TODAY’S DEALS: Onex, New York Life Insurance Sell 1,056-Unit Portfolio
IPA brokers sell three Midwest assets for a partnership between Onex and New York Life Insurance; a joint venture between The Kalikow Group and EYC Companies completes a sale in North Carolina; and EverBank funds a $2 million loan for the acquisition of a six-apartment property.
TODAY’S DEALS: Development Site Trades Hands in Boca, 378 Units in the Works
ARA brokers a $22.3 million land sale in Boca Raton; Capital One Bank closes a $70M Fannie Mae loan; and Marcus & Millichap arranges the sale of an REO asset in Tampa.
TODAY’S DEALS: Mack-Cali, Ironstate Land $192M via NorthMarq for Jersey City Apartment Tower
NorthMarq arranges $192 million for a 763-unit development; CBRE Global Investors acquires 432 units in The Woodlands; and Everbank funds a $2 million acquisition loan for a mixed-use property in Chicago.
TODAY’S DEALS: Landmark Apartment Trust Completes 342-Unit Orlando Acquisition
Landmark Apartment Trust buys a 2002-built apartment in Orlando; Chaucer Creek acquires a community in Charlotte’s ‘hippest’ neighborhood; and Colorado investor acquires a property from Fannie Mae.
TODAY’S DEALS: Kushner, KABR Land $140M from CIT for Jersey City’s Tallest Apartment Tower
CIT provides Kushner Companies and KABR with $140 million for a Jersey City tower; Madison Realty Capital Arranges $33 million for Soho Properties’ 45 Park Place; and NorthMarq negotiates $20.5 million in construction/permanent financing from the bank.
TODAY’S DEALS: Steadfast Apartment REIT Acquires Two Austin Assets
Steadfast Apartment REIT acquires 564 units in Austin; Blue Ridge Companies expands its North Carolina portfolio; and Grandbridge Real Estate Capital obtains $12.42 million in equity and a three-year senior loan for multifamily property.
TODAY’S DEALS: Clal Insurance Grabs Another Apartment in Stamford
Clal Insurance acquires a 146-unit asset in Stamford from a joint venture; Capital One Bank closes on a $31.1 million Fannie Mae loan to refinance a portfolio of Class A Los Angeles apartments; and Marcus & Millichap brokers $10.9 million sale in SoCal.
TODAY’S DEALS: Levin Realty Advisors Completes 320 Unit Sale to L3C Partners
L3C Partners picks up a Class A asset in Illinois from Levin Realty Advisors; and NorthMarq Capital secures $16.9 million new construction loan for the Cookie Factory.
TODAY’S DEALS: Kennedy Wilson Acquires 118 Units South of Seattle
Kennedy Wilson completes a $20.8 million acquisition in Turnwater, Wash.; Hunt Mortgage Group refinances an affordable seniors asset in Pennsylvania; and NorthMarq Capital arranges a seven-year, $22.8 million acquisition loan.
Chicago Apartment Market Podcast
Pierce Eislen’s Ron Brock Sr. and Jack Kern discuss Chicago apartment market fundamentals in this edition of our market research podcast hosted by Mike Ratliff.