PLEASANT VALLEY, N.Y. — Marcus & Millichap has arranged the sale of Pleasant Valley Estates, a 48-unit community in Pleasant Valley within the Hudson Valley of New York. The asset traded hands for $6.8 million. Jim Evans, Scott Wasserberger and Victoria Fisher marketed the property on behalf of the seller, a partnership, as well as secured the buyer, a private investor. Pleasant Valley Estates was built in 1985. The property comprises three residential buildings, parking for 100 cars and a pond on a 9.9-acre site.
TAMPA, FLA. — Carter Multifamily, a division of Carter Funds, has acquired Solis at Ballast Point for $57.5 million. Located at 6306 S. MacDill Avenue in Tampa, Solis at Ballast Point is a 276-unit garden-style property that was originally built in 1988. The asset offers 218,592 rentable square feet on a 21.5-acre site. Amenities include a pool, pet park and a private lake. Carter Multifamily plans to renovate the property with upgrades to community amenities and unit interiors, as well as exterior building improvements. The community will be rebranded to “Mode …
KERRVILLE, TEXAS — Matthews Real Estate Investment Services (Matthews) has arranged the sale of Sidney Baker Apartments, a 60-unit complex in Kerrville. Kerrville is located about 65 miles northwest of San Antonio. Tyler Marshall represented the buyer in the transaction. Neither the buyer nor seller were disclosed. Units come in one-, two- and three-bedroom layouts. Amenities include a pool and a pet park.
LONG ISLAND, N.Y. — Northmarq has selected Bob Bernard as senior vice president of debt and equity. In this role, Bernard will be responsible for arranging debt and equity commercial real estate financing through Northmarq’s varied lending sources. He will be based in the company’s Long Island office. Prior to joining Northmarq, Bernard managed commercial real estate lending teams at ConnectOne Bank, Webster Bank, North Fork Bank, Capital One Bank and Flagstar. He received a master’s degree in finance and a bachelor’s degree in marketing from St. John’s University in …
WEST ST. PAUL, MINN. — Roers Cos. has secured $34.6 million to refinance Savor Apartments, a high-rise community in West St. Paul. Scott Streiff and Scott Loving of JLL Capital Markets arranged the fixed-rate, interest-only loan through Fannie Mae. The loan features a ten-year term and will be serviced by JLL Real Estate Capital. Savor Apartments was built in 2022. The community features 200 one- and two-bedroom units. Amenities include an entertainment suite, a community room, game room, work-from-home suites, coffee bar, rooftop lounge, rooftop deck and a fitness center.
BOSSIER CITY, LA. — RCMI has purchased Stockwell Landing Apartments, a complex in the Shreveport, Louisiana suburb of Bossier City. John Hamilton, Will Balthrope and Drew Garza of Institutional Property Advisors represented the seller and procured the buyer. Steve Greer is Marcus & Millichap’s broker of record in Louisiana. Built in 2005 on 11.5 acres, Stockwell Landing Apartments offers 241 units. According to Apartments.com, units come in one-, two- and three-bedroom floor plans.
TOMS RIVER, N.J. — Garden Communities has fully leased up Green Meadows at Pleasant Plains, a 175-unit in the coastal New Jersey township of Toms River. Development on the property was completed in February. Green Meadows at Pleasant Plains offers one- and two-bedroom apartments and two- and three-bedroom townhomes. Amenities include a pool, fitness center, community room, playground and walking trails.
HACKENSACK, N.J. — M&M Development acquired a redevelopment site in Hackensack from the estate of Donald Gonzalez in care of Michael Sprague Esq. Anthony Cassano of NAI James E. Hanson represented both the buyer and the seller in the transaction. The site comprises 30,800 square feet across five adjacent lots located at 75, 77 and 81 Linden St. as well as 80 and 84 Vanderbeck Pl. M&M Development plans to convert the property into a new community. The site is zoned for medium-density multifamily. A construction timeline was not disclosed.
AGAWAM, MASS. — Way Finders has secured $5.2 million in affordable housing financing from MassHousing to develop Rosewood Way Townhomes in Agawam. The project will offer 62 apartments across 10 townhome-style buildings. Units will come in one-, two- and three-bedroom floor plans. Eight units will be affordable to households earning at or below 30 percent of the area median income (AMI), 12 units to households earning up to 50 percent of AMI, 27 to households earning up to 60 percent of AMI, 10 will be workforce housing units for households …
PASADENA, CALIF. — PSRS has arranged the $9.6 million refinance of Renaissance Court, a mixed-use community in Pasadena. Renaissance Court offers 41 units, including one- and two-bedroom apartments and two-bedroom townhomes. The property also includes nine ground-level retail units. Kostas Kavayiotidis arranged the non-recourse loan through a life insurance company. The loan features a 10-year term and 30-year amortization.