LOS ANGELES — Institutional Property Advisors (IPA) has arranged the sale of The Flat, a 205-unit property in the City West neighborhood of Los Angeles. Kevin Green, Joseph Grabiec and Gregory Harris of IPA represented the undisclosed seller and procured the buyer, locally based Winstar Properties. The Flat was built in 1968 and features a controlled-access entry system, a resident lounge, upgraded laundry rooms, new windows and a package receiving system.
LELAND, N.C. — Hathaway Cos. has sold Exchange at Westgate in Leland to Argyle Real Estate Capital for $58.7 million. JLL represented Hathaway in the transaction. The 312-unit property is located at 5214 Browning Lane about 9 miles west of Wilmington. Completed in 2023, Exchange at Westgate features studios, one-, two- and three-bedroom units averaging 931 square feet. The community offers a saltwater pool, fitness center, cyber cafe, clubhouse and grilling areas. Unit interiors are outfitted with granite countertops, stainless steel appliances, wood-style flooring and ceramic tile backsplashes. JLL Capital …
PLANO, TEXAS — Newmark has arranged the sale of and financing for Hathaway at Willow Bend, a 229-unit community 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 acquisition financing on behalf of the buyer, Granite Towers Equity Group. The sales and financing figures were not disclosed. Hathaway at Willow Bend is a garden-style community offering one-, two- and three-bedroom units, including a variety of townhome floor plans. …
BUENA PARK, CALIF. — The Bascom Group has acquired Castlewood Park Apartments in Buena Park for $53.2 million. Brian Eisendrath, Cameron Chalfant, Jesse Zarouk and Jake Vitta of IPA arranged acquisition financing through Brightspire Capital. IPA’s Kevin Green and Joe Grabiec represented the unnamed seller. AMC will provide property management services for the community, while contractor SD-Cap will oversee the planned property renovations. The property was built in 1963. About 60 percent of the units, offered as two-, three- and four-bedrooms, have private yards. Irvine, California-based Bascom plans to renovate …
DENVER — Jason Hornik and Greg Parker with Marcus & Millichap’s Denver office have brokered the sale of The Jewell at 4470 E. Jewell Ave. in Denver. A New York-based investor was the seller, and a California-based buyer bought the asset, which was built in 1968. The 93-unit property was 55 percent occupied at the time of the sale. The property was renovated prior to the sale.
MANASSAS, VA. — Bridge Investment Group has acquired Masons Keepe, a 270-unit property in Manassas for an undisclosed sum. Brian Crivella, Bill Gribbin, Yalda Ghamarian and Jack Canepa of Berkadia D.C. Metro along with Drew White of Berkadia Richmond arranged the sale on behalf of the seller, an entity doing business as University Village Apartments LLC. Located at 9000 Landings Drive, Masons Keepe was built in 2004 and consists of 17 buildings within a gated community. Units are offered as one- and two-bedroom floor plans. Brad Williamson of Berkadia Miami …
STAMFORD, CONN. — Urby, a joint venture between Ironstate Development and Brookfield Properties, has sold Stamford Urby to Pantzer for $221 million. CBRE’s Jeffrey Dunne, Eric Apfel, Stuart MacKenzie, Travis Langer, and Eric Greenberg arranged the sale. Manhattan-based Pantzer has renamed the property The Point Stamford. Maxi Leachman of CBRE secured an undisclosed amount of debt for Pantzer. The property was developed in two phases (2019 and 2023) and features a 5,500-square-foot fitness center, heated pool, an courtyard, coworking spaces, a lobby, café, outdoor fire pits and grills, covered parking, …
LAWRENCE, MASS. — Northmarq has arranged a Fannie Mae loan for approximately $22.9 million for Arrowpoint Properties’ acquisition of Elora Flats & Townhomes in Lawrence, 30 miles north of Boston. Northmarq’s Boston-based team was led by Jeff Munoz, Kevin Sykes, Ed Riekstins and Jeffrey Munoz. Built in 2009, Elora Flats & Townhomes features six four-story buildings with 104 residential units reserved for families earning up to 80 percent of area median income. The property has maintained an average occupancy of 97.6 percent over the past 12 months. Amenities include parking for …
NASHVILLE, TENN. — American Landmark Apartments has acquired Hamptons at Woodland Pointe, a 240-unit community in Nashville, which will be rebranded as Woodland Pointe Residences. Built in 2001, the property is comprised of one-, two- and three-bedroom apartments homes and a pool, fitness center, clubhouse, business center, dog park, grills, a car-care center and controlled-access entry. The Nashville Business Journal reports the sales price was $51.5 million, and the seller was Seattle-based Security Properties Residential.
HOLLY HILL, FLA. — Marcus & Millichap has arranged the sale of Regents Park, a 32-unit property in Holly Hill, 3 miles north of Daytona Beach. The asset sold for $4.6 million. Jason Hague and Ned Roberts of Marcus & Millichap marketed the property on behalf of the seller, locally based Carrot Properties, and procured the undisclosed buyer. Located at 660 8th St., Regents Park totals 28,798 square feet across three two-story buildings on a 5.5-acre lot. The community was built in 1986, and approximately 80 percent of the units have …
