FORT WORTH, TEXAS — Vanguard Real Estate Advisors, a Dallas-based brokerage firm, has arranged the sale of CoHo Apartments in Fort Worth’s Near Southside neighborhood. The building offers 54 studio apartments. Community amenities include a rooftop deck, resident lounge, dog run and gaming lounge. Jordan Cortez, Mason John, Haley Birmingham and Will Droese of Vanguard Real Estate Advisors represented the seller, Watermark Cos., in the deal. The buyer and sales price were not disclosed.
AUSTIN, TEXAS — JLL Capital Markets has negotiated the sale of and secured acquisition financing for Vineyard Hills Apartments, a 202-unit community in Austin. JLL Capital Markets worked on behalf of the seller, Bob Reeves, in the deal. JLL also procured the acquisition loan for the buyer, S2 Capital, through Benefit Street Partners. Vineyard Hills Apartments offers one-, two- and three-bedroom apartments. Units average 928 square feet in size and include walk-in closets, balconies and detached garages. Select units feature fireplaces, bay windows and tile floors. Community amenities include a …
KANSAS CITY, MO. — JLL Capital Markets has arranged a $12.7 million equity investment for the construction of Waldo District in the Waldo neighborhood of Kansas City. JLL worked on behalf of the borrower, EPC Real Estate Group, to secure the equity investment with a national fund manager. Mark Erland and Kevin Barron led the JLL Capital Markets team. Atlanta-based architect BRR designed the community. Waldo District will comprise 284 units across six stories. Community amenities will include a clubhouse, media area with wine lounge, golf simulator and e-sports, fitness center, …
LONGMONT, COLO. — Capstone Apartment Partners has negotiated the sale of Eastglen Apartments, a 109,210-square-foot community in the northern Denver suburb of Longmont. Eastglen Apartments comprises 102 apartments, with 20 percent designated as Low-Income Housing Tax Credit units. Sean Holamon, Adam Riddle and Jason Koch of Capstone Apartment Partners brokered the transaction. Two Arrows Group acquired the asset for an undisclosed price. The seller was not disclosed.
LAS VEGAS — Berkadia has arranged the sale of Prosper 89, an 89-unit property in Las Vegas. Nevada-based Turtle Bay 89 sold the asset to California-based Benedict Canyon Equities for $24.1 million. Jared Glover of Berkadia Las Vegas facilitated the deal on behalf of the seller. Prosper 89 is located at 10750 El Camino Road. Units come in one- and two-bedroom floor plans and feature private garages. Amenities include a pool, clubhouse, business center, fitness center and open grass areas.
AUSTIN, TEXAS — Newmark has arranged the sale and financing of The Park on Brodie Lane, a 290-unit property located at 6607 Brodie Lane in Austin. Patton Jones and Andrew Dickson of Newmark Multifamily represented the seller, Charlotte-based Barings Real Estate, in the transaction. Matt Greer and Andrew Wilson secured the financing on behalf of the buyer, Boca Raton-based Mill Creek Residential. The Park on Brodie Lane has been rebranded as Alister Sunset Valley. The property is situated on approximately 39 acres and is 97 percent leased. Amenities include a pool, outdoor …
HENDERSON, NEV. — TruAmerica Multifamily has acquired Parkway Townhomes, a 234-unit townhome-style community located at 2675 Windmill Parkway in the Las Vegas suburb of Henderson. CBRE’s Spence Ballif, Adam Schmitt and Jannie Mongkolsakulkit represented the seller in the deal. The seller and transaction price were not disclosed. Parkway Townhomes was built in 1995. The community offers two- and three-bedroom units featuring full-size washers and dryers, stainless steel gas appliances, direct-access garages. Amenities include a pool, fitness center and dog park. The previous owners of the property conducted more than $3 …
MURFREESBORO, TENN. — Cohen Investment Group has acquired The Dylan Apartments, a 152-unit property located in the Nashville suburb of Murfreesboro, from Archway Equities for an undisclosed price. The Dylan Apartments comprises 113,396 square feet of rentable space. The community features amenities such as a clubhouse, barbeque grills, dog park, fitness center, pool and more. Tyler Mayo of Cushman & Wakefield brokered the transaction.
NORTH MYRTLE BEACH, S.C. — The Klotz Group of Cos. and Longleaf Real Estate plan to break ground on The Preserve, a $250 million mixed-use development in North Myrtle Beach, this summer. The plans for the 110-acre project call for 370 apartment units, 207 build-to-rent homes, 227 paired villa lots and 10,000 square feet of commercial space. An expected completion date for the development has not been disclosed. The Preserve will eventually be a part of a planned development district situated between the Intercoastal Waterway and the Carolina Bays Parkway. …
Woodfield Development Secures $53.7 Million in Financing for Margaux Midtown in Nashville, Tennessee
NASHVILLE, TENN. — Woodfield Development has secured a $53.7 million senior loan for the refinancing of Margaux Midtown, a 292-unit community in Nashville. Built in 2023, Margaux Midtown offers amenities such as a fitness center, clubroom with mini duck bowling, yoga room, work pods, complimentary coffee, sky lounge and rooftop terrace, speakeasy, pool, podcast room and more. BWE provided the financing through its proprietary bridge program. Adam Bieber and Alec Jenkins from BWE’s Washington, D.C. office structured the loan.