Property Acquisitions and Dispositions

Continental Realty Advisors (CRA), a Denver-based owner of multifamily communities nationwide, announced the sale of the 306-unit The Preserve at Southwind Apartments in Germantown, a suburb of Memphis. CRA improved the property with practical upgrades to common areas and amenities, as well as light renovations to most of the units.

Continental Realty Advisors (CRA), a Denver-based owner of multifamily communities nationwide, announced the sale of the 400-unit Tesoro Ranch Apartments in Henderson, Nevada. CRA improved the property with practical upgrades to common areas and amenities, as well as a light renovation to most of the units.  

Continental Realty Advisors (CRA), a Denver-based owner of multifamily communities nationwide, announced the sale of the 368-unit Courtney Village Apartments in Phoenix for $62.25 million. CRA improved the property with practical upgrades to common areas and amenities, as well as a light renovation to most of the units.  

WASHINGTON, D.C. – May 6, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces it has closed the sale of Hanover Shady Grove, a 366-unit, transit-oriented, mid-rise apartment community in Rockville, Maryland.

Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the $7.8 million sale of a 14-building, 289-unit portfolio of affordable apartments located primarily on Chicago’s West Side. The buyer, Chicago-based real estate investment firm Villa Capital Partners (VCP), purchased the portfolio from Chicago-based nonprofit NHS Redevelopment and plans to spend about $3 million to renovate the properties, which will remain affordable under a seven-year contract with the city. 

 (Jacksonville, FL/Palm Beach, FL)— A real estate investor has secured an $8.1 million loan from Trez Forman Capital to help acquire and renovate a 106-unit waterfront apartment community in Jacksonville’s south side.  Built in 1972, the Beauclerc Bay Apartments features nine 1-and-2-story buildings on three acres of land.  The property is ideally located on a creek next to a boat ramp that provides quick and easy access to the St. John’s River.

SAN DIEGO, CA – April 24, 2019 – HFF announces the $2.875 million sale of 4183 Alabama Apartments, a nine-unit, garden-style apartment property in San Diego, California.

DALLAS, TX – April 24, 2019 – HFF announces it has closed the sale of Villas of Josey Ranch, a 198-unit apartment community in the Dallas-Fort Worth submarket of Carrollton, Texas.