Investment Sales

Avalon Wesmont Station
Investment SalesNew JerseyNewsNortheast

AvalonBay Communities Sells 406-Unit Asset in New Jersey for $161.5 Million

by Channing Hamilton

WOOD-RIDGE, N.J. — AvalonBay Communities has sold Avalon Wesmont Station, a 406-unit community located in Wood-Ridge, approximately 15 miles northwest of New York City. Cammeby’s International purchased the community for $161.5 million. Located at 100 Rosie Square, Avalon Wesmont Station offers a mix of studio, one-, two- and three-bedroom apartments. The average unit size is 959 square feet. Residents have access to amenities such as a pool, sundeck with grills, clubroom with workstations, fitness center. The property also offers covered parking and 18,000 square feet of ground floor retail space. Jose …

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Greens at Centennial
Investment SalesNewsNorth CarolinaSoutheast

JLL Capital Markets Arranges Sale of 292-Unit Asset in Raleigh, North Carolina

by Channing Hamilton

RALEIGH, N.C. — JLL Capital Markets has arranged the sale of and acquisition financing for the Greens at Centennial, a 292-unit community located at 320 The Greens Circle in Raleigh. Built in 2014, Greens at Centennial offers a mix of studio, one- and two-bedroom units. The average unit size is 941 square feet. Amenities include a pool, fitness center, fenced dog park and landscaped courtyards with grilling areas. JLL Capital Markets co-brokered the transaction in conjunction with Capital Associates, who represented the seller, an affiliate of Capital Associates. JLL also …

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Fulbrix Apartments
IllinoisInvestment SalesMidwestNews

Greystone Provides $120 Million Acquisition Loan for Chicago High-Rise

by Channing Hamilton

CHICAGO — Greystone has provided a $120 million Fannie Mae loan for the acquisition of Fulbrix Apartments, a 375-unit apartment tower located at 160 N. Elizabeth St. in Chicago’s Fulton Market. The 27-story property features 375 units. Eric Rosenstock and Jesse Yodice of Greystone originated the financing on behalf of the borrower, Normandy Real Estate. The loan features a 10-year term with seven years of interest-only payments. The $170 million purchase marked Chicago’s largest multifamily sales transaction since 2023, according to Greystone.

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Justin Fossum
FinanceFloridaIndustry VoicesInvestment SalesNorth CarolinaSoutheastTennesseeTexas

Employment, Affordability and Growth Make These Sun Belt Markets Stand Out

by Channing Hamilton

By Justin Fossum, senior director of asset management, Hamilton Zanze In a period defined by shifting economic dynamics, demographic realignment and tightening capital markets, multifamily investors continue to seek clarity on where to find durable performance. While short-term volatility is likely to persist, certain metropolitan areas in the U.S. are demonstrating structural advantages that point to long-term outperformance. Austin, Texas; Charlotte, North Carolina; Nashville, Tennessee; and Tampa, Florida, stand out as four such markets. Each market benefits from a rare alignment of employment growth, business investment, in-migration and relative affordability, …

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Allen Ridge
FinanceInvestment SalesNewsNorth CarolinaSoutheast

Joint Venture Secures $25.4 Million Financing for North Carolina Build-to-Rent Asset

by Channing Hamilton

GREENVILLE, N.C. — A joint venture partnership between Eminent Capital and Corten Real Estate has received a $15.7 million loan and $9.7 million of joint venture equity for Allen Ridge, a 125-unit build-to-rent (BTR) community in Greenville.  Located at 1005 Allen Ridge Dr., the community features townhome-style duplex units. Allen Ridge was built in two phases, with phase I completed in 2008 and Phase II in 2023. The asset was 98.4 occupied at the time of the transaction. JLL Capital Markets helped create the joint venture partnership. JLL also worked …

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Skye
Investment SalesNewsWashingtonWestern

Institutional Property Advisors Brokers Sale of 18-Story Asset in Seattle

by Channing Hamilton

SEATTLE — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Skye, a 371-unit apartment building with 13,300 square feet of ground-floor retail space in Seattle’s Denny Triangle neighborhood. The 18-story community was originally built in 1949, and all units were renovated between 2014 and 2016. Tenants have access to a controlled-access parking garage, rooftop terrace, fenced dog park, walking trails and green lawns. Apartments come in studio, one-, and two-bedroom floor plans. Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and Anthony Palladino …

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Investment SalesNewsTexas

Epic Capital Partners Sells 116-Unit Asset in Fort Worth, Texas

by Channing Hamilton

FORT WORTH, TEXAS — Epic Capital Partners has sold Candle Chase Apartments, a 116-unit complex in southwest Fort Worth. The property was originally built in 1969. According to Apartments.com, the property offers one- and two-bedroom units that range in size from 715 to 1,198 square feet. Doug Banerjee and Sterling Warren of Greysteel represented the seller in the transaction. The buyer, an entity doing business as Delara Chase LLC, has rebranded the property as Delara Chase Apartments.

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Halstead Tarrytown
Investment SalesNew YorkNewsNortheast

DSF Group Sells 300-Unit Community in Tarrytown, New York

by Channing Hamilton

TARRYTOWN, N.Y. — The DSF Group has sold Halstead Tarrytown, a 300-unit asset located in Tarrytown, about 30 miles north of New York City. Built in 1998, the property consists of 11 two-story buildings offering a mix of one- and two-bedroom apartments. The JLL Suburban Tri-State Capital Markets team represented the seller and procured the buyer in the deal. The identity of the buyer and the sales price were not disclosed.

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Solaire Apartments
ColoradoInvestment SalesNewsWestern

Milestone Acquires Solaire Apartments in Denver Suburb

by Channing Hamilton

BRIGHTON, COLO. — The Milestone Group has purchased Solaire Apartments, a 252-unit community located at 1287 S. 8th Ave. in Brighton, roughly 21 miles northeast of Denver. The purchase price was not disclosed. Solaire Apartments offers one-, two-, and three-bedroom apartments. Residents have access to shared amenities including a clubroom with a kitchen and business center, fitness center, dog park, playground, native grass areas and a pool with a lap lane, hot tub and lounge.

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Amber Valley Apartments
Investment SalesMidwestNewsNorth Dakota

Gindi Equities Acquires Amber Valley Apartments in Fargo, North Dakota

by Channing Hamilton

FARGO, N.D. — Gindi Equities has acquired Amber Valley Apartments, a 162-unit property in Fargo, for an undisclosed price. Built in 2001, Amber Valley Apartments consists of 162 units that range from one- to three-bedroom floor plans. Gindi plans to launch a renovation program at the community, upgrading both interior spaces and common areas. The seller, Property Resources Group, will continue to manage and service the asset. The acquisition marks Gindi’s fourth purchase in the Fargo market in the past 12 months.

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