Property Acquisitions and Dispositions

Greystone, a leading national commercial real estate finance company, has provided a bridge loan for the acquisition of Vista Azul Apartments, a 248-unit multifamily property in Dallas, TX. The transaction was originated by Justin Hechler, Vice President at Greystone on behalf of Ryan Hall & Robert Murray of Magma Equities.

PORTLAND, Dec. 20, 2021 – JLL Capital Markets announced that it has closed the $35.75 million sale of Sheldon Butte, a 176-unit, garden-style, value-add apartment community in Eugene, Oregon.

Aurora, Colo. – Privately held real estate investment firm 29th Street Capital (29SC) has acquired a luxury, garden-style apartment community in Aurora, Colorado for $104 million. The purchase of Peakline at Copperfield marks the firm’s 12th acquisition in the Denver, Colorado metro area and the third in the Aurora submarket. 

Kiser Group, Chicago’s leading multifamily brokerage firm, recently represented the buyer of The Washington, an 8-unit luxury apartment building with 6,500 SF of commercial space located at 720 N. Washington St. in Naperville. Essex Realty Group, Inc.’s Managing Director Brian Karmowski represented the seller, a development group led by Joshua Voit, and Kiser Group Advisor Ron Plonis represented the buyer.

Becovic, a Chicago-based multifamily owner and operator, adds another Rogers Park property to its portfolio. Today, the company announced the closing of The Clark Rogers, a 19-unit courtyard building located at 7417-27 N. Clark Street. Chicago Real Estate Resources (CRER) represented the seller in this $2.2 million transaction and Becovic Realty represented the buyer.

Berkadia announces it has arranged the sale and financing of Hollister Apartments, a 156-unit multifamily garden-style community in the Dickinson suburb of Southeast Houston. Managing Directors Chris Young and Joey Rippel and Director Kyle Whitney of Berkadia Houston represented the seller, Sunstone Properties Trust, a multifamily real estate investment manager based in Southern California.

Los Angeles, CA - Dunleer, a Los Angeles-based private real estate investment and development firm, today announced the $11.9 million sale of Casa de Ventura, a 32-unit apartment property located at 3098 Channel Drive in Ventura, CA.

Long Beach, Calif. – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.45 million sale of an eight-unit apartment property located at 26 Belmont in the Belmont Shore area of Long Beach, CA. 

Real estate investment management firm Haven Realty Capital (“Haven”) has closed on the first phase of a $17.5 million acquisition of Dartford Townhomes, a 57-unit build-to-rent community located in the Nashville suburb, Spring Hill.   Haven expects to acquire the remaining homes in phases over the next eight months.  

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