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Investment Sales

Pro Park in Clarksville, Tennessee
Investment SalesNewsSoutheastTennessee

Oakley Group Acquires 96-Unit Pro Park in Clarksville, Tennessee

by Channing Hamilton

CLARKSVILLE, TENN. — Birmingham, Alabama-based investment firm Oakley Group has acquired Pro Park, a 96-unit asset located at 850 Professional Park Drive in Clarksville, about 46 miles northwest of Nashville. Built in 2024, Pro Park consists of three buildings situated on a 4.4-acre site. The community offers one- and two-bedroom units ranging from 879 to 1,200 square feet in size. Amenities include a clubhouse, pool, 20 garages and 64 storage units. The community was 63 percent occupied at the time of sale. Developer Bert Singletary sold the asset to Oakley …

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Beaumont Apartments in Woodinville, Washington
Investment SalesNewsWashingtonWestern

JLL Capital Markets Brokers $136 Million Sale of Beaumont Apartments in Seattle Suburb

by Channing Hamilton

WOODINVILLE, WASH. — JLL Capital Markets has negotiated the $136 million sale of Beaumont Apartments, a 344-unit community located at 14001 NE 183rd St. in Woodinville, 20 miles northeast of Seattle. David Young, Corey Marx and Chris Ross of JLL represented the undisclosed seller in the deal. The identity of the buyer was also not disclosed. Built in 2009, Beaumont Apartments consists of three buildings on a 14.3-acre site. The property offers studio, one- and two-bedroom units with an average size of 856 square feet. Residents have access to amenities …

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Henley Tampa Palms in Tampa, Florida
FloridaInvestment SalesNewsSoutheast

Continental Realty Corp. Acquires Henley Tampa Palms in Tampa, Florida, for $82 Million

by Channing Hamilton

TAMPA, FLA. — Baltimore-based Continental Realty Corp. (CRC) has acquired Henley Tampa Palms, a 315-unit community located at 15350 Amberly Drive in Tampa. 29th Street Capital sold the property to CRC for $82 million. Berkadia represented the seller in the deal. CRC purchased Henley Tampa Palms on behalf of one of its sponsored private equity funds called Value-Add Multifamily I LP. Built in 1997, Henley Tampa Palms offers a mix of one-, two- and three-bedroom apartments averaging 1,375 square feet in size. Amenities include a clubhouse, fitness center with indoor …

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Investment SalesNewsWashingtonWestern

Clarion Partners Purchases Willow Pointe in Vancouver, Washington, for $45.5 Million

by Channing Hamilton

VANCOUVER, WASH. — An entity associated with Clarion Partners has purchased Willow Pointe, a 191-unit property situated on 15 acres in Vancouver, for $45.5 million. The average unit size is 1,162 square feet. Anthony Palladino, Giovanni Napoli, Philip Assouad, Ryan Harmon and Nick Ruggiero of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller, a local private partnership, and procured the buyer in the deal.

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FinanceInvestment SalesNewsSoutheastVirginia

Berkadia Provides $37 Million Acquisition Loan for Commonwealth Apartments in Richmond Suburb

by Channing Hamilton

MIDLOTHIAN, VA. — Berkadia has provided a $37 million Fannie Mae acquisition loan for Commonwealth Apartments, a 234-unit community located at 5401 Commonwealth Centre Parkway in Midlothian, 15 miles west of Richmond, Virginia. The property was built in 2022 and features a gaming lounge and fitness center, among other amenities. Patrick McGlohn, Brian Gould, Miles Drinkwalter, Hunter Wood, Patrick Cunningham and Natalie Hershey of Berkadia originated the agency loan on behalf of the buyer, Atlanta-based Mesa Capital Partners. Additionally, the Berkadia team of Drew White, Carter Wood and Cole Carns …

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Denizen in Portland, Oregon
Investment SalesNewsOregonWashingtonWestern

Kennedy Wilson Acquires Two Communities in the Pacific Northwest for $110 Million

by Channing Hamilton

SEATTLE AND PORTLAND, ORE. — A real estate fund managed by Kennedy Wilson has acquired Axel and Denizen, two properties located in the Pacific Northwest, for a total of $110 million. The seller was not disclosed. Built in Seattle in 2018, Axle offers 226 units, including eight townhomes. Units come in one- and two-bedroom floor plans. Amenities include a resident lounge, sky lounge and outdoor deck, coworking spaces, a fitness center, pet run and game room. Denizen was built in 2020 in Portland. The community features 212 studio, one- and …

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Heron View in Kenmore, Washington
Investment SalesNewsWashingtonWestern

Weidner Apartment Homes Sells Heron View in Kenmore, Washington, for $19.9 Million

by Channing Hamilton

KENMORE, WASH. — Weidner Apartment Homes has sold Heron View, a 72-unit community in Kenmore, roughly 14 miles north of Seattle. Wright Investment Properties purchased the asset for $19.9 million. Built in 1987, Heron View consists of three residential buildings and a leasing office surrounding a central parking lot. Units come in one- and two-bedroom floor plans, with an average size of 797 square feet. Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and …

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Investment SalesNew YorkNewsNortheastPeople News

RM Friedland Hires Thomas Ashforth, Nathaniel Barnum as Co-Managing Directors

by Channing Hamilton

HARRISON, N.Y. — RM Friedland, a commercial real estate brokerage firm based in Harrison, about 30 miles north of New York City, has hired Thomas Ashforth and Nathaniel Barnum as co-managing directors of Connecticut. In their new roles, Ashforth and Barnum will oversee the firm’s expansion into the southern Connecticut commercial real estate market. Ashforth previously held senior roles at Lincoln Property Co., Transwestern, The Ashforth Co. and Hines, where he specialized in the sale and leasing of properties located in Connecticut. Prior to joining RM Friedland, Barnum held senior …

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Mi-Place at West Rancocas 108 in Mount Holly, New Jersey
Investment SalesNew JerseyNewsNortheast

Universe Holdings Purchases Mi-Place at West Rancocas 108 in Mount Holly, New Jersey, for $33.6 Million

by Channing Hamilton

MOUNT HOLLY, N.J. — Universe Holdings has purchased Mi-Place at West Rancocas 108, a 108-unit property in Mount Holly, 30 miles east of Philadelphia. Feenmoor Homes sold the asset for $33.6 million. Chez Eider and Andrew Townsend of Marcus & Millichap’s New Jersey office represented the seller in the deal. Mi-Place at West Rancocas 108 consists of 96 apartments and 12 two-story townhomes. Amenities include a clubhouse with a resident lounge, fitness center, game room, pool and dog park.

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Sterling Plaza Apartments in Laguna Beach, California
CaliforniaInvestment SalesNewsWestern

CBRE Arranges $7.4 Million Sale of Sterling Plaza Apartments in Laguna Beach, California

by Channing Hamilton

LAGUNA BEACH, CALIF. — CBRE has brokered the sale of Sterling Plaza Apartments, a 12-unit community located at 2607 Solana Way in Laguna Beach, approximately 25 miles south of Anaheim, California. The asset traded hands for $7.4 million. Built in 1962 and 1963, Sterling Plaza Apartments consists of 9,823 square feet of rentable space. The community offers one- and two-bedroom floor plans, including a two-bedroom penthouse. Each apartment is individually metered for electricity. The property also features 14 parking spaces, including 11 carports and three open spaces, as well as …

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