Acquisitions

SUMMERVILLE, S.C. — URS Capital Partners has acquired The Palms at Edgewater, a 288-unit apartment community in the Charleston suburb of Summerville, for $58.5 million. The seller was not disclosed. The Huntington, N.Y.-based buyer financed the acquisition with a five-year, fixed-rate agency loan. Built in 2023, Palms at Edgewater features a mix of one-, two- and three-bedroom apartments ranging in size from 778 to 1,200 square feet, according to Apartments.com. Amenities include a pool, fitness center, playground, game room, business center, car wash area and a pickleball court.

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HOUSTON ­— Lion Real Estate Group, a Dallas-based investment firm, has acquired Villages of Briar Forest, a 241-unit apartment complex in West Houston. Built in 1999, the property offers one-, two- and three-bedroom units and amenities such as a pool, fitness center, business center, coffee bar and a dog park. Lion plans to renovate select unit interiors with new quartz countertops, vinyl plank flooring, backsplashes, cabinetry and lighting packages. Thomas Alleman of Newmark brokered the deal.  

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DALLAS — RAF Pacifica Group, a Southern California-based investment firm, has purchased a 15,750-square-foot warehouse in the Trinity Groves area of Dallas. According to LoopNet Inc., the building at 2200 Evanston Ave. was built in 1961 and renovated last year. The building comprises 13,231 square feet of warehouse space and 2,241 square feet of office space and features 16- to 20-foot clear heights. RAF has also negotiated a 10-year lease extension with the tenant, Gallery DeFi, an operator of immersive art experiences.

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LANSDALE, PA. — Locally based investment firm Equus Capital Partners has purchased Jacobs Woods, a 230-unit apartment complex located in the northern Philadelphia suburb of Lansdale, for $73.1 million. Built on 37 acres in 1996, the garden-style property offers one-, two- and three-bedroom units across 33 townhome-style buildings. Erin Miller led the Newmark team that brokered the sale of Jacobs Woods, which was 98 percent occupied at the time of sale. The seller was not disclosed. The new ownership plans to upgrade unit interiors and amenity spaces.

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PUEBLO, COLO. — Pinnacle Real Estate Advisors has negotiated the sale of Briarwood Apartments, a multifamily property located at 2026 Carlee Drive in Pueblo. The asset sold for $5.5 million, or $91,667 per unit. The property includes 60 units, plus an onsite manager house and workshop. Briarwood Apartments features 30 one-bedroom apartments and 30 two-bedroom units. Chris Knowlton of Pinnacle handled the transaction for both the undisclosed seller and undisclosed buyer.

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FRESNO, CALIF. — JLL Capital Markets has negotiated the sale of WelbeHealth-Fresno Center, an 18,869-square-foot PACE medical facility in Fresno. PACE stands for Program of All-Inclusive Care for the Elderly. Originally built in 1975, the property was renovated in 2020. The fully leased facility is part of the PACE program, providing comprehensive medical and social services to elderly individuals who are eligible for nursing home-level care but wish to continue living in their own homes. Services at WelbeHealth-Fresno Center include medical care, coordination, prescriptions, in-home care, dental, vision, hearing, transportation, physical and occupational therapy as well as social activities and meals. Matt Dicesare and Jeff Cicurel of JLL represented the seller, Turner Impact Capital’s Turner Healthcare Facilities Fund, and procured the buyer, Corum Asset Management.

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TUCSON, ARIZ. — Hazen Enterprises has completed the disposition of a single-tenant medical office building located at 4881 Grant Road in Tucson. Elliot Bay Medical Properties Holdings III LLC purchased the asset for $5.5 million. Pain Institute of Southern Arizona fully occupies the 15,000-square-foot property on a long-term lease. Originally constructed in 2008 and renovated in 2024, the property includes 58 surface and 20 covered parking spaces. Travis Ives, Gino Lollio and Tyler Morss of Cushman & Wakefield’s U.S. Healthcare Capital Markets team represented the seller and Bryce Horner of Cushman & Wakefield | PICOR provided local advisory services for the deal.

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WHEAT RIDGE, COLO. — Denver-based Kaufman Hagan Commercial Real Estate has arranged the sale of an office building located at 6073 W. 44th Ave. in Wheat Ridge. The asset traded for $1.8 million, or $117.49 per square feet. The 15,321-square-foot building offers 13 office suites. Amanda Weaver and Alejandro Martinez of Kaufman Hagan represented the undisclosed seller in the deal. The name of the buyer was not released.

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NEBRASKA — National Health Investors Inc. (NHI) has acquired a portfolio of six Agemark memory care communities located in Nebraska for $63.5 million. The seller, Agemark Senior Living, will continue to operate the properties, which total 205 units, on a 15-year master lease with two five-year renewal options. Agemark operates the communities under the CountryHouse brand, which was established in 1997 exclusively for residents requiring personalized memory care.

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ATLANTA — The Taylor McMinn Retail Group of Marcus & Millichap in Atlanta has brokered the sale of a 10-store portfolio in North Carolina, Georgia and Florida. Each store is triple-net leased to Dollar General for an average lease term of 13 years remaining. The undisclosed seller was an institution and the buyers were all individual private investors who paid an average of 97 percent of list price, according to Don McMinn of the Taylor McMinn Retail Group. “This portfolio sale showcases our team’s ability to achieve above-market pricing by leveraging our track record, network and platform in spite of challenging market conditions,” says McMinn.

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