Author

Channing Hamilton

An undisclosed Fargo community

FARGO, N.D. — Cushman & Wakefield has negotiated the sale of a portfolio of 601 build-to-rent (BTR) units located throughout the Fargo metropolitan area in the bordering states of North Dakota and Minnesota. The recently developed homes come in three-, four- and five-bedroom floor plans and are 7.2 years old on average. Meridian Mortgage LLC sold the portfolio to an affiliate of Christianson Cos. for an undisclosed price. Kevin Phelan, Pat Knowlton and Jeff Dimmen of Cushman & Wakefield, along with Jennifer Stein Real Estate Inc., represented the seller in …

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DALLAS — JPI, a developer and builder based in Dallas, has hired Jay Parsons as economic advisor. Parsons will advise the company on economic trends and market dynamics. He will serve in a part-time role. Parsons has held executive and senior leadership roles at Madera Residential and RealPage. He also serves on the board of advisors for Apartment Life, a faith-based non-profit organization that offers community building programs.

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ATLANTA — SJC Ventures, an Atlanta-based mixed-use, retail and multifamily development firm, has appointed Natalie Battisti as vice president of leasing. In his role, she will oversee all leasing operations for the company. Most recently, Battisti served as the Southeast vice president of leasing at Jamestown Properties. She received a bachelor’s degree in real estate and finance from Florida State University.

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Residences at The Streets of St. Charles

CONSHOHOCKEN, PA. — Morgan Properties has acquired a portfolio of 3,054 apartments across 11 communities in eight states. Chicago-based Trilogy Real Estate Group was the seller in the deal, which was valued at $501 million. The assets — which are located in Illinois, Indiana, Kentucky, Michigan, Missouri, Ohio, Oklahoma and Tennessee — were built between 1989 and 2018. Newmark brokered the sale of 10 of the communities in the portfolio, while Walker & Dunlop brokered the sale of one property. Morgan Properties states that the firm plans to implement a …

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Jonathan Treble

By Jonathan Treble, founder and CEO, WithMe Inc. Amenities shape the daily lives of a property’s residents. They are not simply marketing tools or leasing incentives, but a crucial component of what makes an apartment community feel like a home. However, not all amenities hold their value. For example, a luxury golf simulator can cost anywhere from $25,000 to $150,000 to install. A rock climbing wall runs between $30 and $40 per square foot, meaning a 1,000-square-foot wall could total $30,000 to $40,000. Rooftop lounges and theater rooms can push costs even higher with maintenance …

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DALLAS — South Florida-based Sunrise Realty Trust has provided $46.5 million in financing for The Boheme, a 352-unit building in Dallas. The Boheme is an eight-story building in the Bishop Arts District that was completed in 2023. San Antonio-based Kairoi Residential owns the community. The financing is part of a $62 million senior loan that the borrower will use to refinance the property. Apartments come in studio, one- and two-bedroom floor plans, according to Apartments.com. Shared amenities include a rooftop pool, coworking lounge with private meeting rooms, courtyards and a …

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2512-2518 England St.

HUNTINGTON BEACH, CALIF. — CBRE has arranged the sale of a 14-unit property at 2512-2518 England St. in Huntington Beach, about 40 miles southeast of Los Angeles. The 14,518-square-foot property was built in 1977 and renovated in 2022. The community offers a mix of one-, two- and three-bedroom units. The majority of units are townhome-style residences. The property sits on a 0.43-acre parcel. Dan Blackwell and Mike O’Neill of CBRE represented both the buyer and the seller in the deal. The buyer was a 1031 exchange investor based in Orange …

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Jeff Furman

RALEIGH, N.C. — Aventon Cos., a Raleigh-based developer and general contractor, has hired Jeff Furman to the role of senior managing director. Furman will work to acquire new sites to develop new suburban apartment communities while managing existing developments. He will concentrate on the Raleigh-Durham and Charlotte metropolitan areas. Prior to joining Aventon Cos., Furman was a developer partner and the director of Raleigh operations at Northwood Ravin. He has also served as director of development for Crosland LLC. Furman graduated from the University of Texas at Austin with a Master of Science …

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NEW YORK CITY — A&E Real Estate has acquired Rivers Bend, a 22-story apartment building located on Manhattan’s Upper East Side, for $116.5 million. Jack Brick of S. Charatan Realty represented the seller, locally based investment firm Soloviev Group, in the transaction. The building, which was originally built in 1963, rises 22 stories at 501 E. 87th St. The property is doorman- and elevator-served. Select units feature private balconies or patios, and tenants have access to amenities such as a rooftop terrace with an enclosed pool and a fitness center. 

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Slate

SPRINGDALE, OHIO — Milhaus has partnered with Parse Capital to break ground on Slate, a 306-unit project in Springdale, approximately 19 miles north of Cincinnati. Located at 505 W. Crescentville Road, Slate will offer 216 garden-style apartments and 90 townhomes across 22 buildings. Planned amenities include a resident lounge, pool, coffee bar, fitness center and bark park. First Financial Bank is providing financing for the development, which is slated for completion in the spring of 2026.

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