Author

Lynn Peisner

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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The-Opal-West-Valley-City
FinanceNewsUtahWestern

JLL Arranges Refinancing for The Opal in Salt Lake City Metro

by Lynn Peisner

WEST VALLEY CITY, UTAH — JLL has arranged an undisclosed amount of debt on behalf of TPG Angelo Gordon and Timberline Parters to refinance The Opal in West Valley City. JLL’s team was led by Leon McBroom, Jack Hunsicker and Ellie Savage. The Opal, completed in 2024, is comprised of 262 units and amenities such as a fitness center, hot tub, pickleball courts, clubroom and a pool. The property is 10 miles southwest of downtown Salt Lake City.

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Alta-Roosevelt-St-Petersburg
Affordable HousingDevelopmentFloridaNewsSoutheast

Wood Partners Plans May Groundbreaking for St. Petersburg Mixed-Income Project

by Lynn Peisner

ST PETERSBURG, FLA. — Wood Partners will break ground in May on Alta Roosevelt, a 381-unit community on 11.6 acres along Roosevelt Boulevard in St. Petersburg. Under Florida’s Live Local Act, which allows developers to build on land not originally zoned for residential if affordable housing is included, 40 percent of the units will be reserved for renters earning 120 percent or less of area median income. Completion is slated for April 2028. An existing office building on the site will be demolished, while the office’s parking garage will be …

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Wendy-Dorchester-Pegasus-Residential
Industry VoicesOperations

Multifamily Industry Should Be Doing More to Court the Pet-Owning Renter

by Lynn Peisner

By Wendy Dorchester Pet-friendliness is one of the ultimate differentiators at rental communities, and the difference is obvious the moment you walk a truly pet-inclusive property. Residents bond over their pets, often knowing the names of each other’s dogs before they know the names of their neighbors. Communities that embrace this reality benefit from stronger renewal rates, more engaged residents and an environment that feels welcoming to a wider pool of renters. But while the industry has made significant progress over the past decade, the recent 2026 State of Pets …

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The-Marte-DC
Affordable HousingDevelopmentLeasing & MarketingNewsNortheastWashington, D.C.

Gilbane Begins Leasing $135M Second Phase of D.C. Affordable Housing Redevelopment

by Lynn Peisner

WASHINGTON, D.C. — Gilbane Development has begun leasing the second of its three-phase redevelopment at 7th Street and Barnaby Road in Southeast Washington, D.C. Phase II of Barnaby & 7th includes 229 units within four new residential buildings: The Stoneview, The Solomon, The Marte and The Lewis. Construction of these buildings is slated for completion by summer 2026. The four communities feature a mix of studio to three-bedroom units serving households earning 50 and 80 percent of the area median income (AMI). Twenty percent of the apartments will be set …

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Bell-Trelago-Maitland
Company NewsNews

Sun Life to Acquire Bell Partners

by Lynn Peisner

TORONTO, GREENSBORO, N.C. — Sun Life Financial Inc. (NYSE: SLF), a Toronto-based global financial services firm providing insurance, wealth management, retirement and asset-management services, plans to acquire Bell Partners, a Greensboro-based multifamily investment and management firm, for $350 million. The transaction is expected to close in the second half of 2026. Sun Life also has completed its purchase of the remaining 44 percent stake in BGO, a global real estate investment management firm formerly known as BentallGreenOak, for about $1.2 billion. Sun Life acquired a 56 percent majority stake in …

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John-Winthrop-Apartments-Seattle
Investment SalesNewsWashingtonWestern

Kidder Mathews Arranges Sale of Vintage Seattle Property

by Lynn Peisner

SEATTLE — Locally based Nordic Partners Investments has acquired John Winthrop Apartments, a 79-unit property at 1020 Seneca St. in Seattle’s First Hill neighborhood. Dylan Simon, Jerrid Anderson and JD Fuller of Kidder Mathews’ Simon Anderson Multifamily Team represented the undisclosed seller. Nordic Real Estate specializes in value-add multifamily acquisitions with a focus on vintage properties. The John Winthrop building was constructed in 1925. Two units have been fully renovated. Nordic plans to implement a unit-upgrade program on the remaining homes.

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HTG-Red-Oaks-Austin
Affordable HousingDevelopmentFinanceNewsTexas

HTG Opens $26M Red Oaks Affordable Housing in Austin

by Lynn Peisner

AUSTIN, TEXAS — Housing Trust Group (HTG) has completed and opened Red Oaks, a 70-unit, $26 million affordable housing community in the Anderson Mill neighborhood of Northwest Austin. Apartments at Red Oaks will be reserved for families earning 30, 50 and 60 percent of local area median income, which was $94,000 for an individual and $134,000 for a family of four in 2025, according to HUD. Miami-based HTG partnered with nonprofit group AM Affordable Housing and locally based consulting firm Thoman & Butler on the project. Funding sources for Red …

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REV3-Walnut-Creek-Austin
Build-to-RentDevelopmentNewsTexas

Trilogy Investment Begins Construction of REV3 at Walnut Creek in Austin

by Lynn Peisner

AUSTIN, TEXAS — Trilogy Investment Co. has broken ground on a 190-unit, build-to-rent (BTR) townhome project in Northeast Austin. REV3 at Walnut Creek will feature three-bedroom townhomes averaging approximately 1,493 square feet. Each residence will include a one-car attached garage. REV3 Homes, a division of Trilogy Investment Co., will serve as builder for the project. Leasing is expected to begin in the third quarter of 2027, with construction completion slated for the second quarter of 2028. The Alpharetta, Georgia-based developer also has recently broken ground on other BTR projects in …

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