Square Mile Capital Management LLC today announced that it had originated a $108.5 million acquisition loan secured by Riverworks, a 6-story, Class A, 306-unit trophy multifamily building located in Savannah, GA. The asset, which also features 30,000 square feet of street-level retail, was purchased for $153 million by JEM Holdings, a New York-based real estate owner and operator led by Mikael Levey and Jessica Saks.
Cushman & Wakefield announced the commercial real estate services firm has arranged the $75 million sale of Country Club, a 454-unit apartment community located in Charlotte, North Carolina.
Cushman & Wakefield has arranged the $68.2 million sale of The Eddy at Riverview Landing, a 310-unit apartment community located in Smyrna, Georgia, part of Metro Atlanta. Robert Stickel, Alex Brown and Ashlyn Warren of Cushman & Wakefield represented the seller, Prestwick Companies, in the transaction. JEM Holdings, a New York-based real estate investment management company, acquired the newly developed multifamily asset which is currently in lease-up.
An apartment community in northwest Raleigh has changed hands in a nearly $20 million deal, about $6 million more than the previous sale price from 2018.
TRD’s ranking of the biggest commercial deals in the county reveals that cash is flowing from far-flung places to high-yield, low-risk multifamily properties.
Two Huntsville apartment complexes, totaling 220 units, have sold in a joint deal.
The 146-unit Governors House, built in 1978, and the 84-unit, 336-bed Huntsville Place, were bought by JEM Holdings.
JEM Holdings has acquired 380 Harding Apartments, a 160-unit Class B community in Nashville, Tenn., for $13.9 million from Pacific Equities Group, according to Yardi Matrix. Berkadia provided the buyer with acquisition financing totaling $11.2 million through Fannie Mae.
Two north Raleigh apartment complexes bring in nearly $60M
Two apartment complexes in north Raleigh have sold in the past week, hauling in a total of $58.6 million and capping off a busy quarter for apartment acquisitions in the Triangle.
DOWNTOWN NASHVILLE'S 500 FIFTH APARTMENTS, FORMERLY METRO MANOR, SOLD FOR $27.3M
New York-based JEM Holdings bought its third Nashville property from a fund managed by Covenant Capital Group, which renovated The 500 Fifth.
CUSHMAN & WAKEFIELD ARRANGES $36.1M SALE OF THE PALMS FROM KOLE MANAGEMENT TO JEM HOLDINGS
JEM Holdings acquired the $36.1 million Palms community in Charleston from Kole Management.
CUSHMAN & WAKEFIELD SHEPHERDS 182-UNIT GA SALE
JEM Holdings acquired the $15 million Woodhill community in Augusta from Intermark Management and King Management.
CBRE ARRANGES $4.8 MILLION SALE OF 800 POST ROAD IN DOWNTOWN DARIEN, CT
JEM Holdings, a New York, NY-based company, acquired the building and improvements at 800 Post Rd in the heart of Darien, CT for $4.8 million from Hawthorne Realty.
JEM HOLDINGS ACQUIRES COUNTRY CLUB APARTMENTS
JEM Holdings, a New York, NY-based company, acquired the 454-unit Country Club Apartments in Charlotte, NC for $17 million, or about $38,000 per unit.
