Saturday, May 18, 2024

Deal boom

Apartment deals, mergers and acquisitions

563-565 Nostrand Avenue

GFI Realty Services arranges $3.55 million sale of two adjacent mixed-use Crown Heights buildings

GFI Realty Services, LLC announced the $3.55-million sale of 563-565 Nostrand Avenue, two adjacent three-story mixed-use buildings consisting of eight free market apartments and two ground floor retail units, located in the Crown Heights...
Territory at Greenhouse

Marcus & Millichap brokers sale and secures financing for West Houston multifamily asset

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale and acquisition financing of Territory at Greenhouse, a 288-unit luxury apartment complex...
Wellington Townhomes

iBorrow provides $11.6 million in financing for acquisition of 92-unit multifamily property in Atlanta...

iBorrow, a nationwide private direct lender for commercial real estate, has provided an $11.6 million loan to enable the acquisition of Wellington Townhomes, a 92-unit multifamily community in the College Park neighborhood of Clayton County, Georgia, according to Brian Good, CEO of iBorrow. “iBorrow identified...
Lyric at Norton Commons

Capital Square acquires luxury multifamily community near Louisville 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 Lyric at Norton Commons, a Class A+, 273-unit mixed-use multifamily...

Timberland Partners announces purchase of Ridgemont at Stringers Ridge, Chattanooga, TN, 226 units

Minneapolis based Timberland Partners is pleased to announce the acquisition of Ridgemont at Stringers Ridge, an apartment community located in Chattanooga, Tennessee. Founded in 1992, the company now owns and manages 67 apartment communities...
Bardin Greene, Arlington, Texas

Magma Equities and Macquarie Asset Management acquire 285-unit apartment community in Arlington, Texas

Magma Equities and a global real estate fund managed by Macquarie Asset Management has acquired Bardin Greene, a 285-unit garden style multifamily property in the Dallas-Fort Worth Metro city of Arlington, Texas from Moody...

Marcus & Millichap arranges sale of an 83-unit apartment property in Belleville, Ill.

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Westown, an 83-unit apartment property located in Belleville, Ill., according...
528 W. Oakdale Avenue in Chicago, Illinois

Interra Realty Brokers $17.5 Million Sale of Apartment Building in Chicago’s Lakeview Neighborhood

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $17.5 million sale of a 60-unit multifamily building in Chicago’s Lakeview East neighborhood. The transaction equated to $291,667 per unit. Interra...

Levin Johnston directs $15.95 million sale of 52-unit multifamily community in Alameda, California

Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has directed the $15.95 million sale of Buena Vista...
Retreat at Thousand Oaks

Institutional Property Advisors Brokers $171M Ventura County Multifamily Portfolio Sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced the $171.25 million sale of a two-property, 399-unit multifamily portfolio in Thousand Oaks, California within Ventura County. The properties are Los...
Oso Apartments

Evergreen Real Estate Group expands national affordable housing portfolio

Chicago-based Evergreen Real Estate Group, a leader in the acquisition, development, rehabilitation and management of both affordable and market-rate multifamily housing, announced it has been retained to manage affordable housing communities comprising a total...
Hood Apartments

Hood Apartments in Gresham, Oregon sells for $12 million

Kidder Mathews is pleased to announce the sale of Hood Apartments for $12,000,000. The 64-unit, newly constructed apartment building is located at 1833 SE 6th Street in Gresham, Oregon. Jordan Carter, Clay Newton, and Tyler Linn,...
Naismith Hall

Student housing dormitory near University of Kansas sells

JLL Capital Markets announced that it handled the sale of Naismith Hall, a student housing dorm-style community totaling 504 beds, located on campus at the University of Kansas in Lawrence, Kansas. JLL represented the seller,...
East Village Apartments

HP Ventures Group-Development Services LLC acquires East Village Apartments in Downers Grove for $7.1...

HP Ventures Group-Development Services LLC (“HP”) has acquired East Village Apartments in Downers Grove, Illinois for $7.1 million. Kiser Group’s Ron Plonis represented both the seller, Forth Group Real Estate, and buyer in the...
Marbella Luxury Apartments

Birmingham-based OG Capital acquires multifamily real estate community in Gulf Shores, Alabama

OG Capital, a Birmingham-based multifamily real estate investment firm, has acquired Marbella Luxury Apartments, a 96-unit luxury apartment community situated on 4.77 acres at 1910 E. First St. in Gulf Shores.  OG Marbella, LLC, an affiliate of OG Capital purchased the property from...
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