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Channing Hamilton

Lindsey Manor Apartments in Kernersville, North Carolina
Investment SalesNewsNorth CarolinaSoutheast

Gindi Equities Sells Community in Kernersville, North Carolina, for $34 Million

by Channing Hamilton

KERNERSVILLE, N.C. — Gindi Equities has sold Lindsey Manor Apartments in Kernersville, 10 miles east of Winston-Salem, North Carolina, to an undisclosed buyer for $34 million. Located at 472 Lindsey St. near downtown Kernersville, Lindsey Manor Apartments consists of 222 units in one- two- and three-bedroom configurations.  Gindi Equities originally acquired the asset in October 2021 for $24.5 million. The company completed a series of renovations at the property, including updates to apartment interiors, complete reroofing, new dog park and grilling area and upgrades to the pool and playground. This transaction …

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Fenton in Cary, North Carolina
DevelopmentFinanceNewsNorth CarolinaSoutheast

Partnership Receives $191 Million Loan for Mixed-Use Development in Cary, North Carolina

by Channing Hamilton

CARY, N.C. — A partnership consisting of Hines, Affinius Capital and Columbia Development has secured a $191 million senior mortgage for Fenton, a mixed-use development located in Cary, roughly 10 miles west of Raleigh, North Carolina. Chip Sykes and Kelsey Bawcombe of JLL arranged the loan through New York Life Real Estate Investors.  Fenton was built between 2022 and 2023. The project features an apartment community — The Allison at Fenton — comprising 367 multifamily units, as well as approximately 246,000 square feet of retail space and 183,000 square feet of office space.

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DevelopmentFloridaNewsPeople NewsSoutheast

Hillpointe Appoints Jamie Telchin as Vice President of Development

by Channing Hamilton

WINTER PARK, FLA. — Winter Park-based development and investment management firm Hillpointe has appointed Jamie Telchin to the position of vice president of development. In this role, Telchin will lead the development team for Hillpointe’s Pointe Grande for-rent and for-sale communities. Prior to joining Hillpointe, Telchin was senior managing director at Waypoint Residential, a developer and investment manager headquartered in Boca Raton, Florida. Additionally, he served as an executive vice president of development at LXR, an affiliate of The Blackstone Group. He received an MBA from the University of Colorado at …

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Avilla Gateway in Phoenix
Build-to-RentCaliforniaFinanceNewsWestern

NexMetro Refinances Four Denver and Phoenix Properties for $300 Million

by Channing Hamilton

PHOENIX AND DENVER — NexMetro Communities has recapitalized four build-to-rent (BTR) properties in Phoenix and Denver. Valued at about $300 million, the properties, comprising 849 units, are Avilla Gateway, Avilla Magnolia and Avilla Canyon, which are in Phoenix. The fourth property, Avilla Eastlake, is in Thornton, Colorado, 25 miles north of Denver. NexMetro has developed 60 projects nationwide since its founding in 2012. According to the company’s website, NexMetro’s current portfolio is made up of 43 properties. The financing structure includes $160 million in senior debt invested and managed by Blackstone. The …

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Blankenbaker Crossings in Louisville, Kentucky
Investment SalesKentuckyNewsSoutheast

Morgan Properties Purchases Blankenbaker Crossings in Louisville, Kentucky, for $39 Million

by Channing Hamilton

LOUISVILLE, KY. — Conshohocken, Pennsylvania-based Morgan Properties has purchased Blankenbaker Crossings, a 236-unit property in Louisville, for $39 million. Built between 2005 and 2006, the garden-style community was 96 percent occupied at the time of sale. The new ownership plans to invest $2.1 million to add new amenities to the community, including a pickleball court, dog parks and Amazon package hubs. Additionally, units will be updated with kitchen and bath renovations, new washers and dryers and smart technology features. Craig Collins and Mike Kemether of Cushman and Wakefield brokered the …

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Equinox Apartments in St. Anthony, Minnesota
Investment SalesMidwestMinnesotaNews

ARTISAN Capital Group, Eastham Capital Acquire 266-Unit Equinox Apartments in Suburban Minneapolis

by Channing Hamilton

ST. ANTHONY, MINN. ­— A partnership between ARTISAN Capital Group and Eastham Capital has purchased Equinox Apartments, a 266-unit property in St. Anthony, about 5 miles north of Minneapolis. Fannie Mae provided an undisclosed amount of financing for the acquisition. Built in 1974 on 17.5 acres, Equinox Apartments features a mix of 151 one-bedroom and 115 two-bedroom apartments. Each unit includes a walk-in closet and patio or deck. Amenities include a clubhouse with entertainment space, indoor and outdoor pools, a fitness center, grilling area, dog park, playground and detached parking …

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River Lofts at Tobacco Row in Richmond, Virginia
Investment SalesNewsSoutheastVirginia

West Shore Acquires 742-Unit River Lofts at Tobacco Row Portfolio in Richmond, Virginia

by Channing Hamilton

RICHMOND, VA. — Boston-based West Shore has acquired The River Lofts at Tobacco Row, a portfolio of five communities in Richmond’s Shockoe Bottom neighborhood. Drew White, Carter Wood and Cole Carns of Berkadia brokered the deal. Additionally, Robert Falese, Jake Adoni and Kris Kadar of Berkadia arranged an undisclosed amount of acquisition on behalf of West Shore. The direct lender was also not disclosed. The properties included in the sale are Cameron Kinney (259 units), American Cigar Lofts (174 units), Consolidated Carolina Lofts (166 units), Lucky Strike Lofts (131 units) …

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EastVillage in Austin, Texas
DevelopmentFinanceNewsTexas

Cottonwood Group Provides $284 Million for Mixed-Use Development in Austin

by Channing Hamilton

AUSTIN, TEXAS — Cottonwood Group has provided $284 million in financing for EastVillage, a 425-acre mixed-use development underway in Austin. The senior bridge loan supports the recapitalization of a 312-unit complex known as The Vaughan; a mixed-use multifamily and retail complex known as The Janis, which is currently under construction; 19 entitled land parcels; and the remaining unsold luxury units at The Linden Residences. Buffalo-based Reger Holdings is the master developer of EastVillage. Once completed, the project will feature roughly 2,000 apartments, as well as 810,000 square feet of office space; …

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Vive Luxe in San Diego, California
CaliforniaFinanceNewsWestern

Sunroad Enterprises Receives $188 Million for Vive Luxe in San Diego, California

by Channing Hamilton

SAN DIEGO, CALIF. — Sunroad Enterprises has secured $188 million loan for Vive Luxe, a 442-unit property in San Diego. Aldon Cole, Tim Wright and Bharat Madan of JLL Capital Markets represented the borrower in arranging the five-year, fixed-rate loan from accounts managed by global investment firm KKR. Built in 2021 at 4890 Sunroad Centrum Lane, Vive Luxe rises five stories. The community offers one-, two- and three-bedroom apartments ranging from 726 to 1,122 square feet. Of the total unit count, 23 have been set aside as affordable housing. Income …

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Landmark at Gleneagles in Dallas
Investment SalesNewsSoutheastTennesseeTexas

S2 Capital Acquires Five-Property Portfolio Totaling 1,768 Units

by Channing Hamilton

DALLAS, ANTIOCH, TENN. AND KNOXVILLE, TENN. — S2 Capital has acquired a portfolio of five distressed properties facing foreclosure in Dallas, Antioch and Knoxville. S2 invested $60 million of rescue capital in a new joint venture with the existing Limited Partner through a structured preferred equity investment. ACORE Capital provided a $170 million senior loan for the acquisition. The loan features a five-year term. The five properties included in the portfolio were:

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