Sunday, May 25, 2025

Deal boom

Apartment deals, mergers and acquisitions

Garden Vista

Vista Residential Partners Announces Groundbreaking of Luxury 221 Unit Multifamily Development Garden Vista 

Vista Residential Partners, a national multifamily development firm, has broken ground on 6.7 acres on Central Boulevard in Palm Beach Gardens, FL for the development of Gardens Vista, a 221-unit, 4-story luxury apartment community. Garden...
333 Bay Street

BSR REIT Completes Strategic Sale of Dallas Portfolio to AvalonBay Communities for $431.5M

BSR Real Estate Investment Trust ("BSR" or the "REIT") (TSX: HOM.U) (TSX: HOM.UN) announced that it has closed the previously announced contribution transaction (the "Contribution Transaction"), pursuant to which BSR Trust, LLC ("BSR Trust"),...
Miami Arizona

KeyBank Provides $35M of Financing for Construction and Rehabilitation of New Rural Affordable Housing...

KeyBank Community Development Lending and Investment (CDLI) provided a $13.9 million construction loan and $21.4 million in low-income housing tax credit (LIHTC) financing for the construction and rehabilitation of Miami Inspiration Housing in Miami,...
175 Third Street

Co-Developers Charney Companies and Tavros Close on 175 Third Street Becoming the Largest New...

Charney Companies and Tavros announced significant funding for 175 Third Street, the planned fourth building in their jointly developed campus Gowanus Wharf. Once completed, 175 Third Street will be the largest building in Gowanus,...
Amberleigh Apartments

Berkadia Arranges $129M Debt & Equity Refinance Amberleigh Apartments of Northern Virginia

Berkadia, a distinguished leader in the commercial real estate sector, announced the successful refinancing of Amberleigh Apartments, a 752-unit, garden-style, multifamily community located in Fairfax, Virginia. On behalf of the Sponsor, Redbrick LMD, Berkadia DC...
Arboretum at Farmingville

BRP Companies Celebrates Completion of The Arboretum at Farmingville in Brookhaven New York

BRP Companies celebrated the grand opening of the remaining units of the Arboretum at Farmingville, a 491,000-square-foot, 292-unit, garden-style, residential community located at 20 Maple Lane in Farmingville, New York within the Town of...
Core Apartment Homes

Core Apartment Homes Introduces New Lifestyle-Forward Living in a Prime Southwest Las Vegas Location

Warmington Apartment Communities has introduced a new luxury rental community in Southwest Las Vegas. Core Apartment Homes is now hosting tours and pre-leasing for the first move-ins this month. Located on a 6.41-acre site at...
Soma Towers

The Sobrato Organization Closes $193M Purchase of Soma Towers in Bellevue

The Sobrato Organization has closed on a major residential buy in the Pacific Northwest, paying $192.85 million for Soma Towers, a 273-unit ($706.4k/unit) multifamily community in Bellevue, Washington. Located at 288 106th Avenue NE in...
Apella on Newport

JLL Secures $97.45M in Refinancing for New Student Housing Community Apella on Newport in...

JLL Capital Markets announced that it has secured a $97.45 million financing for Apella on Newport, a 576-bed newly constructed student housing community in Tampa, Florida. JLL worked on behalf of the borrower, Commercial Street...
Poplin Trace

Berkadia Arranges Sale of Poplin Trace Townhomes Outside Charlotte

Berkadia, a distinguished leader in the commercial real estate sector, announced the sale of Poplin Trace, a 99-unit, townhome property in Indian Trail, North Carolina constructed in 2021. Managing Director Caleb Troop and Associate Director...
Lyric

PGIM Arranges $80M Loan for Sale of Las Vegas Apartment Property Lyric

PGIM Real Estate has provided a $80 million floating-rate loan for the acquisition and capital improvement of Lyric, a 376-unit multifamily property in Las Vegas, Nevada. The loan was provided to RPM Living Investments and...
Frankford Grand

U.S. Development Introduces Exclusive Leasing Agents at Frankford Grand in Philadelphia

U.S. Development is partnering with market-leading real estate agents to lead the successful lease-up of its brand-new luxury apartment community Frankford Grand located in the heart of Philadelphia’s Fishtown neighborhood. The 107-unit Frankford Grand is...
Rock Ridge Apartments

Merchants Capital Secures $56.5M for 152-Unit Affordable Housing Development Rock Ridge Apartments in Rhode...

Leading financial services provider Merchants Capital announced $56.5 million in debt and tax credit equity financing for the acquisition of Rock Ridge Apartments, a 152-unit multifamily housing development in Woonsocket, Rhode Island and developed...
Greystone at Mulberry Grove

BWE Secures $32.3M for Luxury Multifamily Community Greystone at Mulberry Grove Near Columbus

BWE, a national commercial and multifamily mortgage banking company, announced that it has secured a $32,293,800 loan to refinance Greystone at Mulberry Grove, a 222-unit Class A multifamily development in Fortson, Georgia, part of...
Astoria on 9th

Housing Trust Group and Alonzo Mourning’s AM Affordable Housing Complete $37.4M Affordable Senior Community...

Housing Trust Group (HTG), a leading multifamily developer, in partnership with AM Affordable Housing, a non-profit founded by NBA Hall of Famer and Miami Heat legend Alonzo Mourning, proudly announces the completion of Astoria...
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