Daily Archives: June 24, 2022

MAXX Properties Announce The Acquisition of 261-Unit The Ridge Luxury Apartment Community in Submarket of Sandy, Utah

SANDY, UT – MAXX Properties announced the acquisition of The Ridge, a 261-unit, 4-story luxury apartment community near Sandy Utah. The Ridge boasts commanding views of the Wasatch and the Oquirrh mountain ranges. The Ridge offers modern one-, two-, and three-bedroom apartments. These luxury homes were built in 2018 and feature tech-forward amenities and a […]

Hamilton Zanze Completes Disposition of 320-Unit Hunter’s Chase Apartment Community in Metropolitan Richmond Submarket

RICHMOND, VA – San Francisco-based real estate investment firm Hamilton Zanze announced the sale of Hunter’s Chase Apartments in the desirable Chesterfield County submarket of Richmond, Virginia. The group purchased the property in 2017. During their ownership, Hamilton Zanze completed a successful unit renovation campaign, an office and gym renovation, landscaping improvements, siding replacement and […]

$51.25M financing secured for three multi-housing properties in Florida

MIAMI, FL – JLL Capital Markets announced today that it has closed $51.25 million in acquisition financing for a three-property multi-housing portfolio in Gainesville, Florida. JLL represented the borrower, American Commercial Realty Corp., to secure the three-year loan through Trez Capital, one of Canada’s largest non-bank commercial real estate lenders that is helping to build better communities […]

$87.1M financing arranged for New Jersey multi-housing community

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. […]

$93.2M capitalized for development of Charlotte multi-housing community

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. JLL worked on behalf of the sponsors, Space Craft and Swinerton, to […]

$90.9M capitalization secured for New Jersey multi-housing development

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. JLL represented the borrower, PARQ Builders, to secure a senior floating-rate construction loan through an institutional lender, as […]

Michelle Lucey Named Chief People Officer for Sunrise Management

San Diego-based Sunrise Management – a multifamily industry leader which has specialized in the management of residential real estate since 1978 – has announced the appointment of Michelle Lucey as its new its chief people officer.   A seasoned human resources executive, Lucey was most recently the corporate director of human resources at Excel Hotel […]