Investment Sales

The-Boxer-Forest-Grove

FOREST GROVE, ORE. — Hillsboro, Oregon-based Bender Equities has sold The Boxer, a 99-unit community in Forest Grove, about 27 miles west of Portland, Oregon, for $14.7 million. The buyer was Tam Ridge Partners from San Francisco. Institutional Property Advisors (IPA)’s Anthony Palladino, Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and David Tabata, Marcus & Millichap’s broker of record in Oregon, represented the seller. The Boxer is a nine-building property, developed in the 1960s and renovated in 2019, with a playground, laundry facilities, a lounge with a kitchen, fireplace, …

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Union-Street-San-Francisco

SAN FRANCISCO — Marcus & Millichap has arranged the sale of two multifamily properties at 1159-1169 and 1067-1071 Union St. in San Francisco’s Russian Hill neighborhood. The properties sold for a combined $6.3 million after approximately 50 years under the same family ownership. Philip Batlin, Clinton Textor, Sam Runco and Jordan Tong, investment specialists in Marcus & Millichap’s San Francisco office, marketed the properties on behalf of the seller and procured the buyer, locally based Ballast. Built in 1925, the 9,123-square-foot property at 1159-1169 Union St. consists of six two-bedroom, …

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Altezza-Westchester

LOS ANGELES — Berkadia has arranged the $6.8 million sale of Altezza, a 16-unit property in the Westchester neighborhood of Los Angeles. Steffan Braunlich of Berkadia El Segundo led the transaction on behalf of the seller, Revere Investments of Rolling Hills Estates, California. The buyer was Edud Investments based out of Corona, California. The deal closed on Sept. 21. Located at 6925 Kittyhawk Ave., the property was built in 1993 and features 16 two-bedroom, two-bathroom apartments, including upper-level, two-story loft layouts. The property also includes in-unit stackable washers and dryers, …

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Marling-at-Town-Creek-Leland

LELAND, N.C. — Indiana-based BAM Capital, the private equity affiliate of The BAM Cos., has acquired The Marling at Town Creek, a 334-unit community completed in 2024 in Leland, 10 miles west of Wilmington, North Carolina. The seller and sales price were not disclosed. Units feature stainless steel appliances, walk-in closets and full-sized washers and dryers. Amenities include a 24-hour fitness center, saltwater pool with a ledge deck and lounge seating, a clubhouse, coworking space, dog park, car-care center and a café. The acquisition marks BAM Capital’s entry to the …

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First-Street-Manor-San-Jose

SAN JOSE, CALIF. — Marcus & Millichap’s Levin Johnston brokerage team has arranged the sale of First Street Manor, a 39-unit community in San Jose. Adam Levin, Robert Johnston and Cole Simpson represented the seller and procured the buyer in the $9.1 million transaction. Neither party to the transaction was named. The property, built in 1948, comprises studio, one- and two-bedroom floor plans. The 18,305-square-foot property sits on a 0.87-acre parcel one block west of the Japantown/Ayer light rail station at 523 North 2nd St. with service throughout the Silicon …

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City-Walk-at-Woodbury-Minnesota

WOODBURY, MINN. — Chicago-based Waterton has acquired City Walk at Woodbury, a 453-unit property in the Twin Cities suburb of Woodbury. The seller and sales price were not disclosed. The community comprises two four-story residential buildings, heated indoor parking garages, a clubhouse and 34,000 square feet of retail space. City Walk at Woodbury was built in phases in 2005 and 2011. Waterton is planning capital improvement projects targeting units, hallways and common areas. The one-, two- and three-bedroom apartments are complemented by an indoor pool, a hot tub, sauna, game …

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Ashford-Geneva

GENEVA, ILL. — Equus Capital Partners has acquired Ashford at Geneva, a 226-unit community in Geneva. The property was acquired on behalf of a joint venture with a U.S.-based public pension plan. Ashford was approximately 97 percent occupied at the time of acquisition and comprises one- and two-bedroom units averaging 962 square feet. Community amenities include a clubhouse, fitness center, pool, business center, outdoor gathering spaces, grilling areas and a dog park. The property will undergo an improvement program focused on apartment interiors, common areas and select exterior upgrades. Madison …

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Indigo-19-Virginia-Beach

VIRGINIA BEACH, VA. — PXV Multifamily has acquired Indigo 19, a 196-unit community in Virginia Beach. PXV is backed by Houston-based BroadVail Capital Partners and aims to acquire $2 billion in multifamily assets over the next three years, according to the company. The seller and sales price were not disclosed. Indigo 19, built in 2013, was acquired in a joint venture with funds managed by Intercontinental Real Estate Corp. Amenities include a resort-style pool, two-story clubhouse, fitness center, business center and landscaped courtyards. PXV is planning updates, including new exterior …

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Pavilion-Village-Charlotte

CHARLOTTE, N.C. — Chicago-based Pearlmark and Montana-based BCAP Properties have sold Pavilion Village, a 294-unit property in Northeast Charlotte to Hamilton Point Investments for approximately $56.8 million. JLL’s John Gavigan, John Mikels, Ben Bury, Chase Monroe and McCullough Campbell represented the seller. Pavilion Village was built in 2015 and is made up of one-, two- and three-bedroom units averaging 910 square feet. Amenities at the 26-acre property include a clubhouse, resort-style pool, fitness center, business center and a dog park. Parking is available in a mix of surface spaces and …

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University-Gardens-Riverside

RIVERSIDE, CALIF. — Kidder Mathews has arranged the $21.8 million sale of two adjacent properties totaling 113 units in Riverside. Neither buyer nor seller was identified. The transaction included University Gardens, a 25-unit property at 1480 Seventh St., and Normandy Apartments, an 88-unit complex at 3681–3725 Cranford Ave. comprising two side-by-side, 44-unit buildings. Both properties feature pools. Jon Mitchell, based at Kidder Mathews’ Orange County office, represented the seller.

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