Investment Sales

Van Dyke Village Townhomes
Investment SalesMidwestMinnesotaNews

Dadder’s Estates Acquires Townhome Community Near St. Paul, Minnesota, for $2.7 Million

by Channing Hamilton

MAPLEWOOD, MINN. — Dadder’s Estates LLC has acquired $2.7 million sale of Van Dyke Village Townhomes, a 20-unit community located at 2191 Van Dyke St. in Maplewood, eight miles northeast of St. Paul, Minnesota. Built in 2004, Van Dyke Village Townhomes is situated on 3.6 acres. The complex offers two- and three-bedroom units with attached garages. Evan Miller, Chris Collins, Eric Wagner and Matthew Shide of Marcus & Millichap represented the seller and original developer, Van Dyke Street Homes LP, in the transaction. Additionally, Miller and Collins procured the buyer.

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Azul
ArizonaInvestment SalesNewsWestern

Living Well Homes Sells Azul in Phoenix for $37.1 Million

by Channing Hamilton

PHOENIX — Living Well Homes has completed the disposition of Azul, a 227-unit community in Phoenix, to a private buyer for $37.1 million. Completed in 1986, Azul offers studio, one- and two-bedroom apartments with an average size of 766 square feet. A majority of units feature washers and dryers. The two-story, garden-style community features two pools and a spa. Cliff David and Steve Gebing of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal.

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Dania Heights
FloridaInvestment SalesNewsSoutheast

Marcus & Millichap Brokers Sale of 21-Unit Asset in Dania Beach, Florida

by Channing Hamilton

DANIA BEACH, FLA. — Marcus & Millichap has arranged the sale of Dania Heights, a 21-unit community in Dania Beach, roughly 5.5 miles south of Fort Lauderdale, Florida. The property 37 SW 14th St. traded hands for $4.5 million. Built in 1970, Dania Heights is a two-story, garden-style community. Units come in one-, two- and three-bedroom floor plans. Each residence has been renovated with updated kitchens, bathrooms and modern finishes. The sale also included a contiguous single-family home at 25 SW 14th St. Austin Michels, Brandon Rex, Nicholas McAndrew, Evan Kristol …

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Investment SalesNew YorkNewsNortheast

Adirondack Capital Partners Arranges Sale of 952-Unit Community in Ballston Spa, New York

by Channing Hamilton

BALLSTON SPA, N.Y. — Regional brokerage firm Adirondack Capital Partners has negotiated the sale of Northway Eleven Communities, a 952-unit community in Ballston Spa, 30 miles north of Albany, New York. The exact sales price was not disclosed, but Adirondack says that the property traded hands for more than $100 million. Northway Eleven Communities consists of 240 buildings on a 131-acre site. The community offers 1,027-square-foot, two-bedroom apartments and 1,385-square-foot, two-level townhomes, according to the property website. Michael Hunter Coghill of Adirondack Capital Partners represented the seller, an entity doing …

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Soma Towers
Investment SalesNewsWashingtonWestern

Su Development Divests of Soma Towers Near Seattle for $192.8 Million

by Channing Hamilton

BELLEVUE, WASH. — Su Development has completed the sale of Soma Towers, a 273-unit property located at 288 106th Ave. NE in Bellevue. The Sobrato Organization purchased the two-tower community for $192.8 million. Eli Hanacek, Kyle Yamamoto and Mark Washington of CBRE represented the seller in the deal. Soma Tower consists of two towers, which house a mix of studio, one- and two-bedroom apartments and two- and four-bedroom penthouse suites. The property also features 29,964 square feet of commercial space across two floors that is 90 percent leased to restaurants, retail …

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The Woodlands
Investment SalesNewsTexas

Clover Capital Partners Buys 256-Unit Community in Tyler, Texas

by Channing Hamilton

TYLER, TEXAS — Clover Capital Partners has acquired The Woodlands, a 256-unit complex in Tyler, about 100 miles southeast of Dallas. BH Equities sold the asset for an undisclosed price. Built in 1984, the property offers one- and two-bedroom units and amenities such as fitness and business centers, a pool and package lockers. Taylor Hill, William Hubbard, Drew Kile, Joey Tumminello and Michael Ware of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer. Brian Eisendrath, Cameron Chalfant and Harry Krieger of IPA Capital …

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Investment SalesMidwestNewsWisconsin

Marcus & Millichap Arranges $5.8 Million Sale of Wisconsin Portfolio

by Channing Hamilton

ELLSWORTH AND BALDWIN, WIS. — Marcus & Millichap has arranged the $5.8 million sale of a 49-unit portfolio in western Wisconsin. The portfolio includes 25 apartments across five buildings in Ellsworth, 51 miles southeast of Minneapolis, and two buildings with 24 units in Baldwin, 48 miles east of Minneapolis. Scott Anderson of Marcus & Millichap represented the seller and procured the buyer. Both parties were Wisconsin-based investors.

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20 63rd St.
Investment SalesNew JerseyNewsNortheast

Silicon Alley Properties Sells Six-Unit Property in West New York, New Jersey

by Channing Hamilton

WEST NEW YORK, N.J. — Silicon Alley Properties LLC has sold a six-unit multifamily property located at 20 63rd St. in West New York, about 8 miles north of New York City, for $1.2 million. The three-story building offers one-, two- and three-bedroom apartments. Three units were recently renovated. The community features garage parking and yard access. Kevin Taub of Marcus & Millichap’s New Jersey office marketed the property on behalf of the seller and procured the undisclosed buyer.

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Birchstone Waterleigh
FloridaInvestment SalesNewsSoutheast

Joint Venture Acquires 300-Unit Asset Near Orlando, Florida

by Channing Hamilton

WINTER GARDEN, FLA. — Ashcroft Capital has acquired Birchstone Waterleigh, a 300-unit asset located at 9405 Ascend Falls Drive in Winter Garden, roughly 15 miles west of Orlando, Florida. The acquisition was completed through a joint venture with Pearlmark and Temerity Strategic Partners. The sales price and seller were not disclosed. Formerly known as Ascend Waterleigh Club, the property was built in 2023. Units come in one-, two- and three-bedroom floor plans ranging from 782 to 1,563 square feet. Amenities include a pool, coworking lounge, fitness center, dog park, emergency …

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Monte Vista
ArizonaInvestment SalesNewsWestern

IPA Brokers $25.5 Million Sale of Community in Glendale, Arizona

by Channing Hamilton

GLENDALE, ARIZ. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Monte Vista, a 208-unit community in Glendale. The property traded hands for $25.5 million. Built in 1985, Monte Vista offers a pool, laundry facility and covered parking. Each apartment features washer and dryer connections, dishwashers and walk-in closets. The average unit size is 787 square feet. Cliff David, Steve Gebing of IPA and Darrell Moffitt of Marcus & Millichap represented the private seller and procured the buyer, a workforce and affordable housing fund. 

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