Tuesday, July 8, 2025
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Acquisitions

AcquisitionsIndustrialSoutheastTennessee

Westmount Realty Capital Sells 709,652 SF Industrial Facility in Nashville

by John Nelson

NASHVILLE, TENN. — Westmount Realty Capital has sold 840 Logistics Center, a 709,652-square-foot industrial facility situated on 44 acres in Nashville. The buyer and sales price were not disclosed. Westmount Realty has owned the bulk distribution facility since 2020 and has invested millions of dollars in capital improvements during its ownership, including new LED warehouse lighting, exterior painting, epoxy floor sealant and new dock and light packages on every loading dock within the facility. Built in 2008 near I-840 in Wilson County, 840 Logistics Center features 32- to 36-foot clear heights, 366 car parking spaces and 76 trailer stalls. The asset was fully leased at the time of sale to two third-party logistics tenants.

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AcquisitionsFloridaHospitalitySoutheast

CBRE Brokers $29.1M Sale of Courtyard by Marriott Hotel in Downtown St. Petersburg, Florida

by John Nelson

ST. PETERSBURG, FLA. — CBRE has brokered the sale of Courtyard by Marriott St. Petersburg Downtown, a 128-room hotel located at 300 4th St. N in downtown St. Petersburg. Atlanta-based The Radco Cos. purchased the hotel from Blackstone for $29.1 million. Christian Charre, Paul Weimer, Jennifer Jin and Andrew Pastorino of CBRE’s hotel division in Miami represented the seller in the transaction. The Courtyard by Marriott was converted from an independent boutique hotel in 2006 and underwent a renovation in 2015. Amenities include a restaurant and bar, onsite fitness and business centers, an indoor pool, 806 square feet of meeting space and valet parking.

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AcquisitionsKentuckyMultifamilySoutheast

Capstone Arranges $13.7M Sale of Multifamily Portfolio in Murray, Kentucky

by John Nelson

MURRAY, KY. — Capstone Apartment Partners has arranged the $13.7 million sale of an apartment portfolio in Murray. Situated near Murray State University and within a two-mile radius of one another, the portfolio comprises 86 completed units, 24 nearly completed units and 20 under construction units, all of which were leased at the time of sale. Adam Klenk, Austin Heithcock, Tyler Mayo and Jordan Arand of Capstone represented the seller, Jennings Management and BTJ Rental LLC, in the transaction. The seller developed the portfolio over the last 10 years and managed them during its ownership. The buyer and sales price were not disclosed, but Capstone says the portfolio traded at a record price per unit for the city of Murray.

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Oasis-at-Piney-Point-Houston
AcquisitionsMultifamilyTexas

Berkadia Arranges Sale of 318-Unit Oasis at Piney Point Apartments in West Houston

by Taylor Williams

HOUSTON — Berkadia has arranged the sale of Oasis at Piney Point, a 318-unit apartment community in West Houston. Built in 2004 by Trammell Crow Co., the property offers one- and two-bedroom units ranging in size from 727 to 1,034 square feet, as well as two-bedroom townhomes as large as 1,412 square feet. Residences are furnished with stainless steel appliances, quartz and granite countertops, walk-in closets and private patios/balconies. Amenities include a pool, fitness center, business center, media lounge and a coffee bar. Jeffrey Skipworth, Chris Curry, Todd Marix, Chris Young, Joey Rippel and Kyle Whitney of Berkadia represented the seller, Canadian investment firm Marlin Spring, in the transaction. The buyer was not disclosed.

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AcquisitionsIndustrialTexas

Belvoir Real Estate Acquires 124,032 SF Industrial Facility in San Marcos, Texas

by Taylor Williams

SAN MARCOS, TEXAS — Houston-based investment firm Belvoir Real Estate Group has acquired Interstate Business Park, a 124,032-square-foot industrial facility in San Marcos, located roughly midway between Austin and San Antonio. The front-load facility features 16-foot clear heights, 11 dock doors, 147-foot truck court depths and 65 parking spaces. Dom Espinosa, Josh Villarreal and John Taylor of JLL represented the seller, locally based investment firm Live Oak, in the transaction. At the time of sale, the property was fully leased to Builders Alliance LLC, Premier Triangle LLC and CoTechno Group Inc.

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AcquisitionsIndustrialTexas

Partners Negotiates Sale of 70,248 SF Industrial Property in Houston

by Taylor Williams

HOUSTON — Partners, the brokerage and investment firm formerly known as NAI Partners, has negotiated the sale of a 70,248-square-foot industrial property located at 5959 Harvey Wilson Drive in Houston. Clay Pritchett and Zane Carman of Partners represented the seller, an entity doing business as Rhone Harvey Wilson LP, in the transaction. Chris Caudill, also with Partners, represented the buyer, All Points Warehouse Inc, a provider of intermodal freight and storage services.

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West-Chester-Rehabilitation-&-Healthcare-Center
AcquisitionsMultifamilyNortheastPennsylvaniaSeniors Housing

Tryko Acquires 180-Bed Skilled Nursing Facility in West Chester, Pennsylvania

by Taylor Williams

WEST CHESTER, PA. — New Jersey-based investment firm Tryko Partners has acquired a 180-bed skilled nursing facility in West Chester, approximately 25 miles west of Philadelphia. Tryko will rebrand the asset as West Chester Rehabilitation & Healthcare Center. The seller and sales price were not disclosed. Blueprint Healthcare Real Estate Advisors brokered the sale of the property.

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AcquisitionsHealthcareNew YorkNortheast

SRS Real Estate Brokers $15.9M Sale of Medical Office Building in Geneseo, New York

by Taylor Williams

GENESEO, N.Y. — SRS Real Estate Partners has brokered the $15.9 million sale of a 51,357-square-foot medical office building in Geneseo, located south of Rochester in upstate New York. The property was built on 6.2 acres in 2021 and is fully leased to Rochester Regional Health. Britt Raymond and Kyle Fant of SRS Real Estate represented the seller, a New York-based developer, in the transaction. Ray Yung Real Estate represented the buyer, a New Jersey-based family office.

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AcquisitionsMultifamilyNew JerseyNortheast

B6 Real Estate Arranges $6.5M Sale of Multifamily Development Site in Jersey City

by Taylor Williams

JERSEY CITY, N.J. — Locally based brokerage firm B6 Real Estate Advisors has arranged the $6.5 million sale of a 31,000-square-foot multifamily development site at 70 Mallory Ave. in Jersey City that is zoned for 136 units. Yanni Marmarou, Jack Drillock and Andrea Nestico of B6 Real Estate represented the undisclosed seller in the transaction. The buyer and construction timeline were also not disclosed.

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Matt Maison, vice president of research for Arbor Realty Trust
AcquisitionsArbor Realty TrustContent PartnerFeaturesMidwestMultifamilyNortheastSoutheastTexasWestern

Multifamily Opportunity Matrix Reveals Most Promising Markets for Investors, Developers

by Sarah Daniels

By Arbor Realty Trust Inflationary environments set many investors’ minds to thinking about multifamily properties, which have tended to perform as well or better than other property types in the face of economic headwinds. Product type is no guarantee of success, however, and careful site selection is essential to ensure a project will have the renter demand and pricing power the owner needs to succeed. Arbor Realty Trust, in partnership with Chandan Economics, developed the opportunity matrix featured in Arbor’s Top Opportunities in Large Multifamily Investment Report 2022. The opportunity matrix helps clients navigate the nation’s apartment markets, enabling them to compare relative strengths from one metro to the next and identify those offering the greatest potential for development or investment. Its ranking system, which analyzes eight key categories, found the top three U.S. metro markets for large multifamily investment in 2022 are San Antonio, Kansas City and Las Vegas. “Reviewing what made these communities rise to the top of our 50-metro ranking will demonstrate how investors can use the matrix to compare the climates of opportunity in the markets in which they operate, or to suggest new fields of opportunity for their next venture,” said Matt Maison, vice president …

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