Author

Channing Hamilton

Arnada Pointe in Vancouver, Washington
FinanceInvestment SalesNewsWashingtonWestern

Hamilton Zanze Sponsors Acquisition of 200-Unit Community in Vancouver, Washington

by Channing Hamilton

VANCOUVER, WASH. — Hamilton Zanze has sponsored the purchase of Arnada Pointe, a 200-unit community in Vancouver, situated roughly 11 miles north from Portland, Oregon, on the north bank of the Columbia River. Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed management of the property.  Located at 4820 Hazel Dell Ave., Arnada Pointe offers a mix of one-, two- and three-bedroom apartments. Units range from 700 to 1,188 square feet. Residents have access to amenities such as a clubhouse, outdoor pool, playground, barbecue/picnic areas and a fitness center. …

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Investment SalesNewsTexas

Greysteel Arranges Sale of 77-Unit Dallas Community

by Channing Hamilton

DALLAS — Greysteel has negotiated the sale of Eclipse at Oak Lawn, a 77-unit community located in the Oak Lawn and Medical District neighborhoods of Dallas. Originally completed in 1966, Eclipse at Oak Lawn spans 67,094 square feet. According to Apartments.com, the community offers a mix of one- and two-bedroom units. Sterling Warren of Greysteel represented both the buyer, a local investment group, and the seller in the off-market deal. Neither party’s identity was disclosed. However, the transaction marked the buyer’s first acquisition in the Dallas-Fort Worth market.

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244 E Pearson in Chicago
FinanceIllinoisMidwestNews

Lument Provides $110.8 Million in Financing for Chicago Portfolio

by Channing Hamilton

CHICAGO — Lument has provided $110.8 million in Fannie Mae DUS loans for six-property portfolio in Chicago. The funds will be used to refinance existing bank debt for the sponsor, Chicago-based owner-operator BJB Properties. Roughly half of the units have been set aside as affordable housing for residents earning at or below 80 percent of the area median incme. The six Fannie Mae loans refinanced the following properties: All the loans carry fixed interest rates, 10-year terms and 35-year amortization schedules. Five loans are full-term interest only and one features …

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DevelopmentFinanceNewsNorth CarolinaSoutheast

Millstone Receives Construction Financing for 225-Unit Development in Wilmington, North Carolina

by Channing Hamilton

WILMINGTON, N.C. — Indianapolis-based Millstone has secured construction financing for Venture at Port City, a 225-unit project located three miles south of downtown Wilmington. Slated for completion in spring 2027, the property will consist of three four-story buildings. Apartments will come in one-, two- and three-bedroom floor plans. Amenities will include a pool, gas grilling stations, clubhouse and outdoor cabana with a poolside lawn area. Greysteel worked on behalf of the sponsor to secure the three-year, floating rate loan through a regional bank. Greysteel also arranged an undisclosed amount of …

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The Rushmore in Houston
Affordable HousingDevelopmentFinanceNewsTexas

Housing Trust Group Breaks Ground on $33.8 Million Affordable Housing Project in Houston

by Channing Hamilton

HOUSTON — Housing Trust Group (HTG) has begun construction on The Rushmore, a $33.8 million mixed-income housing project located at 800 Highway 6 South in Houston’s Energy Corridor. The unit mix will include 32 one-bedroom, 50 two-bedroom and 19 three-bedroom units. Monthly rates will range from $532 to $1,875. The Rushmore will offer 16 market-rate apartments, as well as 85 units for residents earning at or below 30, 50 and 60 percent of the area median income. Planned amenities include a pool, community clubroom, workroom, fitness center, game room and …

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Summit Court in Union, New Jersey
Investment SalesNew JerseyNewsNortheast

Inland Acquires Community in Union, New Jersey, for $131.5 Million

by Channing Hamilton

UNION, N.J. — An affiliate of The Inland Real Estate Group of Cos. Inc. has acquired Summit Court, a 393-unit property located at 450 Clermont Terrace in Union, approximately 20 miles southwest of New York City. A joint venture between Fidelco Realty Group and Diversified Properties sold the community for $131.5 million. Built in 2018 and 2023, Summit Court offers a mix of 351 market-rate apartments and 42 affordable housing units. However, income restrictions for the affordable residences were not disclosed. Apartments come in one-, two- and three-bedroom floor plans. The property was …

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Investment SalesMichiganMidwestNews

Marquette, DRA Sell 520-Unit Community in Ann Arbor, Michigan

by Channing Hamilton

ANN ARBOR, MICH. — Marquette Cos. and a fund managed by DRA Advisors have sold The Haven at Ann Arbor, a 520-unit community in Ann Arbor. Abacus Capital Group, a New York-based real estate investment firm, purchased the asset for an undisclosed price. At the time of sale, the community was 95 percent occupied. The Haven at Ann Arbor offers a mix of studio, one- and two-bedroom units ranging from 650 to 1,075 square feet. Community amenities include a clubhouse with resident lounge, three fitness centers, an outdoor pool with …

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Investment SalesNewsTexas

JRK Property Holdings Sells 752-Unit Community in El Paso, Texas

by Channing Hamilton

EL PASO, TEXAS — JRK Property Holdings has sold Retreat at Mesa Hills, a 752-unit asset in El Paso’s Upper West Side neighborhood, to an undisclosed buyer. Retreat at Mesa Hills was developed in phases beginning in 1995. The community offers a mix of one-, two- and three-bedroom floor plans. Units range from 538 to 2,127 square feet. Residents have access to shared amenities such as three pools with a tanning deck and cabanas, a fitness center, two tennis courts, two sand volleyball courts, clubroom, game room, theater and an …

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Jason Tennenbaum, Marquette Cos.
IllinoisMidwestNewsPeople News

Marquette Cos. Appoints New Division Presidents, CFO

by Channing Hamilton

NAPERVILLE, ILL. — Marquette Cos., a developer and property manager based in Naperville, has appointed Trevor Ryan as partner and president. In this role, Ryan will focus on overall organizational strategy and identify new investment opportunities. Additionally, the company selected Jim Cunningham as partner and president of Marquette Management, the property management subsidiary of Marquette Cos. Cunningham will lead the operations side of the business. He will focus on improving customer experience and operational efficiencies, as well as direct the company’s adoption of artificial intelligence. Finally, Jason Tennenbaum joined the …

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Water Tower Apartments in Greenville, South Carolina
Investment SalesNewsSouth CarolinaSoutheast

Hathaway Cos. Buys Community in Greenville, South Carolina, for $45.5 Million

by Channing Hamilton

GREENVILLE, S.C. — Hathaway Cos. has purchased Water Tower Apartments, a 233-unit community located at 1000 Water Tower Circle in Greenville, for $45.4 million. The seller was Urban Realty Partners. JLL Capital Markets represented the seller in the deal and originated an acquisition loan on behalf of the buyer. John Gavigan, John Mikels and Chase Monroe led the JLL Capital Markets investment and sales advisory team. Brad Woolard and Taylor Allison spearheaded the debt advisory team. Built in 2024, Water Tower Apartments offers a mix of studios, one-, two- and …

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