Daily Archives: July 23, 2022

FCP Partners With BMC Investments in $114 Million Acquisition of 461-Unit Aurora Meadows Apartment Community in Aurora, Colorado

AURORA, CO – FCP announces its third Colorado multifamily acquisition in less than two months with the $114 million joint venture recapitalization with BMC of Aurora Meadows, a 461-unit apartment community at 777 Dillon Way in Aurora, CO. With the Aurora Meadows investment, FCP’s Colorado multifamily portfolio includes three apartment communities with a total of […]

Stoneweg US Enters Houston Multifamily Market With Acquisition of 312-Unit Ashford Apartment Community in Energy Corridor

HOUSTON, TX – Stoneweg U.S., a real estate investment firm specializing in multifamily acquisitions and developments, announced the acquisition of Ashford Apartments, a 312-unit, Class A community located in the heart of Houston, Texas. The investment marks the company’s first acquisition in the ever-popular Houston MSA; the 5th largest MSA in the US. “Historically, our […]

$94.3M financing arranged for San Francisco-area multi-housing development

SAN FRANCISCO, CA – JLL Capital Markets announced today that it has arranged $94.3 million in construction financing for a 189-unit, four-story, Class A multi-housing development located in downtown Pleasant Hill, California. JLL worked on behalf of the borrower, Gemdale USA, to secure the senior financing through Bank OZK and the mezzanine financing through AvalonBay Communities. Situated […]

$59.8M in financing secured for Chicago multi-housing development

CHICAGO – JLL Capital Markets announced today that it has arranged the $59.8 million construction financing for 741 North Wells, a shovel-ready, 21-story, 168-unit, Class A multi-housing project with 3,580 square feet of retail in downtown Chicago. JLL represented the borrower, Vista Property, to secure the four-year, floating-rate construction loan through Huntington National Bank. With an […]

Financing secured for Massachusetts multi-housing development

BOSTON – JLL Capital Markets announced today that it has arranged the construction financing for Center & Stone, a 201-unit, two-building multi-housing project with 9,500 square feet of retail space and 10,500 net square feet of amenity space in Quincy, Massachusetts. JLL represented the borrower, FoxRock Properties, to secure the construction loan through Citizens Bank. Upon […]

Sale of multi-housing development site at Nova Southeastern University closes

MIAMI – JLL Capital Markets announced today that it closed the sale and arranged the equity of the Modera Academical Village development site, a two-phase, 793-home mixed-use apartment community with 16,000 square feet of ground-floor retail located on the campus of Nova Southeastern University in Davie, Florida. JLL marketed the property on behalf of the seller, a partnership […]

$31.9M sale of newly constructed multi-housing community in New Jersey closes

MORRISTOWN – JLL Capital Markets announced today that it has closed the $31.9 million sale of Solaris Lofts, a 72-unit, newly constructed, boutique multi-housing community located within the Bergen-Lafayette neighborhood in Jersey City, New Jersey. JLL marketed the property on behalf of the seller, PERE. Beachwold Residential LLC acquired the asset. Built in 2019, the five-story Solaris Lofts […]