Investment Sales

Morgan Properties Buys 2,000-Unit Canterbury Green in Fort Wayne

by Lynn Peisner February 4, 2026

FORT WAYNE, IND. — Pennsylvania-based Morgan Properties has acquired Canterbury Green, a 1,998-unit community situated across 195 acres in Fort Wayne. The seller was a joint-venture between New York City-based Osso Capital and Philadelphia-based GoldOller Real Estate Investments. CBRE’s Hannah Ott, George Tikijian, Cam Benz, Claire Hassfurther, Ryan Stockamp, Taylor Ford and Sean Pingel represented the seller. GoldOller and Prospect Capital Corp. bought the property from AIMCO Holdings QRS in 2014 for $85.5 million. The asset, among the larger single-site multifamily communities in the nation, was developed between 1969 and …

February 4, 2026

Investment Sales New Jersey News Northeast

CBRE Arranges $47.8 Million Sale of The Waverton in Secaucus, New Jersey

by Lynn Peisner February 3, 2026

SECAUCUS, N.J. — Woodmont Properties and Canoe Brook Development have sold The Waverton in Secaucus, with Canoe Brook retaining its minority ownership. The asset, completed in 2022, traded for $47.8 million. The name of the buyer was not disclosed. A 30-Year PILOT agreement is in place at the property. Twenty percent of The Waverton’s 116 units are offered at affordable rents. Income restrictions were not disclosed. The property features a 191-space parking garage, a fitness center with a yoga studio and an outdoor lounge with grills, fire pits and an …

February 3, 2026

California Investment Sales News Western

MG Properties Buys 180-Unit Property in San Diego’s Point Loma Neighborhood

by Lynn Peisner February 3, 2026

SAN DIEGO — Locally based MG Properties has acquired Dylan Point Loma in San Diego from JLL Income Property Trust for an undisclosed sum. The seller was represented by Rachel Parsons and Derrek Ostrzyzek with CBRE. Fannie Mae acquisition financing for the transaction was arranged by CBRE’s Scott Peterson, Bill Childs and Brian Cruz. The 180-unit property opened in 2016 and consists of one-, two- and three-bedroom floor plans complemented by a resort-style saltwater pool, a fitness center, community club house, a conference room, game lounge, demonstration kitchen, dog park …

February 3, 2026

Affordable Housing Development Features Investment Sales Michigan Midwest

Metro Detroit: A Multifamily Comeback Story

by Lynn Peisner February 2, 2026

Investments in major new construction and redevelopment projects from the central business district out to the suburbs signal investor opportunity. By Jason Stevens, Lument It has been 12 years since Detroit, having lost more than a quarter of its population between 2000 and 2013 and seen its tax revenues plummet, became the largest U.S. city to declare bankruptcy. The city endured decades of hardship, and many neighborhoods struggled with vacancy until recent revitalization efforts began to take hold. Today, Detroit’s turnaround is well underway. Government finances are on a firm …

February 2, 2026

Finance Investment Sales News Texas

Newmark Arranges Sale of 424-Unit Asset in Frisco, Texas

by Lynn Peisner February 2, 2026

FRISCO, TEXAS — Irvine, California-based The Bascom Group has sold Capitol at Stonebriar, a 424-unit community at 9600 Gaylord Parkway in Frisco that opened in 2018. JPI was the original developer. The buyer and sales price were not disclosed. The asset was 91 percent occupied at the time of the sale. Newmark Multifamily Capital Markets’ Brian Murphy, Brian O’Boyle Jr. and Richard Furr represented Bascom Group in the sales transaction, while David Schwarz arranged acquisition financing on behalf of the buyer.

February 2, 2026

California Investment Sales News Western

CBRE Arranges Sale of Two Orange County Properties for $12.3 Million

by Lynn Peisner February 2, 2026

LA HABRA, CALIF. — CBRE has arranged the sale of two properties totaling 38 units in La Habra, an Orange County city about 27 miles southeast of Los Angeles. CBRE’s Dan Blackwell and Amanda Fielder arranged the transactions. Combined, the sales totaled approximately $12.3 million. The properties included The Bungalows on Monte Vista and Villa Monica. The Bungalows on Monte Vista, constructed in 1964, is located at 141–247 South Monte Vista St. The 18-unit asset sold for $6.4 million and traded at a 5.74 percent cap rate. The seller was …

February 2, 2026

Development Florida Industry Voices Investment Sales Operations Southeast

Why Ongoing Political Uncertainty Is Continuing to Draw Latin American Investors to South Florida

by Lynn Peisner February 2, 2026

The recent arrest and extradition of Venezuelan leader Nicolás Maduro has once again put political instability in Latin America back in the headlines. For many people in the U.S., it’s just another international news story. For Latin American investors, it’s a reminder of something they’ve lived with for years: Political and economic conditions can change quickly, and when they do, the impact on currency, regulation and personal wealth can be immediate. That reality has long shaped how and where capital moves. When uncertainty rises, investors tend to look for places …

February 2, 2026

Arizona Investment Sales News Western

Stockdale Capital Partners Buys Avant at Fashion Center in Phoenix Metro for $110.3 Million

by Lynn Peisner January 30, 2026

CHANDLER, ARIZ. — Stockdale Capital Partners has acquired Avant at Fashion Center in Chandler for approximately $110.3 million. The 355-unit mid-rise community was built in 2017 and features a mix of studio, one- and two-bedroom units housed in seven, three- and four-story buildings on an 11.4-acre site. Amenities include a pool with a deck and cabanas, covered social areas, stainless steel grills, a resident lounge and a two-story fitness center. IPA’s Steve Gebing and Cliff David marketed the property on behalf of the undisclosed seller. This is Stockdale’s second acquisition …

January 30, 2026

California Investment Sales News Western

Bascom Group Sells Tempo at Riverpark in Oxnard, California, for $105 Million

by Lynn Peisner January 30, 2026

OXNARD, CALIF. — Bascom Northwest Ventures has sold Tempo at Riverpark Apartments in Oxnard to a venture led by Hines for $105 million. The Bascom Group acquired the 235-unit asset via a value-add fund in 2018 for approximately $75.3 million. The asset was developed by The Wolff Co. in 2015. Bascom invested approximately $1 million in upgrades during its hold period, during which Apartment Management Consultants was the property manager. Both buyer and seller were represented in the sale by Blake Rogers, Alex Caniglia and Kip Malo at JLL. Tempo …

January 30, 2026

California Investment Sales News Western

CBRE Arranges $53 Million Transaction in California’s San Gabriel Valley

by Lynn Peisner January 30, 2026

AZUSA, CALIF. — CBRE has arranged the $53 million sale of Lumia, a 127-unit community in Azusa, 23 miles east of Los Angeles. CBRE’s Chris Tresp, Derrek Ostrzyzek, Rachel Parsons, Mike Murphy and Kenji Thomas represented the seller, Serrano Development, in the transaction. The buyer is an entity doing business as Azusa LLC. Completed in 2024, Lumia features 9,132 square feet of street-level retail and a resort-style pool and hot tub, a fitness center, coworking spaces and pet amenities.

January 30, 2026

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