Universe Holdings acquires $12.55 million multifamily property in Ventura, California
Universe Holdings has acquired Hacienda Villas, a 34-unit townhome-style multifamily community in Ventura, Calif. for $12.55 million. It is the Los Angeles-based real estate investment firm’s second acquisition in Ventura the past five months...
Cushman & Wakefield arranges sale of Daytona Beach multifamily community
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Lake Forest Apartment Homes, a 384-unit multifamily community located at 600 Jimmy Ann Dr. in Daytona Beach, Florida. Cushman &...
FCP acquires 304-unit Park 35 Apartments in Decatur, Georgia for $40.5 million
FCP announces the $40.5 million acquisition of Park 35 Apartments, a 304-unit garden apartment community at 3529 Robins Landing Way in Decatur, GA. FCP has invested in 33 properties since its entry into the Atlanta...
Institutional Property Advisors brokers sale and arranges financing for North Phoenix multifamily asset
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Brookfield, a 124-unit multifamily asset in Phoenix, Arizona. The property sold for $31 million, which represents $250,000 per unit. “Buyers were...
Florida multihousing development site sells for $9 million
JLL Capital Markets announced that it has closed the $9 million sale of an off-market, shovel-ready, 180-unit apartment development site in Sarasota, Florida. JLL represented the seller, a joint venture between Defined Companies, co-founded and...
The Mogharebi Group brokers $9.25 million sale of 92-unit multifamily community in Monterey County,...
The Mogharebi Group (TMG) has arranged the $9.25 million sale of Plaza Grande, a 92-unit multifamily community in Salinas, Calif. TMG represented the Monterey-based developer-owner of the fully occupied affordable housing community in its...
Institutional Property Advisors closes $64.65 million multifamily asset sale in Mesa
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Dana Park, a 222-unit apartment property in Mesa, Arizona. The $64.65 million sales price equates to $291,216 per unit. “For over...
iBorrow provides financing to support acquisition and strategic upgrades of student housing asset in...
iBorrow, a nationwide private direct lender for commercial real estate, has provided financing to Hawkwood Ventures LLC, a national commercial real estate investor, for the acquisition of a 140-bed, four-story student housing asset which serves students attending the University of Texas in Austin, Texas. The $11.2 million financing will fund a series of capital improvements to better...
Berkadia arranges $27.7 million in equity for GW Real Estate Partners to develop Class...
Berkadia announces it has sourced a joint venture equity partner for GW Real Estate Partners, a vertically integrated multifamily development and construction firm, to build a new Class A apartment community in Williamsburg, Va....
Trion acquires 160-unit community in Savannah, Georgia submarket for $38.45 million
Trion Properties, a multifamily investment sponsor and private equity real estate firm based in West Hollywood, California and Miami, Florida, has announced two key strategic initiatives to bolster the firm’s growth in the Southeast:...
Leading Swiss investment firm Lurra Capital completes $42.5 million multifamily acquisition in Miami
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Blume Coral Gables, a 100-unit apartment community located in Miami. The final sale price was $42,500,000. Calum Weaver, Robert Given,...
Capital Square acquires luxury multifamily community near Louisville for DST offering
Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced the acquisition of Lyric at Norton Commons, a Class A+, 273-unit mixed-use multifamily...
MBA forecasts a slowing economy
The Mortgage Bankers’ Association (MBA) recently released its Q2 2022 quarterly databook. It contains some data that has been previously discussed here and here, but it also includes new forecasts for key economic metrics...
Recovery in senior housing continues in Q3
An NIC Map Vision summary of the fundamentals of the senior housing industry reports that they are continuing to improve as the recovery from the pandemic continues. Segmenting the market The senior housing market is highly...
Weak report on construction employment in September
The latest Employment Situation Report from the Bureau of Labor Statistics stated that employment in apartment operations jobs was higher in September than reported the month before but employment in residential construction jobs was...
