FRISCO, TEXAS — TruAmerica has acquired the 216-unit Ravello Stonebriar in the southwest Frisco master-planned community of Stonebriar. The seller was not disclosed, but the property website indicates a former owner was North American Properties. Built in 2018, Ravello Stonebriar features resort-style amenities, including an integrated smart-home access control system. CBRE’s Daniel Baker, Kevin O’Boyle and Chandler Sims represented the seller in the transaction.
ST. PETERSBURG, FLA. — Berkadia has arranged the sale of Provenza at St. Pete, which Houston-based Hilltop Residential has acquired and rebranded Palmera Gateway. Momentum Real Estate Partners of Miami was the seller. The Tampa Bay Business Journal reports the asset traded for approximately $70.3 million. The 308-unit property, 95 percent occupied at the time of sale, was built in 2014 in the Carillon Park mixed-use master-planned development. The garden-style community offers a mix of one-, two- and three-bedroom units ranging from 655 to 1,376 square feet with attached and …
PENSACOLA, FLA. — Berkadia has arranged the sale of Atwood Oaks and Davis Gardens, two vintage communities totaling 211 units approximately 2 miles apart in Pensacola. Atlanta-based Tioga Capital acquired the 136-unit Atwood Oaks, while an undisclosed LLC out of Cantonment, Florida, purchased the 75-unit Davis Gardens. Berkadia’s David Etchison and Andrea Kendrick led the transaction. Built in 1972, Atwood Oaks at 1857 Atwood Drive comprises one- and two-bedroom units and such amenities as a pool, a dog park, a courtyard and on-site maintenance. Completed in 1985, Davis Gardens at …
SAN JOSE, CALIF. — Marcus & Millichap has brokered the sale of Atrium Garden in San Jose for $18.5 million. Neither the buyer’s nor the seller’s identity was disclosed. The 160-unit property offers furnished studio units aimed at short-term rentals for tech-industry workers. Constructed in 2000, Atrium Garden is a four-story building with 159 studios and a one-bedroom manager’s apartment. Studios are furnished with a bed, bedside table and lamp, a lounge chair, a built-in desk and chair, a television, microwave, mini-refrigerator and a stove or hotplate. Amenities include a …
LOS ANGELES — Institutional Property Advisors (IPA) has arranged the sale of and acquisition financing for 9733 Topanga Canyon, a 119-unit property in the Chatsworth neighborhood of Los Angeles. The property sold for $44 million, which represents $369,748 per unit. IPA also arranged $27.4 million in agency financing. The asset, developed in 2009, was acquired by Amoroso Cos. to satisfy a 1031 exchange. The seller was an unnamed private multifamily investment firm. Kevin Green, Joseph Grabiec and Gregory Harris arranged the sale on behalf of the seller, while Brian Eisendrath …
RENO, NEV. — Marcus & Millichap has arranged the sale of the Kromer Portfolio made up of three metro Reno properties. The properties are Village of the Pines, a 272-unit asset completed in 1974; Sand Pebble-Spanish Oaks, a 448-unit property constructed in 1983; and the 328-unit Lakeview, built in 1979. Ken Blomsterberg, Ryan Rife and Daniel Winrod of Marcus & Millichap’s Reno office represented the buyer, Hamilton Zanze. The seller was Kromer Investments. Village of the Pines spans approximately 10 acres and offers one-, two- and three-bedroom units with a …
DURHAM, N.C. — RailField has acquired Springfield Apartments, a 288-unit garden-style property in Durham. The seller and sales price were not disclosed. Amenities include a resort-style pool with grilling stations, a fenced dog park, a renovated fitness center, a game room and a car care center. The property was purchased via RailField’s RG Value Add Fund, a joint venture with alternative-asset investment firm GCM Grosvenor.
CHICAGO — Highland Real Estate Partners has acquired Low-Line Commons, a 95-unit building in Chicago’s Lakeview neighborhood. The seller was a joint venture between Wildwood Investments and Contemporary Concepts. Interra Realty brokered the sale. The property was 98 percent occupied at the time of the sale. Located at 3431-49 N. Ashland Ave., Low-Line Commons, built in 2024, features three studio, 27 one-bedroom, 42 two-bedroom and 23 three-bedroom apartments. Amenities include a lounge, coworking space, a fitness center, storage lockers, a pickleball court and a rooftop deck.
MAUSTON, WIS. — Marcus & Millichap has arranged the sale of West Side Apartments in Mauston, 78 miles north of Madison, Wisconsin. The buyer and seller were two LLCs, doing business as Greenfeather Twenty-Eight (buyer) and Mautson 80 (seller). Matthew Whiteside, based out of Marcus & Millichap’s Milwaukee office, arranged the deal. The newly constructed community is situated on 7.4 acres at 702 Loomis Drive. It includes 24 one-bedroom and 24 two-bedroom units across 48,336 rentable square feet.
SACRAMENTO — Newmark has arranged the sale of Rivergate Apartments, a 126-unit property at 900 Simon Terrace in West Sacramento. Newmark Managing Director Will Blucher and Associate Wills Vlasek represented the seller, McCarty Sacramento Property LLC, in the disposition to a private buyer, IMG II, LLC. Rivergate is approximately 3 miles from Sacramento’s Central Business District and offers 72 one- and 54 two-bedroom floor plans across 10 two-story buildings on a 3.6-acre parcel. Amenities include a gated pool, a standalone leasing office, common area laundry facilities and interior courtyards.
