge

$2.52 million financing secured for Wyoming affordable housing community

JLL Capital Markets announced that it has arranged the $2.52 million acquisition financing for Autumn Ridge, a 48-unit, garden-style affordable housing community located in Laramie, Wyoming. JLL worked on behalf of the borrower, Graystoke Capital...
Sunset Peak Apartment Homes

Avanti Residential and Trinity Investors partner on 184-unit apartment complex in Metro Denver

Avanti Residential has partnered with Trinity Investors in the $45 million acquisition and recapitalization of Sunset Peak Apartment Homes, a 184-unit multifamily community located north of downtown Denver in Thornton, Colorado. The project is unique...
Courthouse Square

JVM Realty Corp. acquires luxury apartment community in Chicago’s Western Suburbs

JVM Realty Corp., a leading vertically integrated multifamily real estate investment and property management firm, announced it has acquired Courthouse Square, a 149-unit Class A apartment community 25 miles west of Chicago in the...
Sunset Laurel Apartments

Kidder Mathews sells 28-unit Sunset Laurel apartments for $11 million

The Sunset Laurel Apartments, located at 1545 North Laurel Avenue in Los Angeles, have sold for $11,000,000. Kidder Mathews’ Senior Vice President Robin D. Ossenbeck represented the seller, N. Laurel, Villa C, LP, a...
17 Summit Street

$11.9 million sale of two historic multifamily properties in prime East Orange location

Gebroe-Hammer Associates’ Executive Managing Director and East Orange market specialist David Oropeza has brokered the $11.9 million sale of 17 Summit Street and 60 North Arlington Avenue Apartments, two historic East Orange residential properties...
Alivia Apartments

Los Angeles-area multifamily asset trades for $49.6 million

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale and financing of Alivia Apartments, a 128-unit multifamily property in Whittier, California. The leasehold interest of the property sold for $49,625,000,...
The Highlands

Marcus & Millichap brokers sale of luxury student-housing townhomes in Tallahassee, Florida

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Highlands, a 78-bed student housing asset in Tallahassee, Florida. The...
Dimension on 27th Apartment Homes

ABI Multifamily brokers 260-unit West Phoenix apartment community for $49.75 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $49,750,000 / $191,346 Per Unit / $281.24 Per SF sale of Dimension on 27th Apartment...
1503 Fulton Ave

Trion Properties acquires 104-unit multifamily community in Sacramento, California for $23.6 million

Trion Properties, a multifamily investment sponsor and private equity real estate firm based in West Hollywood, California and Miami, Florida, announces the acquisition of 1503 Fulton Avenue, a 104-unit multifamily community located in Sacramento,...
Solamar Wildwood

JLL Capital Markets arranges $48 million non-recourse construction financing for Solamar Wildwood

JLL Capital Markets announced that it has arranged $48 million in construction financing for the development of Solamar Wildwood, a 243-unit, build-to-rent townhome and villa community located in Wildwood, Florida and adjacent to The...
7 DeKalb

Avanath Capital Management acquires high-rise apartment community in Brooklyn for $101.25 million

Avanath Capital Management, LLC (Avanath), a private real estate investment management firm, announces the acquisition of 7 DeKalb, a 251-unit multifamily property located in the Brooklyn borough of New York City, New York for...
Luna Apartments

$24.3 million financing secured for six affordable housing assets in Seattle

JLL Capital Markets announced that it has secured $24.3 million in acquisition financing for a six-asset affordable housing portfolio, consisting of 354 small efficiency dwelling units (SEDUs) located in infill Seattle, Washington. JLL worked on...
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