Property Acquisitions and Dispositions

MORRISTOWN, NJ – JLL Capital Markets announced today that it has arranged the $87.1 million financing of Valley and Bloom, a two-building, 258-unit, mixed-use multi-housing community in Montclair, New Jersey. In addition to the residential units, the property also includes 19,812 square feet of office space, 19,921 square feet of retail space and an attached parking garage.

CHARLOTTE, NC – JLL Capital Markets announced that it has arranged $28 million in equity and arranged a $65.2 million construction loan for The Joinery Phase II, a two-building, 361-unit, mid-rise multi-housing development with 17,384 square feet of ground-floor retail in Charlotte, North Carolina.

MORRISTOWN, NJ – JLL Capital Markets announced today that it arranged $68.2 million in senior debt and $22.7 million in mezzanine construction financing for PARQ, a 275-unit, Class A to-be-built apartment community located in Parsippany, Morris County, New Jersey.

Magma Equities (“Magma”) has acquired the recently completed Litchford 315 Apartments, a 240-unit multifamily community in Raleigh, N.C., in an $83 million off-market transaction. This represents Magma’s fourth apartment investment of the year in North Carolina and the firm’s ninth overall in 2022, which nearly equals its total investment volume in 2021.

Ashcroft Capital, a New York-based fully integrated multifamily investment firm, and SFO Capital Partners, a London-based global real estate investment management firm, today announce their joint acquisition of Elliot Gateway (formerly Discovery Gateway), a garden-style community located in Marietta, one of metro Atlanta’s thriving suburbs. The transaction marks the first joint venture between the two companies.

Camino Verde Group, a Las Vegas-based real estate investment and development firm, recently acquired the Antigua Village Apartments, soon to be rebranded as Apex Apartments, in Fort Worth, Texas. The acquisition was represented by Global Real Estate Investors (GREA) and is a joint venture with Bakerson, an Arizona-based real estate investment and capital management firm. This marks the firm’s first property in Texas to further expand its portfolio within the high growth southern states.

Greystone provided $12,750,000 in bridge financing for the acquisition of Highland Meadows Health & Rehab, a 120-bed skilled nursing facility in Rockwall, Texas. The financing was originated by DJ Elefant, Vice President at Greystone, on behalf of HACO Properties, LLC. Helios Healthcare Advisors served as the debt broker in the transaction.

Latest acquisition marks completion of $190M in multifamily acquisitions across 5 markets in first half of 2022

Haven Realty Capital (“Haven”) in joint venture with capital partner CenterSquare Investment Management (“CenterSquare”) has closed on the first phase of a $41.8 million acquisition of a 151-home build-for-rent (“BFR”) community now under construction in the Greenville suburb of Fountain Inn, South Carolina.  The Haven-led joint venture will close on the remaining homes in phases over the next 12 months. 

The firm acquired the 487-unit Mosaic at Miramar and the 242-unit property Broadway Chapter Apartments in Fort Worth 

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