Author

Lynn Peisner

Ashton-Oaks-Tampa
Build-to-RentDevelopmentFloridaNewsSoutheast

Crescent Communities, Heitman Break Ground on BTR Project in North Tampa Bay

by Lynn Peisner

TAMPA, FLA. — Crescent Communities has broken ground on HARMON Ashton Oaks in Tampa, marking the sixth and final collaboration of the first round of joint-venture developments with Heitman. The 115-unit townhome community is in the Wesley Chapel neighborhood of the Tampa metro region. Set across 28 acres at the intersection of State Road 54 and Ashton Oaks Boulevard, HARMON Ashton Oaks will be complete later this year. The community consists of three- and four-bedroom, two-story townhomes averaging approximately 1,800 square feet. Amenities include a resort-style pool with cabanas and …

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Ascent-at-Hover-Longmont
Affordable HousingColoradoDevelopmentNewsWestern

Pennrose Opens Affordable Housing Community in Longmont, Colorado

by Lynn Peisner

LONGMONT, COLO. — Pennrose and Longmont Housing Authority (LHA) have completed the $39 million Ascent at Hover Crossing, a 75-unit affordable housing community with an early childhood education center in Longmont. Ascent at Hover Crossing was designed with families and children in mind, offering a mix of one-, two-, three- and four-bedroom units across two buildings. The apartments are available for a variety of incomes, with units ranging from 30 to 80 percent of area median income, which equates to an annual salary of approximately $31,650 to $84,400 for a …

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Jules-Los-Angeles
CaliforniaDevelopmentNewsWestern

High Street Residential Breaks Ground on 281-Unit Jules in Los Angeles

by Lynn Peisner

LOS ANGELES — High Street Residential, a subsidiary of Trammell Crow Co., and joint venture partner Haseko North America, has broken ground on Jules San Pedro. Located in the San Pedro Waterfront Arts District in Los Angeles, the development will be comprised of 281 apartments and 1,276 square feet of ground-floor retail space. The eight-story community, designed by KFA Architecture, will offer a mix of studio, one- and two-bedroom residences. The project’s amenity program is centered around its rooftop, which includes a lounge and deck with harbor views. The property …

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Brookside-at-NoDa-Charlotte
DevelopmentNewsNorth CarolinaSoutheast

RangeWater to Break Ground on 316-Unit Charlotte Property

by Lynn Peisner

CHARLOTTE, N.C. — RangeWater Real Estate and equity partner ParkProperty Capital plan to break ground in late March on an unnamed project in the NoDa (North Davidson) area of Charlotte. First move-ins are slated for completion by 2027. RangeWater’s in-house contractor RangeWater Construction will serve as builder, marking the subsidiary’s fifth overall project and its first in North Carolina. The 16.7-acre site at 200 Atando Ave. will be home to 316 studio through three-bedroom units and amenities such as a pool courtyard with outdoor dining and grilling areas, a flexible …

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Parkway-Townhomes-Henderson
Affordable HousingInvestment SalesNewsNortheastSoutheastTexasWestern

TruAmerica Closes $708M Workforce Housing Fund

by Lynn Peisner

LOS ANGELES — TruAmerica Multifamily has raised $708 million from investors that is being used to acquire $2 billion worth of workforce housing. Approximately $320 million has already been invested via the acquisition of 14 properties in nine cities. TruAmerica Workforce Housing Fund II will be used to buy Class B communities near major central business districts in markets that demonstrate supply-demand imbalances and limited inventory of attainable rental housing, according to the company. Target markets are located in the Southeast, Northeast, West Coast, Mountain West and throughout the Sun …

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The-Corwyn-South-Point-McDonough
GeorgiaInvestment SalesNewsSoutheast

ECI Group Sells 260-Unit Corwyn South in Metro Atlanta

by Lynn Peisner

MCDONOUGH, GA. — ECI Group has sold The Corwyn South Point Apartments in McDonough, 30 miles southeast of Atlanta, to Morgan Properties. Monthly asking rents for the one- to three-bedroom units range from $1,463 to $3,567, according to Apartments.com. Newmark’s David Gutting represented ECI Group in the transaction. Corwyn South Point residents have access to a 2,000-square-foot clubhouse with a kitchen; a fitness center with a yoga/spin room; a lounge with fireplace, TV and media center; a dog park; resort-style pool; and grilling and fire pit areas. Conshohocken, Pennsylvania-based Morgan …

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Highline Vista Residential Partners
ColoradoInvestment SalesNewsWestern

Vista Residential to Break Ground on 172-Unit Development in Littleton, Colorado

by Lynn Peisner

LITTLETON, COLO. — Vista Residential Partners is planning to break ground later this year on Highline Vista, a four-story, 172-unit, garden-style property on 5.6 acres in Littleton. Highline Vista will offer a mix of studio, one-, two- and three-bedroom residences. Amenities include a 3,500-square-foot clubhouse with fitness and business centers, a resort-style pool with cabanas and grilling areas, multiple outdoor pavilions and a community park. The development is being designed by Rosemann Architects, with Apex Multifamily Construction, a Vista affiliate, serving as general contractor. Construction begins in August, with completion slated …

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Mark-Washington-Walker-Dunlop
Company NewsIdahoInvestment SalesNewsOregonWashingtonWestern

Walker & Dunlop Hires Mark Washington to Lead Pacific Northwest Multifamily Sales

by Lynn Peisner

SEATTLE — Walker & Dunlop has hired Mark Washington as managing director of capital markets, multifamily investment sales. Washington will be based in Seattle and will lead multifamily sales across the Pacific Northwest. Prior to joining Walker & Dunlop, Washington served as an executive vice president with CBRE’s capital markets team in the Pacific Northwest, where he focused on institutional multifamily investment sales. Earlier in his career, he held roles at Eastdil Secured, JLL and TH Real Estate, advising clients on complex asset transactions and portfolio strategies.

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Northpoint-on-Jarvis-Creek-Hilton-Head
Affordable HousingDevelopmentNewsSouth CarolinaSoutheast

CF Evans Construction Breaks Ground on Hilton Head Workforce Project

by Lynn Peisner

HILTON HEAD, S.C. — CF Evans Construction has broken ground on Northpoint on Jarvis Creek, a 157-unit workforce housing project on Hilton Head Island. The Town of Hilton Head Island, OneStreet Residential and Royal Bank of Canada Community Investments (RBC-CI) are leading the public-private development team. Under the terms of the partnership, the Town provides: a 65-year ground lease; $1 million to support eligible site work with contributions secured from the American Rescue Plan Fund; affordability covenants to maintain a workforce neighborhood in perpetuity; zoning entitlements; and long-term programming support. …

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Lymestone-Ranch-New-Smyrna-Beach
FinanceFloridaNewsSoutheast

Advenir Azora Secures $24.4M Refinancing for Florida Property

by Lynn Peisner

NEW SMYRNA BEACH, FLA. — Florida-based investment firm Advenir Azora has obtained a loan provided by Balbec Capital for approximately $24.4 million to refinance Lymestone Ranch in New Smyrna Beach. Jesse Wright, Joshua Odessky, Luke Maganas and Duncan Miller of JLL Capital Markets arranged the financing. Lymestone Ranch, located about 50 miles northeast of Orlando, was developed in 2004 on approximately 19 acres. The property features 216 one-, two- and three-bedroom units and amenity highlights that include a fitness center, a pool, clubhouse and a business center.

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