Property Acquisitions and Dispositions

Henley Investments, a leading private equity real estate firm based in the UK and the USA in partnership with multifamily investment firm Magma Equities have acquired a 199-unit garden apartment community in Raleigh, NC, kicking off their residential portfolio acquisitions in the Southeast US housing market. 

The workforce housing community sits on six prime acres near Greenway Plaza in Central Houston

ATLANTA – JLL announced today that it has closed the sale of Alpharetta City Center, a unique heritage-based, mixed-use residential and retail property in downtown Alpharetta, Georgia.

Kiser Group, Chicago’s leading multifamily brokerage firm, recently sold The Collection on East Lake Terrace, an 11-building, 181-unit portfolio in East Rogers Park. Becovic Management Group acquired the properties for $28.5 million from seller Lee Street Management, who assembled The Collection on East Lake Terrace over a two-decade time frame. Kiser Group’s Principal and Managing Broker Lee Kiser and brokers Danny Mantis and Patrick O’Brien represented both the buyer and seller.

JVM Realty Corp. (JVM), a leading vertically integrated multifamily real estate investment and property management firm, today announced it has acquired Randall Highlands, a 146-unit luxury rental townhome community in North Aurora, Ill., one of the western suburbs of Chicago. JVM Management, Inc. will manage the community.

Berkadia announces it has arranged a $13.6 million loan for the acquisition of Eldorado, a 120-unit garden-style apartment community located in Naples, Fla. Senior Managing Director Charles Foschini and Managing Director Chris Apone of Berkadia’s Miami office arranged the loan on behalf of the sponsor, KHP Eldorado Acquisitions LLC.

Berkadia originated and Fannie Mae purchased the fixed-rate, 12-year loan, with six years interest only and a 75 percent loan to value.

Firm’s Carlos Villanueva and Carmen Siman arrange transaction involving 30-unit building

Firm’s Carlos Villanueva and Carmen Siman arrange transaction involving 30-unit building