Friday, May 3, 2024

Deal boom

Apartment deals, mergers and acquisitions

Atlantica at Burleson

The Jacobson Company acquires brand-new 217-unit multifamily community in Fort Worth, Texas suburb

The Jacobson Company, a leading private real estate investment and management company, has successfully completed the off-market acquisition of Atlantica at Burleson, a new Class A multifamily community comprising 217 units in the Fort...
Cedar Rim

Institutional Property Advisors closes Newcastle multifamily property sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Cedar Rim, a 104-unit multifamily asset in Newcastle, Washington. The $53 million sales price equates to $509,615 per unit. “Overlooking Lake...
The Bevy

JVM Realty Corp. acquires The Bevy Luxury Apartment Community near Milwaukee

JVM Realty Corp., a leading vertically integrated multifamily real estate investment and property management firm, announced it has acquired The Bevy, a 175-unit luxury apartment community in the Milwaukee suburb of Brown Deer. “We are...
Flatwater

Marcus & Millichap completes multifamily portfolio sale outside of Omaha

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Northridge and Flatwater, a 192 unit, two-property multifamily portfolio outside of...
Woodbrook

Institutional Property Advisors brokers suburban Seattle multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Woodbrook, a 100-unit apartment property in Everett, Washington. The property sold for $31.3 million, which represents $312,750 per unit. “Located in...
Villatree

Institutional Property Advisors negotiates Tempe multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Villatree, a 150-unit apartment property in Tempe, Arizona. The asset sold for $43.1 million which equates to $287,333 per unit. “Villatree...
Wright Apartments

Marcus & Millichap announces $24 million sale of Winchester Virginia Apartments

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Pine Plaza and Wright Apartments, a 195-unit apartment portfolio located in...
Grand Reserve Apartment Homes

Florida multihousing community sells for $70.6 million

JLL Capital Markets announced that it has closed the $70.6 million sale and arranged the debt and equity financing totaling $65 million for Grand Reserve Apartment Homes, a 263-unit, two-story, value-add multihousing community in...
Toscana Apartments

Archway Equities acquires 192-unit multifamily asset in Dallas from HLC Equity

Archway Equities (Archway) has acquired from HLC Equity, the 192-unit Toscana Apartments, in Carrolton, Texas, one of the fastest growing suburbs in Dallas. The purchase represents Archway’s second apartment investment in the immediate submarket...
Woodland Terrace

Cushman & Wakefield arranges $20.9 million sale of Arkansas 360 portfolio

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of five Arkansas multifamily properties that comprise the Arkansas 360 Portfolio—Cottages of Hot Springs, Glen Oaks, Indiandale Manor, Village Meadows,...
231WHK

$19 million in financing secured for New Jersey multihousing community

JLL Capital Markets announced that it has arranged the $19 million financing for 231WHK, a newly built 60-unit multihousing community in Weehawken, New Jersey. JLL represented a private developer to secure the five-year, fixed-rate loan...
The Westcott

Berkadia arranges sale of garden-style apartment community in Tallahassee, Florida

Berkadia announces it has arranged the sale of The Westcott, a 444-unit garden-style apartment community located in Tallahassee, Fla., along the state capital’s main east-west thoroughfare, the Apalachee Parkway. Managing Director David Etchison, Senior...
Arbors at Carollwood

Berkadia arranges $64.1 million loan for acquisition of multifamily property in Tampa

Berkadia announces it has arranged financing for the acquisition of 325 units at Arbors at Carollwood, a core-plus opportunity within the highly sought-after Carollwood submarket of Tampa, Fla. Senior Managing Director Mitch Sinberg and...
Timberwalk

Berkadia arranges sale and financing of garden-style apartment community in Houston, Texas

Berkadia announces it has arranged the sale and financing of Timberwalk, an attractive, well-maintained 300-unit apartment community located in Houston, Texas. Managing Directors Chris Young and Joey Rippel, Director Kyle Whitney, Managing Director Jeffrey...
Bridgewater Apartments

Berkadia arranges sale and financing of workforce housing in Houston, Texas

Berkadia announces it has arranged the sale and financing of Bridgewater Apartments, a 206-unit garden-style, workforce housing community in Tomball, Texas. Managing Directors Joey Rippel and Chris Young, Director Kyle Whitney, Managing Director Jeffrey...
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