SEATTLE — PrivatePortfolio Group has sold Aperture on Fifth, a 106-unit community in the Denny Triangle neighborhood of Seattle, to Freestone Capital for $32.2 million. Both parties are based in Seattle. Giovanni Napoli, Philip Assouad, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors (IPA) represented the seller and procured the buyer. Aperture on Fifth, built in 2014, is comprised of studios, one- and two-bedroom apartments along with a central atrium courtyard, rooftop deck with a bocce ball court, fitness center, bike storage, package lockers, pet wash area and …
Investment Sales
NEW YORK CITY — CBRE has brokered the $30 million sale of 59 Bogart Street, a 51-unit building located in the East Williamsburg section of Brooklyn. The CBRE team of Robert Shapiro and Ian Brooks represented the seller and procured the buyer in the transaction. The property sits above the Morgan Avenue L train station and includes one-, two- and three-bedroom loft-style units. Amenities include in-building laundry, a lounge, fitness center, bike room, roof deck with a barbecue area and communal outdoor spaces.
RALEIGH, N.C. — Greystar has sold Milo, a 252-unit property at 821 Hanbury Way in West Raleigh to an LLC for an undisclosed sum. John Mikels, John Gavigan, Chase Monroe, William Martin and Mccullough Campbell headed up the JLL team that represented Greystar, the original developer, in the deal. Completed in 2024, Milo consists of eight three-story residential buildings and a leasing and clubhouse building. Units are available in one-, two- and three-bedroom floor plans along with a pool, poolside cabanas, yoga lawn, coworking space, fitness center, cardio and cycle …
SCOTTSDALE, ARIZ. — Rockwell Property Co. has acquired Hayden Park Apartments in Scottsdale for $42 million. The 182-unit community was developed in 1985 and consists of 21 one- and two-story residential buildings including 46 single-story residences. Amenities feature two resort-style pools and two hot tubs, a fitness center, resident lounge with coworking space, barbecue areas and covered parking The seller was not disclosed, but Rockwell stated the asset had been maintained by the same local family ownership since 1999.
LOS ANGELES — Xenon Investments has acquired a 21-unit property in Los Angeles for approximately $8.7 million from Southview Investment Co. Sam Liberow from Marcus & Millichap’s Encino office represented the seller and procured the buyer. Built in 1988, the 25,186-square foot property is situated on about 1 acre at 1345 S. Beverly Glen Blvd. It consists of one- and two-bedroom units. Southview Investment Co. had held the property for approximately the past 30 years.
CHICAGO and ARLINGTON, VA. — AvalonBay Communities and Equity Residential have completed their merger, creating Vivmark Residential, a new real estate investment trust, which began trading on the New York Stock Exchange under the ticker symbol VMRK on Aug. 18. With a portfolio of approximately 184,000 owned apartments and 11,100 units under construction, Vivmark Residential is now the country’s largest multifamily owner, surpassing Greystar. As of Jan. 1, 2026, Greystar ranked as the top U.S. multifamily owner for the third consecutive year with 119,160 units in its portfolio, according to …
JACKSONVILLE, FLA. — Mesa Capital Partners has acquired Satori Town Center in Jacksonville. The seller and sales price were not disclosed. The 289-unit community was built in 2021 by Davis Development. The four‑story, elevator‑served building features a two‑story fitness center, private workspaces, a clubhouse, resort-style pool and deck with grilling stations, a dog park, outdoor game area with hammocks and fire pits, a movie theater, and multiple outdoor gathering spaces. Acquisition financing was arranged by Walker & Dunlop. Pegasus Residential will oversee property management.
CHICAGO — Thesis Investment Group has sold 1515 N. Fremont Street in Chicago’s Lincoln Park neighborhood to Beal Properties for $20.4 million. Marcus & Millichap’s Kyle Stengle represented the seller and procured the buyer. The 98-unit property, built in 2016, includes approximately 4,000 square feet of commercial space and features a lounge, barbecue and picnic areas, indoor bike storage, package lockers and controlled access.
FAIR LAWN, N.J. — CBRE has brokered the sale of Lexington Riverview, a Class A community in Fair Lawn for $14.9 million. CBRE represented the seller while David Ferber with Matthews represented the buyer. Neither party’s name was disclosed. Completed in 2021, Lexington Riverview consists of 43 units. The property is situated along the Passaic River. Amenities include a fitness center, resident lounge and covered parking. The CBRE Institutional Properties team was led by Jeffrey Dunne, Stuart MacKenzie, Eric Apfel, Travis Langer, Eric Greenberg, while Charles Berger represented CBRE Investment …
AUSTIN, TEXAS — Locally based HPI Real Estate Services and Investments has broken ground on The Kent, a 396-unit development in North Austin. The general contractor is OHT Partners, the architect is Belshaw Mulholland Architects, and Ellie Aiello Interiors is the interior designer. Greystar will manage the property. Completion of the seven-story community is slated for mid-2029. HPI is investing approximately $20 million of its own capital in The Kent, alongside a group of private investors. The total project cost was not disclosed.