LAND O’ LAKES, FLA. — NexMetro has opened Avilla Silver Palm, a 180-home build-to-rent community in Land O’ Lakes, about 20 miles north of Tampa, Florida. This is NexMetro’s third Avilla Homes neighborhood in the greater Tampa market (the other two are Avilla Suncoast in Odessa and Avilla Cypress Creek in Sun City Center). Located at 11334 Zion Narrows Trail, Avilla Silver Palm sits on 26 acres and features mostly detached, single-level homes with private fenced backyards, front porches, optional garages and amenities such as a resort-style pool, outdoor lounge …
Lynn Peisner
Bayshore Investment Partners Acquires Metro Orlando BTR Development for $29.4M, Berkadia Arranges Acquisition Loan
ST. CLOUD, FLA. — Berkadia has arranged a $19.1 million loan for Miami-based Bayshore Investment Partners’ (BIP) acquisition of Ibis Park at Harmony West in St. Cloud, about 30 miles south of Orlando. Ibis Park at Harmony West is a 101-home build-to-rent community. Coral Gables, Florida-based BIP bought the property from D.R. Horton for $29.4 million. Brad Williamson, Kyle Ryan, Mitch Sinberg, Scott Wadler and Matt Robbins of Berkadia Miami arranged the five-year, fixed-rate loan. This is the fourth Florida BTR community BIP has acquired from D.R. Horton. The other …
CHARLOTTE, N.C. — Tishman Speyer has acquired Berkshire Dilworth, a 296-community in Charlotte. The purchase was completed with equity from a core-plus fund. The seller was Berkshire Residential. This marks the seventh acquisition by TS Plus fund which has raised $973 million to date. Previous fund acquisitions include industrial properties in Northern California and South Florida, as well as residential communities in Chicago, Dallas, Raleigh, North Carolina and Montclair, New Jersey. The Charlotte Business Journal reports the sale price was $76.3 million. The property was completed in 2016 and currently …
BRANSON, MO. — On July 28, an entity doing business as 200 Bee Creek LLC acquired Bee Creek Apartments in Branson for $26.3 million. The property, located at 200 Buzz St., features one- and two-bedroom units with in-unit washers and dryers and private patios or balconies. Amenities include a pool, barbecue and picnic areas, basketball court, fitness center, a clubhouse and a movie theater.
GALLATIN, TENN. — Thompson Thrift has announced plans to develop The Statesman, a 340-unit community in Gallatin, approximately 30 miles northeast of downtown Nashville. Situated on 25 acres, The Statesman will feature a mix of three-story, garden-style buildings and two-story buildings with private entrances. Floor plans will be offered in one-, two- and three-bedroom layouts. Units will feature granite countertops, smart home technology, stainless steel appliances and patio, balcony or private yard options. Detached garages and an Amazon package hub will also be available. Other amenities include a pool, 24-hour …
PORTLAND, ORE. — JLL has arranged a $40.5 million refinancing loan for The Payton, a 162-unit Class A property in Portland’s Lloyd District area. San Diego-based ColRich is the borrower/owner. Prime Finance was the lender. The Payton, 98 percent occupied as of August, is a seven-story mid-rise community built in 2019. Amenities include a 24-hour fitness center, bicycle storage, two outdoor decks with grilling areas, a clubhouse, wine lockers, electric car charging stations and underground parking. JLL’s team was led by Aldon Cole, Jimmy Conley, Brock Knapp, Sean O’Brien, Ben …
ROSEMONT, ILL. — Conor Commercial Real Estate has promoted Mike Fausone to vice president of development. Fausone joined Conor in 2021 as development manager and was subsequently promoted to senior development manager in 2024. Fausone will focus on expanding multifamily development in the Midwest. Conor is a real estate subsidiary of McShane Cos.
SUMNER, WASH. — Mesa West Capital has provided Timberlane Partners with a $52 million short-term, first-mortgage loan to refinance Sumner Mill Apartments, a 162-unit community in Sumner, about 40 miles south of Seattle. Timberlane developed Sumner Mill, opening the property in 2024. It is situated on approximately 4 acres and is comprised of studios, one- and two-bedroom units along with a pool, fitness center, clubhouse with a kitchen, conference room, package room, dog park, picnic area, electric vehicle chargers and rooftop solar panels. The financing was arranged by Jake Roberts …
GOLDEN, COLO. — Monarch Investment & Management Group has sold Fox Hill Apartments in Golden for $32 million. Sierra Parkway Communities was the buyer, and JLL arranged the transaction on behalf of Monarch, which owned Fox Hill for about 30 years. Located at 17611 W. 16th Ave., the community was built in 1972 and has averaged 96 percent occupancy since 2021. Jordan Robbins, Wick Kirby, Alex Possick and Seth Gallman headed up the JLL team.
VANCOUVER, WASH. — JLL has arranged a $42 million Fannie Mae refinancing loan for Portola Bridge Creek, a 270-unit, garden-style community in Vancouver. The borrower was Irvine, California-based SB Real Estate Partners, which has owned the property since 2022. Built in 1989, Portola Bridge Creek offers one-, two- and three-bedroom floor plans along with a pool with poolside grills, playground, dog parks, an automated Amazon package locker and a 24-hour fitness center. Charles Halladay, Rick Salinas and Elijah Lax led JLL’s team.