SAN ANTONIO — Hunt Capital Partners has sold its ownership interest in Stonehouse Apartment Homes, a 248-unit affordable housing community in San Antonio, to the Mexican American Unity Council. The property, which is nearing the end of its compliance period, offers one-, two- and three-bedroom units and amenities such as a pool, clubhouse, courtyard and onsite laundry facilities. The percentage of the interest and the sales price it commanded were both undisclosed.
AUSTIN, TEXAS — Self-storage brokerage firm Versal has arranged the sale of Stash N Go, a 100-unit facility located roughly eight miles outside of downtown Austin. The facility spans 14,150 net rentable square feet and was 90 percent occupied at the time of sale. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the seller, an Austin-based entity doing business as Libertas Obsido LLC, in the transaction. The team also procured the undisclosed, Miami-based buyer.
NEW YORK CITY — Wavecrest Equities has acquired a portfolio of five multifamily buildings totaling 180 units in the Little Italy area of The Bronx for $28 million. The portfolio includes two retail spaces. Ben Khakshoor and Alex Fuchs of locally based brokerage firm Rosewood Realty Group represented Wavecrest Equities, which also assumed two existing loans totaling $20 million, and the undisclosed seller in the transaction. The deal traded at a cap rate of 5.85 percent.
NASHUA, N.H. — Berkadia has negotiated the sale of a 118-room Residence Inn hotel in Nashua, located in southern New Hampshire. The hotel offers a fitness center, indoor pool and complimentary breakfast. Denny Meikleham and John Kluh of Berkadia, along with Jeffrey White of Aries Commercial Real Estate, represented the seller, an entity doing business as Nashua TS Lodging LLC, in the deal. The buyer was also not disclosed.
BRIDGEPORT, CONN. — Coldwell Banker Commercial has brokered the sale of a 68,750-square-foot industrial property located at 1100 Boston Ave. in the southern coastal Connecticut city of Bridgeport. The site spans 3.7 acres. Chris O’Hara of Coldwell Banker represented the buyer, Soda Stop Plus Thrift & Bottle Return Center, in the transaction. Bradley Soules of Newmark represented the seller.
TOPEKA, KAN. — Marcus & Millichap has arranged the $2 million sale of Englewood Apartments, a 27-unit apartment building in Topeka. The property at 5210 SW 10th Ave. has historically been fully occupied. Jacob Carroll and Aaron Kuroiwa of Marcus & Millichap represented the seller, a limited liability company. The duo also secured and represented the buyer, an individual trust. The sale closed at the full list price.
LONGMONT, COLO. — Essex Financial Group has arranged a $58.5 million acquisition loan for the purchase of the Seagate campus in Longmont. The state-of-the-art R&D facility, spanning more than 533,000 square feet, was acquired by Conscience Bay Co. and Battery Global Advisors. The campus, which includes lab space, offices and amenities, is leased back to Seagate Technology Holdings. The financing arrangement aligns with CBC’s strategy of acquiring income-producing assets in Colorado.
SPOKANE, WASH. — CEP Multifamily has acquired Regal Ridge, a 97-unit, garden-style community in Spokane’s South Hill neighborhood. Ryan Harmon, Nicholas Ruggeiro, Giovanni Napoli and Philip Assouad of Institutional Property Advisors brokered the deal. The property traded for $21.5 million. The seller was not disclosed. According to Apartments.com, Regal Ridge was built in 1997 and offers two- or three-bedroom units. Amenities include a pool, clubhouse, playground and recycling services.
CALDWELL, IDAHO — StorageMart, the largest privately-owned self-storage company, has expanded its footprint in Caldwell. The company has added two storage facilities with a combined net rentable space of 131,686 square feet, providing customers with a variety of storage unit sizes and drive-up options. The storage properties provide a range of unit sizes from compact five-foot by five-foot units to 10-foot by 30-foot units. StorageMart continues to grow its presence in Idaho, catering to the increasing demand for self-storage solutions in the area.
CHARLESTON, S.C. — Hunter Hotel Advisors has arranged the sale of Holiday Inn-Charleston Riverview, a 179-room hotel situated along the Ashley River in Charleston. The seller, Charlotte-based Park Place Hospitality Group, recently completed a full renovation to the hotel prior to the sale. A partnership led by Rick Patton of Rio Partners purchased the hotel for an undisclosed price. Robert Taylor and Sophia Pittaluga of Hunter’s Miami office represented Park Place Hospitality in the transaction.