Thursday, April 25, 2024

Deal boom

Apartment deals, mergers and acquisitions

685 1st Ave

JLL arranges $387.5 million sale of New York City multihousing community

JLL’s Capital Markets group announced that it has closed the sale of a $387.5 million multihousing community comprised of 408 market-rate units and 9,693 square feet of commercial space located at 685 1st Ave. in...
Woodchase & Clarendon

Eagle Property Capital and Belay Investment Group announce disposition of Dallas-Fort Worth multifamily asset

Eagle Property Capital Investments, LLC (EPC), a vertically integrated real estate investment manager focused on the value-add multifamily space, announced the disposition of Woodchase & Clarendon, a 266-unit apartment community located in Irving, northwest of...
Grand Arbor Reserve

FCP acquires 297-unit multifamily apartment community in Raleigh, NC for $48 million

FCP announces the $48.0 million acquisition of Grand Arbor Reserve, a 297-unit vintage apartment community at 2419 Wycliff Road, blocks from I-440 in Raleigh, North Carolina. “Grand Arbor Reserve is a well-located asset that provides residents...
Regency at Stone Oak

Newmark announces sale of Regency at Stone Oak—a 320-unit townhome property in San Antonio

Newmark announces the sale of Regency at Stone Oak, a 320-unit townhome community in north central San Antonio, Texas. Newmark Vice Chairman Patton Jones, Senior Managing Director Matt Michelson and Managing Director Andrew Dickson...
Hallwood Apartments

Trion Properties sells 76-unit multifamily community in Greater Portland Metropolitan area for $21.5 million

Trion Properties, a multifamily investment sponsor and private equity real estate firm based in West Hollywood, California and Miami, Florida, has sold The Hallwood Apartments, a multifamily community totaling 76 units in the Beaverton...
Las Palmas Villas

ABI Multifamily brokers 24-unit Wickenburg multifamily apartment community for $3 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $3,000,000 / $125,000 Per Unit / $133.98 Per SF sale of Las Palmas Villas, a...
AXIS Crossroads

The Bainbridge Companies announces acquisition of new multifamily apartment community in Cary, North Carolina

The Bainbridge Companies (Bainbridge), a fully integrated family of real estate companies engaged in the development, construction/renovation, management, and acquisition of residential and commercial real estate as well as a leading owner, developer, and...
Destination at Union

Napali Capital acquires North Carolina apartment complex Destination at Union

Napali Capital, LLC, a leading Texas-based real estate investment company announces the acquisition of Destination at Union apartment community in Gastonia, North Carolina. Napali Capital and subsidiary Napali Residential Group will own and operate the...
Ariva

Marcus & Millichap completes dual Fort Worth multifamily sale for $46 million

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Ariva and Tribecca Pointe, two multifamily assets totaling 351 units in...
Jacob Apartments

Marcus & Millichap arranges the sale of a Coral Springs Apartment complex 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 Jacob Apartments, atwo-story, 20-unit boutique apartment community in Coral Springs, Florida....
Avalon Studio 4121

Institutional Property Advisors closes $76 million Studio City multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Avalon Studio 4121, a 149-unit multifamily asset in the Studio City neighborhood of Los Angeles, California. The property sold for...
Hoodview Apartment Homes

The Multifamily Group completes the sale of 150 units in Killeen, Texas

The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced that it had facilitated the sale of Hoodview Apartment Homes in Killeen this week.  Will Clarke represented the seller and Paul Yazbeck procured...
Arrington Apartments

Moline Investment Management acquires 156-unit mature LIHTC property

Moline Investment Management , a specialist investment manager focused on the ownership and operation of workforce multifamily assets across the Midwest and Central U.S. has acquired Arrington Apartments, a 156-unit mature LIHTC property in North...
FarmHaus

Thompson Thrift sells luxury multifamily community near Huntsville

Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced the sale of FarmHaus, a recently completed 324-unit Class A multifamily community located in the Huntsville...
Big Trout Lodge

Thayer Manca Residential continues to grow Washington portfolio

Thayer Manca Residential (TMR) continues to expand its multifamily portfolio in Washington with their newest acquisition. TMR has acquired Big Trout Lodge, a 297-unit property, in Lake Liberty, WA. Big Trout Lodge is the...
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