Property Acquisitions and Dispositions

Enclave at Lake Ellenor sold to a joint venture between East Hill Capital Partners
& The Bascom Group

Berkadia announces it has arranged the sale of Village at Lake Worth and Village at Lake Osborne, two apartment communities with a total of 336 units in Palm Beach County, Fla.

MIAMI, Jan. 10, 2022 – JLL Capital Markets announced that it has closed the $20.475 million sale of PGA Station development site, an approximately 3.61-acre asset located in Palm Beach Gardens, Florida.

PORTLAND, Jan. 10, 2022 – JLL Capital Markets announced that it has closed the $47 million sale of Summit at Hyland Park, a 137-unit, value-add, garden-style multi-housing community located in Beaverton, Oregon.

CHICAGO, Jan. 10, 2022 – JLL Capital Markets announced that it has closed the sale of City View at the Highlands, a 403-unit, luxury, value-add, mid-rise apartment building located in the Chicago suburb of Lombard, Illinois.

ORLANDO, Jan. 10, 2022 – JLL Capital Markets announced today that it has closed the $84.7 million sale of The Haven at West Melbourne, a three-story, garden-style multi-housing community located in West Melbourne, Florida.

Berkadia announces it has arranged the sale of the Houston Value-Add Multifamily Portfolio, a four-property portfolio consisting of 1,556 apartment units in three suburbs of Houston. Managing Directors Joey Rippel, Chris Young and Jeffrey Skipworth, Director Kyle Whitney, and Senior Managing Directors Todd Marix and Chris Curry of Berkadia Houston marketed the portfolio on behalf of Austin, Texas-based GVA Real Estate Group. The buyer was a joint venture between Stonewall Associates (Houston) and Nord Group (New York).

MLG Capital provided $17.5 million in JV equity for the acquisition of Wildcreek Apartments in Clarkston, Ga.

West Hollywood, Calif. – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.9 million sale of an eight-unit apartment property located at 1041 North Stanley Avenue in West Hollywood, CA. 

Greystone, a leading national commercial real estate finance company, has provided a $60 million bridge loan for the acquisition of Seaview Estates, a 316-unit affordable housing rental property in Staten Island, New York. The transaction was originated by Miryam Reinitz-Kops of Greystone on behalf of Iris Holdings Group.

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