LADY LAKE, FLA. — Thompson Thrift has opened Standard441, a 300-unit community in Lady Lake, 53 miles northwest of Orlando, Florida. The three-story property offers one-, two- and three-bedroom units that range from 689 square feet to 1,369 square feet, according to Apartments.com. Monthly rates for the property start at $1,360. Shared amenities at the community include a fitness center, outdoor spa, dog park, pet spa and heated pool with a pavilion featuring a fireplace and grills, pickleball court, putting green and cornhole area. The community also offers a 24-hour …
MESA, ARIZ. — CBRE has arranged the sale of Bella Encanta, a 212-unit build-to-rent (BTR) asset in Mesa. Locally based Bela Flor Communities sold the asset to a global institutional investor for $95.7 million. Griffen Tymins, Asher Gunter, Matt Pesch, Sean Cunningham and Austin Groen of CBRE represented the seller in the deal. Built in 2023, Bella Encanta features duplex-style units with wood-style plank flooring, nine- and 10-foot ceilings, full-size washers and dryers, granite countertops, undermount sinks, stainless steel appliances and gas cooktops, as well as a two-car attached garage with …
FORT WORTH, TEXAS — ONM Living has sold Cottages at Summer Creek, a 196-unit build-to-rent community in south Fort Worth. ONM Living sold the property in partnership with All Pro Capital. The buyer was Stockbridge Capital Group. Berkadia brokered the deal. Cottages at Summer Creek was built on 18 acres in 2023. The community offers studio, one-, two- and three-bedroom residences that range from 344 to roughly 1,200 square feet in size. Units feature fenced yards, porches, granite countertops, stainless steel appliances, walk-in showers, washers and dryers and smart technology …
ROCKFORD, ILL. — Becovic Holdings Corp. has acquired The Arbors, a 254-unit community in Rockford, about 90 miles west of Chicago. The Arbors was built between 1966 and 1981. Amenities include a fitness room, business center, small community room and package room. The garden-style asset was 98 percent leased at the time of sale. Ralph DePasquale of Berkadia represented the seller in the deal. Both the buyer and seller are based in Illinois.
NEW JERSEY — Tag Investment Properties has sold a portfolio totaling 519 units throughout Bergen and Hudson counties in New Jersey for $94 million. The properties were constructed between 1920 and 1980. The unit mix includes 61 percent one-bedroom, 35 percent two-bedroom and the remaining units as studios and three-bedroom apartments. Tuli Realty acquired the properties located in East Rutherford, Cliffside Park, Palisades Park, Lyndhurst, Garfield and Jersey City, while Sher Management purchased an asset in Kearny. The portfolio was 97 percent occupied at the time of sale. Cushman & …
DENVER — Avanti Residential, a Denver-based investor and operator, has launched a new development arm to execute round-up multifamily and build-to-rent developments across the U.S. The company appointed Kyle Henderson, who has about two decades of multifamily development experience at firms such as D.R. Horton and Wood Partners, to lead the newly established affiliate. Avanti Residential’s portfolio currently comprises 9,363 units across 40 properties in seven states: Colorado, Kansas, Missouri, Arizona, Florida, Utah and Tennessee.
PORT WENTWORTH, GA. — A joint venture consisting of PCCP and Advenir Azora has purchased 28 acres in Port Wentworth for the development of a 250-unit build-to-rent (BTR) community. The site is located at 1100 Meinhard Road, approximately 10 miles from the Port of Savannah, a major seaport located in Savannah, Georgia. The community will offer one- and two-bedroom duplexes, two-bedroom cottages and two- and three-bedroom townhomes. The average unit size will be 1,081 square feet. Amenities will include a 3,000-square-foot clubhouse and leasing center with a conference room, coffee …
PARIS, TEXAS — Dallas-based brokerage firm The Multifamily Group (TMG) has arranged the sale of The Gardens Apartments, a 52-unit community in Paris, roughly 115 miles northeast of Dallas. The asset was built in 1970 and expanded in 2017, and unit interiors were recently upgraded. According to Apartments.com, units come in one-, two- and three-bedroom floor plans. Yonnic Land of TMG represented the seller and procured the buyer in the transaction. Both parties requested anonymity.
WOOD-RIDGE, N.J. — JCMLiving has begun leasing Rosera Wesmont, a 295-unit community in Wood-Ridge, 15 miles northwest of New York City. Rosera Wesmont offers studio, one-, two- and three-bedroom units. Residents have access to amenities such as a pool with a sundeck and landscaped courtyard; multi-level gym with a yoga studio, sauna and bar; coworking spaces, private offices and meeting rooms; and a sports simulator. The property also features 17,000 square feet of retail space, including 3,000 square feet within the building itself. Minno & Wasko Architects and Planners designed the …
MAUSTON AND RACINE, WIS. — CBRE has arranged the sale of Riverwood Apartments and Biscayne Apartments, two communities totaling 112 units, for $10.1 million. An Iowa-based multifamily investor and developer purchased the assets from an Iowa-based multifamily investor. CBRE’s Max Colby, Sean Beuche, Matson Holbrook, Patrick Gallagher and Gretchen Richards represented the seller. Riverwood Apartments is located in Mauston, 70 miles northwest of Madison, Wisconsin. The property is situated just under two miles from Decorah Lake. Built in 1994, Riverwood Apartments consists of 32 units, which come in one-, two- …