COLORADO SPRINGS, CO – Walker & Dunlop, Inc. announced that it completed the $50,000,000 sale for Ironwood at Palmer Park, a 192-unit multifamily property with tremendous value-add potential in Palmer Park, a suburban neighborhood in Colorado Springs, Colorado.
Managing Directors Jake Young, Dan Woodward, David Potarf, and Matt Barnett led the Walker & Dunlop sales team, serving as exclusive advisors to Priderock Capital Partners, the seller. The team handled the off-market sales process, ultimately facilitating the disposition to Tara Investment Group/Shefflin Investments, a private investment, development, and brokerage firm based in California.
Mr. Young commented, “The competitive sale for this prime asset is a testament to the strength of the multifamily market in Colorado Springs. Capital flow to the area has never been stronger, driving pricing comparable to the Denvermarket and an abundant appetite for value-add properties. This sale was also part of a larger $115,000,000 portfolio exchange that we handled, which included approximately 514 units across four different properties.”
Joel Shefflin added, “What was unusual about this transaction is that Shefflin Investments sold its long-held Colorado Springs Portfolio comprising Aspen Townhomes, the Montecito, and Broadmoor Springs Apartments – totaling 322 units – to Priderock Capital Partners. Then, in turn, we bought the 192-unit Ironwood at Palmer Park from Priderock in a simultaneous exchange.” He continued, “This transaction is helping catalyze our growth into new markets, exemplified by our recent acquisition of The Ledges in Tucson, Arizona, and another plotted acquisition in the Phoenix market.”
Located minutes from Palmer Park, a 737-acre wildlife preserve and mesa overlooking the Colorado Springs, Ironwood at Palmer Park offers residents immediate access to hiking, biking, horseback riding, and other outdoor sports amenities. The property is also located within walking distance to retail shops, grocery stores, restaurants, and entertainment options, all located along the well loved North Academy Boulevard. The property offers spacious two-bedroom apartment homes with private balconies and patios, fireplaces, and in-unit washers and dryers. Community amenities include a pool, leasing office, playground, volleyball court, fitness facility, grilling and picnic areas, and a business center.

Powered by WPeMatico

NAPLES, FL – Senior Resource Group, which develops, owns and operates luxury senior-living communities across seven states, in conjunction with its affiliated companies, announced it has bought The Carlisle Naples, a luxury senior-living campus community in Naples, Florida. Managed by SRG since 2005, the 350-unit, highly- amenitized Carlisle Naples provides both independent and helped-living services. As part of the transaction, SRG partnered with Harbert Seniors Housing Fund II, L.P. to buy the unique and distinguished community and re-envision the future it holds.
“For more than 15 years, The Carlisle Naples has been one of the premier communities within our management portfolio, and we were excited at the opportunity to buy the property,” said Michael Grust, Senior Resource Group CEO and President. “This acquisition reinforces our ongoing commitment to delivering on a promise of operational excellence and enhanced resident experiences in an atmosphere that promotes wellbeing.”
Located in Naples, Florida, The Carlisle offers one- and two-bedroom residences in an environment that reflects SRG’s commitment to hospitality and exceptional care. The well-appointed development features an onsite restaurant, bar and lounge areas, a fitness center, theater, game room, library and business center, outdoor pool and spa, on-site salon and barber shop. Residents have the opportunity to engage with innovative health and wellbeing programs, along with onsite access to rehabilitative and preemptive wellness services as well as coordinated care options.
Residents at The Carlisle Naples further benefit from SRG’s dedication to exceptionally high standards of excellence as demonstrated by its commitment to accreditation. All eligible SRG communities including The Carlisle Naples have earned the highest level of accreditation from the Commission on Accreditation of Rehabilitation Facilities’ (CARF), an international, non-profit organization that accredits health and human service providers as part of its voluntary and rigorous process.

Powered by WPeMatico

KENOSHA, WI – JVM Realty Corp., a leading vertically integrated multifamily real estate investment and property management firm, announced it has bought The Reserve at Kenosha, a 480-unit luxury apartment community in Kenosha, Wisconsin, located in southeastern Wisconsin between Milwaukee and Chicago. The property includes 23 residential buildings and sits on 68.1 acres of land.
“The Reserve at Kenosha represents an incredible investment opportunity and is a solid addition to our multifamily portfolio,” said Jay Madary, president and chief executive officer of JVM Realty Corp. “Kenosha boasts one of the strongest and fastest-growing economies in the Midwest, and The Reserve offers residents simple access to a host of quality employers and entertainment options, while still providing a place to call home. I’m extremely proud of our team and look forward to bringing a JVM-quality community to Wisconsin.”
Located at 12742 71st Street and only a half-mile west of Interstate 94, The Reserve at Kenosha features a mix of spacious studio, one-, two-, and three-bedroom floorplans, each offering luxury high-end finishes such as spacious open kitchens with stainless steel appliances, islands, and quartz countertops; bathrooms with dual vanities; luxury vinyl plank flooring; spacious walk-in closets and full-size washers and dryers. Some units also offer a fenced yard and/or detached garages. Residents can also delight in resort-style amenities including two 24-hour fitness centers; two pools with sundecks; full-service kitchen and coffee bars; two onsite car care centers; three dog parks and a pet spa, among many others.
Just 35 miles south of downtown Milwaukee and only 43 miles north of Chicago’s O’Hare Airport, The Reserve offers residents simple access to the booming I-94 corridor of southeastern Wisconsin and northern Illinois. Kenosha and the nearby Pleasant Prairie have experienced booming industrial growth in recent years, with employers such as Amazon, Uline, Snap-On and Jockey all having headquarters or other operations in the area. A number of dining, shopping and entertainment options are also a small drive away, as are numerous healthcare providers.
Formerly known as The Springs at Kenosha, the final phase of the property was completed in 2020. This will be JVM’s first community in SE Wisconsin and will be managed by the company’s central region team.

Powered by WPeMatico