Acquisitions

Bell Partners Buys 400-Unit Multifamily Community in Parker, Colorado

by Amy Works July 1, 2025

PARKER, COLO. — On behalf of the company’s Bell Value Add Fund VIII, Bell Partners has acquired Montane Apartments, a 400-unit multifamily property in Parker, for an undisclosed price. The community will be renamed Bell Parker Ranch. Completed in 2018, the garden-style community features studio, one-, two- and three-bedroom floor plans, a lazy river, an oversized clubhouse and well-programmed green spaces. Jordan Robbins of JLL Capital Markets brokered the deal. With this acquisition, Bell Partners now owns or manages a portfolio of approximately 7,400 apartments in 21 communities across the Denver region.

July 1, 2025

Acquisitions Multifamily Seniors Housing Western Wyoming

SLIB Brokers Sale of 74-Unit Seniors Housing Facility in Douglas, Wyoming

by Amy Works July 1, 2025

DOUGLAS, WYO. — Senior Living Investment Brokerage (SLIB) has brokered the sale of Douglas Care Center and Mountain Lodge, a senior living and skilled nursing facility located in Douglas. The facility totals 74 units with 96 beds across two adjacent properties, with assisted living, memory care and skilled nursing offerings. Originally built in 1968, Douglas Care Center was renovated in 2010. Mountain Lodge was developed in 2018. Vince Viverito and Jason Punzel of SLIB arranged the transaction.

July 1, 2025

Acquisitions Illinois Midwest Multifamily Student Housing

JLL Arranges Sale of 447-Bed Student Housing Community Serving Illinois State University

by Kristin Harlow July 1, 2025

NORMAL, ILL. — JLL Capital Markets has arranged the sale of The Flats at ISU, a 447-bed student housing community serving students at Illinois State University in Normal. Completed between 2011 and 2014, The Flats at ISU features 155 units in studio through four-bedroom layouts. Amenities include a fitness center, study spaces, tenant lounges and outdoor grilling areas. At 99 percent occupied for the 2024-2025 academic year, the property benefits from Illinois State University’s record enrollment of 21,546 students, including its largest freshman class in 37 years, according to JLL. Scott Clifton, Kevin Kazlow and Jack Goldberger of JLL represented the seller, a joint venture between Campus Advantage and Heitman. Jackson Dearborn Partners was the buyer.

July 1, 2025

Acquisitions Industrial Midwest Nebraska Self-Storage

Spartan Investment Group Buys Two Self-Storage Facilities in Nebraska Totaling 665 Units

by Kristin Harlow July 1, 2025

LINCOLN, NEB. — Spartan Investment Group, a Colorado-based real estate investment firm specializing in the self-storage industry, has acquired two self-storage facilities in Lincoln totaling 78,402 net rentable square feet and 665 units. The acquisitions mark the first Nebraska properties in the firm’s portfolio. The properties include a 386-unit facility at 1909 N. 1st St. and a 279-unit asset at 700 N. Cotner Blvd. The facilities were built in 2001 and 2012, respectively. Spartan will invest $250,000 in upgrades and expand amenities at both locations to improve curb appeal and modernize security.

July 1, 2025

Acquisitions Illinois Midwest Multifamily

Breneman Capital Acquires 48-Unit Apartment Building in Chicago

by Kristin Harlow July 1, 2025

CHICAGO — Breneman Capital has acquired a 48-unit apartment building to be rebranded as The Aura in Chicago’s Lakeview neighborhood. The purchase price was undisclosed. Base3 Development sold the property, which is located at 3821 N. Ashland Ave. Built in 2023 by Base3, the asset features a mix of one-, two- and three-bedroom floor plans.

July 1, 2025

Acquisitions Illinois Midwest Multifamily

Greenstone Partners Brokers $4.3M Sale of Chicago Multifamily Property

by Kristin Harlow July 1, 2025

CHICAGO — Greenstone Partners has brokered the $4.3 million sale of a newly constructed multifamily property in Chicago’s River West neighborhood. Located at 693 N. Peoria St., the building features nine units in two- and three-bedroom layouts. The asset features private balconies, onsite parking, in-unit laundry and separated HVAC systems. Some units feature private rooftop access. Jordan Multack of Greenstone represented the seller and sourced a local 1031 exchange buyer.

July 1, 2025

Acquisitions Loans Southeast Virginia

Atlantic Union Bank Closes Sale of $2B of Commercial Real Estate Loans to Blackstone

by John Nelson June 30, 2025

RICHMOND, VA. AND NEW YORK CITY — Atlantic Union Bank has closed the sale of approximately $2 billion of the banks’ commercial real estate loans to vehicles affiliated with Blackstone Real Estate Debt Strategies. Atlantic Union acquired the loan portfolio during its merger proceedings with Sandy Spring Bank, which closed on April 1, 2025. Atlantic Union intends to use the proceeds from the loan sale to pay down certain high-cost deposits and other high-cost funds, as well as to add to its securities portfolio. Blackstone Real Estate has acquired $20 billion of commercial real estate loan portfolios in the past 24 months, including from Signature Bank and German lender Deutsche Pfandbriefbank (PBB).

June 30, 2025

Acquisitions Florida Industrial Southeast

JLL Arranges $97.3M Sale of Industrial Facility in Groveland, Florida Leased to Duke Energy

by John Nelson June 30, 2025

GROVELAND, FLA. — JLL has arranged the $97.3 million sale of Turnpike Logistics Center, a Class A distribution center located at 19800 S. Obrien Road in Groveland, about 31 miles west of Orlando. Built in 2023, the 977,441-square-foot property was fully leased to Duke Energy, a utility company that uses the facility as its Florida headquarters and distribution hub. John Huguenard, Luis Castillo, Cody Brais, Taylor Osborne and David Orta Jr. of JLL represented the seller, Scannell Properties, in the transaction. Goldman Sachs Alternatives was the buyer. The facility features 40-foot clear heights, 212 dock-high doors, four drive-in doors, 130-foot truck court depths, 381 automobile parking spaces, 235 truck/trailer spaces and a 2.6-acre IOS laydown yard.

June 30, 2025

Acquisitions District of Columbia Office Southeast

Garfield, Broad Creek Capital Acquire 285,000 SF Office Building in D.C.

by John Nelson June 30, 2025

WASHINGTON, D.C. — A partnership between Garfield Investments and Broad Creek Capital has acquired a 285,000-square-foot, eight-story office building located at 300 M St. SE in Washington, D.C.’s Navy Yard district. The seller and sales price were not disclosed. Bradley Allen of Eastdil brokered the transaction. Situated two blocks from the Navy Yard Metro Station and opposite the Washington Navy Yard, the property was 53 percent leased at the time of sale to tenants including defense firms and subcontractors of the U.S. Navy. The office building includes a 7,000-square-foot conference facility, fitness center, 24-hour security and 304 underground parking spaces. Garfield and Broad Creek have selected Greg Tomasso of Avison Young to handle leasing at 300 M.

June 30, 2025

Acquisitions Arizona Build-to-Rent Single-Family Rental Western

Cavan Cos. Sells Build-to-Rent Project in Gilbert, Arizona for $66M

by Amy Works June 30, 2025

GILBERT, ARIZ. — Cavan Cos. has sold The Bungalows at San Tan Village, a 159-unit build-to-rent (BTR) community in Gilbert to AEW Capital Management. The sales price was $66 million. Cavan Cos. began construction of the property in 2021 and completed it in 2024. The Bungalows at San Tan Village was 97 percent occupied at the time of closing. The community offers a mix of one-, two- and three-bedroom single-story homes, each featuring private backyards and smart home systems. Amenities include a resort-style lap pool and a hot tub, a fitness studio, dog park, walking trail, playground and a resident clubhouse. The Bungalows is Cavan’s branded BTR product. The company has developed communities in Arizona and Nebraska under this name.

June 30, 2025

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