The $5.3MM capital infusion will allow owner to renovate units and pursue entitlements for future apartment development

CHICAGO – JLL Capital Markets announced today that it has closed the sale of Village West, a recently renovated, 1,134-bed student housing community serving students of Purdue University in West Lafayette, Indiana.

American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, has acquired The Tradition at Summerville, a 232-unit multifamily asset in Summerville, South Carolina. The property will undergo a $2.7 million capital improvements project and be renamed The Bryant at Summerville.

Berkadia announces it has arranged the sale and financing of Magnolia Grove, a 268-unit garden style community in southeast Houston. Senior Managing Director Ryan Epstein, Director Jennifer Ray and Associate Director Scott Bray of Berkadia’s Houston office arranged the sale on behalf of Lantower Residential, a real estate investment firm based in Dallas. Senior Managing Director John Koeijmans and Associate Director Austin Blankenship of Berkadia’s Dallas office arranged the acquisition financing on behalf of a Dallas-based privately owned company.

Multifamily investment firm Magma Equities in joint partnership with Henley Investments has closed on its second apartment acquisition in the Raleigh, NC metro in the past three months, with the $26 million off-market purchase of Chapel View Apartments, a 224-unit community in Chapel Hill. 

CHARLOTTE – JLL Capital Markets announced today it has closed the sale of Alta Blu, a 298-unit, Class A apartment community in Chapel Hill, North Carolina.

This email address is being protected from spambots. You need JavaScript enabled to view it., This email address is being protected from spambots. You need JavaScript enabled to view it., This email address is being protected from spambots. You need JavaScript enabled to view it., and This email address is being protected from spambots. You need JavaScript enabled to view it., of Northcap Commercial are pleased to announce the recent sale of 828 F Street Apartments for $815,000 ($40,750/unit). This sale consisted of 20 distressed multifamily units built in 1955 located at 828 F. Street in Las Vegas, Nevada.

DALLAS – JLL Capital Markets announced today that it has closed the sale of St. Pauls House, a 171-bed skilled nursing and sheltered care community in Chicago, Illinois.