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Acquisitions

Hamptons-At-Woodland-Pointe
AcquisitionsMultifamilySoutheastTennessee

American Landmark Acquires 240-Unit Multifamily Community in Nashville

by Abby Cox

NASHVILLE, TENN. — American Landmark Apartments has acquired Hamptons at Woodland Pointe, a 240-unit apartment community located in Nashville. The seller requested anonymity and the price was not disclosed. The property will be rebranded as Woodland Pointe Residences. Built in 2021, Woodland Pointe Residences offers a mix of one-, two- and three-bedroom apartments ranging in size from 677 square feet to 1,649 square feet, according to Apartments.com. Amenities include a swimming pool with a sundeck, fitness center, clubhouse, business center, dog park, barbecue grilling pavilion, car care center and controlled-access entry.

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AcquisitionsMultifamilyNew JerseyNortheastSeniors Housing

Hudson Atlantic Negotiates Sale of 59-Unit Affordable Seniors Housing Building in Bayonne, New Jersey

by Taylor Williams

BAYONNE, N.J. — Regional brokerage firm Hudson Atlantic Realty has negotiated the sale of a 59-unit affordable seniors housing community in Bayonne, roughly 10 miles outside New York City. Senior Horizons at Bayonne features units that carry a range of income restrictions, including for residents earning 40 to 60 percent of the area median income. Adam Zweibel of Hudson Atlantic brokered the deal. The buyer and seller were not disclosed.

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AcquisitionsDevelopmentNew YorkNortheast

Marcus & Millichap Brokers $16M Sale of Brooklyn Development Site

by Taylor Williams

NEW YORK CITY — Marcus & Millichap has brokered the $16 million sale of a development site in the Prospect Heights area of Brooklyn. The 16,500-square-foot site at 863 Dean St. is zoned for residential or mixed-use development. Matt Fotis of Marcus & Millichap represented the seller, a local family, in the transaction, and procured the buyer. Both parties requested anonymity.

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AcquisitionsIllinoisMidwestRetail

JLL, GA Group Broker $75M Sale-Leaseback of Family Dollar-Occupied Retail Portfolio Across 19 States

by Kristin Harlow

CHICAGO — Chicago-based JLL Capital Markets and GA Group Real Estate have brokered the $75 million sale-leaseback of a 46-property Family Dollar retail portfolio across 19 states. JLL’s net lease team and GA Group represented the seller, FD Retail Properties LLC. An institutional real estate investor was the buyer. According to JLL, the transaction demonstrates strong investor appetite for strategically located discount retail assets backed by established national operators, particularly when coupled with geographic diversification that mitigates single-market risk.

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AcquisitionsMidwestMissouriRetail

Gart Properties Acquires 158,000 SF Shopping Center in Kansas City

by Kristin Harlow

KANSAS CITY, MO. — Gart Properties has acquired Village at Burlington Creek, a 158,000-square-foot, grocery-anchored shopping center in Kansas City’s Northland corridor. Situated less than 10 miles from downtown with direct access to I-29, Village at Burlington Creek is home to Sprouts Farmers Market, Orangetheory Fitness, Club Pilates, Caribou Coffee, Taco Bell and a variety of daily needs businesses. The acquisition marks Gart’s first outside of Colorado. Chris Robertson of Newmark Zimmer represented Gart. PNC financed the transaction.

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Elara-at-the-Market-Seattle-WA
AcquisitionsMultifamilyWashingtonWestern

Seattle Housing Agency Buys First Multifamily Property for $60.9M

by Amy Works

SEATTLE — The Seattle Social Housing Developer (SSHD) has acquired its first multifamily property since city voters approved the creation of the independent public development authority in 2023. Spartanburg, South Carolina-based Johnson Development Associates sold Elara at the Market to SSHD for $60.9 million. Kidder Mathews arranged the sale. The 150-unit property, which Johnson Development Associates built in 2017, is located half a mile northwest of Pike Place Market. In 2023, Seattle city residents voted on Initiative 135, a local citizen-led ballot measure that officially chartered SSHD. In 2025, city voters went to the polls again to pass Proposition 1A, approving a local city tax on high-earning corporations to fund the public development authority. The city maintains the Seattle Housing Authority (SHA), which primarily serves the city’s poorest residents, mostly backed by federal HUD programs that fund households earning 30 percent or less of the area median income (AMI). SSHD, on the other hand, serves a middle bracket of residents earning up to 120 percent of AMI, specifically designed to help workforce renters, such as teachers and service industry workers — those renters who earn too much to qualify for public housing but not enough to afford market-rate rents. Johnson …

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Peaks-Redington-Tucson-AZ
AcquisitionsArizonaMultifamilyWestern

IPA Arranges $32M Sale of Multifamily Property in Tucson, Arizona

by Amy Works

TUCSON, ARIZ. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $32 million sale of Peaks at Redington, an apartment community in Tucson. An undisclosed seller sold the asset to Greenwater Real Estate Management for $106,312 per unit. Hamid Panahi and Clint Wadlund of IPA represented the seller in the disposition of the lender-owner asset and procured the buyer in the transaction. 
Constructed in 1980, Peaks at Redington features 301 one- and two-bedroom units averaging 722 square feet.

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AcquisitionsCaliforniaOfficeWestern

Newmark Negotiates $24.5M Sale of Office Campus in Carlsbad, California

by Amy Works

CARLSBAD, CALIF. — Newmark has negotiated the $24.5 million sale of Ventana, a Class A office campus located at 2173, 2175 and 2177 Salk Ave. in the Southern California city of Carlsbad. The names of the seller and buyer were not disclosed. Ventana features three buildings offering a total of 219,359 square feet of office space on nearly 15 acres. The property features institutional-grade construction, “large” and “efficient” floor plates and an amenity package that includes outdoor tenant areas and fitness facilities. At the time of sale, the campus was approximately 65 percent leased. Brad Tecca and Rick Reeder of Newmark represented the undisclosed seller in the deal.

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AcquisitionsArizonaIndustrialWestern

Cushman & Wakefield | PICOR Brokers Sale of 123,394 SF Industrial Building in Tucson, Arizona

by Amy Works

TUCSON, ARIZ. — Cushman & Wakefield | PICOR has brokered the sale of the 123,394-square-foot industrial building located at 3430 E. 36th St. in Tucson. The sales price was $8.6 million. A company doing business as Arto 3430 LLC acquired the property, which is known locally as the former Sam Levitz building, from a company operating under the name 36th & Palo Verde Investors LLC. Arto Brick, a manufacturer of handmade ceramic, porcelain and concrete tiles, pavers and brick veneers, will occupy the property in an effort to expand its California manufacturing operations into the Tucson market. Stephen Cohen and Paul Hooker of Cushman & Wakefield | PICOR represented the seller in the transaction, while Rick Borane of Volk Co. represented the buyer in the deal.

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AcquisitionsData CentersIndustrialSoutheastTop StoriesVirginia

Digital Realty Agrees to Buy Blackstone’s Stake in Northern Virginia Data Center Portfolio for $3.5B 

by Matthew Auchincloss

MANASSAS AND STERLING, VA. — Data center firm Digital Realty has agreed to purchase a $3.5 billion equity stake in three data centers located in the Northern Virginia cities of Sterling and Manassas from Blackstone-affiliated funds. The portfolio maintains a gross value of $7.8 billion, reflecting an expected initial stabilized capitalization rate of over 6.5 percent.  The portfolio is comprised of three data centers — two in Manassas, one in Sterling — which each contain 96 megawatts of IT capacity. Digital Realty will purchase Blackstone’s 80 percent interest in the Manassas properties and 50 percent interest in the Sterling facility, including assumed debt and remaining capital expenditures to complete the ongoing development.  Two of the data centers are expected to stabilize in the first half of 2027 while the third is anticipated to stabilize in 2028. The data centers are all fully leased for 15 years to investment-grade hyperscale customers, and rent will escalate annually by 3.6 percent.  The transaction will see Digital Realty pay Blackstone $1.2 billion in cash as well as $2.3 billion in Digital Realty shares for a blended 64 percent equity interest in the properties. Digital Realty was an original partner in the $7 billion joint …

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