TUCSON, ARIZ. — Greystone has arranged a $14 million debt placement for the refinancing of Linda Vista Luxury Rentals, a 64-unit build-to-rent community in Tucson. The property was recently completed in 2024 and is currently in lease-up. Amenities include a pool and spa. The financing was provided by an undisclosed lender and includes a 36-month term. Shana Daby and Rebecca Reich of Greystone sourced the transaction. Thomas Wayda and Dante DiStefano handled the debt placement.
WILLIAMSBURG, VA. — Hamilton Zanze has sold Woods of Williamsburg, a 125-unit garden-style community situated at 108 Tilghman Court in Williamsburg. The seller and sales price were not disclosed. The sale marks the San Francisco-based investment firm’s fourth disposition in 2024. Hamilton Zanze originally sponsored the acquisition of the property in 2018. The company conducted various renovations at the property, including the repainting of building exteriors as well as updates to the pool area and amenity spaces. Woods of Williamsburg was built in 1978. The community offers studio, one-, two- …
WEST PALM BEACH, FLA. — Miami-based investor and developer Integra Investments has acquired Monaco Isles, a 317-unit community located at 800 The Pointe Drive in West Palm Beach. Axonic Properties sold the asset for an undisclosed price. The garden-style property rises two stories. Amenities include a pool and jacuzzi, fitness center, clubhouse, business center, children’s playground, picnic area and dog park.
PIKESVILLE, MD. — Colliers has secured a $24.5 million loan for the refinancing of Milford Station, a 199-unit community located at 19 Warren Park Drive in Pikesville, approximately 15 miles northwest of Baltimore. The community features amenities such as a pool, laundry facilities, controlled building access, playground, picnic area and complimentary parking, according to Apartments.com. Bob Beckman of Colliers arranged the non-recourse loan, which features a 30-year term and fixed interest rate of 5.1 percent. Gelfund RE Opportunities and GY Properties were the borrowers.
BRIDGEPORT, CONN. — New York City-based brokerage firm Adirondack Capital Partners has arranged the $107.5 million sale of Canfield Park at Fairfield Metro, a 300-unit asset in Bridgeport, a coastal city located roughly 20 miles southwest of New Haven, Connecticut. Canfield Park at Fairfield Metro was constructed in 2023. The community features studio, one- and two-bedroom apartments that range from 300 to 1,200 square feet. Amenities include a pool, fitness center, rooftop terrace, game room, golf simulator, music and art studios, courtyard with grilling stations, sports bar, coffee lounge and …
Hurricane season is in full swing. As heavy rains and powerful winds tear through the Southeast, flooding has quickly become a major concern for multifamily owners and operators. Flooding is the most common and costly type of natural hazard in the nation. According to the Department of Homeland Security, 90 percent of natural disasters within the United States involve flooding. Additionally, flood risk is intensifying as the number and severity of storms increase. The National Oceanic and Atmospheric Administration (NOAA) predicted an 85 percent chance of a more destructive than average hurricane season in …
GREEN BAY, WIS. — A partnership between Gorman & Co. and the Lutheran Social Services of Wisconsin and Upper Michigan (LSS) has completed Bay City Lofts, a 48-unit affordable and supportive housing community in Green Bay. The property is located at 2510 University Ave. Of the total unit count, 40 are set aside for tenants earning between 30 and 60 percent of the area median income. The remaining eight units are market rate. Amenities include a community room, fitness center and onsite offices for LSS, which will provide supportive services …
AUSTIN, TEXAS — JLL has arranged a $55.5 million loan for the refinancing of Urban East, a 381-unit community in Austin. JLL arranged the floating-rate debt on behalf of the owner, a partnership between Battery Global Advisors, the Housing Authority of the City of Austin, River City Capital Partners and LDG Development. The direct lender was Goldman Sachs Alternatives. Recently built in 2023, Urban East offers studio, one-, two- and three-bedroom floor plans. Amenities include two pools, a fitness center, private conference rooms, a rooftop lounge, resident clubhouse and kitchen, …
DOUGLASVILLE, GA. — Crescent Communities plans to develop RENDER Douglasville, a 300-unit community in Douglasville, roughly 20 miles west of Atlanta. Once completed in early 2026, the property will offer amenities including a pool, clubhouse, outdoor spaces and entertainment programming. Project partners include CIBC, Great Southern Bank and Crescent Communities Construction. Phoenix Capital Management is providing financing. RENDER Douglasville is situated within The Trails, a mixed-use project that The Foxfield Cos. is developing. In addition to RENDER Douglasville, The Trails also features 60,000 square feet of townhome, hospitality and office …
NEW BRAUNFELS, TEXAS — AOG Living has opened The Sophie, a 282-unit property located at 108 Oak Creek Way in New Braunfels, about 33 miles northeast of San Antonio. The Sophie features apartments in one-, two- and three-bedroom layouts. Amenities include a fitness center, business center and cyber lounge, clubhouse with clubroom and gaming area, pool with cabanas, dog park and pet wash station, courtyard Biergarten, sky lounge and package lockers. Tenants will also have access to grilling stations, a fire pit, electric vehicle chargers and carport and garage parking. …