Investment Sales

Atlanta Property Sells to EQ Housing Advisors for $39 Million

by Lynn Peisner August 4, 2025

ATLANTA — Aspen Square Management has sold 12th & James in Atlanta’s Upper Westside neighborhood to EQ Housing Advisors for $39 million. Under the new ownership, a public-private partnership with Atlantica Properties will convert the 214 apartments from market-rate to affordable housing. JLL represented Aspen Square in the deal. EQ Housing Advisors is a nonprofit housing investment firm, and Atlantica is a for-profit developer and investor. EQ was founded in 2022 by former RangeWater Chairman Marc Pollack. All groups, except the seller, are Atlanta-based. Atlanta Urban Development Corp. provided the …

August 4, 2025

Investment Sales News Texas

Rise48 Buys East Dallas Asset, Plans Renovations

by Lynn Peisner August 4, 2025

GARLAND, TEXAS — Rise48 Equity has acquired the 248-unit Shiloh Oaks Apartments in Garland, 14 miles northeast of Dallas. The new owners will rebrand the asset Rise Apollo Heights. This deal, an off-market transaction, marks Rise48’s 60th multifamily acquisition since the company’s founding in 2019. Rise48 is planning a value-add program during its hold period of the 1983-constructed asset. The efforts will include upgrades to 217 of the units with new stainless steel appliances, LED lighting, white shaker cabinet doors, resurfaced countertops, updated plumbing fixtures and vinyl plank flooring. In …

August 4, 2025

Finance Investment Sales New York News Northeast

Barings Sells Manhattan High-Rise for $243.5 Million

by Lynn Peisner August 1, 2025

NEW YORK CITY — JLL Capital Markets has arranged the $243.5 million sale of Riverbank, a 44-story community at 560 West 43rd St. in Manhattan’s Midtown West submarket. JLL represented the seller, Barings, and procured the buyer, an unnamed institutional investor for whom JLL also arranged a $128.3 million acquisition loan. Originally developed in the late 1980s as a condominium project, Riverbank’s 418 units are comprised of 43 studios, 270 one-bedrooms, 62 two-bedrooms and 43 three-bedrooms. The property features a parking garage and about 18,000 square feet of retail that …

August 1, 2025

Investment Sales Massachusetts News Northeast

Marcus & Millichap Arranges $7 Million Sale South of Boston

by Lynn Peisner July 31, 2025

HOLBROOK, MASS. — Marcus & Millichap has arranged the $7 Million sale of Johns Avenue Apartments, a 34-unit building in Holbrook, 17 miles south of Boston. Marcus & Millichap’s Tony Pepdjonovic and Evan Griffith represented the seller and procured the buyer. Neither party was identified. The property was built in 1965 and totals 26,164 square feet on about a 1-acre lot. Floor plans are mix of four studios and 30 one-bedrooms.

July 31, 2025

Investment Sales Nevada News Western

CONAM Group Acquires Las Vegas Asset

by Lynn Peisner July 31, 2025

LAS VEGAS — The CONAM Group has acquired Reverb at Spring Valley in Las Vegas. The sales price and seller were not disclosed. The 180-unit property was completed in 2000 and consists of two-story, garden-style buildings with a majority of floor plans configured as two-bedrooms. Amenities include a clubhouse with a coffee bar, game room, fitness center and a pool deck with assorted outdoor games, fire pits and barbecues.

July 31, 2025

California Investment Sales News Western

Waterton Acquires Former AMLI Asset in San Fernando Valley

by Lynn Peisner July 31, 2025

WOODLAND HILLS, CALIF. — Waterton, a Chicago-based multifamily and hospitality investor and property manager, has acquired AMLI Warner Center in Woodland Hills. Terms of the deal were not disclosed. The property was developed in 2007 by AMLI Residential. The gated community, located at 21200 Kittridge St. in the San Fernando Valley, will be rebranded as The Kitt at Warner Center. Floorplans include one-, two- and three-bedroom homes. A small percentage of units have been updated, and Waterton plans to upgrade remaining units with new stainless-steel appliances, quartz countertops, new cabinet …

July 31, 2025

Investment Sales News Texas

Historic Former Hilton Hotel Building Changes Ownership in Abilene, Texas

by Lynn Peisner July 30, 2025

ABILENE, TEXAS — Franklin Street has arranged the sale of The Windsor Hotel Apartments at 401 Pine Street in Abilene. Franklin Street represented the seller, North Management LLC, in the sale of the property to Studio 168 Productions. The 10-story, 110,000-square-foot building was originally a Hilton Hotel built in 1926 and was among the first Hilton-branded hotels in the country. North Management spent approximately $4.7 million to renovate the property in 2023. Renovations included adding amenities like a fitness center with a sauna, coworking spaces, a resident lounge and ground-floor …

July 30, 2025

Florida Investment Sales News Southeast

Marcus & Millichap Brokers Sale of 65-Year-Old Miami Asset

by Lynn Peisner July 28, 2025

MIAMI — Marcus & Millichap has arranged the $3.6 million sale of Walker Apartments, a five-building, 18-unit portfolio in Miami. Nicholas McAndrew, Evan P. Kristol and Felipe Echarte, investment specialists in Marcus & Millichap’s Fort Lauderdale office, represented the seller, a private owner in the transaction, marking the first time the property has changed hands in about 40 years. Built in 1960, the units at Walker Apartments are located at five separate street numbers along NE 5th Place on a 1.2-acre lot. The unit mix comprises one- and three-bedroom apartments. …

July 28, 2025

California Investment Sales News Western

Colliers Arranges Sale in Marina del Ray

by Lynn Peisner July 25, 2025

LOS ANGELES — Colliers has arranged the sale of Villa Del Mar, a 198-unit waterfront community in the Marina del Rey neighborhood of Los Angeles. Colliers Vice Chair Kitty Wallace represented both the seller, original developer, Villa Del Mar Properties, and long-time operator, Far West Management, and a private buyer. Villa Del Mar is situated on approximately 5 acres with 1,500 linear feet of marina frontage and is one of 16 communities along the Marina del Ray harbor. The property was developed in 1972. Villa Del Mar properties has invested …

July 25, 2025

Investment Sales News South Carolina Southeast

Hamilton Point Buys Myrtle Beach Asset

by Lynn Peisner July 25, 2025

MYRTLE BEACH, N.C. — Hamilton Point Investments has acquired Willows at Grande Dunes in Myrtle Beach. Cushman & Wakefield’s Alex McDermott, Austin Green, Charlie Gravina, Paul Marley and Rhodes Marley arranged the sale, representing the undisclosed seller in the deal. The asset was developed in 2023. Hamilton Point is a private equity investment firm based in Old Lyme, Connecticut, with a portfolio comprised mainly of Sun Belt properties. The company also recently bought Bridgewater Grand, a 300-unit property in Lakeland, Florida, from TrimCor.

July 25, 2025

Newer Posts

Older Posts