Wednesday, October 16, 2019

Deal boom

Apartment deals, mergers and acquisitions

The Community Preservation Corporation celebrates $10 billion invested in communities since 1974

The Community Preservation Corporation (CPC), a leading nonprofit affordable housing and community revitalization finance company, was joined by hundreds of its borrowers, lending and government partners and others to celebrate the company having deployed...

GI Partners acquires New Jersey data center at 492 River Road

GI Partners, a leading private investment firm, today announced the acquisition of 492 River Road in Nutley, New Jersey. 492 River Road is a mission critical facility totaling approximately 130,000 square feet. Fully renovated...

Levin Johnston directs rare multifamily trade in highly-coveted Palo Alto market

Levin Johnston, one of the top ten multifamily brokerage teams in the U.S., has directed the sale of Villa Sierra Apartments, a multifamily community located in the ultra-exclusive Palo Alto market. Levin Johnston represented both...

375-unit metroplex multifamily sale brokered by IPA Texas

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale and financing of RiverVue Apartments, a 375-unit multifamily asset in Fort Worth, Texas. “The Fort Worth market continues to be a hotbed...

Resource Apartment REIT III, Inc. purchases Tramore Village

On March 22, Resource Apartment REIT III, Inc., through a wholly owned subsidiary, completed the purchase of Tramore Village in Austell, Georgia. Built in 1999, the 324-unit community features numerous amenities, including two swimming...

Evergreen Real Estate Group completes renovation of affordable senior housing community in Racine, Wis.

Evergreen Real Estate Group, a leader in the development, rehabilitation and management of both affordable and market-rate multifamily housing, today announced it has completed a $2 million renovation of Durand Plaza, a 72-unit affordable...

Suburban Phoenix multifamily asset sold by IPA for $64.8 million

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of The Met at Fashion Center, a three-building, 303-unit multihousing investment property in Chandler, Arizona. The property sold for $64.8 million,...

Mixed-use apartment community to deliver international design, wellness, technology, rooftop dining, sky park and...

City Club Apartments (CCA), a nearly 100-year old company founded in Detroit in 1919, broke ground today on its City Club Apartments Crossroads urban apartment and mixed-use community. Mayor Sly James and City Club...

New York City apartment building sold by Marcus & Millichap

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of 420 East 80th Street, a 13-story, 155-unit apartment property located...

Timberland Partners announces purchase of The Renaissance at Norman, Norman, OK

Minneapolis based Timberland Partners is pleased to announce the acquisition of The Renaissance at Norman, located in Norman, Oklahoma. Founded in 1992, the company now owns and manages 70 apartment communities totaling 13,802 units...

330-unit newly developed luxury multifamily asset purchased in Tampa Bay area

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Alexander at Countryside, a newly developed, 330-unit, luxury apartment complex...

Colliers International brokers sale of 294-unit multifamily community in Richmond for $45.6 million

The Colliers International East Region Multifamily Advisory Group represented the seller in the sale of Hickory Creek Apartments for $45,600,000. The community was built in 1984 and includes 294 apartments. Hickory Creek is strategically located...

Multifamily value-add opportunity hits the market in New England

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces it is the exclusive listing agent in the marketing for sale of Armoury Commons, a multifamily asset with 260 residential apartment homes, an...

Pre-leasing begins at ELEVATE in Chicago’s Lincoln Park

Baker Development Corporation has announced the start of pre-leasing at ELEVATE Lincoln Park, an 11-story mixed-use development that will bring 191 luxury apartments and 16,000 square feet of street-level retail to the heart of...

Alliance Residential Company launches active adult brand—breaks ground on first development in Tukwila, Wash.

Alliance Residential Company, one of the largest multifamily developers and managers in the U.S., announces the company’s highly anticipated active adult brand, Marvelle. The Marvelle brand, designed exclusively for residents age 55 and up,...
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