Southern Impression Homes has delivered the first phase of LyvWell at Harmony, a 213-unit build-to-rent townhome community at 9002 S. Collins St. in Arlington. LyvWell at Harmony marks a first-time partnership among Southern Impression Homes, Alpaca Real Estate, and LyvWell Communities. The Dallas Business Journal reports Southern Impression Homes is a subsidiary of Japan’s Sumitomo Forestry, which acquired an 80% interest in the company in 2023.
LyvWell at Harmony — which has two-, three- and four-bedroom homes — should be complete in 18 months, and some units are already leasing. LyvWell at Harmony units range from $2,715 a month for a two-bedroom, two-bathroom unit to $3,230 a month for a four-bedroom, 2.5-bathroom unit. Square footage ranges from 1,355 to 1,872.
The company has one community underway in Austin and another in the works in San Antonio.
NAI Capital Commercial EVPs John S. Archibald and Guillermo Olaiz, alongside senior associate Stephen Lam of the Investment Services Group in the Pasadena office, represented the seller, Star Horizon, LLC, in the sale of ZK Plaza, a 41,586-square-foot office building in Pasadena. The property sold for $13,400,000, representing a 3.5% premium over asking. Located at...
Learn more
Berkadia announced the sale of Orchard Corners & Suites, a 139-unit, 264-bed, garden-style student housing property serving The University of Kansas in Lawrence, Kansas. Berkadia’s Student Housing and Kansas City investment sales teams collaborated to facilitate the transaction on behalf of the seller, Utah-based Redstone Residential. The Berkadia team included Senior Managing Directors Travis Prince...
Learn more
The Roxborough Group, LLC has acquired Bidwell Park, a 246-unit apartment community in Fremont, for $109.4 million. The 95% occupied property at 39800 Fremont Blvd. represents Roxborough’s second multifamily acquisition in Northern California within Roxborough Fund III, L.P., a $518-million discretionary fund focused on opportunistic and value-add investments. “The acquisition of Bidwell Park aligns with...
Learn moreRe/Max Real Estate Professionals
Central CA Commercial | California
Recckio Real Estate & Development
Northgate Real Estate Group
California
California