Author

Channing Hamilton

Joint Venture Sells 26-Story Rafter Apartments in Minneapolis

by Channing Hamilton February 17, 2025

MINNEAPOLIS — A joint venture consisting of Mortenson, The Excelsior Group and an institutional partner has sold Rafter Apartments, a 26-story high-rise community located at 333 East Hennepin Ave. in the Northeast neighborhood of Minneapolis. Boise, Idaho-based developer and operator Roundhouse acquired the property for an undisclosed price. Completed in 2019, Rafter Apartments offers a mix of studios, one-, two- and three-bedroom units. Amenities include a rooftop pool with a sundeck, fitness center, clubroom, coworking spaces. The property also features a maker’s room with work benches, community tools and tool …

February 17, 2025

Affordable Housing California Finance News Western

Partnership Receives $108.3 Million Loan for Recapitalization of Mixed-Income Asset in San Francisco

by Channing Hamilton February 17, 2025

SAN FRANCISCO — Presidio Bay Ventures and American Realty Advisors have secured a $108.3 million loan for the recapitalization of Ventana Residences, a 193-unit community in San Francisco. Ventana Residences was built in 2023. According to the property website, the community offers studio, one-, two- and three-bedroom floor plans. Residents have access to amenities such as two roof deck lounges, a coworking hub with work-from-home spaces and conference rooms, indoor-outdoor fitness center, children’s playground, pet park, electric vehicle chargers, Wi-Fi connectivity and a package room. Gantry brokered the recapitalization, which …

February 17, 2025

Rocklyn at Samuels Ave. in Fort Worth, Texas

Investment Sales News Texas

EPH Properties Buys 274-Unit Community in Fort Worth, Texas

by Channing Hamilton February 17, 2025

FORT WORTH, TEXAS — EPH Properties has purchased Rocklyn at Samuels Ave., a 274-unit community in Fort Worth, from Carleton Cos. Built in 2018, the property offers studio, one-, two- and three-bedroom units with an average size of 885 square feet. Amenities include a pool, entertainment room, dog park, fitness center and outdoor grilling and dining stations. Drew Kile, Taylor Hill, Joey Tumminello, Michael Ware and Shelby Clark of Institutional Property Advisors, a division of Marcus & Millichap, represented the Dallas-based seller and procured the buyer in the transaction. The …

February 17, 2025

Company News News Northeast Pennsylvania People News

Pennrose Appoints Timothy Henkel as CEO, Charlie Adams as President

by Channing Hamilton February 14, 2025

PHILADELPHIA — Pennrose, a Philadelphia-based developer and operator of affordable and mixed-income housing, has appointed Timothy Henkel as CEO. Henkel, who formerly served as president, will oversee the company’s development and property management activities across 17 states, the District of Columbia and the Caribbean. As part of the succession plan, Executive Chairman of the Board Richard Barnhart and CEO Mark Dambly have transitioned from day-to-day responsibilities with the organization to active members of the Pennrose board. Additionally, Pennrose has named Charlie Adams as president of development. In this role, Adams will …

February 14, 2025

Liberty Square Flats in Wheaton, Illinois

Illinois Investment Sales Midwest News

Interra Realty Brokers Two Deals in Wheaton, Illinois, Totaling $15.4 Million

by Channing Hamilton February 14, 2025

WHEATON, ILL. — Interra Realty has brokered the sale of two Liberty Square Flats buildings in Wheaton, 30 miles west of Chicago. Liberty Square Flats totals 18 units and traded for $8.4 million, while the 44-unit Lorraine Court Apartments sold for $7 million. Situated at 302 W. Liberty Drive, Liberty Square Flats was built in 2024. Amenities include a rooftop deck, dog washing station, outdoor patio, storage closets, heated garage parking, electric vehicle chargers, surface parking and keyless access. Lorraine Court Apartments, located on South Lorraine Road, was built in …

February 14, 2025

Investment Sales News Texas

Institutional Property Advisors Brokers Sale of 384-Unit Houston Asset

by Channing Hamilton February 14, 2025

HOUSTON — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of The Park at San Marino, a 384-unit community in Houston. Built in 1984 in 13 acres, the property features amenities such as multiple pools, laundry facilities, a gym and monthly planned social activities. The average unit size is 852 square feet. TPCG Park at San Marino LLC purchased the community from Woodbridge Crossing Property Holdings II LLC for an undisclosed price. Greg Austin, Travis Austin, Will Balthrope of IPA and Kyle Devillier of Marcus …

February 14, 2025

Rancho Vista Apartments in Ontario, California

California Investment Sales News Western

Convenient Holdings Buys Property in Ontario, California, for $46.3 Million

by Channing Hamilton February 14, 2025

ONTARIO, CALIF. — Convenient Holdings has acquired Rancho Vista Apartments, a 125-unit community in Ontario, roughly 40 miles east of Los Angeles. Clear Capital sold the asset for $46.3 million. Built in 1984, Rancho Vista Apartments features two- and three-bedroom floor plans. The average unit size is 1,022 square feet. Amenities include a pool, cardio and weight training center, picnic area with barbeque grills, gated access and on-site maintenance. Alexander Garcia, Kyle Pinkalla, Chris Zorbas, Kevin Green, Joseph Grabiec and Gregory Harris of Institutional Property Advisors, a division of Marcus …

February 14, 2025

Development Georgia News Southeast

Middle Street, AECOM-Canyon Nearing Completion on Two-Tower Midtown Atlanta Project

by Channing Hamilton February 14, 2025

ATLANTA — A joint venture between developers Middle Street Partners and AECOM-Canyon Partners is underway on The Juniper and The Reserve at Juniper, a two-tower multifamily project totaling 487 apartment units. The development is located at 1081 Juniper St., a block from Piedmont Park in Midtown Atlanta. The Juniper will feature 320 units across 37 stories. The top floor will be dedicated to amenity space, including coworking suites, a fitness center and a hot yoga studio. Adjacent to The Juniper, The Reserve at Juniper will comprise 167 apartments across 34 …

February 14, 2025

Colorado Finance News Western

Brikwell Secures $7.5 Million Loan for Refinancing of House Apartments in Eagle, Colorado

by Channing Hamilton February 13, 2025

EAGLE, COLO. — Brikwell has received a $7.5 million loan for the refinancing of House Apartments, a 54-unit property located at 85 Pond Road in Eagle, about 30 miles west of Vail, Colorado. Tony Nargi of JLL Capital Markets negotiated the 10-year, fixed-rate loan through Freddie Mac. JLL Real Estate Capital LLC, a Freddie Mac Optigo Lender, will service the loan. Completed in 1998 on 4.8 acres, House Apartments totals 27,838 rentable square feet. The elevator-served building rises three stories. Residents have access to amenities such as a laundry facility, community kitchen and work-from-home …

February 13, 2025

Development Midwest News Ohio

Continental, Hallmark Deliver Colony Lofts in Toledo, Ohio

by Channing Hamilton February 13, 2025

TOLEDO, OHIO — Continental Real Estate Cos. and Hallmark Communities have completed development of Colony Lofts, a 262-unit community in Toledo. Colony Lofts offers amenities such as a pool, grilling stations, fitness center, business center, clubhouse and coffee bar. The property also includes retail spaces, electric vehicle charging stations and an outpost of Central Ohio restaurant chain The Old Bag of Nails Pub. Monthly rents start at $964 for a studio unit, according to the property’s website. Coastal Ridge is the property manager.

February 13, 2025

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