MIAMI, FL – Miami-based real estate investment firm Circle Capital Partners, which specializes in multi-family acquisitions and development, land entitlement, and private and institutional capital raising, has completed the $22.22 million buy of Heron Landing, a 144-unit apartment complex in the quick-growing Sunrise, Florida area.
Circle Capital arranged financing through Graystone Service Co. and will retain Weller Management to manage the 159,722-square-foot, 9.2-acre property built in 1989 and last sold in 1996 for $7.2 million.
Circle Capital plans significant upgrades to the complex, including full interior renovations to 66 original apartments, and additional updates to 78 units that already have undergone improvements.
All 144 Heron Landing rental units are large two-bedroom, two-bathroom apartments that average 1,053 square feet.
Circle Capital also will build a new free-standing state-of-the-art fitness center; make a resident lounge from a renovated adjoining building; refurbish the leasing center; install new signage and landscaping; and improve overall “curb appeal,” according to Circle Capital co-founder Todd Linden.
“Heron Landing is an brilliant example of our value-add strategy to serve investors and enhance resident living experiences in all the communities where we do business,” Linden said. “This fully refreshed and modernized property will be a very attractive option in an already in-demand, quick-growing market.”
Government lending agency Freddie Mac lists Broward County as the fifth-ranked rental market in the nation. Sunrise is one of the fastest growing communities Broward due to a strong economy, numerous quality-of-life attractions and top-rated public schools. Heron Landing is the only apartment complex among its competition to be zoned for the community’s A+ rated elementary school directly across the street.
The property adds to the extensive portfolio of multi-family properties Circle Capital has bought since its formation in 2019. Circle Capital bought The Vue, a 178-apartment complex in Davie for $36.5 million in 2021, as well as more than $200 million worth of other real estate investments in Florida, Kentucky, Texas and South Dakota.
Linden and Circle Capital co-founder Richard Valdes have completed nearly $4 billion in property transactions across the United States throughout their real estate, investment, institutional capital and equity placement careers.
“This latest acquisition checks all the boxes for our strategy to benefit investors, tenants and the local rental market,” Valdes said. “It’s especially exciting that Heron Landing is in our South Florida home, and we look forward to closing many more deals here and other dynamic markets across the country.”

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DALLAS, TX – Brazos Residential, a Dallas-based real estate private equity firm specializing in multifamily investments, announces the acquisition of a two-property portfolio in Benbrook, TX, marking the firm’s twelfth transaction in 2022.
The 334-unit portfolio consists of two 1980’s-built communities, Clear Fork Trail and Trinity Oaks are situated southwest of downtown Fort Worth, in one of the most affluent communities in the DFW metroplex. The properties are directly adjacent to Forth Worth Country Day, one of Fort Worth’s most prestigious private schools, and are surrounded by top retailers, such as Whole Foods and Neiman Marcus.
“Brazos, along with its partners, was able to circumvent the standard bidding process, and its associated cost premium, by acquiring the ‘Benbrook Two-Pack’ completely off-market”, clarifies Managing Partner and Cofounder, William Hancock. “Our team knows the metroplex extremely well. My business partner, James Roberts, and I have transacted on over 80,000 units across DFW in our previous roles as multifamily and debt brokers. Clear Fork Trail and Trinity Oaks present an incredible opportunity for our partners in one of the best real estate markets in the country.”

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BOISE, ID – San Francisco-based real estate investment firm Hamilton Zanze announced the sale of Monterra Townhomes in Boise, Idaho. The firm originally bought the 148-unit, garden-style apartment community in 2014, and the sale closed on September 29, 2022. The sale of Monterra Townhomes represents Hamilton Zanze’s eighth disposition of 2022.
During their ownership, the firm completed numerous exterior improvements, which included renovations to the fitness center, roof replacements, and pool enhancements. Additionally, units were updated with new flooring, paint, appliances, faucets, countertops, hardware, and cabinets.
“It has been fantastic to see the Boise market flourish since acquiring Monterra in 2014,” said Anthony Ly, senior director of dispositions at Hamilton Zanze. “Since then, the efforts of Hamilton Zanze’s construction and asset management teams combined with the robust multifamily fundamentals the property thrived. We are thrilled on the execution of this sale in a time that is seeing reduced transaction volume and being able to deliver a tremendous IRR and equity multiple to our investors.”
Monterra Townhomes was built in 1994 and is located at 3960 Federal Way in Boise. The property is comprised of 148 units averaging 1,313 square feet. The community has a clubhouse, pool, hot tub, fitness center, and playground.
Monterra Townhomes is located in Southeast Boise on South Federal Way, a major arterial road that connects to Downtown Boise. The property is less than two miles east of I-84, which connects Boise with Salt Lake City, UT and Portland, OR. The property is approximately three miles from the Boise Airport and five miles from Downtown Boise.

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