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Rock Springs Duplexes in Round Rock, Texas
Build-to-RentInvestment SalesNewsTexas

RangeWater, Harbert Acquire 150-Unit Single-Family Rental Community Near Austin, Texas

by Channing Hamilton

ROUND ROCK, TEXAS — A partnership between Atlanta-based RangeWater Real Estate and Birmingham-based Harbert Management Corp. has acquired Rock Springs Duplexes, a single-family rental community located at 1338 Christopher Ave. in Round Rock, approximately 20 miles north of Austin. The seller and sales price were not disclosed.  Rock Springs Duplexes was built in two phases in 1985 and 1996. The unit mix includes 150 three-bedroom homes, which range from 968 to 1,280 square feet.  Each residence features an attached garage, driveway parking space and a fenced backyard. Units also include …

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Build-to-RentDevelopmentFinanceMidwestNebraskaNews

Cavan Cos. Receives $87.5 Million in Construction Financing for Build-to-Rent Projects in Omaha, Nebraska

by Channing Hamilton

OMAHA, NEB. — Cavan Cos. has secured two construction loans totaling $87.5 million for the development of The Bungalows on Honeysuckle and The Bungalows at Whitehawk Lake, two build-to-rent (BTR) projects in Omaha. ORIX Corp. USA’s Real Estate Capital Group provided the financing. Timelines for completion were not disclosed. Combined, the two projects will feature 466 single-story homes in one-, two- or three-bedroom layouts. Each residence will include open floor plans, 10-foot ceilings, laundry rooms, walk-in closets and fenced back yards with artificial turf. Select homes will also have garages. Both communities will …

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Seaside Apartments in Santa Cruz, California
Affordable HousingCaliforniaInvestment SalesNewsWestern

Marcus & Millichap Brokers $45 Million Sale of Affordable Housing Community in Santa Cruz, California

by Channing Hamilton

SANTA CRUZ, CALIF. — Marcus & Millichap has arranged the sale of Seaside Apartments, an 84-unit affordable housing community in Santa Cruz. The asset traded hands for $45 million. Seaside Apartments was developed in 1983. The property includes five two-story residential buildings, as well as one single-story office and amenities building. Amenities include a children’s playground, barbecue and picnic area, laundry facilities and carports. The unit mix includes 16 one-bedroom residences that are 626 square feet, 52 two-bedroom apartments that are 626 square feet and 16 three-bedroom townhouse units that …

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Arbor Trace Apartment Homes in Lynn Haven, Florida
FinanceFloridaNewsSoutheast

CBRE Arranges $99.7 Million Refinancing for Three Properties in Florida

by Channing Hamilton

LYNN HAVEN AND TALLAHASSEE, FLA. — CBRE has arranged three loans totaling $99.7 million for the refinancing for three communities in Florida. Two of the properties are situated in Lynn Haven, roughly 13 miles north of Panama City Beach, Florida. The third community is located in Tallahassee. The borrower was Tallahassee-based Arbor Properties Inc. The loans included a Fannie Mae loan for Arbor Trace Apartment Homes, a 336-unit property in Lynn Haven that was built in 2007; a Fannie Mae loan for Arbor Crossing at Buck Lake, a 208-unit community …

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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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