Investment Sales

The Westcott in Swampscott, Massachusetts
Affordable HousingDevelopmentFinanceInvestment SalesMarket ReportsMassachusettsNortheast

Boston Investors in Holding Pattern

by Channing Hamilton

Boston is a famously difficult place to build or buy new apartments. Developers often spend years searching for a suitable site and gaining approvals from municipalities prior to construction.  In the development boom that peaked in 2022, just on the heels of the coronavirus pandemic, developers started construction on hundreds of thousands of new apartments across the country — the largest amount of new construction in decades. In Boston, developers started tens of thousands of new apartments. It’s a lot of new construction, but it’s still less than Boston developers …

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Domain at Midtown Park in Dallas
Investment SalesNewsTexas

Partnership Acquires 395-Unit Domain at Midtown Park in Dallas

by Channing Hamilton

DALLAS — A partnership consisting of investment firms Waterford Property Co., The Vistria Group and Northern Liberties has acquired Domain at Midtown Park, a 395-unit community in North Dallas. Walker & Dunlop originated Freddie Mac acquisition financing for the deal. Built in 2016, Domain at the Park offers amenities such as a pool, clubhouse, fitness center, business center, outdoor grilling and dining stations, dog park and a golf simulator. Concurrent with the sale, the new owners also entered into a 99-year ground lease with the Dallas Housing Finance Corp. to …

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Investment SalesNew YorkNewsNortheast

Rosewood Realty Arranges $2 Million Sale of 29-Unit Building in Manhattan

by Channing Hamilton

NEW YORK CITY — Rosewood Realty Group has negotiated the sale of a 29-unit property located at 407 W. 205th Street in Manhattan’s Inwood neighborhood. Gilman Management purchased the building from family office Ramer & Saperstein for $2 million. Ben Khakshoor, Aaron Jungreis and Alex Fuchs of Rosewood represented both the buyer and the seller in the deal. The asset traded at a cap rate of 7.8 percent. The building rises five stories and was originally built in 1911.

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Investment SalesNewsTexas

InterUrban Cos. Sells 260-Unit Woodland Hills Village Near Houston

by Channing Hamilton

KINGWOOD, TEXAS — InterUrban Cos. has sold Woodland Hills Village, a 260-unit complex located in Kingwood, a master-planned development north of Houston. The property offers one-, two- and three-bedroom units. Amenities include a pool and fitness center. The buyer, an undisclosed Dallas-based investment firm, plans to implement a value-add program. Kyle Whitney, Chris Young, Joey Rippel and Jeffrey Skipworth and Chris Curry of Berkadia represented InterUrban Cos. in the deal.

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Landmark Apartments in Little Rock, Arkansas
ArkansasInvestment SalesNewsSoutheast

Cushman & Wakefield Brokers $78.8 Million Sale of Landmark Apartments in Little Rock, Arkansas

by Channing Hamilton

LITTLE ROCK, ARK. — Cushman & Wakefield has negotiated the $78.8 million sale of Landmark Apartments, a 372-unit community in Little Rock. Canyon View Capital purchased the asset from Landmark Apartments II LLC in two phases, paying $40.3 million in February 2023 and $38.5 million in February 2024. Martin Bynum and Cole Herget of Cushman & Wakefield represented the seller in the transaction. Landmark Apartments was constructed in two phases by VCC Construction. The first phase consisted of 196 units and was built in 2017. The second phase, which added an additional 176 units, …

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BLVD at Medical Center in San Antonio
Investment SalesNewsTexas

Hamilton Zanze Sells 248-Unit BLVD at Medical Center in San Antonio

by Channing Hamilton

SAN ANTONIO — Hamilton Zanze has sold BLVD at Medical Center, a 248-unit community in San Antonio. BLVD at Medical Center was built in 2016 and features one-, two- and three-bedroom units that average 776 square feet in size. Amenities include a pool, yoga studio, fitness center, outdoor kitchen, playground, business center and valet trash service. Hamilton Zanze originally acquired the asset in 2016. The firm sold the community after completing a comprehensive capital improvement program, which included upgrades to the apartments, building exteriors, common-area amenities and landscaping.

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Crossroads at Town Center in Jacksonville, Florida
FinanceFloridaInvestment SalesNewsSoutheast

JLL Capital Markets Arranges $32.8 Million in Acquisition Financing for Crossroads at Town Center in Jacksonville, Florida

by Channing Hamilton

JACKSONVILLE, FLA. — JLL Capital Markets has closed $32.8 million in acquisition financing for Crossroads at Town Center, a build-to-rent community in Jacksonville. JLL represented the borrowers, 360 Communities (Freehold Capital Management) and PCCP, to secure the loan through Greystar. Chris Drew, Matthew Putterman, Kenny Cutler and Shane Ciacci led the JLL Capital Markets Debt Advisory team. Crossroads at Town Center comprises 141 three-bedroom townhome units averaging 1,728 square feet in size. Units feature garages, covered porches, fenced-in backyards, stainless-steel appliances, built-in washers and dryers, quartz countertops, plank flooring and …

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1034-1042 Atlantic Ave. in Brooklyn
Investment SalesNew YorkNewsNortheast

Walker & Dunlop Arranges $109 Million Construction Loan for 247-Unit Community in Brooklyn

by Channing Hamilton

NEW YORK CITY — Walker & Dunlop has arranged a $109 million construction loan for a 247-unit project located at 1034-1042 Atlantic Ave. in Brooklyn’s Prospect Heights neighborhood. Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Jordan Casella and William Herring of Walker & Dunlop arranged the five-year, interest-only loan through QuadReal Property Group. The borrower was EMP Capital Group. The development will consist of two adjourning buildings that will create a cross-block lot between Atlantic Avenue and Pacific Street. The unit mix will include 56 studios, 139 one-bedroom apartments …

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Investment SalesMidwestMinnesotaNews

Marcus & Millichap Brokers Sale of First Avenue Apartments in Minneapolis

by Channing Hamilton

MINNEAPOLIS — Marcus & Millichap has arranged the sale of First Avenue Apartments, a 52-unit property in Minneapolis. The sales price was not disclosed. First Avenue Apartments was constructed in 1917 and 1919. The asset comprises two neighboring buildings located on First Avenue within the city’s Stevens Square neighborhood. Michael Jacobs and Abe Roberts of Marcus & Millichap represented the buyer and seller in the deal, both of which requested anonymity. 

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BerkadiaInvestment SalesNewsTexas

Berkadia Brokers Sale of 260-Unit Woodland Hills Village Near Houston

by Channing Hamilton

KINGWOOD, TEXAS — Berkadia has arranged the sale of Woodland Hills Village, a 260-unit property located 30 minutes north of Houston in Kingwood. Kyle Whitney, Chris Young, Joey Rippel, Jeffrey Skipworth and Chris Curry of Berkadia Houston completed the sale on behalf of the seller, Colorado-based Interurban Cos. The buyer was a Dallas-based value-add firm. Woodland Hills Village is located at 2139 Lake Hills Drive. The community offers one-, two- and three-bedroom units with walk-in closets and patios or balconies. Amenities include a pool, fitness center, laundry facilities, covered parking and …

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