Author

Lynn Peisner

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FeaturesOperationsTechnology

Is Your Internet Ready for the Next Generation of Renters?

by Lynn Peisner

By Nellie Day For nearly all renters, Wi-Fi, that four-letter word, has evolved from a nice-to-have perk into a necessity. “Wi-Fi is now treated like the fourth utility,’” says Taylor Jones, co-founder, president and chief technology officer of Elauwit Connection. The other three vital services, of course, are electricity, water and gas. “It is as essential as hot running water,” adds Sandy Jack, vice president of strategic relations, multifamily, at Vingcard and Nomadix, two brands that fall under parent company ASSA ABLOY Global Solutions. Jack views Wi-Fi as such for good …

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DevelopmentNewsSouth CarolinaSoutheast

Woodfield Begins Second Phase at South Carolina’s Downtown Nexton

by Lynn Peisner

SUMMERVILLE, S.C. — Woodfield Development and PGIM have begun construction of Nexton Townhomes, a 114-unit build-to-rent community that comprises the second phase of the developers’ Radler project in Summerville. Both communities are located in Downtown Nexton, a 4,500-acre master-planned development located approximately 25 miles northwest of Charleston along the I-26 corridor. Designed for walkability, Nexton includes residential neighborhoods, approximately 100,000 square feet of dining and retail space, commercial and office development and a network of parks and trails. At full buildout, expected to occur approximately within the next five to …

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Investment SalesNewsTexas

Mill Creek Residential Sells Ardan West Village in Uptown Dallas

by Lynn Peisner

DALLAS — Institutional Property Advisors (IPA) has arranged the sale of Ardan West Village, a 389-unit property at 2975 Blackburn St. in the pedestrian-friendly West Village shopping and dining district in the Uptown area of Dallas. IPA’s Joey Tumminello, Drew Kile, Michael Ware, Taylor Hill and Cameron Purse represented the seller, Mill Creek Residential, and procured the buyer, Knightvest. Ardan West Village is comprised of one- and two-bedroom floor plans and amenities such as a resort-style pool, coworking lounge and a controlled-access parking garage. The Cityplace/Uptown Dallas Area Rapid Transit …

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IllinoisInvestment SalesMidwestNews

Interra Brokers Sale of Two-Property Portfolio in Chicago for $5.1M

by Lynn Peisner

CHICAGO — Interra Realty’s Jeremy Morton has arranged the $5.1 million sale of 2156 and 2158 W 21st St. in Chicago’s Pilsen neighborhood. Neither party to the transaction was named. The two-property portfolio includes 24 units. Both buildings were constructed in 1893. Units were renovated in 2023, at which time quartz countertops, stainless steel appliances, updated bathrooms and in-unit washers and dryers were installed.

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CaliforniaDevelopmentNewsWestern

Mill Creek Residential Breaks Ground on Modera Neptune in Oceanside, California

by Lynn Peisner

OCEANSIDE, CALIF. — Mill Creek Residential has broken ground on Modera Neptune, a 359-unit mid-rise in Oceanside. Modera Neptune will be comprised of one- and two-bedroom units ranging from 700 to 1,451 square feet, with some units featuring dens. Amenities will include a rooftop resort-style pool and deck with a hot tub and a wellness spa with a steam room, sauna and red light therapy room. An outdoor kitchen will be complemented by a dining and grilling area and fire pit. The property also will feature a clubroom, game room, …

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Investment SalesNewsTexas

Trinsic Residential Group Sells Aura Avant in Lewisville, Texas

by Lynn Peisner

LEWISVILLE, TEXAS — Newmark has arranged the sale of Aura Avant, a 300-unit community in the northwest Dallas suburb of Lewisville. Newmark’s Brian O’Boyle Jr., Brian Murphy and Richard Furr represented the seller, Dallas-based Trinsic Residential Group, in the transaction. The buyer was Cameron Brothers, a San Diego-based, family-owned real estate firm. Aura Avant was completed in 2024 and was 92 percent occupied at the time of sale. The property features a clubhouse, a pool, fitness center, outdoor kitchen, a rooftop deck, pet-friendly features and a 24-hour package room.

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Company NewsFloridaNewsPeople News

Portman Hires Ian Slavin to Lead Florida Development

by Lynn Peisner

BOCA RATON, FLA. — National developer Portman has hired Ian Slavin as vice president of residential development. Slavin, based in Boca Raton, will identify and execute multifamily opportunities in Florida markets and oversee residential development operations and strategy across the state, including a 397-unit project at 2400 East Atlantic Blvd. in Pompano Beach that begins later this year. Before joining Atlanta-based Portman, Slavin most recently served as principal at consulting firm MIVO Development Group. Prior to that, he was development manager at Encore Capital Management.

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IllinoisInvestment SalesMidwestNews

Eastham Capital, Bender Cos. Acquire Flats at Gladstone in Metro Chicago for $24.1M

by Lynn Peisner

GLENDALE HEIGHTS, ILL. — Eastham Capital has acquired The Flats at Gladstone in Glendale Heights, 30 miles west of Chicago, for $24.1 million. The 169-unit garden-style property was purchased through the Eastham Capital Fund VII with investment partner Bender Cos. The new owners are planning a $2.5 million renovation of the property, which was built in 1977. The building exterior as well as the units will be upgraded during the new owners’ hold period. Additionally, they will build a new clubhouse containing a fitness center, leasing office and maintenance shop. …

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DevelopmentNewsNorth CarolinaSoutheast

Wood Partners, PGIM to Break Ground on Research Triangle Project

by Lynn Peisner

MORRISVILLE, N.C. — Wood Partners and PGIM are planning to break ground this spring on Alta Watkins in the northwest Raleigh suburb of Morrisville. Developers estimate the 357-unit community will be complete by late 2028. Alta Watkins will be comprised of one-, two- and three-bedroom units and amenities that include a resort-style pool, three outdoor courtyards, a pet spa, a fitness center and a podcast lounge. The property also will offer rentable offices for remote work, event space and short-term stay units for guests. Alta Watkins represents Wood Partners’ third …

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DevelopmentFeaturesInvestment SalesLeasing & MarketingOperations

Why Branded Luxury Has Become a Fundamental in South Florida Multifamily

by Lynn Peisner

By Ari Pearl Branded luxury in the South Florida multifamily market has moved from fad to fundamental. A branded luxury multifamily community is a high-end apartment or condo building that’s marketed under a well-known luxury brand — often a hotel, fashion, auto or lifestyle brand. Examples include Miami’s Porsche Design tower, which features an elevator transporting both the tenant and their car up to their high-rise unit. Bentley, Fendi and Armani also have lent their name to multifamily development through various partnerships. Today, premium multifamily renters will pay for a …

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