Property Acquisitions and Dispositions

Radius Winter Park and Ashford at Feather Sound have a combined 624 units

JRK Property Holdings (http://www.jrk.com) one of the largest multifamily landlords in the United States, has acquired a 538-unit apartment complex in the Washington, DC suburb of Gaithersburg, MD,  the first in a series of acquisitions and dispositions totaling nearly $1.6 billion that is expected to close by year end.

Roswell, Georgia – 29th Street Capital (29SC), a privately-held real estate operator, has acquired Lake House at Martin’s Landing, a Class B, 300-unit asset located in the North Fulton submarket of Atlanta. 29SC plans to add value to the property with light upgrades to 282 apartments that were previously improved by the seller plus full interior renovations on 18 classic units. The firm will also improve the exteriors and amenities.

Madison Capital Group acquired 10 acres primed for multifamily development

One Real Estate Investment (OREI) acquired Whitney Manor and Westchase Apartments, 597 units in total, for a combined $45.7 million

Los Angeles, Calif. – Gelt, Inc., a Los Angeles-based real estate investment and asset management firm, is pleased to announce it has acquired Silverwood Apartments for $30 million. The 164-unit property is located at 4777 SW 11th St., in Gresham, OR.

Los Angeles, Calif. – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $3.5 million sale of Vanowen Collection, an 18-unit apartment property located at 12715 to 12719 Vanowen Street in North Hollywood. 

Los Angeles, Calif. – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $6.3 million sale of Washington Place, a 15-unit apartment property located at 401 Washington Avenue in Santa Monica, CA.  

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 Cypress Springs Apartments for $20,000,000 ($138,889/unit). This sale consisted of 144 multifamily units located at 3651 N. Rancho Drive in Las Vegas, Nevada.