Cities
Draper and Kramer Acquires Chicago Luxury Apartments
CBRE facilitated the sale of the 180-unit rental property that was sold as part of a 1031 exchange. The new ownership assumed management of the community.
First Coast Fires On All Cylinders in Jacksonville
Development activity is at a high point in the metro, with more than 2,300 apartments scheduled to come online by year’s end.
LMC Tops Out Atlanta High-Rise Community
The 310-unit luxury rental building located in the city’s midtown district will feature ground-level terrace porches and rooftop amenities.
Jefferson Apartment Group Sells $43M Orlando Community
Avison Young represented the buyer, Palm Heights LLC, in its purchase of Azul Baldwin Park, a 178-unit property located in the Colonial Town submarket.
The Element at Sacramento State University Changes Hands
The 216-unit student housing community was 100 percent occupied at the time of the sale to NB Private Capital. The property underwent major renovations in 2016.
Nonprofit Purchases Affordable Community in Ohio
Bridlewood Village encompasses 70 fully affordable units in the southern area of Columbus. The 1980-built community spreads across 13 buildings.
Local Investor Buys 248-Unit Indy Community
Ardizzone Enterprises paid well over $12 million for the asset. U.S. Bank, the seller, had foreclosed on the property in 2016.
Vintage School’s New Assignment: Mixed-Income Community
Vacant since 1980, the 122-year-old school building will be transformed by Pittsburgh’s housing agency into 35 residential units.
Starlight Acquires Orlando Community
The 356-unit Shingle Creek was developed by Altman Cos. and completed earlier this year. Featured amenities include a swimming pool and spa.
Phoenix Group Acquires $45M Hollywood Community
Institutional Property Advisors represented the seller in its disposition of Vue Hollywood, a 92-unit property that features amenities such as a fitness center and a swimming pool.