Sunday, May 5, 2024

Deal boom

Apartment deals, mergers and acquisitions

South Hills Apartments

Institutional Property Advisors brokers multifamily asset sale in Greater Los Angeles

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of South Hills Apartments, an 85-unit apartment property in West Covina, California. The $38.25 million sales price equates to $450,000 per...
Breezy Palms

Marcus & Millichap closes the sale of a 39-unit apartment building for $6.235 million...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Breezy Palms, a 39-unit apartment complex located in Largo, Fla. The...
Cypress Parc

Berkadia arranges sale and finance of garden-style multifamily community in North Houston

Berkadia announces it has arranged the sale and finance of Cypress Parc, a 200-unit garden-style multifamily community in Houston, Texas. Managing Directors Chris Young and Joey Rippel, Director Kyle Whitney, Managing Director Jeffrey Skipworth...
Belmont Place Senior Apartments

PEF Advisors acquires affordable apartment community for Seniors in Chicago

Preservation Equity Fund Advisors, LLC (PEF Advisors), a real estate private equity group focused on preserving existing affordable housing in high-cost markets, announced its recent acquisition of Belmont Place Senior Apartments, a 110-unit affordable...
851 W. Grand Ave

Interra Realty brokers $11 million sale of TOD in Chicago’s Fulton River District

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of a 36-unit transit-oriented multifamily property in the Fulton River District of Chicago's West Loop neighborhood. The building sold...
Days Inn Baymeadows

Marcus & Millichap announces the sale of 105-room hotel in Jacksonville, Florida for $5.5...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Days Inn Baymeadows, a 105-room hotel located at 8255 Dix Ellis...
992-1000 Amsterdam Avenue

Ariel Property Advisors announces sale of adjacent Upper West Side multifamily buildings for $16.2...

Ariel Property Advisors has arranged the sale of two adjacent, six-story mixed-use buildings at 992-1000 Amsterdam Avenue on the Upper West Side near Columbia University for $16.2 million. The acquisition was managed by an Ariel...
Everett Avenue Portfolio

Interra Realty brokers sale of 130-unit Chicago multifamily portfolio

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of a 130-unit mixed-use multifamily portfolio in Chicago’s Hyde Park neighborhood. Comprising three buildings, the portfolio sold for an...
32nd and Eliot Apartments

$24.26 million construction financing arranged for Denver multihousing project

JLL Capital Markets announced that it has arranged the $24.26 million construction financing for the development of 32nd and Eliot Apartments, a 124-unit, Class A, luxury multihousing community in the highly coveted Highlands neighborhood of...
reVerb Oak Lawn

Interra Realty brokers $13 million sale of 84-unit property in suburban Chicago

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of an 84-unit multifamily portfolio in Oak Lawn, Ill., a suburb of Chicago. The properties, branded as reVerb Oak...

iBorrow provides $17 million in refinancing for two mid-renovation multifamily assets in Southern California

iBorrow, a nationwide private direct lender for commercial real estate, has provided a $17.38 million refinance loan on two mid-renovation multifamily communities located in Southern California. The bridge loan will be used to refinance the borrower’s...

Marcus & Millichap closes three multifamily sales in Dallas-Fort Worth

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of three multifamily assets in the Mid-Cities region between Dallas and Fort...
Harpeth Valley Apartments

Nashville affordable housing development secures $18.82 million loan from the Amazon Housing Equity Fund

JLL Capital Markets announced that it has arranged the $18.82 million loan from The Amazon Housing Equity Fund for the construction of Harpeth Valley Apartments, a garden-style, 251-unit, mid-rise affordable housing development located in...
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...
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