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Stonehenge in Lebanon, Tennessee
Investment SalesNewsSoutheastTennessee

IPA Arranges $52 Million Sale of Stonehenge Near Nashville, Tennessee

by Channing Hamilton

LEBANON, TENN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Stonehenge, a 228-unit community in Lebanon, about 20 miles east of Nashville. The asset traded hands for $52 million. The buyer and seller were not disclosed. Built on a 13-acre site in 2023, Stonehenge offers units ranging from one- to three-bedrooms. Amenities include a saltwater pool, clubhouse, fitness center and entertainment lounge. David Stollenwerk, Will Balthrope and Drew Garza of IPA represented the seller and procured the buyer in the transaction. Additionally, …

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Infinity on Yorktown in Dallas, Texas
Investment SalesNewsTexas

ShainRealty Capital Buys 226-Unit Complex in Dallas for $39.5 Million

by Channing Hamilton

DALLAS — Los Angeles-based investment firm ShainRealty Capital has purchased Yorktown Luxury Apartments, a 226-unit property located in the Kessler Park neighborhood of Dallas. Nuveen Real Estate sold the asset for $39.5 million. Eric Calub, Caleb Jones and Paul Harris of Berkadia arranged the transaction. Built in 2016, the property offers studio, one-, two- and three-bedroom units and amenities such as a pool, lounge and outdoor grilling and dining stations. The new ownership will make capital improvements and has rebranded the property as Infinity on Yorktown. Arbor Realty Trust provided …

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Investment SalesMidwestMinnesotaNews

Marcus & Millichap Brokers $7.3 Million Sale of Property in Coon Rapids, Minnesota

by Channing Hamilton

COON RAPIDS, MINN. — Marcus & Millichap has arranged the $7.3 million sale of Crest Oak Apartments, a 60-unit property in Coon Rapids, roughly 15 miles north of Minneapolis. Built in 1972, Crest Oak Apartments offers a mix of one-, two- and three-bedroom units across 47,150 rentable square feet. Abe Roberts and Michael Jacobs of Marcus & Millichap represented the seller, which was disposing of a four-building portfolio. The asset sold to a 1031 exchange buyer.

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The Welz in New York City
DevelopmentNew YorkNewsNortheast

Slate, Avenue Realty Capital Deliver 19-Story Brooklyn Community

by Channing Hamilton

NEW YORK CITY — A joint venture between Slate Property Group and Avenue Realty Capital has completed The Welz, a 19-story, 162-unit community in the Williamsburg neighborhood of Brooklyn. Located at 159 Boerum St., the property offers a mix of studio, one- and two-bedroom units. Monthly rates start at $3,175 for a studio. Additionally, 49 residences have been set aside as affordable housing for residents earning between 60 to 130 percent of the area median income. Each unit features washers and dryers, a dishwasher, microwave, quartz countertops and stainless steel …

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Society Nashville in Nashville, Tennessee
DevelopmentFinanceNewsSoutheastTennessee

Joint Venture Tops Out $197 Million Development in Nashville, Tennessee

by Channing Hamilton

NASHVILLE, TENN. — A joint venture consisting of PMG, New Valley Realty and RMWC has topped out Society Nashville, 16-story mixed-use development located at 915 Division St. in The Gulch neighborhood of Nashville. Society Nashville will feature 502 apartment units, as well as 8,400 square feet of retail space and 485 parking spaces. The first move-ins at Society Nashville are expected by the end of the year. The developers have received a total of $197 million in financing for the project, including a $162 million construction loan from Square Mile …

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4117 E Concours St. in Ontario, California
CaliforniaDevelopmentFinanceNewsWestern

Adept Urban Development Receives $107 Million Construction Financing for Mixed-Use Development in Ontario, California

by Channing Hamilton

ONTARIO, CALIF. — Adept Urban Development has received $107 million in financing for the construction of a 384-unit community in Ontario, about 40 miles east of Los Angeles. The project is located at 4117 E Concours St., adjacent to the Toyota Arena, and will also feature 26,000 square feet of retail space. A development timeline was not disclosed. Stefen Chraghchian of Marcus & Millichap Capital Corp. arranged the financing through Affinius Capital and Bank OZK.

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Lakeshore at Preston Apartments in Plano, Texas
Affordable HousingInvestment SalesNewsTexas

Comunidad Partners Purchases 302-Unit Affordable Housing Asset in Plano, Texas

by Channing Hamilton

PLANO, TEXAS — Comunidad Partners, an Austin, Texas-based investment firm that specializes in affordable and workforce housing, has acquired Lakeshore at Preston Apartments in Plano, 20 miles north of Dallas. CBRE represented Comunidad Partners and the seller, Chicago-based Waterton, in the transaction. Lakeshore at Preston Apartments consists of 302 apartments in one- and two-bedroom floor plans. The community is reserved for households earning 80 to 100 percent of the area median income. Amenities include a pool, lounging areas, pickleball court and beach volleyball courts.

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Altis Grand Lake Willis in Orlando, Florida
DevelopmentFloridaNewsSoutheast

Altman Living Completes 230-Unit Altis Grand Lake Willis in Orlando, Florida

by Channing Hamilton

ORLANDO, FLA. — Altman Living has opened Phase II of Altis Grand Lake Willis, a 230-unit community located at 6260 Juniper Pine Way in Orlando’s O-Town West neighborhood. The second phase is situated adjacent to Phase I of the community, which opened in 2023. The garden-style property offers one-, two- and three-bedroom apartments ranging from 707 to 1,248 square feet. Community amenities include a resident and business lounge, pool, pet park, cyber café, steam rooms, movie theater, virtual gaming space, private sports simulator and outdoor entertainment zone with a fireplace, …

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Investment SalesNewsTexas

Blue Ocean Real Estate Buys 184-Unit Villa Ladera Apartments in Dallas

by Channing Hamilton

DALLAS — Blue Ocean Real Estate has acquired Villa Ladera, a 184-unit complex in Dallas. Built in 1972, Villa Ladera features one- and two-bedroom apartments, as well as on-site laundry facilities. Chris Deuillet and Matthew Pastrano of CBRE represented the undisclosed seller and procured the buyer in the deal. Josh Berde, Andrew Woertendyke and Peyton Chur, also with CBRE, arranged an undisclosed amount of acquisition financing for the deal through an unnamed lender.

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Summit Crossing in Kansas City, Missouri
DevelopmentMidwestMissouriNews

MLG Capital Purchases 336-Unit Community in Kansas City, Missouri

by Channing Hamilton

KANSAS CITY, MO. — MLG Capital has acquired Summit Crossing, a garden-style property in Kansas City. Built in phases and completed in 2019, the community features 336 apartments and townhomes. Approximately 60 percent of units are townhomes with attached garages. Residents have access to shared amenities such as two pools, a clubhouse, fitness center, business center and pickleball courts.

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