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Canfield Park at Fairfield Metro in Bridgeport, Connecticut
ConnecticutInvestment SalesNewsNortheast

Adirondack Capital Partners Brokers $107 Million Sale of 300-Unit Community in Bridgeport, Connecticut

by Channing Hamilton

BRIDGEPORT, CONN. — New York City-based brokerage firm Adirondack Capital Partners has arranged the $107.5 million sale of Canfield Park at Fairfield Metro, a 300-unit asset in Bridgeport, a coastal city located roughly 20 miles southwest of New Haven, Connecticut. Canfield Park at Fairfield Metro was constructed in 2023. The community features studio, one- and two-bedroom apartments that range from 300 to 1,200 square feet. Amenities include a pool, fitness center, rooftop terrace, game room, golf simulator, music and art studios, courtyard with grilling stations, sports bar, coffee lounge and …

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Sovereign Apartments in Fort Worth, Texas
FloridaGeorgiaInvestment SalesKentuckyNew YorkNewsNortheastSouth CarolinaSoutheastTennesseeTexas

West Shore Secures $533 Million Refinancing for 2,806-Unit Sun Belt Portfolio

by Channing Hamilton

NEW YORK CITY — Newmark has arranged a $533 million loan for the refinancing of a portfolio spread across six states in the Sun Belt. Boston-based investment firm West Shore was the borrower. Citigroup provided the fixed-rate CMBS financing, which features a single-asset, single-borrower loan structure. Purvesh Gosalia, vice chairman of Newmark, secured the financing on behalf of West Shore.  The portfolio totals 2,806 units across nine garden-style properties. The assets include: Newmark is headquartered in New York City. The company also recently announced an assignment to market 10 multifamily …

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903 Peachtree in Atlanta
GeorgiaInvestment SalesNewsSoutheast

Waterton Acquires 32-Story 903 Peachtree in Midtown Atlanta

by Channing Hamilton

ATLANTA — Waterton has purchased 903 Peachtree, a 32-story apartment tower located at 903 Peachtree St. in Atlanta’s Midtown neighborhood. The seller and sales price were not disclosed, but Atlanta Business Chronicle reported that the asset traded for $118.6 million. 903 Peachtree features 427 apartment units, as well as 46,000 square feet of amenity space. Units come in studio, one-, two- and three-bedroom floor plans. The property also includes 7,843 square feet of retail space. Residents have access to outdoor amenities such as a rooftop pool and lounge area, grilling stations, private cabanas …

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Stonemeadow Farms in Bothell, Washington
Investment SalesNewsWashingtonWestern

JLL Capital Markets Arranges $93.1 Million Sale of Stonemeadow Farms in Suburban Seattle

by Channing Hamilton

BOTHELL, WASH. — JLL Capital Markets has arranged the sale of Stonemeadow Farms, a 280-unit community located at 23028 27th Ave. SE in Bothell, roughly 20 miles northeast of Seattle. LaSalle Investment Management sold the property for $93.1 million. David Young, Corey Marx and Chris Ross led the JLL Capital Market’s investment and sales advisory team representing the seller. The buyer was not disclosed. Stonemeadow Farms was constructed in 1999. The garden-style community consists of 20 buildings on a 29.1-acre site. Amenities include a fitness center, clubhouse with a kitchen …

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Kensington Crossing in Fredericksburg, Virginia
Investment SalesNewsSoutheastVirginia

The Milestone Group Acquires Two Communities Totaling 676 Units in Fredericksburg, Virginia

by Channing Hamilton

FREDERICKSBURG, VA. — The Milestone Group has acquired two apartment communities totaling 676 units in Fredericksburg, a city situated roughly 60 miles south of Washington, D.C., and 60 miles north of Richmond, Virginia. The communities included in the sale were Kensington Crossing (476 units) and Magnolia Falls (200 units). The Milestone Group assumed the existing loans for both communities and plans to upgrade common areas and amenities. The previous owner fully renovated the interiors at both properties. The seller and sales price were not disclosed.

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Avalon Oakridge in Durham, North Carolina
DevelopmentNewsNorth CarolinaSoutheast

AvalonBay Underway on First Phase of 930-Unit Avalon Oakridge in Durham, North Carolina

by Channing Hamilton

DURHAM, N.C. — AvalonBay Communities is currently underway on the development of Avalon Oakridge, a 930-unit project located along Durham-Chapel Hill Boulevard in Durham. The developer broke ground on phase I of the project, which will comprise 459 apartments, earlier this year. The first move-ins are expected to begin in the fall of 2026.  Additionally, AvalonBay Communities has acquired 7.8 acres from Beacon Properties Group for Phases II and III of the development, which will comprise a further 471 apartment units.  Chester Allen, Howard Jenkins and Tiffany Hilburn of CBRE …

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Avisa Lakes in Orlando, Florida
FinanceFloridaInvestment SalesNewsSoutheast

JLL Capital Markets Arranges $50 Million Sale, $35 Million Financing for Avisa Lakes in Orlando, Florida

by Channing Hamilton

ORLANDO, FLA. — JLL Capital Markets has arranged the $50 million sale of Avisa Lakes, a garden-style community located at 7960 Pine Crossing Circle in Orlando. JLL represented the seller, Lloyd Jones LLC and ST Real Estate Holding Inc., and procured the buyer, Beachwold Residential LLC. Situated on a 22.4-acre site, Avisa Lakes consists of 292 units across 16 buildings. Apartments come in one- and two-bedroom floor plans and average 850 square feet each. Community amenities include a playground, pool, clubhouse and game room, two dog parks, a soccer court, …

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The Lofts at Noho Commons in Los Angeles
CaliforniaInvestment SalesNewsWestern

Institutional Property Advisors Negotiates $92.5 Million Sale of The Lofts at Noho Commons in Los Angeles

by Channing Hamilton

LOS ANGELES — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of The Lofts at Noho Commons, a 292-unit community located in the NoHo Arts District of Los Angeles. The GPI Cos., an investment and development firm based in Los Angeles, acquired the asset from a joint venture partnership for $92.5 million. Joseph Grabiec, Kevin Green and Gregory Harris of IPA represented the seller and procured the buyer in the deal. Lofts at NoHo Commons was built in 2006. The unit mix includes 237 …

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Madison Bradenton in Bradenton, Florida
FloridaNewsSoutheast

Berkadia Originates $110.7 Million in Financing for Two Developments in Florida

by Channing Hamilton

BRADENTON AND MELBOURNE, FLA. — Berkadia has originated two loans totaling $110.7 million for two projects in Bradenton and Melbourne. Bradenton is located roughly 45 miles south of Tampa, Florida, while Melbourne is approximately 72 miles southeast of Orlando. Both properties will comprise 240 units and are slated for completion in 2026. Alec Fox of Berkadia’s Tampa office secured the financing on behalf of the sponsor, Charlotte-based Madison Capital Group. Berkadia secured $60 million in construction financing for Madison Bradenton, consisting of a $47 million senior loan provided by Peachtree Group …

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Samo Collection in Santa Monica, California
Affordable HousingCaliforniaInvestment SalesNewsWestern

Gortikov Capital Purchases 399-Unit Affordable Housing Portfolio in Santa Monica, California for $120 Million

by Channing Hamilton

SANTA MONICA, CALIF. — Locally based brokerage and advisory firm Gortikov Capital has purchased Samo Collection, a portfolio of affordable housing communities in Santa Monica, for $120 million. The portfolio comprises 399 units across 11 buildings. The properties were constructed between 1997 and 2009. Samo Collection offers studio, one-, two- and three-bedroom apartments with stainless steel appliances, hardwood-style flooring and central heating and air conditioning. The name of the seller was not released.

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