ELLSWORTH AND BALDWIN, WIS. — Marcus & Millichap has arranged the $5.8 million sale of a 49-unit portfolio in western Wisconsin. The portfolio includes 25 apartments across five buildings in Ellsworth, 51 miles southeast of Minneapolis, and two buildings with 24 units in Baldwin, 48 miles east of Minneapolis. Scott Anderson of Marcus & Millichap represented the seller and procured the buyer. Both parties were Wisconsin-based investors.
WEST NEW YORK, N.J. — Silicon Alley Properties LLC has sold a six-unit multifamily property located at 20 63rd St. in West New York, about 8 miles north of New York City, for $1.2 million. The three-story building offers one-, two- and three-bedroom apartments. Three units were recently renovated. The community features garage parking and yard access. Kevin Taub of Marcus & Millichap’s New Jersey office marketed the property on behalf of the seller and procured the undisclosed buyer.
WINTER GARDEN, FLA. — Ashcroft Capital has acquired Birchstone Waterleigh, a 300-unit asset located at 9405 Ascend Falls Drive in Winter Garden, roughly 15 miles west of Orlando, Florida. The acquisition was completed through a joint venture with Pearlmark and Temerity Strategic Partners. The sales price and seller were not disclosed. Formerly known as Ascend Waterleigh Club, the property was built in 2023. Units come in one-, two- and three-bedroom floor plans ranging from 782 to 1,563 square feet. Amenities include a pool, coworking lounge, fitness center, dog park, emergency …
GLENDALE, ARIZ. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Monte Vista, a 208-unit community in Glendale. The property traded hands for $25.5 million. Built in 1985, Monte Vista offers a pool, laundry facility and covered parking. Each apartment features washer and dryer connections, dishwashers and walk-in closets. The average unit size is 787 square feet. Cliff David, Steve Gebing of IPA and Darrell Moffitt of Marcus & Millichap represented the private seller and procured the buyer, a workforce and affordable housing fund.
BROOKFIELD, WIS. — Mandel Group has sold PrairieWalk, a 56-unit community located in Brookfield, roughly 13 miles west of Milwaukee, to Breneman Capital for an undisclosed price. The two-building property features one- and two-bedroom units. Amenities include community rooms, outdoor grills and pet stations. Mandel Group Inc. developed the asset, which was built in 2015. Jordan Multack of Greenstone Partners represented the buyer and the seller in the deal.
MARBLE FALLS, TEXAS — Z Modular, a division of Zekelman Industries, has begun leasing at FLATZ 830, a 264-unit property located in Marble Falls, roughly 50 miles northwest of Austin, Texas. Amenities include a pool, fitness center, multi-sport simulator, pet park, coworking lounge, private conference room and complimentary coffee bar. Units come in studio, one-, two- and three-bedroom floor plans, according to Apartments.com.
WALDORF, MD. — North Bethesda, Maryland-based CAPREIT has acquired two properties in Walforf, roughly 30 miles southeast of Washington, D.C. The two communities, Palmer Apartments and Smallwood Gardens, total 360 units. Located at 3008 Pilgrims Square, Palmer Apartments was originally constructed in 1980 and consists of 152 apartments. Units come in one- and two-bedroom floor plans. Rents start at $1,662 per month for a one-bedroom residence, according to Apartments.com. Smallwood Gardens, formerly known as Smallwood Gardens at Village Center of St. Charles, is situated at 2640 Hamilton Place. Originally built in 1976, …
EAU CLAIRE, WIS. — Marcus & Millichap Capital Corp. (MMCC) has secured a $10.1 million loan for the refinancing of Alto Station Apartments, an 88-unit building in Eau Claire, roughly 93 miles west of Minneapolis. The newly built community, which is located at 325 Main St., is pre-leasing now and is expected to open in 2026, according to the property’s website. The community features a mix of studio to two-bedroom floor plans. Amenities include a fitness center, clubhouse, rooftop terrace and bike storage. Robert Bhat of MMCC arranged the loan …
SAN DIEGO — Dwight Mortgage Trust, an affiliate REIT of Dwight Capital, has provided a $48 million construction loan for GH 25, a 114-unit project in San Diego. CAST Development is the borrower and project developer. The loan will be used alongside sponsor equity to fund construction, establish an interest reserve and cover transaction costs for the borrower. The eight-story project will offer 114 studio, one- and two-bedroom apartments. Amenities include a seventh-floor amenity terrace with a plunge pool, fire pits, barbecues and lounge areas. The property will also feature …
LOS ANGELES — Community Preservation Partners (CPP) has purchased Witmer Manor, an affordable housing property in Los Angeles. Located at 1501 Miramar St. in Los Angeles’ Westlake neighborhood, Witmer Manor comprises eight three- and four-story, elevator-served buildings containing 142 studio and 96 one-bedroom units. Common area amenities include a laundry room and an onsite property management office. CPP is partnering with LifeSTEPS to provide onsite adult education, health-and-wellness and skill-building classes and services to residents. Originally built in 1930, the property was most recently renovated in 2005. CPP’s total development investment …