Gelt has purchased the 400-unit Westhills apartments in Lakewood for $66 million. The community is located at 453 Van Gordon St.
Colliers International has arranged the $24 million sale of University Lake Apartments, a 401-bed community located near the University of South Florida campus in Tampa.
HFF recently announced the successful marketing and sale of a Lake Oswego residential community.
Interstate Equities Corp. has a new asset in its portfolio: A 137-unit apartment complex in Milpitas. The fund manager just paid $46 million, or about $336,000 per door, for the project, formerly called Meritage Apartments. IEC’s new name is “555 Apartments,” which is a reference to the address at 555 S. Park Victoria Drive.
CBRE has finalized the sale of Lakeside Village apartment community in Atlanta, Ga. CBRE’s Shea Campbell and Kevin Geiger of the Southeast Multifamily Group led the sale on behalf of Arenda Capital Management LLC, a private investment firm based on Los Angeles, Calif.
Marcus & Millichap (NYSE:MMI) today announced its Institutional Property Advisors (IPA) division has arranged the sale of Montage Apartments, a 636-unit garden-style multifamily community located in Citrus Heights, California. The $74 million sales price equates to more than $116,000 per unit.