Tuesday, April 23, 2024

Deal boom

Apartment deals, mergers and acquisitions

THEA at Metropolis

JLL completes acquisition financing of ultra-luxury Downtown Los Angeles multihousing tower

JLL Capital Markets announced that it has arranged the acquisition financing for THEA at Metropolis, a 685-unit, ultra-luxury, high-rise multihousing community located in Downtown Los Angeles. JLL worked on behalf of the new owner to...
Sunnyview Villa Apartments

The Mogharebi Group brokers $11.25 million sale of 44-unit affordable housing community in Palm...

The Mogharebi Group (TMG) has brokered the sale of a 44-unit garden-style multifamily community in Palm Springs, Calif. for $11.25 million. The buyer of the fully occupied property is a California-based affordable housing investor. Sunnyview...
Eastyn Park Apts

Institutional Property Advisors brokers sale and arranges financing for Tucson multifamily asset

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Eastyn Park, a 279-unit multifamily property in Tucson, Arizona. The $42.5 million sales price equates to $152,329 per unit. “Eastyn Park...
Hillcrest Acres Apartments

MassHousing closes on $18 million for the refinancing, preservation of affordability and extensive renovation...

MassHousing has provided a total of $18 million in affordable housing financing to the non-profit Retirement Housing Foundation (RHF), and its development consultant, the Schochet Companies, for the refinancing, preservation of affordability and renovation...
The Bluffs

JVM Realty Corp. acquires luxury apartment community southwest of Chicago

JVM Realty Corp., a leading vertically integrated multifamily real estate investment and property management firm, announced it has acquired Seasons at Romeoville, a 240-unit luxury apartment community in the Chicago suburb of Romeoville, from...
Chateau Spring Terrace

$10.75 million financing secured for a California multihousing community owned by Universe Holdings

JLL Capital Markets announced that it has arranged the $10.75 million refinancing of Chateau Spring Terrace, a 56-unit multihousing community located in La Mesa, California. JLL worked on behalf of the borrower, Universe Holdings, to...
Dock Street Flats

Sale of Minneapolis apartment community closes

JLL Capital Markets announced that it has closed the sale of Dock Street Flats, a 185-unit, 2013-built, luxury apartment community with 2,852 square feet of retail located within the historic North Loop neighborhood in...

Levin Johnston directs 1031 exchange of multifamily communities in San Mateo County

Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S., specializing in wealth management through commercial real estate investments, has successfully directed the sale of two San Mateo...
227 East Walton Place

Marcus & Millichap brokers $10.5 million sale of historic multifamily property in downtown Chicago

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced it has brokered the $10.5 million sale of 227 East Walton Place, a landmarked...
The Elise

Pensam provides $7.6 million preferred equity for recapitalization of Dallas apartments

Pensam has closed on a $7.6 million preferred equity investment for the recapitalization of The Elise, a 341-unit apartment community located in Dallas, Texas. In connection with the transaction, the sponsor, Windmass Capital, arranged...
Abberly NoDa Vista

Charlotte multihousing asset trades for $91 million

JLL Capital Markets announced that it has closed the $91 million acquisition of and the $60.3 million financing for Abberly NoDa Vista (formerly known as Live at NoDa), a 261-unit, five-story, wrap-style apartment within...
Elevate

Institutional Property Advisors negotiates Tucson multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Elevate, a 144-unit apartment property in Tucson, Arizona. The asset traded for $21.8 million, or $151,389 per unit. “Previous ownership enhanced...
EVO

$57.5 million financing secured for New Jersey multihousing community

JLL Capital Markets announced that it has arranged the $57.5M financing of EVO, a 220-unit, newly built, luxury multihousing property located in downtown Englewood, New Jersey. JLL represented the sponsorship, a joint venture between Claremont...
The Tides Waterfront

Marcus & Millichap completes Fort Worth multifamily asset sale

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Tides Waterfront, a 386-unit multifamily asset in Fort Worth, Texas. “Tides Waterfront...
Arcadia Plaza Apartments

Capstone has closed the sale of Arcadia Plaza Apartments

Capstone has closed the sale of Arcadia Plaza Apartments, a 13,188 SF multifamily property for the sale price of $4,600,000. Pat Knowlton of Capstone represented both the Seller and the Buyer on this transaction. Arcadia...
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