Market Rate
Hamilton Zanze Makes First MD Buy
The company acquired the 404-unit Kingscrest Apartments in Frederick for $64.3 million and plans to invest $4.2 million to renovate it.
IPA Sells 350-Unit TX Property
Executive Director Will Balthrope, Senior Director Drew Kile and Jordan Featherston brokered the transaction of the 1998-built multifamily property. Sendera Investment Group is the former owner of the community.
Marcus & Millichap Arranges Sale of Uptown Minneapolis Asset
Colfax Avenue traded for $1.4 million. GLT Partners’ Mox Gunderson, Dan Linnell, Josh Talberg and Abe Roberts acted on behalf of the seller and also secured the buyer.
Marcus & Millichap Brokers Sale of New FL Asset
The Alexander at Sabal Point is a 286-unit multifamily property in the Sabal Point community of Longwood. Casey Babb worked on behalf of the buyer in this deal.
Canadian Investor Buys $46M Phoenix-Area Asset
The 360-unit community in Chandler last traded more than a decade ago, when PEM Real Estate acquired it as part of a portfolio deal.
Kaplan Taps Prescient for 336-Unit Atlanta Tower
Prescient’s Digital Thread technology will be used to efficiently deliver the belated project. The BIM system is expected to cut development costs, risks and deliver a superior product.
Crown Bay Group Grows Atlanta Portfolio
The company acquired two properties in different suburbs of the metro. Plans to rehabilitate the 1970-built properties are underway, featuring unit improvements and amenity upgrades.
Madison Residential Sells Seattle-Area Property
Berkadia has brokered the sale of the 105-unit apartment community located in Federal Way, Wash. The company represented the seller in the deal.
Odin Properties Trades Philadelphia-Area Community for $32M
The company picked up the asset for less than half the price back in 2014 and carried out extensive renovation and repositioning work.
Emma Capital Lands $64M Indianapolis Portfolio Deal
The three properties total 849 units and represent the first purchase the company completed in this market. Renovation work will begin once the final transaction closes.