Monday, May 6, 2024

Deal boom

Apartment deals, mergers and acquisitions

Carlyle of Sandy Springs

Cushman & Wakefield arranges $105.6 million sale of The Carlyle of Sandy Springs

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of The Carlyle of Sandy Springs, a 389-unit multifamily community located in northern Atlanta. The sales price was $105.6...

Timberland Partners announces purchase of The Retreat of Shawnee, Shawnee, KS, 342 units

Minneapolis based Timberland Partners is pleased to announce the acquisition of The Retreat of Shawnee, located in Shawnee, Kansas. Founded in 1992, the company now owns and manages 69 apartment communities totaling 13,574 units...

The Multifamily Group brokers 350 units in Lubbock, Texas

The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced this week that it had facilitated the sale of a portfolio of assets in Lubbock, Texas. Jon Krebbs represented the seller, and...

North Texas multifamily asset trades hands all cash

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Parkside Townhomes, a 144-unit multifamily asset in Arlington, Texas. The sale...
Autumn Leaf

Kidder Mathews Sells Airway Heights Autumn Leaf Apartment Complex for $3.595M Near Spokane

Max Frame of the Simon and Anderson team, a multifamily investment team at Kidder Mathews, represented the seller in the sale of The Autumn Leaf Furnished Apartments in Airway Heights, Washington in Spokane County...
Mallory Square

$110 million sale for Mallory Square in Maryland completed

JLL Capital Markets announced it closed the $110 million sale of Mallory Square, a 365-unit mid-rise apartment community with 1,600 square feet of retail, located in the Shady Grove submarket of Rockville, Maryland. JLL worked on...

Multifamily asset changes hands in suburban Fort Worth

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Creek on Calloway, a 247-unit apartment complex in Richland Hills, Texas. “Significant exterior and interior improvements made since 2013 have...
Bellfort Plaza Apartments

Avatar Financial Group LLC Provides $6.5M for Bellfort Plaza Apartments in Southeast Houston

Avatar Financial Group LLC, a Seattle-based national hard money bridge lender for commercial real estate, has provided $6.5 million in financing for the 154-unit Bellfort Plaza Apartments. The multifamily community is situated in the...
The Reserve

Contegra Construction Co. completes new off-campus student housing serving Southern Illinois University at Edwardsville

With a 100 percent occupancy, the newly opened student housing complex called “The Reserve” is hugely popular with students at Southern Illinois University-Edwardsville (SIUE).  General contractor Contegra Construction Co. completed the 486-bed housing complex developed...

Announcing Uptown Apartments at Kirkland Urban

Kirkland Urban co-developers Talon Private Capital and Ryan Companies US Inc., announced today the naming of the residential portion of the Kirkland Urban project, to be known as ‘Uptown’.  The redevelopment site, historically known...
Rustic of McKinney

CONTI acquires Rustic of McKinney Apartments in McKinney, Texas

CONTI Organization, one of North Texas’ largest private multifamily property owner-operators, has acquired Rustic of McKinney, a 260-unit apartment complex located at 2700 N Brook Drive in McKinney, Texas. This acquisition, CONTI’s 44th in...
Bridle Creek Apartments

West Shore acquires fifth apartment community in Kentucky

West Shore, a multifamily real estate investment firm, announces its acquisition of Bridle Creek Apartments, an upscale apartment community in Lexington, Kentucky. This is West Shore’s fourth acquisition in Lexington and fifth in Kentucky....
Naranja Grand

Housing Trust Group and Elite Equity Development Break Ground on Naranja Grand, a New...

Housing Trust Group (HTG), a leading multifamily developer, has closed on financing and commenced construction on Naranja Grand, a new $44 million affordable senior community with 120 units in Leisure City, Miami-Dade County, Florida. Serving...
1503 Fulton Ave

Trion Properties acquires 104-unit multifamily community in Sacramento, California for $23.6 million

Trion Properties, a multifamily investment sponsor and private equity real estate firm based in West Hollywood, California and Miami, Florida, announces the acquisition of 1503 Fulton Avenue, a 104-unit multifamily community located in Sacramento,...

CA Ventures and K Giles LLC announce 50-percent-leased milestone at Eleven40 Apartment Tower in...

CA Residential LLC, the multifamily investment and development division of Chicago-based CA Ventures, together with joint venture partner K Giles LLC, today announced Eleven40, a mixed-use, transit-oriented development in Chicago’s South Loop, already is...
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