Author

Lynn Peisner

Altezza-Westchester
BerkadiaCaliforniaInvestment SalesNewsWestern

Berkadia Arranges $6.8M Sale in Westchester Submarket of Los Angeles

by Lynn Peisner

LOS ANGELES — Berkadia has arranged the $6.8 million sale of Altezza, a 16-unit property in the Westchester neighborhood of Los Angeles. Steffan Braunlich of Berkadia El Segundo led the transaction on behalf of the seller, Revere Investments of Rolling Hills Estates, California. The buyer was Edud Investments based out of Corona, California. The deal closed on Sept. 21. Located at 6925 Kittyhawk Ave., the property was built in 1993 and features 16 two-bedroom, two-bathroom apartments, including upper-level, two-story loft layouts. The property also includes in-unit stackable washers and dryers, …

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Marling-at-Town-Creek-Leland
Investment SalesNewsNorth CarolinaSoutheast

BAM Capital Buys Coastal Carolina Asset

by Lynn Peisner

LELAND, N.C. — Indiana-based BAM Capital, the private equity affiliate of The BAM Cos., has acquired The Marling at Town Creek, a 334-unit community completed in 2024 in Leland, 10 miles west of Wilmington, North Carolina. The seller and sales price were not disclosed. Units feature stainless steel appliances, walk-in closets and full-sized washers and dryers. Amenities include a 24-hour fitness center, saltwater pool with a ledge deck and lounge seating, a clubhouse, coworking space, dog park, car-care center and a café. The acquisition marks BAM Capital’s entry to the …

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The-Exchange-Salem
Affordable HousingDevelopmentMassachusettsNewsNortheast

WinnDevelopment Secures Financing for $48M Massachusetts Affordable Housing Development

by Lynn Peisner

SALEM, MASS. — WinnDevelopment has secured financing for a 115-unit, $48 million mixed-income community in Salem. The Exchange Salem will be a transit-oriented project, built adjacent to Salem’s Massachusetts Bay Transportation Authority (MBTA) commuter rail station. The seven-story ground-up development is being erected on the site of a former municipal parking lot overlooking the mass transit station and parking garage. The Exchange will comprise studios, one- and two-bedroom apartments, about half of which will be affordable to renters earning up to 60 percent of area median income (AMI). Remaining units …

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First-Street-Manor-San-Jose
CaliforniaInvestment SalesNewsWestern

Marcus & Millichap Brokers $9.1M Silicon Valley Trade

by Lynn Peisner

SAN JOSE, CALIF. — Marcus & Millichap’s Levin Johnston brokerage team has arranged the sale of First Street Manor, a 39-unit community in San Jose. Adam Levin, Robert Johnston and Cole Simpson represented the seller and procured the buyer in the $9.1 million transaction. Neither party to the transaction was named. The property, built in 1948, comprises studio, one- and two-bedroom floor plans. The 18,305-square-foot property sits on a 0.87-acre parcel one block west of the Japantown/Ayer light rail station at 523 North 2nd St. with service throughout the Silicon …

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Elevate-Rocky-River-Monroe
FinanceNewsNorth CarolinaSoutheast

Regions Provides $64M Freddie Mac Loan for Charlotte Refinancing

by Lynn Peisner

MONROE, N.C. — Regions Real Estate Capital Markets has arranged a $64 million Freddie Mac loan for Signature Property Group’s refinancing of Elevate Rocky River in Monroe, 26 miles southeast of Charlotte. The loan refinances the new community, replacing a prior construction loan with a permanent debt. The community comprises one- and two-bedroom units and such amenities as a resort-style pool, coffee bar, package room, fitness center, dog park, playground, work spaces and electric vehicle charging stations. Signature Property Group is headquartered in Greensboro, North Carolina.

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Griffis-Union-Station-Denver
ColoradoFinanceNewsWestern

Griffis Residential Obtains $86.1M Refinancing for Denver Asset

by Lynn Peisner

DENVER — JLL Capital Markets has arranged an $86.1 million refinancing loan for Griffis Union Station, a 400-unit property owned by Greenwood Village, Colorado-based multifamily investment company Griffis Residential. Completed in 2010, Griffis Union Station is located at 2905 Inca St. in downtown Denver, stands five stories tall and offers one- and two-bedroom units and such amenities as a fitness center, resort-style pool, clubhouse, lounge, business center, grilling stations, game room, dog park and pet washing station. JLL’s team was led by Eric Tupler, Kevin Barron and Jake Martin.

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The-Adeline-Ann-Arbor
Affordable HousingDevelopmentMichiganMidwestNews

Related Midwest Breaks Ground on $220M Affordable Housing Redevelopment in Ann Arbor, Michigan

by Lynn Peisner

ANN ARBOR, MICH. — Related Midwest, the Chicago office of Related Cos., and the Ann Arbor Housing Commission have broken ground on The Adeline, a 20-story, 330-unit affordable housing community in downtown Ann Arbor. The project cost was listed as $220 million when digital news group MLive reported the city’s approval of the development in October 2025. Most units are reserved for households earning up to 80 percent of area median income (AMI). About one-third of the apartments will be reserved for households earning 30 percent or less of AMI. …

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City-Walk-at-Woodbury-Minnesota
Investment SalesMidwestMinnesotaNews

Waterton Buys City Walk at Woodbury in Twin Cities Metro

by Lynn Peisner

WOODBURY, MINN. — Chicago-based Waterton has acquired City Walk at Woodbury, a 453-unit property in the Twin Cities suburb of Woodbury. The seller and sales price were not disclosed. The community comprises two four-story residential buildings, heated indoor parking garages, a clubhouse and 34,000 square feet of retail space. City Walk at Woodbury was built in phases in 2005 and 2011. Waterton is planning capital improvement projects targeting units, hallways and common areas. The one-, two- and three-bedroom apartments are complemented by an indoor pool, a hot tub, sauna, game …

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The-Alexandria-Kansas-City
Affordable HousingDevelopmentFinanceMidwestMissouriNews

Joint Venture Team Secures $17.1M in Financing for Kansas City Affordable Housing Rehab

by Lynn Peisner

KANSAS CITY, MO. — Hunt Capital Partners, in partnership with Riverstone Platform Partners and Kansas City Metropolitan Lutheran Ministry (MLM), have secured $17.1 million in financing for the rehabilitation of The Alexandria, an affordable housing property at 1328 E. Armour Blvd. in Kansas City, Missouri. Riverstone Platform Partners will serve as lead developer, and MLM will serve as co-developer. The project encompasses 55 new units in two four-story buildings originally constructed separately in 1923 and later connected with a shared elevator and lobby system serving all four levels. The community …

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Dover-Run-Dover
FinanceNewsNortheastPennsylvania

Northmarq Arranges $19.1M Refinancing for Dover Run Apartments in Pennsylvania

by Lynn Peisner

DOVER, PA. — Northmarq’s Philadelphia team, led by John Banas, Kris Wood, David Singer and Jeff Steigerwalt, has arranged a $19.1 million loan for the refinancing of Dover Run Apartments located at 2670 Springhouse Bend in Dover, about 51 miles north of Baltimore. Northmarq arranged the deal on behalf of the borrower, Boyd Wilson. The financing was secured through Freddie Mac’s Optigo platform. The transaction was structured on a five-year term with a 35-year amortization schedule. Built in 2019, Dover Run is a 154-unit, 13-building garden-style community with a mix …

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