FORT SMITH, ARK. — Colliers has arranged the $8 million sale of two properties in Fort Smith. The assets traded between two undisclosed entities. The portfolio includes Forrest Brook Apartments, located at 3014 Presley St., and Stone Creek Apartments at 2851 Xavier St. Stone Creek was developed in 2008. Forrest Brook was built in 1985. Existing property management is expected to remain in place through and after the ownership transition.
GARLAND, TEXAS — Wood Partners has sold Alta Firewheel in Garland to Pardue Cos. Wood Partners broke ground on the 250-unit community in December 2022 and completed the project in 2024. Amenities include a resort-style pool, fitness center, lounge and gaming area. Institutional Property Advisors’ Joey Tumminello, Drew Kile, Taylor Hill, Michael Ware and William Hubbard represented Wood Partners in the transaction.
KYLE, TEXAS — Haven Housing, the multifamily and affordable housing division of Los Angeles-based BH Properties, has acquired Hays Park Apartments in Kyle, 21 miles southwest of Austin. Haven Housing was represented by Walker & Dunlop’s Kevin Dufour, Matt Pohl, Spencer Roy and Forrest Bass. Terms of the transaction were not disclosed. The 309-unit, garden-style property, located at 828 Bebee Road, was built in two phases in 2014 and 2016. Comprised of one- and two-bedroom floor plans, Hays Park was 90 percent occupied at the time of the sale. Amenities …
CHICAGO and ARLINGTON, VA. — Equity Residential (NYSE: EQR) and AvalonBay Communities (NYSE: AVB) have agreed to merge, creating the largest publicly traded apartment REIT in the United States with a combined portfolio of more than 180,000 rental apartments. The deal is expected to close in the second half of 2026, at which time the company’s new name and stock symbol will be announced. Based on the National Multifamily Housing Council’s 2026 Top 50 Owners rankings, the owned portfolio of the newly combined AvalonBay and Equity Residential entity will exceed …
NORTH MIAMI, FLA. — RPM Living and affiliates of Cantor Fitzgerald Asset Management (CFAM), the investment and asset management division of global financial services and real estate holding group Cantor Fitzgerald, have acquired Biscayne Shores in North Miami, an 8-acre property developed by Integra Investments, the seller. Integra’s development partners included Andrew Korge of Korgeous Group and David Larson of DCL Capital. The group acquired the site in 2020 and completed construction in 2024. The transaction follows previous CFAM and RPM acquisitions in Dallas, Denver, Houston, Orlando and Tampa. Terms …
HOUSTON — Hilltop Residential, an owner of multifamily real estate that operates across 15 markets in the southeastern United States, has closed Hilltop Growth Fund VI with $288 million in total commitments. Hilltop will seek value-add assets in business-friendly markets demonstrating population and job growth. The investor base includes endowments and foundations, financial institutions, insurance companies, national registered investment advisor (RIA) platforms and family offices. Hilltop expects Fund VI to acquire approximately $1.5 to $2 billion in gross asset value. Through the fund, nine assets have been acquired to date, …
PLAINFIELD ILL. — JVM Realty Corp. and DRA Advisors have formed a joint venture partnership to acquire Enclave at 127th, a 340-unit community in Plainfield, 38 miles southwest of Chicago. JVM acquired the community in 2013, one year after it was constructed. The new joint ownership of the asset will focus on capital improvements to drive value, including unit renovations and amenity enhancements. JVM has stated that it is currently expanding its investment platform through joint venture relationships with institutional partners. DRA Advisors is a New York-based investment advisor that …
CHICAGO — Interra Realty has arranged the sale of two multifamily buildings in the northwest Chicago area totaling $2.98 million. The six-unit 2337 John Rolfe Drive in Schaumburg, Illinois, sold for approximately $1.1 million, while the 12-unit 8755 W. Foster Ave. in Chicago’s O’Hare submarket transacted for $1.9 million. Interra’s Patrick Kennelly, Paul Waterloo and Nathan Zito represented both the confidential buyer and seller of 2337 John Rolfe. Kennelly, Waterloo and Zito also represented the undisclosed buyer and seller of 8755 W. Foster. Both properties were fully occupied at the …
NEW BRAUNFELS, TEXAS — Denver-based Platte Canyon Capital (PCC) has acquired Northwood Apartments, a 252-unit community in the New Braunfels submarket of San Antonio. The property was purchased from the original developer, which owned the asset since it was constructed in 1998. A second phase was built in 2017. This is PCC’s second acquisition in the San Antonio market with an undisclosed Los Angeles-based investment manager. The two entities are aiming to invest $100 million of equity in multifamily acquisitions. In 2025, the partners bought the 268-unit Allure Apartments in …
WEST BEND, WIS. — CBRE has arranged the sale of Trail’s Edge Apartments, a 120-unit property in West Bend, about 40 miles north of Milwaukee. Wisconsin Lakefront Property Management LLC acquired the asset for an undisclosed price from an affiliate of American Construction Services, the property’s original developer, which completed Trail’s Edge in 2022. CBRE’s Sean Beuche, Matson Holbrook and Gretchen Richards represented the seller in the transaction. The property features one‑and two‑bedroom floor plans and such amenities as a fitness center, gazebo, picnic area, a community room, keyless building …
