OVERLAND PARK, KS – Sherman Residential announced its acquisition of The Sovereign at Overland Park, a 2013 constructed Class A garden multifamily community located in the southern Kansas City metroplex.
The Sovereign is in Johnson County s Blue Valley School District, one of the top-rated districts in the country. With access to major highways and top employers, including Sprint, Cerner, and several medical institutions, residents benefit from a prime location.
Spread over 42 acres, the 24-building property encompasses 250 units and features premium amenities consisting of:

Spacious homes designed for privacy with individual entrances, patios/balconies, and attached garages
State-of-the-art fitness center
Resort-style pool
Business center
Custom-designed resident lounge
Incredible landscaping and outdoor amenities, including a car-detail and pet-washing station

On February 13, 2020, Sherman Residential bought and assumed the management of the property.
Scott Gould, Sherman s Senior Vice President, states, “Sovereign at Overland Park represents our second acquisition in the Kansas City market since we entered it in 2019. We are excited to expand our presence in the market with this acquisition and are looking forward to acquiring additional Kansas City properties in the coming years.”
With a dedicated team, they look forward to making a right sense of community for its current and future residents.
Sherman properties benefit from a national support team with decades of experience. The company has been family-owned for three generations, since 1922, and is headquartered in north suburban Chicago. It manages a successful portfolio of multifamily properties across the country.

Powered by WPeMatico

PHOENIX, AZ – Triumph Properties Group has bought Deer Creek Village, a 308-unit apartment community located in Phoenix, Arizona. The $49,500,000 acquisition ($160,714 per unit) is Triumph’s first residential acquisition in the Phoenix market. Deer Creek was developed by Evans Withycombe Residential Inc. in 1985 and owned by the Withycombe family for 20 years. The property was well designed and well maintained, but now requires a full interior and exterior renovation.
“Within five minutes of walking in the apartment community, I recognized the rare opportunity this was in the current market environment. I never expected to be competing with 30 other offers. Fortunately, we have the financial and human capital resources to act quickly and closed the transaction in 18 days with no financing. After closing, we will secure bridge financing and look for outside like-minded capital partners and start the implementation of our full renovation,” said Steven Feder, President of Triumph Properties Group.
Triumph is continuing to expand its acquisition platform with $100 to $150 million in acquisitions targeted over the next 12 months. Based in Beverly Hills, California, Triumph combines the flexibility and responsiveness of an efficiently managed firm with a strong balance sheet, generated by a half-century of superior risk-adjusted returns. As a long-term owner and investor, Triumph Properties Group is dedicated to identifying unrealized opportunities and maximizing value in its growing portfolio.

Powered by WPeMatico

PORTLAND, OR – Freshwater Investments announced the acquisition of Maybeck at the Bend Apartments – a 120-unit garden-style property located in Tigard, OR, 20 minutes from Portland downtown. Built in 1998, Maybeck comprised of one-, two- and three-bedroom apartments with an average unit size of 842 square feet.
Maybeck at the Bend is the first acquisition in Portland metro area for Freshwater Investments and a significant addition to the firm’s multifamily portfolio in Seattle and Colorado Springs markets.
Alex Rozenfeld, Freshwater Investments Founder and Managing Partner commented: We ve been looking at the Portland market for a while, as we see huge potential in this region. It s very competitive out there, which makes it even more thrilling to start our journey in Portland with a solid asset such as Maybeck. We welcome this opportunity to build value for our investors portfolios, while making Maybeck a better place to live for our residents.
The seller was represented by Ira Virden and Carrie Kahn of JLL.
We are thrilled with the sale of Maybeck at the Bend. This was a very smooth transaction. It was fantastic to work with Freshwater and JLL again, said Anthony Ly, Transactions Director at Hamilton Zanze, the seller in the transaction.
Founded in 2015, Freshwater Investments is a is a California based private equity real estate investment firm offering individual investors and family offices opportunities to grow their capital through ownership of multifamily properties.

Powered by WPeMatico