KERRVILLE, TEXAS — Marcus & Millichap has brokered the sale of Park Hill, a 49-unit property in Kerrville. The buyer, seller and sales price were not disclosed. Ben Kalter, Will Balthrope and Drew Garza, based in Marcus & Millichap’s San Antonio office, marketed the property on behalf of the seller, a local investor, and procured the Boerne, Texas-based buyer. Park Hill is located at 815 Ranchero Road and was built in 1977. The buyer is planning to renovate the property.
PLANO, TEXAS — Newmark has arranged the sale and financing of Hathaway at Willow Bend, a 229-unit community located at 2525 Preston Road in Plano. Richard Furr, Brian O’Boyle Jr., Brian Murphy and Jack Forman represented the seller, S2 Capital Acquisitions, in the transaction. Brian Kochan and Michael Caglianone arranged an undisclosed amount of acquisition financing on behalf of the buyer, Granite Towers Equity Group. Located along Preston Road in West Plano, Hathaway at Willow Bend is a garden-style community offering one-, two- and three-bedroom units, including some townhome floor …
PORT CHESTER, N.Y. — Walker & Dunlop has arranged $147.5 million in debt and equity for the construction of 2 South Main, a 12-story, 322-unit property with 5,000 square feet of retail in Port Chester. Hyperion Group and AIP are the developers, and LRC Construction is the general contractor. Winter Properties also is a partner in the project. Construction will begin in the fourth quarter of 2026. A completion date was not disclosed. Walker & Dunlop’s Mo Beler, Jonathan Paine, Cory Elbaum, Jackson Irwin and Dawson Jessee arranged the equity …
LENOX, MASS. — Pennrose has completed and opened Forge, a mixed-income community in Lenox. The 65-unit Forge includes 13 townhome-style buildings offering one-, two- and three-bedroom units, 50 of which are reserved for households earning 30 to 60 percent of area median income (AMI). Nine homes are reserved for tenants who qualify for Massachusetts Rental Voucher Program (MRVP) assistance, a state-funded rental subsidy. Fifteen units are designated as workforce housing, for households earning up to 120 percent of AMI. Funding came from a variety of public and private sources. Pennrose …
FREMONT, CALIF. — Sack Capital Partners, in partnership with LEM Capital, has acquired Koda Apartments, a 122-unit property in Fremont. Koda was built in 1970 and renovated in 2018. The 10 garden-style buildings are situated on approximately 5 acres. Units are a mix of one-, two- and three-bedroom floor plans The seller, which was not identified, has invested roughly $10 million in the property over the past six years, including a full interior renovation across all units, which now feature washers and dryers, updated electrical panels, new kitchen and bathroom …
JACKSONVILLE, FLA. — Greystar has acquired Avana Bartram Springs, formerly known as Reserve Bartram Springs, in Jacksonville. The garden-style property was built in 2006 is situated on approximately 24 acres. The 268 units are offered in one-, two- and three-bedroom floor plans complemented by a pool with grill areas, playground and a fitness center with spin and yoga rooms. Greystar is planning to renovate amenity spaces and units. According to the Jacksonville Business Journal, the seller was Fogelman Properties and the sales price was approximately $39.7 million.
FOX LAKE, ILL. — Daniel Management Group (DMG), a Chicago-based multifamily investment and property management firm, has been selected by Sterling Hall Capital to manage The Quarry, a 154-unit community under construction in Fox Lake, 54 miles north of Chicago. The first units will be complete later this year.
HOUSTON — American Landmark Apartments has acquired Park Avenue at Boulder Creek, a 292-unit property in Houston. The community will be rebranded as Toscana Parkway. Neither the seller nor the sales price was disclosed. Toscana Parkway marks Tampa, Florida-based American Landmark Apartments’ 14th owned asset in metro Houston. Built in 2009, Toscana Parkway offers one-, two- and three-bedroom apartments and a resort-style saltwater pool, fitness center, sauna, clubhouse, business center, volleyball court, playground and poolside grilling areas.
RALEIGH, N.C. — Marcus Partners has acquired Aventon Nora, a 372-unit community in North Raleigh. This purchase represents the Boston-based firm’s second investment in the Raleigh-Durham market — the first being the development of Alta Apex, a 280-unit Class A project under construction in Apex with completion slated for 2027. Aventon Nora is also a Class A property. Built in 2024, it consists of four residential buildings with one-, two- and three-bedroom units as well as some carriage-house style floor plans that include attached garages. Amenities include a resort-style pool …
SOUTH SAN FRANCISCO, CALIF., AND READING, MASS. — Greensboro, North Carolina-based Bell Partners has acquired Bell South City West in South San Francisco and Bell Reading Commons in Reading in separate transactions totaling $226 million. The 195-unit Bell South City West, formerly known as Celeste, traded for $130 million, according to the San Francisco Business Times. Sares Regis Group of Northern California and an institutional equity partner sold the property. The 204-unit Bell Reading Commons, formerly known as Reading Commons, sold for $96 million, according to the Boston Business Journal. …
