Multifamily

Hamilton Co. Buys 396-Unit Hill Estates Apartments in Belmont, Massachusetts for $175M

by Taylor Williams July 8, 2025

BELMONT, MASS. — Locally based investment firm The Hamilton Co. has purchased Hill Estates, a 396-unit apartment community in Belmont, a western suburb of Boston, for $175 million. Situated on 14.7 acres, Hill Estates offers 92 townhomes with an average size of 1,417 square feet and 304 apartments with an average size of 997 square feet. Simon Butler, Biria St. John, John McLaughlin and Brian Bowler of CBRE represented the seller, The Giovanni Family, which originally constructed the property in the 1960s, in the transaction. The team also procured The Hamilton Co. as the buyer.

July 8, 2025

Acquisitions Development Multifamily New Jersey Northeast

JLL Negotiates Sale of Multifamily Development Site in Kearny, New Jersey

by Taylor Williams July 8, 2025

KEARNY, N.J. — JLL has negotiated the sale of a multifamily development site in the Northern New Jersey community of Kearny that is fully approved for the development of 136 market-rate townhomes. The site is located at 55 Passaic Ave., adjacent to a community park that is also under construction. Jose Cruz, Ryan Robertson, Steve Simonelli, Michael Oliver, Elizabeth DeVesty and Austin Pierce of JLL represented the locally based seller, Russo Development, in the transaction. The buyer, PulteGroup Inc., will continue the development as Bridgeview by Pulte Homes.

July 8, 2025

Acquisitions Georgia Multifamily Southeast

Sherman Residential Acquires 233-Unit Skye Suwanee Town Center Apartments in Metro Atlanta

by John Nelson July 7, 2025

SUWANEE, GA. — Illinois-based Sherman Residential has acquired Skye Suwanee Town Center, a 233-unit apartment community in the northeast Atlanta suburb of Suwanee in Gwinnett County. The seller and sales price were not disclosed. Built in 2020, Skye Suwanee Town Center offers studio, one-, two- and three-bedroom apartments. Amenities include a 24/7 wine cellar, two-story fitness center and a rooftop terrace with a retrofitted Airstream lounge. The property also features retail space on the ground level leased to Thrive Coworking and Warm Waves, a coffee shop. Skye Suwanee Town Center is located at 500 Buford Highway, about one north of the city’s town square and about a quarter-mile south of Suwanee Town Center, a mixed-use district anchored by the 10-acre Town Center Park.

July 7, 2025

Acquisitions Affordable Housing Development Multifamily North Carolina Southeast

Coldwell Banker Brokers $3.4M Sale of Multifamily Development Site in Charlotte

by John Nelson July 7, 2025

CHARLOTTE, N.C. — Coldwell Banker Commercial Realty has brokered the $3.4 million sale of a 3.4-acre, multifamily-zoned parcel at 5703-5707 N. Tryon St. in Charlotte. The buyer, The Annex Group, plans to develop a 200-unit affordable housing community on the site. Capital partners for the project include City of Charlotte, Bank of America and the North Carolina Housing Financing Authority (NCHFA). The construction timeline was not released. Ryan Pilsy of Coldwell Banker represented the land seller, an entity doing business as Kilbros3 LLC, in the transaction. Annex Group was represented internally by Joy Skidmore and Ryan Clark.

July 7, 2025

Acquisitions Midwest Multifamily Wisconsin

Midloch, Hempel Acquire 118-Unit Apartment Building in Milwaukee’s Pabst District for $19.2M

by Kristin Harlow July 7, 2025

MILWAUKEE — Midloch Investment Partners and Hempel Real Estate have acquired The Malt House, a 118-unit apartment building in Milwaukee’s historic Pabst District, for $19.2 million. The brick building was originally constructed in 1882 as the malt house for the Pabst Brewing Co. The property was extensively redeveloped as a luxury multifamily asset between 2016 and 2021. Amenities include a fitness center, package room, movie screening room, coworking lounge, game room and rooftop deck. Brad Smith, Jack Maloney and Anna Lovell of Cushman & Wakefield brokered the transaction. The buyers secured a new mortgage loan from Landmark Credit Union. Harmoniq Residential will handle property management and leasing. The buyers plan to make common area improvements, some unit upgrades and address deferred maintenance. Midloch also owns the Brewery District Parking Garage adjacent to The Malt House.

July 7, 2025

Acquisitions Illinois Midwest Multifamily

Interra Realty Brokers $10.8M Sale of Multifamily Portfolio on Chicago’s North Side

by Kristin Harlow July 7, 2025

CHICAGO — Interra Realty has brokered the $10.8 million sale of a seven-building multifamily portfolio in Chicago’s West Ridge neighborhood. The garden-style properties feature 94 units. Joe Smazal of Interra represented the confidential local buyer as well as the seller, a West Coast-based private investor. As part of the transaction, the buyer assumed the CMBS loan from the seller. Situated on North California Avenue and built in 1961, the properties include 38 studios, 53 one-bedroom units and three two-bedroom floor plans. The buildings present a value-add opportunity through modernization of units and operational enhancements, according to Interra.

July 7, 2025

Acquisitions Multifamily Texas

Colliers Negotiates Sale of 252-Unit Green Arbor Apartments in Southeast Houston

by Taylor Williams July 3, 2025

HOUSTON — Colliers has negotiated the sale of Green Arbor Apartments, a 252-unit multifamily property in southeast Houston. The site spans 8.7 acres at 10601 Sabo Road in the Southbelt‑Ellington area, and the property offers one-, two- and three-bedroom units, some of which are equipped with private balconies/patios. Amenities include two pools and a playground. Chip Nash, Bob Heard and Jaleel Adatia of Colliers represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.

July 3, 2025

Acquisitions Multifamily Washington Western

Goodman Real Estate Sells Two-Property Multifamily Portfolio in Tacoma, Washington for $43M

by Amy Works July 3, 2025

TACOMA, WASH. — Goodman Real Estate has completed the sale of Sienna and Sienna Park, two multifamily properties in Tacoma, to Interstate Equities Corp. for $43 million, or $173,387 per unit. Located adjacent to one another, the properties offer a total of 248 units. Built in 1986, Sienna offers 80 two- and three-bedroom apartments spread across eight residential buildings. Constructed in 1988, Sienna Park offers 168 one-, two- and three-bedroom apartments across 17 buildings. The communities share an onsite leasing office and resident clubhouse, an outdoor pool, fitness center and standalone cabana. Giovanni Napoli, Philip Assouad, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal.

July 3, 2025

Acquisitions California Multifamily Western

Marcus & Millichap Arranges $18.3M Sale of Terra Oceanside Apartment Complex in California

by Amy Works July 3, 2025

OCEANSIDE, CALIF. — Marcus & Millichap has arranged the sale of Terra Oceanside, a multifamily property in Oceanside. A personal trust sold the asset to a limited liability company for $18.3 million. Located at 3964 and 3970 Waring Road, Terra Oceanside offers 62 studio, one- and two-bedroom apartments with patios or balconies, vinyl flooring, quartz countertops and stainless steel appliances. Community amenities include an onsite management office, laundry facilities, a fitness center, built-in barbecues and ample covered and uncovered parking spaces. Tyler Leeson, Drew Holden and Matthew Kipp of Marcus & Millichap represented the seller, while Holden, Kipp, Leeson and David Yeh of Marcus & Millichap represented the buyer in the transaction.

July 3, 2025

Development Midwest Multifamily Wisconsin

Continental, Three Leaf Open 267-Unit Westrock Residences in Hartland, Wisconsin

by Kristin Harlow July 3, 2025

HARTLAND, WIS. — Continental Properties and Three Leaf Partners have opened Westrock Residences, a 267-unit townhome and apartment property in the Milwaukee suburb of Hartland. The community offers one-, two- and three-bedroom stacked flat apartments as well as two- and three-bedroom, two-story townhome-style residences. Amenities include a resort-style pool, clubhouse, fitness center, golf simulator, dog run, playground and more than two miles of walking paths. Monthly rents start at $1,890, according to the property’s website.

July 3, 2025

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