Sunday, October 27, 2024
Read the Digital Magazines Subscribe to the Newsletter

Investment Sales

Summit Square Apartments in Lee's Summit, Missouri
Investment SalesMidwestMissouriNews

Avanti Residential Acquires $80 Million Summit Square Apartments Near Kansas City, Missouri

by Channing Hamilton

LEE’S SUMMOT, MO. — Avanti Residential has purchased Summit Square Apartments from NorthPoint Development for $80 million. Built in 2018, Summit Square is a 308-unit community in the Kansas City, Missouri suburb of Lee’s Summit. According to Apartments.com, the property offers one- and two-bedroom floor plans, as well as amenities such as a fitness center, car wash, pool, clubhouse, a lounge and media center. Mac Crowther and Whittaker Potts of Newmark represented NorthPoint Development in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Tuscany Bay in Lawrenceberg, Indiana.
FinanceIndianaInvestment SalesMidwestNews

Revitate Cherry Tree Acquires Tuscany Bay Near Cincinnati, Closes Fund Activity With $110 Million Portfolio

by Channing Hamilton

LAWRENCEBERG, IND. — Revitate Cherry Tree has acquired Tuscany Bay, a 96-unit property in Lawrenceburg, approximately 26 miles west of Cincinnati. Built in 1999, Tuscany Bay offers two- and three-bedroom floor plans, as well as amenities such as a clubhouse, pool, playground, TV room and fitness center. The property is located 17 miles from the Amazon Air Hub, a $1.5 billion air cargo facility at the Cincinnati/Northern Kentucky International Airport. With the acquisition of Tuscany Bay, Revitate Cherry Tree has completed investment in its multifamily fund with a $110 million portfolio comprising 841 …

Continue Reading
0 FacebookTwitterLinkedinEmail
IllinoisInvestment SalesMidwestNews

KCB Real Estate Purchases Property at 914 W. Hubbard St. Near Chicago’s Fulton Market District 

by Channing Hamilton

CHICAGO — KCB Real Estate has acquired a 26-unit community in Chicago for an undisclosed price. Built at 914 W. Hubbard St. in 2006, the asset offers a mix of one- to five-bedroom floorplans. Units feature washers and dryers, dishwashers, walk in closets, and patios or balconies. The property is located two blocks from Chicago’s Fulton Market District and approximately two minutes from Google’s Chicago headquarters. The Pasadena, California-based KCB Real Estate plans to renovate the building façades and units, beginning with improvements to the sidewalls and the lobby.

Continue Reading
0 FacebookTwitterLinkedinEmail
Sierra Sun Apartments in Puyallup, Washington.
Investment SalesNewsWashingtonWestern

Equus Capital Partners Acquires 150-Unit Sierra Sun Apartments Near Seattle

by Channing Hamilton

PUYALLUP, WASH. — Equus Capital Partners (Equus) has acquired Sierra Sun Apartments, a 150-unit property in the Seattle suburb of Puyallup. Built in 2006, Sierra Sun comprises 20 apartment buildings and an 8,500 square-foot clubhouse and amenity center. The community offers one-, two- and three-bedroom townhome-style units. Each unit includes an attached two car garage. Equus will conduct $2 million in renovations to the asset, including interior and exterior updates, as well as enhancements to the clubhouse and amenity center. Madison Apartment Group, a subsidiary of Equus, will oversee the …

Continue Reading
0 FacebookTwitterLinkedinEmail
A photo of The Michael B Townhomes and Flats in Las Vegas.
Investment SalesNevadaNewsWestern

Davlyn Investments Acquires Spectrum in Las Vegas for $67 Million

by Channing Hamilton

LAS VEGAS — San Diego-based owner-operator Davlyn Investments has closed on the $67 million purchase of Spectrum, a 252-unit community in Las Vegas’ The Curve neighborhood. Taylor Sims and Brady Cleary of Cushman & Wakefield represented the seller. Mitch Clarfield and Meghan Varga of Newmark arranged the debt. Spectrum was built in 2010 and offers one- and two-bedroom floor plans. Davlyn Investments has since rebranded the property as The Michael B Townhomes and Flats. 

Continue Reading
0 FacebookTwitterLinkedinEmail
The sundeck of Ranchero Palms, a community in San Jose, California.
CaliforniaInvestment SalesNewsWestern

CBRE Brokers $15.4 Million Sale of Ranchero Palms in San Jose, California

by Channing Hamilton

SAN JOSE, CALIF. — CBRE arranged the $15.4 million sale of Ranchero Palms, a 61-unit community in San Jose. Keith Manson, Zachary Greenwood and Mac Watson represented both the buyer and seller. Ranchero Palms one- and two-bedroom floor plans, and was recently renovated with a new entry way, new railings and stairways and updated main electrical service. According to Apartments.com, the property was built in 1969 and offers community amenities such as a pool, a sundeck, on-site laundry facilities and dry cleaning services.

Continue Reading
0 FacebookTwitterLinkedinEmail
An aerial 3D rendering of the Highline in Colombia Falls, Montana
Investment SalesMontanaNewsWestern

Brickman Real Estate Acquires The Highline in Colombia Falls, Montana

by Channing Hamilton

COLOMBIA FALLS, MONT. — Brinkman Real Estate has acquired The Highline, a 180-unit property in Colombia Falls, for an undisclosed price. Colombia Falls is located within Montana’s Flathead County. Triad Real Estate Partners represented both Brinkman and the seller in the transaction. The Highline was built in 2020. Brinkman plans to renovate the community with new landscaping and signage, smart home packages and laundry to all units, and amenities such as a grilling area. According to the property website, community amenities currently include a playground, dog park and a clubhouse.

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaInvestment SalesNewsWestern

Legacy Partners Acquires $18.3 Million Del Amo Village Development Site Near Los Angeles

by Channing Hamilton

TORRANCE, CALIF. — Legacy Partners has purchased Del Amo Village, a development site located in the Los Angeles suburb of Torrance, for $18.3 million. The site comprises 2.8 acres located within Los Angeles County’s South Bay submarket at 1844 Plaza del Amo. The development plan for the project includes entitlements for 200 market-rate units. Kevin Shannon, Ken White, Chris Benton, Michael Moore and Anthony Muhlstein of Newmark represented the sellers, which were PCCP, LaCaze, Muller Company and Bentall GreenOak.

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment SalesNewsTexas

Nitya Capital Sells Four Properties in Texas

by Channing Hamilton

SAN ANTONIO, AUSTIN AND DUNCANVILLE, TEXAS — Nitya Capital has sold four communities in Texas to Lone Star Capital and Nord Group, respectively, for an undisclosed price. All four assets were acquired by Nitya within the last four years. According to Nitya, the firm renovated the interiors and exteriors of the properties, as well as the pools, kitchens and leasing offices. Nitya Capital also added new amenities to the communities. The sold properties include:

Continue Reading
0 FacebookTwitterLinkedinEmail
The Apartments at Brayden in Fort Mill, S.C.
Investment SalesNewsSouth CarolinaSoutheast

Knightvest Capital Acquires The Apartments at Brayden Near Charlotte, North Carolina

by Channing Hamilton

FORT MILL, S.C. — Knightvest Capital has acquired The Apartments at Brayden, a 332-unit garden-style community in Fort Mill, for an undisclosed price. Fort Mill is a southern suburb of Charlotte, North Carolina. The Apartments at Brayden was built in 2016 and offers one-, two- and three-bedroom floor plans. Community amenities include a swimming pool, fitness center and clubhouse. The acquisition is Knightvest Capital’s fifth investment in the Charlotte metropolitan area since 2020.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2024 France Publications, dba France Media Inc.