Sunday, May 5, 2024

Deal boom

Apartment deals, mergers and acquisitions

Santa Clara

Institutional Property Advisors brokers multifamily sale in North Austin

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Santa Clara, a luxury, three-story, 300-unit multifamily asset in Pflugerville, a suburb of Austin, Texas. “North Austin continues to grow rapidly...

Pathway to Living completes acquisition of 101-unit senior living community in Northwest Suburban Chicago

Pathway to Living, a Chicago-based developer, owner and operator of senior living communities, today announced it has completed its acquisition of Grandbrier of Prospect Heights, a 101-unit senior living community in Prospect Heights, Ill.,...
NORA

Institutional Property Advisors facilitates Orlando luxury rental complex sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of NORA, a six-story, 246-unit multifamily building with 9,263 square feet of ground floor retail in Downtown Orlando’s North Quarter district. “With...
Red Sage

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...
2225 3rd Avenue North

Parkview Financial provides $22.5 million loan for the redevelopment of former American Red Cross...

Parkview Financial announced it has provided a $22.5 million loan to EPT Holdings, LLC for a mixed-use redevelopment project located at 2225 3rd Avenue North in Birmingham, AL. Built in 1947, the five-story property...
Hampton Ridge

Greystone Bel’s Chicago office completes sale of five-property portfolio in Rockford, Illinois totaling $43.3...

Greystone Bel Real Estate Advisors Chicago Office recently closed the sale of the Hampton Portfolio in Rockford, Illinois for $43.3 million. The multifamily portfolio consists of five-properties totaling 582 units, which equates to a...

Oakwood expands “Oakwood Apartments” portfolio of branded properties

Oakwood Worldwide, the global leader in furnished and serviced apartments, is rapidly growing its portfolio of Oakwood Apartments branded properties in Asia with the portfolio’s total inventory expected to nearly double to a total...
High Street

Financing arranged for High Street in Atlanta’s Central Perimeter

JLL Capital Markets announced that it has arranged a construction loan for the development of Phase I of High Street, a mixed-use destination featuring approximately 150,000 square feet of retail and restaurants, 600 luxury...
reVerb Oak Lawn

Interra Realty brokers $13 million sale of 84-unit property in suburban Chicago

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of an 84-unit multifamily portfolio in Oak Lawn, Ill., a suburb of Chicago. The properties, branded as reVerb Oak...
Azul Apartments

IMG expands San Antonio portfolio to nearly 800 apartment units

Investors Management Group ("IMG"), a California-based real estate sponsor and operator, has acquired Azul Apartments, a 246-unit community built in 2007 and located in Northwest San Antonio for an undisclosed price. IMG now owns 798...
Rock Creek Terrace

Hudson Valley Property Group Acquires 1140-Unit Portfolio Across Maryland & North Carolina Including Rock...

Hudson Valley Property Group (HVPG), a leading, national affordable housing preservation company, announced the acquisition of a five-property portfolio spanning 1140 units across the D.C. metropolitan area and North Carolina. The properties include Rock...

Apartment high-rise hits the market in Connecticut’s capital

Institutional Property Advisors (IPA), a division of Marcus & Millichap announces the firm is the exclusive listing agent in the marketing for sale of 250 Main Street Apartments, a nine-story, 214-unit multifamily asset with...
Everly on the Loop

Newmark arranges sale of student housing asset serving Washington University in St. Louis, Missouri

Newmark announces it has completed the sale Everly on the Loop, a 209-unit, 428-bed student housing asset serving Washington University in St. Louis, Missouri. Newmark Vice Chairman and Head of Newmark’s Student Housing group Ryan Lang, Managing...
La Cima

Trez Capital commits to 304-unit development project in San Marcos, Texas

Trez Capital announces the closing of an equity investment in partnership with Thompson Realty Capital, LLC for the development of a garden-style multifamily project in San Marcos to be called La Cima. With a...
Sumner Apartments

PCCP, LLC provides $13.25 million preferred equity investment to finance construction of 162-unit multifamily...

PCCP, LLC announced it has provided a $13.25 million preferred equity investment to Timberlane Partners to finance the construction of Sumner Apartments, a 162-unit garden-style multifamily community located at 16017 60th Street in Sumner,...
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