MANHATTAN, KS – Four Mile Capital, a privately-held real estate investment firm based in Louisville, CO, has acquired the Scenic Woods Apartments, a 144-unit multifamily community in Manhattan, KS. Scenic Woods, completed in 2012 and sitting on 11 acres, consists of 66 one-bedroom units, 60 two-bedroom units, and 18 three-bedroom units, each unit having its own private balcony or porch. Averaging over 950sf, Scenic Woods boasts some of the largest floorplans in the market. The Prime.
AUSTIN, TX - Korman Communities, in partnership with Verde Capital, has completed the purchase of its first property in Austin, Texas. The brand new, 226-unit, Class AA property, AVE Austin, offers a unique flexible-stay living solution in North Austin, conveniently situated between Downtown Austin and The Domain.
“This acquisition represents the first of what we anticipate will be many new ventures in this region,” says Bradley Korman, co-CEO of the Philadelphia-area-based Korman.
GREENSBORO, NC - Bell Partners, one of the nation s leading apartment investment and management companies, has acquired CityLine Park, a newly developed 435-unit apartment community located in the Dallas suburb of Richardson, Texas. The property, acquired on behalf of the firm s Fund VII investors, will be renamed Bell CityLine and marks the 23rd community owned or managed by Bell Partners in Texas.
Located in the CityLine mixed-use development, Bell CityLine is located near major Dallas-area.