Investment Sales

Tishman Speyer Nashville

NASHVILLE, TENN. — Tishman Speyer has acquired 2010 West End Avenue for $112 million. The 25-story, 358-unit property was developed by CA Ventures in 2021 in the Midtown area of Nashville, within walking distance to Vanderbilt University. Tishman Speyer’s acquisition was financed in part by a $67.2 million loan from Corebridge. 2010 West End Avenue includes 6,000 square feet of ground-floor retail. Units are offered as studios, one- or two-bedroom floor plans. A rooftop pool, hot tub, a fitness center and dog run are among the amenities. The asset is …

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3541-3535 Big Dalton Ave.

BALDWIN PARK, CALIF. — Big Dalton LLC has acquired a 24-unit property located at 3541-3545 Big Dalton Ave. in Baldwin Park, about 17 miles east of Los Angeles. HP Big Dalton sold the asset for $6.3 million. Eric Chen and Justino Fa’aola of CBRE represented the buyer and seller in the deal. The community features two-bedroom residences, with roughly 50 percent of units designated as single-story bungalows. Units feature quartz countertops, vinyl and carpeted flooring, wall-mounted AC units, select kitchen appliances, in-unit washer and dryer and private or shared patios.

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HAMPTON, N.H. — Seabrook Real Estate Partners has purchased Appleton Oaks, a 113-unit complex in Hampton, situated near the Maine-New Hampshire border, for $31.5 million. The two-building complex was constructed in phases between 2004 and 2005. Units come in one- and two-bedroom configurations, according to the property website. David Berman, James Stubblebine, David Stubblebine and Zack Hardy of The Stubblebine Co. represented the undisclosed seller in the transaction and procured the buyer.

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The investment sales panel at Interface Affordable Housing Southeast

ATLANTA — Affordable housing is facing a tumultuous second half of the year. Tariffs on building materials such as lumber, steel and aluminum are slowing development activity as they elevate construction costs. Investment sales are also likely to be impacted by unstable economic conditions in the affordable housing sector, where many transactions are conducted within a limited budget due to the nature of income restrictions for renters. Amid high costs and trade uncertainty, many investors are making the decision to stay on the sidelines or invest in markets with more …

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Amberleigh Apartments

FAIRFAX, VA. — Berkadia has arranged $129 million for the refinancing of Amberleigh Apartments, a 752-unit community in Fairfax, roughly 20 miles west of Washington, D.C. Patrick McGlohn, Brian Gould, Miles Drinkwalter and Natalie Hershey of Berkadia arranged the financing on behalf of the locally based borrower, Redbrick LMD. The financing consisted of a $113.8 million Freddie Mac loan and a $15.6 million preferred equity investment from an undisclosed source. Amberleigh Apartments features one-, two- and three-bedroom floor plans ranging from 861 square feet to 1,523 square feet, according to …

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Riverwood Apartments

MAUSTON AND RACINE, WIS. — CBRE has arranged the sale of Riverwood Apartments and Biscayne Apartments, two multifamily properties totaling 112 units in Mauston and Racine, for $10.1 million. An Iowa-based multifamily investor and developer purchased the assets from an Iowa-based multifamily investor. CBRE’s Max Colby, Sean Beuche, Matson Holbrook, Patrick Gallagher and Gretchen Richards represented the seller. Riverwood Apartments is proximate to I-90 and minutes away from Decorah Lake. Built in 1994, the 32-unit property features a mix of one-, two- and three-bedroom floor plans. Biscayne Apartments is located …

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Unnamed community

WESTAMPTON, N.J. — JLL Capital Markets has arranged $50 million in financing for a 275-unit community in Westampton. The unnamed community is situated roughly 25 miles east of downtown Philadelphia. Michael Klein and Gerard Quinn of JLL Capital Markets worked on behalf of the undisclosed borrower to secure the five-year, fixed-rate loan. An undisclosed life insurance company provided the financing. 

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MARION, ILL. — A division of Woodland Rental Properties LLC, managed by Heartland Realty & Rentals Inc., has acquired 22 recently built apartments situated near downtown Marion, a city located roughly 120 miles southeast of St. Louis, Missouri. The company states that the deal is part of a larger strategic investment. Roman Basi and Jason Powell represented Heartland on an internal basis. The units will be available for leasing as they come online.

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Ocotillo Bay

CHANDLER, ARIZ. — New York-based TGM has acquired Ocotillo Bay, a 296-unit community in Chandler, roughly 25 miles southeast of Phoenix. An undisclosed national fund manager sold the asset for $90.5 million.  Built in 1997, Ocotillo Bay offers features two pool areas with cabanas and barbecues; an outdoor lounge area with a bocce ball court, fireplace, barbecue and covered seating area; resident clubhouse with business center and TV seating area; and fitness center with weight training and cardio equipment, as well as a separate yoga/spin room. Asher Gunter, Matt Pesch, Sean …

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Westmount Realty Capital

ARLINGTON, TEXAS — Dallas-based investment firm Westmount Realty Capital has sold a 164-unit complex in Arlington. Westmount at Forest Oaks was built on 7.4 acres in 1980. The garden-style property offers one- and two-bedroom apartments with an average size of 736 square feet. Amenities include a pool, playground and fitness center. Westmount bought the property in 2016 and undertook renovations. William Hubbard, Michael Ware, Taylor Hill, Drew Kile and Joey Tumminello of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented Westmount Realty Capital in the transaction. The …

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