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Investment Sales

Millennium Edina in Edina, Minnesota
Investment SalesMidwestMinnesotaNews

JLL Brokers $74.7 Million Sale of Millennium Edina in Minneapolis Suburb

by Channing Hamilton

EDINA, MINN. — JLL Capital Markets has arranged the sale of Millennium Edina, a 227-unit mid-rise community in the Minneapolis suburb of Edina. A private investor acquired the asset from a joint venture between Dakota Pacific Real Estate and Landmark Cos. for $74.7 million. JLL worked on behalf of the new owner to secure the financing. The loan will be serviced by JLL Real Estate Capital, a Fannie Mae DUS lender. Millennium Edina was built in 2021. The property offers features studio, one-, two- and three-bedroom units. Amenities include a game room, …

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Investment SalesNewsTexas

Marcus & Millichap Brokers Sale of Tucasa Townhomes in Irving, Texas

by Channing Hamilton

IRVING, TEXAS — Marcus & Millichap has brokered the sale of Tucasa Townhomes, a 128-unit community in the Dallas suburb of Irving. Al Silva, Ford Braly and Dylan York of Marcus & Millichap represented the undisclosed seller and procured the buyer, an out-of-state partnership. According to Apartments.com, Tucasa Townhomes was built in 1964. Units come in studio, one- and two-bedroom floor plans. Amenities include a pool and a courtyard.

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The Drake at Deerwood in Jacksonville, Florida
FloridaInvestment SalesNewsSoutheast

American Landmark Apartments Acquires The Wimberly at Deerwood in Jacksonville, Florida

by Channing Hamilton

JACKSONVILLE, FLA. — American Landmark Apartments has acquired The Wimberly at Deerwood, a 322-unit property in the Deerwood neighborhood of Jacksonville. The community was built in 2000 and offers one-, two- and three-bedroom floor plans. American Landmark plans to renovate all units with granite countertops, new kitchen backsplashes, new cabinet faces, smart technology and new plumbing and lighting fixtures. American Landmark will also upgrade the community’s clubhouse, fitness center, and pool, as well as add EV charging stations and package lockers. Exterior renovations will include upgraded roofs, landscaping and exterior …

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Solo at North Bergen in North Bergen, N.J.
Investment SalesNew JerseyNewsNortheast

Denholtz Properties Acquires Solo at North Bergen in Hudson County, New Jersey

by Channing Hamilton

NORTH BERGEN, N.J. — Denholtz Properties has acquired Solo at North Bergen in North Bergen, a city in New Jersey’s Hudson County. Solo at North Bergen was completed in 2023 and offers 214 units across four buildings. Amenities include a 5,000-square-foot clubhouse with billiards tables, fitness center, pool with grilling stations and a sauna, dog run and package room. The property is located near the Tonnelle Avenue Light Rail Station and an NJ Transit bus stop with direct access to New York City, as well as the Port Imperial/Weehawken ferry …

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DevelopmentInvestment SalesKansasMidwestNews

Block & Co. Brokers Sale of 12.8-Acre Development Site in Overland Park, Kansas

by Channing Hamilton

OVERLAND PARK, KAN. — Block & Co. Inc Realtors has brokered the sale of a 12.8-acre site on the southwest corner of 135th Street and Antioch Road in Overland Park. David Block and Mark McConahay of Block & Co. represented the undisclosed seller. The buyer plans to develop an apartment complex on the site. Construction is expected to begin immediately, with completion slated for 2024. Block & Co. will market the remaining 4.2 acres of land that runs along the north edge of the property along 135th Street. Four pad …

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Arbors at Fair Lakes in Fairfax, Virginia
Investment SalesNewsSoutheastVirginia

JLL Brokers $85.6 Million Sale of Arbors at Fair Lakes in Fairfax, Virginia

by Channing Hamilton

FAIRFAX, VA. — JLL Capital Markets has arranged the sale of Arbors at Fair Lakes, a 282-unit, value-add community in Fairfax. Stockbridge sold the property to GID for $85.6 million. Bret Thompson and Robert Jenkins led the Capital Markets Investment Sales Advisory team that brokered the deal. Arbors at Fair Lakes was built in 1987. The property features one-, two- and three-bedroom units with in-unit washers and dryers, patios and balconies, fireplaces and walk-in closets. Amenities include a fitness center, pool, business center, tennis court with a perimeter running track, …

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Investment SalesNewsTexas

Harbor Group International Acquires The Warner in Austin Suburb

by Channing Hamilton

ROUND ROCK, TEXAS — Harbor Group International has acquired The Warner, a 336-unit complex in the north Austin suburb of Round Rock. Newmark’s Patton Jones facilitated the transaction. The Warner was built in 2022. Community amenities include a fitness center, a pool with outdoor kitchens, a lounge, dog park and a parking garage with EV charging stations. The Warner was 98 percent leased as of July 2023. The property is located near several tech company campuses, including Dell’s corporate headquarters, Apple’s Austin campus and Samsung’s semiconductor manufacturing facility, which is scheduled for completion in …

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Jasper Columbia Pike in Arlington, Virginia
Investment SalesNewsSoutheastVirginia

Northmarq Brokers Sale of Jasper Columbia Pike in Arlington, Virginia

by Channing Hamilton

ARLINGTON, VA. — Penzance has acquired Jasper Columbia Pike in Arlington for an undisclosed price. Chris Doerr, Will Harvey and Shack Stanwick of Northmarq’s Mid-Atlantic investment sales team brokered the deal. Jasper Columbia Pike offers 269 units in studio, one- and two-bedroom floor plans. Amenities include a golf simulator room, pool with cabanas, outdoor courtyard with barbeque grills, pool and shuffleboard tables, a clubhouse, business center and a fitness center with cardio and strength training equipment.

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FloridaInvestment SalesNewsSoutheast

Blaze Capital Partners Acquires 203-Unit Integra Lakes Near Orlando, Florida

by Channing Hamilton

CASSELBERRY, FLA. — Blaze Capital Partners has purchased Integra Lakes, a 203-unit community in the northeast Orlando suburb of Casselberry. The community was built in 2017 and comprises four buildings. Units come in studio, one-, two- and three-bedroom floor plans. Amenities include a pool and an outdoor cabana area with a fire pit, barbeque grills and TVs. Blaze Capital Partners plans to renovate the community with updates to unit interiors and common areas.

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CityHouse Ashburn Station in Ashburn, Virginia
DevelopmentInvestment SalesNewsSoutheastVirginia

AREP, GreenBarn Acquire Build-to-Rent Development Site in Ashburn, Virginia, for $120 Million

by Channing Hamilton

ASHBURN, VA. — A partnership between American Real Estate Partners (AREP) and GreenBarn Investment Group has acquired a development site in the Northern Virginia city of Ashburn, approximately 30 miles west of Washington, D.C. Dream Finders Homes sold the property to the partnership for $120 million. The site is approved for the construction of 200 build-to-rent homes. The community will be called CityHouse Ashburn Station. According to the property website, CityHouse Ashburn Station will offer three-bedroom units with an average size of 2,000 square feet. Amenities will include sports courts, …

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