Author

Lynn Peisner

Oakvale-Anjou
Investment SalesNewsOregonWestern

Bender Equities Sells Two Oregon Properties for $83M

by Lynn Peisner

CORVALLIS, TALENT ORE. — Bender Equities has sold two properties in Oregon to Verdant Development Inc. for $83 million. Oak Vale is a 257-unit property in Corvallis, and Anjou Club in Talent is comprised of 181-units. Anthony Palladino, Philip Assouad, Giovanni Napoli, Ryan Harmon and Nick Ruggiero of IPA, in association with David Tabata, Marcus & Millichap’s broker of record in Oregon, represented the seller. Oak Vale is a 31-building property built in two phases in 1973 and 1995 on approximately 16 acres. Amenities include a lounge, game room, fitness …

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75-West-Dallas
Investment SalesNewsTexas

Machine, RPM Partner for North Dallas Acquisition

by Lynn Peisner

DALLAS — Machine Investment Group and RPM Living Investments have acquired 75 West, a 490-unit community in the Park Central submarket of North Dallas. RPM will also serve as property manager. Located at 7927 Forest Lane, 75 West comprises 490 units, half of which are townhomes with attached garages. The property also includes approximately 10,800 square feet of fully leased ground-floor retail space. Machine plans to invest in deferred and preventive maintenance, amenity enhancements and operational improvements designed to stabilize the asset. The seller was not disclosed, but the asset …

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Whitmore-Charleston
DevelopmentNewsSouth CarolinaSoutheast

Thompson Thrift Breaks Ground on First Project in South Carolina

by Lynn Peisner

NORTH CHARLESTON, S.C. — Thompson Thrift has broken ground on The Whitmore at Ingleside, situated within the 1,500-acre Ingleside master-planned community in North Charleston. The 327-unit project marks the Indiana-based developer’s first in South Carolina. The Whitmore at Ingleside site is approximately 19 acres. The community will include studio, one-, two- and three-bedroom floor plans and a resort-style pool, 24-hour fitness center, pickleball court, pocket park, electric firepit gathering areas, grilling stations, pet spa, two dog parks and a social lounge with billiards, coffee bar, focus suites, conference room and …

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Swell-Apartments-Seattle
Affordable HousingFinanceNewsWashingtonWestern

Newmark Arranges $55M Refinancing for Swell Apartments in Seattle

by Lynn Peisner

SEATTLE — Newmark has arranged a $55 million loan on behalf of Mack Real Estate Group, Silverstein Properties and Cantor Fitzgerald to refinance Swell Apartments, a 200-unit community in Seattle. Jordan Roeschlaub, Chris Kramer, Sam Speciale and Lance Tillman arranged the financing with Tokyo-based ORIX, a commercial real estate finance and investment firm. Completed in 2024, Swell Apartments, in Seattle’s Yesler Terrace neighborhood, is comprised of market-rate and affordable units — restricted to tenants earning 60 to 80 percent of area median income — and amenities such as a rooftop …

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Rushmark-West-Falls-VA
DevelopmentFinanceNewsNortheastWashington, D.C.

Rushmark Secures Financing for $136M Development Near Metro D.C. Commuter Station

by Lynn Peisner

FALLS CHURCH, VA. — Rushmark has secured financing to develop a $136 million apartment community in West Falls Church. FCP provided $22 million of preferred equity, and PNC contributed a $92 million senior construction loan. Patrick McGlohn, Brian Crivella, Yalda Ghamarian, Brian Gould, Bill Gribbin and Patrick Cunningham of Berkadia DC Metro led the transaction. Located at the corner of Falls Church Drive and West Falls Station Boulevard, the seven-story community will offer a mix of one- and two-bedroom apartments and such amenities as work-from-home spaces, a clubroom, speakeasy and …

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Vermella-Harrison
FinanceNew JerseyNewsNortheast

JLL Arranges $75M Loan for Russo Development’s Vermella Harrison in New Jersey

by Lynn Peisner

HARRISON, N.J. — JLL has arranged a $75 million refinancing loan for Vermella Harrison, a 398-unit community at 1100 Frank E. Rogers Blvd. in Harrison, about 12 miles west of Manhattan. An unnamed life insurance company was the lender, and the borrower was Russo Development. Completed in 2015, Vermella Harrison is a six-story building offering studio, one- and two-bedroom units and a fitness center and yoga studio, bocce ball court, dog run, rooftop terrace, pool and clubhouse. The property is approximately 97 percent occupied and includes five ground-floor retail spaces …

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3030-Maybank
Build-to-RentDevelopmentNewsSouth CarolinaSoutheast

Center Park Group, Berry Co. Underway on BTR Development Near Charleston

by Lynn Peisner

JOHNS ISLAND, S.C. — General contractor Center Park Group and developer The Berry Co. are developing 3030 Maybank, a 72-unit build-to-rent project on a 9-acre site in Johns Island, 11 miles south of Charleston, South Carolina. Vertical construction began in April 2026, with the first homes slated for completion in November of this year. Each home will include three bedrooms, an open-concept living area, private balcony, attached one-car garage and driveway parking. Amenities will include a playground, dog park, gazebo and hammocks, along with landscaped common areas and sidewalks throughout …

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Vantage-at-Loveland-Loveland
ColoradoInvestment SalesNewsWestern

JB Matteson Acquires Vantage at Loveland in Colorado for $72.3M

by Lynn Peisner

LOVELAND, COLO. — JB Matteson has acquired the 288-unit Vantage at Loveland from Vantage Communities for $72.3 million, according to Larimer County property records. Loveland is 50 miles north of Denver. Greg Parker and Jason Hornik out of Marcus & Millichap’s Denver office arranged the sale on behalf of the seller. Completed in 2024, Vantage at Loveland features a resort-style pool, clubhouse, fitness center, and outdoor recreation areas. Apartments have washers and dryers, walk-in closets and kitchen islands. JB Matteson is a San Mateo, California-based property management and investment firm. …

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David-Nelson
Industry VoicesInvestment SalesOperationsSoutheastTennessee

Nashville’s Fundamentals and a Resilient Labor Market Strengthen the City’s Multifamily Outlook

by Lynn Peisner

By David Nelson  When considering the attributes of Nashville, a thriving music industry often first comes to mind. The city is dubbed Music City, after all, and has spawned a variety of successful country music artists.  Nashville is more than twang and chart-toppers, however. It’s Tennessee’s capital and most populous city, home to more than 2.1 million residents in the metro area, with an economy anchored by major employers in healthcare, government, education and manufacturing.  Its unique dynamics also make it a market to strongly consider for multifamily investment. Nashville’s …

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W-Lobby-Cleveland
DevelopmentFinanceMidwestNewsOhio

ErieView Secures $217.6M in Construction Financing for Cleveland Tower Redevelopment

by Lynn Peisner

CLEVELAND — ErieView Development, led by Cleveland’s Kassouf family, is redeveloping the 40-story Erieview Tower into a 210-room W Cleveland hotel, 215 W-branded rental apartments and renovated office space. Brown Gibbons Lang & Co. served as financial adviser and arranged roughly $217.6 million in financing for the residential and hotel phases. The hotel and apartments are slated to open in late 2027. In 2018, The Kassouf family acquired the largely vacant office tower, built in 1964. The conversion will introduce both Ohio’s first W Hotel and the W brand’s first …

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