Blue Ridge sold the Reserve at Jacksonville Commons apartment complex in Jacksonville for $54 million. The buyer was Southwood Realty.

The Reserve at Jacksonville Commons, which has 384 units, was built in the early 2000s and features one-, two- and three-bedroom apartments. Monthly rents range from $1,215 to $1,595, with sizes from 840 to 1,340 square feet.

Amenities include a pool with a grilling station, an outdoor fire pit, a gourmet coffee bar and fitness centers with free weights and cardio machines. Outdoor amenities include a playground, lighted tennis courts, and two leash-free dog parks for your furry friends.

Blue Ridge has developed more than $2 billion of projects, including 11,500 apartment units. 

Southwood owns more than 100 properties across Virginia, Tennessee, Georgia, North Carolina and South Carolina. Southwood’s North Carolina properties are in Asheville, Burlington and Concord, among other places.

Sila Realty Trust, Inc. and Blue Owl Capital Inc. said Monday that certain affiliates of Blue Owl Real Estate Capital LLC will acquire all outstanding shares of Sila’s common stock for $30.38 per share in an all-cash transaction valued at approximately $2.4 billion. Based in Tampa, Sila owns 137 net-leased healthcare properties and three undeveloped land parcels, located in 65 markets nationwide.

“I am extremely proud of the company that we have built at Sila Realty Trust,” said Michael A. Seton, president and CEO of Tampa-based Sila. “Our success in curating a portfolio of high-quality net lease healthcare properties is a testament to the vision, skill, dedication, and culture to which all my colleagues have contributed.”

At New York City-based Blue Owl, Marc Zahr, co-president and global head of real assets, said, “This transaction provides us with a compelling opportunity to acquire a scaled portfolio with durable cash flows and attractive long‑term growth characteristics, while further expanding Blue Owl managed funds’ exposure to an asset class and sector we view as both resilient and essential given its critical role in both society and the economy.”

The transaction, which was unanimously approved by Sila’s board, is expected to close in the second or third quarter of 2026. Upon completion, Sila will no longer trade on the New York Stock Exchange.

BofA Securities is serving as Sila’s exclusive financial advisor. Hogan Lovells US LLP is serving as the Company’s legal counsel.

Citigroup Global Markets Inc. is acting as lead financial advisor to Blue Owl with Truist Securities, Inc. also acting as financial advisor and Newmark Group, Inc. serving as real estate advisor. Kirkland & Ellis LLP is serving as legal advisor to Blue Owl. Dechert LLP is serving as legal advisor to Citigroup Global Markets Inc. and Truist Securities, Inc.

Blue Heron Asset Management sold The Linden Apartments to Continental Realty (CRC) for $49.5 million. Blue Heron paid $28.5 million for the property in 2018. The apartment complex at 605 Jetton St. is just off Exit 30 of Interstate 77, near Lake Norman. The Linden is about a mile from Davidson College and downtown Davidson.

The Charlotte Business Journal reported that Blue Heron bought Langtree at Lake Norman apartments for $76 million in October 2024. The deal included 300 apartments and 48,000 square feet of ground-floor retail space.

CRC paid $96.3 million in February 2023 for Sycamore at Tyvola, which includes 288 apartments at 707 Sycamore Drive in Charlotte. In October of that year, CRC bought 1010 Dilworth Apartments for $51.9 million. That 184-unit complex at 1010 Kenilworth Ave. was acquired from PGIM Real Estate.

Blue Vista Capital Management, a Chicago-based real estate investment management firm, in partnership with Clarion Partners, announced the acquisition of a four-property student housing portfolio from Columbus Pacific Group.

The portfolio consists of four well-located, Class-A student housing communities totaling 855 units, serving students at Pennsylvania State University, College of Charleston, and Texas A&M University. Blue Vista affiliate PeakMade Real Estate will manage the properties.

“This portfolio reflects Blue Vista’s student housing strategy of pursuing high-quality, in-demand accommodations at top-tier universities with growing student populations,” said Jason Schwartz, Managing Principal and Co-Head of Blue Vista’s Equity Group. “We are pleased to partner with Clarion, a proven leader in U.S. residential real estate, to deliver modern, purpose-built residences well-suited for student living.”

The portfolio transaction was brokered by TSB Realty, with debt placement services provided by TSB Capital Advisors.

Real estate private equity firm Blue Arch, Lincoln Property Company and LoanCore Capital have formed a partnership for the ownership and operation of Park Sixty, a Class-A medical office building located at 110 E. 60th St. on Manhattan’s Upper East Side. Financial terms were not disclosed.

The block-through property contains 179,000 square feet of medical office space and 7,000 square feet of retail space. It recently underwent a $20-million renovation.

“We are thrilled to partner with two industry-leading operators in Blue Arch and Lincoln to reintroduce Park Sixty as a one-stop shop for a variety of healthcare providers,” said Richard Small, managing director at LoanCore. “As home to the largest public and private healthcare systems in the U.S., New York City’s world-class medical centers and reputation for innovative research and development are unparalleled. We are confident Park Sixty’s prime location and high-quality space will support those efforts.”

Eastdil Secured acted as exclusive advisor to LoanCore.