Investment Sales

Sonterra-Roseville
CaliforniaInvestment SalesNewsWestern

CONAM Group Buys Sonterra in Suburban Sacramento

by Lynn Peisner

ROSEVILLE, CALIF. —  The CONAM Group has acquired Sonterra Apartments in Roseville, 19 miles northeast of Sacramento, California. The 136-unit property, developed in 2001, is comprised of 10 two-story garden-style buildings situated on about 7 acres. The community offers a 24-hour fitness center, a resort-style pool and hot tub, a barbecue area, a resident clubhouse and leasing office, an outdoor fireplace, picnic areas, package lockers and a bocce ball court. The seller and sales price were not disclosed.

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Mills-Creek-Maple-Grove
Build-to-RentInvestment SalesMidwestMinnesotaNews

Curtis Capital Acquires BTR Project in Twin Cities Metro

by Lynn Peisner

MAPLE GROVE, MINN. — CBRE has arranged the sale of Mills Creek, a 66-unit build-to-rent property in Maple Grove, 17 miles northwest of Minneapolis. Curtis Capital Group was the buyer, and the seller was a joint venture between Watermark and PCCP. The sales price was not disclosed. Mills Creek is located at 8601 Goldenrod Lane and was built in 2019. The property features 66 detached homes averaging 1,679 square feet. Community and unit amenities include attached two-car garages, finished basements, private driveways and entrances, a clubroom with entertainment space, a …

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Elyps-Fort-Lauderdale
FloridaInvestment SalesNewsSoutheast

Pinnacle Sells Elyps in Fort Lauderdale for $46.5 Million

by Lynn Peisner

FORT LAUDERDALE, FLA. — Pinnacle, a Miami-based developer, has sold Elyps in Fort Lauderdale for $46.5 million. The buyer was an affiliate of Oakland Park, Florida-based Rental Asset Management (RAM). CBRE represented Pinnacle in the transaction. Completed in 2023, the waterfront Elyps is situated aside Osceola Creek. Amenities at the 140-unit community include a resort-style pool with grilling areas, a lounge with a wet bar and coffee station, a fitness center and bike storage and repair facilities. Pinnacle’s strategy for Elyps reflects the company’s focus on building, stabilizing and eventually …

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Legends-KC
DevelopmentFeaturesInvestment SalesKansasMarket ReportsMidwestMissouri

Why the Kansas City Market Belongs on Investors’ Short List

by Lynn Peisner

By David NelsonHamilton Zanze There’s a real argument to be made that Kansas City is one of the country’s most overlooked cities as well as one of its most underappreciated multifamily investment markets. The metro’s residents and visitors can provide ample testimony to the city’s jazz culture, museums, sports scene, affordability and world-class barbecue. But beyond lifestyle, Kansas City has the qualities that matter most to multifamily investors: steady population growth, a balanced economy, measured supply and consistent apartment demand. For investors looking for durable performance across market cycles, metro …

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Cimarron-Apartments-Mesa
ArizonaInvestment SalesNewsWestern

Rockwell Property Co. Acquires Cimarron in Mesa for $33 Million

by Lynn Peisner

MESA, ARIZ. — Chicago-based investment firm Rockwell Property Co. has acquired Cimarron Apartments in the Phoenix suburb of Mesa for $33 million. The seller was a local family that had owned Cimarron as part of a portfolio for approximately 10 years. Built in 1985, the 210-unit garden-style community spans about 5 acres and features gated parking, an interior courtyard, a fitness center, a resort-style pool and hot tub, a dog park and a lawn games area. Rockwell is planning a value-add program that will focus on select unit upgrades and …

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Ventura-VIllas-Tucson
ArizonaInvestment SalesNewsWestern

Northmarq Arranges $32 Million Sale in Tucson

by Lynn Peisner

TUCSON, ARIZ. — Pacific Transwest — Nevada has acquired Ventura Villas in Tucson for $32 million. The seller was an LLC doing business as RDM Tucson. Northmarq arranged the sale, represented the seller. Built in 1989, Ventura Villas features one- and two-bedroom units, averaging 606 square feet. The community features a resort-style pool, a basketball court, a playground and laundry facilities. Northmarq’s Phoenix-based multifamily investment sales team was led by Trevor Koskovich, Jesse Hudson, Ryan Boyle and Logan Baca. Ventura Villas is located at 6200 S. Campbell Ave.

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Cove-at-West-Covina
CaliforniaInvestment SalesNewsWestern

Advanced Real Estate Buys L.A. County Asset for $41 Million

by Lynn Peisner

WEST COVINA, CALIF. — Advanced Real Estate has acquired the 138-unit Cove at West Covina for $41 million. The asset was acquired as the first purchase with Advanced’s new opportunity fund. The property features two pools with cabanas, a fitness center, fire pits, garages and an open landscaped area. Advanced plans to complete renovations and upgrades at the property, including the addition of in-unit washers and dryers, new cabinetry, flooring, fixtures, appliances, windows and new paint. These projects will be completed by R3 Construction, which is Advanced Real Estate’s in-house …

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Wrenfield-at-Pleasant-View-Madison
Investment SalesMidwestNewsWisconsin

JVM Realty Acquires Wrenfield at Pleasant View in Madison

by Lynn Peisner

MADISON, WIS. — JVM Realty Corp. has acquired Wrenfield at Pleasant View, a 300-unit community at 8504 Mansion Hill Ave. in Madison. Continental Properties was the seller. Berkadia arranged the transaction. The sales price was not disclosed. Wrenfield at Pleasant View was completed in 2022 and features townhome-style design with private entries across 15 two-story residential buildings. Units are offered as one-, two- and three-bedroom floor plans averaging approximately 1,000 square feet per unit. Amenities include a heated pool, a 24-hour fitness center, a clubhouse with a kitchen, TVs, lounge …

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Reflections-Virginia-Beach
Investment SalesNewsSoutheastVirginia

HGI Buys Virginia Beach Property for $86 Million

by Lynn Peisner

VIRGINIA BEACH, VA. — Affiliates of Harbor Group International (HGI) have acquired Reflections at Virginia Beach for $86 million. The 480-unit garden-style property was built in 1986 and spans 19 two- and three-story buildings across 30 acres. Units are offered as one- and two-bedroom floor plans. The seller was not disclosed. A $7 million renovation was recently completed at Reflections at Virginia Beach, updating amenities including a clubhouse, an outdoor pool, a 24-hour fitness center, a business center with meeting rooms and outdoor grilling stations. HGI is headquartered in Norfolk, …

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The-Quincy-at-Kierland-Scottsdale
ArizonaInvestment SalesNewsWestern

Stockdale Capital Partners Acquires Property in Scottsdale

by Lynn Peisner

SCOTTSDALE, ARIZ. — Stockdale Capital Partners, a Los Angeles-based private equity firm, has acquired The Quincy at Kierland in Scottsdale in an all-cash transaction. The sales price was not disclosed. The seller was EMBREY, the merchant developer that completed construction in 2024. The property is located at 15826 N. Scottsdale Road in the 730-acre master planned community of Kierland. The Quincy at Kierland features a mix of one- and two-bedroom units with stainless steel appliances and washers and dryers. Amenities include a resort-style pool with a pool house and fireside …

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