Thursday, April 25, 2024

Deal boom

Apartment deals, mergers and acquisitions

Lantower Alamo Heights

Old Three Hundred Capital secures $47.3 million in acquisition financing for multihousing community in...

JLL Capital Markets announced that it has arranged $47.3 million in acquisition financing and secured the preferred equity for Lantower Alamo Heights, a 312-unit multihousing community located in the Alamo Heights neighborhood of San...
Paces at the Estates

Cushman & Wakefield arranges sale of Paces at the Estates

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Paces at the Estates, a 270-unit multifamily property located in Opelika, Alabama. Andrew Brown of Cushman & Wakefield and Brian...
Senita on Cave Creek

Draper and Kramer acquires luxury rental community Senita on Cave Creek in Phoenix

Draper and Kramer, Incorporated, a national full-service real estate firm, announced it has added to its national portfolio of multifamily properties with the purchase of Senita on Cave Creek, a 15-building, 240-unit luxury rental...
Hilands

Institutional Property Advisors closes $178 million North Tucson multifamily property sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Hilands, a 826-unit multifamily asset in Tucson, Arizona. The $178 million sales price, which represents $215,496 per unit, is the...
Heights on Huron

FCP expands multifamily portfolio in Colorado with $55 million acquisition of Heights on Huron...

FCP and joint venture partner Avanti Residential announce the $55 million acquisition of Heights on Huron, a 252-unit garden apartment community at 10648 Huron Street in Northglenn, Colorado. In May 2022, FCP announced its initial...
The Moorings

Fogelman Properties completes acquisition of 201-unit apartment community in Houston, Texas

Fogelman Properties, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, announces the acquisition of The Moorings, a 201-unit apartment waterfront community in Houston, Texas. The Moorings offers newly...
Retreat at Arden Farms Apartments

Capital Square acquires multifamily community near Asheville, North Carolina, for DST offering

Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of mixed-use multifamily communities, announced the acquisition of Retreat at Arden Farms Apartments, a 312-unit apartment community...
West Coast Properties Collection

Marcus & Millichap lists and closes 91-unit Los Angeles apartment portfolio

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today that Rick Raymundo and Landy Toledo listed and sold the West Coast Properties...
Craft at Gilbert Baseline

Institutional Property Advisors closes boutique Mesa multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Craft @ Gilbert & Baseline, a boutique, 104-unit multifamily asset in Mesa, Arizona. The $45 million sales price represents $432,692...
Soleste Grand Central

Avanti Residential acquires $181 million Soleste Grand Central apartments in Miami

Denver-based Avanti Residential has acquired Soleste Grand Central, a newly built luxury 360-unit apartment community in downtown Miami. Avanti purchased the Class A multifamily community for $181 million from The Estate Companies, who developed...
The Retreat

Thompson Thrift Residential sells The Retreat in Corpus Christi

Thompson Thrift Residential, a wholly-owned company of Indianapolis-based Thompson Thrift, announced the sale of The Retreat, a 324-unit multifamily community located in The District of Timbergate area of Corpus Christi. A private real estate...
Rio Vista

Marcus & Millichap completes multifamily asset sale in Dallas/Fort Worth Metroplex

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Rio Vista, a 246-unit apartment asset in the northeast suburbs of...
Copper Creek

Marcus & Millichap closes two-property metroplex multifamily sale for $71.5 million

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of two multifamily properties in Dallas-Fort Worth. The assets are Copper Creek,...
The Cottages on Hayward

ABI Multifamily brokers 30-unit Northwest Phoenix apartment community for $7.65 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $7,650,000 / $255,000 Per Unit / $297.96 Per SF sale of The Cottages on Hayward,...
Alley24

The Jacobson Company sells 172-unit multifamily community in downtown Seattle for $90 million

The Jacobson Company, a leading private real estate investment and management company, has sold Alley24, a 172-unit multifamily property in Seattle, Washington for $90 million. The firm initially acquired the asset for $72 million...
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