Multifamily

Waterton Acquires 522-Unit AMLI Warner Center Apartments in Los Angeles

by Amy Works July 28, 2025

LOS ANGELES — Waterton has purchased AMLI Warner Center, a multifamily property situated in the Warner Center master-planned community in the Woodland Hills neighborhood of Los Angeles. Terms of the transaction were not disclosed. Waterton will rebrand the gated community, located at 21200 Kittridge St., as The Kitt at Warner Center. Built in 2007, the property offers 522 one-, two- and three-bedroom floor plans, a resort-style pool and spa, grilling stations with picnic tables, a fire pit and outdoor fireplace, dog park and pet washing station, jogging path with a six-station exercise course, fitness center and two structured parking garages. Waterton plans to renovate the units with new stainless steel appliances, quartz countertops, new cabinet fronts and hardware in kitchens and baths, as well as updated lighting and plumbing fixtures, backsplashes, paint and vinyl plank flooring. Common areas will be reconfigured to maximize use of the space and enhance the resident experience.

July 28, 2025

Acquisitions Multifamily Nevada Western

CONAM Expands Las Vegas Presence, Buys 180-Unit Multifamily Community

by Amy Works July 28, 2025

LAS VEGAS — CONAM Strategic Investments Fund IV, a discretionary fund sponsored by The CONAM Group, has purchased Reverb at Spring Valley in Las Vegas. Terms of the transaction were not disclosed. Completed in 2000, Reverb at Spring Valley features 180 apartments, a clubhouse with a coffee bar, game room, fitness center and pool deck with assorted outdoor games, fire pits and barbecues.

July 28, 2025

Acquisitions Indiana Midwest Multifamily

Piping Rock Partners Sells Fox Pointe Apartments in Columbus, Indiana for $13.8M

by Kristin Harlow July 28, 2025

COLUMBUS, IND. — Piping Rock Partners, a San Francisco-based investment firm focused on value-add multifamily real estate in the Midwest, has sold Fox Pointe Apartments in Columbus for $13.8 million. CBRE represented the seller and buyer, an affiliate of Equity Property Management LLC. Piping Rock purchased the 120-unit multifamily property in 2010 for $4.7 million and invested more than $1 million in renovations, including a fully remodeled clubhouse, new roofing and siding, and interior upgrades such as new appliances, cabinetry, countertops, flooring and lighting.

July 28, 2025

Affordable Housing Development Illinois Midwest Multifamily

Skender Breaks Ground on 48-Unit Supportive Housing Development in Northbrook, Illinois

by Kristin Harlow July 28, 2025

NORTHBROOK, ILL. — Skender has broken ground on Poupard Place, a 48-unit supportive housing development in the Chicago suburb of Northbrook. Developed by nonprofit Housing Opportunity Development Corp. and designed by Cordogan, Clark & Associates, the project marks the city’s first affordable housing community and is slated for completion in summer 2026. The 1.5-acre project site was donated by the Village of Northbrook. Poupard Place will offer affordable homes for individuals and families where at least one household member is living with a disability. The development is named for Tom Poupard, the retired director of Northbrook’s Development and Planning Services. The four-story building will include a mix of one-, two and three-bedroom apartment units. Plans also call for a children’s play area.

July 28, 2025

Acquisitions Loans Multifamily New York Northeast Top Stories

JLL Brokers $243.5M Sale of Midtown Manhattan Apartment Tower

by Taylor Williams July 28, 2025

NEW YORK CITY — JLL has brokered the $243.5 million sale of Riverbank, a 44-story apartment tower located at 560 W. 43rd St. in Midtown Manhattan. Barings sold the freshly renovated property to an undisclosed institutional investment firm, with JLL representing both parties in the transaction. JLL also arranged $128.3 million in acquisition financing for the deal. The direct lender and specific loan terms were not disclosed. Originally developed in the late 1980s as a condominium project, Riverbank currently houses 418 rental units comprising 43 studios, 270 one-bedroom units, 62 two-bedroom apartments and 43 three-bedroom residences. The high-rise also features nearly 18,000 square feet of retail space that is fully leased to a nail salon, liquor store and coffee shop. Most of Riverbank’s units have private balconies with city and Hudson River views, and residents have access to a 5,000-square-foot lounge called the Harbor Club that offers poker and billiards tables, a media room and coworking space. Additional amenities include an Olympic-size pool, fitness center, outdoor terrace and grilling stations. Jeffrey Julien, Rob Hinckley, Andrew Scandalios, Steven Rutman and Devon Warren led the JLL Capital Markets team that handled the sale of Riverbank. Kelly Gaines, Geoff Goldstein and Michael Shmuely …

July 28, 2025

Acquisitions California Multifamily Western

Concord Capital Partners Buys The Park Wilshire Apartments in Los Angeles

by Amy Works July 25, 2025

LOS ANGELES — Concord Capital Partners has acquired The Park Wilshire, a multifamily building in Los Angeles’ Wilshire corridor. Kitty Wallace and Simmi Dhillon of Colliers represented the institutional seller and the buyer in the deal. The sale included an adjacent 14,002-square-foot parking lot. Originally constructed as a hotel, The Park Wilshire offers 170 apartments and a variety of amenities.

July 25, 2025

Acquisitions California Loans Multifamily Western

Northmarq Brokers $33.5M Sale of Multifamily Property in Glendale, California

by Amy Works July 25, 2025

GLENDALE, CALIF. — Northmarq has brokered the sale and financing of TENTEN Glendale, a mid-rise apartment community at 111 N. Louise St. in Glendale. Amidi Group sold the asset to Regent Properties for $33.5 million. Built in 2019, TENTEN Glendale features 66 studio, one- and two-bedroom apartments with floor-to-ceiling windows, stainless steel appliances, in-home washer/dryers and quartz countertops. Community amenities include a rooftop pool and spa, a fitness center, business center and onsite office/retail space. Northmarq also arranged a $22.7 million bridge loan for the buyer, Regent Properties, through a correspondent relationship with a life insurance company. The transaction was structured on an initial two-year term with three one-year extension options. Vince Norris, Jim Fisher, Mike Smith and Tommy Yates of Northmarq’s Multifamily Investment Sales team represented the seller and secured the buyer in the deal. Joe Giordani, Brendan Golding and Scott Botsford of Northmarq’s Debt + Equity team arranged the financing for the buyer.

July 25, 2025

Development Multifamily Texas

Brem Group Acquires 230-Unit Milo on Westheimer Apartments in West Houston

by Taylor Williams July 25, 2025

HOUSTON — Multifamily investment firm The Brem Group has purchased The Milo on Westheimer, a 230-unit apartment complex in West Houston that was built in 2015. According to Apartments.com, the property features one- and two-bedroom units and amenities such as a pool, fitness center, business center, playground, outdoor grilling and dining stations and package handling services. Brem Group obtained Freddie Mac financing and a $4.5 million preferred equity investment from Chicago-based investment firm 29th Street Capital to secure the acquisition. The seller was not disclosed.

July 25, 2025

Acquisitions Development Lee & Associates Multifamily Texas

Lee & Associates Brokers Sale of 15-Acre Multifamily Development Site in West Dallas

by Taylor Williams July 25, 2025

DALLAS — Lee & Associates has brokered the sale of a 15-acre multifamily development site in Dallas. The site at 1200 N. Walton Walker Blvd. is located on the city’s west side and is approved for the development of 300 units, construction of which is now underway. Alex Wilson and Jarrett Huge of Lee & Associates represented the seller, England Products, in the land deal. Local broker David Cook represented the buyer, Kentucky-based LDG Development.

July 25, 2025

Acquisitions Illinois Midwest Multifamily

Kayne Anderson, CEDARst Acquire 47-Story Millie on Michigan Luxury Apartment Tower in Chicago

by Kristin Harlow July 25, 2025

CHICAGO — A joint venture between Kayne Anderson Real Estate and CEDARst Cos. has acquired Millie on Michigan, a newly built luxury apartment tower in Chicago’s Loop. Completed in 2022 and located at 300 N. Michigan Ave., the property rises 47 stories with 289 apartment units and 25,000 square feet of retail space. Amenities include a rooftop pool and lounge, coworking spaces, a fitness center, dog run and integrated smart home features. The asset was 95 percent occupied at the time of sale. CEDARst, which owns and operates more than 5,000 apartment units in Chicago, utilized its Opportunistic Fund I, which launched in February.

July 25, 2025

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