RangeWater Spends $55M on Atlanta Rental Community
Bell Partners sold Bell Buckhead West for $54.9 million. RangeWater Residential was the buyer. Bell Partners paid $62 million to acquire the asset in 2017, which is at 3201 Downwood Cir. in Atlanta. RangeWater renamed the property Blaine Buckhead West.
Rents at Blaine Buckhead West range from $1,399 to $2,345. Unit sizes range from 676 square feet for a studio to 1,189 square feet for a two-bedroom unit. The 280-unit project was built in 2015. Amenities include a fitness center, pool, 24-hour Java Bar and Lounge, Bocce Ball Court, game room with pool table, and a Sky Lounge Rooftop Deck.
Sun Life Financial announced acquired Bell Partners for $350 million. As part of the arrangement, Bell Partners became part of Sun Life’s multifamily operating platform.
Other News
Lewis Group Opens Second NorCal Rental-Home Community in West Sacramento
Independence in West Sacramento, a new gated community of 208 townhome-style rental homes developed by Lewis Apartments, opened its leasing office and model homes to the public on Saturday, Oct. 24. Located in West Sacramento’s Southport/Bridgeway Island area, Independence introduces rental homes designed for residents who want the space and privacy of a single-family home...
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CBRE Arranges Sale of Future Mixed-Use Development in Wisconsin
CBRE announced the sale of a 4.66-acre parcel at the northwest corner of County Highway MM and U.S. Highway 14 in Fitchburg, Wisconsin. Louisville, Kentucky-based Trilogy Real Estate Fitchburg LLC purchased the property from Fairchild Development LLC for $2.23 million, marking the company’s third location in the Madison market and expanding its footprint beyond its...
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Northmarq Arranges $96M Refi on SoCal Apartment Portfolio
Northmarq has arranged $95.8 million in refinancing for a six-property, 1,461-unit multifamily portfolio owned and operated by E&S Ring across Los Angeles and San Bernardino Counties. The financing was arranged through Voya Investment Management by Northmarq’s San Francisco Debt + Equity team, led by managing director Nathan Prouty, SVP Andrew Slaton and senior investment anaylst...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout