Cities
Age-Restricted Community Sells for $35M
Marcus & Millichap represented the seller and procured the buyer in the sale of a 115-unit community in Rancho Santa Margarita, Calif.
Trion Properties Expands Portland Portfolio
The $12.3 million transaction marks the company’s third acquisition in the city of Beaverton, Ore. Trion plans to implement a renovation plan, including improvements made to the exterior and interior of the property.
Philly Apartment Portfolio Trades for $8M
The two properties are within five minutes’ distance of each other. New ownership will seek to improve value by renovating specific aspects of the communities.
Greystar Sells 372-Unit Dallas Luxury Asset
The property represents the first disposition made by Greystar Equity Partners VIII. Avana West Lemmon is situated in Uptown Dallas, near multiple shops and restaurants.
The Altman Cos. Opens New Altís-Branded Community
The South Florida luxury apartment community features an energy-efficient design and amenities including a spa, salt water pool and 24-hour fitness center.
Value-Add Portfolio Trades in Norfolk, VA
The five-community portfolio offers 124 units and easy access to the beach. The buildings are located near several planned projects in the Ocean View area.
MGPG Buys AZ Community for $101M
Lakeview at Superstition Springs comprises 44 buildings which overlook five lakes. The apartment community is undergoing a series of interior renovations.
Mill Creek Starts Preleasing at The Griffith
The 220-unit apartment community in Glendale is within 20 minutes of downtown Los Angeles. The area hosts employers such as Disney’s Grand Central Creative Campus and DreamWorks Animation.
Investors Snag Atlanta-Area Apartments
Franklin Street has facilitated the sale of two apartment properties: Salem Chase Apartments in Conyers, Ga., and Delta Appletree Apartments in southwest Atlanta.
Transit-Oriented Development Accelerates in Queens
An expanding pipeline and affordability issues are putting pressure on rent growth, but the borough’s multifamily market continues to show signs of long-term stability, due to New York’s overall strong fundamentals.