WOOD-RIDGE, N.J. — Hudson Atlantic has arranged the $3.6 million sale of The Highlander, a 19-unit community in the northern New Jersey borough of Wood-Ridge. Adam Zweibel and Dante Fusaro of Hudson Atlantic brokered the deal. The buyer and seller were not disclosed. The seller originally developed The Highlander in 1977. According to Apartments.com, the property exclusively offers one-bedroom floor plans.
WEATHERFORD, TEXAS — Cushman & Wakefield has arranged the sale of Remington Ridge, a 257-unit community in Weatherford. Juniper Investment Group purchased the asset from Trinity Capital Group for an undisclosed price. Asher Hall and Grant Raymond of Cushman & Wakefield represented the seller in the transaction. Remington Ridge is a two-phase development. The first phase comprised 133 units and was completed in 2022. The second phase is currently underway and will deliver an additional 124 units. Amenities include a clubhouse with business center, game room, fitness center with yoga …
MAPLE GROVE, MINN. — CBRE has arranged the sale of Avery Park, a 124-unit build-to-rent community in the northwestern Minneapolis suburb of Maple Grove. Avery Park offers 42 detached homes averaging 2,262 square feet and 82 townhomes averaging 1,687 square feet. The property was completed in 2023. Curtis Capital Group purchased the asset for an undisclosed price. Ted Abramson, Keith Collins and Abe Appert of CBRE represented the seller, which was also not disclosed.
COLORADO SPRINGS, COLO. — Inland Private Capital Corp. (IPC) has brokered the sale of Estate at Woodmen Ridge Apartment Homes, a 260-unit complex in Colorado Springs. The property is located at 5520 Woodmen Ridge View and consists of 13 residential buildings. Amenities include a clubhouse with a fitness center, theater room, game room, business center, pool and spa, putting green, dog park, bike repair station and outdoor fireplace. The community was 93 percent occupied at the time of sale. IPC brokered the deal on behalf of Colorado Springs Multifamily DST, …
LIBERTY HILL, TEXAS — Greysteel has negotiated the sale of a 15-acre development site in Liberty Hill, about 40 miles north of Austin. J.R. Ellis of Greysteel brokered the transaction. The buyer and seller were not disclosed. The site is approved for the construction of a 345-unit community, which will include a workforce housing component. A construction timeline was also not disclosed.
ALEXANDRIA, VA. — Berkadia has provided a $157 million Fannie Mae acquisition loan for Mason at Van Dorn, a 1,180-unit community in Alexandria. The borrower and purchaser was a partnership between Shoreham Capital and Bridge Investment Group. The seller was CIM Group, which acquired the asset in 2017. Walter Coker, Brian Crivella, Yalda Ghamarian and Bill Gribbin of Berkadia originated the financing on behalf of the buyers. Mason at Van Dorn was originally built in 1972. The complex consists of 14 buildings on a 30-acre site. Amenities include two pools, …
BRADENTON, FLA. — West Shore has purchased Cirrus at Aqua, a community in Bradenton, 13 miles north of Sarasota. The property offers one-, two- and three-bedroom apartments, as well as amenities such as a pool, fitness center, on-site resident market and a game room. Cirrus at Aqua is situated at 6850 Foxtail Palm Way, about nine miles south of Bradenton’s downtown area. According to Apartments.com, the complex comprises 354 units and was built in 2023.
ST. LOUIS — Berkadia has brokered the sale of Crossing at Northpointe, a 334-unit property in St. Louis. Utah-based Sundance Bay sold the asset to a New Jersey-based buyer for an undisclosed price. Andrea Kendrick, Ken Aston and Bobby Mills of Berkadia represented the seller in the deal. Crossing at Northpointe was constructed in 1972 and renovated in 2021. The community was 94 percent occupied at the time of sale.
ASHEVILLE, N.C. — TruAmerica Multifamily, in partnership with Spoke Real Estate Capital, has purchased Westmont Commons, a 252-unit community in Asheville, for $49.9 million. The seller was not disclosed. Greystone provided a Freddie Mac Optigo loan to finance the acquisition. Rob Russell and Richard Kourbage originated the loan. Westmont Commons was built in two phases in 2003 and 2008. The community offers one-, two- and three-bedroom floor plans. Amenities include a clubhouse with a kitchen and game room, pool with a sundeck, dog park, fitness center and picnic area with …
LOWELL, MASS. — Marcus & Millichap has brokered the sale of a 17-unit building located at 887 Varnum Avenue in the northwestern Boston suburb of Lowell. The community offers five studios and 12 two-bedroom units. Amenities include onsite parking and laundry facilities. Tony Pepdjonovic, Evan Griffith and Will Sanborn of Marcus & Millichap represented the seller and procured the buyer in the deal. Both parties requested anonymity.