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Investment Sales

Marquis at Desert Ridge in Phoenix
ArizonaInvestment SalesNewsWestern

IMT Capital Acquires 370-Unit Marquis at Desert Ridge in Phoenix

by Channing Hamilton

PHOENIX — IMT Capital, together with its affiliated property management company IMT Residential, has acquired Marquis at Desert Ridge, a 370-unit property in the Desert Ridge neighborhood of Phoenix. Asher Gunter, Matt Pesch, Sean Cunningham and Austin Groen of CBRE represented the seller, a national investor and operator, in the deal. Built in 2014, Marquis at Desert Ridge offers one- and two-bedroom units. Amenities include a pool and spa area with a sundeck lounge and cabanas, outdoor kitchen and grill stations, fitness center, clubhouse with entertainment kitchen, billiard room and business center. The new …

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Agave Azul on Boulder Apartments in Dallas
Investment SalesNewsTexas

Marcus & Millichap Brokers Sale of 66-Unit Asset in Dallas

by Channing Hamilton

DALLAS — Marcus & Millichap has arranged the sale of Agave Azul on Boulder Apartments, a 66-unit community in Dallas. Built in 1965, Agave Azul on Boulder Apartments offers one-, two- and three-bedroom floor plans. The average unit size is 950 square feet. The property was renovated with new individual HVAC systems and pitched roofs over the past five years.  Ford Braly, Al Silva and Dylan York of Marcus & Millichap’s Fort Worth office marketed the asset on behalf of the seller, a locally based private investor. The seller originally …

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The former Baker Chocolate Factory
Investment SalesMassachusettsNewsNortheast

CBRE Brokers Sale of 133-Unit Boston Apartment Complex

by Channing Hamilton

BOSTON — CBRE has brokered the sale of a 133-unit apartment complex located in the Dorchester Lower Mills area of Boston. The site originally housed the Baker Chocolate Factory, and the building was converted to residential usage in the 1980s and subsequently renovated in 2008. Units come in studio, one- and two-bedroom floor plans and have an average size of 793 square feet. Amenities include a fitness center and a business center. Simon Butler, Biria St. John, John McLaughlin and Brian Bowler of CBRE represented the seller, a partnership created …

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Seasons Villas in Woodbury, Minnesota
Investment SalesMidwestMinnesotaNews

Habitat Acquires 214-Unit Rental Townhome Community in Woodbury, Minnesota

by Channing Hamilton

WOODBURY, MINN. — Habitat has acquired Seasons Villas, a multifamily community with 214 townhome-style rental units in the Twin Cities suburb of Woodbury. The purchase price was undisclosed. Seasons Villas features 47 single-story units and 167 two-story units. Floor plans span 960 to 1,160 square feet. Habitat also assumed management of the property. In addition to performing routine asset preservation and maintenance improvements, Habitat plans to enhance the pet-friendly community with the addition of a dog park. The seller was Boston Capital Group, and Willow Bridge Property Co. previously managed …

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The Pines in Fitchburg, Wisconsin
Investment SalesMidwestNewsWisconsin

 FPA Multifamily Buys Two Communities Totaling 674 Units in Fitchburg, Wisconsin

by Channing Hamilton

FITCHBURG, WIS. — CBRE has arranged the sale of The Pines and The Fairways, two properties totaling 674 units in Fitchburg, a southern suburb of Madison. FPA Multifamily LLC purchased the assets from E.J. Plesko & Associates Inc. affiliated entities for an undisclosed price. CBRE’s Gretchen Richards, Patrick Gallagher, Matson Holbrook, Sean Beuche, Abe Appert, Keith Collins and Ted Abramson represented the seller. The Pines is located at 2302 High Ridge Trail near the southeastern end of Nine Springs Golf & Disc Golf Course. Built in 1978, the 305-unit property …

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Federal Hill Apartments in Noblesville, Indiana
IndianaInvestment SalesMidwestNews

CBRE Arranges Sale of 222-Unit Federal Hill Apartments in Noblesville, Indiana

by Channing Hamilton

NOBLESVILLE, IND. — CBRE has arranged the sale of Federal Hill Apartments, a 222-unit multifamily property in the Indianapolis suburb of Noblesville. The sales price was undisclosed. Built in 2024, the asset features a range of studio, one- and two-bedroom floor plans averaging 863 square feet. Amenities include a fitness center, pool, indoor pet grooming spa, electric vehicle charging stations and an outdoor grilling area. There are three onsite retailers — Indie Coffee Roasters, Café Noricha and Bocado. Hannah Ott, George Tikijian, Cam Benz, Clair Hassfurther, Ryan Stockamp and Sean …

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Investment SalesNewsTexas

Quannah Partners, VaultCap Sell 114-Unit Property in Waxahachie, Texas

by Channing Hamilton

WAXAHACHIE, TEXAS — A partnership between Denver-based Quannah Partners and Dallas-based VaultCap Partners has sold The Townhomes at Bluebonnet Trails, a 114-unit property located in the southern Dallas suburb of Waxahachie. The community offers three- and four-bedroom residences with private patios/balconies as well as various outdoor amenities. Eric Stockley, Taylor Snoddy and Charles Hubbard of Northmarq arranged the sale of the property. The buyer and sales price were not disclosed.

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Sweetwater at Buckingham in Richardson, Texas
Investment SalesNewsTexas

DVO Real Estate Buys 312-Unit Community in Richardson, Texas

by Channing Hamilton

RICHARDSON, TEXAS — DVO Real Estate has purchased Sweetwater at Buckingham, a 312-unit community in the northeastern Dallas suburb of Richardson. The property offers one-, two- and three-bedroom units with an average size of 889 square feet. Amenities include a pool, fitness center, business center and a playground. Drew Kile, Joey Tumminello, Michael Ware, Taylor Hill, William Hubbard, Cameron Purse and Shelby Clark of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller, REM Finance, in the transaction. The team also procured DVO as the buyer.

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Shore Drive Apartments in Winthrop, Massachusetts
Investment SalesMassachusettsNewsNortheast

Marcus & Millichap Brokers $10.8 Million Sale of Property Near Boston

by Channing Hamilton

WINTHROP, MASS. — Marcus & Millichap has arranged the sale of Shore Drive Apartments, a 71-unit property in Winthrop, roughly 7 miles north of downtown Boston, for $10.8 million. Evan Griffith, Tony Pepdjonovic and Will Sanborn of Marcus & Millichap’s Boston office marketed the property on behalf of the seller and procured the buyer. Neither party’s identity was disclosed. Located at 91 Veterans Road, Shore Drive Apartments offers studio, one-, and two-bedroom units. The property sustained fire damage in 2024, and plans for reconstruction have been developed. Plans include the addition …

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Boulder Creek in Greenville, South Carolina
Affordable HousingFinanceInvestment SalesNewsNorth CarolinaSouth CarolinaSoutheast

Infinity Acquires Portfolio of 1,068 Affordable Housing Units in the Carolinas

by Channing Hamilton

CAROLINAS — Infinity Real Estate Partners has received $18.8 million in financing from American South Capital Partners, a joint venture between SDS Capital Group and Vintage Realty Co., for the acquisition and renovation of a portfolio of 1,068 affordable housing units located in North Carolina and South Carolina. The portfolio consists of seven communities, which were built between 1968 and 1973 and range from 81 to 200 units. Ninety-five percent of the units are governed by HUD’s Housing Assistance Program. The properties included in the portfolio are: Infinity will use …

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