Thursday, April 25, 2024

Deal boom

Apartment deals, mergers and acquisitions

Harbour Court

Joint venture purchases Harbour Court Apartments in Portland

JLL Capital Markets announced that it handled the sale of Harbour Court, a 99-unit apartment community in Portland, Oregon. JLL represented the seller, Harbour Court Owner LLC, an affiliate of the ConAm Group, in completing...
Spring Hollow

DB Capital increases Utah holdings with acquisition of 88-unit apartment community in South Salt...

Multifamily investment firm DB Capital Management (DB Capital) continues its investment activities in Utah with the acquisition of Spring Hollow, an 88-unit apartment complex in Millcreek, Utah, an affluent suburb of Salt Lake City. The...
Meadowbrook

Cushman & Wakefield arranges $6.82 million sale on behalf of Arch Companies

Cushman & Wakefield announced the commercial real estate services firm has arranged the $6.82 million sale of Meadowbrook, a 60-unit apartment community located in Foley, Alabama. Andrew Brown and Craig Hey of Cushman & Wakefield...
Bay Shore Residences

Long Island residential project capitalized for $173 million

JLL Capital Markets announced that it has arranged $55 million in joint venture equity and $113 million in construction financing for the development of Bay Shore Residences, a 418-unit, wood-frame residential building with ground-floor...
Walton Ashwood

Westmount Realty Capital’s acquires first multifamily property in Atlanta, expanding national investment portfolio

Westmount Realty Capital announced the acquisition of Walton Ashwood, a Class A apartment community located at 1000 Ashwood Pkwy in the employment district Central Perimeter, home to 33 million square feet of office space,...
The Tannery

CBRE announces the sale of The Tannery in Glastonbury, Connecticut

CBRE announced the sale of The Tannery, a 250-unit Class A apartment community in Glastonbury, Connecticut. The CBRE team of Jeffrey Dunne, Simon Butler, Biria St. John, and John Mclaughlin represented the seller, a...
Bentley House

Institutional Property Advisors completes Eastside Seattle luxury apartment asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Bentley House, a condo-quality apartment property in Issaquah, Washington. “Seattle’s Eastside is experiencing the largest job growth in the region with...
The Cottages on Hayward

ABI Multifamily brokers 30-unit Northwest Phoenix apartment community for $7.65 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $7,650,000 / $255,000 Per Unit / $297.96 Per SF sale of The Cottages on Hayward,...
Luna Apartments

$24.3 million financing secured for six affordable housing assets in Seattle

JLL Capital Markets announced that it has secured $24.3 million in acquisition financing for a six-asset affordable housing portfolio, consisting of 354 small efficiency dwelling units (SEDUs) located in infill Seattle, Washington. JLL worked on...

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...
Lively Victor Park

Cushman & Wakefield arranges sale of Lively Victor Park located in emerging South Carolina...

Cushman & Wakefield announced that the commercial real estate services firm arranged the sale of Lively Victor Park, a 318-unit multifamily community located in Greer, South Carolina. Cushman & Wakefield’s John Phoenix, Louis Smart, and...

West Orange’s Edison Village ushers in contemporary, amenity-filled living in Essex County, NJ

Edison Village, Prism Capital Partners’ industrial-to-residential reimagining of the historic Thomas Edison Invention Campus, is ushering in a new brand of contemporary, amenity-filled living in Essex County, N.J. Encompassing 21 acres along Main Street...

Park Partners Residential closes on $38.8 million loan for Niche and Nook student housing

Park Partners Residential, a joint venture between Rosemurgy Properties and Giles Capital Group, is thrilled to announce the closing of a $27.3 million loan for The Niche student housing and a $11.5 million loan...
Quail Meadows

Kidder Mathews Arranged Financing for Sale of 56-Unit Quail Meadows in Reno for $14.5M

Quail Meadows, located at 5599 Quail Manor Ct, Reno, Nevada, has sold for $14,500,000 to a private real estate investment firm from San Jose, California. Kidder Mathews Senior Vice President Gerrit Hillebrand, CCIM represented the...

Joint venture of PCCP, LLC and Intracorp to develop two for-sale townhouse projects totaling...

PCCP, LLC announced today it has formed a joint venture with Intracorp for the ground-up development of two, for-sale townhouse projects totaling 129 units within the Puget Sound region. The portfolio includes Kelkari, a...
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