Property Acquisitions and Dispositions

Los Angeles, Calif. – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $4.805 million portfolio sale of two adjacent apartment buildings totaling 12 units located at 11307 Isleta Street and 217 Church Lane in the Brentwood neighborhood of Los Angeles. 

Los Angeles, Calif. – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, is pleased to announce that commercial real estate industry veteran, Larry Bustamante has joined the firm as Vice President. 

TruAmerica Multifamily, in partnership with funds managed by Eagle Realty Group, has acquired Charleston Landings and Charleston Edge, a 372-apartment home community located in the Brandon submarket of the Tampa metro. It is the 12th acquisition in Florida’s second largest market for the Los Angeles-based multifamily investment firm. 

 Fogelman Properties, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, announces the acquisition of Appling Lakes, a 312-unit apartment community in Memphis, Tennessee. 

Brickstone Partners, a full-service real estate investment and development firm located in Nashville, Tenn., today announced the acquisition of Kensington Apartments adjacent to the University of Colorado at Boulder.

The 400-unit Element at Stonebridge is just a 10-minute drive from Virginia’s capital

The 244-unit Glen at Cypress Creek will be renamed “The Asher”

ZMR Capital has acquired Sonoma Pointe, a 216-unit garden-style multifamily community in the Kissimmee submarket of Orlando, Florida, in an all-cash deal. The Tampa-based real estate investment company increases its Orlando apartment portfolio to 1,000 units and is on pace to eclipse 4,000 units in Orlando by the end of 2022.

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