Author

Lynn Peisner

Forty649-North-Hills-El-Paso
Investment SalesNewsTexas

JLL Arranges Sale of Forty649 in El Paso

by Lynn Peisner

EL PASO, TEXAS — Hamilton Point Investments has sold Forty649 North Hills in El Paso. JLL represented Hamilton Point, and the buyer’s identity was not disclosed. The asset, located at 4649 Loma Del Sur Drive, was 93.3 percent occupied when the deal closed. JLL’s team was led by Steven Hahn Jr., Art Barnes and William Jennings. The 345-unit Forty649 North Hills, developed in 2009, is comprised of 42 two-story buildings. Amenities include a resort-style pool, fitness center, clubhouse, dog park and covered parking.

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The-Waymark-DC
Affordable HousingDevelopmentNewsNortheastWashington, D.C.

The NRP Group Begins Construction of Mixed-Income Development in Washington, D.C.

by Lynn Peisner

WASHINGTON, D.C. — The NRP Group has begun construction of The Waymark in Washington, D.C.’s Ward 7 neighborhood, located on the east side of the District. The 109 one-, two- and three-bedroom apartments are income restricted at 30, 50 and 80 percent of area median income and include 22 units set aside as permanent supportive housing for individuals at risk of homelessness or who were previously unhoused. The property will include a fitness center and multi-purpose spaces. Development partner Marshall Heights Community Development Organization (MHCDO) will provide financial-literacy, career and …

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Modera-Woodmont-Beach-Des-Moines
DevelopmentNewsWashingtonWestern

Mill Creek Residential Begins Construction of Modera Woodmont Beach in Metro Seattle

by Lynn Peisner

DES MOINES, WASH. — Mill Creek Residential has begun construction of Modera Woodmont Beach in Des Moines, 20 miles south of downtown Seattle. Modera Woodmont Beach will include 280 apartments and 7,500 square feet of retail space. Resident move-ins are estimated to begin in summer 2027. The community will be built to National Green Building Standard (NGBS) certification, which awards points for features such as energy and water efficiency and indoor air quality. Units will be comprised of one-, two- and three-bedroom floor plans, and amenities will include a resort-style …

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Strait-and-Nelson-San-Marcos
DevelopmentLeasing & MarketingNewsTexas

Initial Units Open at Woodfield Development’s Strait & Nelson in San Marcos, Texas

by Lynn Peisner

SAN MARCOS, TEXAS — Woodfield Development has completed initial units, and residents have begun moving into, Strait & Nelson, a 360-unit community in San Marcos. Construction is slated to be fully complete by this summer. The project team included architect Dwell Design Studio, ChalkLine General Contractor and Thrive Interior Design.  Strait & Nelson consists of one-, two- and three-bedroom units  and a clubroom with an entertainment kitchen and beer taps, a coworking lounge with private offices and conference rooms and a resort-style pool complemented by a courtyard and outdoor gathering …

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Domain-Memorial-Houston
FinanceNewsTexas

Knightvest Capital Obtains $81M Refinancing for Houston Property

by Lynn Peisner

HOUSTON — Mesa West Capital has provided an $81 million loan to Knightvest Capital to refinance Domain Memorial, a 313-unit rental townhome community 17 miles west of Houston in the metro area’s Briar Forest/West Memorial submarket. During its ownership, Dallas-based Knightvest has renovated a majority of Domain Memorial’s units and has completed improvements to the parking lot, clubhouse, pool area, fitness center, lighting and landscaping and also has installed a new electric vehicle charging station. Knightvest will use a portion of the proceeds from the five-year, floating-rate loan to complete …

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Park-Towers-Richton-Park
IllinoisInvestment SalesMidwestNews

Eastham Capital, Bender Cos. Buy Park Towers Apartments in Richton Park, Illinois, for $30.4M

by Lynn Peisner

RICHTON PARK, ILL. — Eastham Capital and Bender Cos. have acquired Park Towers Apartment Homes in Richton Park, 35 miles south of Chicago. This $30.4 million purchase marks Eastham’s third Chicagoland acquisition with Bender since the start of 2026. The co-investors also bought The Element in Mount Prospect and The Flats at Gladstone in Glendale Heights. The companies have, in total, acquired 13 properties through Fund VII. Park Towers, built in 1974, consists of 270 one- and two-bedroom units and such amenities as a fitness center, business center, on-site laundry …

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Olympus Property-Ascend-by-the-Sea
DelawareInvestment SalesNewsNortheast

Olympus Property Acquires Asset on Delaware Coast

by Lynn Peisner

MILLVILLE, DEL. — Olympus Property, a Fort Worth, Texas-based multifamily owner and operator, has acquired Ascend by the Sea in Millville. The 216-unit property opened in 2024. The seller’s identity was not disclosed, but the project was originally brought forward as Tupelo Sands, with town plan documents identifying DHI Communities as the developer. This sale marks Olympus’ first owned property in the mid-Atlantic region. According to the community website, the asset’s name has been changed to Olympus by the Sea. Amenities include a resort-style pool, fitness center, coffee bar, coworking …

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Momentum-at-First-Creek-Denver
ColoradoInvestment SalesNewsWestern

Momentum at First Creek in Denver Trades for $56M

by Lynn Peisner

DENVER — Momentum at First Creek in Denver was sold on March 31 by a Colorado-based developer to a private out-of-state investment firm for $56 million. The 200-unit property at 5500 Telluride St. is about 20 miles east of downtown Denver and approximately seven miles southwest of the Denver International Airport. It was developed in 2023. Craig Stack, Bill Morkes and Nate Moyer of the Stack Morkes Multifamily Investments division of Colliers represented the seller, while Colliers’ debt team arranged financing for the buyer. Amenities include a resort-style pool, an …

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Project-Greyhound-Richmond
DevelopmentFinanceNewsSoutheastVirginia

Walker & Dunlop Arranges $132M for Richmond Bus Terminal Redevelopment

by Lynn Peisner

RICHMOND, VA. — Walker & Dunlop has arranged $132 million in financing for a joint venture’s redevelopment of a former bus station in Richmond. AIP, Pointsfive and Bridge Investment Group will replace the Greyhound terminal at 2910 North Arthur Ashe Blvd. in Richmond’s Scott’s Addition neighborhood with a 550,000-square-foot property comprised of 396 apartment units and approximately 14,000 square feet of retail. The capital stack includes equity and an $85.6 million construction loan provided by Madison Realty Capital. The bus station and service depot was in operation from approximately 1984 …

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Parks-at-Hallandale-Florida
DevelopmentFloridaNewsOperationsSoutheast

Move-Ins Begin at 13th Floor’s Parks at Hallandale

by Lynn Peisner

HALLANDALE BEACH, FLA. — Miami-based developer 13th Floor Investments has completed the first two residential buildings in its Parks at Hallandale project in Hallandale Beach and obtained a temporary certificate of occupancy allowing the first residents to move into the property. The community offers a mix of studio through three-bedroom floor plans across what will be seven residential buildings on a 15.5-acre site. The remaining five buildings are expected to be complete by this summer. Unit size ranges from 600 to 1,400 square feet, while monthly asking rents begin at …

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