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...
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...
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...
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,...
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,...
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...
$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...
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,...
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...
$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...
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...
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...
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...
Franklin Street arranges $10.8 million sale of value-add multifamily property in Tampa, Florida
Franklin Street has arranged the sale of French Quarter Apartments, a 57-unit, 50,585-square-foot multifamily community in Tampa, for $10.75 million, equating to $188,596 per unit. Franklin Street’s Tampa Multifamily Investment Sales Team of Avery Jordan,...
The Praedium Group acquires Versol in Bonita Springs, Fla.
The Praedium Group (Praedium), a national real estate investment firm, announced the acquisition of Versol, a 240-unit suburban multifamily property in Bonita Springs, Fla. located between the growing Naples and Fort Myers markets. Chris Hughes, Principal...