Investment Sales

Alderwood-Ukiah
CaliforniaInvestment SalesNewsWestern

Northmarq Arranges $23.5M Northern California Sale

by Lynn Peisner

UKIAH, CALIF. — Northmarq has brokered the $23.5 million sale of a two-property portfolio in Ukiah, 115 miles north of San Francisco. The properties are Sierra Sunset Village (68 units) and Alderwood Apartments (53 units). Zach LeBeouf and Anthony Pappageorge led Northmarq’s Walnut Creek Investment Sales team, which represented the seller, Capital Investors LLC. The name of the buyer was not disclosed. Sierra Sunset Village features predominantly two-bedroom apartments and a pool, fitness center and outdoor picnic area. Alderwood Apartments offers a mix of two- and three-bedroom units along with …

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ACP-Wilton
Build-to-RentInvestment SalesNew YorkNewsNortheast

ACP Arranges Sale of Ridgeview Townhomes & Apartments in New York’s Capital Region

by Lynn Peisner

WILTON, N.Y. — Adirondack Capital Partners (ACP) has arranged the sale of Ridgeview Townhomes & Apartments, a 96-unit community in Wilton. Michael Hunter Coghill, Brittany Feinberg, Chad Sinsheimer and Jacob Brenner of ACP represented the seller, an LLC, and procured the buyer, Yakar Partners. A sales price was not disclosed. The property, built in 2014 on approximately 9 acres, includes a mix of apartment and townhome residences as well as five ground-floor commercial spaces. Units feature attached garages and private entrances.

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East-Howe-Steps-Seattle
Investment SalesNewsWashingtonWestern

IPA Arranges $35.1M Sale of East Howe Steps in Seattle

by Lynn Peisner

SEATTLE — Bender Equities has sold East Howe Steps in Seattle’s Eastlake neighborhood for approximately $35.1 million. The buyer was Sequel Investment Co. and Evergreen Gavekal. Institutional Property Advisors’ Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and Anthony Palladino represented Bender. Brian Eisendrath, Cameron Chalfant, Jake Vitta, Ray Allen and Tyler Johnson of IPA Capital Markets arranged acquisition financing. Completed in 2016, East Howe Steps is a two-building, four-story property with a rooftop deck, landscaped courtyards, a fitness center, controlled access parking, bike storage and on-site paddleboard and kayak …

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51-South-White-Plains
Investment SalesNew YorkNewsNortheast

RMS Cos. Sells 51 South in White Plains for $64.3M

by Lynn Peisner

WHITE PLAINS, N.Y. — RMS Cos. has sold 51 South Apartments in White Plains to Los Angeles-based CIM Group for $64.3 million. CBRE’s Jeffrey Dunne, Stuart MacKenzie, Eric Apfel, Travis Langer and Eric Greenberg represented RMS, the Stamford, Connecticut-based original developer, in the transaction. Completed in 2025, 51 South is comprised of 134 units along with a resort-style pool with cabanas, indoor and outdoor lounges, a fitness center with spin and yoga studios, billiards, shuffleboard and coworking areas.

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Lakeside-at-La-Frontera-Austin
Investment SalesNewsTexas

Knightvest Capital Buys Three-Property Portfolio in Northwest Austin

by Lynn Peisner

AUSTIN, TEXAS — San Antonio-based Lynd has sold a three-property portfolio in Northwest Austin to Dallas-based Knightvest Capital for an undisclosed sum. Newmark’s Patton Jones and Andrew Dickson represented Lynd, and Newmark’s Tip Strickland and David Schwarz arranged acquisition financing on behalf of Knightvest. The portfolio, known collectively as The Silicon Hills Trio, is comprised of The Enclave at La Frontera (411 units), Lakeside at La Frontera (366 units) and Legends Lake Creek (250 units). Built between 2001 and 2004, the portfolio features an average unit size of approximately 936 …

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Fox-Run-St-Charles
IllinoisInvestment SalesMidwestNews

Eastham Capital, Bender Cos. Acquire Fox Run in Chicago Suburb for $32.4M

by Lynn Peisner

ST. CHARLES, ILL. — Eastham Capital, along with operating partner Bender Cos., has acquired Fox Run Apartments, a 220-unit property in St. Charles, 40 miles west of Chicago. Birmingham, Michigan-based real estate investment firm M Group, in partnership with Chicago-based RUME Capital, sold the asset for approximately $32.4 million. Fox Run Apartments was built in 1973 and is a four-building community made up of one-, two- and three-bedroom units along with a pool, picnic and grilling areas, package lockers, laundry facilities and off-street parking. Monthly asking rents currently average $1,703, …

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Zia-Anaheim
CaliforniaInvestment SalesNewsWestern

MBK Rental Living, Haseko Sell Zia in Anaheim

by Lynn Peisner

ANAHEIM, CALIF. — MBK Rental Living and development partner Haseko Corp. have sold Zia, a 315-unit community in Anaheim that opened in September 2024, for an undisclosed price. The buyer was an unnamed institutional investor. Zia is a five-story community with studios and one-, two- and three-bedroom residences along with a 24-hour fitness center, pool with grill and bar areas, a dog park and spa, coworking spaces that include conference rooms, courtyards and a game lounge with a race car simulator.

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Dry-Creek-Ranch-Texas
Investment SalesNewsTexas

IPA Arranges Sale of Dry Creek Ranch in Metro Dallas-Fort Worth

by Lynn Peisner

NORTHLAKE, TEXAS — Institutional Property Advisors (IPA) has arranged the sale of Dry Creek Ranch, a 456-unit property in Northlake, a northern suburb of the Dallas-Fort Worth metro area. IPA’s Drew Kile, Taylor Hill, Joey Tumminello, Michael Ware and Shelby Vosburg represented the seller, Western Securities, a Canadian real estate holding company, and procured the buyer, Denver-based Bow River Capital. Completed in two phases in 2007 and 2014, Dry Creek Ranch is a controlled-access, three-story, garden-style property with a pool, playground, basketball court, on-site laundry facility, business center and car …

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Cudahy-Commons-Wisconsin
Investment SalesMidwestNewsWisconsin

Peak Capital Acquires Cudahy Commons in Metro Milwaukee for $18.1M

by Lynn Peisner

CUDAHY WIS. — Greysteel has arranged the $18.1 million sale of Cudahy Commons, a 142-unit property at 2810 E. Edgerton Ave. in Cudahy, 7 miles south of Milwaukee. Greysteel represented the seller, an unnamed private investor. Peak Capital acquired the asset. Greysteel’s team was comprised of BJ Connolly, Doug Banerjee and Ryan Carter. Amenities include a pool, fitness center, clubhouse and dog park. According to Apartments.com, the community offers one- and two-bedroom units and was developed in 1978.

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Portofino-Place-Apartments-WPB
FloridaInvestment SalesNewsSoutheast

Fairfield Acquires 812-Unit Portofino in West Palm for $208M

by Lynn Peisner

WEST PALM BEACH, FLA. — San Diego-based Fairfield Residential has acquired the 812-unit Portofino Place in West Palm Beach. The asset sold for $208 million, and the seller was Atlanta-based Cortland Partners, according to the South Florida Business Journal. Located at 4400 and 4600 Portofino Way, the property is comprised of one-, two- and three-bedroom apartments as well as two-story lofts and four resort-style pools. Additional amenities include a 24-hour fitness center, yoga studio, pickleball and tennis courts, indoor basketball court, coworking space, dog park, guest suite accommodations and multiple social …

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