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    The 400-unit luxury community's previous owner invested more than $3 million in capital improvements, repositioning the community for its sale price of $170,500 per unit.

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    Chandler Management purchased two residential properties totaling 676 units in Fredericksburg, Va. The seller, Equus, purchased both assets in 2012 for a total of $74.3 million.

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    Cascades Luxury Apartments is a $14 million development near the University of Florida. The community is the second ongoing project for the real estate company and it is slated for completion by the middle of 2018.

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    The company plans to upgrade the 256-unit property that it purchased from Peak Capital Partners in an off-market transaction. Mission Rock Residential will manage the property.

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