Investment Sales

Dry-Creek-Ranch-Texas

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

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

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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Cascade-Apartments-Rochester

ROCHESTER, MINN. — Cushman & Wakefield has arranged the $7.3 million sale of Cascade Apartments in Rochester. Patina Management was the seller, and Black Swan Living was the buyer. Cushman & Wakefield’s Chris Collins, Lance Steiger, Evan Miller and Erin Salway represented Patina in the transaction. Located at 957 Pendant Lane NW, Cascade Apartments was developed in 2016 and is comprised of studios, one- and two-bedroom units. The property, about 4 miles northwest of the Mayo Clinic, features in-unit washers and dryers, electric vehicle charging stations and outdoor gathering spaces. …

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Valley-View-Paterson

PATERSON, N.J. — Redwood Associates, an affiliate of Value Cos. Inc., has sold Valley View Apartments in Paterson, New Jersey, to EOM Equity for an undisclosed sum. JLL’s Jose Cruz, Mike Oliver, Steve Simonelli, Elizabeth DeVesty and Austin Pierce represented the seller in the transaction. The 100-unit property was 99 percent occupied when the transaction closed. Built in 1965, Valley View Apartments is comprised of one- and two- bedroom units as well as on-site laundry and storage spaces for residents.

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The-Ovilla-Red-Oak

RED OAK, TEXAS — Thompson Realty Capital and Trez Capital have sold The Ovilla at Legacy Square in Red Oak, about 19 miles south of Dallas, to Fogelman Properties for an undisclosed sum. Institutional Property Advisors’ Michael Ware, Joey Tumminello, Drew Kile and Taylor Hill brokered the transaction on behalf of the sellers. The Ovilla at Legacy Square is a three-story, garden-style asset completed in 2023 on approximately 18 acres. Community amenities include a resort-style pool, clubhouse, outdoor gas grills and a dog park. Apartments feature granite countertops, stainless-steel appliances …

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Aperture-on-Fifth-Seattle

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 …

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59-Bogart-Brooklyn

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.

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Milo-Raleigh

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 …

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Hayden-Park-Scottsdale

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.

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