Property Acquisitions and Dispositions

DALLAS, Dec. 15, 2021 – JLL Capital Markets announced today that it has closed the sale and acquisition financing for a four-property, 245-bed, student housing portfolio at Clemson University in Clemson, South Carolina.

SAN DIEGO, Dec. 14, 2021 – JLL Capital Markets announced today that it has closed the $64.4 million sale of Eighteen Ten State Street, a Class A, mid-rise multi-housing property located in San Diego’s premier neighborhood, Little Italy.

CHICAGO, Dec. 14, 2021 – JLL Capital Markets announced today that it has closed the $42.26 million sale of the Michigan State Portfolio, a 292-unit, 524-bed portfolio of student housing communities located just a few blocks from the campus of Michigan State University in East Lansing, Michigan.

DENVER, Dec. 13, 2021 – JLL Capital Markets announced today that it has arranged $60 million in financing for the acquisition of Lodge on 84th, a 300-unit, garden-style multi-housing community located in the Denver-area community of Federal Heights, Colorado.

American Landmark has acquired 24 Sunbelt apartment communities with a cumulative value of $1.5 billion thus far in 2021

MORRISTOWN, N.J., Dec. 13, 2021– JLL Capital Markets announced today that it has arranged $54 million in acquisition financing for Montclair Residences at Bay Street Station, a 163-unit, transit-oriented multi-housing community in the suburban New York City community of Montclair, New Jersey.

Becovic, a Chicago-based multifamily owner and operator, continues to invest in Chicago’s Rogers Park neighborhood. The company recently bought a property that includes an indoor parking garage with a 3,000 square foot commercial space on the ground floor. Located at 1419 W. Howard, Becovic Realty represented the buyer and Friedman Real Estate represented the seller in the $1,700,000 deal.

 

HOUSTON (November XX, 2021) – Berkadia announces it has secured financing for July Residential’s acquisition of Carmel Creek, a 536-unit apartment community in Houston, Texas. Senior Managing Director Mitch Sinberg, Associate Director Matthew Robbins and Senior Analyst Abigail Beauchamp of Berkadia Boca Raton secured the financing on behalf of July Residential.

WASHINGTON, D.C., Dec. 9, 2021 – JLL Capital Markets announced today that it has arranged $50.1 million in acquisition financing for Plaza Towers, a 288-unit, high-rise, value-add apartment community located in Hyattsville, Maryland.

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