JACKSONVILLE, FLA. — S2 Capital has acquired Belle Rive Club Apartments, a 104-unit community located at 8715 Belle Rive Blvd. in the Royal Lakes neighborhood of Jacksonville. Belle Rive Club Apartments offers one- and two-bedroom floor plans. Amenities include a pool, grilling area, dog park, fitness center, clubhouse, car wash area and access to the nearby inland lakes. The name of the seller was not disclosed. S2 Capital acquired the asset alongside Vineyard Hills, a 202-unit community in Austin, Texas.
AUSTIN, TEXAS — S2 Capital has purchased Vineyard Hills, a 202-unit property in southwest Austin, for an undisclosed price. Vineyard Hills is situated on a 11-acre site. Units come in one-, two- and three-bedroom floor plans. Community amenities include a pool, spa, dog park and outdoor grilling and dining stations. The identity of the seller was not disclosed. S2 Capital acquired the asset in conjunction with Belle Rive Club Apartments, a 104-unit complex in Jacksonville, Florida.
ANAHEIM, CALIF. — Marcus & Millichap has arranged the sale of Le Chateau Apartments, a 76-unit asset in Anaheim. The asset traded hands for $27.5 million. Tyler Leeson, Matt Kipp and Nicholas Kazemi of Marcus & Millichap represented the seller in the deal, while Drew Holden procured the buyer. Le Chateau Apartments was built in 1964. The community offers apartments and townhome-style units in two-bedroom floor plans. Amenities include four on-site laundry facilities, a clubhouse and gated garage.
NEW BRAUNFELS, TEXAS — Tower Capital has arranged a $47.4 million construction loan for the development of Village at Mayfair, a 217-unit build-to-rent project in the San Antonio suburb of New Braunfels. The non-recourse loan features a three-year term. The community will span 20 acres and offer amenities such as a fitness center, car care station, BBQ grills, and central pool and clubhouse. Units will average 1,023 square feet and include private yards or patios. A construction timeline for the project was not disclosed.
NEW YORK CITY — Affinius Capital LLC has provided a $52 million acquisition loan to Four Winds Real Estate for The Knox, a 110-unit asset situated in the Murray Hill neighborhood of New York City. Units come in studio, one- and two-bedroom floor plans. The property also features 2,700 square feet of ground floor retail space. Community amenities include a rooftop deck, fitness center, live/work lounge and a 24-hour attended lobby.
PARAMUS, N.J. — HKS Real Estate Advisors has arranged a $46.5 million CMBS loan for the refinancing of a 140-unit property in the New York City suburb of Paramus. John Harrington of HKS Real Estate arranged the financing through Citigroup on behalf of the borrower, whose identity was not disclosed. The community consists of three buildings on a 35-acre site. According to Apartments.com, the asset is called Soldier Hill Commons and features two-bedroom units. The property was recently completed in 2023.
FORT WORTH, TEXAS — JLL Capital Markets has negotiated acquisition financing for Monticello Apartments, a 116-unit asset in Fort Worth. JLL worked on behalf of the borrower, Price Realty, to secure the five-year, fixed-rate financing through Freddie Mac. The loan will be serviced by Jones Lang LaSalle Multifamily LLC. John Brownlee, Bo Beidleman, Blake Morrison and Aaron Craig led the JLL Capital Markets Debt Advisory team. Located at 154 North Bailey Ave., Monticello Apartments consists of 22 two-story buildings. The unit mix includes 56 one-bedroom and 60 two-bedroom apartments. Units …
NEW YORK CITY — Witkoff and Apollo Commercial Real Estate Finance Inc., a publicly traded mortgage REIT managed by an affiliate of Apollo Global Management, have topped out The Brook in downtown Brooklyn. The Brook will be the sixth tallest building in Brooklyn upon completion, according to the development team. The 52-story building will house 591 apartments, as well as 30,000 square feet of amenities and 21,000 square feet of retail space. Thirty percent of units will be set aside as affordable housing. Income restrictions for these units were not disclosed. …
BURNSVILLE, MINN. — JLL Capital Markets has negotiated the sale of Shalimar Estates, a townhome community comprising 48 units in Burnsville, 15 miles south of Minneapolis. JLL represented the seller, Gaughan Cos., in the deal. The buyer was not disclosed. Josh Talberg and Bill Mork led the JLL Capital Markets Investment Sales Advisory team. Shalimar Estates is part of Gaughan’s 800-unit Minnesota Legacy Apartment Portfolio, which JLL has been marketing for sale. The community is situated on 5.6 acres at 13340 Parkwood Dr. Townhomes come in three-bedroom layouts and feature washers …
NEWPORT BEACH, CALIF. — CBRE has arranged the sale of Beachwood Apartments, an 18-unit community in Huntington Beach. The asset traded hands for $8.7 million. Dan Blackwell and Mike O’Neill of CBRE represented both the buyer and seller in the deal. The seller was a repeat client based in Huntington Beach, California. The buyer was an undisclosed private investor headquartered in Fountain Valley, California. Beachwood Apartments was built in 1971 at 125 16th Street. The community totals 0.4 acres across six lots. Units come in one-, two- and three-bedroom floor …