Author

Channing Hamilton

Slate at Fishers District
Build-to-RentIndianaMidwestNews

Thompson Thrift Sells BTR Asset Near Indianapolis

by Channing Hamilton

INDIANAPOLIS — Thompson Thrift has sold Slate at Fishers District, a 242-unit build-to-rent (BTR) community in Fishers, about 21 miles northeast of Indianapolis. Bonaventure Holding Co. purchased the asset for an undisclosed amount. Slate at Fishers District was built on about 25 acres in 2024. The community offers one-, two- and three-bedroom villas, as well as three- and four-bedroom townhomes. The property was more than 90 percent occupied at the time of the sale. Amenities include a clubhouse, pool with cabanas, fitness center, bark park and pet spa. George Tikijian, …

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The Elle Apartment Homes
DevelopmentNewsTexas

Koontz Corp. Acquires 9.7-Acre Site for Development in San Antonio

by Channing Hamilton

SAN ANTONIO — Koontz Corp. has bought a 9.7-acre site in San Antonio from The Concordia Group for an undisclosed price. Koontz will develop The Elle Apartment Homes, a 305-unit community, on the land. Lee Jordan of Cavender & Hill Properties represented The Concordia Group in the sale of the land. Koontz represented itself in the deal. The Elle Apartment Homes will be a complex of four-story buildings comprising 264,015 net rentable square feet. The community will offer a mix of one- and two- bedroom apartments. Residents will have access …

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Park Vista Apartment Homes
Affordable HousingCaliforniaInvestment SalesNewsWestern

BLDG Partners Secures $82 Million in Acquisition Financing for Property in Anaheim, California

by Channing Hamilton

ANAHEIM, CALIF. — BLDG Partners has secured a $82 million loan for the acquisition of Park Vista Apartment Homes, a 392-unit affordable housing community in Anaheim. Martin Fayer of NewPoint Real Estate Capital arranged the fixed-rate Fannie Mae loan, which has a seven-year term with five years interest only.  The garden-style community was originally constructed in 1959, then renovated in 2001. The property consists of 93 two-story buildings spread across approximately 20 acres. Park Vista Apartment Homes is affordable to households earning at or below 60 percent of the area …

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Rylan at Gateway
DevelopmentLeasing & MarketingNewsTexas

Joint Venture Begins Leasing 336-Unit Community Near Dallas

by Channing Hamilton

FORNEY, TEXAS — A joint venture between Legacy Partners and The Resmark Cos. has begun leasing for Rylan at Gateway, a 336-unit community in Forney, about 22 miles east of Dallas. Rylan at Gateway is located at 1205 Gateway Blvd. within Gateway, a 2,000-acre master-planned development. The community consists of five three-story buildings. Apartments come in a mix of studio, one- and two-bedroom layouts and range from 540 to 1,374 square feet. Units feature smart home technology, Wi-Fi connectivity, stainless steel appliances, wood-style flooring and full-size washers and dryers. Select …

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Matt Keane and Matt Zetzl
IndianaMidwestNewsPeople News

The Annex Group Adds Two Professionals to Public-Private Partnership Team

by Channing Hamilton

INDIANAPOLIS — The Annex Group has hired Matt Keane as vice president of public-private partnerships (P3) and promoted Matt Zetzl to the role of P3 development manager. Keane will provide business development and partnership solutions while leading the Indianapolis-based firm’s P3 team. Zetzl will be responsible for P3 procurement and advancing Annex’s P3 community impact plans.

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Eight Winds
FloridaInvestment SalesNewsSoutheast

Altis Cardinal Sells 280-Unit Community in St. Augustine, Florida

by Channing Hamilton

ST. AUGUSTINE, FLA. — Altis Cardinal has sold Eight Winds, a 280-unit community located at 50 Wexford Way in St. Augustine, roughly 40 miles south of Jacksonville, Florida. Debartolo Development LLC purchased the asset for an undisclosed price. Cliff Taylor and Joe Ayers of JLL Capital Markets represented Altis Cardinal in the transaction. Eight Winds consists of 297,428 square feet of rentable space. The community offers a mix of one-, two- and three-bedroom units. Residents have access to amenities such as a pool, fitness center, pickleball courts and multiple indoor …

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Azola Desert Ridge
ArizonaDevelopmentFinanceNewsWestern

ZOM Living Secures $88 Million in Financing for Project in Phoenix

by Channing Hamilton

PHOENIX — ZOM Living has secured financing for the development of Azola Desert Ridge, a 416-unit community in Phoenix. The funding includes $88 million in construction financing, as well as a joint venture equity investment from Origin Investments. Azola Desert Ridge will offer 416 units across multiple four-story buildings. The garden-style community will feature one-, two- and three-bedroom apartments ranging from 730 to 1,533 square feet. Amenities include a pool and deck, fitness center, dog park, pet grooming salon, glam room, podcast room, individual offices for residents and a self-service market …

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6208 Eighth Ave.
DevelopmentFinanceNew YorkNewsNortheast

S3 Capital Provides $210 Million Construction Loan for Mixed-Use Development in Brooklyn

by Channing Hamilton

NEW YORK CITY — S3 Capital has provided a $210 million construction loan for a 28-story mixed-use project located at 6208 Eighth Ave. in the Sunset Park neighborhood of Brooklyn. Chicago-based Watermark Capital is the project’s sponsor. The company obtained the financing alongside its joint venture partner, Rubin Equities. Once completed, the development will consist of 497 apartment units and 100,000 square feet of retail space. Residents will have access to shared amenities such as a fitness center, rooftop terrace, bike storage, a yoga room, sauna, screening room and coworking spaces. The project is …

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Heritage on Hover in Boulder, Colorado
FeaturesFrom the MagazinesOperationsTechnology

Managed Wi-Fi Poised to Surge Due to Combination of Factors

by Channing Hamilton

Property owners are learning how to provide fast internet at their communities for good reason. According to a 2024 renter preferences survey by the National Multifamily Housing Council (NMHC) and Grace Hill, high-speed internet is one of the top requirements for renters today. Ninety percent of respondents said they would not rent without it. Lisa Clark, senior director, MDU sales, with Lumos goes a step further, calling internet the “fourth utility,” behind water, electricity and gas. Consistently strong internet doesn’t just power remote work and streaming services, it’s the fuel …

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Affordable HousingDevelopmentMississippiNewsSoutheast

Gulf Coast Housing, Midtown Partners Open Affordable Housing Community in Jackson, Mississippi

by Channing Hamilton

JACKSON, MISS. — Gulf Coast Housing Partnership (GCHP) and local nonprofit organization Midtown Partners Inc. have opened Noel Place, a 27-unit affordable housing asset located at 144 Noel St. in Jackson. About 60 percent of Noel Place’s apartments will be reserved for special needs residents, including people with disabilities and senior citizens. Federal Home Loan Bank of Dallas and BankPlus awarded GCHP with a $499,000 grant to help fund the construction of Noel Place. Other project partners include Mississippi Home Corp. and Mississippi Regional Housing Authority No. VI.

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