Sunday, April 28, 2024

Deal boom

Apartment deals, mergers and acquisitions

19th and Church

JLL secures $133.6 million financing for Nashville multihousing development from Square Mile Capital

JLL Capital Markets announced that it has closed the $133.6 million construction financing of a Class A, 383-unit multihousing development at 1815 Church St. in Nashville’s Midtown neighborhood. JLL worked on behalf of 19th Church...
The Nash

Next Wave acquires 180-unit value-add multifamily community in Gresham, Oregon for $34 million

Next Wave Investors, LLC (Next Wave), a private equity firm focused on value-add multifamily investments, has announced its acquisition of The Nash, a 180-unit multifamily community in the Portland metro submarket of Gresham, Oregon,...
Skyline Apartments

Continental Realty Group & MLG Capital acquire Durango multifamily property

Continental Realty Group, through its subsidiary Continental Realty Assets, Ltd. (CRA), a Denver-based multifamily owner and operator, in partnership with Milwaukee-based MLG Capital, is pleased to announce the purchase of the 112-unit Skyline Apartments...
Tapestry West

Capital Square acquires Class A multifamily community in Richmond, Virginia for DST offering

Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced the acquisition of Tapestry West, a 262-unit Class A multifamily community in Richmond,...
Carlyle at Bartram Park

PCCP, LLC provides $72.7 million senior loan for the acquisition and renovation of a...

PCCP, LLC has provided a $72.7 million senior loan to Rose Valley Capital, an affiliate of Hampshire Properties, for the acquisition and renovation of Carlyle at Bartram Park, a 336-unit apartment community located at...
Stonegate Riverside

$24.64 acquisition financing arranged for California multihousing community

JLL Capital Markets announced that it has arranged the $24.64 million acquisition financing for Stonegate Riverside, a 160-unit, 1987 vintage, value-add, garden-style multihousing community in Riverside, California. JLL represented the borrower, Universe Holdings, to secure the...
Talus

Monument Capital Management acquires its eighth multifamily community in the Minneapolis area

Monument Capital Management, an A-Rod Corp company and one of the country’s premier fully integrated real estate investment firms, announces it has acquired Talus, a 192-unit multifamily community in Plymouth, MN, just west of...
Elan Memorial Park at twilight

DLP Capital and ORP Investments acquire mixed-use multifamily community in heart of thriving Houston...

DLP Capital, a private real estate investment and financial services firm, announced that it has purchased a Houston-area multifamily property, Elan Memorial Park, in partnership with Texas-based ORP Investments Inc. The mixed-use property, with...
ReNew Tatnuck Square

CBRE arranges $26.7 million sale of 120-unit garden style apartment community in Worcester, Mass....

CBRE announced that it has arranged the $26.7 million sale of ReNew Tatnuck Square, a 120-unit garden style apartment community located at 13 Brookside Avenue in Worcester, Mass. CBRE Capital Markets’ multihousing experts Simon Butler,...
Topaz Villas

Lynd-Topaz joint venture sells Jacksonville apartment community for $66 million

Lynd Acquisitions Group (LAG), a division of the Lynd Group, and its JV partner Topaz Capital, sold a 444-unit value-add multifamily asset in Jacksonville for $66 million just three years after acquiring it for...
Austin Estates

Marcus & Millichap arranges the $32.25 million sale of a two-property multifamily portfolio in...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a two-property multifamily portfolio in Decatur, Georgia. The properties, Austin Estates...
Casa Sole Vita Townhomes

ABI Multifamily brokers 42-unit East Mesa townhome rental community for $20 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $20,000,000 / $476,190 Per Unit / $337.72 per square foot sale of Casa Sole Vita...
The Enclave in Town

Sale of Clemson University student housing portfolio closes

JLL Capital Markets announced that it has closed the sale of the two-property, 382-bed / 146-unit, value-add student housing portfolio at Clemson University in South Carolina, consisting of The Enclave in Town and The...
Pointe East Apartment Homes

Institutional Property Advisors brokers suburban Tacoma multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of the Pointe East Apartment Homes, a 124-unit multifamily asset in Fife, Washington. The property traded for $31.75 million, which equates...
5150 JB Drive Apartments

$76.8 million in financing secured for multihousing community near Nashville

JLL Capital Markets announced that it has arranged $76.8 million in acquisition financing for the 5150 JB Drive Apartments, a 384-unit, luxury, garden-style multihousing community in Murfreesboro, Tennessee within the Nashville MSA. JLL worked on...
Yield PRO