Investment Sales

Summit Court in Union, New Jersey
Investment SalesNew JerseyNewsNortheast

Inland Acquires Community in Union, New Jersey, for $131.5 Million

by Channing Hamilton

UNION, N.J. — An affiliate of The Inland Real Estate Group of Cos. Inc. has acquired Summit Court, a 393-unit property located at 450 Clermont Terrace in Union, approximately 20 miles southwest of New York City. A joint venture between Fidelco Realty Group and Diversified Properties sold the community for $131.5 million. Built in 2018 and 2023, Summit Court offers a mix of 351 market-rate apartments and 42 affordable housing units. However, income restrictions for the affordable residences were not disclosed. Apartments come in one-, two- and three-bedroom floor plans. The property was …

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Investment SalesMichiganMidwestNews

Marquette, DRA Sell 520-Unit Community in Ann Arbor, Michigan

by Channing Hamilton

ANN ARBOR, MICH. — Marquette Cos. and a fund managed by DRA Advisors have sold The Haven at Ann Arbor, a 520-unit community in Ann Arbor. Abacus Capital Group, a New York-based real estate investment firm, purchased the asset for an undisclosed price. At the time of sale, the community was 95 percent occupied. The Haven at Ann Arbor offers a mix of studio, one- and two-bedroom units ranging from 650 to 1,075 square feet. Community amenities include a clubhouse with resident lounge, three fitness centers, an outdoor pool with …

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Investment SalesNewsTexas

JRK Property Holdings Sells 752-Unit Community in El Paso, Texas

by Channing Hamilton

EL PASO, TEXAS — JRK Property Holdings has sold Retreat at Mesa Hills, a 752-unit asset in El Paso’s Upper West Side neighborhood, to an undisclosed buyer. Retreat at Mesa Hills was developed in phases beginning in 1995. The community offers a mix of one-, two- and three-bedroom floor plans. Units range from 538 to 2,127 square feet. Residents have access to shared amenities such as three pools with a tanning deck and cabanas, a fitness center, two tennis courts, two sand volleyball courts, clubroom, game room, theater and an …

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Water Tower Apartments in Greenville, South Carolina
Investment SalesNewsSouth CarolinaSoutheast

Hathaway Cos. Buys Community in Greenville, South Carolina, for $45.5 Million

by Channing Hamilton

GREENVILLE, S.C. — Hathaway Cos. has purchased Water Tower Apartments, a 233-unit community located at 1000 Water Tower Circle in Greenville, for $45.4 million. The seller was Urban Realty Partners. JLL Capital Markets represented the seller in the deal and originated an acquisition loan on behalf of the buyer. John Gavigan, John Mikels and Chase Monroe led the JLL Capital Markets investment and sales advisory team. Brad Woolard and Taylor Allison spearheaded the debt advisory team. Built in 2024, Water Tower Apartments offers a mix of studios, one-, two- and …

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Livano Canyon Falls in Northlake, Texas
Investment SalesNewsTexas

HGI Purchases 300-Unit Livano Canyon Falls Apartments in Northlake, Texas

by Channing Hamilton

NORTHLAKE, TEXAS — Harbor Group International (HGI) has acquired Livano Canyon Falls, a 300-unit community located roughly 28 miles north of Fort Worth, Texas, in Northlake. The three-story, garden-style asset offers one-, two- and three-bedroom floor plans. The average unit size is 1,015 square feet. Amenities include a pool, private workspaces and fishing ponds. Drew Kile, Michael Ware, Joey Tumminello, Taylor Hill and Shelby Clark of IPA represented the undisclosed seller in the transaction and procured the buyer. Brian Eisendrath, Cameron Chalfant, Harry Krieger and Tyler Johnson of IPA Capital …

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Rafter Apartments in Minneapolis
Investment SalesMidwestMinnesotaNews

Joint Venture Sells 26-Story Rafter Apartments in Minneapolis

by Channing Hamilton

MINNEAPOLIS — A joint venture consisting of Mortenson, The Excelsior Group and an institutional partner has sold Rafter Apartments, a 26-story high-rise community located at 333 East Hennepin Ave. in the Northeast neighborhood of Minneapolis. Boise, Idaho-based developer and operator Roundhouse acquired the property for an undisclosed price. Completed in 2019, Rafter Apartments offers a mix of studios, one-, two- and three-bedroom units. Amenities include a rooftop pool with a sundeck, fitness center, clubroom, coworking spaces. The property also features a maker’s room with work benches, community tools and tool …

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Rocklyn at Samuels Ave. in Fort Worth, Texas
Investment SalesNewsTexas

EPH Properties Buys 274-Unit Community in Fort Worth, Texas

by Channing Hamilton

FORT WORTH, TEXAS — EPH Properties has purchased Rocklyn at Samuels Ave., a 274-unit community in Fort Worth, from Carleton Cos. Built in 2018, the property offers studio, one-, two- and three-bedroom units with an average size of 885 square feet. Amenities include a pool, entertainment room, dog park, fitness center and outdoor grilling and dining stations. Drew Kile, Taylor Hill, Joey Tumminello, Michael Ware and Shelby Clark of Institutional Property Advisors, a division of Marcus & Millichap, represented the Dallas-based seller and procured the buyer in the transaction. The …

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Liberty Square Flats in Wheaton, Illinois
IllinoisInvestment SalesMidwestNews

Interra Realty Brokers Two Deals in Wheaton, Illinois, Totaling $15.4 Million

by Channing Hamilton

WHEATON, ILL. — Interra Realty has brokered the sale of two Liberty Square Flats buildings in Wheaton, 30 miles west of Chicago. Liberty Square Flats totals 18 units and traded for $8.4 million, while the 44-unit Lorraine Court Apartments sold for $7 million. Situated at 302 W. Liberty Drive, Liberty Square Flats was built in 2024. Amenities include a rooftop deck, dog washing station, outdoor patio, storage closets, heated garage parking, electric vehicle chargers, surface parking and keyless access. Lorraine Court Apartments, located on South Lorraine Road, was built in …

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The Park at San Marino in Houston
Investment SalesNewsTexas

Institutional Property Advisors Brokers Sale of 384-Unit Houston Asset

by Channing Hamilton

HOUSTON — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of The Park at San Marino, a 384-unit community in Houston. Built in 1984 in 13 acres, the property features amenities such as multiple pools, laundry facilities, a gym and monthly planned social activities. The average unit size is 852 square feet. TPCG Park at San Marino LLC purchased the community from Woodbridge Crossing Property Holdings II LLC for an undisclosed price. Greg Austin, Travis Austin, Will Balthrope of IPA and Kyle Devillier of Marcus …

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Rancho Vista Apartments in Ontario, California
CaliforniaInvestment SalesNewsWestern

Convenient Holdings Buys Property in Ontario, California, for $46.3 Million

by Channing Hamilton

ONTARIO, CALIF. — Convenient Holdings has acquired Rancho Vista Apartments, a 125-unit community in Ontario, roughly 40 miles east of Los Angeles. Clear Capital sold the asset for $46.3 million. Built in 1984, Rancho Vista Apartments features two- and three-bedroom floor plans. The average unit size is 1,022 square feet. Amenities include a pool, cardio and weight training center, picnic area with barbeque grills, gated access and on-site maintenance. Alexander Garcia, Kyle Pinkalla, Chris Zorbas, Kevin Green, Joseph Grabiec and Gregory Harris of Institutional Property Advisors, a division of Marcus …

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