Saturday, May 4, 2024

Deal boom

Apartment deals, mergers and acquisitions

Chatham Village Apartments sells for $35.25 million in transaction arranged by Gebroe-Hammer Associates

In Northern New Jersey’s extremely supply-constrained Short Hills Region multifamily investment submarket, Gebroe-Hammer Associates has orchestrated the $35.25M sale of 118 apartment-home units at Chatham Village Apartments in Chatham Township. The firm’s three Executive...

Levin Johnston directs $11.7 million sale of newly renovated 22-unit multifamily community in Redwood...

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 $11.7 million sale of Woodside North,...
Park Vue Flats

BWE Secures $18.5M in Financing for St. Louis Workforce Housing Portfolio – One Loop...

BWE, a national commercial and multifamily mortgage banking company, announced that it has secured permanent financing for One Loop Apartments, Broadway Park Apartments, and Park Vue Flats, three workforce housing communities in St. Louis,...
The Abbott

Dunleer sells The Abbott, a six-unit apartment property in Highland Park neighborhood of L.A.,...

Dunleer, a Los Angeles-based private real estate investment and development firm, announced the $2.375 million sale of The Abbott, a fully occupied six-unit apartment property located at 400 N Avenue 54 in the Highland...
The Alden

Cushman & Wakefield arranges sale of student housing planned for conversion to conventional apartments

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of The Alden, a 176-unit, 528-bed student housing apartment community located in Birmingham, Alabama. Travis Prince, Shawn Lubic and Victoria...
Desert Shadows

Thayer Manca Residential adds Tucson property to growing Arizona portfolio

Thayer Manca Residential (TMR) has purchased their newest multifamily property in Tucson, Ariz. TMR purchased Desert Shadows, a 338-unit property for $69,300,000.  Desert Shadows is the third property in TMR’s growing Tucson portfolio. TMR acquired...
Victoria at Lauderhill

Victoria at Lauderhill sells for $12.78 million to Treevita

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Victoria at Lauderhill, an 88-unit apartment property located in Lauderhill, Florida....
Madison Grove

$51.3 million Uptown Phoenix apartment asset sale negotiated by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Madison Grove, a 171-unit multifamily property in Phoenix, Arizona. The $51.3 million sales price equates to $300,000 per unit. “Surrounded by...
Moderne Arrowhead

Berkadia arranges $55.5 million of equity and secures programmatic joint venture partner for development...

Berkadia announces it has sourced both a joint venture partner and a preferred equity provider for developer Moderne to build two new multifamily communities in Phoenix totaling 358 units: The Governor and Moderne Arrowhead. Cody...
Talus

Monument Capital Management acquires its eighth multifamily community in the Minneapolis area

Monument Capital Management, an A-Rod Corp company and one of the country’s premier fully integrated real estate investment firms, announces it has acquired Talus, a 192-unit multifamily community in Plymouth, MN, just west of...
FarmHaus

Thompson Thrift sells luxury multifamily community near Huntsville

Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced the sale of FarmHaus, a recently completed 324-unit Class A multifamily community located in the Huntsville...

Passco Companies and Avenida Partners break ground on two active seniors developments

Passco Companies, a privately held California-based commercial real estate company that specializes in acquisition, development, and property and asset management throughout the U.S., has collaborated with Avenida Partners, a real estate firm focused on the...

Cushman & Wakefield represents Lohman Apartments in $11.2 million sale of 140-unit Orlando multifamily...

Cushman & Wakefield has arranged the sale of Orlando Sky Apartments, a 140-unit, garden-style rental property in West Orlando. The asset sold for $11.2 million, or $80,000 per unit. Executive Director Mike Donaldson and Executive...
Arbors of Las Colinas

TruAmerica enters Texas multifamily market with acquisition of 408-unit community in Irving

TruAmerica Multifamily has made its first investment in the state of Texas with the acquisition of Arbors of Las Colinas, a 408-unit Class B apartment home community in the Dallas suburb of Irving, Texas. “We...
Haven at Lewisville Lake

Livingston Street Capital enters Dallas-Fort Worth market with acquisition of 180-unit 55+ active adult...

An affiliate of Livingston Street Capital, a boutique private equity firm focused on commercial real estate investments throughout the U.S., has acquired a 180-unit 55+ active adult apartment community in the Dallas-Fort Worth submarket...
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