Acquisition of the Week
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Multifamily Acquisition of the Week: Citron Apartments in Anaheim, Calif.
Anton South Street Venture LLC sold Citron Apartments — a recently completed community with 314 residential units — to MG Properties for $144M. More
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Multifamily Acquisition of the Week: Bergen Town Center development site in Paramus, New Jersey
Urban Edge Properties sold a fully entitled development parcel, located next to Bergen Town Center on Forest Avenue in Paramus, to Russo Development and The KRE Group, as a joint venture. The two-phase development plan includes a 426-unit multifamily complex. More
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Multifamily Acquisition of the Week: Office complex sold for residential use in Santa Ana, California
Harbor Associates (Harbor) sold a 111,483-s.f. office building at 2020 E. First Street in Santa Ana, Calif., to Meritage Homes for residential use. The project consists of an 86-unit townhome community with a mix of two-, three- and four-bedroom units. More
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Multifamily Acquisition of the Week: 14-unit property in Huntington Beach, California
Dunbar Real Estate Investment Management sold a 14,518-s.f., 14-unit multifamily property to The Robert and Grace Chiu Revocable Living Trust for $8.7M. The property features a mix of one-, two- and three-bedroom units, built in 1977, with over $1M in capital improvements completed in 2022, including renovations of all units. CBRE’s EVP Dan Blackwell and SVP Mike O’Neill represented the buyer and the seller. More
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Multifamily Sale of the Week: Summit Court in Union Township, N.J.
Summit Court is a newly constructed, two-phase luxury apartment community, built in 2018 and 2023. The community offers 351 market-rate apartments and 42 affordable units, with a mix of one-, two- and three-bedroom floor plans. The property boasts a high occupancy rate of 93%. JLL represented the seller, a joint venture between Fidelco Realty Group and Diversified Properties. More
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Multifamily Sale of the Week: Villas at Princeton Lakes in Atlanta
FCP sold the 210-unit Villas at Princeton Lakes to Monday Properties and RSN Property Group for $36.75M. The property is located in the South Fulton area, a prominent suburb of Atlanta. This acquisition marks Monday Properties’ first venture into the Atlanta market and represents the ongoing expansion of its multifamily portfolio, which includes more than 6,700 housing units currently in operation and in the development pipeline across the East Coast. More
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Multifamily Acquisition of the Week: 914 W. Hubbard St. in Chicago
KCB Real Estate, a national commercial real estate investment firm, acquired a 26-unit multifamily property in Chicago’s Fulton Market District. The firm, based in Pasadena, Calif., acquires assets ranging from core real estate to niche properties and has executed 14 acquisition transactions valued at $156M in the past 12 months. Property: 914 W. Hubbard St. More
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Multifamily Acquisition of the Week: The Paseos at Montclair North in Montclair, Calif.
Real estate investment firm Archway Equities acquired The Paseos at Montclair North from 4919 Olive Street Properties LLC for $150M. It’s the largest multifamily transaction in Southern California to close this year and represents Archway’s first multifamily investment in the state. The property was 97% leased at closing. The 385-unit multifamily community is located in More
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Multifamily acquisition of the week: Dwell Apartment Homes in Scottsdale, Arizona
29th Street Capital (29SC) acquired Dwell Apartment Homes, a 193-unit property located in Scottsdale. The property is the firm’s 20th multifamily acquisition in the greater Phoenix metropolitan area. Haven Residential, 29SC’s property management company, will oversee management and leasing. More
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Multifamily acquisition of the week: Abberly Riverwalk in Nashville, Tenn.
JLL Capital Markets facilitated the $106M acquisition of Abberly Riverwalk (formerly known as Alta Riverwalk), a 304-unit, three-story, apartment community in Nashville. JLL represented the buyer, HHHunt, and secured the $62M floating-rate bridge loan on behalf of the new owner. More
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Multifamily Acquisition of the Week: Grand Lee Apartments in Bergen County, N.J.
Grand Lee Apartments is an 80-unit, garden-style property located in the borough of Leonia. Gebroe-Hammer Associates arranged the off-market $19.8M sale between Fairlawn CO, the long-time owner, and an unnamed private investor. Bergen County has a history of strong multifamily performance despite the limited availability of properties for sale. Property: Grand Lee Apartments in Bergen More
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Multifamily Acquisition of the Week: Meadowland Apartments in Portland, Ore.
Glencrest Group, a multifamily investment company, acquired Meadowland Apartments — a 168-unit garden-style apartment complex in Portland — from the seller, NBP Capital. The sale was arranged by JLL Capital Markets, who worked on behalf of the new owner to originate a 10-year, fixed-rate loan through Freddie Mac. The property will now be known as Township Eastside. More
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