Acquisitions

Milestone Group Acquires 206-Unit Casa Brera Apartment Complex in Lake Worth, Florida

by Abby Cox August 22, 2025

LAKE WORTH, FLA. — The Milestone Group has acquired Casa Brera at Toscana Isles, a 206-unit apartment complex located in Lake Worth, approximately 35 miles north of Fort Lauderdale. The purchase price was not disclosed. Hampton Beebe and Avery Klann of Newmark marketed the property on behalf of the undisclosed seller. Casa Brera at Toscana Isles offers one-, two- and three-bedroom floorplans, ranging in size from 870 square feet to 1,430 square feet, according to Apartments.com. Amenities include a resort-style swimming pool, fitness center, clubhouse, social lounge, private movie theater, entertainment bar, multi-purpose sports court and a dog park.

August 22, 2025

Acquisitions Company News Multifamily Northeast Pennsylvania Top Stories

Morgan Properties Agrees to Acquire Dream Residential REIT in $354M Deal

by John Nelson August 22, 2025

CONSHOHOCKEN, PA. AND TORONTO — An affiliate of Morgan Properties LP, a multifamily investment firm based in metro Philadelphia, has entered into an agreement to acquire Toronto-based Dream Residential Real Estate Investment Trust (Dream Residential REIT). The all-cash transaction is valued at $354 million and is expected to close by the end of the year. Dream Residential REIT owns 15 garden-style multifamily communities totaling more than 3,300 units. The portfolio is concentrated in three markets: Cincinnati (six), Oklahoma City (five) and Dallas-Fort Worth (four). Morgan Properties will acquire all of Dream Residential REIT’s assets and assume the company’s liabilities as part of the acquisition agreement. Jonathan Morgan and Jason Morgan, co-presidents of Morgan Properties, said in a prepared statement that the company “looks forward to welcoming these new communities, enhancing the physical assets and providing best-in-class customer service for the residents.” The agreement requires Morgan Properties to pay all unit holders of Dream Residential REIT, which trades on the Toronto Stock Exchange, as well as unit holders of the REIT’s subsidiary DRR Holdings LLC, $10.80 per unit. The price represents a 60 percent premium to the REIT’s closing price on Feb. 19, 2025, which is the day the company announced …

August 22, 2025

Acquisitions Arizona Retail Western

Longpoint Partners Buys 144,192 SF Stetson Village Shopping Center in Phoenix for $71M

by Amy Works August 21, 2025

PHOENIX — Lena Centers, a subsidiary of Longpoint Partners, has purchased Stetson Village, a grocery-anchored shopping center at 3780-3890 W. Happy Valley Road in Phoenix, from Pederson Group for $71 million. Ryan Schubert, Michael Hackett and Zach Aulick of CBRE represented the seller and buyer in the transaction. Built in 2007, the 144,192-square-foot Stetson Village is fully occupied by a variety of tenants, including Capriott’s, Nekter Juice Bar, UPS Store, First Watch and Great Clips.

August 21, 2025

Acquisitions California Loans Multifamily Western

BWE Secures $43.4M Acquisition Loan for Villa Del Mar Apartments in Los Angeles County

by Amy Works August 21, 2025

MARINA DEL RAY, CALIF. — BWE has secured $43.4 million in acquisition financing for Villa Del Mar, a multifamily property in Marina del Ray. Initially constructed in 1872, Villa Del Mar consists of four three-story apartment buildings over at-garage parking, a five-story parking structure and a 209-slip marina. The property offers 198 one- and two-bedroom apartments with hardwood-style flooring, marina-view balconies and in-unit washers/dryers. Community amenities include a clubhouse, fitness center, pool and spa, basketball and tennis courts and barbecue areas. Mike Guterman of BWE arranged the acquisition financing from a life company on behalf of VDM Partners. The loan features a five-year, fixed-rate term with prepayment flexibility and two years of interest-only payments.

August 21, 2025

Acquisitions Colorado Retail Western

JLL Negotiates Sale of 24,985 SF Retail Strip Center in Aurora, Colorado

by Amy Works August 21, 2025

AURORA, COLO. — JLL has directed the sale of Parkside Collective, a three-building retail strip center in Aurora. Parkside Aurora LLC sold the asset to a partnership of Spark & Halo, Two Arrows Group and OlivePoint Capital for an undisclosed price. Constructed in 2021, the 24,985-square-foot property was 86 percent leased at the time of sale. Current tenants include Five Guys, Cheba Hut and Einstein Bros. Bagels. The retail center is part of a larger mixed-use development that includes a 216-unit apartment complex. Jason Schmidt and Austin Snedden of JLL represented the seller in the deal.

August 21, 2025

Acquisitions Multifamily Student Housing Texas Walker & Dunlop

Walker & Dunlop Brokers Sale of 553-Bed Student Housing Property Near Texas State University

by Taylor Williams August 21, 2025

SAN MARCOS, TEXAS — Walker & Dunlop has brokered the sale of The Edge, a 553-bed student housing property located near the Texas State University campus in San Marcos. The community offers 173 units in a mix of one-, two-, three-, four- and five-bedroom configurations. Shared amenities include a 24-hour fitness center, study rooms, a gaming room, resort-style pool, basketball and volleyball courts and a dog park. Chris Epp, Matthew Chase, Craig Miller, Holden Penn, Ben Sarna and Sarah Foronda of Walker & Dunlop represented the seller, 29th Street Capital, in the transaction. Campus Realty Advisors acquired the property for an undisclosed price. BWE arranged acquisition financing for the deal.

August 21, 2025

Acquisitions California Healthcare Western

Voit Brokers $5.3M Sale of Medical Office Building in San Diego

by Amy Works August 21, 2025

SAN DIEGO — Voit Real Estate Services has arranged the $5.3 million purchase of a medical office building located at 8623 Spectrum Center Blvd. in the Kearny Mesa submarket of San Diego. San Diego-based Cal Coast Credit Union sold the property to an undisclosed San Diego-based buyer. Situated within San Diego Spectrum, the single-story freestanding building offers 8,000 square feet of Class B medical office space. Tim Cajka and Myles Martinez of Voit Real Estate Services represented the buyer in the deal.

August 21, 2025

Acquisitions California Retail Western

Hanley Investment Group, Oaks Commercial Arrange $4.6M Sale of Retail Pad Site in Diamond Bar, California

by Amy Works August 21, 2025

DIAMOND BAR, CALIF. — Hanley Investment Group Real Estate Advisors and Oaks Commercial Real Estate have brokered the sale of a multi-tenant retail pad property located at 22438 Golden Springs Drive in Diamond Bar. A Las Vegas-based private partnership acquired the asset from a Los Angeles-based private non-exchange investor for $4.6 million. Starbucks Coffee, Jimmy John’s and Crumbl Cookies fully occupy the 4,767-square-foot property, which was built in 2016. Bill Asher and Jeff Lefko of Hanley Investment Group, along with Fred Encinas of Oaks Commercial Real Estate in Eastvale, Calif., represented the seller, while Arman Mahmoodi of BeachRock Group at Keller Williams in Beverly Hills, Calif., represented the buyer in the transaction.

August 21, 2025

Acquisitions Midwest Minnesota Retail

KPR Centers Acquires 451,700 SF Shoppes at Knollwood in Metro Minneapolis

by Kristin Harlow August 21, 2025

ST. LOUIS PARK, MINN. — KPR Centers, a New York-based retail real estate development and investment group, has acquired Shoppes at Knollwood, a 451,700-square-foot grocery-anchored shopping center in the Minneapolis suburb of St. Louis Park. The property is nearly 99 percent leased and anchored by Cub Foods, DSW, HomeGoods, Nordstrom Rack, Old Navy, Total Wine & More, TJ Maxx and Ulta Beauty. Christian Williams, Richard Frolik and Michael Wilson of CBRE represented the seller. Delivered in 1955 as Knollwood Mall, the asset has undergone several renovations over the decades, including its transformation into an enclosed mall in 1980. The center reverted to its open-air design in 2015 through a $30 million investment. KPR now owns and self-manages approximately 10 million square feet of retail space in 20 states. This purchase signals the owner’s entry into the Minnesota market. Over the last 18 months, KPR has acquired 12 centers totaling nearly 3 million square feet of space for approximately $400 million.

August 21, 2025

Acquisitions Industrial Texas

Stonemont Acquires 224,060 SF Industrial Service Facility in Southwest Dallas

by Taylor Williams August 21, 2025

DALLAS — Atlanta-based Stonemont Financial Group has acquired a 224,060-square-foot industrial service facility in southwest Dallas. The site at 3912-4012 W. Illinois Ave. spans 24.8 acres and functions as a heavy equipment and fabrication facility with nearly 10 acres of stabilized outdoor storage space. The facility was fully leased at the time of sale. The seller and sales price were not disclosed.

August 21, 2025

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