Investment Sales

The-Arbors-at-Brighton-Park-Bloomfield

BLOOMFIELD, CONN. — Institutional Property Advisors (IPA) has arranged the sale of The Arbors at Brighton Park, a 132-unit community in Bloomfield, about six miles northwest of Hartford, Connecticut. IPA’s Victor Nolletti, Eric Pentore and Wes Klockner, represented the seller, Paredim Communities, and procured the buyer, Beachwold Residential LLC. The Arbors at Brighton Park was completed in 2017 and features controlled access, a clubhouse with a coffee bar, grills and verandas. The unit mix includes one-, two- and three-bedroom floor plans, all of which have full-size washers and dryers, walk-in …

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san-juan-del-centro-boulder-Colo

BOULDER — New York City-based investment firm Jonathan Rose Cos. has acquired San Juan del Centro Apartments in Boulder from Related Cos. for $56 million. Jeff Irish and Jordan Skyles from Berkadia Real Estate Advisors arranged the sale of the Section 8 and LIHTC property. Berkadia also provided an acquisition loan. Additionally, the capital stack included equity from the $660 million Rose Affordable Housing Preservation Fund VI. San Juan del Centro’s 150 units are reserved for families earning at or below 60 percent of area median income. Jonathan Rose Cos. …

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TLC-Buford

ATLANTA — Walker & Dunlop has arranged $352 million for the total acquisition financing and sale of Town Laurel Crossing and Manor Barrett, two communities in the Atlanta metro area that were developed in 2024 by Related Group. The 360-unit Town Laurel Crossing, which was rebranded as Timberline View following the acquisition, is located in Buford, 38 miles northeast of Atlanta. Manor Barrett, now known as The Row at Barrett, is a 347-unit community in Kennesaw, 29 miles northwest of Atlanta. Walker & Dunlop’s team that arranged the sales of …

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Residences-on-16th-Naples

NAPLES, FLA. — Sharp Key Capital has acquired Residences on 16th in Naples from Opus Reserve LLC for $12.5 million. Marcus & Millichap’s Sam Ferguson, Ned Roberts and Jason Hague represented Opus in the transaction. Residences on 16th is located at 5194 16th Place Southwest on a 5-acre site comprising 16 two-story buildings. The 63-unit community offers primarily two-bedroom apartments, with one three-bedroom unit and one studio. Recent capital improvements include kitchen and bathroom upgrades in most of the units and a new roof that was installed in 2019.

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Montecito-Houston

HOUSTON — Blue Atlantic Partners, an affiliate of Atlantic Pacific Cos., has acquired Montecito Apartments in Houston’s Uptown-Galleria neighborhood. The 299-unit property offers a mix of one-, two- and three-bedroom floor plans ranging from 669 to 2,091 square feet. The community’s amenities include a pool, fitness center, clubhouse and a multi-level parking garage. The new owner will manage the property and also is planning a multi-million-dollar renovation including interior upgrades with quartz countertops, amenity enhancements and exterior improvements. With this purchase, Atlantic Pacific’s Texas portfolio consists of 33 properties, totaling …

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Glenbrooke-Sarasota

SARASOTA, FLA. — Trinity Property Group has acquired Glenbrooke Apartments in Sarasota for $10.8 million. The seller was an entity doing business as RGMD LLC. Franklin Street arranged the sale, representing the buyer in the transaction. The 40-unit property was built in 1994. Trinity is planning interior renovations for about half the property as well as upgrading amenities and curb-appeal details during its hold period. The property features a pool, gazebo and a clubhouse.

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University-Village-Azusa

AZUSA, CALIF. — Legacy Partners and PGIM have acquired University Village in Azusa, about 20 miles east of downtown Los Angeles, for $92 million. The 320-unit property sits directly across the street from Azusa Pacific University, which was the seller and had formerly been using the community as a residence hall for students. Mesa West Capital provided a $68.5 million loan to buy the property and finance the conversion of the asset from student housing into a traditional multifamily community, which will include a light value-add program. The new owners …

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The-Jax-San-Antonio

SAN ANTONIO — Locally based Kairoi Residential has acquired The Jax in Northwest San Antonio. JLL’s Robert Arzola, Robert Wooten and Ryan McBride represented the undisclosed seller. Built in 1997, The Jax is comprised of 322 units set on a 19-acre site at 12222 Vance Jackson Road. Floor plans are offered as one-, two- or three-bedrooms. Amenities include a pool, clubhouse, a 24-hour fitness center, a business center, dog park, playground and a package-receiving area.

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Christopher-Village-Ogden-Utah

OGDEN, UTAH — Institutional Property Advisors (IPA) has arranged the sale of Christopher Village, a 114-unit property in Ogden. The buyer was Highland Partners, and the seller and sales price were not disclosed. Christopher Village was built in 1962 and features a resort-style pool, a laundry facility and reserved covered parking. Apartments have fireplaces, storage space, dishwashers and air conditioning. IPA’s Danny Shin and Brock Zylstra represented the seller.

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The-Hemlock-Seattle

SEATTLE — Locally based Security Properties has acquired a five-property, 903-unit Seattle portfolio from Washington Holdings for $400.8 million. The sale includes Liza Eastlake, The Hemlock, The Hayes on Stone Way, Carter on the Park and Heron Flats & Lofts. Eastdil Secured represented Washington Holdings in the transaction. According to the parties to the transaction, the portfolio sale marks the largest dollar-figure trade in the region to date this year. Security Properties is seeking additional investments in Denver, Nashville, Tennessee, and the San Francisco Bay area.

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