Sunday, September 14, 2025
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Multifamily

AcquisitionsIllinoisMidwestMultifamily

Marcus & Millichap Brokers $7.9M Sale of Chicago Multifamily Portfolio

by Kristin Harlow

CHICAGO — Marcus & Millichap has brokered the $7.9 million sale of a six-property, 38-unit multifamily portfolio in Chicago’s Noble Square neighborhood. The assets are located at 1516 N. Greenview Ave., 1452 N. Greenview Ave., 1350 N. Greenview Ave., 1302 N. Cleaver St., 1362 W. Crystal St. and 1049 N. Marshfield Ave. The properties feature a mix of one-, two- and three-bedroom units, many of which have been recently renovated. The portfolio also includes 10 income-producing garage spaces. Tyler Preissing and James Ziegler of Marcus & Millichap represented the seller, a private investor, and procured the buyer, a local investment group.

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AcquisitionsDevelopmentIllinoisLee & AssociatesMidwestMultifamily

Lee & Associates Negotiates $6.5M Sale of Multifamily Development Site in South Elgin, Illinois

by Kristin Harlow

SOUTH ELGIN, ILL. — Lee & Associates of Illinois has negotiated the $6.5 million sale of 84.4 acres of residential land at 325 Umbdenstock Road in South Elgin. John Cassidy, Jay Farnam and Ken Franzese of Lee & Associates represented the seller, Spohr Family Trust. The buyer, Lennar/CalAtlantic Group LLC, was self-represented. The site was previously marketed for an industrial use for more than a decade, according to Farnam. Lee & Associates secured a residential home builder to purchase the site and worked with the village on a land entitlement and approval process.

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2811-Maple-Dallas
DevelopmentMultifamilyTexas

Crescent Real Estate Completes 31-Story Apartment Tower in Uptown Dallas

by Taylor Williams

DALLAS — Fort Worth-based owner-operator Crescent Real Estate has completed 2811 Maple in Uptown Dallas. The 31-story apartment tower houses 177 units in one-, two- and three-bedroom floor plans that range in size from 950 to 1,900 square feet, as well as 12 penthouses with an average size of 2,300 square feet. Residences are furnished with Bosch appliance packages, designer Italian cabinetry and quartz countertops. Amenities include a pool, fitness center, private library with a coffee bar, outdoor dining areas, study spaces and a dog park. Rents start at $4,000 per month for a one-bedroom apartment.

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AcquisitionsMultifamilyTexas

Westmount Realty Capital Sells 200-Unit Townhome Complex in San Antonio

by Taylor Williams

SAN ANTONIO — Westmount Realty Capital has sold Westmount at Houston Street, a 200-unit townhome complex located at 4611 E. Houston St. in San Antonio’s East submarket. Developed on 18 acres in 2003 and acquired by Westmount in 2019, the 37-building property offers two-, three- and four-bedroom units with garages. Amenities include a pool, playground, dog park and a clubhouse with a business and fitness center. The buyer and sales price were not disclosed. The property was 91.5 percent occupied at the time of sale.

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DevelopmentMultifamilyTexas

CAP Multifamily Completes 18-Unit Project in Frisco

by Taylor Williams

FRISCO, TEXAS — CAP Multifamily has completed an 18-unit project in Frisco’s historic Rail District. Known as Beacon Rail District, the property offers one- and two-bedroom units, the former of which have an average size of about 745 square feet. Amenities include a coworking space, fitness center and a hotel-style lounge. Rents start at $1,980 per month for a one-bedroom apartment.

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Monte-View-at-Pohatcong
DevelopmentMultifamilyNew JerseyNortheast

Larken Associates Completes Lease-Up of 120-Unit Apartment Complex in Pohatcong, New Jersey

by Taylor Williams

POHATCONG, N.J. — Locally based developer Larken Associates has completed the lease-up of Monte View at Pohatcong, a 120-unit apartment complex located near the Pennsylvania-New Jersey border near Easton. The garden-style property consists of three multi-story buildings and one four-story building with a ground-floor clubhouse. Units come in one- and two-bedroom floor plans. Amenities include a pool, fitness center, game room, coworking space, grilling stations and a dog run. Construction began in November 2023. Leasing commenced last fall, at which time rents started at roughly $2,000 per month for a one-bedroom apartment.

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AcquisitionsConnecticutMultifamilyNortheast

NEPCG Arranges $5.2M Sale of Apartment Building in West Haven, Connecticut

by Taylor Williams

WEST HAVEN, CONN. — Regional brokerage firm Northeast Private Client Group (NEPCG) has arranged the $5.2 million sale of a 40-unit apartment building in the southern coastal Connecticut city of West Haven. According to Apartments.com, the three-story building at 295 Elm St. was originally constructed in 1960. Bradley Balletto, Rich Edwards, Jeff Wright and Derek Mahabir of NEPCG represented the local seller, CT Realty Trust, in the transaction and procured the buyer, an undisclosed, New York City-based private investor.

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DevelopmentMultifamilyNorth CarolinaSoutheast

Alliance Residential Opens 332-Unit Broadstone West End Apartments in Charlotte

by John Nelson

CHARLOTTE, N.C. — Alliance Residential has opened Broadstone West End, a 332-unit apartment community located at 2220 Wilkinson Blvd. in Charlotte’s FreeMoreWest neighborhood. The property includes studio, one and two-bedroom floorplans, with monthly rental rates starting at $1,359. Amenities include a saltwater pool, fitness center, outdoor grilling station with a Big Green Egg and pizza oven, two firepits with lounge seating and a resident clubroom. Other amenities include a speakeasy-inspired poker room that is hidden behind a cabinet door entrance, as well as indoor bike storage, a fenced dog park, EV charging stations, smart package lockers, package room with cold storage and gated parking. The design-build team includes McAdams Co. (civil engineer), Cline Design (architect) and MAD Studio Interiors (interior designer). Attractions within a mile of Broadstone West End include Legion Brewing and Pinky’s Westside Grill.

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AcquisitionsArkansasSoutheastStudent Housing

Aptitude Development Sells 647-Bed Student Housing Community Near University of Arkansas

by John Nelson

FAYETTEVILLE, ARK. — Aptitude Development has sold The Marshall Arkansas, a 647-bed student housing development located near the University of Arkansas campus in Fayetteville. Newmark brokered the disposition of the property to an undisclosed institutional investor. Terms of the transaction were not released. Developed in 2021, The Marshall Arkansas offers units in a mix of one-, two-, three- and four-bedroom configurations. Shared amenities include a resort-style pool and hot tub, outdoor kitchen, rooftop terrace, fitness center and fitness lawn, private and shared study spaces and a game room.

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AcquisitionsAffordable HousingMultifamilySouth CarolinaSoutheast

Comunidad Partners Acquires 234-Unit Haywood Apartments in Greenville

by John Nelson

GREENVILLE, S.C. — Comunidad Partners has acquired The Haywood, a 234-unit workforce housing community located at 100 Gloucester Ferry Road in Greenville, roughly one mile south of Simon’s Haywood Mall. The seller and sales price were not disclosed. The property was originally built in 1991 and was previously known as Hawthorne at the Park, according to Apartments.com. Comunidad Partners plans to renovate The Haywood’s unit interiors, facades and amenities. The company also plans to work closely with local and national nonprofit partners to establish resident services at the community.

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