Property Acquisitions and Dispositions
Jeffersontown, Ky. – 29th Street Capital (29SC), a privately-held real estate operator, has acquired a Class B, 120-unit, three property multifamily portfolio located in the Jeffersontown submarket of Louisville, Kentucky. The new owner will be rebranding the apartments - currently known as Hickory Hill, Farish and Willow Creek - to Skyview Commons.
Kiser Group, Chicagoland’s leading multifamily brokerage firm, announced the sale of 29 condominium units in a 37-unit multifamily property in Chicago’s Uptown neighborhood. The bulk sale represents 75% ownership in the condominium association for 850 W. Margate Terrace. Kiser Group Advisors Andy Friedman and Jake Parker represented both the buyer, Lakepointe Properties, and seller, an unnamed family trust, in the transaction.
JLL Capital Markets announced today that it has closed the $92.15 million sale of Parc at Princeton Junction, a 232-unit, Class A, transit-oriented multi-housing community with ground-floor retail space in Princeton, New Jersey.
JLL Capital Markets announced today that it has closed the $80.1 million sale of Siena Park, a 188-unit, core, infill multi-housing community with 33,602 square feet of retail and 17,373 square feet of office space in Arlington, Virginia.
TruAmerica Multifamily ("TruAmerica") doubles its portfolio in Texas with the acquisition of The Heights and Mission Ranch apartments. The two Dallas-area properties, acquired in separate transactions total more than 500 apartment homes and represent the Los Angeles-based value add multifamily investment firm’s third and fourth investments in Texas since entering the market in December 2020.
Greystone, a leading national commercial real estate finance company, has provided a $22 million Fannie Mae Delegated Underwriting and Servicing (DUS®) loan to acquire a 324-unit multifamily property in Indianapolis, Indiana. The financing was originated by Dan Sacks, Managing Director at Greystone, for long-time client Cyclone Wildwood 324, LLC.
JLL Capital Markets announced today that it has closed the $85.5 million sale of Village on Main Apartments, comprised of 200 luxury multi-housing units in the Point Ruston master-planned community in Tacoma, Washington. The property includes approximately 18,500 square feet of ground floor retail which will be retained by the seller.
JLL Capital Markets announced today that it has closed the sale of two California manufactured home communities totaling 410 home sites, Diamond K Estates in Roseville and Carman Ranch MHC in San Diego, California.
JLL Capital Markets announced today that it has closed the $45.625-million bulk sale of 111 condominium units at 100 West 93rd St., a 280-unit, 301,776-square-foot residential condominium property with ground-floor retail in New York City’s Upper West Side. JLL also assisted with the financing for the buyer.
JLL Capital Markets announced today that it has closed the sale of Icon Central, a 368-unit,15-story, residential high-rise in the Tampa Bay community of St. Petersburg, Florida.