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Kingston Cove, a lakefront multifamily community.
Investment SalesKansasMidwestNews

Post Road Management Acquires 11-Property Portfolio in Wichita, Kansas

by Channing Hamilton

WICHITA, KAN. — Post Road Management has acquired a portfolio totaling 1,002 units across 11 properties in Wichita for an undisclosed price. Alex Blagojevich, Brett Meinzer, Colton Howell and Richard Redding of MMG Real Estate Advisors represented the seller and procured the buyer. The communities in the portfolio include Kingston Cove, Cimarron Apartments, Stratford East, Park Meadows, The Willows, Willows South, Stratford West, Danish Village, Pine Creek, Edgemoor Townhomes and Cottonwood Crossing. The firm plans to invest an average of $12,000 per unit in renovations. About 21 percent of the units …

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Frameline in Denver
ColoradoDevelopmentNewsWestern

Narrate Cos. Breaks Ground on Frameline in Denver

by Lynn Peisner

DENVER — Narrate Cos., along with OZ Architecture and general contractor MCP Group, has broken ground on Frameline, a 78-unit development near the Hale neighborhood in Denver. The 100,665-square-foot Frameline will feature a mix of one- and two-bedroom units and amenities that include a dog spa, a fitness center and a community room with an outdoor living space. Design details include a living green wall and elevated gardens. Additional members of the project team include Dig Studio, TRIO, Fortis Structural, ILC Lighting, MDP Engineers and Group 14. The project is …

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Town Hall Terrace, a brick federal-style multifamily property.
Investment SalesNew YorkNewsNortheastSeniors Housing

JLL Brokers Sale of 460-Unit Town Hall Terrace in Grand Island, New York

by Channing Hamilton

GRAND ISLAND, N.Y. — JLL Capital Markets has brokered the sale of Town Hall Terrace, a 460-unit community in Grand Island, 10 miles northwest of Buffalo, New York. JLL’s Steve Simonelli, Mike Oliver, Jose Cruz, Austin Piece, Elizabeth DeVesty and Andrew Scandalios marketed the property on behalf of a private seller, as well as procured the buyer. Town Hall Terrace was built in stages from 1963 through 2008. The property offers 384 one- and two-bedroom apartments, 46 three-bedroom townhomes and 30 two-bedroom homes for seniors. Community amenities include a clubhouse, …

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The Atlee, a multifamily building around a pool.
Investment SalesNewsTexas

Brixton Capital Acquires The Atlee in San Antonio

by Channing Hamilton

OLMOS PARK, TEXAS — Brixton Capital has acquired The Atlee, a 144-unit community in San Antonio suburb of Olmos Park. Michael Wardlaw and Colin Cannata of CBRE represented the undisclosed seller in the transaction. The community is 97 percent leased and is managed by San Antonio-based United Apartment Group. The Atlee offers one-, two- and three-bedroom floor plans, as well as amenities such as a clubhouse, pool, dog park and a courtyard. Brixton plans to renovate the clubhouse and leasing office, the dog park, the courtyard and the pool area. …

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Fieldpointe of Schaumburg
Company NewsIllinoisLeasing & MarketingMidwestNewsOperations

RMK Selected to Manage Fieldpointe of Schaumburg

by Lynn Peisner

SCHAUMBURG, ILL. — RMK Management Corp. has been named property manager of Fieldpointe of Schaumburg, a 396-unit community in Schaumburg, Ill., a northwest suburb of Chicago. Fieldpointe comprises 12 three-story buildings and features studio, one- and two-bedroom layouts measuring 548 to 948 square feet. Rents range from $1,382 to $1,950.    The property is pet-friendly and offers a pool, covered or garage parking, bike storage and package services. Capital improvement projects are scheduled at Fieldpointe in the coming months, including a roof replacement and cosmetic updates to shared corridors. Chicago-based …

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Build-to-RentFloridaInvestment SalesNewsSoutheast

Resibuilt Acquires 190-Unit BTR Development Site Near Tampa

by Channing Hamilton

WESLEY CHAPEL, FLA. — Resibuilt has acquired GroveParc Townhomes, a 48-acre development site in the northeast Tampa suburb of Wesley Chapel. Max La Cava, Zach Nolan and Manny de Zarraga of JLL Capital Markets represented the seller, an investment group from south Florida called Blue Pointe Builders. Resibuilt will build a 190-unit BTR community called GroveParc Townhomes, which will offer three- and four-bedroom townhomes with garages. GroveParc Townhomes is expected to be completed in January 2025.

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Rendering of Revival on Platte in Denver
ColoradoDevelopmentNewsWestern

Mortenson and Pinnacle Partners Break Ground on Denver Project

by Lynn Peisner

DENVER — Mortenson and Pinnacle Partners have broken ground on Revival on Platte, an Opportunity Zone project in Denver’s Sun Valley neighborhood. Completion of the 200-unit, eight-story building is estimated to be next year. The project is adjacent to the South Platte River. It will include one- and two-bedroom apartments and two levels of parking. Residents also will have access to eight electric cars via a third-party app. Amenities include a fitness center, a business center and a rooftop amenity deck. The structure will be built with Mortenson’s prefabricated interior …

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Scout off Sunset, a Spanish colonial-style multifamily building in Hollywood.
CaliforniaInvestment SalesNewsWestern

Phoenix Group Acquires Scout Off Sunset in Hollywood

by Channing Hamilton

LOS ANGELES — London-based Phoenix Group has acquired Scout off Sunset, a 136-unit property in the central Los Angeles neighborhood of Hollywood. Built in 1989, Scout off Sunset rises three stories and offers amenities such as a swimming pool, fitness center, laundry facilities and two levels of underground parking. Institutional Property Advisors (IPA), a division of Marcus & Millichap, brokered the deal. IPA’s Kevin Green, Joseph Grabiec and Gregory Harris represented the seller, an undisclosed institutional asset manager, and procured the buyer.

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A 3D render of the Quill by Alta, a multifamily complex in Baltimore.
DevelopmentMarylandNewsNortheast

Wood Partners Breaks Ground On The Quill by Alta in Baltimore

by Channing Hamilton

BALTIMORE — Atlanta-based developer Wood Partners has broken ground on The Quill by Alta, a 270-unit community in Baltimore’s Federal Hill district. The Quill by Alta will offer studio, one-, two- and three-bedroom floor plans. Amenities include a pool with a tanning deck, an outdoor entertainment area, a gaming area, a dog park and a rooftop lounge. The development serves as phase two of Wood Partners’ Alta Federal Hill project, which was built in 2021. The Quill by Alta will open next year, with preleasing slated for the first half …

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MidwestNewsOhioPeople News

Coastal Ridge Hires Mark Yale as Chief Financial Officer

by Channing Hamilton

COLUMBUS, OHIO — Coastal Ridge Real Estate has appointed Mark Yale as chief financial officer (CFO). Yale will work at Coastal Ridge’s headquarters in Columbus and will be responsible for guiding the overall financial performance of the company. Yale previously served as Washington Prime Group’s Executive Vice President and CFO. In this role, he was responsible for financial management and oversaw accounting, finance, investor relations, treasury, tax and information services. Yale additionally served as the CFO of Glimcher Realty Trust prior to its acquisition by Washington Prime Group in 2015.

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