Friday, May 3, 2024

Deal boom

Apartment deals, mergers and acquisitions

Integra Peaks at Damonte Ranch

PCCP, LLC provides a $59.3 million senior loan for the acquisition of a 300-unit...

PCCP, LLC has provided a $59.3 million senior loan to LDK Ventures for the acquisition of Integra Peaks at Damonte Ranch, a partially complete, 300-unit, Class A garden-style apartment community in Reno, Nevada. Located...
Lakeside on Riverwatch Apartments

Capital Square acquires multifamily community near Augusta 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 Lakeside on Riverwatch Apartments, a 200-unit garden-style multifamily community in...
Millennium Apartments

IMG continues strategic investments of multifamily properties

Investors Management Group, Inc. (IMG) continued its strategic investments of multifamily properties with the acquisition of Millennium Apartments in Greenville, South Carolina for $64.4 million ($211,000 per unit). Over the past year, IMG has...
Harbourtowne at Country Woods

Berkadia secures $27.69 million loan for acquisition of fractured condos in Palm Harbor, Florida

Berkadia announces it has secured a $27.69 million loan for the acquisition of 161 out of 248 units at Harbourtowne at Country Woods, a fractured condominium community in Palm Harbor, Florida. Senior Managing Director...
The Grande Norwood

$10 million financing secured for New Jersey mixed-use community

JLL Capital Markets announced that it has arranged $10 million in refinancing for The Grande at Norwood, a recently completed, 41,463-square-foot mixed-use community in affluent Norwood, New Jersey. JLL represented the borrower, Maxim Realty Trust,...
Majestic

JLL arranges $140 million construction financing for latest mixed-use Gowanus development

JLL Capital Markets announced that it has arranged $142 million in construction financing for Majestic, a ground-up, Class A mixed-use development with 255 multihousing units and 18,000 square feet of commercial space, located at...
Gateway Place Phase II

$21.258 million in financing secured for Colorado apartment community

JLL Capital Markets announced that it has arranged the refinancing of Gateway Place Phase II Apartments, a 144-unit, three-story, garden-style multihousing community in Greeley, Colorado. JLL worked on behalf of the borrower, Morgan Energy to...
Caryle at Godley Station

West Shore acquires two more apartment communities in Georgia

West Shore, a multifamily real estate investment firm, announces its acquisition of two properties in Pooler, Georgia. The Carlyle at Godley Station and The Preserve at Godley Station are upscale apartment communities located less...
Monte Vista Gardens

The Mogharebi Group brokers $41.25 million sale of 118-unit senior housing portfolio in San...

The Mogharebi Group (TMG), on behalf of ROEM Development, has arranged the $41.25 million sale of a two-property, 118-unit senior affordable housing portfolio in San Jose, Calif. Built in 2001 and 2003 by ROEM, Monte...
FCP The Wel representative structured deal

FCP provides $43.8 million in preferred equity for multifamily in New York, Georgia and...

FCP announces $43.8 million in preferred equity has been invested through its Structured Investments platform in three multifamily properties in New York, Georgia, and Florida. The investments include apartment communities The Wel, an existing property...
Tanara Villa

Marcus & Millichap brokers Tacoma multifamily asset sale

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Tanara Villa, a 130-unit multifamily asset in Tacoma, Washington. The property...
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,...
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