Property Acquisitions and Dispositions
MIAMI, April 21, 2022 – JLL Capital Markets announced that it has arranged $5.11 million in supplemental financing, to go with the original $45.8 million original senior loan, for Parc 3400, a 260-unit, mid-rise multi-housing property in Davie, Florida.
Berkadia announces it has arranged the sale of Boardwalk Lofts, a 319-unit multifamily community in Katy, Texas. Managing Director Jeffrey Skipworth, Director Kyle Whitney, Managing Directors Joey Rippel and Chris Young and Senior Managing Directors Chris Curry and Todd Marix of Berkadia Houston represented the seller, an affiliate of Sueba USA Companies, a real estate development company based in Houston, Texas.
Kiser Group, Chicagoland’s leading multifamily brokerage firm, announces the exclusive listing of Harvard House Condominiums, a 94-unit property in the East Lakeview neighborhood of Chicago. Listed for $19,000,000, the property is located at 3825 N. Pine Grove Avenue. Director Andy Friedman and Advisor Jake Parker are representing the association in this Section 15 deconversion sale.
LOS ANGELES, April 19, 2022 – JLL Capital Markets announced today that it has arranged $33 million in permanent financing for the Cielo Apartments, a 70-unit, Class A, mid-rise multi-housing property located in the Little Italy neighborhood of San Diego, California.
DENVER, April 18, 2022 – JLL Capital Markets announced today that it has capitalized Iota Fox Station, a 148-unit, Class A, type III podium apartment development in the burgeoning Fox Station neighborhood of Denver, Colorado.
MIAMI, April 14, 2022 – JLL Capital Markets announced that it has arranged $5.9 million in supplemental financing for the 288-unit Club at Danforth in Jacksonville, Florida, and $5 million in supplemental financing for the 210-unit Verandahs at Hunt Club in Apopka, Florida. This is the second supplemental financing for Verandahs at Hunt Club.
Vivo Investment Group (“Vivo”) has acquired the dual branded Holiday Inn and Radisson Hotel in Downtown Baltimore’s Inner Harbor with plans to convert the twin tower high rise property into a multifamily community.
The Mogharebi Group (TMG) representing the seller, FPA Multifamily, has arranged the $30.65 million sale of ReNew, a 128-unit development in the Central Valley community of Visalia, CA. The buyer of the property is a private investment group from nearby Santa Barbara.
Tower 16 Capital Partners (“Tower 16”) has acquired Nottinghill Apartments, a 322-unit multifamily property in Tucson, AZ in an off-market transaction for $35.5 million.
