Investment Sales

The Ivy in Chatham, New Jersey
Investment SalesNew JerseyNewsNortheast

JLL Capital Markets Arranges $103 Million Refinancing for The Ivy in Chatham, New Jersey

by Channing Hamilton

CHATHAM, N.J. — JLL Capital Markets has arranged a $103 million loan for the refinancing of The Ivy, a six-story community in the New York City suburb of Chatham. JLL worked on behalf of the borrower, BNE Real Estate Group, to secure the 10-year, fixed-rate loan through The Northwestern Mutual Life Insurance Co. Michael Klein, Thomas Didio and Ryan Carroll led the JLL Capital Markets Debt Advisory team. Completed in 2023, The Ivy offers 245 units in one-, two- and three-bedroom layouts. Units average 1,158 square feet. Amenities include a pool, …

Continue Reading
0 FacebookTwitterLinkedinEmail
306 Cazador Lane in San Clemente, California
CaliforniaInvestment SalesNewsWestern

CBRE Brokers Sale of Two Properties in San Clemente, California, for $5.5 Million

by Channing Hamilton

SAN CLEMENTE, CALIF. — CBRE has brokered the sale of two properties in San Clemente for a combined sale price of $5.5 million. Dan Blackwell, Mike O’Neill and Amanda Fielder of CBRE represented the San Diego county-based seller and both buyers in the transactions.  In the first deal, a private buyer from San Clemente acquired a six-unit property located at 306 Cazador Lane. Constructed in 1951, the 3,535-square-foot building offers one-bedroom units with private back patio areas. Four units were recently remodeled with new kitchens, bathrooms, flooring and decorative paint. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment SalesNewsSoutheastTennessee

Matthews Brokers $31 Million Sale of Victory Place Townhomes in Clarksville, Tennessee

by Channing Hamilton

CLARKSVILLE, TENN. — Matthews Real Estate Investment Services has negotiated the sale of Victory Place Townhomes, a 194-unit property located at 401 Victory Road in Clarksville, about 54 miles northwest of Nashville. BridgeGaps purchased the asset in a 1031 exchange with the seller, Singletary Construction. The community traded hands for $31 million. Austin Tomaiko and Austin Graham of Matthews represented the seller in the deal. Victory Place Townhomes was developed by Singletary Construction in 2021. The property features amenities such as a pool, fitness center, leasing office and dog parks. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Max on Morris in Morristown, New Jersey
Affordable HousingInvestment SalesNew JerseyNewsNortheast

The Hampshire Cos. Sells 85-Unit Max on Morris in Morristown, New Jersey

by Channing Hamilton

MORRISTOWN, N.J. — The Hampshire Cos. has sold Max on Morris, an 85-unit community located at 175 Morris Street in Morristown. Built by The Hampshire Cos. in 2023, Max on Morris offers studio, one- and two-bedroom floor plans. Amenities include an entertainment lounge, break room, outdoor amenity deck with grilling stations, bike storage and EV charging stations. The property also offers four affordable residences and 14 supportive housing units designed for residents with special needs operated by locally-based Cohome. Cushman & Wakefield represented the seller and the private buyer in the …

Continue Reading
0 FacebookTwitterLinkedinEmail
Bell Murrieta Springs in Murrieta, California
CaliforniaInvestment SalesNewsWestern

Bell Partners Acquires Silverado Apartment Homes in Murrieta, California, for $146.5 Million

by Channing Hamilton

MURRIETA, CALIF. — Bell Partners has acquired Silverado Apartment Homes in Murrieta, 65 miles north of San Diego, on behalf of the company’s Value Add Fund VII investors. Realty Center Management sold the asset to Bell Partners for $146.5 million. The new owner plans to rebrand the community as Bell Murrieta Springs. Bell Murrieta Springs was constructed in 2007. The property offers 492 one-, two- and three-bedroom apartments with average unit size of 948 square feet. Amenities include a green belt with a walking trail surrounding the entire property, two …

Continue Reading
1 FacebookTwitterLinkedinEmail
Forum Flats in Troy, Michigan
FinanceInvestment SalesMarket ReportsMichiganMidwest

Why Metro Detroit Should Be on Apartment Investors’ Radar Screens

by Channing Hamilton

The multifamily market in Detroit, characterized by its mature and stable nature, boasts robust operating fundamentals, making it an attractive investment destination. While markets across the country are facing swells of new apartment deliveries resulting in oversupply, Detroit is forecast to easily absorb all new units that come online in 2024.  In fact, 4,896 units are expected to be absorbed in 2024 while only 4,072 new units will be delivered — illustrating the strong, stable demand across the metro area.  The positive outlook for rent growth is another encouraging sign. …

Continue Reading
1 FacebookTwitterLinkedinEmail
Fielder’s Glen in Arlington, Texas
Investment SalesNewsTexas

Marcus & Millichap Brokers Sale of 220-Unit Fielder’s Glen in Arlington, Texas

by Channing Hamilton

ARLINGTON, TEXAS — Marcus & Millichap has negotiated the sale and financing of Fielder’s Glen, a 220-unit asset in Arlington. Rise48 Equity purchased the asset from Western Wealth Capital for an undisclosed price. Fielder’s Glen offers studio, one- and two-bedroom units. Amenities include a pool, barbeque and picnic area, laundry facilities and a fitness center.  Al Silva and Ford Braly of Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller and procured the buyer. Brandon Brown with Marcus & Millichap Capital Corp. arranged acquisition financing.

Continue Reading
0 FacebookTwitterLinkedinEmail
Speakers at the Investment Sales panel at InterFace Affordable Housing Southeast
Affordable HousingFeaturesGeorgiaInvestment SalesSoutheast

Volatility Disrupts Investment Sales Activity in Affordable Housing Market, Says InterFace Panel

by Channing Hamilton

ATLANTA — The investment sales market for the affordable housing sector remains muted for one overarching reason: volatility. Cory Sams, executive managing director of GREA (Global Real Estate Advisors), said that a lack of certainty, especially in the capital markets, is giving buyers and sellers of affordable housing properties pause. “The worst thing for a deal is [interest rates] constantly moving around,” she said. “When they were running up and down, every deal fell apart.” Doug Childers, senior managing director of JLL, estimated that affordable housing transaction volume fell 40 …

Continue Reading
0 FacebookTwitterLinkedinEmail
GeorgiaInvestment SalesNewsSoutheast

Cushman & Wakefield Arrange Sale of 362-Unit The Flats at Westshore in Cumming, Georgia

by Channing Hamilton

CUMMING, GA. — Cushman & Wakefield have brokered the sale of The Flats at Westshore, a 362-unit community in the Atlanta suburb of Cumming. The Flats at Westshore was built in 2022 and is situated within the Westshore Town Center, a 20,000-square-foot retail center. Weinstein Properties acquired the asset from Atlantic Residential for an undisclosed price. Robert Stickel, Alex Brown, Ashlyn Warren, Michael Kay and Sim Patrick of Cushman & Wakefield represented the seller in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Jones & Rio in San Antonio
Investment SalesNewsTexas

JLL Capital Markets Brokers Sale of 191-Unit Jones & Rio in San Antonio

by Channing Hamilton

SAN ANTONIO — JLL Capital Markets has arranged the sale of Jones & Rio, a 191-unit asset located in River North mixed-use district in San Antonio. Robert Arzola, Ryan McBride and Robert Wooten led the Investment Sales and Advisory team representing the seller, Benefit Street Partners. Jones & Rio was built in 2017. According to the property website, amenities include a pool, lounge, fitness center, coffee bar and package system. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2025 France Publications, dba France Media Inc.