Institutional Property Advisors brokers $150 million luxury multifamily asset sale in Scottsdale, Arizona
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of SeventyOne15 McDowell, a newly built, 274-unit multifamily asset in Scottsdale, Arizona. The property sold for $150 million, or $547,445 per...
Berkadia arranges sale of Class A multifamily community in West Houston
Berkadia announces it has arranged the sale of Oasis at Piney Point, a 318-unit, Class A apartment community located near the Galleria and Westchase submarkets of Houston, Texas. Managing Director Jeffrey Skipworth, Senior Managing...
Avanti Residential acquires 341-unit Artistry Apartments in Kansas City
Nationwide multifamily investor and operator Avanti Residential has acquired Artistry Apartments, a 341-unit Class-A apartment community in Kansas City, Missouri, for $94 million. The purchase marks Avanti’s seventh investment in the Kansas City metropolitan...
Stepp Commercial completes $6.64 million sale of a 22-unit apartment property in Bixby Knolls...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $6.64 million sale of a value-add 22-unit apartment property located at 4114 to 4118 Elm Avenue in the Bixby...
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,...
DB Capital purchases 296-unit multifamily community in Las Vegas for $64 million
Multifamily investment firm DB Capital Management (DB Capital) has made its entry into the Las Vegas market with the $64 million acquisition of the Boulevard, a 296-unit apartment community located just 20 minutes from...
Financing secured for premier mixed-use project in Oklahoma City
JLL Capital Markets announced that it has arranged over $100 million in construction financing for OAK, a transformative mixed-use development in Oklahoma City. Phase I of OAK will include 320-residential units, a 133-key locally...
Nashville apartment building trades for $86.625 million
JLL Capital Markets announced that it has closed the $86.625 million acquisition of and the $54.5 million dollar financing for Abberly Foundry, a five-story, 231-unit multihousing community, formerly known as Alta Foundry in Nashville,...
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...
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...
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...
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...
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 &...
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...
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...
