Wednesday, August 12, 2026
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AcquisitionsMidwestMinnesotaMultifamilySeniors Housing

JLL Arranges Sale of Two Seniors Housing Communities Totaling 216 Units in Metro Twin Cities

by Kristin Harlow

LAKE ELMO AND ARDEN HILLS, MINN. — JLL Capital Markets has arranged the sale of Boulder Ponds Senior Living and Round Lake Senior Living, two Class A communities totaling 216 units in the Twin Cities market. JLL represented the seller and developer, Trident Development, and procured the buyer, LTC Properties Inc. Lifespark will remain the operator of both properties, which feature independent living, assisted living and memory care services. Boulder Ponds Senior Living, completed in 2020, is a 95-unit community in Lake Elmo. Round Lake Senior Living, which opened in 2023, is a 121-unit community in Arden Hills.

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AcquisitionsIndianaIndustrialMidwest

Matthews Brokers $9.5M Sale of Goodwill Distribution Facility in Greenwood, Indiana

by Kristin Harlow

GREENWOOD, IND. — Matthews has brokered the $9.5 million sale of a Goodwill distribution facility in Greenwood. The transaction marked the highest-priced industrial property sale in the Johnson County submarket over the past year, according to Matthews. Built in 2016, the approximately 125,000-square-foot property sits on 18 acres with immediate access to I-65. The asset is leased to Goodwill Industries of Central Indiana and is positioned alongside major industrial users including Amazon, FedEx and Ulta. Alexander Harrold and Brett Davis of Matthews represented both the seller and the 1031 exchange buyer. Matthews leveraged Artemis, the firm’s proprietary artificial intelligence-powered customer relationship management platform, to identify a targeted pool of qualified industrial investors.

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AcquisitionsFloridaMultifamilySoutheast

Berkadia Arranges $89.9M Sale of Apartment Community in Naples, Florida

by John Nelson

NAPLES, FLA. — Berkadia has arranged the $89.9 million sale of Orchid Run, a 282-unit, garden-style apartment community located at 10991 Lost Lake Drive in Naples. Matt Mitchell and Chris Burtner of Berkadia represented the seller, an affiliate of The Inland Real Estate Group of Cos. Inc., in the transaction. The buyer, Cardone Capital, utilized funding from 282 Bitcoin for the acquisition, which increases the Miami-based company’s portfolio to 14,800 apartments and its total assets under management to more than $5.4 billion. Built in 2015, Orchid Run features one-, two- and three-bedroom apartments averaging 1,040 square feet in size. Amenities at the gated community include a swimming pool and spa with private cabanas, fitness center with a dedicated yoga studio, clubhouse with a resident lounge and demonstration kitchen, coffee bar, outdoor grilling and entertaining areas, pet washing station and a car wash.

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AcquisitionsNorth CarolinaRetailSoutheast

JLL Brokers Sale of 273,105 SF Shopping Center in Raleigh

by John Nelson

RALEIGH, N.C. — JLL has brokered the $36 million sale of Townridge Shopping Center, a 273,105-square-foot shopping center in Raleigh. Tom Kolarczyk, Michael Nieder and Brian Page of JLL represented the seller, Zeisler-Morgan Properties, in the transaction. Travis Anderson and Ward Smith, also with JLL, secured $26.5 million in acquisition financing for the buyer, Armstrong Capital Development (ACD). Walmart and Planet Fitness anchor the center, which was 96 percent leased at the time of sale. Other tenants include Chipotle Mexican Grill, Advance Auto Parts, Cato, AT&T, Burger King, Edible Arrangements and Papa Johns Pizza, according to LoopNet Inc. The property features five buildings at Townridge Shopping Center and a single building at the adjacent Village at Townridge that function together as a unified commercial site.

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AcquisitionsRetailSoutheastVirginia

Finmarc Sells Shopping Center in Manassas, Virginia for $24.5M

by John Nelson

MANASSAS, VA. — Bethesda, Md.-based Finmarc Management Inc. has sold Festival at Manassas, a 117,675-square-foot shopping center in Northern Virginia, for $24.5 million. JCR Cos. purchased the grocery-anchored property, which is located at 10288-10388 Festival Lane in Manassas. Ryan Sciullo, Chris Munley, Colin Behr and Casey Smith of CBRE represented Finmarc in the transaction. Situated near the intersection of Sudley and Portsmouth roads, Festival at Manassas was 88 percent leased at the time of sale to tenants including Global Foods, Golden Royal Buffet, SudsMore, My Salon Suites and Potbelly Sandwich Works.

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AlabamaDevelopmentSoutheastStudent Housing

Morrison Avenue Completes 128-Bed Student Housing Development Near Auburn University

by John Nelson

AUBURN, ALA. — Morrison Avenue Capital Partners has completed Hilltop Auburn, a 128-bed student housing property located near the Auburn University campus in Alabama. The community offers four- and five-bedroom townhomes with bed-to-bath parity and attached garages. The development team for the project included Lauderdale Architecture + Development and Reed Construction. 360 Property Management operates Hilltop Auburn on behalf of Morrison Avenue.

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ColoradoDevelopmentMultifamilyStudent HousingWestern

Landmark Properties Completes 397-Bed Student Housing Development Near Colorado State University 

by Amy Works

FORT COLLINS, COLO. — Landmark Properties has completed The Mark Fort Collins, a 397-bed student housing development located at 255 Johnson Drive near the Colorado State University campus in Fort Collins. The six-story community was developed in partnership with Silverpeak Real Estate Partners and Peninsula Investments. The property offers 193 fully furnished units in a mix of studio through four-bedroom configurations with bed-to-bath parity. Shared amenities include a heated outdoor pool, sky deck and lounge, gaming lawn, hammock grove, fitness center, coffee bar, sports simulator, private study and coworking rooms, three courtyards, multiple fire pits with seating areas, outdoor grilling space and a wellness center. The development team for the project included Mode 3 Architecture and Landmark Construction. 

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Terra-Nova-Plaza-Chula-Vista-CA
AcquisitionsCaliforniaRetailWestern

JLL Negotiates $30.4M Sale of Fully Leased Retail Center in Chula Vista, California

by Amy Works

CHULA VISTA, CALIF. — JLL Capital Markets has arranged the $30.4 million sale of Terra Nova Plaza, a fully leased retail center in the San Diego Bay city of Chula Vista. A global investment manager sold the property to an undisclosed buyer. Located at 390 H St., Terra Nova Plaza features 96,114 square feet of retail space that is home to a 44,477-square-foot Dick’s Sporting Goods store and a 51,637-square-foot Floor & Decor store, both of which are subject to long-term leases. Gleb Lvovich, Daniel Tyner and Geoff Tranchina of JLL Capital Markets represented the seller in the transaction.

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INDUS-Industrial-Bldg-Phoenix-AZ.jpg
AcquisitionsArizonaIndustrialWestern

INDUS Realty Trust Acquires 418,000 SF Warehouse in Phoenix

by Amy Works

PHOENIX — INDUS Realty Trust has aacquired 418,000-square-foot warehouse in Phoenix. Terms of the transaction were not released. Fully leased at the time of sale, the cross-dock building can support distribution uses and features “ample” loading doors and trailer parking with 180-foot deep, fully secured and gated truck courts. Will Strong, Jack Stamets, Molly Miller, Michael Matchett and Madeline Warren of Cushman & Wakefield’s National Industrial Advisory Group – Mountain West arranged the transaction.

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Link-OC-Anaheim-CA
AcquisitionsCaliforniaRetailWestern

Newmark Pacific Arranges $16.5M Sale of Link OC Retail Center in Anaheim

by Amy Works

ANAHEIM, CALIF. — Newmark Pacific has arranged the $16.5 million sale of Link OC, a shopping center in Anaheim. An undisclosed seller sold the property to Northpond Acquisition. Located at 1071, 1081 and 1095 N. Tustin Ave., Link OC features 26,385 square feet of necessity-based retail space and was fully leased at the time of sale. Current tenants include Reborn Coffee, Wendy’s, Byblos Mediterranean Grill, Pampanga Food Co., Spin Poke & Grill and MD Clinics Urgent Care. The property was renovated in 2017. Pete Bethea, Glenn Rudy and Rob Ippolito of Newmark Pacific represented the seller in the deal.

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