Investment Sales

Landing36-Las-Vegas
Investment SalesNevadaNewsWestern

PCE Holdings Buys Newly Developed Landing 36 in Las Vegas for $79M

by Lynn Peisner

LAS VEGAS — PCE Holdings, a California-based investment firm, has acquired Landing 36 in Las Vegas in an off-market transaction. The sales price was $79 million, and the seller was Craig Horn. Developed in 2025, the 308-unit community is comprised of studios and one- through three-bedroom floor plans complemented by amenities such as a resort-style pool and hot tub with shaded seating areas, a fitness center with cardio and strength-training equipment, a pet-friendly lawn with a play area and grilling and entertainment spaces. PCE’s strategy is to lease up the …

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The-Winthrop-Place-Chicago
IllinoisInvestment SalesMidwestNews

Becovic Residential Buys The Winthorp Place in Chicago for $5.5M

by Lynn Peisner

CHICAGO — Becovic Residential, a Chicago-based owner and operator, has purchased The Winthorp Place in Chicago’s lakefront neighborhood of Edgewater for $5.5 million. Green Bay, Wisconsin-based Associated Bank provided a $4.7 million loan to Becovic for the acquisition. Located at 5710 North Winthorp Ave., the community was built in 1929 and features 42 units offered as studio and one-bedroom floor plans. Elizabeth Hozian with Associated Bank’s commercial real estate division arranged the loan, and Essex Realty Group arranged the sale. The building will be managed by Becovic Management Group.

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Brookview-Middletown
Investment SalesKentuckyNewsSoutheast

Brookview Cos. Sells Brookview at Middletown in Kentucky

by Lynn Peisner

MIDDLETOWN, KY. — The Brookview Cos. has sold Brookview at Middletown 16 miles east of Louisville, Kentucky. The buyer was named as Centennial Holding Company LLC. JLL arranged the sale and a Fannie Mae acquisition loan. The 210-unit property was completed in 2017 and was 95 percent occupied at the time of the sale. Units are offered as one-, two- and three-bedroom floor plans, some of which come with direct-access attached garages. Amenities include a fitness center and pool, a clubhouse and a pet park. JLL’s Amanda Friant, Wick Kirby and …

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Retreat-at-the-Park-Burlington
BerkadiaInvestment SalesNewsNorth CarolinaSoutheast

Carter Exchange Sells Burlington, North Carolina, Property for $48M

by Lynn Peisner

BURLINGTON, N.C. — Florida-based Carter Exchange has sold Retreat at the Park, a 249-unit community in Burlington, to Colorado-based Grimley Capital for $48 million. Caleb Troop, Thomas Colaiezzi, Matt Robertson and Drew Kwiatkowski of Berkadia Charlotte arranged the sale on behalf of Carter Exchange.  Brian Huff of Berkadia Denver secured acquisition financing for Grimley Capital. The property was developed in 2015 and contains one-, two- and three-bedroom units and amenities such as a fitness center with cardio and weightlifting equipment, a resident clubhouse with a lounge and café, a game …

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Eastline-Dallas
Investment SalesNewsTexas

Kushner Buys Dallas Luxury High-Rise Eastline Residences

by Lynn Peisner

DALLAS — Kushner has acquired Eastline Residences, a 330-unit, 28-story high-rise in Dallas. Northmarq’s Dallas-based Taylor Snoddy, Eric Stockley and Charles Hubbard arranged the deal on behalf of the seller, Convexity Properties. Convexity, a subsidiary of DRW, developed the community in 2021. The sales price has not been publicly disclosed, but, according to Northmarq, the trade reflected the second-largest residential sale in the metro area since 2022. Floors 25 through 28 feature penthouses with upgraded finishes and asking rents of approximately $6,500 per month. Amenities include a rooftop pool, a …

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Haven-Apartments-Culver-City
CaliforniaInvestment SalesNewsWestern

TruAmerica Acquires Two Los Angeles Properties

by Lynn Peisner

CULVER CITY, CALIF. — Cityview has sold Haven Culver City in Los Angeles County to TruAmerica. IPA’s Kevin Green, Joseph Grabiec and Gregory Harris represented the seller in the transaction. The sales price was not disclosed. TruAmerica concurrently acquired another local property, Luxe Villas, a 72-unit community located at 11640 Mayfield Ave. in Brentwood, for approximately $49.5 million. Haven Culver City was built in 2019, and Luxe Villas were constructed in 2006.

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Fairways-on-Green-Valley-Henderson
Investment SalesNevadaNewsWestern

Hamilton Zanze Buys 320-Unit Fairways on Green Valley in Las Vegas Metro

by Lynn Peisner

HENDERSON, NEV. — San Francisco-based multifamily investment firm Hamilton Zanze has acquired Fairways on Green Valley, a 320-unit garden-style community adjacent to the Legacy Golf Club in the Green Valley South neighborhood of Henderson, 18 miles southeast of Las Vegas. The deal closed on Feb. 19. Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed the role of property manager. The purchase marks Hamilton Zanze’s first in 2026. The company acquired seven properties last year. Fairways on Green Valley was developed in 1990. The one- and two-bedroom units are …

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Affordable HousingInvestment SalesNewsWashingtonWestern

Northmarq Arranges $19.5M Sale of Affordable Housing Community in Olympia, Washington

by Lynn Peisner

OLYMPIA, WASH. — Northmarq’s Seattle-based investment sales team led by Joe Kinkopf, Steve Fischerand and Tyler Smith has arranged the $19.5 million sale of Merritt Manor, an 82-unit affordable housing community located at 3335 Martin Way E. in Olympia. Northmarq represented the seller, doing business as Fourth Street’s Merritt Manor LLC. The buyer was an entity named Merritt Manor LLC. Merritt Manor was developed in 2020 and includes amenities such as a community garden, grills, a playground, electric vehicle charging stations and a lounge. Specific income restrictions were not disclosed, …

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Avalon-Townhomes-Avondale
ArizonaBerkadiaInvestment SalesNewsWestern

Berkadia Arranges $30.1M BTR Trade in Phoenix Metro

by Lynn Peisner

AVONDALE, ARIZ. — Avalon Townhomes, a 70-unit rental townhome community 18 miles west of Phoenix, has been acquired by LVP Partners for $30.1 million. Mark Forrester, Andrew Curtis and Ryan Boyle of Berkadia Phoenix led the transaction on behalf of the seller, Bela Flor & TruVista Development. The property opened in 2025, offering a mix of two- and three-bedroom townhomes with dedicated driveways, enclosed backyards and electric vehicle chargers. Community amenities include a resort-style pool and hot tub, a pet park, an outdoor fitness circuit, grilling area and guest parking.

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Pointe-Grand-Savannah
GeorgiaInvestment SalesNewsSoutheast

Henderson Park, Green Room Partners Buy Pointe Grand in Savannah, Georgia

by Lynn Peisner

PORT WENTWORTH, GA. — Henderson Park and Green Room Partners have acquired Pointe Grand, a 288-unit garden-style community in Port Wentworth, a suburb of Savannah. The sales price and seller were not publicly disclosed, but Hillpointe sold the asset in 2022 for $86.4 million. Built in 2021, Pointe Grand is situated on 36 acres and is comprised of two-bedroom units. Amenities include a pool, a 24-hour fitness center, a dog park, a firepit, clubhouse, valet trash services, a coffee and tea bar and a picnic area with grills.

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