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Investment Sales

Cottages at Leon Creek in San Antonio
Build-to-RentFinanceInvestment SalesNewsTexas

JLL Capital Markets Brokers Sale of 284-Unit Build-to-Rent Community in San Antonio

by Channing Hamilton

SAN ANTONIO — JLL Capital Markets has arranged the sale and financing of Cottages at Leon Creek, a 284-unit build-to-rent community in San Antonio. Located at 12839 Berthoud Ln., Cottages at Leon Creek was originally built as a student housing asset. The property has since been repositioned as a single-family rental community. Cottages at Leon Creek now offers two-, three- and four-bedroom units. Select units feature fenced-in private yards. Amenities include a pool, fitness center, pickleball court, private workstations and a cinema. The asset also offers direct access to the …

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Equestrian in Tucson, Arizona
ArizonaInvestment SalesNewsWestern

Bridge Investment Group Divests of 288-Unit Equestrian in Tucson, Arizona

by Channing Hamilton

TUCSON, ARIZ. — Bridge Investment Group has divested of Equestrian, a 288-unit property in Tucson. Investors Capital Group acquired the asset for an undisclosed price. Equestrian was built in 2008. The property offers amenities such as a business center, pool, clubhouse, fitness center, covered parking and 70 private detached garages. Clint Wadlund, Hamid Panahi, Steve Gebing and Cliff David of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal.

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ColoradoInvestment SalesNewsWestern

Kaufman Hagan Commercial Real Estate Brokers $5.1 Million Sale of Lowry Pines Apartment Complex in Denver

by Channing Hamilton

DENVER — Kaufman Hagan Commercial Real Estate has arranged the sale of Lowry Pines, a 34-unit property located at 835 S. Quebec St. in Denver. The asset traded for $5.1 million. Lowry Pines features amenities such as an interior courtyard. Andrew Vollert and Brandon Kaufman of Kaufman Hagan Commercial Real Estate represented the undisclosed seller in the deal. The identity of the buyer was also not disclosed.

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ConnecticutInvestment SalesNewsNortheast

Chozick Realty Arranges $12.9 Million Sale of 176-Unit Portfolio in Hartford, Connecticut

by Channing Hamilton

HARTFORD, CONN. — Locally based Chozick Realty has brokered the $12.9 million sale of a portfolio of eight buildings totaling 176 units in Hartford. The properties are all located near the Aetna Insurance campus in Hartford’s downtown area. Approximately half of the units were recently renovated. Steve Pappas and Jordan Pinto of Chozick Realty represented the seller and procured the buyer in the deal. Both parties were regional investment firms.

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544 South Sixth Street in San Jose, California
CaliforniaInvestment SalesNewsWestern

Marcus & Millichap Arranges $4.3 Million Sale of 10-Unit Property in San Jose, California

by Channing Hamilton

SAN JOSE, CALIF. — Marcus & Millichap has arranged the sale of a 10-unit property located at 544 South Sixth Street in San Jose. The property sold for $4.3 million. Eymon Binesh, Adam Levin and Robert Johnston of Marcus & Millichap’s Palo Alto office marketed the property on behalf of the seller, a limited liability company. The community was originally built in 1969 on a 11,868 square-foot parcel of land. All units come in two-bedroom layouts and include washers and dryers. The community was recently renovated with new wood flooring, stainless …

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Georgetown Crossing in Savannah, Georgia
GeorgiaInvestment SalesNewsSoutheast

Peach Hill Capital, RK2 Property Group Acquire Georgetown Crossing in Savannah, Georgia for $25.6 Million

by Channing Hamilton

SAVANNAH, GA. — A joint venture between Peach Hill Capital and RK2 Property Group has acquired Georgetown Crossing, a 168-unit community in the Georgetown neighborhood of Savannah. The asset traded hands in an off-market transaction for $25.6 million. Mark Boyce and Blake Coffey of Berkadia represented the undisclosed seller in the deal. Georgetown Crossing was built in 1994. Located at 1015 King George Boulevard, the property comprises seven three-story residential buildings surrounding a clubhouse and a pool. Units come in one- and two-bedroom layouts. Other amenities include a series of …

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The Jade at Frisco in Frisco, Texas
Investment SalesNewsTexas

MLG Capital Acquires 424-Unit The Jade at Frisco Near Dallas

by Channing Hamilton

DALLAS — MLG Capital has acquired The Jade at Frisco, a 424-unit property in the northern Dallas suburb of Frisco. The garden-style community is located at 16220 Phoebe Road, adjacent to Craig Ranch, a 400-acre master-planned development. Amenities include a pool with sundeck and cabanas, fitness and yoga facilities, game room and EV charging stations. According to the property website, units come in one-, two- and three-bedroom floor plans.

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75 Glenwood Ave. in Yonkers, New York
Investment SalesNew YorkNewsNortheast

Redwood Realty Advisors Brokers $2.6 Million Sale of 18-Unit Portfolio in Yonkers, New York

by Channing Hamilton

YONKERS, N.Y. — Redwood Realty Advisors has arranged the $2.6 million sale of an 18-unit portfolio in Yonkers. The portfolio comprises eighteen units across multiple buildings at 53 & 74-76 Glenwood Ave. Michael Scrima and Thomas Gorman of Redwood Realty Advisors represented both the buyer and seller in the deal. Neither party’s name was disclosed. 

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CaliforniaInvestment SalesNewsWestern

Marcus & Millichap Brokers $3.5 Million Sale of 14-Unit Property in Los Angeles

by Channing Hamilton

LOS ANGELES — Marcus & Millichap has arranged the $3.5 million sale of a development currently underway in the Echo Park neighborhood of Los Angeles. The property is situated at 319 N Westlake Ave. and will comprise fourteen units, once completed. A construction timeline for the project was not disclosed. Jason Tuvia of Marcus & Millichap’s Encino office brokered the deal on behalf of the undisclosed seller. The buyer was also not disclosed.

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Glen 91 in Glendale, Arizona
ArizonaInvestment SalesNewsWestern

Institutional Property Advisors Brokers $76.5 Million Sale of Glen 91 in Phoenix Suburb

by Channing Hamilton

GLENDALE, ARIZ. — Institutional Property Advisors has arranged the sale of Glen 91, a 296-unit community in the Phoenix suburb of Glendale. HCW sold the property to Bridge Investment Group for $76.5 million. Steve Gebing and Cliff David represented the seller and procured the buyer in the transaction. Glen 91 was built in 2023. Units average 871 square feet in size and feature full-size washers and dryers, nine-foot ceilings and walk-in closets with built-in shelving. Community amenities include a pool, hammock garden, covered parking and attached garages.

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