Tuesday, April 30, 2024

Mountain region

Mountain region includes: Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah and Wyoming

Meritum Sonoran Desert

Phoenix Multi-Housing Project Secures $62.625m in Financing

JLL Capital Markets announced today that it has secured $62.625 million in construction financing for Meritum Sonoran Desert, a 348-unit, garden-style multi-housing development in Phoenix, Arizona. JLL worked on behalf of the borrower, IDM Companies,...
Colorado Springs, CO

SageHome Acquires Colorado Living, Accelerating its Growth and Reach

SageHome, the aging-in-place specialist, is pleased to announce its acquisition of Colorado Living LLC, underlining its position as the largest provider of aging-in-place bath remodeling services in the United States. This acquisition extends SageHome’s...
Via Alamos Apartments is a 160-unit, garden-style apartment community located in Green Valley, AZ.

ABI Multifamily Brokers Tucson MSA 160-Unit Multifamily Apartment Community for $19,500,000

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $19,500,000 / $121,875 Per Unit / $207.84 Per SF sale of Via Alamos Apartments, a...
Trailpoint on Highline

Trion Properties grows portfolio with $41.1 million multifamily acquisition in Aurora, Colorado

Trion Properties, a private equity real estate firm based in West Hollywood, California and Miami, Florida specializing in multifamily investments, announces the acquisition of Trailpoint on Highline, a 198-unit multifamily asset in Aurora, Colorado. “We...
Cabana Encanto

Institutional Property Advisors closes $61 million multifamily asset sale in Greater Phoenix

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Cabana Encanto, a 286-unit attainable housing asset in Goodyear, Arizona. The $61 million sale price represents $213,287 per unit and $354 per square...
Stefanie Joy

Mercy Community Capital announces new president

Mercy Community Capital is excited to announce Stefanie Joy as the new President of the national Community Development Financial institution. Joy will replace Jason Battista who resigned last month to become a development partner...
Chris Gandy

Chris Gandy appointed to lead JLL’s Salt Lake City Capital Markets team

JLL Capital Markets announced that it has appointed Senior Managing Director Chris Gandy to lead its Salt Lake City Capital Markets team. Gandy will oversee the investment sales and debt and equity advisory platforms throughout the...
First Avenue Townhouses

ABI Multifamily brokers 20-unit Southwest Mesa multifamily apartment community for $4.8 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $4,800,000 / $240,000 Per Unit / $294.12 Per SF sale of First Avenue Townhouses, a...
Hangar at Thunderbird

PCCP, LLC provides $53 million loan to refinance newly built 266-unit Class A apartment...

PCCP, LLC has provided a $53 million bridge loan to P.B. Bell for the refinance of Hangar at Thunderbird, a newly built 266-unit, 19-building apartment community located at 15301 N 37th Avenue in Glendale,...
Rich Bennion

Avanti Residential appoints Richard Bennion as Managing Director

Avanti Residential is pleased to announce the appointment of Richard Bennion as Managing Director, where he will be responsible for strategic growth and institutional capital relationships. With nearly 20 years of experience in the...
Gary Manor

$7.024 million refinancing arranged for a Chicago-MSA multihousing community

JLL Capital Markets announced that it has arranged the $7.042 million refinancing for Gary Manor, a 198-unit, age-restricted, 100 percent HAP multihousing community located in Gary, Indiana within the Chicago-Naperville-Elgin MSA. JLL worked on behalf...
Dobson Station

$52 million construction loan arranged for multihousing development in Mesa, Arizona

JLL Capital Markets announced today that it has arranged $52 million in construction financing for Dobson Station, a 245-unit multihousing development set to deliver in 2024 in Mesa, Arizona. JLL worked on behalf of the borrower,...
Ascent at Union Square

DB Capital recapitalizes Provo, Utah apartment community with Institutional Capital Partner

DB Capital Management (DB Capital) has closed on the recapitalization of Ascent at Union Square in Provo, Utah, a 139-unit garden style community acquired by the Denver-based multifamily investment firm in December 2020. Over the...
Vista Ridge Apartments

Marcus & Millichap closes $76 million Reno multifamily asset sale

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Vista Ridge Apartments, a 324-unit multifamily asset in Reno, Nevada. The...
Village at Bronco Trail

Tower Capital arranges $88.5 million in construction financing for another Empire Group BTR community...

Tower Capital, one of the nation’s leading structured finance firms in the commercial real estate lending space, arranged $88.5 million in construction financing for a Build-to-Rent (BTR) community in the Phoenix market. The financing...
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