Property Acquisitions and Dispositions
Los Angeles, Calif. – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $4 million off-market sale of 530 Alamitos Avenue in the Alamitos Beach submarket of Long Beach, CA.
MORRISTOWN, N.J. – JLL announced today that it has closed the $39.5 million sale of Morris Crossing Apartments, a 123-unit, garden-style apartment community in Morristown, New Jersey.
Monument Capital Management, an A-Rod CORP company and one of the country’s premier fully integrated real estate investment firms, announces the acquisition of Brynn Marr Apartments, a 196-unit multifamily community in Jacksonville, North Carolina. Monument Capital Management acquired the property from Brynn Marr Apartments, LLC and will make a number of meaningful upgrades to the property.
HOUSTON – JLL announced today that it has closed the sale of Steeplecrest, a 260-unit, garden-style apartment community in Northwest Houston’s Jersey Village submarket.
CHARLOTTE – JLL announced today it has closed the sale of Alta Prosperity Village, a recently completed, 292-unit apartment community in Charlotte, North Carolina.
CHICAGO – JLL announced today that it has closed the $38 million sale and arranged $27.4 million in financing for Echelon at Middletown, a 210-home, garden-style apartment community located in Louisville, Kentucky’s affluent East End submarket.
WASHINGTON D.C. – JLL announced today it has closed the $58.85 million sale and $45.9 million financing of Palette at Arts District, a 243-unit multi-housing community located in the Arts District of Hyattsville, Maryland.
BOSTON – Berkadia announces it has secured $49.725 million in acquisition financing for Riverbend on the Charles, a stabilized 170-unit multifamily community in the Boston suburb of Watertown, Massachusetts. Senior Managing Director Charles Foschini and Managing Director Christopher Apone of Berkadia’s Miami office arranged the loan on behalf of Harbor Group International, a global real estate and investment firm based in Norfolk, Virginia.
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 2301 Wengert Avenue Apartments for $1,700,000 ($85,000/unit). This sale consisted of 20 multifamily units built in 1962, located at 2301 Wengert Avenue in Las Vegas, Nevada.
