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Investment Sales

Eight Winds
FloridaInvestment SalesNewsSoutheast

Altis Cardinal Sells 280-Unit Community in St. Augustine, Florida

by Channing Hamilton

ST. AUGUSTINE, FLA. — Altis Cardinal has sold Eight Winds, a 280-unit community located at 50 Wexford Way in St. Augustine, roughly 40 miles south of Jacksonville, Florida. Debartolo Development LLC purchased the asset for an undisclosed price. Cliff Taylor and Joe Ayers of JLL Capital Markets represented Altis Cardinal in the transaction. Eight Winds consists of 297,428 square feet of rentable space. The community offers a mix of one-, two- and three-bedroom units. Residents have access to amenities such as a pool, fitness center, pickleball courts and multiple indoor …

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1244, 1301 and 1325 W Devon
IllinoisInvestment SalesMidwestNews

Kiser Group Brokers Sales of Three Communities in Chicago for $10.5 Million

by Channing Hamilton

CHICAGO — Kiser Group has arranged the sales of three communities located in Chicago’s Edgewater neighborhood for a total of $10.4 million. The assets, which were all constructed in 2016, consist of 25 two- and three-bedroom units with ground-floor commercial space. Andy Friedman and Jake Parker of Kiser brokered the sales. The buildings were originally listed as a portfolio sale, but Kiser decided to split the buildings for individual sale, citing the rise in interest rates at the time of launch. All three buildings sold to new entrants in the …

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Ashton
Investment SalesNewsTexas

Marcus & Millichap Brokers Sale of 152-Unit Asset Near Fort Worth, Texas

by Channing Hamilton

SAGINAW, TEXAS — Marcus & Millichap has arranged the sale of Ashton, a 152-unit property in Saginaw, roughly 8 miles north of Fort Worth, Texas. Ford Braly, Al Silva and Dylan York of Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller, a private out-of-state investor, and procured the buyer, a local operator. Located at 681 N. Saginaw Blvd., Ashton was built in 1984. The community features one- and two-bedroom apartments with patios or balconies, walk-in closets and fireplaces. Tenants have access to amenities such …

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Highline at Knoxville
Build-to-RentInvestment SalesNewsSoutheastTennessee

PPR Capital Management Purchases BTR Community in Knoxville, Tennessee, for $87 Million

by Channing Hamilton

KNOXVILLE, TENN. — PPR Capital Management has purchased Highline at Knoxville, a build-to-rent (BTR) community in Knoxville, for $87 million. The acquisition includes both Phase I and Phase II of the project. Phase I consists of 110 single-family rental (SFR) units, which are currently in lease-up. Phase II, which is slated to be delivered in tranches between 2026 and 2027, will add 151 townhomes and detached SFR homes. BTR Group is the general contractor for the project. Greystar is the property manager. PPR Capital Management partnered with Center Creek Capital …

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Cypress Drive Apartments
FloridaInvestment SalesNewsSoutheast

Marcus & Millichap Brokers Sale of Six-Unit Property in Fort Lauderdale, Florida

by Channing Hamilton

FORT LAUDERDALE, FLA. — Marcus & Millichap has arranged the $1.3 million sale of Cypress Drive Apartments, a two-story apartment building located at 5195 NE 18th Ave. in Fort Lauderdale’s Coral Ridge Isles neighborhood. The property offers six units in a mix of one- and two-bedroom configurations. Amenities include a pool and an on-site laundry facility.  Austin Michels, Brandon Rex and Evan Kristol of Marcus & Millichap’s Fort Lauderdale office represented the undisclosed buyer in the deal. The seller was also not disclosed.

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Villages of Briar Forest
Investment SalesNewsTexas

Lion Real Estate Group Acquires 241-Unit Community in Houston

by Channing Hamilton

HOUSTON — Lion Real Estate Group LLC (Lion), a Dallas-based real estate investment and asset management firm, has acquired the Villages of Briar Forest, a 241-unit community in Houston. Located at 14504 Briar Forest Drive, the property was built in 1999 and underwent a partial renovation by the previous owner. Lion will continue upgrading the units and overall community. Planned renovations include updating units with new quartz counter tops, vinyl plank flooring, backsplashes, cabinetry and lighting packages. The already-renovated units will see minor upgrades, including quartz countertops in the bathrooms …

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Eric Thorsen
Industry VoicesInvestment SalesOperations

Four Ways to Scale Your Portfolio and Four Trends to Watch

by Lynn Peisner

By Eric Thorsen, chief investment officer, Atlas Real Estate The real estate investment landscape is evolving rapidly, and investors who wish to thrive must go beyond simply acquiring properties. Success requires a strategic approach, one that prioritizes efficiency, scalability and operational excellence. The key to sustainable growth in real estate investing lies in developing robust systems that optimize asset performance, streamline operations and enhance the tenant experience. At Atlas Real Estate, we have built a foundation that enables institutional and individual investors to scale their portfolios with precision and maximize …

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The Fenwick
Investment SalesNewsTexas

Joint Venture Acquires 258-Unit Community in Metro Houston

by Channing Hamilton

HUMBLE, TEXAS — A joint venture between Fogelman Properties and Thackeray Partners has acquired The Fenwick, a 258-unit community in Humble, roughly 20 miles north of Houston. Formerly known as Advenir at Eagle Creek, the property offers one-, two- and three-bedroom apartments. Monthly rates start at $1,094. The community is currently 91 percent occupied and will be managed by Fogelman. The new ownership plans to renovate the property with updates to the interior units, amenity areas, clubhouse, dog park and landscaping. 

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5641 W. 103rd St. in Oak Lawn
IllinoisInvestment SalesMidwestNews

Interra Realty Arranges Two Sales Totaling 53 Units in Suburban Chicago

by Channing Hamilton

DOLTON AND OAK LAWN, ILL. — Interra Realty has arranged two sales in suburban Chicago totaling 53 units. A three-building, 41-unit portfolio in Dolton traded hands for $3.2 million. The portfolio was nearly fully leased at the time of the deal. Half of the units have recently undergone full or partial renovations, including new laminate flooring and updated kitchens. Additionally, a 12-unit building located at 5641 W. 103rd St. in Oak Lawn transacted for $1.8 million. The Oak Lawn asset was fully leased at the time of sale. Michael Duckler of …

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Parkview
Investment SalesNewsWashingtonWestern

Nearon Enterprises Buys Parkview in Olympia, Washington

by Channing Hamilton

OLYMPIA, WASH. — Nearon Enterprises has acquired Parkview, a 72-unit property located within the 137-acre Briggs Village master-planned community in Olympia, approximately 60 miles south of Seattle. The Walnut Creek, California-based investment company acquired the asset from its original developer, Amoroso Cos. Completed in 2012, Parkview offers a mix of one-, two- and three-bedroom apartments. The average unit size is 1,036 square feet. Residents have access to shared amenities including bike storage, a fenced dog run, and package lockers. Ryan Harmon, Philip Assouad, Giovanni Napoli, Nick Ruggiero and Anthony Palladino of Institutional …

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