Author

Channing Hamilton

NOVEL White Fence Farm in Denver
ColoradoDevelopmentLeasing & MarketingNewsWestern

Crescent Communities Opens NOVEL White Fence Farm in Denver

by Channing Hamilton

DENVER — Crescent Communities has opened NOVEL White Fence Farm, a 202-unit community at 6273 W. Jewell Ave. in Denver’s Lakewood neighborhood. Situated on the site of the former White Fence Farm restaurant, NOVEL White Fence Farm offers amenities such as a restored barn clubhouse, a fitness center, pool, outdoor kitchen, bike storage, work-from-home spaces, pet spa, dog park and a hospitality bar featuring Land of a Thousand Hills coffee. Units come in one- and two-bedroom floor plans across several three- and four-story buildings. The project team includes KTGY, CID …

Continue Reading
0 FacebookTwitterLinkedinEmail
Studio Crossing in Park City, Utah
DevelopmentNewsUtahWestern

Crandall Capital to Break Ground on 320,000 SF Studio Crossing in Park City, Utah

by Channing Hamilton

PARK CITY, UTAH — Crandall Capital will break ground on Studio Crossing, a 320,000-square-foot mixed-use development in Park City, in late October. Studio Crossing will offer 208 affordable housing units in studio, one-, two- and three-bedroom floor plans, as well as approximately 100 townhomes and condominiums. The community will also include retail and dining space, a public transit station, electric car ports and an e-bike share. The project will be built with low-emitting construction materials and water-wise planting. The first phase of development is slated for completion in 2025. The development …

Continue Reading
0 FacebookTwitterLinkedinEmail
A property at 147-35 95th Ave. in the New York City borough of Queens
DevelopmentFinanceNew YorkNewsNortheast

SCALE Lending Provides $142 Million Construction Loan for 24-Story Building in Queens

by Channing Hamilton

NEW YORK CITY — SCALE Lending, the debt financing subsidiary of Slate Property Group, has provided a $142 million loan for the construction of a property at 147-35 95th Ave. in the New York City borough of Queens. The project sponsor, Joel Zupnick through Sutphin Boulevard Equities LLC, will use the funds to complete construction, lease-up and stabilization of the asset. The development is slated to deliver in in summer 2024. The building comprises 521 units, 363 parking spaces and 1,231 square feet of retail space across 24 stories in the …

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingFinanceMississippiNewsSoutheast

BWE Arranges $10.6 Million to Rehabilitate Affordable Community in Starkville, Mississippi

by Channing Hamilton

STARKVILLE, MISS. — BWE has originated a $10.6 million HUD 221(d)(4) loan for the rehabilitation of Brookville Gardens Apartments, a 120-unit affordable housing community in Starkville. All units at the community are reserved for tenants earning up to 60 percent of the area median income and are covered by Section 8 project-based vouchers. Jon Killough of BWE’s Alabama office and John Roberts of BWE’s Dallas office originated the HUD-insured loan. The recapitalization also includes short-term, tax-exempt bonds and new 4 percent Low Income Housing Tax Credits (LIHTC) secured through the …

Continue Reading
0 FacebookTwitterLinkedinEmail
Build-to-RentDevelopmentInvestment SalesNewsSouth CarolinaSoutheast

TruAmerica Multifamily Plans $86 Million Build-to-Rent Project Near Spartanburg, South Carolina

by Channing Hamilton

INMAN, S.C. — TruAmerica Multifamily has purchased a 33-acre site in the Spartanburg suburb of Inman to develop Hartley View, an $86 million build-to-rent community. Brad Morris of New Deco Inc. represented the seller, Converse Development, in the land sale. Hartley View will offer a total 281 units, including 214 townhome units and 67 detached single-family residences. Amenities will include a pool, dog parks, playgrounds, community parks and four acres of open wooded and recreation spaces. TruAmerica Multifamily plans to begin horizontal construction at the site in summer 2024 and …

Continue Reading
0 FacebookTwitterLinkedinEmail
Seven Lakes at Carrollwood in Tampa, Florida
FloridaInvestment SalesNewsSoutheast

Cushman & Wakefield Arranges Sale of Seven Lakes at Carrollwood in Tampa, Florida

by Channing Hamilton

TAMPA, FLA. — Cushman & Wakefield has arranged the sale of Seven Lakes at Carrollwood, a 640-unit community in Tampa. Bridge Investment Group purchased the property from a fund managed by Covenant Capital Group LLC. Mike Donaldson and Nick Meoli of Cushman & Wakefield represented the seller in the deal. Seven Lakes at Carrollwood was built in 1982 and features a mix of studio, one- and two-bedroom floor plans. Amenities include two pools, a clubhouse with a fitness center, car care center, walking paths and access to seven community lakes. According …

Continue Reading
0 FacebookTwitterLinkedinEmail
Diamond Flats in Carrollton, Texas
DevelopmentNewsTexas

The NRP Group, H.I.G. Capital Break Ground on Diamond Flats in Carrollton, Texas

by Channing Hamilton

CARROLLTON, TEXAS — The NRP Group, in partnership with H.I.G Realty Partners, has broken ground on Diamond Flats, 25 miles north of Dallas in Carrollton. Santander Bank, N.A. has provided a construction loan for the project. Diamond Flats will comprise 331 units across four stories on a six-acre site. Units will come in one-, two- and three-bedroom layouts with an average size of 950 square feet. Planned amenities include a fitness center, a pool, courtyards, a game room and secure garage parking. The NRP Group expects to deliver the asset’s first …

Continue Reading
0 FacebookTwitterLinkedinEmail
The Village at Golden Triangle in Fort Worth
Build-to-RentDevelopmentFinanceNewsTexas

Tower Capital Arranges $72.9 Million in Construction Financing for Build-to-Rent Project in Fort Worth

by Channing Hamilton

FORT WORTH, TEXAS — Tower Capital has arranged $72.9 million in construction financing for the development of Village at Golden Triangle, a 317-unit build-to-rent community in Fort Worth. Tower Capital’s Kyle McDonough and George Maravilla arranged the financing on behalf of Empire Group, the project’s Arizona-based developer. The Village at Golden Triangle is situated on 30 acres near North Riverside Drive and Golden Triangle Boulevard in Fort Worth. The community offers one-, two- and three-bedroom floor units with quartz countertops, stainless steel appliances, full-size washers and dryers, smart-home technology, private …

Continue Reading
0 FacebookTwitterLinkedinEmail
Industry VoicesInvestment SalesMidwestNortheastSoutheastTexasWestern

The 411 on 1031s: What to Know Before Making a Tax-Deferred Swap in the Multifamily Sector 

by Channing Hamilton

1031 exchanges are an effective way for investors to protect their capital. They also historically have experienced strong fundamentals in the long term. Why, then, aren’t more multifamily investors taking advantage of tax-deferred swaps? Many property owners simply lack the expertise and industry connections to source acquisition opportunities that meet their objectives. This is especially true considering the tight timeframe many 1031 exchanges operate under, as these types of deals have a built-in ticking clock. Once an investor sells an asset, he or she has 45 days to identify a …

Continue Reading
0 FacebookTwitterLinkedinEmail
Preston Place North and South in Bossier City
Investment SalesLouisianaNewsSoutheast

Reynolds Asset Management Acquires Two Properties Totaling 500 Units in Louisiana for $35 Million

by Channing Hamilton

BOSSIER CITY AND SHREVEPORT, LA. — Reynolds Asset Management has acquired two properties in Louisiana for a total of $35 million. The first property, Preston Place and Port Au Prince in Bossier City, comprises 272 units in one- and two-bedroom layouts, as well as one three-bedroom unit. Reynolds purchased the property in partnership with Devli Real Estate and iintoo. John Hamilton and Josh Jacobs of Marcus & Millichap brokered the transaction. The asset will be rebranded as Preston Place North and South. The second property, Townhomes at South Highlands, comprises …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2025 France Publications, dba France Media Inc.