Monday, May 6, 2024

Deal boom

Apartment deals, mergers and acquisitions

The Habitat Company, Chicago Housing Authority, Cinespace and Sinai Health System to invest $200M...

Chicago-based The Habitat Company, a leading U.S. multifamily developer and property manager, today announced it received approval from the city’s Planning Commission to move forward with plans for a $200 million 10-acre mixed-use project...

Meridian Capital Group arranges $110 million in financing for the 251DEKALB multifamily property located...

Meridian Capital Group, America’s most active dealmaker, arranged $110 million in balance sheet financing for 251DEKALB, a five-building multifamily apartment complex located in King of Prussia, PA on behalf of a venture sponsored by...
Everett Avenue Portfolio

Interra Realty brokers sale of 130-unit Chicago multifamily portfolio

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of a 130-unit mixed-use multifamily portfolio in Chicago’s Hyde Park neighborhood. Comprising three buildings, the portfolio sold for an...

Passco Companies adds third multifamily asset to Texas portfolio this year with acquisition of...

Passco Companies, a privately held California-based commercial real estate company that specializes in acquisition, development, and property and asset management throughout the U.S., has acquired Boterra Bay Apartments in Baytown, Texas. The firm is rebranding...

M/I Homes celebrates new townhome model at Woodview in Woodridge, Ill.

M/I Homes, one of the most active builders in the Chicago area, announces it is opening a new decorated townhome model at Woodview, its new community of 51 low-maintenance townhomes off of 63rd Street,...
Nola Sol

Origin Credit Advisors Completes a $51.5M Construction Loan for Las Vegas Multifamily Project Nola...

Origin Strategic Credit Fund, a multifamily real estate credit fund, has agreed to provide a total of $61.3 million of construction debt and preferred equity financing for the development of Nola Sol, a multifamily...
Center & Stone

Financing secured for Massachusetts multihousing development

JLL Capital Markets announced that it has arranged the construction financing for Center & Stone, a 201-unit, two-building multihousing project with 9,500 square feet of retail space and 10,500 net square feet of amenity...

Grubb Properties to join program bringing affordable housing to Chapel Hill

Grubb Properties will dedicate units at Glen Lennox Apartments in Chapel Hill, N.C. to be part of an innovative, community-based coalition bringing more affordable housing to the town. In partnership with the Chapel Hill-Carrboro Chamber...
The Post

PCCP, LLC provides a $75 million loan to Griffis Residential for the acquisition and...

PCCP, LLC has provided a $75 million senior loan to Griffis Residential for the acquisition and repositioning of The Post, a 16-story, 208-unit apartment property located at 888 Western Avenue in downtown Seattle. Situated at...
Altamonte at Spring Valley

Trion Properties rapidly expands Florida Foothold with $49.1 million acquisition of 250-unit luxury multifamily...

Trion Properties, a multifamily investment sponsor and private equity real estate firm based in West Hollywood, California and Miami, Florida, has acquired Altamonte at Spring Valley, a 250-unit luxury multifamily community in Altamonte Springs,...

Cushman & Wakefield pepresents Atlantic Housing Foundation in $29.5 million sale of Watermans Crossing...

Cushman & Wakefield, as the exclusive agent, has negotiated the sale of Watermans Crossing, a multifamily community positioned along the Hillsborough River in the Wellswood submarket of Tampa. The 337-unit property sold for $29.5...
500 Des Plaines Ave

Interra Realty closes $3.15 million sale of apartment building in Forest Park, Ill.

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it facilitated the $3.15 million sale of 500 Des Plaines Ave., a 39-unit apartment building in Forest Park, Ill., a western suburb of...

Avanath acquires three affordable housing properties totaling 317-units in Chicago and Maryland for $55.05...

Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, has purchased three affordable housing communities with a combined total of 317 units in Chicago and Maryland. The assets were...
Infinity at the Rim

Institutional Property Advisors closes Northwest San Antonio multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Infinity at the Rim, a 310-unit, luxury mid-rise multifamily property in San Antonio, Texas. “Infinity at The Rim is an asset...
Canyon Park

Cushman & Wakefield arranges $32.25 million sale on behalf of Stratford Management

Cushman & Wakefield announced the commercial real estate services firm has arranged the sale of Canyon Park, a 252-unit apartment community located in Tallahassee, Florida. The final sale price was $32.25 million. Nick Meoli and...
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