Investment Sales

The-Flats-Oceanside
CaliforniaInvestment SalesNewsWestern

CBRE Brokers $14.4M Sale of The Flats in Oceanside, California

by Lynn Peisner

OCEANSIDE, CALIF. — CBRE has arranged the $14.4 million sale of The Flats, an 18-unit property in Oceanside, approximately 38 miles north of San Diego. CBRE’s Rachel Parsons, Philip Buckley and Anna Kampling represented FABRIC, the seller, in the sale. Conor Brennan, also of CBRE, represented the Dan and Cynthia Kronemyer Family Trust in the acquisition. The property was developed in 2024 and includes two ground-floor retail spaces totaling 2,785 square feet. Units are offered as one- and two-bedroom floor plans.

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Cottages-of-Monroe-NC
Build-to-RentInvestment SalesNewsNorth CarolinaSoutheast

FCP Buys Metro Charlotte BTR Project for $41M

by Lynn Peisner

MONROE, N.C. — FCP, a Chevy, Chase, Maryland-based investment firm, has acquired Cottages of Monroe, located 26 miles southeast of Charlotte, for approximately $41.3 million. The asset was previously named Yardly Monroe and is comprised of 151 one-story, semi-detached single-family residences that were built in 2024. Greystar has been hired to manage the property. Units are offered as one- or two-bedroom floor plans with enclosed back yards. Amenities include a resort-style pool, grills, a fitness center, walking path, a dog park, outdoor dining areas and firepits. The seller, represented by …

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11-Schubert-St-Boston
Investment SalesMassachusettsNewsNortheast

Marcus & Millichap Brokers $3.2M Sale of Boston Property

by Lynn Peisner

BOSTON — Marcus & Millichap has arranged the sale of an 11-unit property at 11 Schubert St. in Boston. The asset traded between two private parties for the sum of approximately $3.2 million. About half the units were vacant at the time of the sale, allowing the buyer to begin renovations immediately, according to Marcus & Millichap, whose Boston-based team was headed up by Tony Pepdjonovic and Evan Griffith. The asset, constructed circa 1970, sits on a 0.18-acre parcel and includes a mix of one- and two-bedroom units, seven off-street …

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Grove-at-Main-Bloomington
IllinoisInvestment SalesMidwestNews

Cinnaire Solutions Buys Grove at Main in Bloomington, Illinois

by Lynn Peisner

BLOOMINGTON, ILL. — Cinnaire Solutions has acquired Grove at Main, a 165-unit property in Bloomington. Northmarq represented the seller, Pensam. The asset was developed in multiple phases between 1979 and 2003. Grove at Main offers a mix of one‑ and two‑bedroom floor plans. Since 2021, Pensam has invested approximately $5.1 million in upgrades to the 16-building property. Enhancements include interior renovations to 158 units, updated roofs and windows, new landscaping, exterior stair replacements and mechanical improvements.

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William's-Glen-Zionsville
IndianaInvestment SalesMidwestNews

Buckingham Cos Sells Reserve at Williams Glen in Metro Indianapolis

by Lynn Peisner

ZIONSVILLE, IND. — Birge & Held has acquired Reserve at William’s Glen in the northwest Indianapolis suburb of Zionsville from Buckingham Cos. for an undisclosed sum. CBRE’s Hannah Ott, George Tikijian, Cam Benz and Claire Hassfurther represented the seller in the transaction. Both buyer and seller are headquartered in Indianapolis. The 268-unit community was developed in 2001. The property features such amenities as a resort‑style pool, 24‑hour fitness center, a clubhouse, business center, dog park, a yoga and meditation room and wooded walking trails.

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Affordable HousingDevelopmentInvestment SalesNewsSoutheastTennessee

Dominium Closes on Land Sale for Evermere at Trinity in Nashville

by Lynn Peisner

NASHVILLE, TENN. — Dominium has acquired land at 865 W. Trinity Lane in Nashville for the future development of Evermere at Trinity, a 233-unit, LIHTC-backed affordable housing community. Weis Construction is the general contractor. Homes will include private balconies, full-sized washers and dryers, walk-in closets, stainless steel appliances and high-speed internet. A fitness center, pool and playground are among the amenity highlights. Neither a construction timeline nor rent restrictions were disclosed. Within the past year, Dominium has also acquired land in Nevada, Arizona and Oklahoma for additional upcoming affordable housing …

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Meridian-at-Bedford-New-Hampshire
FinanceInvestment SalesNew HampshireNewsNortheast

Northmarq Arranges $24M Sale of  The Meridian at Bedford in New Hampshire

by Lynn Peisner

BEDFORD, N.H. — Northmarq has arranged the financing and sale of The Meridian at Bedford, an 85-unit community at 66 Hawthorne Ave. in Bedford. The seller was a private, New Hampshire-based investor, and the buyer was Arrowpoint Properties LLC. The asset traded for approximately $24 million. Northmarq’s debt and equity team arranged a $17.7 million Fannie Mae loan for Arrowpoint. The community, which was renovated in 2024, features a fitness center, laundry facilities, storage and a recreation room. Units are offered as studio, one- or two-bedroom floor plans.

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Lakeside-Villas-Sunrise
FinanceFloridaInvestment SalesNewsSoutheast

Lakeside Villas in Miami Metro Sells for $23M

by Lynn Peisner

SUNRISE, FLA. — David Schwadrom has sold Lakeside Villas, a 116-unit, build-to-rent property in Sunrise, 36 miles north or Miami, for $23 million. The buyer is a joint venture consisting of MAP Communities, Highline Real Estate and 340 Properties. JLL arranged a $15.5 million acquisition loan on behalf of the buyer, while Marcus & Millichap arranged the sale on behalf of Schwadrom. The asset, built in 1984, had not traded during the past 30 years, approximately. The property sits on 14 acres and features single-family, two-bedroom, two-bathroom villas with private …

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Kingston-McLean
BerkadiaInvestment SalesNewsNortheastVirginiaWashington, D.C.

Berkadia Arranges Sale of Kingston at McLean Crossing in D.C. Metro

by Lynn Peisner

MCLEAN, VA. — Berkadia has arranged the sale Kingston at McLean Crossing, a 319-unit property in McLean that was developed in 2018. JLL Income Property Trust and LCOR were the sellers. Pantzer Properties was the buyer. The deal closed on Jan. 30, at which time the asset was 96 percent occupied. Berkadia’s Brian Crivella, Yalda Ghamarian, Bill Gribbin and Jack Canepa of Berkadia DC Metro represented the sellers. Since the acquisition, Pantzer has rebranded the asset The Point at McLean. Located at 7480 Birdwood Ave., Kingston at McLean Crossing comprises …

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Canterbury-Green-Fort-Wayne
IndianaInvestment SalesMidwestNews

Morgan Properties Buys 2,000-Unit Canterbury Green in Fort Wayne

by Lynn Peisner

FORT WAYNE, IND. — Pennsylvania-based Morgan Properties has acquired Canterbury Green, a 1,998-unit community situated across 195 acres in Fort Wayne. The seller was a joint-venture between New York City-based Osso Capital and Philadelphia-based GoldOller Real Estate Investments. CBRE’s Hannah Ott, George Tikijian, Cam Benz, Claire Hassfurther, Ryan Stockamp, Taylor Ford and Sean Pingel represented the seller. GoldOller and Prospect Capital Corp. bought the property from AIMCO Holdings QRS in 2014 for $85.5 million. The asset, among the larger single-site multifamily communities in the nation, was developed between 1969 and …

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