Cushman & Wakefield arranges $7.1 million sale on behalf of Morrison Avenue Capital Partners
Cushman & Wakefield announced that the commercial real estate services firm has arranged the $7.1 million sale of Timberchase, a 94-unit apartment community located in Birmingham, Alabama. Craig Hey and Parker Caldwell of Cushman &...
FCP and VaultCap Partners acquire Corey Place Apartments in Grand Prairie, Texas
FCP and VaultCap Partners (VaultCap) have acquired Corey Place Apartments, a 275-unit garden apartment community in Grand Prairie, Texas. The transaction marks the first joint venture for FCP and VaultCap. “FCP is excited to partner with...
Luxury multihousing community in Portland sold
JLL Capital Markets announced that it has closed the sale of Parallax, a 66-unit, Class A, luxury multihousing community in the Boise-Eliot neighborhood of Portland, Oregon. JLL marketed the property on behalf of local sellers,...
Berkadia arranges $56.89 million acquisition loan for 400-unit community in Tampa, Florida
Berkadia announces it has secured $56.89 million in financing for the acquisition of Hanley Place Apartments, a 400-unit community in Tampa, Florida. Managing Director Brad Williamson of Berkadia Miami and Associate Director Wesley Moczul...
Berkadia secures $12 million in acquisition financing for 84-unit community in Boca Raton, Florida
Berkadia announces it has arranged $12 million in financing for the acquisition of The Village at Boca East, an 84-unit multifamily community in Boca Raton. Senior Managing Director Mitch Sinberg and Associate Director Matthew...
Institutional Property Advisors brokers $74.1 million North County San Diego multifamily sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Dylan, a 208-unit apartment complex in Oceanside, California. The property sold for $74.1 million, or $356,250 per unit. “Oceanside is...
Trez Capital promotes Ben Jacobson to Managing Director, Florida office
Trez Capital, a private real estate lender helping to build better communities across North America, promoted Ben Jacobson to Managing Director of the Florida office. Jacobson previously served as a Vice President, Origination. In...
Marcus & Millichap arranges the sale of a 111-unit apartment building
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Forest City Properties, a 111-unit apartment portfolio located in Loves Park...
Census reports on rental vacancy rates
The Census Bureau released its quarterly report on home ownership and occupancy. It showed that the rental housing vacancy rate fell from 6.9 percent in Q2 2019 to 6.3 percent in Q2 2021. The...
Avison Young brokers $11.3 million sale of 44-unit Playa Blanca Apartments in Imperial Beach,...
Avison Young announced it has brokered the $11.3 million sale of Playa Blanca Apartments, a 44-unit apartment property located at 1939, 1945 and 1949 Avenida Del Mexico in Imperial Beach, CA (San Diego County)....
Trez Capital hires Ilir “Eli” Necaj as Vice President for New York Office
Trez Capital is pleased to announce that Ilir “Eli” Necaj has joined the company as vice president of origination and capital markets as part of the newly formed Real Estate Bridge Financing team. Necaj,...
Sale of new multihousing community in Arlington closes
JLL Capital Markets announced that it has closed the sale of and arranged acquisition financing for Alexan Earl, a 333-unit, trophy-quality, multihousing community in the suburban Washington, D.C. community of Arlington, Virginia. JLL marketed the...
New multihousing community development near Denver capitalized
JLL Capital Markets announced that it has arranged $43 million in structured construction financing for the development of Winslow Crane Apartments, a 203-unit, Class A, garden-style multihousing community in the Denver-area community of Englewood,...
Sunrise Management adds to leadership team
Sunrise Management, which has specialized in managing multifamily properties since 1978, has announced the addition of Hector Rodela as the new regional vice president in its San Diego headquarters. Rodela takes charge of overseeing...
New NMHC survey shows property owners remain focused on supporting renters
A new National Multifamily Housing Council (NMHC) survey of apartment owners and managers shows that 100 percent of multifamily firms surveyed worked with residents facing financial hardships since the onset of the COVID-19 crisis....
