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Lynn Peisner

High Street Residential Breaks Ground on North Dallas Mixed-Income Office Conversion

by Lynn Peisner October 15, 2026

DALLAS — High Street Residential, a subsidiary of Trammell Crow Co., both based in Dallas, has broken ground on a 435-unit community in North Dallas. Greenwich, Connecticut-based Acram Group is a general partner, and Parse Capital, headquartered in Scottsdale, Arizona, provided an undisclosed sum of equity. The project, yet to be named, is an office conversion. The community will include 218 affordable units and 217 market-rate apartments. Earlier Dallas Public Facility Corp. approvals called for 5 percent of units to be reserved for households earning below 50 percent of area …

October 15, 2026

Investment Sales News North Carolina Southeast

Portsmouth Real Estate Partners and Marcus Partners Acquire Vine North Hills in Raleigh

by Lynn Peisner October 15, 2026

RALEIGH, N.C. — Portsmouth Real Estate Partners and Marcus Partners have acquired Vine North Hills at 500 St. Albans Drive in Raleigh. The sales price and seller were not disclosed. The 326-unit community was developed in 2020 and offers studios, one-, two- and three-bedroom units and a resort-style pool, fitness center, indoor and outdoor gathering spaces, coworking offices and fiber internet. The property is located within the 33-acre North Hills Innovation District, part of Raleigh’s 165-acre North Hills mixed-use district. The new owners plan to implement operational changes and a …

October 15, 2026

Affordable Housing Development Massachusetts News Northeast

WinnCos., Arch Communities Complete $47M Mixed Income Development in Braintree, Massachusetts

by Lynn Peisner October 15, 2026

BRAINTREE, MASS. — Winn Cos. and development partner Arch Communities have completed The Eastwalk, a $47 million transit-oriented development in Braintree, 12 miles south of Boston. The five-story community offers 56 low-income, middle-income and market-rate units. Thirty units are rent restricted at 60 percent of area median income (AMI), and 16 of those units are eligible for low-income project-based rental assistance. Twenty units are considered workforce housing, reserved for households earning up to 120 percent of AMI. The remaining six units are being rented at market rates. The property was …

October 15, 2026

Affordable Housing California Finance Investment Sales News Western

Interstate Equities Buys Bay Area’s The Dylan for $83.5M

by Lynn Peisner October 14, 2026

HERCULES, CALIF. — Hercules Development Partners has sold The Dylan in Hercules, 24 miles north of San Francisco, to Interstate Equities Corp. for $83.5 million. JLL arranged the sale on behalf of the seller as well as a $54.3 million Freddie Mac acquisition loan for Los Altos, California-based Interstate Equities. Completed in 2022, The Dylan is a five-story community comprising 217 market-rate units and 15 affordable units. Rent restrictions were not disclosed. The property features studios, one- and two-bedrooms and a lounge with a community kitchen; a sports lounge with …

October 14, 2026

Finance News Southeast Virginia

Capital Square Lands $86.5M Refinancing for Richmond Development

by Lynn Peisner October 14, 2026

RICHMOND, VA. — Capital Square has obtained an $86.5 million bridge refinancing loan from an unnamed lender for Chasen, a 352-unit property completed in phases from 2025 to 2026 in the Scott’s Addition area of Richmond. Capital Square broke ground on the project in April 2023. Walker & Dunlop’s Alexandra Huffman, Justin Nelson, Andrew Tapley, PJ Feichtmeier, Eric Norris and Jared Diedrich arranged the financing. Chasen consists of three six- and seven-story residential buildings on about 2.5 acres. The community offers studio, one-, two- and three-bedroom units, 5,000 square feet …

October 14, 2026

Berkadia Investment Sales Midwest News Wisconsin

Berkadia Arranges Sale of Tivoli Green in Metro Milwaukee

by Lynn Peisner October 14, 2026

MOUNT PLEASANT — Berkadia has arranged the sale of and financing for Tivoli Green, a 458-unit luxury community in Mount Pleasant, 27 miles south of Milwaukee. The sales price was not disclosed, but Berkadia described the transaction as “one of the largest single-asset multifamily sales in the state’s history.” Wangard Partners was the seller, and the buyer is Illinois-based Santefort Real Estate Group. Wangard has been retained to provide third-party management services for the community. Pete Evans of Berkadia Chicago and Richard Evans of Berkadia Milwaukee led the transaction on …

October 14, 2026

Affordable Housing Development Finance News Northeast Washington, D.C.

Joint Venture Obtains $40M Loan for Office-to-Residential Conversion in Washington, D.C.’s West End

by Lynn Peisner October 13, 2026

WASHINGTON, D.C. — Jemal Real Estate Strategies (JRES), JLS Capital and DivcoWest have formed a joint venture to convert a 342,000-square-foot office building in D.C.’s West End into approximately 323 apartments, including about 36 affordable housing units. Madison Realty Capital has provided a $40 million loan to the development team to support the property’s acquisition and predevelopment costs. FILLAT+ Architecture is the architect, and CBG Building Co. is general contractor. JRES is a private investment platform founded by Norman Jemal, who is senior managing principal at Washington, D.C.-based Douglas Development, …

October 13, 2026

Berkadia Finance Florida Investment Sales News Southeast

Berkadia Arranges Acquisition and ReFi Loans Totaling $36.7M for Three Florida Deals

by Lynn Peisner October 13, 2026

FORT LAUDERDALE, FLA. — Berkadia has arranged three loans for Fort Lauderdale-based Rental Asset Management (RAM) for three Florida properties. RAM obtained a $10.3 million acquisition loan for RAM Four Hialeah, a 54-unit community in Hialeah that was completed in August. The firm also has refinanced two assets: The Devonshire (36) units in Miami Springs with a $3.24 million Freddie Mac loan and Summer Lake Villas in New Port Richey with a $23.2 million Freddie Mac loan. The Devonshire was developed in 1964, and Summer Lake Villas was built in …

October 13, 2026

Affordable Housing Development Finance News Southeast Virginia

Merchants Capital Arranges $97.8M for Renovation of Historic Virginia Affordable Housing Property

by Lynn Peisner October 13, 2026

NEWPORT NEWS, VA. — Seattle-based affordable housing developer Vitus has begun a $70 million rehabilitation of the 491-unit Stuart Gardens community in Newport News. Merchants Capital arranged $97.8 million in permanent and bridge financing for the project, including a $62.8 million HUD-insured loan and $35 million in equity bridge financing. Vitus will modernize the residences, which were constructed in 1941 and are listed on the Virginia Landmarks Register and the National Register of Historic Places. The community originally served as defense housing for military personnel and wartime workers. According to …

October 13, 2026

Midwest Minnesota News

Northmarq Arranges $50M Refinancing for Ardor on the Bluffs in Twin Cities Metro

by Lynn Peisner October 12, 2026

BLOOMINGTON, MINN. — Northmarq has arranged a $50 million bridge refinancing loan on behalf of Endres Holdings, owner of the 235-unit Ardor on the Bluffs located at 3701 American Blvd. E. in Bloomington, 11 miles south of Minneapolis. Dan Trebil headed up Northmarq’s Minneapolis-based debt and equity team. The lender was an unnamed insurance company. Completed in December 2024, Ardor on the Bluffs is a six-story luxury property that comprises studios, one- and two-bedroom units along with several lounges and party rooms, a pool, hot tub, fitness center and underground …

October 12, 2026

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