Thursday, April 25, 2024

Deal boom

Apartment deals, mergers and acquisitions

Stonegate Apartments

Universe Holdings acquires $53.370 million multifamily property in California’s Inland Empire

Universe Holdings has acquired the Stonegate Apartments (Stonegate), a 160-unit multifamily community in Southern California’s Inland Empire city of Riverside, in an off-market transaction worth $53.370 million. Built in 1987, Stonegate offers a mix of...
Gibson Reynoldstown Apartments

RADCO acquires Gibson Reynoldstown Apartments in Atlanta, property rebranded as Gibson by Radius

The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate investors and owner-operators, has acquired Gibson Reynoldstown Apartments, a newly constructed 205-unit mid-rise multifamily property in the Reynoldstown neighborhood of Atlanta, a...

Capital Square acquires two-property multifamily portfolio in Asheville, North Carolina for DST Offering

Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and a developer of mixed-use multifamily communities, today announced the acquisition of Asheville NC Apartment Portfolio, a two-property multifamily portfolio comprised...
Lake Park Crescent Apartments

Standard Communities leads public-private partnership acquiring 148 unit mixed income community in Chicago

Standard Communities, a major national affordable housing developer and investor, led a public-private partnership that acquired Lake Park Crescent Apartments, a 148-unit mixed income community in Chicago. The total capitalization of the transaction is approximately...
Obsidian - Portola Glendale

Berkadia-arranged programmatic partnership delivers more than $100 million in equity toward SB Real Estate...

Over the past 12 months, a programmatic partnership arranged by Berkadia has now delivered more than $100 million in equity towards SB Real Estate Partners’ (SBREP) multifamily expansion throughout the Southwest. On August 25,...
The Connection at Oxford

Sale of student housing community at the University of Mississippi closes

JLL Capital Markets announced that it has closed the sale of the 816-bed / 300-unit The Connection at Oxford located on the campus of the University of Mississippi. JLL worked on behalf of the seller,...
Watermark at Grand Central Park

Thompson Thrift announces sale of Watermark at Grand Central Park near Houston

Thompson Thrift, a full-service nationally recognized real estate company, announced the sale of Watermark at Grand Central Park, a 288-unit Class A multifamily community in the Houston suburb of Conroe. San Diego-based CEG Multifamily...
Stellar at Palm Aire

Berkadia arranges sale and financing of build-for-rent community in Broward County

Berkadia announces it has arranged the sale and financing of Stellar at Palm Aire, a new build-for-rent community consisting of 39 townhomes located in the center of the Palm Aire Country Club in Pompano...
Commons on Stella Apartment Homes

ABI Multifamily brokers 199-unit Southeast Tucson multifamily apartment community for $37 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $37,000,000 / $185,930 Per Unit / $205.20 Per SF sale of Commons on Stella Apartment...
Stonewood Village

Value-add multihousing community in Wisconsin sells for $40.8 million

JLL Capital Markets announced that it has closed the $40.8 million sale and arranged the $29.81 million acquisition financing for Stonewood Village, a 272-home, value-add, garden-style multihousing community in Madison, Wisconsin. JLL represented the seller, Stonewood...
Stonegate Apartments

Institutional Property Advisors brokers Inland Empire multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Stonegate Apartments, a 160-unit multifamily asset in Riverside, California. “With average rents in the Riverside submarket projected to grow 7.9 percent...
Moderne Arrowhead

Berkadia arranges $55.5 million of equity and secures programmatic joint venture partner for development...

Berkadia announces it has sourced both a joint venture partner and a preferred equity provider for developer Moderne to build two new multifamily communities in Phoenix totaling 358 units: The Governor and Moderne Arrowhead. Cody...
CoralGrove Brickell

JLL arranges sale of prime residential development site west of Brickell

JLL Capital Markets announced that it has closed the sale of CoralGrove Brickell, a 0.53-acre, residential development site planned for 85 units, located between Brickell and Coral Gables in Miami, Florida. JLL marketed the property...
Hudson Tigard Apartments

Trion Properties repositions and recapitalizes two multifamily communities totaling 373 units in Greater Portland,...

Trion Properties, a multifamily investment sponsor and private equity real estate firm based in West Hollywood, California and Miami, Florida, has recapitalized a multifamily portfolio in the greater metropolitan area of Portland, Oregon, in...
Halstead Station

$200 million sale of Westchester County multihousing community closes

JLL Capital Markets announced that it has closed the $200 million sale of Halstead Station, a 24-story, 408-unit, luxury, high-rise multihousing community located at the Metro North train station in New Rochelle, Westchester County,...
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