Camden made a major sale while firms like Knightvest, the Scion Group and Tishman Speyer acquired new properties.
Multifamily firms have been actively acquiring and offloading assets in recent months.
Some of the biggest transactions were completed by Knightvest, which bought over 1,000 units in Austin, Texas, and Scion Group, which acquired a 2,316-bed student housing portfolio for $400 million.
Camden, meanwhile, sold its entire 3,620-unit California portfolio for $1.6 billion as it moved to exit the state.
Read on for more about some of the most notable apartment transactions from this summer.
With the purchase of the four-property portfolio from SCHENK+, Chicago-based Scion expands its presence at Texas State University, the University of Tennessee and the University of Georgia. Read the full article ➔
Cortland sold the 812-unit asset for $208 million in a market that continues to see new deliveries, according to The Real Deal. Read the full article ➔
The Memphis, Tennessee-based firm bought the 288-unit The Ovilla as it expects new deliveries in the south Dallas suburbs to fall to 2% of inventory over the next 18 months. Read the full article ➔
The firm secured the three properties at a deep discount to what the assets previously traded at and is currently under contract to buy a foreclosure in Dallas, according to CEO David Moore. Read the full article ➔
The 216-unit Village on the Green property in Atlanta was the first deal the company analyzed, the firm’s founder tells Multifamily Dive. Read the full article ➔
A Blackrock-managed vehicle bought the 3,620-unit portfolio, which is located in Los Angeles County, Orange County, the Inland Empire and San Diego County. Read the full article ➔
The firm added the asset through its TS Plus fund, which has raised $973 million to date. Read the full article ➔
The multifamily affordable housing investment manager purchased the assets, which contain nearly 2,000 affordable homes, and the fund management portfolio from St. Louis Equity Fund. Read the full article ➔
The $90,000-per-unit price is the highest ever paid for a South Miami development site, according to Cushman & Wakefield. Read the full article ➔
Donaldson Impact Investments teamed up with two partners to buy Yorkshire Apartments using Montgomery County's by-right Payment in Lieu of Taxes program. Read the full article ➔
Stephen Squatrito says the firm has ramped up its acquisitions team as it sees opportunities, but “wins are increasingly off-market or in second-round sale efforts.” Read the full article ➔
