Investment Sales

Central-Park-Apartments-Park-Forest
IllinoisInvestment SalesMidwestNews

Bender, Eastham Sell Suburban Chicago Asset For $23.2 Million

by Lynn Peisner

PARK FOREST, ILL. — Eastham Capital has sold Central Park Apartments in the Chicago suburb of Park Forest for $23.2 million. Crain’s Chicago Business reports that the buyer was GoldOller and Chase Chavin The 220-unit property was acquired for the portfolio of Eastham Capital Fund V in partnership with Bender Cos. in September 2019. Central Park Apartments was the second collaboration between Eastham and Bender. To date, the partners have co-invested in 10 properties together. Under Bender’s management, the joint venture completed an exterior improvement plan at the property that …

Continue Reading
0 FacebookTwitterLinkedinEmail
Veranda-Austin
Investment SalesNewsTexas

Joint Venture Buys East Austin Asset From Wayfinder Real Estate

by Lynn Peisner

AUSTIN, TEXAS — Missio Capital and Bow River Capital have acquired Veranda, a 362-unit community at 7205 E. Ben White Blvd, seven miles southeast of downtown Austin. The seller was Wayfinder Real Estate, which developed the asset in 2024. The sales price was not disclosed. Newmark arranged the sale on behalf of the seller with a team led by Patton Jones and Andrew Dickson. Newmark’s Adam Randall and John Wesley-Gibson arranged debt financing for the buyers. Veranda is made up of one-, two- and three-bedroom apartments and townhomes. Amenities include …

Continue Reading
0 FacebookTwitterLinkedinEmail
PARK-PLACE-APARTMENTS
FloridaInvestment SalesNews

CGI Sells ‘Special Situation’ Orlando Asset to RMR Residential

by Lynn Peisner

ORLANDO, FLA. — CGI+ Real Estate Investment Strategies has sold Park Place in Orlando to RMR Residential. A sales price was not disclosed. CGI acquired the 275-unit asset in 2021 for approximately $69 million. At that time, the seller was facing costly insurance and construction issues following a lightning strike that sparked a fire and destroyed two buildings housing about 15 percent of the community’s rental units and two amenity spaces. CGI refers to these acquisition opportunities as “special situation real estate.” CGI, along with property manager Fogelman, rebuilt 33 …

Continue Reading
0 FacebookTwitterLinkedinEmail
Antioch
Affordable HousingCompany NewsInvestment SalesNews

Manulife, TruAmerica Team Up for $1 Billion Affordable Housing Venture

by Lynn Peisner

LOS ANGELES — Manulife Investment Management and TruAmerica Multifamily have forged a $1 billion, affordable housing-focused joint venture known as Anchor Point Residential. The partners’ debut investment is the acquisition of a 51-property, 6,000-unit LIHTC portfolio constructed between 2003 and 2023. The properties are located across major metro areas in California, Texas and Washington. The first portion of the investment closed in August with remaining deals to be completed through the fall. The names of the sellers were not disclosed. According to the two companies, the size of this acquisition, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Harper-Portfolio-LA
CaliforniaInvestment SalesNewsWestern

Marcus & Millichap Arranges $25.3 Million Los Angeles Portfolio Sale

by Lynn Peisner

LOS ANGELES — Marcus & Millichap has arranged the $25.3 million sale of a seven-property, 275-unit portfolio in Los Angeles. The seller, a private unnamed group, has been assembling and managing the portfolio for the past 25 years. The portfolio is comprised of a mix of 1920s-era brick apartment buildings and an infill land site, concentrated in the Koreatown and Westlake neighborhoods. “The portfolio was experiencing challenges, including tenant delinquencies, aging building systems, deferred maintenance and litigation,” said Neema Ahadian in a prepared statement. Ahadian is senior managing director of …

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Postmark_CoStar
Investment SalesNewsWashingtonWestern

Kidder Mathews Arranges Seattle Portfolio Trade

by Lynn Peisner

SHORELINE, WASH. — The Simon Anderson multifamily team at Kidder Mathews has arranged a disposition and acquisition in the Seattle area. The buyer and seller was identified as John Stephanus, who is the president of Seattle-based Epic Asset Management. The four assets sold were Swiss Gables Apartments in Kent, Washington, 18 miles south of Seattle and Charbern Apartments, Stockbridge Apartments and Carolina Court Apartments, all of which are located around the Seattle metro. This portfolio totaled 215 units. The proceeds were used to acquire The Poshmark in Shoreline, 11 miles …

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Mill
ConnecticutInvestment SalesNewsNortheast

CBRE Arranges $97.5 Million Sale of Greenwich Historic Mixed-Use Project

by Lynn Peisner

GREENWICH, CONN. — A Greenwich mixed-use development, which is an  adaptive reuse of an 1880s-era mill site, has been sold for $97.5 million. CBRE’s Jeffrey Dunne, Eric Apfel, Stuart MacKenzie and Travis Langer represented the seller, The Mill Owners Co. LLC, which owned the asset for more than 40 years. The Mill is situated along the banks of the Byram River and was redeveloped in 2020 through 2021 by converting two office buildings — one dating back to 1881 and the other to 1981 — into apartments. Today, The Mill …

Continue Reading
0 FacebookTwitterLinkedinEmail
250-W-85th
FinanceInvestment SalesNew YorkNewsNortheast

Benchmark Group Secures $40 Million in Equity for Manhattan Acquisition

by Lynn Peisner

NEW YORK CITY — Walker & Dunlop has arranged approximately $40 million in equity for Benchmark Real Estate Group, which will use the funds to buy and renovate a property on Manhattan’s Upper West Side. Located about three blocks from Central Park at 250 W. 85th St., the building contains 121 units and 4,400 of fully leased retail space. The W&D Capital Markets team was led by Mo Beler, Jonathan Paine, Aaron Appel, Jonathan Schwartz and Jackson Irwin. An unnamed institutional investor provided the capital.

Continue Reading
0 FacebookTwitterLinkedinEmail
Statler-McCain's-Station
Investment SalesNewsSoutheastTennessee

Embrey Sells Statler MCain’s Station Near Nashville

by Lynn Peisner

GALLATIN, TENN. — Embrey has sold Statler McCain’s Station, a 297-unit community the San Antonio-based developer built in Gallatin, 30 miles northeast of Nashville. Embrey acquired land for the community in 2021 and completed the project in 2024. Russ Oldham of Walker & Dunlop represented Embrey in the deal. The buyer and sales price was not disclosed. The community is part of McCain’s Station, a 131-acre, long-range mixed-use development that includes approximately 684 residential units in the form of single-family homes, apartments, townhomes and condos. Statler McCain’s Station features a …

Continue Reading
0 FacebookTwitterLinkedinEmail
Mason-+-Mill
Investment SalesNewsTexas

Millburn & Co. Buys Community in Fort Worth Metro

by Lynn Peisner

MANSFIELD, TEXAS — IPA has arranged the sale of Mason + Mill, a 349-unit community in Mansfield, 20 miles south of Fort Worth. The buyer was Salt Lake City-based Millburn & Co. IPA’s team, representing the seller, was led by Drew Kile, Joey Tumminello, Taylor Hill, Michael Ware and Shelby Clark. Amenities include a resort-style pool, an outdoor lounge and courtyard, a pet park and private work suites. The property, which was developed in 2024, is adjacent to the currently under construction Reserve Mansfield, a 200-acre mixed-use district.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2026 France Publications, dba France Media Inc.