NEW YORK CITY — Slate Property Group and Avenue Realty Capital have partnered to acquire 45 White Street, a seven-story multifamily building in Manhattan’s Tribeca neighborhood. Benchmark Real Estate Group, represented by JLL, sold the asset for $32 million. Financing was provided by lender White Oak Real Estate Capital. The 16-unit building was originally constructed in 1868 as a commercial office building before being converted to residential use in 2009. The property is part of the Tribeca East Historic District and features a cast iron façade as well as two …
Investment Sales
HIALEAH, FLA. — Coldwell Banker Commercial Realty has arranged the $21.2 million sale of a 74-unit property at 1350 W. 46th St. in Hialeah. Coldwell Banker’s Alex Lizama represented the seller, Royal Income Properties, in the deal. The buyer was a private investment group requesting anonymity. Built in 1972, the property spans approximately 44,940 square feet. The one- and two-bedroom units are complemented by amenities that include a pool and controlled access.
GLENDALE, ARIZ. — TerraCap Management has acquired Tresa at Arrowhead Apartments in Glendale from Hamilton Zanze, which has held the 360-unit property since 2016. Situated on 19 acres at 17722 N. 79th Ave., Tresa at Arrowhead features one-, two- and three-bedroom units ranging from 638 to 1,353 square feet. Originally built in 1998, the property is 24 miles northwest of Phoenix and adjacent to Arrowhead Town Center. Amenities at the gated community include an outdoor pool with a hot tub, grilling and picnic areas, a clubhouse, game room, dog park …
BEAVERTON, ORE. — A joint venture consisting of Glencrest Group and Sky Alps Capital has acquired Cedar Square Apartments in Beaverton, about 9 miles west of Portland, Oregon. An unnamed local investor sold the 155-unit, garden-style asset for approximately $29.9 million. JLL Capital Market’s investment sales team was led by Ira Virden, Carrie Kahn and Owen Wise. JLL’s Debt Advisory team, which arranged an acquisition loan, was headed up by Charles Halladay and Jonah Aelyon. Cedar Square was built in 1980 with additions completed in 2016 and 2024. The property …
FORT COLLINS, COLO. — Berkadia has arranged the $40.8 million sale of Enclave Rigden Farm, a 105-unit rental townhome community in Fort Collins. Berkadia’s Denver-based team, led by Robert Bratley, Jack Sanders, Mike Grippi and Pamela Koster, represented the seller, Granite Capital Group, a Santa Barbara, California-based commercial real estate investment firm. Avanti Residential, a multifamily owner-operator based in Denver, was the buyer Located at 2758 Iowa Drive, the property was built in 2007 and features 105 townhomes with direct access to garages and private patios.
BELLEVUE, NEB. — Northmarq has arranged the $44.2 million sale of Apex at Twin Creek, a 240-unit garden-style community at 4002 Raynor Parkway in Bellevue, 10 miles south of Omaha. The property is also five miles west of Offutt Air Force Base. Northmarq represented the New York-based seller, Briar Capital Management. The buyer was Clipper Capital Group. Northmarq’s Newport Beach debt and equity team led by Joe Giordani, Brendan Golding and Scott Botsford, arranged $28.7 million in acquisition financing on behalf of Clipper through Freddie Mac. Apex at Twin Creek …
BATAVIA, ILL. — Interra Realty has arranged the $7.9 million, off-market sale of a nine-building, 36-unit rental townhome portfolio in Batavia. Neither party to the transaction was named. Interra’s team was led by Nathan Zito, Patrick Kennelly and Paul Waterloo. The properties were 92 percent occupied at the time of sale. Located at 29-65 and 109-155 Spuhler Drive, residences within the community all feature two-bedroom layouts. The buildings were constructed in 1980, and approximately two-thirds of the townhomes have recently undergone interior renovations.
HOUSTON — Berkadia has arranged the sale of Green Tree Place, a 200-unit garden-style property in West Houston. California-based Kairos Investment Management sold the asset, built in 1984, for an undisclosed price. The buyer was Aligned Ventures, a Texas-based investment firm focused on acquiring and operating workforce housing. Berkadia’s Houston-based team representing Kairos was led by Chris Young, Chris Curry, Jeffrey Skipworth, Joey Rippel, Kyle Whitney and Jed Dalton.
GERMANTOWN, TENN. — Locally based Fogelman Properties has acquired The Vineyards of Germantown, a 200-unit community approximately 20 miles east of Memphis, Tennessee. Fogelman acquired the asset through a joint venture with Dallas-based Thackeray Partners, marking the 18th acquisition for the Fogelman-Thackeray partnership. The Vineyards was built in 1997 and was 93 percent occupied at the time of the sale. Units are offered as one-, two- or three-bedroom floor plans. Fogelman is planning to renovate unit interiors, build a new pickleball court, and complete upgrades to the clubhouse, pool, fitness center …
FARMINGVILLE, N.Y. — Inland Real Estate Acquisitions, an affiliate of Inland Real Estate Group of Cos., has acquired The Arboretum for $190 million from BRP Cos. Located at 20 Maple Lane in Farmingville, The Arboretum sits on 62 acres. The 292-unit community was developed in 2024 and offers a mix of single-family homes, townhomes and garden-style apartments in two- and three-bedroom floor plans. Amenities include an outdoor heated pool with cabanas, a fitness center with yoga studios, tennis and bocce courts, a putting green, a playground and a 7-acre park …