Author

Channing Hamilton

Cottages at Summer Creek
Build-to-RentInvestment SalesNewsTexas

ONM Living Sells 196-Unit BTR Asset in Fort Worth, Texas

by Channing Hamilton

FORT WORTH, TEXAS — ONM Living has sold Cottages at Summer Creek, a 196-unit build-to-rent community in south Fort Worth. ONM Living sold the property in partnership with All Pro Capital. The buyer was Stockbridge Capital Group. Berkadia brokered the deal. Cottages at Summer Creek was built on 18 acres in 2023. The community offers studio, one-, two- and three-bedroom residences that range from 344 to roughly 1,200 square feet in size. Units feature fenced yards, porches, granite countertops, stainless steel appliances, walk-in showers, washers and dryers and smart technology …

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The Arbors
IllinoisInvestment SalesMidwestNews

Becovic Holdings Corp. Buys 254-Unit Community in Rockford, Illinois

by Channing Hamilton

ROCKFORD, ILL. — Becovic Holdings Corp. has acquired The Arbors, a 254-unit community in Rockford, about 90 miles west of Chicago. The Arbors was built between 1966 and 1981. Amenities include a fitness room, business center, small community room and package room. The garden-style asset was 98 percent leased at the time of sale. Ralph DePasquale of Berkadia represented the seller in the deal. Both the buyer and seller are based in Illinois.

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East Rutherford
Investment SalesNew JerseyNewsNortheast

Tag Investment Properties Sells New Jersey Portfolio for $94 Million

by Channing Hamilton

NEW JERSEY — Tag Investment Properties has sold a portfolio totaling 519 units throughout Bergen and Hudson counties in New Jersey for $94 million. The properties were constructed between 1920 and 1980. The unit mix includes 61 percent one-bedroom, 35 percent two-bedroom and the remaining units as studios and three-bedroom apartments. Tuli Realty acquired the properties located in East Rutherford, Cliffside Park, Palisades Park, Lyndhurst, Garfield and Jersey City, while Sher Management purchased an asset in Kearny. The portfolio was 97 percent occupied at the time of sale. Cushman & …

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425 E Wellington Ave. in Santa Ana, California
CaliforniaFrom the MagazinesMarket ReportsWestern

Investment Sales Market Shifts in Southern California

by Channing Hamilton

The multifamily real estate market in Southern California, particularly in Orange County, is poised for significant shifts in 2025. The region has rebounded from the volatility of the COVID-19 pandemic but is still navigating regulatory pressures. In positive news, the rejection of Proposition 33 has averted the expansion of statewide rent control, offering a more favorable environment for investors. Amid elevated interest rates and a changing political landscape, the market presents both challenges and opportunities for buyers, sellers and investors alike. If passed, Proposition 33 would have allowed cities and …

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ColoradoDevelopmentNewsWestern

Avanti Residential Launches Development Arm

by Channing Hamilton

DENVER — Avanti Residential, a Denver-based investor and operator, has launched a new development arm to execute round-up multifamily and build-to-rent developments across the U.S. The company appointed Kyle Henderson, who has about two decades of multifamily development experience at firms such as D.R. Horton and Wood Partners, to lead the newly established affiliate. Avanti Residential’s portfolio currently comprises 9,363 units across 40 properties in seven states: Colorado, Kansas, Missouri, Arizona, Florida, Utah and Tennessee.

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1100 Meinhard Road
Build-to-RentDevelopmentGeorgiaNewsSoutheast

Joint Venture to Develop 250-Unit Build-to-Rent Project in Port Wentworth, Georgia

by Channing Hamilton

PORT WENTWORTH, GA. — A joint venture consisting of PCCP and Advenir Azora has purchased 28 acres in Port Wentworth for the development of a 250-unit build-to-rent (BTR) community. The site is located at 1100 Meinhard Road, approximately 10 miles from the Port of Savannah, a major seaport located in Savannah, Georgia. The community will offer one- and two-bedroom duplexes, two-bedroom cottages and two- and three-bedroom townhomes. The average unit size will be 1,081 square feet. Amenities will include a 3,000-square-foot clubhouse and leasing center with a conference room, coffee …

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Investment SalesNewsTexas

TMG Arranges Sale of 52-Unit Complex in Paris, Texas

by Channing Hamilton

PARIS, TEXAS — Dallas-based brokerage firm The Multifamily Group (TMG) has arranged the sale of The Gardens Apartments, a 52-unit community in Paris, roughly 115 miles northeast of Dallas. The asset was built in 1970 and expanded in 2017, and unit interiors were recently upgraded. According to Apartments.com, units come in one-, two- and three-bedroom floor plans. Yonnic Land of TMG represented the seller and procured the buyer in the transaction. Both parties requested anonymity.

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Rosera Wesmont
Leasing & MarketingNew JerseyNewsNortheast

JCMLiving Begins Leasing 295-Unit Complex in Wood-Ridge, New Jersey

by Channing Hamilton

WOOD-RIDGE, N.J. — JCMLiving has begun leasing Rosera Wesmont, a 295-unit community in Wood-Ridge, 15 miles northwest of New York City. Rosera Wesmont offers studio, one-, two- and three-bedroom units. Residents have access to amenities such as a pool with a sundeck and landscaped courtyard; multi-level gym with a yoga studio, sauna and bar; coworking spaces, private offices and meeting rooms; and a sports simulator. The property also features 17,000 square feet of retail space, including 3,000 square feet within the building itself. Minno & Wasko Architects and Planners designed the …

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Riverwood Apartments
Investment SalesMidwestNewsWisconsin

CBRE Brokers Sale of Two Wisconsin Assets for $10.1 Million

by Channing Hamilton

MAUSTON AND RACINE, WIS. — CBRE has arranged the sale of Riverwood Apartments and Biscayne Apartments, two communities totaling 112 units, for $10.1 million. An Iowa-based multifamily investor and developer purchased the assets from an Iowa-based multifamily investor. CBRE’s Max Colby, Sean Beuche, Matson Holbrook, Patrick Gallagher and Gretchen Richards represented the seller. Riverwood Apartments is located in Mauston, 70 miles northwest of Madison, Wisconsin. The property is situated just under two miles from Decorah Lake. Built in 1994, Riverwood Apartments consists of 32 units, which come in one-, two- …

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Berkeley, California
CaliforniaLeasing & MarketingNewsOperationsWestern

RealPage Sues City of Berkeley Over Ban on Rent Pricing Software

by Channing Hamilton

BERKELEY, CALIF. — RealPage has filed a lawsuit against the city of Berkeley, California, over an impending ban on the use of rent pricing algorithms. The firm is seeking a judgment and injunction against the ordinance, which RealPage argues violates the First Amendment right to lawful speech. The company also asserts that the ordinance was adopted based on false claims regarding its revenue management software.  The Berkeley City Council voted to ban rent pricing software on March 25. The ordinance will go into effect on April 24, unless it is …

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