Saturday, May 18, 2024

Deal boom

Apartment deals, mergers and acquisitions

March 13 bid deadline set for Cold Spring Hills, N.Y., development site

Cushman & Wakefield has announced March 13 as the bid deadline for a 13.28-acre multifamily development opportunity in Cold Spring Hills. Set between the prestigious Cold Spring Country Club and famed Oheka Castle, the...
Verandas at Shavano

Institutional Property Advisors brokers Northwest San Antonio apartment asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Verandas at Shavano, a 288-unit multifamily asset in the Far Northwest submarket of San Antonio, Texas. “San Antonio’s high quality of...
Hackensack Gardens

$31.5 million financing secured for New Jersey multihousing community

JLL Capital Markets announced that it has arranged $31.5 million in financing for the acquisition and renovation of Hackensack Gardens, a 198-unit, garden-style, multihousing community located in Hackensack, Bergen County, New Jersey. JLL represented the...
Village at Willow Lakes

Cushman & Wakefield arranges $5.97 million sale for DLP Real Estate Capital

Cushman & Wakefield has arranged the $5.97 million sale of Village at Willow Lakes, a 95-unit apartment community located in Spartanburg, South Carolina. Jordan McCarley, Watson Bryant and Tai Cohen of Cushman & Wakefield...

WINLYND acquires distressed note on 384-bed student housing community in Texas

WINLYND, LLC has acquired the distressed bank note on a 384-bed student housing community in Beaumont, Texas and subsequently took ownership of the property following a foreclosure auction. The purchase price was not disclosed. Village...
Sienna Pointe Apartments

Tower 16 Capital Partners acquires a two-property, 504-unit multifamily portfolio in the Inland Empire...

San Diego-based Tower 16 Capital Partners has acquired a two-property multifamily portfolio consisting of 504 units in Moreno Valley, Calif., for $107.2 million. The Sienna Pointe Apartments project consists of 384 units built in...
East Park Apartments Ribbon Cutting

Mayor Emanuel joins The Habitat Company to celebrate the completion of $16M acquisition and...

Chicago-based The Habitat Company, a leading U.S. multifamily developer and property manager, announced today the completion of a $16 million acquisition and rehabilitation of a 153-unit single room occupancy (SRO) community in Chicago’s East...

$20.9 million student housing portfolio trades hands in North Carolina

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Deacon Properties, a 64-home, 251-bed student housing portfolio in Winston-Salem,...
Sonoma Pointe

ZMR Capital acquires fourth Orlando multifamily community of 2022

ZMR Capital has acquired Sonoma Pointe, a 216-unit garden-style multifamily community in the Kissimmee submarket of Orlando, Florida, in an all-cash deal. The Tampa-based real estate investment company increases its Orlando apartment portfolio to...
700 North Delaware Avenue

JLL Arranged the Construction Financing for a 187-unit Phase II Development Located at 700...

JLL Capital Markets announced that it has arranged $55.7 million in construction financing for a 187-unit, luxury multi-housing development located at 700 North Delaware Avenue in the Northern Liberties neighborhood of Philadelphia, Pennsylvania. The...

IPA sells four-property multifamily value-add portfolio in San Antonio

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of a portfolio totaling four multifamily value-add assets in San Antonio with a total of 1,210 units. “Located within strong submarkets, each...

$93 million San Fernando Valley multifamily asset sale brokered by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Carillon Apartment Homes, a 264-unit, 235,214-square-foot multifamily property in the Warner Center/Woodland Hills area of Los Angeles. The sales price...
Arte

Sunrise Management adds high-end Southern California multifamily communities to portfolio

Expanding its California portfolio, San Diego-based Sunrise Management has taken over day-to-day management of Arte West, a 228-unit, four-story luxury community in Santa Ana, Calif., and Arte, a high-end 182-unit apartment community on 4.4...

Wicker Park Connection II welcomes first move-ins on Chicago’s Northwest Side

Chicago-based Hubbard Street Group and co-developer Centrum Realty and Development today announced the first residents this week started moving into Wicker Park Connection II, a 15-story, 146-unit apartment development in Chicago’s vibrant Wicker Park...
Print House by Vermella

JLL arranges $48.75 million loan for New Jersey apartment development

JLL Capital Markets announced that it has arranged $48.75 million in financing for the development of Print House by Vermella, a 271-unit, best-in-class apartment building in Hackensack, Bergen County, New Jersey. JLL worked on behalf...
Yield PRO