DENTON, TEXAS — Helios Healthcare Advisors has brokered the sale of a restored assisted living facility in Denton. Fairhaven Denton Assisted Living was originally developed in the mid-1950s and closed in 2007. In 2019, Austin-based developer Investcor acquired Fairhaven and executed an $8 million renovation of the property, which is now featured on the National Register of Historic Places. Fairhaven reopened in fall 2020 and is now operated by Enriched Senior Living. Helios represented Investcor in the transaction. The buyer was a California-based owner-operator. Fairhaven Denton more than 95 percent occupied at the time of sale.
BOISE, IDAHO — Intercontinental Real Estate Corp., in partnership with Interwest Capital Group, has acquired River Edge, a 175-unit student housing community in Boise. Terms of the transaction were not disclosed. Located adjacent to Boise State University, River Edge offers 622 beds in a mix of two- and four-bedroom residences, averaging 1,197 square feet. Community amenities include a fitness center, study rooms, a business center, residential lounge/theater, coffee bar and parking for 277 vehicles. The joint venture plans to implement a light renovation program to all of the units, which have remained in their original condition since the property’s construction in 2015. Planned upgrades include stainless steel appliances, modern lighting, new living room furniture, smart TVs in every unit and keyless entry systems to align with market standards. Situated on 3.2 acres at 1004 W. Royal Blvd., River Edge is currently 99 percent leased for the 2025/25 academic year.
CARLSBAD, CALIF. — Cushman & Wakefield has brokered the sale of Raceway Industrial, a Class A logistics facility at 3125 Lionshead Ave. in Carlsbad. An institutional seller sold the asset to a private capital buyer for $76.9 million. Aric Starck and Drew Dobbs of Cushman & Wakefield represented the seller, while Brant Aberg and Bryce Aberg, also of Cushman & Wakefield, represented the buyer in the transaction. Constructed in 2024, the 228,548-square-foot logistics center includes a 4,369-square-foot first-story office and a 4,000-square-foot mezzanine office. The facility also features a clear height of 36 feet, 69 dock-high loading positions, 125-foot concrete truck courts, 370 parking stalls, ESFR sprinkler systems and 4,000 amps of power.
DENVER — Redpeak Properties has obtained $33.2 million in agency acquisition financing for Monaco Row, a garden-style apartment property in Denver. Tony Nargi and Eric Tupler of JLL Capital Market’s Debt Advisory team originated the five-year, fixed-rate Fannie Mae loan, which will be serviced by JLL Real Estate Capital. Located at 4665 S. Monaco St., Monaco Row features 196 one- and two-bedroom apartments spread across 16 residential buildings on 8.9 acres. Many units include direct-access garages and offer Rocky Mountain views. Community amenities include a pool, spa, fitness center, resident lounge and pet spa. The property was built in 2013.
ANTIOCH, TENN. — A partnership between Continental Realty Assets (part of Continental Realty Group) and CP Capital has purchased Discovery at Mountain View Apartments, a 336-unit multifamily community located in the Nashville suburb of Antioch. This is the first Nashville-area acquisition for the partnership and its fourth purchase total. The seller and sales price were not disclosed. Delivered in 2008, Discovery at Mountain View offers studio, one-, two- and three-bedroom apartments. Amenities include a clubhouse/leasing office, swimming pool, fitness center, business center and a dog park. Continental Realty Assets plans to modernize the apartment interiors and renovate the property’s exteriors and common areas during its ownership.
STATESBORO, GA. — JLL has negotiated the sale of Market 100, a 532-bed student housing community located at 100 Bermuda Run Road in Statesboro, less than a half-mile from the Georgia Southern University campus. RDG Student Housing, a division of Redeeming Development Group, purchased the 164-unit property from Preiss for an undisclosed price. The transaction marks the buyer’s first student housing acquisition. Teddy Leatherman, Scott Clifton and Kevin Kazlow of JLL’s student housing capital markets team represented the seller in the transaction. Jayme Nelson and Dan Kearns of JLL arranged a three-year acquisition loan through Bayview Asset Management on behalf of RDG Student Housing. Market 100 was 97 percent occupied at the time of sale. The community features a mix of two-, three- and four-bedroom floorplans with bed-to-bath parity in most units. Onsite amenities include a resort-style pool, sand volleyball court, clubhouse, fitness center, computer lounge, basketball court and a billiards table.
NASHVILLE, TENN. — Locally based Bluecrest Capital Advisors has acquired Royal Parkway I and II, a 145,000-square-foot small-bay industrial property located adjacent to Nashville International Airport, for $12.2 million. The seller was not disclosed. Truxton Trust provided an undisclosed amount of acquisition financing to Bluecrest Capital Advisors, a newly formed company founded by Nashville real estate experts Scott Porter and John Colucci. Porter was formerly a pitcher for the MLB’s Toronto Blue Jays. Royal Parkway I and II is Bluecrest’s second acquisition since its inception earlier this year. Bluecrest plans to invest $6 million in capital improvements to the value-add asset over the next five years, with renovations including exterior upgrades, new interior build-outs, a new roof and a new road. Built in 1990, Royal Parkway I and II sits on a 9.2-acre site and was 85 percent leased at the time of sale.
LAKEVILLE, MINN. — CBRE has arranged the sale of Livery, a 204-unit multifamily property in the Minneapolis suburb of Lakeville. Texas-based RPM Living Investments purchased the asset from Indiana-based Garrett Cos. for an undisclosed price. CBRE’s Ted Abramson, Keith Collins and Abe Appert represented the seller. Built in 2023, the townhome-style property features a range of one-, two- and three-bedroom floor plans averaging 1,117 square feet. Amenities include a yoga room, outdoor fire pit, pool, fitness center and indoor dog spa.
GREEN BAY, WIS. — Hanley Investment Group Real Estate Advisors has brokered the $25.4 million sale of Green Bay Plaza, a 232,796-square-foot shopping center anchored by T.J. Maxx, HomeGoods and Ross Dress for Less in Green Bay. Kevin Fryman, Bill Asher and Jeff Lefko of Hanley, in association with ParaSell Inc., represented the seller, Anenberg Asset Management, a family office based in Newport Beach, Calif. The buyer, Chicago-based Core Acquisitions, was self-represented. Built in 1960 and expanded in 2003, Green Bay Plaza is 89 percent occupied. Additional tenants include Burlington, Dollar Tree, Sierra, Five Below, Crunch Fitness and Skechers Outlet. The property is located two miles from Lambeau Field, home of the Green Bay Packers.
PITTSBURGH — An affiliate of San Antonio-based investment firm LYND Group has acquired Kelly Hamilton Apartments, a 110-unit affordable housing complex in Pittsburgh. The 21-building property is located in the city’s Homewood South neighborhood and offers one-, two- and three-bedroom floor plans. LYND, which plans to implement a capital improvement program, purchased the property through a bankruptcy proceeding in the U.S. Bankruptcy Court for the District of New Jersey.