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The Liberty
Investment SalesMidwestMinnesotaNews

The Goodman Group Buys $59 Million Asset in Suburban Minneapolis

by Channing Hamilton

GOLDEN VALLEY, MINN. — Chaska, Minnesota-based The Goodman Group has bought The Liberty, a 242-unit asset in Golden Valley, roughly seven miles west of Minneapolis. An entity related to the Schachtman family sold the property for $59.5 million. Abe Roberts of Marcus and Marcus & Millichap’s Minneapolis office represented the seller and procured the buyer. Completed in 2017, The Liberty offers 55 townhomes and 187 apartments. Units range from 568 square feet to 1,536 square feet and include full size washers and dryers, stainless-steel appliances and balconies. The community also …

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Silver Cove Apartments
FloridaInvestment SalesNewsSoutheast

Marcus & Millichap Negotiates $8.1 Million Sale of Miami Asset

by Channing Hamilton

MIAMI — Marcus & Millichap has arranged the $8.1 million sale of Silver Cove Apartments, an 18-unit community located at 2010 Southwest 25th Terrace in Miami. Built in 2021, the property consists of 33,424 square feet across four stories. Apartments come in two- and three-bedroom floor plans. Joseph Thomas, Alec Demetriou and Adam Marcuvitz of Marcus & Millichap’s Fort Lauderdale office represented the undisclosed seller in the transaction. The identity of the buyer was also not disclosed.

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Affordable HousingDevelopmentNewsTexas

Partnership Delivers 100-Unit Supportive Housing Project in Austin

by Channing Hamilton

AUSTIN, TEXAS — A partnership between SGI Ventures and the Austin Affordable Housing Corp. has completed Cady Lofts, a 100-unit supportive housing project in Austin’s Hancock neighborhood. Cady Lofts offers studio apartments for renters that are earning between 40 to 60 percent of the area median income, or who are overcoming homelessness, dealing with physical and developmental disabilities or recovering from addiction. Each studio will be fully-furnished and feature appliances and eco-friendly utility systems. Residents have access to a communal computer lab, health and wellness center, case management offices and …

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Unnamed asset in Chicago’s Lincoln Square neighborhood
IllinoisInvestment SalesMidwestNews

Kiser Group Brokers $1.6 Million Sale of Chicago Asset

by Channing Hamilton

CHICAGO — Kiser Group has brokered the $1.6 million sale of a six-unit building located in Chicago’s Lincoln Square neighborhood. The value-add property was originally constructed in 1928 and has been owned by the same family for about four decades. Each three-bedroom unit comprises approximately 1,400 square feet. The property also includes five garage parking spaces. Katie LeGrand and Jacob Price of Kiser brokered the transaction.

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Olume
CaliforniaInvestment SalesNewsWestern

Partnership Acquires 121-Unit Olume in San Francisco

by Channing Hamilton

SAN FRANCISCO — A partnership between Presidio Bay Ventures and Artemis Real Estate Partners has acquired Olume, a 121-unit apartment building located at 1401 Mission St. in San Francisco’s SoMa neighborhood, for $39.7 million. Olume offers 121 studio, one- and two-bedroom apartments. Amenities include a rooftop deck with a 360-degree view, lounge, coffee bar, pet park and electric vehicle charging stations. The asset was 95 percent occupied at the time of sale. The Main Post will manage the property. Matt Kroger, Ryan Wagner, Brandon Geraldo and Fatai Alashe of JLL …

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DevelopmentLeasing & MarketingNewsTexas

StreetLights Residential Begins Leasing 56-Unit Development in Dallas

by Channing Hamilton

DALLAS — Locally based developer StreetLights Residential has begun leasing The Galatyn, a 56-unit community in the Upper McKinney District of Dallas. The 20-story building features two- and three-bedroom units with an average size of 2,700 square feet. Amenities include a pool, fitness center, concierge services, a coffee bar, catering kitchen, dog wash and a landscaped courtyard. The development team broke ground on the project in fall 2023. StreetLights Creative Studio served as the architect for the project, and SLR Construction LLC was the general contractor. Both entities are affiliates …

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FinanceMarylandNewsNortheast

Pealmark Provides Financing for 311-Unit Property in Hanover, Maryland

by Channing Hamilton

HANOVER, MD. — Pearlmark has provided a mezzanine loan for the refinancing of Bristol Court Apartments, a 311-unit asset in Hanover, roughly 12 miles south of Baltimore. Located within the Oxford Square planned community near the Dorsey MARC passenger rail station, Bristol Court offers one-, two- and three-bedroom apartments. Residents have access to amenities such as a pool, fitness center, yoga studio, lobby with coworking spaces and a clubroom with an entertainment kitchen and fireplace. Additional amenities include a library, lounge with a pool table, pet spa, foosball and shuffleboard, …

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Potranco Commons
FinanceNewsTexas

Ladder Capital Provides $58.7 Million Loan for Refinancing of San Antonio Asset

by Channing Hamilton

SAN ANTONIO — New York City-based lender Ladder Capital has provided a $58.7 million bridge loan for the refinancing of Potranco Commons, a 360-unit community located in San Antonio’s Far West Side submarket.  Potranco Commons offers one-, two- and three-bedroom units that range from 541 to 1,355 square feet. The property comprises 15 three-story buildings. Roughly 40 percent of the units are reserved for renters earning 80 percent or less of the area median income. Amenities include a clubhouse, pool, fitness center, coffee bar, sand volleyball court, pet park, outdoor …

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Hillside Apartments
FinanceMidwestMissouriNews

Gantry Secures $10 Million Loan for Refinancing of Metro Kansas City Asset

by Channing Hamilton

INDEPENDENCE, MO. — Gantry has secured a $10 million loan for the refinancing of Hillside Apartments, a 108-unit property located at 111 Hillside Drive in Independence, 10 miles east of Kansas City. The garden-style community consists of 14 three-story buildings. The fully stabilized asset underwent a property-wide renovation. Mark Reichter and Alec Frook of Gantry arranged the financing on behalf of the borrower, a private real estate investor. Fannie Mae provided the seven-year, fixed-rate loan, which features an interest-only introductory period followed by a 30-year amortization.

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Soltra Kierland
ArizonaInvestment SalesNewsWestern

Leon Capital Group Sells Property in Scottsdale, Arizona for $107.5 Million

by Channing Hamilton

SCOTTSDALE, ARIZ. — Leon Capital Group subsidiary Leon Multifamily has completed the disposition of Soltra Kierland, a 202-unit property in Scottsdale. A private investor purchased the asset for $107.5 million. Matt Pesch, Asher Gunter, Sean Cunningham and Austin Groen of CBRE represented the seller in the transaction. Soltra Kierland was built in 2024. Apartments feature wood-style flooring, custom built-ins, washers and dryers, walk-in closets, custom cabinetry, walk-in rain showers, stainless steel appliances, eat-in kitchen islands and quartz countertops. Select units also include quartz waterfall island countertops, black stainless steel appliances, gas …

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