Saturday, May 18, 2024

News

Villas Los Limones

Institutional Property Advisors closes $58.24 million multifamily asset sale in Phoenix

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Villas Los Limones, a 224-unit multifamily asset in Phoenix, Arizona. The $58.24 million sales price represents $260,000 per unit. “Villas Los...
Capitol View Apartments

Institutional Property Advisors closes 264-unit high-rise apartment building sale in Downtown Hartford

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Capitol View Apartment Homes, a 264-unit, high-rise multifamily building with 13,294 square feet of commercial and retail space in Hartford,...
Pecan Springs

Institutional Property Advisors completes San Antonio multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Pecan Springs, a 344-unit, stabilized asset in the Far Northwest submarket of San Antonio, Texas. “Situated in a submarket that ranks...
The Ivy at Draper

Institutional Property Advisors completes Salt Lake City 55-plus senior housing community sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Ivy at Draper, a 277-unit, 55-plus active senior housing community in Draper, Utah. “Draper City’s prestigious location at the Point...
Viva Max Apartments

Newmark arranges sale of 240-unit value-add multifamily property in Northwest San Antonio

Newmark announces the sale of Viva Max, a 240-unit value-add multifamily asset located in northwest San Antonio, Texas. The property traded from Pradeep Mistry to River Rock Capital, a private multifamily investment firm focused...
Village Apartments

PCCP, LLC provides $68 million senior construction loan for a Class A 336-unit apartment...

PCCP, LLC has provided a $68 million senior construction loan to a joint venture between the Rockworth Companies and the Gasser Family for the ground-up development of Village Apartments, a Class A, 336-unit apartment...
Element at Stonebridge

American Landmark acquires apartments outside Richmond, Virginia

American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired Element at Stonebridge, a 400-unit apartment community located in Chesterfield, Va., just south of Richmond. This marks American Landmark’s...

Multifamily sector shows signs of caution in the second quarter

Confidence in the market for new multifamily housing was mixed in the second quarter of 2022, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB)....
emergency rental assistance program

Emergency Rental Assistance update for June 2022

The latest report by the U.S. Department of the Treasury states that, as of the end of June, 83 percent of the $25 billion in emergency rental assistance funds allocated under the Consolidated Appropriations...
behind on rent

Pulse Survey shows renter delinquencies stabilizing

The “Week 48” edition of the Census Bureau’s Pulse Survey shows that the portion of renter who are behind on their rent payments has stabilized at around 15 percent. What is the Pulse Survey? The Pulse...
The Fitz on 14th

Marcus & Millichap completes suburban Denver apartment sale

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Fitz on 14th, a 176-unit multifamily property located in Aurora,...
420 Carroll St

JLL arranged the $176 million construction financing for new mixed-use Gowanus development

JLL Capital Markets announced that it has arranged $176 million in construction financing for 420 Carroll St., a ground-up development of a 360-unit, Class A multihousing property in the rezoned Gowanus neighborhood of Brooklyn. The...
Vantage Lofts

$60.25 million sale of multihousing community near Las Vegas closes

JLL Capital Markets announced that it has closed the $60.25 million sale of Vantage Lofts with a price per unit closing of $547,727. The property is a 110-unit, luxury multihousing community located within the...
Domain at Morgan’s Landing

DLP Capital spearheads acquisition of 350-unit Houston multifamily

DLP Capital, a private real estate investment and financial services firm, announced its acquisition of Domain at Morgan’s Landing, a 350-unit multifamily complex in the Houston suburb of La Porte. The acquisition was made...
5150 JB Drive Apartments

Denholtz Properties continues growth of multifamily portfolio with acquisition of 384-unit residential community near...

Denholtz Properties, a leading real estate development and investment company, announces the acquisition of 5150 JB Drive Apartments, a 384-unit, Class-A multifamily community located at 5150 Jack Byrnes Drive in Murfreesboro, Tenn. 5150 JB Drive...
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