MAUSTON, WIS. — CBRE has arranged the sale of Riverwood Apartments, a 32-unit community in Mauston, 74 miles northwest of Madison, Wisconsin. Tripp & Associates was the buyer, and the seller was an entity doing business as Riverwood Apartments LLC. The sales price was approximately $4 million. CBRE’s team representing the seller was led by Sean Beuche, Max Colby, Matson Holbrook and Gretchen Richards. Riverwood, built in 1994, is comprised of four two-story buildings on approximately 3.2 acres along the Lemonweir River. Units are offered in one-, two- and three-bedroom …
Investment Sales
KERRVILLE, TEXAS — Marcus & Millichap has brokered the sale of Park Hill, a 49-unit property in Kerrville. The buyer, seller and sales price were not disclosed. Ben Kalter, Will Balthrope and Drew Garza, based in Marcus & Millichap’s San Antonio office, marketed the property on behalf of the seller, a local investor, and procured the Boerne, Texas-based buyer. Park Hill is located at 815 Ranchero Road and was built in 1977. The buyer is planning to renovate the property.
PLANO, TEXAS — Newmark has arranged the sale and financing of Hathaway at Willow Bend, a 229-unit community located at 2525 Preston Road in Plano. Richard Furr, Brian O’Boyle Jr., Brian Murphy and Jack Forman represented the seller, S2 Capital Acquisitions, in the transaction. Brian Kochan and Michael Caglianone arranged an undisclosed amount of acquisition financing on behalf of the buyer, Granite Towers Equity Group. Located along Preston Road in West Plano, Hathaway at Willow Bend is a garden-style community offering one-, two- and three-bedroom units, including some townhome floor …
FREMONT, CALIF. — Sack Capital Partners, in partnership with LEM Capital, has acquired Koda Apartments, a 122-unit property in Fremont. Koda was built in 1970 and renovated in 2018. The 10 garden-style buildings are situated on approximately 5 acres. Units are a mix of one-, two- and three-bedroom floor plans The seller, which was not identified, has invested roughly $10 million in the property over the past six years, including a full interior renovation across all units, which now feature washers and dryers, updated electrical panels, new kitchen and bathroom …
JACKSONVILLE, FLA. — Greystar has acquired Avana Bartram Springs, formerly known as Reserve Bartram Springs, in Jacksonville. The garden-style property was built in 2006 is situated on approximately 24 acres. The 268 units are offered in one-, two- and three-bedroom floor plans complemented by a pool with grill areas, playground and a fitness center with spin and yoga rooms. Greystar is planning to renovate amenity spaces and units. According to the Jacksonville Business Journal, the seller was Fogelman Properties and the sales price was approximately $39.7 million.
HOUSTON — American Landmark Apartments has acquired Park Avenue at Boulder Creek, a 292-unit property in Houston. The community will be rebranded as Toscana Parkway. Neither the seller nor the sales price was disclosed. Toscana Parkway marks Tampa, Florida-based American Landmark Apartments’ 14th owned asset in metro Houston. Built in 2009, Toscana Parkway offers one-, two- and three-bedroom apartments and a resort-style saltwater pool, fitness center, sauna, clubhouse, business center, volleyball court, playground and poolside grilling areas.
RALEIGH, N.C. — Marcus Partners has acquired Aventon Nora, a 372-unit community in North Raleigh. This purchase represents the Boston-based firm’s second investment in the Raleigh-Durham market — the first being the development of Alta Apex, a 280-unit Class A project under construction in Apex with completion slated for 2027. Aventon Nora is also a Class A property. Built in 2024, it consists of four residential buildings with one-, two- and three-bedroom units as well as some carriage-house style floor plans that include attached garages. Amenities include a resort-style pool …
SOUTH SAN FRANCISCO, CALIF., AND READING, MASS. — Greensboro, North Carolina-based Bell Partners has acquired Bell South City West in South San Francisco and Bell Reading Commons in Reading in separate transactions totaling $226 million. The 195-unit Bell South City West, formerly known as Celeste, traded for $130 million, according to the San Francisco Business Times. Sares Regis Group of Northern California and an institutional equity partner sold the property. The 204-unit Bell Reading Commons, formerly known as Reading Commons, sold for $96 million, according to the Boston Business Journal. …
Bayshore Investment Partners Acquires Metro Orlando BTR Development for $29.4M, Berkadia Arranges Acquisition Loan
ST. CLOUD, FLA. — Berkadia has arranged a $19.1 million loan for Miami-based Bayshore Investment Partners’ (BIP) acquisition of Ibis Park at Harmony West in St. Cloud, about 30 miles south of Orlando. Ibis Park at Harmony West is a 101-home build-to-rent community. Coral Gables, Florida-based BIP bought the property from D.R. Horton for $29.4 million. Brad Williamson, Kyle Ryan, Mitch Sinberg, Scott Wadler and Matt Robbins of Berkadia Miami arranged the five-year, fixed-rate loan. This is the fourth Florida BTR community BIP has acquired from D.R. Horton. The other …
CHARLOTTE, N.C. — Tishman Speyer has acquired Berkshire Dilworth, a 296-community in Charlotte. The purchase was completed with equity from a core-plus fund. The seller was Berkshire Residential. This marks the seventh acquisition by TS Plus fund which has raised $973 million to date. Previous fund acquisitions include industrial properties in Northern California and South Florida, as well as residential communities in Chicago, Dallas, Raleigh, North Carolina and Montclair, New Jersey. The Charlotte Business Journal reports the sale price was $76.3 million. The property was completed in 2016 and currently …