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Tresa-at-Arrowhead-Phoenix
ArizonaInvestment SalesNewsWestern

Hamilton Zanze Sells Arrowhead Apartments in Phoenix Metro

by Lynn Peisner

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 …

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Evolve-New-Hope-Farm-wellford
FinanceNewsSouth CarolinaSoutheast

Evolve Cos. Secures $41M Refinance of Evolve New Hope Farm in South Carolina

by Lynn Peisner

WELLFORD, S.C. — Northmarq has arranged the $41 million refinancing of Evolve New Hope Farm, a 280-unit property in Wellford owned by Greensboro, North Carolina-based Evolve Cos. BlackRock was the lender. Northmarq’s West Palm Beach debt and equity team was led by Chris Hammel. Built in 2024, Evolve New Hope Farm features one-, two- and three-bedroom units and amenities such as a clubhouse, a resort-style pool, pickle ball court, a community garden, outdoor kitchens, walking trails and a lake, electric vehicle charging stations, a fitness center with yoga and cycling …

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Cedar-Square2-Beaverton
Investment SalesNewsOregonWestern

JV Buys Cedar Square Apartments in Oregon for $29.9M

by Lynn Peisner

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 …

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Mezzo-Las-Vegas
Company NewsNevadaNewsOperationsWestern

Stout Tapped to Manage Mezzo Apartments in Las Vegas

by Lynn Peisner

LAS VEGAS — Locally based Stout Management Co. has been selected as property manager for Mezzo Apartments located at 3770 University Center Drive in Las Vegas. The community is made up of studio and one-bedroom units with hardwood laminate flooring and stainless steel appliances. Wi-Fi and cable are included with rent. Community amenities include a gated entry, a pool, fitness center, dog park and on-site maintenance services. As property manager, Stout Management Co. will oversee day-to-day operations, resident services and long-term asset management. According to Yari Matrix, the 455-unit community …

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Enclave-Rigden-Farm-Fort-Collins
BerkadiaColoradoInvestment SalesNewsWestern

Avanti Residential Buys Enclave Rigden Farm in Colorado for $40.8M

by Lynn Peisner

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.

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Skyview-at-Aria-Monroe
DevelopmentFinanceNewsNorth CarolinaSoutheast

Aria Communities Secures $53.5M in Financing for Metro Charlotte Development

by Lynn Peisner

MONROE, N.C. — JLL Capital Markets has arranged $53.5 million in debt and equity for the construction of Skyview at Aria, a 338-unit development in Monroe, 27 miles southeast of Charlotte. South Carolina-based Aria Communities is the developer/borrower. The $42.7 million loan was secured through United Bank Inc. Parse Capital provided the preferred equity. Completion of the project, located on 22 acres at 3613 W. Highway 74, is slated for 2027 and will include a mix of one-, two- and three-bedroom units. Amenities will include a center courtyard with a …

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Larkin-Place-Claremont
Affordable HousingCaliforniaDevelopmentNewsWestern

Jamboree Opens $23.9M Larkin Place, an Affordable Housing Community in L.A. County

by Lynn Peisner

CLAREMONT, CALIF. — Jamboree Housing Corp. has opened Larkin Place, a 33-unit affordable housing community in Claremont, a city in eastern Los Angeles County, about 33 miles east of downtown Los Angeles. Larkin Place is intended to serve low-income and formerly homeless individuals and is comprised of eight studios and 24 one-bedroom units reserved for households earning no more than 30 percent of area median income. A manager will occupy the remaining unit.   Several public and private financial partners participated in bringing the $23.9 million development to fruition. Los …

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Merritt-Apartments-Huntersville
DevelopmentNewsNorth CarolinaSoutheast

Woodfield Development Completes Merritt Apartments in Metro Charlotte

by Lynn Peisner

HUNTERSVILLE, N.C. — Woodfield Development has completed Merritt Apartments, a 354-unit property in the Charlotte suburb of Huntersville. The project team included Fosselman Construction as the general contractor, Housing Studio as the architect, and Shelton Taylor Associates overseeing interior design. Leasing began in December 2025. Situated on approximately 23 acres at 13111 Tadeo Drive, Merritt Apartments offers a mix of studio, one-, two- and three-bedroom units, ranging from 758 to 1,813 square feet. Select residences include private fenced yards, mudroom-style entries or built-in shower benches, along with smart thermostats and …

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Palladium-Craig-Ranch-McKinney
DevelopmentNewsTexas

Palladium USA Breaks Ground on 327-Unit Project in McKinney, Texas

by Lynn Peisner

MCKINNEY, TEXAS — Palladium USA, a Dallas-based affordable, market-rate and mixed-use developer, has broken ground on Palladium Craig Ranch in the northeast Dallas suburb of McKinney. Located at 7909 Collin McKinney Parkway, the new community will include 327 one-, two- and three-bedroom apartments on approximately 4.7 acres. The Palladium Craig Ranch amenity package will consist of a resort-style pool with private cabanas, a hot tub, grills, string lighting and seating areas. In addition, an activity courtyard will include a fenced dog park with a pet drinking fountain, a fire table …

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Apex-at-Twin-Creek-Bellevue
Investment SalesMidwestNebraskaNews

Northmarq Arranges $44.2M Sale of Apex at Twin Creek in Nebraska

by Lynn Peisner

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 …

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