Property Acquisitions and Dispositions

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.

Greystone Brown Real Estate Advisors announced it has closed the $22,350,000 sale of Wildcreek Apartments, a 242-unit multifamily property in Clarkston, GA. Greystone Brown acted for both parties in the transaction, advising the seller, Tudor McLeod Asset Management, as well as the buyer, Two Water Capital. The transaction, which closed on October 2, 2018, was handled by Chandler Brown, Taylor Brown, and Bo Brown.

Kiser Group, Chicago’s leading multifamily brokerage firm, recently brokered 17 buildings in October throughout Woodlawn, South Shore and Bronzeville. Senior Director Noah Birk and Director Aaron Sklar focus their brokerage efforts throughout Chicago’s south side neighborhoods.

29th Street Capital (29SC), a privately-held real estate operator, has acquired Cali Sommerall Apartments, a 368-unit multifamily community located in the Copperfield/Bear Creek submarket of Houston. 29SC plans to invest over $2 million in capital improvements. Apartments will receive new granite countertops, a modern paint scheme, hardware and fixtures. New amenities will include a package locker delivery system, a dog park, fitness equipment and grilling stations. Renovations are planned for the clubhouse, leasing office, pool and surrounding areas. The new owners will also rebrand the community with a new name, logo and signs. 

HOUSTON, TX – October 29, 2018 – HFF announces the sale of The Edge at City Centre, a 284-unit, garden-style multi-housing community near the Texas Medical Center in Houston, Texas.

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