Investment Sales

The Place at Castle Hills in San Antonio, Texas
Investment SalesNewsTexas

Harvest Equities Purchases 680-Unit The Place at Castle Hills in San Antonio, Texas

by Channing Hamilton

SAN ANTONIO — Philadelphia-based Harvest Equities has purchased The Place at Castle Hills, a 680-unit property in San Antonio, from MC Cos. for an undisclosed price. Built in 1984 on a 23-acre site, the garden-style community rises two stories and features three pools, a business center and clubhouse. The average unit size is 687 square feet. Drew Garza, Will Balthrope and Ben Kalter of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal.

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The Current at Watershed in Laurel, Maryland
Build-to-RentInvestment SalesMarylandNewsNortheast

Berman Enterprises Purchases Build-to-Rent Community in Laurel, Maryland, for $54 Million

by Channing Hamilton

LAUREL, MD. — Rockville, Maryland-based Berman Enterprises has purchased The Current at Watershed, a build-to-rent asset located at 3101 Runnel Lane in Laurel, roughly midway between Baltimore and Washington, D.C. Bethesda, Maryland-based Couloir Ventures sold the community to Berman Enterprises for $54 million. Ari Azarbarzin, Chris Doerr, Jack Brocato, Will Harvey, Shack Stanwick, Wallace Halpert and Anthony Pino of Northmarq represented the seller in the deal. Built in 2023, The Current at Watershed offers 97 three-bedroom townhomes. The average unit size is 1,407 square feet. Each residence features quartz countertops, stainless …

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Timber Creek Apartment Homes in Fargo, North Dakota
Investment SalesMidwestNewsNorth Dakota

Gindi Equities Acquires 252-Unit Timber Creek Apartment Homes in Fargo, North Dakota

by Channing Hamilton

FARGO, N.D. — Gindi Equities has acquired Timber Creek Apartment Homes, a 252-unit property located at 4720 Timber Parkway South in Fargo, for an undisclosed price. Gindi Equities purchased the community from Property Resources Group, which will continue to manage and service the asset. Built in 2015, Timber Creek Apartment Homes offers one-, two- and three-bedroom floor plans. Amenities include a playground, beach volleyball court and pergola grilling area. Gindi Equities plans to implement interior upgrades, including the installation of new features and fixtures to apartment kitchens and bathrooms. The …

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Lofts at Henry Hall in Philadelphia
Investment SalesNewsNortheastPennsylvania

Felicity Street Investments Purchases Lofts at Henry Hall in Philadelphia for $3.6 Million

by Channing Hamilton

PHILADELPHIA — Felicity Street Investments has purchased Lofts at Henry Hall, a 21-unit community located at 2209 N. Broad St. in Philadelphia, from V2 Properties for $3.6 million. Built in 2023, Lofts at Henry Hall offers a mix of one-, two- and three-bedroom apartments. The property also includes a 500-square-foot commercial space on the ground floor. Vince Peruto of Marcus & Millichap’s Philadelphia office marketed the property on behalf of the seller and procured the buyer in the transaction.

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ConnecticutInvestment SalesNewsNortheast

NEPCG Arranges $9.9 Million Sale of Bridgeport Commons Apartments in Bridgeport, Connecticut

by Channing Hamilton

BRIDGEPORT, CONN. — Northeast Private Client Group (NEPCG) has negotiated the $9.9 million sale of Bridgeport Commons Apartments, an 86-unit asset in Bridgeport, about 20 miles southwest of New Haven, Connecticut. Bridgeport Commons Apartments consists of two buildings that were originally built between 1967 and 1970. The community offers a mix of nine studios, 73 one-bedroom units and four two-bedroom apartments. Brad Balletto, Rich Edwards and Robert Paterno of NEPCG represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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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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