Lone Star Funds ended its hold on the 539-unit Eilan Luxury Residences, selling the San Antonio property to FPA Multifamily of San Francisco. The sales price was not disclosed, though was assessed at $102.6 million by the Bexar Appraisal District.
Los Angeles-based Gelt Inc. acquired a two-property apartment portfolio totaling 491 units for $74 million in two submarkets 25 minutes south of downtown Seattle. The properties include The Row, a 247-unit asset in Kent (pictured above), and The Union, a 244-unit property in Federal Way.
Demmon Partners has acquired The Falls at Arden apartments in Sacramento for an undisclosed sum. The 272-unit community is located at 2345 Northrop Ave.
FPA Multifamily has acquired Barclay at Dunwoody, a 204-unit apartment community in Dunwoody, Ga., a suburb of Atlanta, for $29.3 million. The seller was a group of investors known as Barclay at Dunwoody LLC.
FPA Multifamily has acquired Barclay at Dunwoody, a 204-unit apartment community in Dunwoody, Ga., a suburb of Atlanta, for $29.3 million.
Colliers International has brokered the sale of Solhaus and Solhaus Tower in Minneapolis for $27.4 million.
FPA Multifamily LLC sold the 180-unit The Social at South Florida student housing complex at 2919 Network Pl. in Lutz, FL to Vesper Holdings LLC for $26 million, or approximately $144,000 per unit.
A San Francisco real estate investor continued its recent spending spree in the Chicago area with the purchase of a $40 million suburban apartment complex, adding to what will likely be a record year of sales for the asset class.
Cushman & Wakefield has arranged the sale of City Walk, an urban mixed-use development located in Downtown Atlanta. Completed in 2007, the midrise fronts famed Auburn Avenue at Piedmont Avenue, in the heart of Atlanta’s urban renaissance area served by the new Atlanta Streetcar. Mike Kemether, Vice Chair of Cushman & Wakefield’s Multifamily Advisory Group, along with Fain Hicks, Senior Director of Cushman & Wakefield’s Retail Investment Sales team, represented the seller, Los Angeles-based CGI Strategies in the transaction. FPA Multifamily LLC acquired the 144-unit multifamily component, and an Atlanta-based private-partnership acquired the 28,000-square-foot retail portion of the property.