News

Toll Brothers Apartment Living, Equity Residential Open 334-Unit Lyle in Dallas

by Channing Hamilton July 3, 2024

DALLAS — A partnership between Equity Residential and Toll Brothers Apartment Living, the rental division of Toll Brothers, has opened Lyle in Dallas. Construction began on the project in 2022 and was financed by a $55.6 million construction loan from Santander Bank, N.A. Located at 17727 Addison Road, Lyle offers 334 apartments in studio, one-, two- and three-bedroom layouts. Units include smart home technology features such as keyless entry and smart thermostats. Select units also include private balconies, terraces or fenced-in yards. Residents have access to outdoor amenities such as …

July 3, 2024

Investment Sales News Texas

Hamilton Point Investments Acquires 1,174-Unit Portfolio in Metro Houston for $195 Million

by Channing Hamilton July 3, 2024

HOUSTON — Hamilton Point Investments has acquired a portfolio of four properties totaling 1,174 apartments in the Houston metropolitan area. Hamilton Point Investments purchased the portfolio from a Texas-based multifamily developer for $195 million, which represents a cost per unit of $166,100. All four properties were built in 2022. The portfolio includes:

July 3, 2024

Investment Sales New Jersey News Northeast

JLL Capital Markets Brokers Sale of 226-Unit Avalon Hackensack at Riverside in Hackensack, New Jersey

by Channing Hamilton July 2, 2024

HACKENSACK, N.J. — JLL Capital Markets has arranged the sale of Avalon Hackensack at Riverside, a 226-unit community located at 414 Hackensack Ave. in the New York City suburb of Hackensack. JLL worked on behalf of the undisclosed seller. The buyer and sale price were also not disclosed. Jose Cruz, Michael Oliver, Steve Simonelli, Elizabeth DeVesty and Austin Pierce led the JLL Capital Markets team. Avalon Hackensack at Riverside was built in 2013. The community offers studio, one-, two- and three- bedroom apartments. Select units feature balconies, patios, dens and …

July 2, 2024

Investment Sales News Texas

Vanguard Real Estate Negotiates Sale of 54-Unit CoHo Apartments in Fort Worth, Texas

by Channing Hamilton July 2, 2024

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.

July 2, 2024

Investment Sales News Texas

JLL Capital Markets Brokers Sale of 202-Unit Vineyard Hills Apartments in Austin, Texas

by Channing Hamilton July 2, 2024

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 …

July 2, 2024

Development Finance Midwest Missouri News

JLL Capital Markets Arranges $12.7 Million Equity Investment for Waldo District in Kansas City, Missouri

by Channing Hamilton July 2, 2024

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, …

July 2, 2024

Colorado Investment Sales News Western

Capstone Apartment Partners Sells Eastglen Apartments in Longmont, Colorado

by Channing Hamilton July 1, 2024

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.

July 1, 2024

Berkadia California Investment Sales News Western

Berkadia Arranges $24.1 Million Sale of Prosper 89 in Las Vegas

by Channing Hamilton July 1, 2024

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.

July 1, 2024

Investment Sales News Texas

Newmark Brokers Sale of 290-Unit The Park on Brodie Lane in Austin, Texas

by Channing Hamilton July 1, 2024

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 …

July 1, 2024

Investment Sales Nevada News Western

TruAmerica Multifamily Acquires 234-Unit Parkway Townhomes Near Las Vegas

by Channing Hamilton July 1, 2024

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 …

July 1, 2024

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