Investment Sales

Park-Central-Apartments
Investment SalesNewsNorth CarolinaSoutheast

Fairfield Buys Midtown Raleigh High-Rise for $132.5 Million

by Lynn Peisner

RALEIGH, N.C. — KBS has sold Park Central Apartments, a 286-unit luxury high-rise community with ground-floor retail in Raleigh, to Fairfield Residential for $132.5 million. KBS developed the property with partner Raleigh-based Kane Realty Corp., delivering it in 2017. According to KBS, it is the first high-rise in Raleigh’s North Hills neighborhood. Amenities include a sky deck with a saltwater pool, a clubhouse, sauna, a dog spa, fitness and conference centers and a parking garage for residents. The units sit above 36,000 square feet of retail, including, casual dining restaurant …

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Timbercreek-Apartments
FloridaInvestment SalesNewsSoutheast

Marcus & Millichap Arranges $7.2 Million Sale in Miami

by Lynn Peisner

MIAMI — Evan Kristol and Felipe Echarte of Marcus & Millichap’s Fort Lauderdale office have arranged the sale of Timbercreek Apartments in Kendall, a neighborhood in the southwest area of the Miami metro. The 29-unit property is located at 11098 SW 107th St. and consists of two three-story buildings totaling 25,746 square feet with a mix of one- and two-bedroom units averaging 888 square feet. Apartments feature tile flooring, updated kitchens and bathrooms and private balconies or patios. Amenities include a pool, laundry facilities and 52 surface parking spaces. The …

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Scottsdale-on-Main
ArizonaInvestment SalesNewsWestern

IPA Arranges $66 Million Scottsdale Sale

by Lynn Peisner

SCOTTSDALE, ARIZ. — Baron Properties has sold Scottsdale on Main to Goodman Real Estate for $66.1 million. Institutional Property Advisors’ Steve Gebing and Cliff David represented the seller and procured the buyer. The 119-unit mid-rise property was developed in 2024. Amenities include a resort-style pool and a rooftop deck with a covered outdoor kitchen and lounge. Apartments have 10-to-12-foot ceilings, wine refrigerators, oversized pantries and walk-in showers. The average unit size is 872 square feet.

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Affordable HousingCaliforniaInvestment SalesNewsWestern

EAH Buys Two Affordable Communities Near Los Angeles

by Lynn Peisner

LANCASTER, CALIF. — EAH Housing has acquired two affordable housing properties in Lancaster, about 69 miles north of Los Angeles. The developments, Arbor Lofts and Sagebrush I & II, provide affordable rental housing for households earning between 30 and 60 of the area median income. Arbor Lofts, located on Lancaster Boulevard, is a 21-unit low-rise community built in 2009 with four-bedroom apartments. The property also features 3,800 square feet of commercial space. Sagebrush I & II, located on Milling Street and built in 2011, offers 61 three- and four-bedroom apartments …

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Amelia-at-Farmers-Market-Dallas
Investment SalesNewsTexas

Stockdale Capital Partners Acquires Amelia at Farmer’s Market in Dallas

by Lynn Peisner

DALLAS — Stockdale Capital Partners, a Los Angeles-based investment firm, has acquired Amelia at Farmer’s Market, a 297-unit luxury property in downtown Dallas in an all-cash transaction. Built in 2019, the five-story property is in the Farmers Market neighborhood and was 94 percent leased at the time of sale. Amelia offers amenities such as an open-air sky lounge with views of downtown, a rooftop infinity-edge pool, a wine lounge, community library and a 24-hour fitness center. Greystar has been brought in as property manager. Details about seller and sales price …

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Edgewater-Towne-Center-New-Jersey
Investment SalesNew JerseyNewsNortheast

Site Centers Corp. Sells New Jersey Mixed-Use Project for $53.2 Million

by Lynn Peisner

EDGEWATER, N.J. — JLL Capital Markets has arranged the $53.2 million sale of Edgewater Towne Center, a mixed-use property directly across the Hudson River from Upper Manhattan. The asset features 76,525 square feet of retail, anchored by Whole Foods Market, and 64 apartments located above the retail. JLL represented the seller, Site Centers Corp., and procured the local private buyer. The project was developed in 2000 and is set on 14 acres. The apartments were 94 percent occupied at the time of sale. JLL’s team was led by Jose Cruz, …

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The-Avondale-Apartments-Las-Vegas
Investment SalesNevadaNewsWestern

FCP Acquires The Avondale Apartments in Las Vegas

by Lynn Peisner

LAS VEGAS — FCP, a Chevy Chase, Maryland-based private investment firm, has made its first acquisition in the Las Vegas market with The Avondale Apartments. The 560-unit property is located at 9225 W. Charleston Blvd. within the Peccole Ranch master-planned community and less than half a mile from the Rampart Commons retail development. FCP is planning to renovate the property’s units, which are comprised of one-, two- and three-bedroom residences. Each unit features hardwood floors, stainless steel appliances, patios or balconies, a fireplace, in-unit washers and dryers, soaking tubs and …

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Alderra-Apartment-Homes-Puyallup
Investment SalesNewsWashingtonWestern

CBRE Arranges $56.5 Million Sale in Puyallup, Washington

by Lynn Peisner

PUYALLUP, WASH. — Auctus Capital Partners has sold Alderra Apartment Homes for $56.5 million to an undisclosed buyer. The 200-unit community in Puyallup, about 15 miles southeast of Tacoma, was built in 2003 and includes one- and two-bedroom apartments as well as townhomes. Amenities include a pool, fitness center, a clubhouse and a playground. CBRE’s Eli Hanacek, Mark Washington, Kyle Yamamoto and Natalie Kasper represented the seller. The buyer was an entity doing business as AMFP VII Alderra LLC, according to regional lifestyle magazine South Sound.

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rosemont-st-johns-Jacksonville
FloridaInvestment SalesNewsSoutheast

American Landmark Buys Rosemont St. Johns in Jacksonville

by Lynn Peisner

JACKSONVILLE, FLA. — American Landmark Apartments has acquired Rosemont St. Johns, a 420-unit property in Jacksonville that was built in 2007. The seller and sales price was not disclosed. Situated at 12310 Seacrest Lane, Rosemont St. Johns offers one-, two- and three-bedroom units and amenities such as a resort-style pool with a sundeck, a clubhouse with a resident lounge and entertainment kitchen, a 24-hour fitness center, outdoor grilling and picnic areas and a dog park. The company says the community will be rebranded. American Landmark is based in Tampa and …

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Agave-Ridge-PHX
ArizonaInvestment SalesNewsWestern

29 Street Capital Acquires North Phoenix Asset

by Lynn Peisner

PHOENIX — Chicago-based multifamily investment firm 29th Street Capital has acquired Urban 148 in Phoenix. The 148-unit property will be rebranded as Agave Ridge Apartments, and 29th Street Living will handle property management. According to Apartments.com, the community offers two- and three-bedroom floor plans at monthly asking rents ranging from $1,425 to $1,655 and such amenities as a pool, a playground, a courtyard and a dog park. The seller and sales price were not disclosed.

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