Sunday, May 5, 2024

Deal boom

Apartment deals, mergers and acquisitions

Village at Tradition

Joint Venture of PCCP, LLC and Grand Peaks acquires newly developed two-property multifamily portfolio...

A joint venture of PCCP, LLC and Grand Peaks has acquired a two-property multifamily portfolio totaling 696 units—both of which completed construction earlier this year and are currently in the lease-up phase. The garden-style...
Tidewater at Atlantic Beach

Odyssey Properties Group continues bullish Florida expansion with acquisition of two multifamily communities totaling...

Odyssey Properties Group, a multifamily investment sponsor and private equity real estate firm based in Los Angeles, has acquired two multifamily communities in Florida comprising a total of 304 units for $53 million. The properties...
The Wyatt

Decron Properties acquires 216-unit multifamily property in Phoenix Metro for $91 million

Decron Properties has acquired The Wyatt, a 216-unit garden-style apartment community in the Phoenix submarket of Gilbert, Arizona, for $91 million. It is the ninth acquisition for Decron in the Phoenix metro overall and...
City View Apartments

Marcus & Millichap negotiates the sale of a 65-unit multifamily complex for $11.65 million

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of City View Apartments, a 65-unit complex in Fort Lauderdale, Florida. The...
The Landing at Long Beach

$75 million in refinancing secured for Long Beach multihousing community

JLL Capital Markets announced that it has arranged the $75 million refinancing for The Landing at Long Beach, a 206-unit garden-style apartment community in Long Beach, California. JLL represented the borrower, Silver Star Real Estate,...
Ashford Place

Cushman & Wakefield arranges sale of Mobile 625 Portfolio

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of three Mobile multifamily communities that comprise the Mobile 625 Portfolio – Ashford Place, Huntleigh Woods, and Southern Oaks. Craig Hey...
Columns at Bear Creek

ECI Group announces $625 million portfolio refi

ECI Group has closed a $625 million refinance of a 13-asset portfolio of multifamily assets through Goldman Sachs Bank USA, fueling ECI’s reinvestment in existing assets and supporting an active development pipeline as well...
Hampton Greens

Marcus & Millichap brokers 309-unit multifamily asset sale in Dallas

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Hampton Greens, a 309-unit apartment complex in Dallas, Texas. “Occupancy at Hampton...
2001 North Clybourn Avenue

Greenstone Partners brokers sale of mixed-use Lincoln Park property for $6.7 million

Commercial real estate brokerage firm Greenstone Partners announces the sale of a $6.7 million timber loft office building in Chicago’s Lincoln Park neighborhood. Greenstone Partners’ Managing Partners Danny Spitz and Jason St. John represented...
7027-33 S. Indiana Ave

Interra Realty negotiates $1.9 million sale of multifamily property in Chicago’s Park Manor Neighborhood

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it negotiated the $1.9 million sale of 7027-33 S. Indiana Ave., a 26-unit multifamily property in Chicago’s Park Manor neighborhood. The price per...
Avalon Green

Sale of multihousing community in Westchester County, New York closes

JLL Capital Markets announced that it has closed the sale of Avalon Green, a 617-unit, value-add multihousing community located within Westchester County in Elmsford, New York. JLL marketed the property on behalf of the seller,...
Thrive at Peace Way

Haven Realty Capital and Apollo Global Management close on Las Vegas BTR Community

Haven Realty Capital (Haven), in partnership with funds managed by an affiliate of Apollo Global Management, Inc., has closed the first phase of a $22.8 million acquisition of a build-to-rent (BTR) townhome community now...
The Anatole Apartment Homes

Cushman & Wakefield arranges sale of The Anatole Apartment Homes

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of The Anatole Apartment Homes, a 208-unit multifamily community located in Daytona Beach at 1690 Dunn Ave. Mike Donaldson and Nick...
Dolce Villagio Lofts

Institutional Property Advisors closes boutique East Valley build-to-rent multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Dolce Villagio Lofts, a 37-unit multifamily asset in Tempe, Arizona. The $21.25 million sales price equates to $574,324 per unit. “Dolce...
Pearl Point

Marcus & Millichap closes 216-unit multifamily asset sale in Rockport, Texas

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Pearl Point, a 216-unit multifamily complex in Rockport, Texas. “Best-in-class assets in...
Yield PRO