Curious Deal S2E41

Friday Edition

May 08, 2026

Seven deals. 1,893 units. $690.4M in total volume.

Three are in Florida, which accounts for $485.5M and 70% of the dollar volume in this edition despite representing just three of eight transactions. The largest deal is a 2024 Fort Lauderdale delivery at $534,125 per unit. The smallest is a 1967 Atlanta asset that sold at a 34.8% loss from its 2021 acquisition price.

Average PPU across the eight deals is $364,707. Median is $304,375. Vintage range spans 57 years — from a 1967 garden community in Atlanta to a 2024 Class A tower in Fort Lauderdale. Four of the eight deals involve sellers who acquired at or near the 2021 peak. None of those four exits generated a meaningful return.

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Bentley Parke | Santa Ana, CA

Units: 232 | Built 1988

Sale Price: $65,200,000 | $281,034/unit

Seller: Harris Taylor Management | Buyer: Post Investment Group

Broker: Triqor Group

The Broadway at East Atlanta | Atlanta, GA

Units: 176 | Built 1967

Sale Price: $15,740,000 | $89,432/unit

Seller: Fillmore Capital Partners | Buyer: Balfour Residential

Prior Sale: $24,125,000 (May 2021)

Broker: Berkadia

Notes: A 1967 Class C Atlanta asset acquired by Balfour Residential from Fillmore Capital Partners at $89,432 per unit. The prior sale in May 2021 at $24.13M ($137,074/unit) means Fillmore exits at a 34.8% loss over 4.0 years, a -10.1% annualized return.

Grandstone at Sunrise | Peoria, AZ

Units: 140 | Built 2021

Sale Price: $45,850,000 | $327,500/unit

Seller: Thompson Thrift | Buyer: MetLife

Broker: Institutional Property Advisors

Carriage Park | Vancouver, WA

Units: 128 | Built 1994

Sale Price: $29,400,000 | $229,688/unit

Seller: Jackson Square Properties | Buyer: Toro Street

Prior Sale: $19,680,707 (December 2016)

Notes: A 1994 Class B Portland market asset acquired by Toro Street from Jackson Square Properties at $229,688 per unit. The prior sale in December 2016 at $19.68M ($153,756/unit) reflects a 49.4% gain over 8.4 years, a 4.9% annualized return — a clean long-hold exit.