Investment Sales

Archstone
Investment SalesNewsWashingtonWestern

AvalonBay Sells Seattle Asset for $63.3 Million

by Lynn Peisner

REDMOND, WASH. — AvalonBay (NYSE: AVB) has sold Archstone Redmond Lakeview Apartments, a 166-unit community in Redmond, 15 miles west of Seattle to TruAmerica. CBRE arranged the $63.3 million sale. Archstone Redmond Lakeview Apartments was built in 1987 on the Lake Sammamish waterfront. The property has one- and two-bedroom units with private patios, walk-in closets and fireplaces. It also has direct access to a private dock with 45 income-generating boat slips. Community amenities include a renovated clubhouse, fitness center, canoe parking, a pet area and an outdoor deck with views …

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Preserve-Luxury-Apartments
FloridaInvestment SalesNewsSoutheast

Ownership of The Preserve in Jacksonville Changes Hands

by Lynn Peisner

JACKSONVILLE, FLA. —  Becovic Management Group has sold The Preserve in Jacksonville to Safe Harbor Investments LLC. JLL Capital Markets arranged the sale, representing Becovic in the deal. The sales price was not disclosed. The Preserve, a 192-unit property built in 2024, is comprised of one-, two- and three-bedroom floor plans. Amenities include a resort-style pool with a sun deck, a 24-hour fitness center, coworking spaces with Wi-Fi and a resident lounge with a coffee bar and pet spa.

Continue Reading
0 FacebookTwitterLinkedinEmail
M2-at-Millenia
FloridaInvestment SalesNewsSoutheast

JSB Capital, BLD Group Sell Orlando Asset

by Lynn Peisner

ORLANDO, FLA. — JSB Capital Group and BLD Group have sold M2 at Millenia, a 403-unit property in Orlando. JLL Capital Markets, representing the sellers, arranged the transaction. The buyer was Independence Realty Trust. The acquisition cost was not disclosed. Built in 2019, M2 at Millenia is a five-story community consisting of one-, two- and three-bedroom units. Amenities include a resort-style pool, 24-hour fitness center, yoga studio and an entertainment lounge with a kitchen, bar and outdoor grilling areas. M2 at Millenia also includes 4,216 square feet of ground-floor retail …

Continue Reading
0 FacebookTwitterLinkedinEmail
The-James
Investment SalesNew JerseyNewsNortheast

Veris Residential Sells The James in New Jersey for $117 Million

by Lynn Peisner

PARK RIDGE, N.J. — CBRE has arranged the $117 million sale of The James in Park Ridge, 27 miles north of Manhattan. Veris Residential was the seller. The buyer’s identity was not disclosed. The CBRE team representing Veris included Jeffrey Dunne, Stuart MacKenzie, Eric Apfel and Travis Langer of CBRE Institutional Properties and Roland Merchant and Tom Pryor of CBRE’s Investment Banking team. Built in 2021, The James consists of 240 units along with approximately 18,000 square feet of ground- floor retail space. Amenities include a fitness center with a …

Continue Reading
1 FacebookTwitterLinkedinEmail
Nichols-Park-Apartments
FinanceInvestment SalesNewsTexas

Mesa West Capital Provides $23.4 Million Loan for Acquisition of Austin Property

by Lynn Peisner

AUSTIN, TEXAS — DreamField Capital has secured a $23.4 million first mortgage loan provided by Mesa West Capital for the acquisition of Nichols Park, a 200-unit community in Austin. Thrive FP was the seller. The property, which was built in 1985 and features a mix of one- and two-bedroom units, was 96 percent occupied at closing. Amenities include a community lounge and coffee bar, a barbecue and picnic pavilion, a pool with poolside cabanas, a basketball court and a dog park. Three out of the 200 units have been recently …

Continue Reading
0 FacebookTwitterLinkedinEmail
Shiloh-Oaks
FinanceInvestment SalesNewsTexas

Rise48 Buys Shiloh Oaks Near Dallas

by Lynn Peisner

GARLAND, TEXAS — Rise48 Equity has acquired Shiloh Oaks in Garland, 20 miles northwest of Dallas. The seller, represented by Northmarq’s Dallas Multifamily Investment Sales team, was an undisclosed California-based investor. Northmarq also arranged acquisition financing for Rise48. The 248-unit Shiloh Oaks was built in 1983 and features updated kitchens with quartz countertops, smart locks, a pool, fitness center and a playground.

Continue Reading
0 FacebookTwitterLinkedinEmail
Lofts-at-Reynolds-Village
Investment SalesNewsNorth CarolinaSoutheast

Lone Star Funds Sells Asheville Asset to Continental Realty

by Lynn Peisner

ASHEVILLE, N.C. — Lone Star Funds has sold the Lofts at Reynolds Village in Asheville to Continental Realty Corp. Financial terms of the transaction were not disclosed. The 201-unit community includes approximately 63,000 square feet of retail space. The transaction was structured as a sale of REIT stock and represents the first disposition from a 42-asset portfolio acquired by Lone Star in September 2022. Walker & Dunlop served as advisors to Lone Star, a private equity firm that invests globally in real estate and other assets. Continental Realty is a …

Continue Reading
0 FacebookTwitterLinkedinEmail
Charbern-Seattle
Investment SalesNewsWashingtonWestern

JV Acquires Portfolio in Downtown Seattle for $35.2 Million

by Lynn Peisner

SEATTLE — Vista Investment Group and Sky Alps Capital have acquired a three-property, 215-unit portfolio in downtown Seattle for $35.2 million. The seller was an unnamed local investor and property manager who owned the buildings for about 30 years. JLL arranged a Freddie Mac loan for the buyers. The seller was represented by Dylan Simon, Jerrid Anderson, Matt Laird and JD Fuller of the Seattle office of Kidder Mathews. The portfolio consists of three properties, all of which were developed in the early 20th century and are located within a …

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Alden-at-Cedar-Park
FinanceInvestment SalesNewsTexas

Newmark Arranges Sale, Financing in Austin Suburb

by Lynn Peisner

CEDAR PARK, TEXAS — Newmark has arranged the sale of and financing for The Alden at Cedar Park, a 349-unit property in the Austin suburb of Cedar Park, located about 22 miles north of downtown. Newmark represented the undisclosed seller and procured the buyer, Weidner Apartment Homes. This transaction marks the Kirkland, Washington-based company’s first acquisition in the Austin MSA.  Newmark arranged a Fannie Mae acquisition loan for Weidner. Developed in 2020, The Alden at Cedar Park is a four-story community comprised of one- and two-bedroom floorplans. Amenities include a …

Continue Reading
0 FacebookTwitterLinkedinEmail
Pacific-Trails-Covina
CaliforniaInvestment SalesNewsWestern

The Mogharebi Group Arranges $21 Million SoCal Sale

by Lynn Peisner

COVINA, CALIF. — The Mogharebi Group has arranged the $21 million sale of Pacific Trails, representing the seller, RPK Development, in the deal. The buyer is a Los Angeles-based private investment firm. Pacific Trails, located in Corvina, 22 miles east of Los Angeles, is an 84-unit community built in 1977. It features a mix of one- and two-bedroom units and such amenities as a pool, hot tub and fire pits.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2025 France Publications, dba France Media Inc.