Property Acquisitions and Dispositions

Fogelman Properties, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce the acquisition of Reserve Bartram Springs Apartments in Jacksonville, Fla.  

FLORHAM PARK, NJ – November 7, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $43 million sale of The Fairview, a 12-story, Class A apartment property in Fairview, Bergen County, New Jersey.

Kiser Group, Chicago’s leading multifamily brokerage firm, recently brokered 512 W. Wrightwood, a 20-unit condo deconversion, for $4,550,000. Located in the East Lincoln Park neighborhood of Chicago, the seller, 512 Wrightwood Condominium Association, reached a unanimous decision to sell to an affiliate of Horizon Realty Group.

CHARLOTTE, NC – November 5, 2018 – HFF announces the sale and financing of Southpoint Glen, a 346-unit, suburban, garden-style apartment community in Durham, North Carolina. 

CHARLOTTE, NC – November 5, 2018 – HFF announces the $73.92 million sale of and acquisition financing for Weston Corners, a newly built, 308-unit, mid-rise multi-housing community in Cary, North Carolina.

Plantation and Royal Palm Beach, Fla. – American Landmark, one of the fastest-growing multifamily owner-operators in the country, has acquired two garden-style apartment communities in South Florida. The sellers were represented by ARA Newmark in a privately negotiated transaction. New ownership intends to conduct a multimillion dollar renovation program on both properties.

The communities acquired are Siena Apartments, a 292-unit apartment community located at 8080 NW 10th Court in Plantation; and Hidden Harbor Apartments, a 200-unit community located at 222 Kingfisher Way in Royal Palm Beach.

Plano, Texas – American Landmark, one of the fastest-growing multifamily owner-operators in the country, has acquired Legends at Ridgeview Ranch, a 480-unit garden style asset located in Plano, Texas. The property will undergo approximately $3.675 million in capital improvements and is the firm’s third acquisition in the Dallas metro area. The community was over 96 percent occupied at the time of sale.

MIAMI, FL – November 1, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale and financing of a three-property apartment portfolio totaling 1,048 units in the high-growth submarkets of Broward and Pinellas Counties in Florida.

PORTLAND, OR – November 1, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $84.3 million sale of and acquisition financing for Arbor Creek, a 440-unit, garden-style apartment community in Beaverton, Oregon.

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