Property Acquisitions and Dispositions

Becovic, a Chicago-based multifamily owner and operator, has added The Fleetwood, located at 6026 N. Winthrop Avenue in Chicago, Illinois, to its Edgewater portfolio. The property sold for $7.25 million, and the deal was brokered by Becovic.

JLL Capital Markets announced today that it has arranged $85.1 million in joint venture equity and construction financing for the development of Paravel, a 246-unit best-in-market multi-housing community in the Minneapolis suburb of Eden Prairie, Minnesota.

JLL Capital Markets announced that it has closed the sale of Oak Brook Heights, a 408-unit, garden-style multi-housing community on the border of Westmont and Oak Brook, in West Suburban Chicago, Illinois.

JLL Capital Markets announced today that it has closed the $43.5 million sale of and arranged $28.275 million in acquisition financing for Vincent Woods Apartments, a 168-unit, newly-built, Class A multi-housing community in the Twin Cities suburb of Rogers, Minnesota.

JLL Capital Markets announced today that it has closed the $155.6 million sale of Ely at The Curve, a 456-unit, luxury, mid-rise multi-housing complex in the suburban community of Spring Valley in Las Vegas, Nevada.

Long Beach, Calif. – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.5 million sale of an eight-unit apartment property located at 1148 Stanley Avenue in the Eastside submarket of Long Beach, CA. 

JLL Capital Markets announced today that it has closed the sale of nine senior living properties totaling 558 units of assisted living and memory care. Eight of the properties are in South Carolina with one property located in North Carolina.  

JLL Capital Markets announced today that it has closed the sale of Berkshire Stewards Crossing, a 240-unit, luxury, value-add multi-housing community in the Princeton submarket of Lawrence Township, New Jersey.

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