Property Acquisitions and Dispositions

 Kiser Group, Chicago’s leading multifamily brokerage firm, recently brokered a five-unit Ukrainian Village apartment building located at 1101 N. Damen for $2,100,000. Kiser Group Broker Rick Ofman represented both the seller, Ukrainian Village Capital, LLC, and a private buyer.

Monument Capital Management, an A-Rod CORP company and one of the country’s premier fully integrated real estate investment firms, announce the acquisition of Triple Crown at Tates Creek, a 228-unit garden style community in Lexington, Kentucky. This is the firm’s fourth property as part of Monument Opportunity Fund IV, which will also undergo an extensive capital improvements project.

Continental Realty Group through its subsidiary Continental Realty Assets, Ltd. ("CRA"), a Denver-based multi-family investment firm in partnership with MLG Capital (“MLG”), has completed the disposition of The Park at Forest Hill in Memphis, Tenn. The sale price was $64 million.

Berkadia announces it has arranged the sale of Dunedin Commons, a 280-unit garden-style apartment community located in Dunedin, Florida, approximately five miles north of Clearwater. Managing Director Jason Stanton of Berkadia’s Tampa office, Senior Managing Director Cole Whitaker and Senior Director Marc Sumner of Berkadia’s Orlando office arranged the transaction on behalf of the seller, Primerica Group One, Inc., a real estate firm specializing in commercial and multifamily development in the Tampa Bay area. Westdale Asset Management Ltd., a national real estate investment and management company headquartered in Dallas, acquired the property in an off-market transaction for $62.5 million.

WASHINGTON D.C. – JLL Capital Markets announced today that it has completed the $62.7 million sale of Monument Village at College Park, a mixed-use residential and retail property in College Park, Maryland.

Los Angeles, Calif. February 21, 2020 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the approximately $5.71 million sale of a 16-unit apartment property located at 445-455 Rose Avenue in the heart of the 4th Street/Retro Row submarket of Long  Beach, CA.

TAMPA, FLA. – JLL Capital Markets announced today that it has closed the $96 million sale of The Retreat at Vista Lake, a 640-unit, garden-style apartment community in the fast-growing Fort Myers, Florida, market.

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 are pleased to announce the recent sale of 2131 Statz Street Apartments for $1,000,000 ($66,666/unit). This sale consisted of 15 multifamily units built in 1963 located at 2131 Statz Street in North Las Vegas, Nevada.

Berkadia announces it has arranged the sale of Brownstone Uvalde, a 152-unit multifamily community in Uvalde, Texas. Managing Director Mike Miller, Senior Director Will Caruth and Director Cody Courtney of Berkadia’s San Antonio office secured the sale on behalf of Interurban Companies, a real estate investment and management firm based in Centennial, Colorado. The buyer was 3CM Multifamily.

DALLAS – JLL Capital Markets announced today that it has closed the sale of Parkview on Hollybrook, a 189-unit senior living community in Longview, Texas.