SEATTLE — Goodman Real Estate has sold two metro Seattle properties for a combined total of $172 million. CBRE’s Eli Hanacek, Kyle Yamamoto and Natalie Kasper represented the Seattle-based seller in both transactions. Each property was developed in 2024 and sold to undisclosed buyers. CRU at Willows 124 in Redmond traded for $94 million. The 195-unit, six-story building sits on 1.6 acres within a master-planned community adjacent to Willows Run Golf Club. It includes 22,998 square feet of fully leased commercial space across three suites. The property features a mix …
Investment Sales
PFLUGERVILLE, TEXAS — Haven Housing has acquired Wells Park Apartments, a 264-unit garden-style community in the Austin suburb of Pflugerville. The seller and sales price were not disclosed. Haven Housing is the affordable and multifamily housing division of Los Angeles-based BH Properties, which launched in 2025. Walker & Dunlop’s Kevin Dufour, Matt Pohl, Spencer Roy and Forrest Bass represented Haven in the deal. Located at 15001 Strathaven Pass and built in 2018, Wells Park is comprised of one-, two- and three-bedroom units as well as a resort-style pool, fitness center …
PEMBROKE PINES, FLA. — Chicago-based Waterton has acquired The Landings at Pembroke Lakes, a 358-unit property in Pembroke Pines, 20 miles southwest of Fort Lauderdale. The South Florida Business Journal reports that Coral Gables, Florida-based Bar Invest Group sold the asset for approximately $80.5 million. The 27-acre community is built around a 45-acre lake and features green spaces, outdoor amenities and lakefront beaches. The Landings at Pembroke Lake was developed in 1989 and includes one- and two-bedroom units with screened-in patios or balconies. Waterton is planning to upgrade unit appliances, …
SEATTLE — CBRE has arranged the sale of The Q, an 87-unit community at 1321 Queen Anne Ave. N. in Seattle’s Queen Anne neighborhood. Kite Partners bought the asset from Acme Realty for $24.1 million. CBRE’s Mark Zoffel, Peter Wright, Reed Hunter and Spencer Clark represented Acme in the transaction. James Bach and Nick DaValle of CBRE’s debt and structured finance team arranged the loan assumption. The Q features studio, one and two-bedroom units and includes a rooftop deck, a fitness center and pet amenities. The building is about 1 …
American Landmark Apartments Buys Two Jacksonville Properties, Rebrands as One Community
JACKSONVILLE, FLA. — American Landmark Apartments, a Tampa, Florida-based private equity-backed multifamily investment manager and owner-operator, has acquired two properties in Jacksonville for an undisclosed price. Mirador Apartments at River City and Stovall Apartments at River City, two adjacent communities totaling 552 units were acquired from Revantage, according to the Jacksonville Business Journal, which also reports the assets were acquired in 2017 for $36 million. The properties will be rebranded as Levi at River City. The communities were developed in 2007 and offer a mix of one-, two- and three-bedroom …
BOILING SPRINGS, S.C. — Nebraska-based Momentum Housing has sold Villas at Lawson Creek in Boiling Springs, 8 miles northwest of Spartanburg, to Charleston, South Carolina-based Matheson Capital for an undisclosed sum. Berkadia represented the seller in the transaction. Located at 9159 Asheville Highway, Villas at Lawson Creek is a 202-unit garden-style community built in 2009. The property offers one-, two- and three-bedroom units and amenties that include a pool, fitness center, grilling and picnic areas, laundry facilities, a car care center, a movie lounge and storage units.
GAITHERSBURG, MD. — RailField Partners has acquired Elme Watkins Mill, a 210-unit garden-style community in the Washington, D.C., suburb of Gaithersburg, from Elme Communities (NYSE: ELME). The property was purchased by RailField’s RG Value Add Fund, a joint venture with GCM Grosvenor (Nasdaq: GCMG), whose real estate business encompasses about $7 billion across 2,200 properties. The transaction comes as Elme Communities continues to wind down its portfolio under a shareholder-approved plan of sale and liquidation. Elme Watkins Mill was among the remaining assets. The REIT has announced it will sell …
LIVERMORE, CALIF. — Locally based Virtu Investments has sold Briarwood Apartments in Livermore, 44 miles west of San Francisco. The asset sold for $19.8 million. Marcus & Millichap represented Virtu, arranged a $13.3 million acquisition loan and procured the unnamed buyer. The transaction was one in a three-property portfolio trade. Briarwood Apartments is comprised of 64 units and was built in 1961.
SEATTLE — The Seattle Social Housing Developer (SSHD) has acquired its first multifamily property since city voters approved the creation of the independent public development authority in 2023. Spartanburg, South Carolina-based Johnson Development Associates sold Elara at the Market to SSHD for $60.9 million. Kidder Mathews arranged the sale. The 150-unit property, which Johnson Development Associates built in 2017, is half a mile northwest of Pike Place Market. In 2023, Seattle city residents voted on Initiative 135, a local citizen-led ballot measure that officially chartered SSHD. In 2025, city voters …
KENOSHA, WIS. — CBRE has arranged the $7.1 million sale of Bayside Townhomes, a 32-unit community in Kenosha. Campbell Creek Communities LLC was the buyer, and Bayside Townhomes LLC was the seller. CBRE’s Matson Holbrook, Gretchen Richards and Sean Beuche represented the seller in the transaction. Bayside Townhomes is located at 1523 Sheridan Road. The property features three-bedroom floor plans averaging 1,500 square feet. Unit amenities include private entrances, attached garages, patios and balconies and in-unit washers and dryers. The property was 100 percent occupied at the time of sale. …