Investment Sales

Harbor-Point-Baltimore
GeorgiaInvestment SalesNewsSoutheastVirginia

Harbor Group International Buys 11 Properties from AH Realty Trust for $562M

by Lynn Peisner

NORFOLK, VA. — Harbor Group International (HGI) will acquire 11 properties from AH Realty Trust (NYSE:AHRT) for $562 million. The 11 assets represent the majority of Virginia Beach-based AHRT’s multifamily portfolio. The REIT will retain Smith’s Landing and plans to separately market its remaining two properties, The Everly in Roanoke, Virginia, and Solis in Gainesville, Georgia. HGI has provided a $15 million nonrefundable deposit, and the all-cash transaction is not contingent on financing. The transaction is expected to close by mid-year. AHRT’s long-term goals are to simplify its platform by …

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Bruce-Thompson-Scott-Manning
Affordable HousingDevelopmentFeaturesInvestment Sales

Opportunity Zone Program Presents Strategic Window for Multifamily and Affordable Housing Investment

by Lynn Peisner

By Scott Manning and Bruce Thompson Real estate developers, investors, and community leaders have a unique opportunity in the coming months to ensure that state officials appropriately designate low-income census tracts that will most benefit from investment dollars related to the federal Opportunity Zone program. Since the enactment of the program in 2017, Qualified Opportunity Zones across all 50 states, the District of Columbia, and U.S. territories have attracted significant private investment, fueling housing development, job creation and economic revitalization in underserved communities. With the current Opportunity Zone program set …

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Jefferson-Cove-Grand-Prairie
Investment SalesNewsTexas

Newmark Arranges Sale of Jefferson Cove in Grand Prairie, Texas

by Lynn Peisner

GRAND PRAIRIE, TEXAS — Madera Residential has acquired Jefferson Cove, a 283-unit property completed in 2024, from TDI. Newmark’s Brian Murphy, Brian O’Doyle Jr. and Purvesh Gosalia arranged acquisition financing on behalf of Madera. Amenities include a pool, a game lawn, a clubhouse, controlled access parking, community-wide Wi-Fi and Luxer One package lockers.

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sage-on-prospect-Milwaukee
Investment SalesMidwestNewsWisconsin

CBRE Arranges Sale of Sage on Prospect in Milwaukee

by Lynn Peisner

MILWAUKEE — CBRE has arranged the sale of Sage on Prospect, a 34-unit community in Milwaukee’s Lower East Side neighborhood. The asset traded for approximately $8.3 million. CBRE’s Sean Beuche, Matson Holbrook, Gretchen Richards and Patrick Gallagher represented the seller, locally based Dominion Properties in the transaction. Three Sixty Real Estate Solutions, headquartered in La Crosse, Wisconsin, was the buyer. Dominion Properties purchased the asset in 2014 and embarked on a redevelopment project that converted a 1961-built assisted living facility into a LEED Platinum-certified multifamily community. The redevelopment included the …

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45-White-Manhattan
Investment SalesNew YorkNewsNortheast

Slate Property Group Buys Historic Tribeca Property for $32M

by Lynn Peisner

NEW YORK CITY — Slate Property Group and Avenue Realty Capital have partnered to acquire 45 White Street, a seven-story multifamily building in Manhattan’s Tribeca neighborhood. Benchmark Real Estate Group, represented by JLL, sold the asset for $32 million. Financing was provided by lender White Oak Real Estate Capital. The 16-unit building was originally constructed in 1868 as a commercial office building before being converted to residential use in 2009. The property is part of the Tribeca East Historic District and features a cast iron façade as well as two …

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FloridaInvestment SalesNewsSoutheast

Coldwell banker Commercial Realty Arranges $21.2M Sale in Hialeah, Florida

by Lynn Peisner

HIALEAH, FLA. — Coldwell Banker Commercial Realty has arranged the $21.2 million sale of a 74-unit property at 1350 W. 46th St. in Hialeah. Coldwell Banker’s Alex Lizama represented the seller, Royal Income Properties, in the deal. The buyer was a private investment group requesting anonymity. Built in 1972, the property spans approximately 44,940 square feet. The one- and two-bedroom units are complemented by amenities that include a pool and controlled access.

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Tresa-at-Arrowhead-Phoenix
ArizonaInvestment SalesNewsWestern

Hamilton Zanze Sells Arrowhead Apartments in Phoenix Metro

by Lynn Peisner

GLENDALE, ARIZ. — TerraCap Management has acquired Tresa at Arrowhead Apartments in Glendale from Hamilton Zanze, which has held the 360-unit property since 2016. Situated on 19 acres at 17722 N. 79th Ave., Tresa at Arrowhead features one-, two- and three-bedroom units ranging from 638 to 1,353 square feet. Originally built in 1998, the property is 24 miles northwest of Phoenix and adjacent to Arrowhead Town Center. Amenities at the gated community include an outdoor pool with a hot tub, grilling and picnic areas, a clubhouse, game room, dog park …

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Cedar-Square2-Beaverton
Investment SalesNewsOregonWestern

JV Buys Cedar Square Apartments in Oregon for $29.9M

by Lynn Peisner

BEAVERTON, ORE. — A joint venture consisting of Glencrest Group and Sky Alps Capital has acquired Cedar Square Apartments in Beaverton, about 9 miles west of Portland, Oregon. An unnamed local investor sold the 155-unit, garden-style asset for approximately $29.9 million. JLL Capital Market’s investment sales team was led by Ira Virden, Carrie Kahn and Owen Wise. JLL’s Debt Advisory team, which arranged an acquisition loan, was headed up by Charles Halladay and Jonah Aelyon. Cedar Square was built in 1980 with additions completed in 2016 and 2024. The property …

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Enclave-Rigden-Farm-Fort-Collins
BerkadiaColoradoInvestment SalesNewsWestern

Avanti Residential Buys Enclave Rigden Farm in Colorado for $40.8M

by Lynn Peisner

FORT COLLINS, COLO. — Berkadia has arranged the $40.8 million sale of Enclave Rigden Farm, a 105-unit rental townhome community in Fort Collins. Berkadia’s Denver-based team, led by Robert Bratley, Jack Sanders, Mike Grippi and Pamela Koster, represented the seller, Granite Capital Group, a Santa Barbara, California-based commercial real estate investment firm. Avanti Residential, a multifamily owner-operator based in Denver, was the buyer Located at 2758 Iowa Drive, the property was built in 2007 and features 105 townhomes with direct access to garages and private patios.

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Apex-at-Twin-Creek-Bellevue
Investment SalesMidwestNebraskaNews

Northmarq Arranges $44.2M Sale of Apex at Twin Creek in Nebraska

by Lynn Peisner

BELLEVUE, NEB. — Northmarq has arranged the $44.2 million sale of Apex at Twin Creek, a 240-unit garden-style community at 4002 Raynor Parkway in Bellevue, 10 miles south of Omaha. The property is also five miles west of Offutt Air Force Base. Northmarq represented the New York-based seller, Briar Capital Management. The buyer was Clipper Capital Group. Northmarq’s Newport Beach debt and equity team led by Joe Giordani, Brendan Golding and Scott Botsford, arranged $28.7 million in acquisition financing on behalf of Clipper through Freddie Mac. Apex at Twin Creek …

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