Author

Channing Hamilton

The Cypress Parc swimming pool surrounded by a fence and buildings.
BerkadiaInvestment SalesNewsTexas

Berkadia Negotiates Sale of 200-Unit Cypress Parc Apartments in North Houston

by Channing Hamilton

HOUSTON — Berkadia has negotiated the sale of Cypress Parc, a 200-unit apartment complex in North Houston. The property offers two- and three-bedroom units that range in size from 926 to 1,420 square feet. Residences features walk-in closets, washer and dryer connections and private balconies/patios. Amenities include a pool, fitness center, business center, clubhouse, volleyball court and outdoor grilling and dining areas. Chris Young, Joey Rippel, Kyle Whitney, Jeffrey Skipworth, Chris Curry and Todd Marix of Berkadia represented the seller, Utah-based investment firm Lionel Partners, in the transaction. Cutt Ableson …

Continue Reading
0 FacebookTwitterLinkedinEmail
Riverlands Apartments, a two-story brick multifamily community.
Investment SalesNewsSoutheastVirginia

Blackfin Purchases Riverlands Apartments in Newport News, Virginia for $44.2M

by Channing Hamilton

NEWPORT NEWS, VA. — Blackfin Real Estate Investors LLC has purchased Riverlands Apartments, a 404-unit multifamily community located in the Hampton Roads town of Newport News, for $44.2 million. Hank Hankins, Charles Wentworth, Victoria Pickett and Garrison Gore of Colliers represented the seller, an undisclosed developer that has owned the property since it was delivered in 1989. Riverlands features one-, two- and three-bedroom apartments, as well as a pool and fitness center. The property is adjacent to Westover Station, a 108-unit property that Blackfin acquired in November 2020. Overall Blackfin …

Continue Reading
0 FacebookTwitterLinkedinEmail
7 Dekalb, a gray multifamily high-rise building, among other high rise buildings.
Investment SalesNew YorkNewsNortheast

Avanath Capital Management Buys Brooklyn Apartment Building for $101.2M

by Channing Hamilton

NEW YORK CITY — California-based investment firm Avanath Capital Management has purchased 7 Dekalb, a 251-unit apartment building in Brooklyn, for $101.2 million. The 18-story building, which features mix of market-rate and affordable housing units, is located within the City Point mixed-use development. Amenities include a fitness center, rooftop deck, children’s play area, tenant lounge and a cinema room. Newmark represented the seller, The Brodsky Organization, in the transaction. Avanath plans to introduce new social services programs for residents, including afterschool care, professional development workshops and health classes.

Continue Reading
0 FacebookTwitterLinkedinEmail
851 W Grand, a gray and green 6-story multifamily building.
IllinoisInvestment SalesMidwestNews

Interra Realty Negotiates $11M Sale of Transit-Oriented Multifamily Property in Chicago

by Channing Hamilton

CHICAGO — Interra Realty has negotiated the sale of a 36-unit, transit-oriented multifamily property in Chicago’s Fulton River district for $11 million. Located at 851 W. Grand Ave., the building features seven studios, 20 one-bedroom units and nine two-bedroom units. Amenities include a bike room, dry-cleaning pickup, tenant storage, a package room and onsite parking. Constructed in 2017, the property was 95 percent leased at the time of sale. The building is situated one block from the Chicago Transit Authority (CTA) Grand Blue Line station and is also in proximity …

Continue Reading
0 FacebookTwitterLinkedinEmail
NewsPeople NewsTexas

Kelli Carhart Appointed Leader of CBRE’s National Multifamily Platform 

by Channing Hamilton

DALLAS — CBRE has appointed Kelli Carhart to the position of executive managing director and leader of multifamily capital markets for the United States. Carhart will lead CBRE’s multifamily services, which include investment sales and financing. She will oversee expansion of CBRE’s multifamily business nationally across five regions, with leaders appointed for each area: Eli Hanacek in the Northwest, Asher Gunter in the Southwest, Danny Baker in the central region, and Shea Campbell in the Southeast. A leader for the Northeast region has not yet been announced. Carhart succeeds Brian McAuliffe.

Continue Reading
0 FacebookTwitterLinkedinEmail
A 3D render of Thurgood Marshall Plaza, a red and gray building with yellow, red, and white blocks between windows.
Affordable HousingFinanceNew YorkNewsNortheast

Walker & Dunlop Arranges $120M in Financing for Harlem Affordable Housing Portfolio

by Channing Hamilton

NEW YORK CITY — Walker & Dunlop has arranged $120 million in financing for a portfolio of three affordable housing properties totaling 557 units in Harlem. The portfolio’s capital stack now includes agency debt originated by Freddie Mac and historic tax credit equity that was generated by The New York City Housing Authority (NYCHA) and was subsequently purchased by J.P. Morgan Chase. Proceeds will be used to rehabilitate and preserve the affordability status of Audubon Houses, Bethune Gardens and Thurgood Marshall Plaza, which were built between 1962 and 1985. The …

Continue Reading
0 FacebookTwitterLinkedinEmail
A 3D rendering of Solamar Wildwood floor plans, including a teal quadplex, teal duplex, and white and orange villa.
Build-to-RentDevelopmentFinanceFloridaNewsSoutheast

JLL Arranges $48M in Construction Financing for Build-to-Rent Development in Central Florida

by Channing Hamilton

WILDWOOD, FLA. — JLL has arranged $48 million in construction financing for the development of Solamar Wildwood, a 243-unit build-to-rent development in Wildwood. Churchill Real Estate provided the two-year, non-recourse loan to the borrower, a partnership between TRUSOT Developments and Agador Spartacus Development (AS). Max La Cava, Kenny Cutler and Karim Khaiboullin of JLL arranged the financing on behalf of TRUSOT and AS, which are co-developing several residential projects across Florida. Situated adjacent to The Villages, a master-planned community in Central Florida for active adults, Solamar Wildwood will comprise townhomes …

Continue Reading
0 FacebookTwitterLinkedinEmail
A 3D render of Resia Ten Oaks, a gray, blue, and white apartment building.
DevelopmentFinanceNewsTexas

Resia Receives $96.5M in Construction Financing for Houston Multifamily Project

by Channing Hamilton

HOUSTON — Resia, a Miami-based developer formerly known as AHS Residential, has received $96.5 million in construction financing for Resia Ten Oaks, a 573-unit multifamily project in Houston. Santander Bank provided the senior loan, with Valley Bank also included among the syndicate of lenders. Additionally, Artemis Real Estate Partners provided preferred equity. Resia Ten Oaks will offer one-, two- and three-bedroom units and amenities such as a pool, fitness center, business center and a multi-purpose clubhouse. Sitework on the project began in July 2022, and full completion is scheduled for …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceNevadaNewsWestern

Pembrook Provides $38.2M in Financing to Acquire, Renovate Valencia Apartments in Las Vegas

by Channing Hamilton

LAS VEGAS — Pembrook Capital Management has provided a $27.6 million first mortgage bridge loan and a $10.6 million preferred equity investment for the acquisition and renovation of 127 apartment units located at 1455 E. Katie Ave. in Las Vegas. The name of the borrower was not released. The Valencia Apartments complex features 21 two-story buildings offering a total of 227 units spread across 10.5 acres. Pembrook’s financing allows for the purchase of 127 units (56 percent of the property), including 72 one-bedroom, 49 two-bedroom and six three-bedroom apartments. The …

Continue Reading
0 FacebookTwitterLinkedinEmail
BerkadiaFinanceMichiganMidwestNews

Berkadia Provides $33.8M Acquisition Loan for Multifamily Portfolio in Midland, Michigan

by Channing Hamilton

MIDLAND, MICH. — Berkadia has provided a $33.8 million Freddie Mac loan for the acquisition of a three-property multifamily portfolio totaling 449 units in Midland, a city in central Michigan. The communities within the portfolio include Mulberry Apartments, Robin Oaks and Perrine Pointe. According to Apartments.com, Mulberry Apartments and Robin Oaks were built in the late 1960s, while Perrine Pointe was constructed in 1945. Aaron Moll of Berkadia originated the loan on behalf of the buyer, Michigan-based LG Capital. Income Property Organization was the seller. Loan terms were not provided.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2026 France Publications, dba France Media Inc.