Author

Lynn Peisner

Kent-Austin
Investment SalesNewsTexas

HPI Breaks Ground on The Kent in Austin, Texas

by Lynn Peisner

AUSTIN, TEXAS — Locally based HPI Real Estate Services and Investments has broken ground on The Kent, a 396-unit development in North Austin. The general contractor is OHT Partners, the architect is Belshaw Mulholland Architects, and Ellie Aiello Interiors is the interior designer. Greystar will manage the property. Completion of the seven-story community is slated for mid-2029. HPI is investing approximately $20 million of its own capital in The Kent, alongside a group of private investors. The total project cost was not disclosed.

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1219-Yonkers
DevelopmentInvestment SalesNew YorkNewsNortheast

Stagg Group Buys Land for 266-Unit Mixed-Use Development in Yonkers, New York

by Lynn Peisner

YONKERS, N.Y.  — CBRE has arranged a land sale at 1219 Yonkers Ave. for a future multifamily development. A joint venture of Aubrey Capital and Empire General Contracting sold the parcel to Stagg Group for $9.5 million. The CBRE team of William V. Cuddy Jr. and Jacqueline Novotny marketed the site and represented Aubrey Capital in the negotiations. The property is already entitled for a 19-story, 412,866-square-foot mixed-use building comprised of 266 multifamily units, 1,600 square feet of retail space, approximately 16,000 square feet of amenity space and 278 parking …

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Seasons-at-Horsetooth-Crossing-Fort-Collins
ColoradoInvestment SalesNewsWestern

The Rainier Cos. Sells Property Near Colorado State University for $62.7M

by Lynn Peisner

FORT COLLINS, COLO. — JLL has arranged the $62.7 million sale of Seasons at Horsetooth Crossing in Fort Collins as well as a $38.8 million Freddie Mac acquisition loan for the buyer, which was a Hamilton Zanze-sponsored Delaware Statutory Trust. The seller was The Rainier Cos. Seasons at Horsetooth Crossing, located about three miles south of Colorado State University, is a 208-unit garden-style property consisting of 26 two-story buildings with one-, two- and three-bedroom units. Amenities include a clubhouse, fitness center, pool, business center, courtyard, grills and bike storage.

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Cascadia-at-Fairwood-Landing-Renton
Investment SalesNewsWashingtonWestern

Sack Capital Partners Sells Cascadia at Fairwood Landing for $47.5M

by Lynn Peisner

RENTON, WASH. — Sack Capital Partners has sold Cascadia at Fairwood Landing, a 195-unit community in the Fairwood neighborhood of Renton, to Bridge Partners for $47.5 million. Institutional Property Advisors (IPA) represented the seller and procured the buyer. Built in 1981 and renovated in 2025, Cascadia at Fairwood Landing is a two- and three-story garden-style property with 15 residential buildings, a seasonal outdoor pool, fitness center, and a new outdoor pagoda with barbecue stations and seating. The unit mix of one-, two- and four-bedroom apartments averages 795 square feet. Every …

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Casa-Princeton-Homestead
BerkadiaDevelopmentFinanceFloridaNewsSoutheast

Berkadia Arranges $35M Construction Loan for Third Phase of Metro Miami’s Casa Princeton

by Lynn Peisner

HOMESTEAD, FLA. — Berkadia has arranged a $35 million construction loan for the third phase of development of Casa Princeton, a 162-unit, eight-story community in the South Miami-Dade County neighborhood of Princeton. The project marks the final phase of the Casa Princeton master-planned community, which encompasses 374 units. Completion of Phase III is slated for early 2028. Charles Foschini, Christopher Apone, Shannon Wilson and Lourdes Carranza-Alvarez of Berkadia Miami arranged the financing on behalf of the developer, Aconcagua Group. S3 Capital was the lender. Located at 12867 SW 248th St., …

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The-Katy-Denison
DevelopmentNewsTexas

2GR Equity Breaks Ground on The Katy at Waterloo Trails in Denison, Texas

by Lynn Peisner

DENISON, TEXAS — 2GR Equity has partnered with Preston Forrest Capital and Cross Development to build a 236-unit multifamily development in Denison, 75 miles north of Dallas. Located at the southeast corner of U.S. Highway 75 and W. Crawford Street, The Katy at Waterloo Trails will be part of Waterloo Trails, a 30-acre, master-planned, mixed-use development that, upon buildout, will include retail, restaurants, hotels and approximately 2.3 miles of hiking and biking trails. Preston Forrest Capital is the master developer of the larger project, with completion slated roughly for 2031. Construction …

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Springs-Oswego
IllinoisInvestment SalesMidwestNews

JVM Acquires 280-Unit Community in Oswego, Illinois

by Lynn Peisner

OSWEGO, Ill. — JVM Realty Corp. has acquired Springs at Oswego, a 280-unit luxury community in Oswego, 48 miles west of Chicago. The asset was purchased from Continental Properties and brokered by Cushman & Wakefield. JVM Realty has rebranded the property from Springs at Oswego to Trillium at Oswego. The purchase price was not disclosed. Located at 801 Fifth Street, the gated community was completed in 2019 and features townhome-style design across two-story residential buildings. The property offers studio, one-, two- and three-bedroom floor plans. Amenities include a heated pool, …

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Elara-Astoria
Affordable HousingDevelopmentFinanceNew YorkNewsNortheast

Domain Secures $175.6M for Mixed-Income Development in Queens

by Lynn Peisner

NEW YORK CITY — The Domain Cos. has obtained a $175.6 million loan through Wells Fargo for a mixed-income development in Astoria, Queens, called Elara. Domain’s equity partners on the deal are Canyon Partners Real Estate and BLDG Management. The financing was arranged by Chris Peck and Nicco Lupo of JLL. The 429-unit project includes an 18-story building with 330 apartments called Elara East and a 12-story building with 99 apartments named Elara West. Twenty-five percent of the units will be affordable. Income caps were not disclosed. Completion of Elara …

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Keys
FeaturesLeasing & MarketingOperations

Five Keys to Boosting Lease Renewals

by Lynn Peisner

When rent growth is slow, property managers reset priorities. In 2025, rent growth was essentially flat. One reliable third-party source (Yardi Matrix) reported that U.S. multifamily advertised rents ended 2025 with zero percent year-over-year growth, while another data provider (brokerage giant Cushman & Wakefield) reported a 1.1 percent annual increase in asking rents nationally. The first half of 2026 seems to be more of the same, with Yardi measuring 1 percent rent growth.  In the absence of record-breaking rent hikes — 15.3 percent at the start of 2022, per RealPage …

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The-Pearl-Charlotte
DevelopmentFinanceNewsNorth CarolinaSoutheast

GMH-led JV Secures $114.2M Construction Loan for Charlotte High-Rise

by Lynn Peisner

CHARLOTTE, N.C. — JLL has arranged a $114.2 million construction loan for ANOVA The Pearl, a 20-story, 382-unit unit high-rise under construction in Charlotte. GMH Communities, AEW Capital Management and Wexford Science & Technology broke ground in spring of this year. Completion is slated for 2028. The lender was Santander Bank. ANOVA The Pearl will feature studio, one-, two- and three-bedroom units complemented by 6,621 square feet of ground-floor retail, a fitness center, resort-style pool, rooftop lounge, golf simulator and coworking space. The development is located within The Pearl, a …

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