Market Rate
Fort Worth Community Changes Hands
Madera Residential sold Valencia, a 263-unit community, to a Dallas-based investment firm. Marcus & Millichap represented the seller and secured the buyer.
DFW Community Changes Hands
A local partnership sold The Bristols Apartments, a market-rate multifamily property in Hurst, Texas. The new owner plans to renovate the 94-unit community.
Ensemble Breaks Ground on Downtown Long Beach Community
Sonata Modern Flats features 112 units alongside a 605-foot-long elevated pedestrian walkway designed as a linear park.
CBRE Acquires $51M Denver Asset
The Class A property is located adjacent to 500,000-square-foot retail redevelopment Gardens on Havana and is in close proximity to downtown Denver and Denver Tech Center.
VA Community Sells for $115M
An affiliate of Pantzer Properties acquired a 576-unit community located roughly 30 miles from downtown D.C. The company will rename the asset The Point at Manassas.
Grosvenor Launches Pre-Leasing at DC-Area Community
Central is a 231,589-square-foot mixed-use development site that will offer 243 residential rental units above 15,080 square feet of ground-floor retail space.
SENTRE Bags $13M for San Diego Community
CVG Properties Inc. acquired Carlton Heights Villas, a 70-unit apartment community in the neighborhood of Santee. The property had an occupancy rate of 98.6 percent as of last month, following a major makeover.
Security Properties Expands Portfolio With $98M AZ Buy
The firm acquired three apartment communities totaling 1,276 units in Mesa, Glendale and Phoenix. Starwood Capital Group, the seller, bought the assets in 2012.
Naples Community Changes Hands for $67M
The seller completed a series of improvements during its ownership, including the renovation of the clubhouse and the creation of a private fitness studio.
ARA Newmark Closes $53M NC Deal
Vice Chairman Dean Smith and Executive Managing Director Sean Wood brokered the sale of 292-unit Cary Greens at Preston to Rivendell Global Real Estate. The Connor Group sold the 18-building asset.