Friday, February 6, 2026
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Capital Courts Forestville
MarylandMultifamilySoutheast

Federal Capital Acquires Apartment Community in Suburban Maryland for $19.5M

by John Nelson

FORESTVILLE, MD. — Federal Capital Partners (FCP) has purchased the 200-unit Capital Courts Apartments on Walker Mill Road in Forestville for $19.5 million. Capital Courts comprises 25 four-story, garden-style apartment buildings with two-, three- and four-bedroom units and amenities including a pool and a playground. FCP plans to invest in capital improvements, including window replacements, renovation of the office/clubhouse and pool areas and additional new landscaping. Gates Hudson has been retained as property manager for Capital Courts. Christine Espenshade, Scott Melnick, Robert Garrish and Kylie Belcher of JLL represented the undisclosed seller in the transaction. Capital One provided acquisition financing.

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GeorgiaLoansMultifamilySoutheast

Walker & Dunlop Provides $18.4M Loan for Apartment Community in Metro Atlanta

by John Nelson

SMYRNA, GA. — Walker & Dunlop Inc. has provided an $18.4 million loan for the refinancing of Jasmine at the Galleria Apartments, a 270-unit apartment community in Smyrna, a northwest suburb of Atlanta. The property offers one-, two- and three-bedroom apartment units in 19 apartment buildings. Jasmine at the Galleria’s community amenities include tennis courts, a swimming pool, gated access and a business center. Walker & Dunlop provided the 10-year loan that features five years of interest-only payments to the borrower, Lyon Communities. The loan, which Walker & Dunlop provided using Freddie Mac’s index-lock program, will refinance the Freddie Mac adjustable rate mortgage that was placed on the property 16 months ago.

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Publix Haines City
FloridaRetailSoutheast

Axiom Brokers $12M Sale of Publix-Anchored Shopping Center in Central Florida

by John Nelson

HAINES CITY, FLA. — Axiom Capital Advisors has brokered the $12 million sale of a Publix-anchored shopping center located at 600 US Highway 17-92 in Haines City. The 118,848-square-foot shopping center’s tenant roster includes Bealls Outlet, Dollar General and Anytime Fitness. Roberto Susi of Axiom represented the buyer, Haines City Mall LLC, in the transaction. Craig Callaway and Eric Bylin of BlueGate Partners represented the seller, Haines Mall LLC, an affiliate of Blackpoint Partners.

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416-W-52-St-NYC
LoansMultifamilyNew YorkNortheast

Meridian Capital Group Arranges $122.8M in Acquisition Financing for Vacant Residential Property

by Amy Works

NEW YORK CITY — Meridian Capital Group has arranged a $122.8 million acquisition loan for the purchase of a vacant residential property located at 416 W. 52nd St. in the Clinton neighborhood of New York City. The borrower is Gaia Real Estate. The 36-month loan provided by TPG Real Estate Finance features a competitive floating rate and two 12-month options. Constructed in 1940 and gut-renovated in 2015, the 141,350-square-foot property features 156 apartments. All units are completely new and include premium appliances, custom cabinetry, designer fixtures, wood flooring and oversized windows. Building amenities include a furnished rooftop deck, a fitness center and tenant lounge, plus an interior courtyard. The gut renovation included the updating and replacing all aspects of the property from plumbing and electrical wires to refinishing and reconstructing all visible surfaces (floors, walls, ceilings, kitchens and baths). Ronnie Levine and Jeff Berkes of Meridian’s New York City office originated the loan.

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270-274-E-2nd-St-NYC
MultifamilyNew YorkNortheast

Marcus & Millichap Arranges $3.6M Apartment Property Sale

by Amy Works

NEW YORK CITY — Marcus & Millichap has brokered the sale of a two-building apartment property located at 270-274 E. Second St. in Brooklyn. The 12-unit property sold for $3.6 million. Derek Bestreich, Erik Rodriguez and Seth Schiffman of Marcus & Millichap’s Brooklyn’s office represented the seller, a private investor, and the buyer, a REIT, in the transaction.

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Mixed-UseMultifamilyNew YorkNortheastRetail

9,250 SF Mixed-Use Building in Brooklyn Sells for $3.3M

by Amy Works

NEW YORK CITY — An undisclosed buyer has acquired a mixed-use building located at 1902 Church Ave. in Brooklyn’s Flatbush neighborhood. The corner property sold for $3.3 million, or $357 per square foot, in an all-cash transaction. The three-story, 9,250-square-foot building features nine rent-stabilized apartments and three commercial units. Richard Velotta of Cushman & Wakefield handled the transaction. The name of the seller was not released.

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Chester-College-NH
CivicNew HampshireNortheast

NAI Norwood Group Brokers $1.5M Sale of Former Chester College in New Hampshire

by Amy Works

CHESTER, N.H. — NAI Norwood Group has arranged the sale of the former Chester College of New England in Chester. Busch International acquired the asset for $1.5 million. The property consists of four buildings, totaling 50,000 square feet, of dining, classroom, library and dorm room space. The buyer plans to seek accreditation from the State of New Hampshire and reopen the school, which closed in May 2012, as a private school. Slated to open in May 2016, the new house will house and serve approximately 200 students in grades 7-12. Karl Norwood, Chris Norwood and John Hoben of NAI Norwood represented the undisclosed seller in the transaction.

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Dallas-Towns-of-Riverside
MultifamilyTexas

ARA Newmark Arranges Sale of 436-Unit Apartment Property in Metro Dallas

by Haisten Willis

GRAND PRAIRIE, TEXAS — ARA Newmark has arranged the sale of Towns of Riverside, a 436-unit, Class A apartment property located in Grand Prairie. Irvine, Calif.-based Bascom Group was the buyer, and the company plans capital improvements on the property. Towns of Riverside was 96.5 percent occupied at the time of sale. ARA Newmark’s Brian O’Boyle, Sr., Brian Murphy and Brian O’Boyle, Jr. led the sales effort on behalf of Irvine, Calif.-based Passco Cos. Jamie Leachman of NGKF Capital Markets arranged debt financing on the deal. Towns of Riverside was constructed in 1999 and its average unit size is 997 square feet. Community amenities include a swimming pool, jogging trail, recreational area with sand volleyball, tennis and basketball courts and a fishing pier.

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OfficeTexas

Berkadia Arranges Financing for Office Property in Metro Houston

by Haisten Willis

SUGAR LAND, TEXAS — Berkadia has arranged $21.9 million in financing for One Sugar Creek Center/Comerica Bank Building, an office property located in Sugar Land. Corby Chaffin and Steve Comly of Berkadia’s Houston and Philadelphia offices, respectively, secured the fixed-rate loan through an unnamed life insurance company. Chaffin and Comly originated the financing on behalf of the borrower, Equus Investment Partnership IX, a discretionary fund managed by Equus Capital Partners Ltd. Equus’ business plans call for capital improvements and amenity upgrades to the property. The 11-story property spans 193,998 square feet and is situated on 4.5 acres. Amenities include a deli, banking facility, surface parking and an attached four-level parking garage. Built in 1983, the property is 89 percent occupied. One Sugar Creek Center/Comerica Bank Building is located at 1 Sugar Creek Center Blvd. and is 20 miles southwest of downtown Houston. The property offers access to US Highway 59, US Highway 90A and State Highway 6.

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