Author

Lynn Peisner

Normandy-Cove-Jacksonville
Affordable HousingDevelopmentFloridaNewsSoutheast

Housing Trust Group Breaks Ground on Normandy Cove in Jacksonville, Florida

by Lynn Peisner

JACKSONVILLE, FLA. — Housing Trust Group (HTG) has secured financing and begun construction of Normandy Cove, a 144-unit affordable housing community in the Westside area of Jacksonville. Apartments will be reserved for income-qualifying renters earning up to 30, 60 and 70 percent of area median income, with monthly asking rents ranging from $470 to $1,716. Half of Normandy Cove’s units will be specifically for active-duty military members and veterans, including some units solely for veterans experiencing homelessness. HTG is partnering with local organizations Hope4Veterans and I.M. Sulzebacher Center for the …

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Northwood-New-Braunfels
Investment SalesNewsTexas

PCC Buys Northwood Apartments in Metro San Antonio

by Lynn Peisner

NEW BRAUNFELS, TEXAS — Denver-based Platte Canyon Capital (PCC) has acquired Northwood Apartments, a 252-unit community in the New Braunfels submarket of San Antonio. The property was purchased from the original developer, which owned the asset since it was constructed in 1998. A second phase was built in 2017. This is PCC’s second acquisition in the San Antonio market with an undisclosed Los Angeles-based investment manager. The two entities are aiming to invest $100 million of equity in multifamily acquisitions. In 2025, the partners bought the 268-unit Allure Apartments in …

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Trails-Edge-west-bend
Investment SalesMidwestNewsWisconsin

CBRE Arranges Sale of Trail’s Edge in West Bend, Wisconsin

by Lynn Peisner

WEST BEND, WIS. — CBRE has arranged the sale of Trail’s Edge Apartments, a 120-unit property in West Bend, about 40 miles north of Milwaukee. Wisconsin Lakefront Property Management LLC acquired the asset for an undisclosed price from an affiliate of American Construction Services, the property’s original developer, which completed Trail’s Edge in 2022. CBRE’s Sean Beuche, Matson Holbrook and Gretchen Richards represented the seller in the transaction. The property features one‑and two‑bedroom floor plans and such amenities as a fitness center, gazebo, picnic area, a community room, keyless building …

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Jay-Sawmiller
Industry VoicesOperations

Essential Strategies for Managing Liability Claims in Multifamily and Mixed-Income Housing

by Lynn Peisner

By Jay Sawmiller For multifamily and mixed-income housing owners and operators, liability claims are no longer rare, isolated events — they’re a growing operational challenge. From tenant injuries and environmental hazards to cyber incidents and employment-related liability exposures, a wide spectrum of risks is surfacing that can threaten financial stability and reputational standing. The stakes are especially high for developers, owners and operators managing affordable housing, where tighter budgets and regulatory scrutiny demand more robust risk management. Liability losses from premises-related injuries can vary, with some claims escalating into six- …

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Albion-Lawrenceville-Pittsburgh
DevelopmentNewsNortheastPennsylvania

Albion Residential Completes Pittsburgh Development

by Lynn Peisner

PITTSBURGH — Albion Residential has completed and opened Albion Lawrenceville, a 267-unit community in Pittsburgh’s Upper Lawrenceville neighborhood. The six-story property is comprised of studios, one- and two-bedroom units and 5,700 square feet of retail space. Amenities include a fitness center with boxing equipment, weights and a yoga studio; an arcade-game room with a bar; a rooftop terrace with lounge seating, grills and a fire pit; and a courtyard. Initial resident move-ins began in March. The architect was Harthorne and Plunkard, and First National Bank along with First Commonwealth Bank …

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Charleston-Ridge-New-Port-Richey
DevelopmentFloridaNewsSoutheast

Dobbins Group Breaks Ground on Charleston Ridge in New Port Richey, Florida

by Lynn Peisner

NEW PORT RICHEY, FLA. — Dobbins Group has broken ground on Charleston Ridge Apartments, a 230-unit community in New Port Richey, approximately 37 miles northwest of Tampa, Florida. Capstone Building Corp. is the general contractor. Charleston Ridge will feature six two-bedroom townhomes above 10,000 square feet of commercial space and four four-story apartment buildings with 224 units. Amenities include a clubhouse, fitness center, lounge, tenant market, pool, electric vehicle charging stations and community-wide Wi-Fi. Completion is slated for 2027. Headquartered in Birmingham, Alabama, Dobbins Group is a multifamily investment and …

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Twelve03-Charlotte
Affordable HousingDevelopmentNewsNorth CarolinaSoutheast

The Fallon Co. Secures $100.5M in Construction Financing for Twelve03 at Centre South in Charlotte

by Lynn Peisner

CHARLOTTE, N.C. — JLL has arranged $100.5 million in debt and equity for the construction of Twelve03 at Centre South, a 329-unit mixed-income community in Charlotte. Boston-based The Fallon Co. is the developer and borrower. The debt was secured through TD Bank, while RXR Realty Investments was the equity source. JLL’s Taylor Allison, Alexis Kaiser and Ryan Mueller handled the transaction. Led by The Fallon Co. in partnership with Charlotte-based Inlivian, Twelve03 is the first phase of Centre South, a $500 million, 16.7-acre mixed-use development. When complete, the project will …

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Leena-Ocala-Florida
DevelopmentFinanceFloridaNewsSoutheast

Merrimac Ventures Secures $62.5M to Construct Leena Ocala

by Lynn Peisner

OCALA, FLA. — Merrimac Ventures and Southern Waters Capital have secured $62.5 million in construction financing from ACORE CAPITAL to fund development of Leena Ocala, a 360-unit community in Ocala. Located on a 36-acre site at SW 60th Ave. and SW 52nd St., the project will include 300 garden-style apartments across multiple three-story buildings, along with 60 two-story townhome residences. Amenities include multiple walking trails, neighborhood parks, landscaped open areas, a dog park and pickleball courts. A central clubhouse will feature a fitness center and resort-style pool, along with a …

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James-Crowder-TruAmerica
Affordable HousingCompany NewsNewsPeople News

James Crowder to Lead Affordable Housing Investment and Development for TruAmerica Multifamily

by Lynn Peisner

LOS ANGELES — TruAmerica Multifamily has appointed James Crowder as managing director of affordable housing. In this role, Crowder will lead the firm’s affordable housing acquisitions, development and preservation initiatives. Often referred to as “Capital A” affordable housing, TruAmerica’s investment strategy focuses on income-restricted rental housing backed by state and federal tax credit programs, including the Low-Income Housing Tax Credit (LIHTC) program. Prior to joining TruAmerica, Crowder served as vice president of acquisitions and asset management at CCI, where he led investment strategy and portfolio performance. He previously held senior roles …

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David-Beare-Trilogy
Build-to-RentCompany NewsNewsPeople News

Trilogy Investment Co. Promotes David Beare to Chief Investment Officer

by Lynn Peisner

ATLANTA — Trilogy Investment Co. has promoted David Beare to chief investment officer. Beare joined the firm in 2024 as managing director of structured credit and investments. In his new role, he will oversee investment strategy and capital deployment across Trilogy’s portfolio, with a focus on sourcing new opportunities and partnerships. Prior to joining the company, Beare co-founded ARK Residential, a New York-based build-to-rent (BTR) investment and development firm. Trilogy Investment Co. was founded in 2021 and develops BTR and for-sale, single-family-home communities.

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