VIRGINIA BEACH, VA. — Barry Tomlin has returned to The Breeden Co. as vice president of customer service and marketing. Tomlin previously served in various leadership capacities at The Breeden Co. He has come out of retirement in order to accept the position. As vice president, he will develop and implement strategies to enhance customer satisfaction and engagement. Tomlin will also oversee The Breeden Co.’s marketing initiatives.
LAUREL, MD. — Rockville, Maryland-based Berman Enterprises has purchased The Current at Watershed, a build-to-rent asset located at 3101 Runnel Lane in Laurel, roughly midway between Baltimore and Washington, D.C. Bethesda, Maryland-based Couloir Ventures sold the community to Berman Enterprises for $54 million. Ari Azarbarzin, Chris Doerr, Jack Brocato, Will Harvey, Shack Stanwick, Wallace Halpert and Anthony Pino of Northmarq represented the seller in the deal. Built in 2023, The Current at Watershed offers 97 three-bedroom townhomes. The average unit size is 1,407 square feet. Each residence features quartz countertops, stainless …
FARGO, N.D. — Gindi Equities has acquired Timber Creek Apartment Homes, a 252-unit property located at 4720 Timber Parkway South in Fargo, for an undisclosed price. Gindi Equities purchased the community from Property Resources Group, which will continue to manage and service the asset. Built in 2015, Timber Creek Apartment Homes offers one-, two- and three-bedroom floor plans. Amenities include a playground, beach volleyball court and pergola grilling area. Gindi Equities plans to implement interior upgrades, including the installation of new features and fixtures to apartment kitchens and bathrooms. The …
PHILADELPHIA — Felicity Street Investments has purchased Lofts at Henry Hall, a 21-unit community located at 2209 N. Broad St. in Philadelphia, from V2 Properties for $3.6 million. Built in 2023, Lofts at Henry Hall offers a mix of one-, two- and three-bedroom apartments. The property also includes a 500-square-foot commercial space on the ground floor. Vince Peruto of Marcus & Millichap’s Philadelphia office marketed the property on behalf of the seller and procured the buyer in the transaction.
BRIDGEPORT, CONN. — Northeast Private Client Group (NEPCG) has negotiated the $9.9 million sale of Bridgeport Commons Apartments, an 86-unit asset in Bridgeport, about 20 miles southwest of New Haven, Connecticut. Bridgeport Commons Apartments consists of two buildings that were originally built between 1967 and 1970. The community offers a mix of nine studios, 73 one-bedroom units and four two-bedroom apartments. Brad Balletto, Rich Edwards and Robert Paterno of NEPCG represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
NEW YORK CITY — Dune Real Estate Partners (Dune) and TF Cornerstone (TFC) have formed a $1 billion venture aimed at converting office buildings into residential communities. The venture, dubbed Alta Residential, will initially target opportunities in cities such as New York City; Boston; Washington, D.C.; Charlotte, North Carolina; Raleigh, North Carolina; Atlanta; Dallas; San Francisco; and Los Angeles. Dune and TFC will source potential conversion opportunities on behalf of Alta Residential. The team will provide construction oversight of local developer joint ventures. Additionally, TFC and Alta Residential plan to …
CLARKSVILLE, TENN. — Birmingham, Alabama-based investment firm Oakley Group has acquired Pro Park, a 96-unit asset located at 850 Professional Park Drive in Clarksville, about 46 miles northwest of Nashville. Built in 2024, Pro Park consists of three buildings situated on a 4.4-acre site. The community offers one- and two-bedroom units ranging from 879 to 1,200 square feet in size. Amenities include a clubhouse, pool, 20 garages and 64 storage units. The community was 63 percent occupied at the time of sale. Developer Bert Singletary sold the asset to Oakley …
GALLATIN, TENN. — Kolter Multifamily, along with its affiliates, has broken ground on Alton Nexus, a 300-unit project in Gallatin, roughly 30 miles northeast of Nashville, Tennessee. The community will offer a mix of one-, two- and three-bedroom apartments. Planned amenities include a pool with outdoor firepits, clubroom with a bar, coworking spaces and a fitness center with a yoga studio. Kolter Multifamily expects to deliver Alton Nexus in winter 2026. Alton Nexus is part of the Nexus master-planned development, which features a business park, shops and restaurants. The project …
WOODINVILLE, WASH. — JLL Capital Markets has negotiated the $136 million sale of Beaumont Apartments, a 344-unit community located at 14001 NE 183rd St. in Woodinville, 20 miles northeast of Seattle. David Young, Corey Marx and Chris Ross of JLL represented the undisclosed seller in the deal. The identity of the buyer was also not disclosed. Built in 2009, Beaumont Apartments consists of three buildings on a 14.3-acre site. The property offers studio, one- and two-bedroom units with an average size of 856 square feet. Residents have access to amenities …
LOS ANGELES — The Dinerstein Cos. has hired Josh Rebholz to the role of vice president of capital markets and Scott Wandzilak as director of capital markets. Based in The Dinerstein Cos.’s recently established office in Los Angeles, Rebholz and Wandzilak will spearhead capital raising efforts for company’s fund platform and investment management business. Prior to joining The Dinerstein Cos., Rebholz was the executive senior associate athletic director at the University of California, Los Angeles (UCLA). He holds a bachelor’s degree in integrated studies from Weber State University and a …
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