Solomon Organization Sells Three Apartment Communities in Metro Charlotte for $173.5M

CHARLOTTE AND MATTHEWS, N.C. — The Solomon Organization has sold a three-property multifamily portfolio in metro Charlotte for $173.5 million. The garden-style assets include Waterford Hills Apartments, a 270-unit property that was built in 1995 at 6219 Waterford Hills Drive in Charlotte; Mission Matthews Place a 392-unit community built in 1994 at 2100 Woodway Hills Drive in Matthews; and Matthews Pointe, a 100-unit property built in 1986 at 2100 Woodway Hills Drive in Matthews. Kevin Kempf, …

Cushman & Wakefield Brokers Sale of Selano at Bridge Street Apartments in Huntsville

HUNTSVILLE, ALA. — Cushman & Wakefield has brokered the sale of Selano at Bridge Street, a 244-unit apartment community in Huntsville. California-based Steadfast Cos. purchased the community from Connecticut-based Twenty Lake Holdings for an undisclosed price. Craig Hey and Andrew Brown of Cushman & Wakefield represented the seller in the transaction. Selano at Bridge Street serves at the multifamily component of Bridge Street Town Centre, a mixed-use development comprising hotels, offices …

Morgan Properties Acquires Two Midwest Multifamily Portfolios for $410M

ILLINOIS AND INDIANA — Morgan Properties has acquired two multifamily portfolios totaling eight communities and 2,986 units in Illinois and Indiana for $410 million. With the addition of these new assets, Morgan Properties now owns and operates 2,035 units in Illinois, 3,692 units in Indiana and more than 95,000 units nationwide.The Illinois portfolio consists of The Lakes of Schaumburg in Schaumburg, Blackhawk Apartments in Elgin and The Gates of Deer Grove in Palatine. The Indiana …

Habitat Co., P3 Markets Top Out $100M Mixed-Income Apartment Project in Chicago

CHICAGO — The Habitat Co. and P3 Markets have topped out construction of the first building at 43 Green, a $100 million mixed-income apartment development in Chicago’s Bronzeville neighborhood. Centered around the Chicago Transit Authority’s 43rd Street Green Line station, the project represents the first equitable transit-oriented development (ETOD) on Chicago’s South Side. The project will be developed in three phases and ultimately bring 300 new apartments to the neighborhood.The …

Kraus-Anderson Completes $38.6M Multifamily Project in St. Paul

ST. PAUL, MINN. — Kraus-Anderson Development Co. has completed construction of MODA on Raymond, a $38.6 million multifamily project located at the corner of Raymond and University avenues in St. Paul. Designed by UrbanWorks Architecture, the development houses 220 market-rate apartment units and 2,314 square feet of commercial space. The six-story property is located one block from the Green Line station in the St. Anthony Park neighborhood. Units at MODA on Raymond range from 361 to 1,180 …

Koontz Corp. Sells 340-Unit Apartment Community in College Station

COLLEGE STATION, TEXAS — San Antonio-based Koontz Corp. has sold Encino Trace Apartments, 340-unit community in College Station. Koontz completed Encino Trace, which offers one- and two-bedroom floor plans, in January 2022. Units feature stainless steel appliances, quartz countertops, brushed nickel hardware, simulated wood and ceramic tile flooring, full-size washers and dryers, walk-in closets, private patios and balconies and detached garages. Communal amenities include a pool with a …

Marcus & Millichap Brokers Sale of 309-Unit Multifamily Property in Northeast Dallas

DALLAS — Marcus & Millichap has brokered the sale of Hampton Greens, a 309-unit multifamily property in northeast Dallas. Built in 1985 on nine acres, the 16-building community offers one- and two-bedroom floor plans featuring patios or balconies, walk-in closets and exterior storage space. Amenities include a pool, business center, fitness center, clubhouse, children’s play area and onsite laundry facilities. David Fersing, Nick Fluellen and Bard Hoover of Marcus & Millichap …

Cushman & Wakefield Arranges $91.9M Construction Loan for Bellevue Station Apartment Project in Washington

BELLEVUE, WASH. — Cushman & Wakefield has arranged $91.9 million in construction financing for Legacy Partners and New York Life Real Estate Investors for the development of Bellevue Station, a transit-oriented multifamily property in Bellevue.Located at 1525 132nd Ave. NE in Bellevue’s Bel-Red submarket, Bellevue Station will feature 288 apartments, including 230 market-rate units and 58 below-market Multifamily Tax Exemption units. Community amenities will include a gym with a …

Goodegg Investments, Break of Day Capital Acquire 248-Unit Mission Antigua Apartments in Tucson, Arizona

TUCSON, ARIZ. — San Francisco-based Goodegg Investments and Manhattan Beach, Calif.-based Break of Day Capital have jointly acquired Mission Antigua, a 248-unit apartment community located in the Midvale Park area of Tucson, for an undisclosed price.Julie Lam and Annie Dickerson of Goodegg Investments and Gary Lipsky at Break of Day Capital led the acquisition teams. This is the eighth asset in Arizona for Break of Day Capital and the first for Goodegg Investments.Completed in 1989, …

JLL Brokers Sale of Two Philadelphia Apartment Complexes Totaling 213 Units

PHIILADELPHIA — JLL has brokered the sale of two apartment complexes totaling 213 units in Philadelphia. The Broderick is a 69-unit property in the Society Hill area that houses one- and two-bedroom units with an average size of 854 square feet and 5,240 square feet of ground-floor retail space. The Republic is a 144-unit complex in the Rittenhouse neighborhood with studio, one- and two-bedroom residences averaging 695 square feet. The Republic also houses 5,267 square feet of retail space. …

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Walker & Dunlop

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