Property Acquisitions and Dispositions

Mesa, Arizona – 29th Street Capital (29SC), a privately-held real estate operator, has acquired Argenta Apartments, a 396-unit multifamily community located in Mesa, Arizona. 29SC plans to invest over $3.2 million in capital improvements. Interiors will receive updated flooring, new black appliances and upgraded fixtures as well as plumbing and lighting packages. Cabinets will also be re-faced. Exterior improvements will focus on landscaping, A/C units and roof repairs. The new owner will add a dog park and playground and upgrade the pool area. 

Admiral Capital Group and Elite Street Capital recently announced the successful sale of The Fields Peachtree Corners, a 490-unit multifamily property located in Norcross, Ga., in the Atlanta MSA. The asset was sold for $51.2 million, representing an increase of over 40% in value.

Los Angeles, CA (Nov. 15, 2018) —Decron Properties has acquired Willow Creek, a 208-unit multifamily community in San Jose, CA for $84.6 million, increasing its annual investment activity for the year to a record $345 million.

This email address is being protected from spambots. You need JavaScript enabled to view it., This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it., and This email address is being protected from spambots. You need JavaScript enabled to view it.,of Northcap Commercial Multifamily, are pleased to announce the recent sales of Casa Bonita Apartments and Valley Vista Apartments for $7,150,000 ($99,305/unit). This sale consisted of 72 multifamily units built in 2004, located at 1411 N. 23rdStreet and 2930 Mountain Vista Street in Las Vegas, Nevada. This was a portfolio sale which consisted of two separate parcels being sold at the same time.

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.  

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.

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