Investment Sales

Independence-Place-Prince-George
Investment SalesNewsSoutheastVirginia

Northmarq Arranges $39M Sale of 230-Unit Property in Prince George, Virginia

by Lynn Peisner

PRINCE GEORGE, VA. — Aspen Oak Capital Partners has acquired Independence Place Apartments in Prince George for $39 million. Northmarq’s Charlotte, North Carolina-based investment sales team led by Ron Corrao, Eric Liebich, Scott Fuller, Dane Lozier, Matthew Weinstein and Dominic Bologna represented the undisclosed seller. The property, built in 2011, is situated on approximately 14 acres and includes 11 three-story garden-style buildings and an additional building that houses the clubhouse and leasing office. Independence Place’s amenity package consists of a 24-hour fitness center, resort-style pool, game room, sand volleyball and …

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259-East-Broadway-New-York
Investment SalesNew YorkNewsNortheast

Lower East Side Mixed-Use Building Trades for $7.8M

by Lynn Peisner

NEW YORK CITY — R.A. Cohen has sold a 16-unit mixed-use building at 259 East Broadway in Manhattan’s Lower East Side for approximately $7.8 million. Marcus & Millichap’s Joe Koicim, Logan Markley and Matt Berger represented the seller and procured the buyer, an unnamed private out-of-state investor. The 12,076-square-foot building includes ground-floor retail leased to Ernesto’s, a Basque restaurant, through April 2028. The two-bedroom apartments are a mix of free-market and rent-stabilized units. The building was developed in 1900.

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Minto-Waxahachie
DevelopmentInvestment SalesNewsTexas

Minto Communities USA Buys 3,170 Acres in Dallas Metro for Master-Planned Project

by Lynn Peisner

WAXAHACHIE, TEXAS — Minto Communities USA has acquired 3,170 acres in Waxahachie, 30 miles south of Dallas, where the Florida-based developer will build 13,270 new homes. Construction is expected to begin later this year followed by a multi-year buildout. The community will feature two residential districts — an active adult neighborhood and a traditional multifamily community — supported by approximately 140 acres of mixed‑use development. Plans include 750 multifamily units and 1.2 million square feet of retail and commercial space. Minto is planning amenities such as a town center, 400 …

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443-East-88th-Street-New-York
Investment SalesNew YorkNewsNortheast

Jade Century Properties Buys 25-Unit Building for $16.5M

by Lynn Peisner

NEW YORK CITY — Marcus & Millichap has arranged the sale of a 25-unit property at 443 East 88th St. in the Yorkville neighborhood of Manhattan, located on the Upper East Side. The property sold to Jade Century Properties for $16.5 million. Joe Koicim and Logan Markley of the NYM Group of Marcus & Millichap’s New York City office represented the undisclosed seller and procured the buyer.

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Landing36-Las-Vegas
Investment SalesNevadaNewsWestern

PCE Holdings Buys Newly Developed Landing 36 in Las Vegas for $79M

by Lynn Peisner

LAS VEGAS — PCE Holdings, a California-based investment firm, has acquired Landing 36 in Las Vegas in an off-market transaction. The sales price was $79 million, and the seller was Craig Horn. Developed in 2025, the 308-unit community is comprised of studios and one- through three-bedroom floor plans complemented by amenities such as a resort-style pool and hot tub with shaded seating areas, a fitness center with cardio and strength-training equipment, a pet-friendly lawn with a play area and grilling and entertainment spaces. PCE’s strategy is to lease up the …

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The-Winthrop-Place-Chicago
IllinoisInvestment SalesMidwestNews

Becovic Residential Buys The Winthorp Place in Chicago for $5.5M

by Lynn Peisner

CHICAGO — Becovic Residential, a Chicago-based owner and operator, has purchased The Winthorp Place in Chicago’s lakefront neighborhood of Edgewater for $5.5 million. Green Bay, Wisconsin-based Associated Bank provided a $4.7 million loan to Becovic for the acquisition. Located at 5710 North Winthorp Ave., the community was built in 1929 and features 42 units offered as studio and one-bedroom floor plans. Elizabeth Hozian with Associated Bank’s commercial real estate division arranged the loan, and Essex Realty Group arranged the sale. The building will be managed by Becovic Management Group.

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Brookview-Middletown
Investment SalesKentuckyNewsSoutheast

Brookview Cos. Sells Brookview at Middletown in Kentucky

by Lynn Peisner

MIDDLETOWN, KY. — The Brookview Cos. has sold Brookview at Middletown 16 miles east of Louisville, Kentucky. The buyer was named as Centennial Holding Company LLC. JLL arranged the sale and a Fannie Mae acquisition loan. The 210-unit property was completed in 2017 and was 95 percent occupied at the time of the sale. Units are offered as one-, two- and three-bedroom floor plans, some of which come with direct-access attached garages. Amenities include a fitness center and pool, a clubhouse and a pet park. JLL’s Amanda Friant, Wick Kirby and …

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Retreat-at-the-Park-Burlington
BerkadiaInvestment SalesNewsNorth CarolinaSoutheast

Carter Exchange Sells Burlington, North Carolina, Property for $48M

by Lynn Peisner

BURLINGTON, N.C. — Florida-based Carter Exchange has sold Retreat at the Park, a 249-unit community in Burlington, to Colorado-based Grimley Capital for $48 million. Caleb Troop, Thomas Colaiezzi, Matt Robertson and Drew Kwiatkowski of Berkadia Charlotte arranged the sale on behalf of Carter Exchange.  Brian Huff of Berkadia Denver secured acquisition financing for Grimley Capital. The property was developed in 2015 and contains one-, two- and three-bedroom units and amenities such as a fitness center with cardio and weightlifting equipment, a resident clubhouse with a lounge and café, a game …

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Eastline-Dallas
Investment SalesNewsTexas

Kushner Buys Dallas Luxury High-Rise Eastline Residences

by Lynn Peisner

DALLAS — Kushner has acquired Eastline Residences, a 330-unit, 28-story high-rise in Dallas. Northmarq’s Dallas-based Taylor Snoddy, Eric Stockley and Charles Hubbard arranged the deal on behalf of the seller, Convexity Properties. Convexity, a subsidiary of DRW, developed the community in 2021. The sales price has not been publicly disclosed, but, according to Northmarq, the trade reflected the second-largest residential sale in the metro area since 2022. Floors 25 through 28 feature penthouses with upgraded finishes and asking rents of approximately $6,500 per month. Amenities include a rooftop pool, a …

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Haven-Apartments-Culver-City
CaliforniaInvestment SalesNewsWestern

TruAmerica Acquires Two Los Angeles Properties

by Lynn Peisner

CULVER CITY, CALIF. — Cityview has sold Haven Culver City in Los Angeles County to TruAmerica. IPA’s Kevin Green, Joseph Grabiec and Gregory Harris represented the seller in the transaction. The sales price was not disclosed. TruAmerica concurrently acquired another local property, Luxe Villas, a 72-unit community located at 11640 Mayfield Ave. in Brentwood, for approximately $49.5 million. Haven Culver City was built in 2019, and Luxe Villas were constructed in 2006.

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