Author

Lynn Peisner

Alexander-Crossing-Yonkers
FinanceNew YorkNewsNortheast

Rose Associates, Battery Global Advisors Line Up $116 ReFi for Yonkers Property

by Lynn Peisner

YONKERS, N.Y. — Walker & Dunlop has arranged a $116 million Fannie Mae loan to refinance Alexander Crossing in Yonkers. Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Michael Ianno, Sean Bastian and Jack Krentzman arranged the five-year, fixed-rate loan for New York City-based Rose Associates and joint venture partner Battery Global Advisors, an asset manager headquartered in Boston. Alexander Crossing is a seven-story, 440-unit building comprised of studio through three-bedroom layouts, including 44 apartments designated affordable. Rent restrictions were not publicly available. The community is …

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Hunters-Crossing-Gainesville
FloridaInvestment SalesNewsSoutheast

Westlight Capital Buys Six-Property Florida Portfolio for $162 Million

by Lynn Peisner

GAINESVILLE, FLA. — Westlight Capital has acquired a six-property, 1,432-unit portfolio in Gainesville for $162 million. Jubeen Vaghefi and Denny St. Romain of CBRE represented the undisclosed seller and arranged the $162 million acquisition loan for Westlight. The private real estate investment firm was launched last year by Doug Faron. This portfolio sale marks the West Palm Beach, Florida-based company’s first acquisition.

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De-Soto-Los-Angeles
Affordable HousingCaliforniaDevelopmentNewsWestern

Meta Housing Corp., R.D. Olson Break Ground on $62 Million Affordable Housing Development in Los Angeles

by Lynn Peisner

LOS ANGELES — General contractor R.D. Olson Construction has broken ground on DeSoto, a $62 million affordable housing development in the Woodland Hills neighborhood of Los Angeles. Meta Housing Corp. is the developer. The project team also includes AC Martin (architect), Mark Beall and Associates (landscape architect), KE Engineering Corp. (civil engineer), TAD Engineering (mechanical engineer) and EB Structural Engineers (structural engineer). Construction of the seven-story building is slated for an early 2028 completion. The 207-unit LIHTC property will be built to achieve LEED certification. The developer has committed to …

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The-Martin-Austin
Affordable HousingDevelopmentNewsTexas

OHT Partners Breaks Ground on The Martin in Austin, Texas

by Lynn Peisner

AUSTIN, TEXAS — Locally based developer OHT Partners has broken ground on The Martin, a 375-unit community at 2730 E. 7th St. in Austin. The one- and two-bedroom units range from 550 to 1,400 square feet complemented by such amenities as a courtyard with two resort-style pools, a jumbotron and views of the downtown Austin skyline. The seventh floor will feature a fitness center with saunas and cold plunges. Additional amenities include multiple resident club spaces, a golf simulator, a karaoke and multimedia room, podcast rooms, a dog park and …

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Novel-Richland-Creek-Nashville
DevelopmentNewsSoutheastTennessee

Crescent Communities Closes on Land Sale for Retail-Adjacent Community in West Nashville

by Lynn Peisner

NASHVILLE, TENN. — Crescent Communities has closed on the land sale for the upcoming development of NOVEL Richland Creek, a 277-unit community to be built at the intersection of White Bridge Pike and Harding Road in the Lion’s Head Village shopping center, adjacent to a Trader Joe’s, in West Nashville. The Charlotte-based developer will deliver one-, two- and three-bedroom apartments and amenities such as a rooftop pool, a courtyard, a fitness center, coworking spaces and a private garden with a back porch and lawn. The ground floor will be home …

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The-Element-Reno
BerkadiaInvestment SalesNevadaNewsWestern

Berkadia Arranges $41 Million Sale of The Element Apartments in Reno, Nevada

by Lynn Peisner

RENO, NEV. — Berkadia has arranged the $41 million sale of The Element, a 206-unit garden-style apartment community in Reno. The seller was a private Los Angeles-based owner, and the buyer’s identity was kept private. The property was developed between 1975 and 1977. The Element offers one- and two- bedroom floor plans. Amenities include laundry facilities, a pool, a fitness center, a dog park and a grilling and picnic area. Jared Glover of Berkadia Nevada represented the seller.

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SilverLake-Apartment-Belleville
Investment SalesNew JerseyNewsNortheast

Klein Enterprises Sells Belleville, New Jersey, Asset for $80 Million

by Lynn Peisner

BELLEVILLE, N.J. — JLL has arranged the sale of and financing for SilverLake Apartments, a 232-unit community in Belleville, 15 miles northwest of Manhattan. The seller was Klein Enterprises, and the buyer was Sym Investments. The asset, built in 2021, traded for $80 million. JLL arranged a $56 million Freddie Mac acquisition loan for Sym. SilverLake comprises two five-story buildings with a mix of studios, one- and two-bedroom units and 17,024 square feet of commercial space that is 100 percent leased. Seventy-one percent of the retail space is occupied by …

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Retreat-at-Speedway-Tucson
ArizonaInvestment SalesNewsWestern

Bascom Group Acquires Tucson Value-Add Asset for $53.4 Million

by Lynn Peisner

TUCSON, ARIZ. — Bascom Arizona Ventures, an affiliate of Irvine, California-based The Bascom Group, has acquired The Retreat at Speedway in Tucson for $53.4 million via a value-add investment fund. The seller was Wiedner Apartment Homes. IPA arranged the deal on behalf of Wiedner as well as a loan from BrightSpire Capital Acquisitions LLC. Arizona-based property manager Bryten Real Estate Partners will manage the property. Built in 2001, the two-story Retreat at Speedway is comprised of one- and two-bedroom floor plans and amenities such as a pool, hot tub, fitness …

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Woven-Greenville
Affordable HousingDevelopmentFinanceNewsSouth CarolinaSoutheast

Woodfield, FRP Secure Financing, Launch Construction of Mixed-Use Project in West Greenville

by Lynn Peisner

GREENVILLE, S.C. — FRP Development Corp. and Woodfield Development are underway with construction of Woven, a mixed-use project in the Village of West Greenville. Known locally as simply The Village, this neighborhood is home to some of the city’s historic mills and has been redeveloping since the early 2000s into an arts, small-business and entertainment area. Woven, located at 1279 Pendleton St., will anchor the western edge of the neighborhood and will include 214 one-, two- and three-bedroom units offered at market and affordable rates. Specific affordable restrictions were not …

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Triton-Glen-Richmond
BerkadiaInvestment SalesNewsSoutheastVirginia

Silver Hills Sells Richmond, Virginia, Property for $65 Million

by Lynn Peisner

RICHMOND, VA. — Triton Glen, a newly developed 250-unit property in the Innsbrook submarket of Richmond, has traded for $65 million. Berkadia brokered the deal on behalf of the seller, Silver Hills, and arranged a $42 million Freddie Mac acquisition loan for the buyer, Charlottesville, Virginia-based Seminole Trail Management. Silver Hills developed the asset in 2024. Berkadia’s investment sales team was led by Drew White, Carter Wood and Cole Carns of Berkadia Richmond, while Patrick McGlohn, Brian Gould, Hunter Wood, Patrick Cunningham and Mac Ritchie of Berkadia DC Metro arranged …

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