LITTLE ROCK, ARK. — Cushman & Wakefield has negotiated the $78.8 million sale of Landmark Apartments, a 372-unit community in Little Rock. Canyon View Capital purchased the asset from Landmark Apartments II LLC in two phases, paying $40.3 million in February 2023 and $38.5 million in February 2024. Martin Bynum and Cole Herget of Cushman & Wakefield represented the seller in the transaction. Landmark Apartments was constructed in two phases by VCC Construction. The first phase consisted of 196 units and was built in 2017. The second phase, which added an additional 176 units, …
Channing Hamilton
TAMARAC, FLA. — Aztec Group has arranged a $95 million loan to refinance Tamarac Village, a 401-unit community in the Miami suburb of Tamarac. The borrower, Lotis Group, developed the property in two phases in 2020 and 2023. Situated on 12.7 acres, Tamarac Village offers one-, two- and three-bedroom floor plans. Units range in size from 800 to 1,485 square feet, according to Apartments.com. The property also includes a nearly 9,000-square-foot clubhouse. MF1 Capital provided the bridge financing.
SAN ANTONIO — Hamilton Zanze has sold BLVD at Medical Center, a 248-unit community in San Antonio. BLVD at Medical Center was built in 2016 and features one-, two- and three-bedroom units that average 776 square feet in size. Amenities include a pool, yoga studio, fitness center, outdoor kitchen, playground, business center and valet trash service. Hamilton Zanze originally acquired the asset in 2016. The firm sold the community after completing a comprehensive capital improvement program, which included upgrades to the apartments, building exteriors, common-area amenities and landscaping.
CHELSEA, MASS. — Fairfield has finished the construction of V2 Apartments, a 256-unit asset in the Boston suburb of Chelsea. The property is located near the MBTA commuter rail and Chelsea’s downtown area. V2 Apartments features studio, one- and two-bedroom floor plans. Amenities include a fitness center with personal e-trainer, pool, co-working lounge with complimentary Wi-Fi, dog park, three courtyards and electric vehicle charging stations.
INDIANAPOLIS — Red Oak Capital Holdings LLC has provided a $4 million bridge loan for Bon Air Apartments, a 42-unit asset in Indianapolis. Bon Air Apartments consists of a trio of three-story buildings, which were originally constructed in 1960. The borrower, a group of professionals doing business as 21 West QOZ LLC, will use the financing to pay off an existing loan and complete a gut renovation of the three buildings. The new owners also plan to build a new building on an adjacent vacant parcel. Common area and amenity …
JACKSONVILLE, FLA. — JLL Capital Markets has closed $32.8 million in acquisition financing for Crossroads at Town Center, a build-to-rent community in Jacksonville. JLL represented the borrowers, 360 Communities (Freehold Capital Management) and PCCP, to secure the loan through Greystar. Chris Drew, Matthew Putterman, Kenny Cutler and Shane Ciacci led the JLL Capital Markets Debt Advisory team. Crossroads at Town Center comprises 141 three-bedroom townhome units averaging 1,728 square feet in size. Units feature garages, covered porches, fenced-in backyards, stainless-steel appliances, built-in washers and dryers, quartz countertops, plank flooring and …
NEW YORK CITY — Walker & Dunlop has arranged a $109 million construction loan for a 247-unit project located at 1034-1042 Atlantic Ave. in Brooklyn’s Prospect Heights neighborhood. Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Jordan Casella and William Herring of Walker & Dunlop arranged the five-year, interest-only loan through QuadReal Property Group. The borrower was EMP Capital Group. The development will consist of two adjourning buildings that will create a cross-block lot between Atlantic Avenue and Pacific Street. The unit mix will include 56 studios, 139 one-bedroom apartments …
NEW YORK CITY — SCALE Lending, the debt financing arm of Slate Property Group, has provided a $140 million construction loan for a development located at 2366 Bedford Ave. in Brooklyn’s Flatbush neighborhood. Leah Paskus of Landstone Capital Group negotiated the loan on behalf of the borrower and developer, Clipper Equity. The community will comprise 354 units across seven stories. The property will also include ground-floor retail space and on-site parking. Planned include a café/business lounge, wet and dry saunas, golf simulator and a cycling studio. S. Wieder Architect PC …
MINNEAPOLIS — Marcus & Millichap has arranged the sale of First Avenue Apartments, a 52-unit property in Minneapolis. The sales price was not disclosed. First Avenue Apartments was constructed in 1917 and 1919. The asset comprises two neighboring buildings located on First Avenue within the city’s Stevens Square neighborhood. Michael Jacobs and Abe Roberts of Marcus & Millichap represented the buyer and seller in the deal, both of which requested anonymity.
KINGWOOD, TEXAS — Berkadia has arranged the sale of Woodland Hills Village, a 260-unit property located 30 minutes north of Houston in Kingwood. Kyle Whitney, Chris Young, Joey Rippel, Jeffrey Skipworth and Chris Curry of Berkadia Houston completed the sale on behalf of the seller, Colorado-based Interurban Cos. The buyer was a Dallas-based value-add firm. Woodland Hills Village is located at 2139 Lake Hills Drive. The community offers one-, two- and three-bedroom units with walk-in closets and patios or balconies. Amenities include a pool, fitness center, laundry facilities, covered parking and …