Thursday, April 25, 2024

Deal boom

Apartment deals, mergers and acquisitions

Lynd acquires value-add apartment community in Jacksonville for $35 million

Lynd Opportunity Partners (LOP), a Texas-based real estate investment firm, has acquired a 444-unit multifamily community in Jacksonville for $35.15 million in an off-market transaction. Built in the 1970s, the joint venture with Topaz...
Arboretum at South Mountain

Institutional Property Advisors brokers $118.25 million luxury multifamily asset sale in Phoenix

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Arboretum at South Mountain, a 312-unit multifamily asset inthe Ahwatukee Foothills Village of Phoenix, Arizona. The property sold for $118.25...
Cornus House

$34.7 million financing arranged for Tacoma multihousing development

JLL Capital Markets announced that it has arranged the $34.8 million construction financing for Cornus House, a 199-unit, mid-rise multihousing development located in downtown Tacoma, Washington. JLL represented the developer, Arboreal Investments, to secure the senior...
419 W. 4th Avenue

CBRE Completes Sale of Multifamily Community Near Historic Downtown Escondido California

CBRE announced the sale of a five-unit multifamily rental community in Escondido, California to a private investor for $1.41 million. The transaction was facilitated by CBRE’s Executive Vice President Dan Blackwell and Associate Amanda Fielder,...

Reynolds Terrace Apartments in Orange, NJ sells for $16.65 million in transaction arranged by...

In the North Jersey Metro’s high-population and high-building-density pocket of East Essex County, Gebroe-Hammer Associates has arranged the $16.65 million sale of Reynolds Terrace Apartments, a nine-story midrise comprised of 120 apartment units at...

Rivergate KW Residential furthers expansion in South Florida, Carolinas with four new assignments

RIVERGATE KW RESIDENTIAL, a leading multifamily property management company, has significantly bolstered its portfolio of communities under management in the core markets of South Florida and the Carolinas. RKW was awarded four new assignments...

HFF announces sale of 405-unit apartment community in Broward County

Holliday Fenoglio Fowler, L.P. (HFF) announced today the sale of The Glen at Lauderhill, a 405-unit apartment community located in Lauderhill, Florida, a prime suburban growth market within Broward County. HFF marketed the property exclusively...
The Ridges at Bentonville

Cushman & Wakefield arranges sale of The Ridges at Bentonville

Cushman & Wakefield announced that the commercial real estate services firm arranged the sale of The Ridges at Bentonville, a 96-unit apartment community that was built in 2006 and is located in Bentonville, Arkansas. Cushman...

Timberland Partners announces purchase of Sullivan Square, Bentonville, AR, 535 units and Parkway Lakeside,...

Minneapolis based Timberland Partners is pleased to announce the acquisitions of Sullivan Square, located in Bentonville, Arkansas and Parkway Lakeside, located in O’Fallon, Illinois. Founded in 1992, the company now owns and manages 71...
Legacy at Livermore

Legacy Partners Now Leasing 222-Residence Mixed-Use Community Legacy at Livermore in California

Legacy Partners, a privately held national real estate firm announced the opening of Legacy at Livermore, a 222-residence mixed-use community in Livermore, California. Designed by BDE Architects of San Francisco, the community is located at...
Eastyn Park Apts

Institutional Property Advisors brokers sale and arranges financing for Tucson multifamily asset

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Eastyn Park, a 279-unit multifamily property in Tucson, Arizona. The $42.5 million sales price equates to $152,329 per unit. “Eastyn Park...
Parke East

Newmark Knight Frank Multifamily closes $44.1 million sale and financing of Parke East

Newmark Knight Frank Multifamily announces the $44,100,000 sale and financing of Parke East, a 272-unit, community in Orlando. The property is in an infill location with tremendous accessibility to primary job hubs, educational institutions...
The Holston

Cushman & Wakefield arranges sale of The Holston, one of Asheville’s newest apartment communities

Cushman & Wakefield announced that the commercial real estate services firm arranged the sale of The Holston, a newly constructed 238-unit apartment community in the Weaverville submarket of Asheville, North Carolina. Cushman & Wakefield’s Michael Saclarides,...
Augusta Apartments

JLL closes $98.1 million sale, financing of Seattle apartments

JLL announced today that it has closed the $98.1 million sale and arranged acquisition financing for Augusta Apartments, a 209-unit apartment community in Seattle, Washington. JLL marketed the property on behalf of the seller, Vulcan...
Fielder’s Glen

Texas Mid-Cities apartment asset sale brokered by Marcus & Millichap

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Fielder’s Glen, a 220-unit apartment property built in 1985 in Arlington,...
Yield PRO