HENDERSON, NEV. — San Francisco-based multifamily investment firm Hamilton Zanze has acquired Fairways on Green Valley, a 320-unit garden-style community adjacent to the Legacy Golf Club in the Green Valley South neighborhood of Henderson, 18 miles southeast of Las Vegas. The deal closed on Feb. 19. Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed the role of property manager. The purchase marks Hamilton Zanze’s first in 2026. The company acquired seven properties last year. Fairways on Green Valley was developed in 1990. The one- and two-bedroom units are …
Investment Sales
Northmarq Arranges $19.5M Sale of Affordable Housing Community in Olympia, Washington
OLYMPIA, WASH. — Northmarq’s Seattle-based investment sales team led by Joe Kinkopf, Steve Fischerand and Tyler Smith has arranged the $19.5 million sale of Merritt Manor, an 82-unit affordable housing community located at 3335 Martin Way E. in Olympia. Northmarq represented the seller, doing business as Fourth Street’s Merritt Manor LLC. The buyer was an entity named Merritt Manor LLC. Merritt Manor was developed in 2020 and includes amenities such as a community garden, grills, a playground, electric vehicle charging stations and a lounge. Specific income restrictions were not disclosed, …
AVONDALE, ARIZ. — Avalon Townhomes, a 70-unit rental townhome community 18 miles west of Phoenix, has been acquired by LVP Partners for $30.1 million. Mark Forrester, Andrew Curtis and Ryan Boyle of Berkadia Phoenix led the transaction on behalf of the seller, Bela Flor & TruVista Development. The property opened in 2025, offering a mix of two- and three-bedroom townhomes with dedicated driveways, enclosed backyards and electric vehicle chargers. Community amenities include a resort-style pool and hot tub, a pet park, an outdoor fitness circuit, grilling area and guest parking.
PORT WENTWORTH, GA. — Henderson Park and Green Room Partners have acquired Pointe Grand, a 288-unit garden-style community in Port Wentworth, a suburb of Savannah. The sales price and seller were not publicly disclosed, but Hillpointe sold the asset in 2022 for $86.4 million. Built in 2021, Pointe Grand is situated on 36 acres and is comprised of two-bedroom units. Amenities include a pool, a 24-hour fitness center, a dog park, a firepit, clubhouse, valet trash services, a coffee and tea bar and a picnic area with grills.
PLEASANT PRAIRIE, WIS. — Berkadia has arranged the sale of two properties, Cobblestone Creek and Fountain Ridge, in Pleasant Prairie, Wisconsin, a village about 37 miles south of Milwaukee and 56 miles north of Chicago. The buyer was Illinois-based Santefort Real Estate Group. The undisclosed seller was represented by Pete Evans of Berkadia Chicago and Richard Evans of Berkadia Milwaukee. The deal closed on Feb. 11, at which time both properties were fully occupied. Laura Cathlina, Chris Blechschmidt and Emily Stang of Berkadia Chicago arranged approximately $69 million in acquisition financing …
COON RAPIDS, MINN. — JLL has arranged the sale of Lyra at Riverdale Station, a 180-unit property in the Twin Cities suburb of Coon Rapids. JLL represented the undisclosed seller and secured the buyer, Wisconsin-based MLG Capital. Acquisition financing was secured by MLG assuming the property’s existing HUD loan. Along with Lyra, Aster, an adjacent multifamily property, comprises the residential component of Riverdale Station, a walkable district with retail, grocery and restaurant offerings. JLL’s team was led by Josh Talberg and Joseph Peris.
LONGMONT, COLO. — Thompson Thrift has sold Notch66, a 336-unit property in Longmont, approximately 20 miles northeast of Boulder, Colorado. Arizona-based The Wolff Co. acquired the asset for an undisclosed cost. Thompson Thrift developed the property, launching construction in 2022 and completing it in June 2024. At the time of the sale, Notch66 was 93 percent occupied. Indiana-based Thompson Thrift has developed 22 properties in Colorado, including three in Longmont. Notch66 features one-, two- and three-bedroom apartments with private yards and detached garages in select units. Amenities include a clubhouse, …
CHICAGO — Greenstone Partners has arranged the sale of 633 S. Laflin St., a 16-unit community in Chicago’s Little Italy/University Village area. The asset traded between two undisclosed parties for approximately $3.1 million. The three-story building features a mix of one- and two-bedroom apartments. The property includes surface parking. Greenstone Partners’ Tom Galvin and Brewster Hague represented the seller, a private local owner, and procured the purchaser, a private partnership based in Illinois.
SANTEE, CALIF. — CBRE has arranged the $26.5 million sale of La Roca Plaza, a 100-unit property located at 10032 North Magnolia Ave. in Santee, about 20 miles northeast of San Diego. CBRE’s Conor Brennan and Rachel Parsons represented both the buyer and seller in the transaction. The parties were doing business as Casa La Roca Apartments LLC and La Roca Plaza LP. Situated on 4.6 acres, La Roca Plaza offers a mix of one-, two- and three‑bedroom floor plans. Amenities include a pool, playground, central courtyard, on-site laundry, high-speed …
GEORGETOWN, TEXAS — Machine Investment Group (MIG), a New York City-based investment firm, has acquired Rise 120, a 227-unit community in Georgetown, 26 miles north of Austin, Texas. The property, which opened in 2024, also includes 15,000 square feet of retail. MIG partnered with San Diego-based Alta Real Estate Partners on the deal. Walker & Dunlop represented the undisclosed seller. MIG plans to add amenities, such as a golf simulator, sauna and cold plunge. Existing amenities include a pool, fitness center, resident lounge, a grill area and a dog park.