PARIS, TEXAS — Dallas-based brokerage firm The Multifamily Group has brokered the sale of The Regency, a 100-unit community in Paris, approximately 100 miles northeast of Dallas. Yonnic Land of TMG represented the seller and procured the buyer in the deal. Both parties requested anonymity. The Regency was built in 1985. The community offers one-, two- and three-bedroom units. Amenities include a pool, onsite laundry facilities and outdoor grilling and dining stations.
Contrary to popular belief, not everyone seeking a better lifestyle moves to Atlanta or Houston. If you live in the Midwest, Columbus has become a prime destination, especially for young people. The metro has a reputation for being more modern, cosmopolitan and affordable than its other Ohio peers like Cincinnati and Cleveland. U.S. News & World Report ranks Columbus among the top 30 “Most Fun Places to Live in the United States.” Then it should come as no surprise that according to a new Bank of America report, Columbus tied with Austin …
MARANA, ARIZ. — Ascent Cos. and Vanderbuild have opened Amavida Marana, a 200-unit community in Marana, 20 miles northwest of Tucson, Arizona. Located at 5555 W. Ina Road, Amavida Marana offers one-, two- and three-bedroom floor plans. Amenities include a four-acre community park, four pickleball courts, a playground, a walking and jogging loop, dog park, EV chargers, an indoor/outdoor fitness center, pool, hot tub, pet washing stations and a clubhouse. Bryten Real Estate Partners is the property manager.
PHOENIX — JLL has brokered the sale of Corona Del Sol, a garden-style community located at 27 E. Corona Ave. in Phoenix. Corona Del Sol was built in 1985. The property features 64 apartments with an average size of 880 square feet. The community was 97 percent leased at the time of sale. KDF Communities purchased the asset from a private high-net-worth seller for $12.6 million. Brian Smuckler, Jeff Seaman, Derek Smigiel and Bryson Fricke of JLL Capital Markets represented the seller and procured the buyer in the deal.
DENTON, TEXAS — Dallas-based private equity firm SPI Advisory has acquired a portfolio of two multifamily properties totaling 248 units in the northern Dallas suburb of Denton. The two properties are Lana Apartments and Aspire Apartments. Mark Allen of GREA represented the seller, Legacy REI, in the transaction. Fritz Waldvogel of Colliers Mortgage originated an undisclosed amount of Fannie Mae acquisition financing for the deal. Lana Apartments was originally constructed in 1981. The garden-style community features 116 apartments. Aspire Apartments comprises 132 units. The property was built in 1970 and …
ARLINGTON, TEXAS — Marcus & Millichap has brokered the sale of Serena Vista, a 120-unit complex in Arlington, 21 miles west of Dallas. Green Mountain Properties LLC purchased the asset from an undisclosed private investment group. Nick Fluellen, Bard Hoover and Chris Pearson of Marcus & Millichap represented the seller and procured the buyer. Serena Vista was built in 1980. The property offers studio, one-, two- and three-bedroom units. Amenities include a pool, fitness center, clubhouse and a dog park.
ELIZABETH, N.J. — SAGE Investment Real Estate Advisors (SAGE) has arranged the sale of a 31-unit property located at 105 Grove St. in the Elmora neighborhood of Elizabeth. Built in 1927, 105 Grove St. offers exclusively one-bedroom units. The asset traded for $4.2 million. Steve Tragash of SAGE represented the seller, a private individual, and procured the buyer, a private investor.
KANSAS CITY, MO. — San Francisco-based investment firm Hamilton Zanze has purchased Crossroads Westside, a 222-unit community in downtown Kansas City, for an undisclosed price. Situated at 601 Avenida Cesar E Chavez, Crossroads Westside was built in 2018. Units come in one- and two-bedroom layouts and range from 614 square feet to 1,252 square feet. Amenities include a pool, dog spa, fitness center, sundeck, private art garden, business center, co-working spaces, fire pit, arcade and entertainment lounge. Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed management of the …
SAN ANTONIO — JLL Capital Markets has arranged the sale and financing of Cottages at Leon Creek, a 284-unit build-to-rent community in San Antonio. Located at 12839 Berthoud Ln., Cottages at Leon Creek was originally built as a student housing asset. The property has since been repositioned as a single-family rental community. Cottages at Leon Creek now offers two-, three- and four-bedroom units. Select units feature fenced-in private yards. Amenities include a pool, fitness center, pickleball court, private workstations and a cinema. The asset also offers direct access to the …
TUCSON, ARIZ. — Bridge Investment Group has divested of Equestrian, a 288-unit property in Tucson. Investors Capital Group acquired the asset for an undisclosed price. Equestrian was built in 2008. The property offers amenities such as a business center, pool, clubhouse, fitness center, covered parking and 70 private detached garages. Clint Wadlund, Hamid Panahi, Steve Gebing and Cliff David of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal.