High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
Chicago & Midwest  + Midwest  + Apartments  | 

Dallas Buyers Snap Up Columbus Apartments and Neighboring Townhomes

Marcus & Millichap finalized the sale of The Gemma, a new-construction, mixed-use, 24-unit apartment property with retail located in Columbus, OH. Deal terms weren’t disclosed. The transaction also included the neighboring Carriage House, a new-construction two-townhome building. 

Matt Snyder and Lisa Sickinger, investment specialists in Marcus & Millichap’s Cincinnati office, marketed the property on behalf of the seller, a limited liability company. The buyer is a partnership between Maitland Property Management and ARZ Realty Capital, both from Dallas.  

Maitland Property Management has taken over as the property manager for both The Gemma and The Carriage House. The financing was arranged by Ari Raskas of ARZ Realty Capital. 

The Gemma is located at 1131 Oak St. in Columbus’ Olde Towne East neighborhood. Olde Towne East is going through major renovations due to steady growth resulting from new young families moving into the area.  

Connect

Inside The Story

Marcus & Millichap's Snyder

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
New call-to-action
New call-to-action
New call-to-action