Author

Lynn Peisner

The-Crossing-Lofts-Indianapolis
DevelopmentIndianaMidwestNews

Thompson Thrift Breaks Ground on The Crossing Lofts in Fishers District

by Lynn Peisner

FISHERS, IND. — Thompson Thrift has broken ground The Crossing Lofts at Fishers District, a 273-unit community with approximately 10,000 square feet of ground-floor commercial space in the Indianapolis suburb of Fishers. The four-story development is located within The Crossing at Fishers District, the southern portion of Thompson Thrift’s Fishers District master planned community and home to the 7,500-seat Fishers Event Center. Once complete, the approximately $750 million, 123-acre project will include multifamily, hotel, office dining, retail and entertainment spaces connected by pedestrian paths. Amenities will include a resort-style heated …

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The-Averly-Richmond-Hill
DevelopmentGeorgiaLeasing & MarketingNewsSoutheast

ECI Group Begins Leasing $60M Development in Metro Savannah

by Lynn Peisner

RICHMOND HILL, GA. — ECI Group has begun pre-leasing at The Averly Richmond Hill, a $60 million, 291-unit development in Richmond Hill, approximately 20 miles south of Savannah, Georgia. The gated community offers 243 one-, two- and three-bedroom apartments and 48 three-bedroom townhomes that feature a private porch or balcony. Amenities include an 8,400-square-foot clubhouse, package room, coworking space, a coffee bar, resort-style pool, golf simulator, a dog park, an open lawn with hammocks, a fire pit and table tennis and detached garages and storage units for rent. Atlanta-based ECI …

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The-Flynn-Dallas
DevelopmentNewsTexas

Conor Commercial-Led JV Opens The Flynn at Live Oak in Dallas

by Lynn Peisner

DALLAS — Conor Commercial Real Estate and Cadence McShane Construction have completed The Flynn at Live Oak, a 327-unit development located at 4931 Live Oak St. in East Dallas. The five-story building includes studios, one- and two-bedroom floor plans complemented by a rooftop lounge, coworking spaces, a fitness center, market, a pet spa, a resort-style pool, firepits, grills, a yoga area and a dog park. The development is a joint venture investment among Conor Commercial Real Estate, Globe Corp. and Origin Investments. JLL’s Dallas office assisted with the capital raise. …

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Park-MacArthur-DC
Investment SalesNewsNortheastWashington, D.C.

Marcus & Millichap Brokers $4.3M Sale of Park MacArthur in Washington, D.C.

by Lynn Peisner

WASHINGTON, D.C. — Marcus & Millichap has arranged the sale of Park MacArthur, a 17-unit property in Northwest Washington, D.C. The asset sold for $4.3 million. Marcus & Millichap’s John Slowinski, Ryan Murray and Marty Zupancic marketed the property on behalf of the seller, Community Three. The identity of the buyer was not disclosed. The three-story property is 13,360 square feet on a 10,019-square-foot lot. It was built in 1939 and renovated in 2015 with updated unit finishes, new windows and upgraded building systems. The roof and skylight were replaced, …

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Sean-Thompson-UAG
Affordable HousingNewsOperationsPeople News

UAG Hires Sean Thompson to Lead Affordable Housing Property Management Portfolio

by Lynn Peisner

SAN ANTONIO — United Apartment Group (UAG), a third-party multifamily property management company and affiliate of Brixton Capital, has appointed Sean Thompson to the role of chief operating officer of affordable housing, a newly created executive position that focuses on strategic growth of the company’s affordable housing portfolio. UAG currently manages 101 affordable housing communities representing approximately 13,000 units. Before joining UAG, Thompson served as president of asset management at The Wentwood Cos., where he oversaw a portfolio of affordable housing assets representing general partner ownership and limited partner investment …

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Piper-Glen-Charlotte
DevelopmentFinanceNewsNorth CarolinaSoutheast

RK Investors Secures $81M Construction Loan for Charlotte Project

by Lynn Peisner

CHARLOTTE, N.C. — CBRE has arranged an $81 million construction loan for Sutherland at Piper Glen, a 299-unit community under development by a consortium of investors led by Charlotte-based RK Investors. Western-Southern Life Insurance Co. was the lender. CBRE’s Nate Sittema, Kristen Reilley and Elliott Voreis led the transaction. Currently under construction at 9621 Elm Lane, Sutherland at Piper Glen will feature four five-story buildings built atop a single-story parking podium. The community is the first multifamily component of Greenway at Piper Glen, a 53-acre residential master-planned development by RK …

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Gateway-Villas-Las-Vegas
FinanceNevadaNewsWestern

Bascom Group Obtains $30.8M Refinancing Loan for Gateway Villas in Las Vegas

by Lynn Peisner

LAS VEGAS — The Bascom Group has refinanced Gateway Villas Apartments in Las Vegas with a $30.8 million loan. Brian Eisendrath, Cameron Chalfant, Jesse Zarouk and Jake Vitta of IPA Capital Markets arranged the financing, with Bridge Investment Group providing the loan. The Bascome Group acquired the 200-unit community in December 2021. Gateway Villas was constructed in 1984 and 1985 and comprises one- and two-bedroom units and a pool, clubhouse, fitness center, putting green and grilling area. Bascom completed a renovation program during its hold that updated amenities and repurposed …

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Livano-Oakmont
Build-to-RentDevelopmentNewsSoutheastTennessee

PCCP, LIV Development Break Ground on Livano Oakmont in Nashville

by Lynn Peisner

NASHVILLE, TENN. — PCCP and LIV Development have broken ground on Livano Oakmont Residences, a 126-unit build-to-rent community at 7790 Sawyer Brown Road in Nashville. Livano Oakmont Residences will comprise 126 townhomes, including 18 two-bedroom, 66 three-bedroom and 42 four-bedroom units that feature one- or two-car garages. Amenities will include a resort-style pool with cabanas, outdoor dining areas, grilling stations, a game lawn, fire pits and a playground. The clubhouse will feature lounge areas, an entertainment kitchen, a game room, a 24-hour fitness center and an indoor-outdoor yoga room. Additional …

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Courtside-II-Miami
Affordable HousingDevelopmentFloridaNewsSoutheast

HTG Opens $58M Affordable Housing Community in Miami

by Lynn Peisner

MIAMI — Housing Trust Group (HTG) has completed and opened Courtside Apartments II, a $58 million affordable housing community in Miami’s Overtown neighborhood. The 120 units are reserved for families earning at or below 30, 50, 60 and 70 percent of area median income, with monthly asking rents starting at $683. Located at 1698 NW 3 Avenue and 1501 NW 4 Avenue, Courtside Apartments II consists of two five-story buildings located on either side of the Culmer Center, a historic community center, creating a larger residential campus together with the …

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Chapanoke-Raleigh
Affordable HousingDevelopmentNewsNorth CarolinaSoutheast

Joint Venture Breaks Ground on $58M Affordable Housing Development in Raleigh

by Lynn Peisner

RALEIGH, N.C. — Gilbane, Harmony Housing Affordable Development Inc. and F7 International Development have broken ground on Chapanoke, a $58 million, 200-unit affordable housing community in Raleigh. Chapanoke’s floor plan mix includes one-, two- and three-bedroom units reserved for residents earning between 30 and 70 percent of area median income The development is supported by a public-private financing structure that includes tax credit equity, private financing and local public investment. Greystone Real Estate Capital is providing low-income housing tax credit equity, while Greystone Housing Impact Investors LP and Citi Community …

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