Investment Sales

365-Nicollet
Investment SalesMidwestMinnesotaNews

Waterton Buys Minneapolis High-Rise for $111.5 Million

by Lynn Peisner

MINNEAPOLIS — Waterton has acquired 365 Nicollet, a 370-unit, 30-story property in Minneapolis from joint venture owners Opus Development Co. and Corebridge Real Estate Investors. The sales price was $111.5 million, according to the Minneapolis/St. Paul Business Journal. Constructed, designed and developed by Opus in 2018, 365 Nicollet’s unit mix includes studios and one-, two- and three-bedroom apartments as well as 50 penthouse units with a higher-end appliance package and hardwood floors. Amenities at 365 Nicollet include a fitness center and yoga studio, a sauna, an outdoor pool with a …

Continue Reading
0 FacebookTwitterLinkedinEmail
Bridgewater-Grand
BerkadiaFloridaInvestment SalesNewsSoutheast

Berkadia Arranges Sale of Bridgewater Grand in Lakeland

by Lynn Peisner

LAKELAND, FLA. — TrimCor has sold Bridgewater Grand, a 300-unit property in Lakeland, to Hamilton Point Investments for an undisclosed amount. Managing Director David Etchison, Senior Managing Directors Cole Whitaker and Jason Stanton and Director Mary Beale of Berkadia Central & North Florida led the transaction on behalf of the seller. The property was 95 percent occupied on July 10, the date of the sale. Lakeland is located midway between Tampa and Orlando. Bridgewater Grand was developed in 2020 and is a three-story, garden-style community on 31 acres overlooking a …

Continue Reading
0 FacebookTwitterLinkedinEmail
Alessia-Gardens
GeorgiaInvestment SalesNewsSoutheast

RSN, Monday Acquire Asset Near Lake Lanier, Georgia

by Lynn Peisner

OAKWOOD, GA. — Joint venture partners RSN Property Group and Monday Properties have acquired Audubon Crest, a 126-unit, garden-style community in Oakwood, 50 miles northeast of Atlanta. The new owners have rebranded the asset Alessia Gardens and are planning unit upgrades. The deal marks the partnership’s fourth acquisition in the past eight months. Amenities at the property include a pool, a dog park, green space and a car-washing station.

Continue Reading
0 FacebookTwitterLinkedinEmail
7770-Pipers-Lane
Investment SalesNewsTexas

Platte Canyon Capital Buys Allure Apartments in San Antonio

by Lynn Peisner

SAN ANTONIO — Platte Canyon Capital (PCC), in partnership with an unnamed Los Angeles-based institutional real estate investment manager, has acquired Allure Apartments in an off-market transaction. The 268-unit community in San Antonio was developed in phases on 11.5 acres, with the first 116 units constructed in 1984 and another 152 delivered in 2017. The property is in the Westover Hills submarket and includes one-, two- and three-bedroom floor plans. Amenities include a pool, fitness center, clubhouse, playground and grilling areas. PCC is planning a $4.7 million capital improvement program …

Continue Reading
0 FacebookTwitterLinkedinEmail
Perse-Apartments
FloridaInvestment SalesNewsSoutheast

Atlas Real Estate Partners Buys Perse Apartments in Orlando

by Lynn Peisner

ORLANDO, FLA. — Atlas Real Estate Partners has acquired Perse Apartments, a 384-unit community located in Orlando, about three miles from Disney World. The seller, TRION Properties, was represented by JLL’s Capital Markets Investment Sales and Advisory team led by Directors Ted Taylor and Kyle Butler. Financing was arranged by Scott Wadler, Mitch Sinberg, Matt Robbin and Brad Williamson of Berkadia. Built in 2008, Perse Apartments consists of one-, two- and three-bedroom units averaging approximately 1,100 square feet. Atlas is planning a value-add strategy during its hold period with capital …

Continue Reading
0 FacebookTwitterLinkedinEmail
wellington-apartment-homes
Investment SalesNewsWashingtonWestern

MLG Capital Completes First Acquisition in Washington State

by Lynn Peisner

SILVERDALE, WASH. — MLG Capital, a real estate investor based out of Brookfield, Wisconsin, has acquired Wellington Apartment Homes in Silverdale, about 35 miles west of Seattle. The transaction marks the buyer’s first acquisition in Washington state. The 240-unit, garden-style property offers a heated pool, a clubhouse, a fitness center and a dog park. During its hold period, MLG is planning interior and exterior renovations, including installing stainless steel appliances, granite countertops and other upgraded features in all units, as well as curb appeal and amenity improvements. MLG bought the …

Continue Reading
0 FacebookTwitterLinkedinEmail
Crest-Manor
Investment SalesNewsTexas

Joint Venture Buys Crest Manor Near Dallas

by Lynn Peisner

LEWISVILLE, TEXAS — SPI Advisory and FCP have acquired Crest Manor Apartments, a 600-unit community in Lewisville, 25 miles north of Dallas. SPI said in a release it had been in discussions with the undisclosed developer and seller for the past five years and acquired the asset in an off-market transaction. Crest Manor was developed in two phases in 2010 and 2016. Amenities include two pools, a clubhouse, fitness center, tennis courts and walking trails. Units are offered in one-, two- and three-bedroom floor plans. The joint venture partners are …

Continue Reading
0 FacebookTwitterLinkedinEmail
Manteca-Golf-and-Tennis-Villas
CaliforniaInvestment SalesNewsWestern

Marcus & Millichap Closes $15.6 Million Sale in California’s Central Valley

by Lynn Peisner

MANTECA, CALIF. — Marcus & Millichap has arranged the sale of Manteca Golf & Tennis Villas, a 56-unit property in Manteca, a city between Modesto and Stockton, California, and about 76 miles west of San Francisco. The property sold for $15.6 million. Stephen Jackson and Joe Owens, both senior directors with Marcus & Millichap, represented the seller. Neither party to the transaction was identified. Completed in 1985, Manteca Golf & Tennis, which is adjacent to a golf course, has a pool, laundry facilities and a tennis court. Units feature washer …

Continue Reading
0 FacebookTwitterLinkedinEmail
Nick-Steele-Lument
ColoradoInvestment SalesPeople NewsWestern

Lument Hires Nick Steele to Lead Mountain State Investment Sales

by Lynn Peisner

DENVER — Nick Steele has joined Lument to lead investment sales across Colorado, Idaho, Montana and Wyoming. Steele joins Lument from Berkadia, where he worked in the firm’s Denver office. Prior to Berkadia, Steele held senior roles at Marcus & Millichap and started his career at Apartment Realty Advisors. Over the course of his career, Steele has closed approximately $1.5 billion in multifamily sales. Lument is a banking and lending company that launched an investment sales division in 2024.

Continue Reading
0 FacebookTwitterLinkedinEmail
Allure-on-Enterprise
Build-to-RentFloridaInvestment SalesNewsSoutheast

Cushman & Wakefield Brokers Central Florida BTR Deal

by Lynn Peisner

DEBARY, FLA. — MTK Developments has sold Allure on Enterprise in DeBary for an undisclosed cost.  KRI Partners bought the build-to-rent property that sits 26 miles north of Orlando, Florida. Cushman & Wakefield’s Nick Meoli, Joey Blakley and Mike Donaldson represented MTK in the transaction. Completed in 2023, Allure on Enterprise was 98 percent occupied at the time of the sale. It includes amenities such as gated access, a clubhouse, a resort-style pool, a fitness center and yoga studio, a dog park with a wash station, an electric vehicle charging …

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