SAVANNAH, GA. — RREAF Holdings, a Dallas-based investment and development firm, has acquired The Palms at Chatham located at 5110 Garrard Ave. in Savannah’s Garden City/Midtown submarket. The seller was Miami-based One Real Estate Investment. Newmark arranged the sale. Built in 2003, The Palms at Chatham is comprised of 300 units in one-, two- and three-bedroom floor plans averaging approximately 1,005 square feet. Amenities include a resort-style pool, clubhouse, 24-hour fitness center, dedicated yoga room, fenced dog park and outdoor barbecue and picnic areas. The property will be managed by …
FORT WORTH, TEXAS — Franklin Street has brokered the sale of The Reserve on Willow Lake, a 138-unit property at 4101 South Hulen St. in Fort Worth. Santa Barbara, California-based The Paskin Group was the seller, who had held the property for about 10 years. The buyer was Dallas-based Willowood Group. The asset was built in 1996. Chibuzor Nnaji served as lead broker for Franklin Street, assisted by Tyler Bynum and Jack Williams. The property is comprised of two- and three-bedroom apartments and townhomes and amenities such as a fitness …
By Jeff Goll The headlines on multifamily have not caught up to the data. After two years of being the asset class everyone wanted to disparage, the U.S. apartment market quietly began to rebalance in the first quarter of 2026. New deliveries are collapsing, demand is returning faster than most forecasts expected, occupancy and renewal rates are improving, and the construction pipeline has thinned to a level that effectively guarantees a tighter market for years to come. For well-capitalized developers and operators with discipline and a low-cost basis, the setup …
PHOENIX — Tides Equities has sold Tides on McDowell at 4620 W. McDowell Road in Phoenix to Nitya Capital for $41 million. Northmarq’s Phoenix-based team led by Jesse Hudson, Logan Baca and Chris Michl represented the Los Angeles-based seller. Nitya is headquartered in Houston. Built in 1985 and sitting on roughly 13 acres, Tides on McDowell features 27 two-story buildings with studio, one- and two-bedroom floor plans. The property features a mix of renovated, partially upgraded and original-condition units. Amenities include a pool, soccer field, playground, leasing office, fitness center, …
RED OAK, TEXAS — CESM Real Estate has sold Emerson at Red Oak, a 306-unit community in Red Oak, approximately 20 miles south of Dallas. The buyer was Phoenix-based Professional Equity Management, while IPA arranged the transaction on behalf of the locally based seller. Completed in 2023, Emerson at Red Oak is a two-story, townhome-style property with a resort-style pool, fitness center, picnic and grilling areas, dog park, game room and business center. Apartments have full-size washers and dryers, stainless-steel appliances, built-in mudrooms and large closets. The average unit size …
FORT WORTH, TEXAS — Newmark has arranged the sale, acquisition financing and equity capitalization of Centreport Lake, a 452-unit community in Fort Worth’s CentrePort neighborhood. Richard Furr, Brian Murphy and Brian O’Boyle Jr. represented the seller, Marlin Spring US Realty, in the transaction. Henry Stimler and Ricky Warner arranged acquisition financing and equity capitalization on behalf of the buyer, whose identity was not disclosed. Located at 14301 Center Station Drive, Centreport Lake was constructed in 2008 on a 24-acre site. At the time of sale, the community was 91 percent occupied.
NEW YORK CITY — Bowery Square Corp. has sold 196 Bowery, a mixed-use property in Manhattan’s NoLita neighborhood, to Javery Capital for $11.4 million. The eight-story, 13,000-square-foot building sits on about half an acre between Spring and Prince streets and includes ground-floor retail occupied by Genyth Tattoo with seven apartments, all with private terraces, above. Matt Fotis, Colton Traynham and Michael Weinstein of Marcus & Millichap represented the seller and procured the buyer, both headquartered in New York City.
HOUSTON — Interurban Cos. has sold Harper’s Mill, a 180-unit property built in 1984, to 12ten Capital for an undisclosed sum. Located in Northwest Houston, Harper’s Mill is comprised of a mix of one- and two-bedroom floor plans, including one-bedroom townhomes. The Berkadia Houston Investment Sales team representing Centennial, Colorado-based Interurban was led by Kyle Whitney, Chris Curry, Jeffrey Skipworth, Chris Young, Joey Rippel, Jed Dalton and Tucker Fama. Brad Williamson, Mitch Sinberg, Scott Wadler, Matthew Robbins and Kyle Ryan of Berkadia Miami and Boca Raton secured the financing on …
EVERETT, WASH. — Jackson Square Properties has sold Latitude, a 108-unit property in Everett’s Lake Stickney neighborhood, to Bridge Housing for approximately $25.4 million. The asset was developed in 1986. Its six residential buildings along with a standalone clubhouse are situated on 4 acres. Amenities include a courtyard with a barbecue area and firepit, fitness center and a fenced-in dog park. The unit mix is comprised of one- and two-bedroom floor plans. IPA’s Giovanni Napoli, Philip Assouad, Ryan Harmon, Nick Ruggiero and Anthony Palladino represented the San Francisco-based seller and …
SAN FRANCISCO — Marcus & Millichap has brokered the sale of 1275-1281 8th Ave., a 28-unit property in San Francisco. The property sold for approximately $6.7 million, or $237,500 per unit. Eymon Binesh and Gino Franco, investment specialists both in Marcus & Millichap’s San Francisco office, marketed the listing on behalf of the seller, a private family trust, and procured the buyer, a local value-add investor. Binesh says the buyer plans to renovate all 28 units. Built in 1926, the 17,500-square-foot property is situated on a 0.27-acre parcel at the …