Investment Sales

Avisa Lakes in Orlando, Florida

ORLANDO, FLA. — JLL Capital Markets has arranged the $50 million sale of Avisa Lakes, a garden-style community located at 7960 Pine Crossing Circle in Orlando. JLL represented the seller, Lloyd Jones LLC and ST Real Estate Holding Inc., and procured the buyer, Beachwold Residential LLC. Situated on a 22.4-acre site, Avisa Lakes consists of 292 units across 16 buildings. Apartments come in one- and two-bedroom floor plans and average 850 square feet each. Community amenities include a playground, pool, clubhouse and game room, two dog parks, a soccer court, …

0 FacebookTwitterLinkedinEmail
The Lofts at Noho Commons in Los Angeles

LOS ANGELES — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of The Lofts at Noho Commons, a 292-unit community located in the NoHo Arts District of Los Angeles. The GPI Cos., an investment and development firm based in Los Angeles, acquired the asset from a joint venture partnership for $92.5 million. Joseph Grabiec, Kevin Green and Gregory Harris of IPA represented the seller and procured the buyer in the deal. Lofts at NoHo Commons was built in 2006. The unit mix includes 237 …

0 FacebookTwitterLinkedinEmail
Wheelock Parkway Apartments in St. Paul, Minnesota

ST. PAUL, MINN. — Marcus & Millichap has brokered the sale of Wheelock Parkway Apartments, a 103-unit community located at 1609 N. Woodbridge St. in St. Paul, for an undisclosed price. Wheelock Parkway Apartments was built between 1965 and 1967. The property comprises 44 one-bedroom and 59 two-bedroom units across 85,580 square feet of rentable space. Amenities include a pool, laundry facilities, picnic areas, a walking path and playground. Chris Collins, Evan Miller, Eric Wagner, Matthew Shide and Zack Olson of Marcus & Millichap represented the seller, a Minnesota-based limited …

0 FacebookTwitterLinkedinEmail

PEARLAND, TEXAS — Eastham Capital has partnered with Mosaic Residential to acquire Amber Oaks and Park Place, two adjacent communities totaling 164 units in Pearland, about 20 miles south of downtown Houston. Eastham Capital has invested in the deal through its current fund, Eastham Capital Fund VI LP. The acquisition price was not disclosed.  Amber Oaks was built in 2015 and is located at 3340 E Walnut Street. The property consists of 63 units spread across two three-story buildings. The unit mix includes 16 one-bedroom and 47 two-bedroom apartments. The …

0 FacebookTwitterLinkedinEmail
Samo Collection in Santa Monica, California

SANTA MONICA, CALIF. — Locally based brokerage and advisory firm Gortikov Capital has purchased Samo Collection, a portfolio of affordable housing communities in Santa Monica, for $120 million. The portfolio comprises 399 units across 11 buildings. The properties were constructed between 1997 and 2009. Samo Collection offers studio, one-, two- and three-bedroom apartments with stainless steel appliances, hardwood-style flooring and central heating and air conditioning. The name of the seller was not released.

0 FacebookTwitterLinkedinEmail

WALDORF, MD. — Marcus & Millichap has arranged the $6.3 million sale of JSB Apartments, a 48-unit community located in Waldorf, approximately 30 miles south of Washington, D.C. JSB Apartments features one-bedroom units. The property is situated adjacent to Waldorf Station, a 150-acre mixed-use development that will include a grocery store, fitness facility and retail space. Marty Zupancic and Ryan Murray of Marcus & Millichap represented the seller, RGB Holding, in the transaction. The buyer was not disclosed.

0 FacebookTwitterLinkedinEmail

ST. LOUIS — Northmarq has arranged the sale of Westpark Apartments & Townhomes, a 212-unit garden-style community St. Louis. Located at 11409 Tivoli Lane, the property was largely built between 1996 and 2006 with a portion developed in 1969. Units range from 800 to more than 2,000 square feet. Amenities include a pool, fitness center, playground and basketball court. The buyer was a national owner-operator of multifamily properties. The seller was a locally based private investor. Dominic Martinez, Parker Stewart, Charlie McKee and Alex Malzone of Northmarq represented both parties …

0 FacebookTwitterLinkedinEmail
Infinity Apartment Homes in Arlington, Virginia

ARLINGTON, VA. — Shoreham Capital has purchased Infinity Apartment Homes, a 227-unit property in Arlington, for $51 million. Infinity Apartment Homes offers a mix of studio, one-, two- and three-bedroom units. Amenities include a pool, fitness center, lounge, bike storage, package lockers and business center. The community is located within the Columbia Pike Corridor near Amazon’s HQ2 project. Robert Dean and Jonathan Greenberg of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the undisclosed seller in the deal. Cameron Chalfant and Tyler Johnson of IPA arranged a …

0 FacebookTwitterLinkedinEmail
3926 Franklin Ave. in Fullerton, California

FULLERTON, CALIF. — CBRE has arranged the sale of a 10-unit building located at 3926 Franklin Ave. in Fullerton, just north of Anaheim, California. The asset traded hands for $2.7 million in an off-market transaction. Built in 1985, the two-story building comprises 7,410 square feet and offers exclusively two-bedroom units. The property also includes 17 parking spaces, including 12 garage spaces, as well as an on-site laundry facility. Dan Blackwell of CBRE, along with Andrew Boukather, who is now with MBI Equity Partners, represented the Los Angeles County-based buyer in the …

0 FacebookTwitterLinkedinEmail
The Village at Union Mills in Lacey, Washington

LACEY, WASH. — TMR Investments has acquired The Village at Union Mills, a 182-unit community located at 8146 Sweetbrier Lane SE in Lacey, roughly five miles east of Olympia, Washington. The seller was not disclosed. The buyer plans to invest $4.1 million to execute a value-add strategy for the property. Planned renovations include updates to the fitness center, clubhouse and outdoor amenity spaces, as well as the addition of electric vehicle charging stations. Each apartment will also receive new stainless steel appliances, stone countertops and contemporary lighting and hardware.

0 FacebookTwitterLinkedinEmail