DALLAS — FTK Construction Services has completed the $13.6 million renovation of West Virginia Park, a 204-unit LIHTC property in Dallas. The property owner is April Housing, a subsidiary of Blackstone Real Estate. Renovations at the 204-unit community included new paint, cabinetry, countertops, plumbing, appliances, flooring, lighting, HVAC and water heaters. Common areas were freshly painted, and landscaping and amenity updates also were provided.
NEW YORK CITY — Marcus & Millichap has arranged the sale of a 25-unit property at 443 East 88th St. in the Yorkville neighborhood of Manhattan, located on the Upper East Side. The property sold to Jade Century Properties for $16.5 million. Joe Koicim and Logan Markley of the NYM Group of Marcus & Millichap’s New York City office represented the undisclosed seller and procured the buyer.
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 …
BOSTON — Mill Creek Residential has broken ground on Modera Allston, a midrise community in the Lower Allston neighborhood of Boston. The property, located at 250 Everett St., will feature 240 units in one-, two- and three-bedroom floor plans. Some units will include dens or private patios and balconies. Residents will have access to a rooftop deck, grilling area, clubhouse, a speakeasy-inspired lounge with a sports simulator, coworking spaces and private workstations and offices. A landscaped courtyard, pet spa, fitness center, electric vehicle charging stations, bike storage and a controlled …
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.
BRANCHBURG, N.J. — Larken Associates has appointed Jessica Heckman to the role of executive vice president of multifamily operations. In her new role, Heckman will oversee asset management, property management and leasing strategy and execution across the firm’s residential portfolio. Heckman first joined the company in 2008 and most recently served as director of residential asset management. Other titles held during her tenure include construction assistant, property manager and senior property manager. Branchburg-based Larken Associates owns a commercial portfolio that consists of office, industrial, retail, mixed-use and approximately 3,000 apartment …
CHARLOTTE, N.C. — RKW Residential has been awarded new property management assignments at three communities. In Pineville, North Carolina, RKW is now managing ABODE at Miller Farm, a 98-unit build-to-rent townhome property owned by Edgewater Ventures. On behalf of owner Quadrant Communities, RKW is also managing two 240-unit properties operated under The Edison brand — The Edison at the Shores in Foley, Alabama, and The Edison at Colonnade Crossing in Oxford, Mississippi.
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 …
LAKELAND, TENN. — Trilogy Investment Co. has acquired a development site formerly known as Willows Townhomes and begun construction on REV3 at Garner Lake. The 109-unit build-to-rent development in Lakeland is about 20 miles northeast of Memphis, Tennessee, set within the The Lake District, a planned, 160-acre redevelopment, anchored by a 10-acre lake, of the former Belz Factory Outlet Mall. Completion is slated for the fourth quarter of this year. The three- and four-bedroom homes will feature attached garages and open layouts.
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 …
