Monday, April 29, 2024

Deal boom

Apartment deals, mergers and acquisitions

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...
Onyx on Park

$26.9 million financing arranged for multihousing development in San Diego

JLL Capital Markets announced that it has arranged the $26.9 million construction financing for Onyx on Park, a 61-unit, urban infill multihousing community located in the Hillcrest neighborhood of San Diego, California. JLL represented the...
Glenwood Apartment Homes

The Multifamily Group completes the sale of 60 units in Houston, Texas

The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced that it had facilitated the sale of Glenwood Apartment Homes in Houston this week.  Bryce Smith represented the seller and procured the buyer.  “Our...
The Baldwin

Berkadia arranges sale of new Class AA garden-style apartment community in Orlando

Berkadia announces it has arranged the sale of The Baldwin, a brand new, 270-unit Class AA garden-style apartment community in Orlando, Florida. Managing Director Brett Moss, Associate Director Tyler Swidler, Senior Managing Director Matt...
Hills at Hoover

Marcus & Millichap completes $44 million multifamily sale in Birmingham

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Hills at Hoover, a 320-unit multifamily asset in the highly...
5 Oaks

Berkadia arranges sale and financing of Class A garden-style multifamily community in Houston

Berkadia announces it has arranged the sale and financing of 5 Oaks, a 228-unit, multifamily community in Houston. Managing Director Jeffrey Skipworth, Senior Managing Directors Chris Curry and Todd Marix, Managing Directors Chris Young...
Walnut Tower

Acquisition financing arranged for new Joint Venture on Kansas City multihousing community

JLL Capital Markets announced that it has arranged term acquisition financing for Walnut Tower, a 180-unit, high-rise multihousing community located in downtown Kansas City, Missouri. JLL represented the borrower, a joint venture between Peakview Investments...
Sophia Square Apartments

Sale of multihousing community in southern Miami-Dade county closes

JLL Capital Markets announced that it closed the sale of Sophia Square Apartments, a 281-unit, Class A, garden-style apartment community located in southern Miami-Dade county. JLL marketed the property on behalf of the seller, Grand...
Integra Peaks at Damonte Ranch

PCCP, LLC provides a $59.3 million senior loan for the acquisition of a 300-unit...

PCCP, LLC has provided a $59.3 million senior loan to LDK Ventures for the acquisition of Integra Peaks at Damonte Ranch, a partially complete, 300-unit, Class A garden-style apartment community in Reno, Nevada. Located...
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