MOBILE, ALA. — Bodner Co. has sold the 270-unit Retreat at Schillinger, a Class A apartment complex located at 1313 Schillinger Road S. in Mobile, to LMS Cos. for $23 million. The property is 93 percent occupied. Amenities include a wellness center, resort-style swimming pool, dog resort, theater, ping pong table, pool table and meeting rooms. Sean Henry, John Weber and Chad DeFoor of ARA represented the seller in the transaction.
EVANSVILLE, IND. — Thompson National Properties LLC has acquired The Reserve, a 158-unit apartment complex at 700 Reserve Blvd. in Evansville. The 169,633-square-foot property is fully occupied. Units average 1,100 square feet and feature hardwood flooring and stainless steel appliances. Amenities include a clubhouse and swimming pool. David Gaines and Alex Blagojevich of Marcus & Millichap represented the seller, SC Bodner Co. Inc.
KANSAS CITY, MO. — GoldOller Real Estate Investments has acquired The Crossing At Barry Road, a 624-unit apartment building in Kansas City, for $55 million. With its acquisition, GoldOller now owns and manages approximately 2,000 units in metropolitan Kanas City and ranks among the city's largest residential landlords. The property contains two resort-style swimming pools, a tennis court, and clubhouse.
PHILADELPHIA — Gebroe-Hammer has completed the $16.75 million sale of Chestnut Hill Tower, a 228-unit high-rise apartment building at 7600 Stenton Ave. in Philadelphia. The 18-story building in the Chestnut Hill neighborhood includes 12 ground-floor retail spaces. Amenities include two pools, two tennis courts, a gym and community rooms. Rents at Chestnut Hill Tower start at $750 per month for studios and $1,500 per month for a three-bedroom unit. Joseph Brecher and Eli Rosen of Gebroe-Hammer represented the seller, an out-of-state private owner. They also secured the buyer.
NEW YORK CITY — Marcus & Millichap has arranged the $1.6 million sale of 92-94 Decatur St., a 16-unit apartment building in Brooklyn. The sales price represents 104,688 per unit. Derek Bestreich and Shaun Rhiney of Marcus & Millichap represented the seller, a private investor. They also secured the buyer, a private investor.
AUSTIN — Berkeley Point Capital has funded $52.3 million in first mortgage financing for the 348-unit West Campus II, a Class A dedicated student housing community located in the West Campus section of Austin. The community is part of a larger two-phased community known as The Quarters and is within walking distance of the University of Texas. Amenities of the community include courtyards, a 24-hour fitness center, on-site parking, stained concrete floors and furnished units upon request. Adam Randall of Berkeley Point's Bethesda, Md., office arranged the 10-year loan with full-term, interest only payments through the Fannie Mae DUS Student Housing program.
LOUISVILLE, KY. — Marcus & Millichap has arranged the $22.5 million sale of the 326-unit Vieux Carre Apartments, a multifamily property located at 9811 Vieux Carre Drive in Louisville. The property is fully occupied. Aaron Johnson of Marcus & Millichap represented the seller, The Infinity Group, in the transaction. Drew Babcock, also of Marcus & Millichap, represented the buyer, a Nashville-based multifamily investment group.
MIAMI — LNR Property and LYND plan to break ground on the $65 million, 390-unit EnV at Mary Brickell Village, an 800,000-square-foot residential tower located at 999 SW 1st Ave. in Miami, this month. The 35-story tower will be constructed on top of an existing Publix and multi-level parking structure for the Shops at Mary Brickell Village. Amenities will include a recreation deck with a swimming pool, spa, gazebos and cabanas. Behar Font & Partners is the architect for the project, which Plaza Construction is building. BlackRock Realty Advisors is the equity provider and Wells Fargo is the construction lender. Completion is slated for 2014.
PANAMA CITY AND JACKSONVILLE, FLA. — CBRE Group has arranged $37.1 million in financing for three multifamily properties located in Florida. In Panama City, the company secured $23.5 million in permanent debt to refinance Eagles Landing and Enclave in Panama City on behalf of Arbor Properties, the borrower. The 10-year loan has a 30-year amortization schedule. In Jacksonville, CBRE Group arranged $13.6 million in permanent financing for the acquisition of Waterford Apartments, on behalf of Insula Properties. The 10-year loan has two years of interest-only payments followed by a 30-year amortization schedule. Glenn Housman of CBRE Group arranged the loans through Freddie Mac.
NEW YORK CITY — Marcus & Millichap has arranged the $1.5 million sale of 277 W. 150th St., a 20-unit apartment building in New York City. The property totals 14,554 square feet. Peter Von Der Ahe, Scott Edelstein and Seth Glasser of Marcus & Millichap represented the seller, a private investor, in the transaction. They also secured the buyer, a limited liability company.