Author

Lynn Peisner

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 …

Continue Reading
0 FacebookTwitterLinkedinEmail
Ashford-Geneva
IllinoisInvestment SalesMidwestNews

Equus Capital Partners Buys 226-Unit Property in Geneva, Illinois

by Lynn Peisner

GENEVA, ILL. — Equus Capital Partners has acquired Ashford at Geneva, a 226-unit community in Geneva. The property was acquired on behalf of a joint venture with a U.S.-based public pension plan. Ashford was approximately 97 percent occupied at the time of acquisition and comprises one- and two-bedroom units averaging 962 square feet. Community amenities include a clubhouse, fitness center, pool, business center, outdoor gathering spaces, grilling areas and a dog park. The property will undergo an improvement program focused on apartment interiors, common areas and select exterior upgrades. Madison …

Continue Reading
0 FacebookTwitterLinkedinEmail
Indigo-19-Virginia-Beach
Investment SalesNewsSoutheastVirginia

PXV Buys Indigo 19 in Virginia Beach

by Lynn Peisner

VIRGINIA BEACH, VA. — PXV Multifamily has acquired Indigo 19, a 196-unit community in Virginia Beach. PXV is backed by Houston-based BroadVail Capital Partners and aims to acquire $2 billion in multifamily assets over the next three years, according to the company. The seller and sales price were not disclosed. Indigo 19, built in 2013, was acquired in a joint venture with funds managed by Intercontinental Real Estate Corp. Amenities include a resort-style pool, two-story clubhouse, fitness center, business center and landscaped courtyards. PXV is planning updates, including new exterior …

Continue Reading
0 FacebookTwitterLinkedinEmail
Pavilion-Village-Charlotte
Investment SalesNewsNorth CarolinaSoutheast

Hamilton Point Investments Acquires Pavilion Village in Charlotte for $56.8M

by Lynn Peisner

CHARLOTTE, N.C. — Chicago-based Pearlmark and Montana-based BCAP Properties have sold Pavilion Village, a 294-unit property in Northeast Charlotte to Hamilton Point Investments for approximately $56.8 million. JLL’s John Gavigan, John Mikels, Ben Bury, Chase Monroe and McCullough Campbell represented the seller. Pavilion Village was built in 2015 and is made up of one-, two- and three-bedroom units averaging 910 square feet. Amenities at the 26-acre property include a clubhouse, resort-style pool, fitness center, business center and a dog park. Parking is available in a mix of surface spaces and …

Continue Reading
0 FacebookTwitterLinkedinEmail
University-Gardens-Riverside
CaliforniaInvestment SalesNewsWestern

Kidder Mathews Brokers $21.8M, Two-Property Inland Empire Sale

by Lynn Peisner

RIVERSIDE, CALIF. — Kidder Mathews has arranged the $21.8 million sale of two adjacent properties totaling 113 units in Riverside. Neither buyer nor seller was identified. The transaction included University Gardens, a 25-unit property at 1480 Seventh St., and Normandy Apartments, an 88-unit complex at 3681–3725 Cranford Ave. comprising two side-by-side, 44-unit buildings. Both properties feature pools. Jon Mitchell, based at Kidder Mathews’ Orange County office, represented the seller.

Continue Reading
0 FacebookTwitterLinkedinEmail
Arbor-South-Ann-Arbor
Affordable HousingDevelopmentMichiganMidwestNews

Michigan Approves $651M Ann Arbor Mixed-Income Project

by Lynn Peisner

ANN ARBOR, MICH. — Oxford Cos. and Crawford Hoying have received final approval from the Michigan Strategic Fund Board for Arbor South, a mixed-use redevelopment project covering approximately 20 acres on the south side of Ann Arbor. The project cost is estimated at $651 million. Arbor South, a brownfield development, is expected to include 1,069 residential units and encompass more than 2.2 million square feet. Plans call for predominantly rental apartments as well as a small for-sale component. Detailed city plans include 30 condominium units and 209 permanently affordable apartments …

Continue Reading
0 FacebookTwitterLinkedinEmail
Stephen-Lohr
Architecture & DesignDevelopmentIndustry Voices

Research Uncovers a few Surprises about Today’s Renter

by Lynn Peisner

By Stephen Lohr Developers and property managers are navigating a multifamily landscape that looks much different than it did a decade ago. Affordability challenges are redefining priorities, and hybrid work styles are reshaping lifestyles. To meet the needs of residents, developers and owners must understand this transforming market and the renter priorities that drive it. The Residency Reshaped report is a joint effort by Dallas-based architecture firm Corgan and Hugo, the name given to the firm’s multifamily residential practice. The report provides a data-driven framework to help stakeholders better understand …

Continue Reading
0 FacebookTwitterLinkedinEmail
230-West-Alabama-Houston
BerkadiaInvestment SalesNewsTexas

Fat Property Buys Two 1960s Apartment Buildings in Midtown Houston

by Lynn Peisner

HOUSTON — Berkadia has arranged a two-property sale in Midtown Houston. The communities, 220 and 230 West Alabama, comprise 131 units. The buyer was locally based Fat Property. Berkadia’s Houston-based team of Kyle Whitney, Chris Curry, Jeffrey Skipworth, Chris Young, Joey Rippel and Tucker Fama represented the seller, an affiliate of Culver City, California-based Realty Center Management Inc. Built in 1960 and 1965 respectively, 220 and 230 West offer studio, one- and two-bedroom apartments as well as pools, fitness centers and pet amenities.

Continue Reading
0 FacebookTwitterLinkedinEmail
Caroline-Pompano-Beach jpg
DevelopmentFloridaLeasing & MarketingNewsSoutheast

Morgan, Carlyle Complete Caroline in Pompano Beach, Florida

by Lynn Peisner

POMPANO BEACH, FLA. — Morgan and Carlyle have opened Caroline Pompano Beach, a 352-unit community at 1200 NE 23rd St. within Pompano Citi Centre, an open-air lifestyle retail center in Pompano Beach. The project was a redevelopment of a former Macy’s department store. Caroline Pompano Beach includes eight four-story residential buildings housing studios, one-, two- and three-bedroom units. Amenities feature a coworking lounge with private offices, a conference room and work pods; a coffee bar; a clubhouse with catering kitchen, billiards table and television lounge; and a fitness center; resort-style …

Continue Reading
0 FacebookTwitterLinkedinEmail
Wellstead-at-Kinderton-Bermuda-Run
Build-to-RentDevelopmentNewsNorth CarolinaSoutheast

Canvas Residential, Kelley Properties to Develop Build-to-Rent Community Near Winston-Salem, North Carolina

by Lynn Peisner

BERMUDA RUN, N.C. — Canvas Residential Partners and Kelley Properties have broken ground on Wellstead at Kinderton Farms, a 141-home build-to-rent community in Bermuda Run approximately 15 miles southwest of Winston-Salem. The community will feature a mix of rental townhomes and detached single-family homes. Townhomes will range from 1,200 to 1,700 square feet, from two to four bedrooms. Some townhomes will include a private backyard. Single-family homes will range from 1,900 to 2,100 square feet with four bedrooms and two-car garages. First units are slated for completion in spring 2028.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2026 France Publications, dba France Media Inc.