Friday, May 3, 2024

Deal boom

Apartment deals, mergers and acquisitions

Parkview

Megatel Homes announces close-out of residential townhome development near Dallas

Megatel Homes LLC, one of the largest homebuilders in the state of Texas, announced that the company has closed out the development of Parkview, a 92-lot community in the Dallas suburb of Allen, Texas. “Parkview...
The Lofts at Twenty25

Berkadia arranges $104.5 million acquisition loan for Westside Capital Group’s purchase of Atlanta high-rise...

Berkadia announces it has secured financing for Westside Capital Group’s acquisition of The Lofts at Twenty25, a landmark, 623-unit multifamily high-rise property located in the heart of Atlanta, Ga.  Senior Managing Director Charles Foschini,...
Elliot at College Park

Cushman & Wakefield represents Wilkinson Corporation and Torchlight Investors JV in largest multifamily investment...

Cushman & Wakefield announced that the firm has represented a joint venture of Wilkinson Corporation and Torchlight Investors in the sale of a six-property multifamily portfolio to Morgan Properties. Cushman & Wakefield’s George Tikijian, Hannah...
The Brittany

Marcus & Millichap brokers the sale of 320-unit affordable LIHTC apartment asset in Fort...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Brittany, a 320-unit, affordable low-income housing asset located in Fort...
University Village

Levin Johnston completes two transactions totaling nearly $43 million in California’s East Bay

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 successfully completed two East Bay Area transactions: the...
366 Walnut Avenue

Stepp Commercial completes $3.55 million sale of 11-unit apartment property in coveted Alamitos Beach...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $3.55 million sale of an 11-unit apartment property located at 366 Walnut Avenue in the Alamitos Beach submarket of...
Vista Verde at Deerwood

Berkadia arranges for Rilea Group a $21 million refinancing of garden-style apartment community in...

Berkadia announces it has arranged the refinancing of Vista Verde at Deerwood, a 208-unit garden-style apartment community in the Kendall submarket of Miami. Senior Managing Director Charles Foschini, Managing Director Christopher Apone and Senior...
The James

High Street Residential announces 152-unit multifamily community near St. Louis

High Street Residential, the residential subsidiary of Trammell Crow Company, announced plans for the firm’s first multifamily project in the Greater St. Louis area. Located at 416 N. Kirkwood Road in Kirkwood, MO, The...
Lofts at Twenty25

Westside Capital Group acquires Highrise Residential Tower in Atlanta’s Buckhead neighborhood for $136 million

Westside Capital Group, a real estate investment holding firm based in Miami, announced the acquisition of The Lofts at Twenty25, a landmark, 16-story residential tower located in Atlanta, Ga. Westside acquired the property for...
Solaris Lofts

$31.9M sale of newly constructed multihousing community in New Jersey closes

JLL Capital Markets announced that it has closed the $31.9 million sale of Solaris Lofts, a 72-unit, newly constructed, boutique multihousing community located within the Bergen-Lafayette neighborhood in Jersey City, New Jersey. JLL marketed the...
Modera Academical Village

FCP announces $25 million acquisition of Modera Academical Village multifamily development site supporting 793...

FCP and joint venture partner Mill Creek Residential Trust (Mill Creek) announce the $25 million acquisition of the Modera Academical Village development site within the Academical Village master plan and adjacent to Nova Southeastern University...
Campus Crossing

Newmark announces $56 million multifamily sale in Murfreesboro, Tennessee

Newmark announces the $56 million sale of Campus Crossings, a 252-unit multifamily community in Murfreesboro, Tennessee. Newmark Managing Directors Vincent Lefler and Tarek El Gammal represented the seller, ApexOne Investment Partners (ApexOne), a real...
Ridgewood Commons Apartments

Gebroe-Hammer Associates arranges sale of Ridgewood Commons Apartments in South Orange, New Jersey

For the fourth time since 1999, Gebroe-Hammer Associates has arranged the sale of Ridgewood Commons in South Orange, N.J., a 66-unit five-story multifamily asset located at 10 N. Ridgewood Road in the township. The...
The Oaks Apartment Homes

Magma Equities purchases 111-unit multifamily asset in Charlotte, NC metro for $17.75 million

Magma Equities (Magma) in joint venture with Prudent Growth Partners (Prudent Growth) has acquired The Oaks Apartment Homes (The Oaks), a 111-unit garden-style multifamily community in the Charlotte metro submarket of Lincolnton, NC, in...
Northview Terrace

Franklin Street arranges $11.5 million sale of 57-unit multifamily property in North Miami

Franklin Street has arranged the sale of Northview Terrace, a 57-unit, 41,400-rentable-square-foot multifamily property in North Miami, Florida, for $11.5 million, or $201,754 per unit. Franklin Street’s South Florida Multifamily Investment Sales Team of Ryan...
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