Apartment deals, mergers and acquisitions
Tag: Deal Boom
$34 million multihousing community in Rochester Minnesota sets record
JLL Capital Markets announced that it has closed the $34 million sale of Red44, a 159-unit multihousing community in Rochester, Minnesota. JLL marketed the property...
Institutional Property Advisors closes $155 million multifamily asset sale in suburban North Phoenix
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Accolade, a 548-unit multifamily asset in Phoenix, Arizona. The property...
Pembrook provides $15.35 million first mortgage loan for acquisition and renovation of Parkwood Apartments...
Pembrook Capital Management LLC (Pembrook), one of the nation’s leading bridge lenders for affordable housing, provided a $15.35 million first mortgage loan for the...
Berkadia arranges financing for July Residential’s acquisition of a 1,275-unit multifamily portfolio in Houston
Berkadia announces it has secured financing for July Residential’s acquisition of a 1,275-unit multifamily portfolio of communities located in Houston, Texas. The five assets...
PCCP, LLC provides $70.7 million loan to Galium Capital for the acquisition of Millennium...
PCCP, LLC announced it has provided a $70.7 million senior loan to Galium Capital for the acquisition of Millennium High Street, a 340-unit Class...
FCP and Aventon announce JV for development of Aventon Clearwater Class A Apartments
FCP and Aventon Companies announce a joint venture for the development of Aventon Clearwater Apartments in Clearwater, Fla. The 396-unit, Class A multifamily community...
Institutional Property Advisors closes $81 million Central Phoenix multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Peak 16, a 233-unit multifamily asset in Phoenix, Arizona. The...
Luxury Dallas mid-rise apartment building acquisition financed
JLL Capital Markets announced that it has arranged an acquisition loan for Alexan on Ross, a 292-unit, luxury, mid-rise, Class A+ multihousing community in...
SB Real Estate Partners expands Phoenix portfolio
SB Real Estate Partners (SBREP) has acquired ReNew 3030, a Class B, 126-unit garden-style apartment community located in Mesa, Arizona, for $24.3 million. The...
Franklin Street arranges record setting sale of value-add apartment community in Fort Lauderdale for...
Franklin Street has arranged the sale of a 48-unit value-add multifamily property in Lauderdale Lakes, a submarket of Fort Lauderdale, for $6.95 million or...
Seniors housing portfolio in the Dallas-Fort Worth area sold
JLL Capital Markets announced that it has closed the sale of an active adult portfolio consisting of two newly built, age-restricted (55+) multihousing properties...
S.L. Nusbaum Realty Co. arranges $28.175 million sale of Virginia Beach apartment community to...
S.L. Nusbaum Realty Co. is pleased to announce Arbor Trace Apartment Homes was purchased for $28.175M (approx. $190,000 per unit) on September 10, 2021....
FCP and VaultCap Partners acquire again in Grand Prairie, Texas with acquisition of 100-unit...
FCP and VaultCap Partners have followed their July 2021 acquisition of Corey Place Apartments with the purchase of the adjacent 100-unit Prairie Ridge Apartments. The...
Avison Young’s Sauter Multifamily Group closes on $1.7 million sale of 20-unit Las Vegas...
Avison Young announced the Sauter Multifamily Group has brokered the $1.7 million sale of Las Vegas Apartments, a 20-unit multifamily property located at 201,...
Berkadia arranges $91.49 million loan for acquisition of two Tampa Bay apartment communities
Berkadia announces it has secured $91 million in financing for the acquisition of two multifamily properties in the Tampa Bay area: Henley Tampa Palms,...