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Investment Sales

8001 Woodmont in Bethesda, Maryland
Investment SalesMarylandNewsNortheast

Peterson Cos. Buys 8001 Woodmont in Bethesda, Maryland, for $194 Million

by Channing Hamilton

BETHESDA, MD. — Fairfax, Virginia-based developer Peterson Cos. has purchased 8001 Woodmont, a 322-unit community in Bethesda, about seven miles north of Washington, D.C. JBG Smith Properties sold the property for $194 million. Robert Jenkins, Bret Thompson and Andrew Gemma of JLL Capital Markets represented the seller in the deal.  Delivered in 2021, 8001 Woodmont offers a mix of one-, two- and three-bedroom floor plans. Residents have access to amenities such as a fitness center, rooftop terrace, outdoor pool and concierge services. The property also includes 19,452 square feet of …

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Investment SalesNewsOklahomaTexas

Home Invest Acquires 100-Unit Community in Del City, Oklahoma

by Channing Hamilton

DEL CITY, OKLA. — Home Invest, a private investment firm and fund manager headquartered in Sarasota, Florida, has bought Morgan Terrace in Del City, six miles east of Oklahoma City, Oklahoma. An undisclosed, California-based investor sold the asset for $3.7 million. According to Apartments.com, Morgan Terrace was completed in 1964 and offers one-, two- and three-bedroom units, as well as a courtyard and onsite laundry facilities.

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Queens WeHo in Nashville, Tennessee
Investment SalesNewsSoutheastTennessee

Origin Investments Buys Queens WeHo in Nashville, Tennessee

by Channing Hamilton

NASHVILLE, TENN. — Origin Investments has purchased Queens WeHo, a 221-unit property located in downtown Nashville’s Wedgewood-Houston neighborhood. Proffitt Dixon, who developed the community in 2023, sold the asset for an undisclosed price.  The property offers a mix of studio, one-, two- and three-bedroom apartments ranging from 559 to 1,120 square feet. The ground level features a 6,461-square-foot restaurant space, which is occupied by Mercado by Butchertown. The asset was 94 percent occupied at the time of sale. Queens WeHo marks the second acquisition of the Chicago-based buyer’s Origin Exchange …

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FinanceFloridaInvestment SalesNewsSoutheast

Joint Venture Secures $77.7 Million in Acquisition Financing for Miami Property

by Channing Hamilton

MIAMI — A joint venture between BH Group and InterVest Capital Partners has received a $77.7 million loan for the acquisition of Wake Biscayne Bay, a 338-unit community in Miami’s North Bay Village. Locally based BridgeInvest provided the loan. The property consists of two 10-story buildings at 7525 E. Treasure Drive and 1900 S. Treasure Drive. Apartments come in studio, one-, two- and three-bedroom floor plans, according to the property website.

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Town Deer Valley Apartments in Phoenix
ArizonaInvestment SalesNewsWestern

Goodman Real Estate Acquires Phoenix Asset for $131.1 Million

by Channing Hamilton

PHOENIX — Goodman Real Estate has purchased Town Deer Valley Apartments, a 388-unit property located in Phoenix, for $131.1 million. Residents have access to shared amenities such as multiple pools and fitness facilities. Town Deer Valley was built in 2022, according to Apartments.com. Units come in one-, two- and three-bedroom floor plans. The seller was not disclosed. Institutional Property Advisors’ Phoenix office brokered the deal. Walker & Dunlop arranged financing for the project.

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Investment SalesNew YorkNewsNortheast

Brax Realty Arranges $8.5 Million Sale of Brooklyn Asset

by Channing Hamilton

NEW YORK CITY — Locally based brokerage firm Brax Realty has arranged the $8.5 million sale of an eight-unit property located at 150 N. Ninth St. in the Williamsburg neighborhood of Brooklyn. The building rises four stories and was originally constructed in 1910, according to LoopNet Inc. Units at the property were recently renovated. Alan Stenson of Brax Realty brokered the deal. The buyer and seller were not disclosed.

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SKYE of Turtle Creek in Dallas
Investment SalesNewsTexas

Knightvest Capital Buys 331-Unit Uptown Dallas Community

by Channing Hamilton

DALLAS — Knightvest Capital has acquired SKYE of Turtle Creek, a 331-unit high-rise building in Uptown Dallas. SKYE of Turtle Creek was built in 1998. According to Apartments.com, the community offers one-, two- and three-bedroom floor plans. Amenities include a clubhouse, package service and a pet play area. The property also features direct access to Katy Trail, a 3.5 mile walking trail. The acquisition marks the sixth investment in Knightvest’s Fund II. The new owner plans to renovate a portion of the units and make updates to the exterior and …

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Investment SalesMassachusettsNewsNortheast

Marcus & Millichap Negotiates $10.7 Million Sale of Complex in Winthrop, Massachusetts

by Channing Hamilton

WINTHROP, MASS. — Marcus & Millichap has brokered the $10.7 million sale of Shore Drive Apartments, a 71-unit community in Winthrop, roughly six miles east of Boston. The property offers a mix of studio, one- and two-bedroom units. Plans are underway for the addition of another 27 units as part of a reconstruction effort following a fire at the property last year. Evan Griffith, Tony Pepdjonovic and Will Sanborn of Marcus & Millichap Boston represented the seller and procured the buyer, both of which requested anonymity, in the deal.

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The Commons at Water’s Edge in Columbus, Ohio
Investment SalesMidwestNewsOhio

Reynolds Asset Management Acquires 432-Unit Community in Columbus, Ohio

by Channing Hamilton

COLUMBUS, OHIO — Reynolds Asset Management, in partnership with the Slabotsky Family Office, has purchased The Commons at Water’s Edge in Columbus for an undisclosed price. George Skaff, Carter Stephens and Julie Mickley of Newmark brokered the transaction, while Henry Stimler and Ricky Warner of Newmark procured the debt. The Commons at Water’s Edge offers 432 units in one- and two-bedroom configurations. The new ownership plans to invest over $10 million to overhaul the property. Renovations are expected to begin immediately and will continue through 2026.

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Metro on First in Seattle
Investment SalesNewsWashingtonWestern

Kidder Mathews Brokers $42.6 Million Sale of Seattle Property

by Channing Hamilton

SEATTLE — Kidder Mathews has arranged the $42.6 million sale of Metro on First, a 106-unit property in Seattle’s Queen Anne neighborhood. Located at 215 First Ave. W., Metro on First offers studio, one- and two-bedroom apartments. The 72,194-square-foot community was built in 2001 and has undergone interior renovations in recent years. Dylan Simon, Jerrid Anderson and JD Fuller of Kidder Mathews’ Simon | Anderson Multifamily team represented the seller, a large institutional owner, and sourced the undisclosed buyer in the deal.

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