Tuesday, April 30, 2024

Deal boom

Apartment deals, mergers and acquisitions

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...
Avalon Studio 4121

Gelt, Inc. acquires a 149-unit apartment property in Studio City, California for $76 million

Gelt Inc., a Los Angeles-based real estate investment and asset management firm, is pleased to announce it has acquired Avalon Studio 4121, a 149-unit value-add apartment property located at 4041-4121 Radford Avenue in Studio...
Summit at Hyde Park

DB Capital recapitalizes 192-unit multifamily property in Austin, Texas

DB Capital in joint venture with a CrowdStreet, has recapitalized Summit at Hyde Park, a 192-unit apartment community in Austin, Texas. The acquisition represents a recapitalization of the 1980’s vintage garden style community, originally acquired...
Magnolia Gardens

The Multifamily Group completes the sale of 39 units in Texarkana, Texas

The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced the sale of Magnolia Gardens, a 39-unit garden-style multifamily property in Texarkana, Texas.  Yonnic Land represented the seller, and Guillermo Gameros procured the...
Bend at Oak Forest

Berkadia arranges sale of garden-style multifamily workforce community in Houston

Berkadia announces it has arranged the sale of Bend at Oak Forest, a 392-unit, garden-style multifamily workforce community located in Houston. Managing Director Jeffrey Skipworth, Senior Managing Directors Chris Curry and Todd Marix, Managing...
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