Monday, April 29, 2024

Deal boom

Apartment deals, mergers and acquisitions

Brooklyn Yard Portfolio

Marcus & Millichap brokers the sale of a 118-bed student housing portfolio in Tallahassee...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Brooklyn Yard Portfolio, a 118-bed, 54-unit, student housing portfolio located in...
Grand Pointe Park

CBRE arranges $31 million sale of 156-unit Grand Pointe Park in Poughkeepsie, New York

Representatives of CBRE, led by Jeff Dunne, Richard Gatto, Fahri Ozturk, Eric Apfel, Stuart MacKenzie, and Zach McHale, announced the $31 million sale of Grand Pointe Park, a 156-unit multifamily community in Poughkeepsie, New...
The Factory at Garco Park

ECI Group enters Charleston, SC market with acquisition of The Factory at Garco Park

ECI Group (ECI) announces the acquisition of The Factory at Garco Park, a 271-unit, built in 2017, institutional-grade multifamily community in the highly-desirable Park Circle neighborhood in North Charleston, South Carolina. The Factory at...
Hacienda Villas

Universe Holdings acquires $12.55 million multifamily property in Ventura, California

Universe Holdings has acquired Hacienda Villas, a 34-unit townhome-style multifamily community in Ventura, Calif. for $12.55 million. It is the Los Angeles-based real estate investment firm’s second acquisition in Ventura the past five months...
Lake Forest Apartment Homes

Cushman & Wakefield arranges sale of Daytona Beach multifamily community

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Lake Forest Apartment Homes, a 384-unit multifamily community  located at 600 Jimmy Ann Dr. in Daytona Beach, Florida. Cushman &...
Park 35 Apartments

FCP acquires 304-unit Park 35 Apartments in Decatur, Georgia for $40.5 million

FCP announces the $40.5 million acquisition of Park 35 Apartments, a 304-unit garden apartment community at 3529 Robins Landing Way in Decatur, GA. FCP has invested in 33 properties since its entry into the Atlanta...
Brookfield

Institutional Property Advisors brokers sale and arranges financing for North Phoenix multifamily asset

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Brookfield, a 124-unit multifamily asset in Phoenix, Arizona. The property sold for $31 million, which represents $250,000 per unit. “Buyers were...
3045 Broadway Ave

Florida multihousing development site sells for $9 million

JLL Capital Markets announced that it has closed the $9 million sale of an off-market, shovel-ready, 180-unit apartment development site in Sarasota, Florida. JLL represented the seller, a joint venture between Defined Companies, co-founded and...
Plaza Grande

The Mogharebi Group brokers $9.25 million sale of 92-unit multifamily community in Monterey County,...

The Mogharebi Group (TMG) has arranged the $9.25 million sale of Plaza Grande, a 92-unit multifamily community in Salinas, Calif. TMG represented the Monterey-based developer-owner of the fully occupied affordable housing community in its...
Dana Park

Institutional Property Advisors closes $64.65 million multifamily asset sale in Mesa

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Dana Park, a 222-unit apartment property in Mesa, Arizona. The $64.65 million sales price equates to $291,216 per unit. “For over...
900 W 23rd Street

iBorrow provides financing to support acquisition and strategic upgrades of student housing asset in...

iBorrow, a nationwide private direct lender for commercial real estate, has provided financing to Hawkwood Ventures LLC, a national commercial real estate investor, for the acquisition of a 140-bed, four-story student housing asset which serves students attending the University of Texas in Austin, Texas. The $11.2 million financing will fund a series of capital improvements to better...
Wiliamsburg - Virginia

Berkadia arranges $27.7 million in equity for GW Real Estate Partners to develop Class...

Berkadia announces it has sourced a joint venture equity partner for GW Real Estate Partners, a vertically integrated multifamily development and construction firm, to build a new Class A apartment community in Williamsburg, Va....
Pooler Station

Trion acquires 160-unit community in Savannah, Georgia submarket for $38.45 million

Trion Properties, a multifamily investment sponsor and private equity real estate firm based in West Hollywood, California and Miami, Florida, has announced two key strategic initiatives to bolster the firm’s growth in the Southeast:...
Blume Coral Gables

Leading Swiss investment firm Lurra Capital completes $42.5 million multifamily acquisition in Miami

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Blume Coral Gables, a 100-unit apartment community located in Miami. The final sale price was $42,500,000. Calum Weaver, Robert Given,...
Lyric at Norton Commons

Capital Square acquires luxury multifamily community near Louisville 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 Lyric at Norton Commons, a Class A+, 273-unit mixed-use multifamily...
Yield PRO