Wednesday, August 13, 2025
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Multifamily

DevelopmentMidwestMissouriMultifamily

Draper and Kramer Opens Moda at The Hill Apartment Community in St. Louis

by Kristin Harlow

ST. LOUIS — Draper and Kramer Inc. has opened Moda at The Hill, a 225-unit apartment community in The Hill neighborhood of St. Louis. The four-story building offers a mix of one- and two-bedroom units ranging from 600 to 1,200 square feet. Monthly rents start at $1,373. Amenities include lounge areas, a fitness center, game room, coworking spaces, pet care facilities, a dog park, courtyard, pool, grilling stations, fire pits and garage parking. Moda at The Hill is part of a larger 11-acre master plan led by Draper and Kramer that also includes single-family homes by McBride Homes and a community park space.

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DevelopmentIllinoisMidwestMultifamily

Ryan Breaks Ground on 200-Unit Luxury Apartment Complex in Suburban Chicago

by Kristin Harlow

ELMHURST, ILL. — Ryan Cos. US Inc. has broken ground on Vyne on Haven, a 200-unit luxury apartment complex in Elmhurst. The transit-oriented development is located at 102 Haven Road. Units will range from 600 to 1,500 square feet. Amenities will include a 13,000-square-foot outdoor deck with a pool, cabanas, grilling stations and outdoor heaters, a sixth-floor sky lounge, fitness center, clubroom, coworking space, dog spa and dog run. Ryan A+E Inc. designed the six-story, 320,000-square-foot building. Ryan is the developer and general contractor for the project and will manage the property upon completion, which is slated for 2024.

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AcquisitionsMultifamilyNorthmarqTexas

Northmarq Arranges Sale of 84-Unit Bella Rose Apartments in Mission, Texas

by Taylor Williams

MISSION, TEXAS — Northmarq has arranged the sale of Bella Rose, an 84-unit apartment complex located in the Rio Grande Valley city of Mission. Built in 2008, the property features units with renovated interiors and amenities such as a pool, fitness center and onsite maintenance and management. Zar Haro, Moses Siller, Phillip Grafe and Bryan VanCura of Northmarq represented the seller in the transaction. The buyer, an entity doing business as AZTEX RE Investments LLC, plans to combine Bella Rose with the neighboring 80-unit property that it purchased earlier this year.

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AcquisitionsIndianaMidwestMultifamily

Blue Vista Acquires 206-Unit Multifamily Property Near Purdue University

by Kristin Harlow

WEST LAFAYETTE, IND. — Blue Vista Capital Management has acquired Wabash Landing Apartments in West Lafayette near Purdue University. The purchase price and seller were undisclosed. The property, which serves students, faculty and local professionals, features a mix of studio, one- and two-bedroom units. Amenities include a rooftop deck, fitness center, resident lounge, courtyard and study room. The property was fully leased as of July. Blue Vista’s affiliate student housing management company, PeakMade Real Estate, will manage the asset.

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DevelopmentMultifamilyNew JerseyNortheast

Larken Associates Receives Approval for 120-Unit Multifamily Project in Pohatcong, New Jersey

by Taylor Williams

POHATCONG, N.J. — Locally based developer Larken Associates has received approval from the Pohatcong Township Land Use Board for Monte View at Pohatcong, a 120-unit multifamily project. The site is located near the Pennsylvania-New Jersey border near Easton. The garden-style property will consist of three multi-story buildings and one four-story building with a ground-floor clubhouse. Other amenities will include a pool, fitness center and a dog run. Construction is expected to begin in mid-2023 and to be complete in early 2025.

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LoansMultifamilyNortheastPennsylvaniaSeniors Housing

VIUM Capital Provides $14.3M Bridge Loan for 144-Unit Seniors Housing Community in Pennsylvania

by Taylor Williams

PENNSYLVANIA — VIUM Capital has provided a $14.3 million bridge-to-HUD loan for the refinancing of a 144-unit seniors housing community in Pennsylvania. The name and address of the property, which provides independent living, assisted living and memory care services, were not disclosed. The undisclosed borrower will use a portion of the proceeds to fund a change in unit mix and other capital upgrades.

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AcquisitionsColoradoMultifamilyWestern

Unique Properties Brokers $110M Sale of Terra Village Apartments in Edgewater, Colorado

by Amy Works

EDGEWATER, COLO. — Unique Properties/TCN Worldwide and the Unique Apartment Group have arranged the sale of Terra Village Apartments, a multifamily community located at 6201 26th Ave. in Edgewater. California-based Trion Properties acquired the asset for $110 million, or $273,631 per unit. Terra Village features 402 apartments. Recent renovations include new kitchen cabinets, stainless steel appliances, tile backsplashes, updated bathrooms and in-unit washers/dryers. Marc Lippitt, Elliott Polanchych, Will McCauley, Phil Dankner and Kevin Higgins of Unique Properties represented the undisclosed sellers in the deal.

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AcquisitionsArizonaMultifamilyWestern

Northmarq Negotiates $44.5M Sale of Sonoma Valley Apartments in Apache Junction, Arizona

by Amy Works

APACHE JUNCTION, ARIZ. — Scottsdale-based Sonoma Valley LLC has completed the sale of Sonoma Valley Apartments, located at 975 S. Royal Palm Road in Apache Junction. FSO Real Estate Services, a division of Phoenix-based FSO Capital Partners, acquired the property for $44.5 million. Built in 2001, the 176,000-square-foot community consists of 11 two-story residential buildings on 9.9 acres. The property features 88 two-bedroom/two-bath, 950-square-foot units and 88 three-bedroom/two-bath, 1,050-square-foot units. On-site amenities include a pool, hot tub, 24-hour fitness center, picnic areas, basketball court and playground. Trevor Koskovich, Jesse Hudson, Bill Hahn and Ryan Boyle of Northmarq’s Phoenix investment sales team brokered the transaction.

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AcquisitionsColoradoMultifamilyWestern

Marcus & Millichap Arranges $34.4M Sale of Multifamily Community in Aurora, Colorado

by Amy Works

AURORA, COLO. — Marcus & Millichap has negotiated the sale of The Fitz on 14th, an apartment property in Aurora. The community traded for $34.4 million, or $195,455 per unit. The names of the buyer and seller were not released. Constructed in 1973, Fitz on 14th features 176 apartments in a mix of 18 studios and 158 one-bedroom units with open kitchens. Community amenities include a resort-style pool, barbecue/picnic area, playground, dog park, on-site leasing office, laundry facilities and a fully equipped workout room. Jason Hornik and Greg Price of Marcus & Millichap’s Denver office represented the seller and buyer in the transaction.

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Windom-Peak-Apts-Federal-Heights-CO
AcquisitionsColoradoMultifamilyWestern

Brinkman Real Estate Sells Windom Peak Apartments Near Denver for $24.6M

by Amy Works

FEDERAL HEIGHTS, COLO. — Brinkman Real Estate has completed the disposition of Windom Peak Apartments, a multifamily property located at 120 E. Grace Place in Federal Heights. An undisclosed buyer acquired the asset for $24.6 million, or $262,234 per unit. Built in 1964, Windom Peak features 94 units spread across a mix of one-story apartment buildings and two-story townhomes offering one-, two- and three-bedroom floorplans. During Brinkman’s ownership, the company added an energy-efficient boiler, insulation to reduce energy loss on existing systems, and low-flow toilets and fixtures. Jake Young, David Potarf, Dan Woodward and Matt Barnett of Walker & Dunlop represented Brinkman in the deal.

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