Friday, May 3, 2024

Deal boom

Apartment deals, mergers and acquisitions

The Audrey

Institutional Property Advisors Closes Multifamily Sale of 211-Unit The Audrey in Suburban Dallas-Fort Worth...

Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of The Audrey, a 211-unit apartment property in Mansfield, Texas. “High demand for newly built, luxury multifamily assets in central Metroplex locations was...
Oakmont Apartments

JLL Arranged the Sale for Oakmont Apartments Near Minneapolis Minnesota

JLL Capital Markets announced that it closed the sale of Oakmont Apartments, a 48-unit multi-housing community located in Coon Rapids, Minnesota. On behalf of Gaughan Companies, JLL facilitated the sale of Oakmont as part of...
Alta Prosperity Village

JLL closes sale of Charlotte apartment community

JLL announced it has closed the sale of Alta Prosperity Village, a recently completed, 292-unit apartment community in Charlotte, North Carolina. JLL marketed the property on behalf of the seller, Wood Partners and its investment...
Hawthorne at Lake Norman

JLL completes sale and financing of Hawthorne at Lake Norman

JLL Capital Markets announced that it has completed the sale and financing of Hawthorne at Lake Norman, a 232-unit, Class A multihousing community in Mooresville, North Carolina. JLL represented the seller, Hawthorne Residential Partners, LLC,...
Roystone

JLL arranges $30 million construction loan for Seattle multihousing project

JLL Capital Markets announced that it has arranged $30 million for the development of Roystone, a 93-unit, boutique multihousing project with ground-floor retail in Seattle’s desirable Lower Queen Anne neighborhood. JLL worked on behalf of...
Palm Springs

Cushman & Wakefield arranges $13 million sale on behalf of PISMO

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Palm Springs, an 86-unit apartment community located in Hialeah, Florida. The final sale price was $13 million. Calum Weaver...
One Mallory

$9.8 million in financing secured for Jersey City multihousing development

JLL Capital Markets announced that it has arranged $9.775 million in construction financing for One Mallory, a 44-unit, seven-story luxury multihousing development at 70 Fisk Street in Jersey City’s West Side. JLL represented the borrower,...
Shadow Ridge

Cushman & Wakefield represents Chandler Residential in Metro Atlanta multifamily sale

Cushman & Wakefield announced the commercial real estate services firm has arranged the sale of Shadow Ridge, a 294-unit apartment community in Riverdale, Georgia. Mike Kemether, Travis Presnell and James Wilber of Cushman & Wakefield...
Verso Luxury Apartments

Berkadia arranges sale and financing of Class AA multifamily community near Orlando

Berkadia announces it has arranged the $57.75 million sale and $41.75 million financing of Verso Luxury Apartments, a 250-unit community located southwest of Orlando in Davenport, Florida.Managing Directors Matt Wilcox and Brett Moss, along...
Westgate Apartments

Institutional Property Advisors closes 186-unit apartment property sale in West Hartford Connecticut

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Westgate Apartments, a 186-unit multifamily property in West Hartford, Connecticut. “West Hartford’s combination of small-town atmosphere and urban intensity makes it...
Basswood Manor

212-unit apartment property sale in Dallas-Fort Worth brokered by Marcus & Millichap

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Basswood Manor, a 212-unit multifamily property in Lewisville, Texas. “Built in 1970,...
District at Grand Terrace

Tower 16 Capital Partners sells The District at Grand Terrace in Colton, California, for...

San Diego-based Tower 16 Capital Partners has successfully sold The District at Grand Terrace, a 352-unit apartment project located in Colton, Calif. The property was originally purchased in 2019 for $63,050,000 and was sold...
4737 Kester Avenue

Kidder Mathews arranges record-breaking sale of multifamily property in Sherman Oaks

An eight-unit apartment property at 4737 Kester Avenue in Sherman Oaks, California has sold for $3,600,000. This marks a record-high price-per-unit for a rent-controlled apartment building in the 91403 zip code. Kidder Mathews’ Michael...
Hawthorne Apartments

76-unit multifamily community sells for $16.5 million in Sacramento

Transwestern Real Estate Services (TRS) announces the sale of The Hawthorne Apartments, a 76-unit multifamily community at 5820 Sutter Ave. in Carmichael, California. Transwestern’s Shivu Srinivasan, Robert Dau, Dante Giacomini and Connor McGarty represented...

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...
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