Multifamily

CBRE, GMH Communities Acquire 734-Bed Student Housing Community in Tampa

by John Nelson October 30, 2023

TAMPA, FLA. — A joint venture between the CBRE Strategic Partners U.S. Value 9 investment management fund and GMH Communities has acquired Venue at North Campus, a 734-bed student housing community located in Tampa. Situated adjacent to the University of South Florida at 13702 42nd St., the property features units in studio, two-, four- and five-bedroom layouts. Amenities at the community include in-unit washers and dryers, valet garage service, two swimming pools, fitness centers, grilling stations, a study room and internet café, volleyball court and a convenience store. Venue at North Campus was fully leased at the time of sale. The seller and sales price were not disclosed.

October 30, 2023

Acquisitions Georgia Multifamily Southeast

Cushman & Wakefield Brokers Sale of 224-Unit Spoke Multifamily Community in Atlanta

by John Nelson October 30, 2023

ATLANTA — Cushman & Wakefield has brokered the sale of Spoke, a 224-unit multifamily community located in Atlanta’s Eastside neighborhood. Robert Stickel, Wesley Lacefield and Alex Brown of Cushman & Wakefield represented the seller, Waypoint Residential, in the transaction. The deal included a Fannie Mae loan assumption and tax abatement. The buyer and sales price were not disclosed.

October 30, 2023

Development Loans Multifamily Texas

BWE Arranges Construction Debt, Equity for 360-Unit Multifamily Project in San Marcos, Texas

by Taylor Williams October 30, 2023

SAN MARCOS, TEXAS — BWE has arranged undisclosed amounts of construction debt and preferred equity for Riley’s Pointe, a 360-unit multifamily project in the Central Texas city of San Marcos. Specific information about floor plans and amenities was not disclosed, but the residences will have an average size of 914 square feet. Adam Bieber and Alec Jenkins of BWE arranged the debt through an undisclosed regional bank and the equity contribution from an unnamed partner. The sponsor is South Carolina-based Woodfield Development. The first units are expected to be available for occupancy by the third quarter of next year.

October 30, 2023

Development Multifamily Texas

Alpine Start Development Breaks Ground on 261-Unit Multifamily Project in Saginaw, Texas

by Taylor Williams October 30, 2023

SAGINAW, TEXAS — Dallas-based Alpine Start Development has broken ground on Range West Saginaw, a 261-unit multifamily project that will be situated on an 11-acre site on the northern outskirts of Fort Worth. The development will house one-, two- and three-bedroom units that will range in size from 637 to 1,349 square feet. Amenities will include a pool, pickleball courts, fitness center, dog park and outdoor grilling stations. The first units are expected to be available for occupancy in late 2024.

October 30, 2023

Development Multifamily Texas

Urban Moment Nears Completion of 248-Unit Multifamily Project in San Antonio

by Taylor Williams October 30, 2023

SAN ANTONIO — Austin-based developer Urban Moment is nearing completion of YardHomes Juniper Pointe, a 248-unit multifamily project in San Antonio. The development will feature one-, two- and three-bedroom floor plans, with each unit having 250 square feet of private outdoor space. Amenities will include a pool, fitness center, outdoor grilling and dining stations and an outdoor event lawn, as well as multiple pocket parks throughout. A grand opening ceremony will be held in November, with the first move-ins scheduled to begin shortly thereafter.

October 30, 2023

Acquisitions Multifamily Texas

Marcus & Millichap Brokers Sale of 236-Unit Luna Vista Apartments in Fort Worth

by Taylor Williams October 30, 2023

FORT WORTH, TEXAS — Marcus & Millichap has brokered the sale of Luna Vista, a 236-unit apartment complex in Fort Worth. The 32-building property was built in 1979 at the intersection of I-30 and Loop 820 on the city’s east side. Al Silva and Ford Braly of Marcus & Millichap represented the seller and procured the buyer, both of which were locally based investment groups that requested anonymity, in the transaction. The new ownership plans to implement a value-add program.

October 30, 2023

Development Multifamily New York Northeast

Durst Organization Tops Out 647-Unit Multifamily Project in Queens

by Taylor Williams October 30, 2023

NEW YORK CITY — The Durst Organization has topped out 20 and 30 Halletts Point, a 647-unit multifamily project in the Astoria neighborhood of Queens. The complex consists of a 27-story building and a 32-story building that are part of the larger Halletts Point mixed-use development, which will eventually total more than 2,000 residential units. Residences will come in studio, one- and two-bedroom formats. Amenities will include a fitness center, rooftop terraces, resident lounges and a children’s play area, as well as ground-floor retail space and onsite parking. Urban Atelier Group is the general contractor for 20 and 30 Halletts Point, which are slated for 2025 deliveries.

October 30, 2023

California Loans Mixed-Use Multifamily Restaurant Retail Western

Marcus & Millichap Arranges $2.7M Refinancing for North of Market Mixed-Use Building in San Diego

by Amy Works October 30, 2023

SAN DIEGO — Marcus & Millichap Capital Corp. (MMCC) has arranged a $2.7 million refinancing for North of Market, a mixed-use retail and multifamily property in San Diego. Located at 701-721 8th Ave., the property comprises a restaurant, salon, clothing store and 10 apartments. Chad O’Connor of MMCC’s San Diego office secured the three-year, fixed-rate, interest-only loan for the undisclosed borrower.

October 30, 2023

Affordable Housing Loans Multifamily New Jersey Northeast

Greystone Provides $21.6M Agency Refinancing for Affordable Housing Complex in Carteret, New Jersey

by Taylor Williams October 30, 2023

CARTERET, N.J. — Greystone has provided a $21.6 million Fannie Mae loan for the refinancing of Roosevelt Village Apartments, a 101-unit affordable housing complex in the Central New Jersey community of Carteret. Built in 1969, the complex consists of 10 buildings on a 5.2-acre site that house one-, two- and three-bedroom units. Specific income restrictions were not disclosed. The nonrecourse, fixed-rate loan was structured with a 10-year term, 35-year amortization schedule and seven years of interest-only payments. Ryan Harkins of Greystone originated the financing on behalf of the borrower, Tryko Partners.

October 30, 2023

Acquisitions Connecticut Multifamily Northeast

NEPCG Arranges $3.6M Sale of Two Multifamily Properties in Southern Connecticut

by Taylor Williams October 30, 2023

NORWALK AND BRIDGEPORT, CONN. — Regional brokerage firm Northeast Private Client Group (NEPCG) has arranged the $3.6 million sale of two multifamily properties in southern coastal Connecticut. The building at 33 Woodbury Ave. in Norwalk totals eight units, and the building at 1421 Fairfield Ave. in Bridgeport totals 25 units. The buyers and sellers in both deals requested anonymity. Brad Balletto Jeff Wright, Rich Edwards, Bob Paterno, Chris Bierezowiec and Pat Hegarty of NEPCG brokered the deals.

October 30, 2023

Newer Posts

Older Posts