Author

Lynn Peisner

Welz-Brooklyn
DevelopmentFinanceNew YorkNewsNortheast

Slate Property Group Secures $64 Million Refinancing for Brooklyn Project

by Lynn Peisner

NEW YORK CITY — Slate Property Group has secured a $64 million loan to refinance The Welz, a 162-unit community located at 159 Boreum St. in East Williamsburg, Brooklyn. Starwood Capital is providing the refinancing package. Daniel Fromm of Newmark represented Slate and co-owner Avenue Realty Capital (ARC) in the transaction, securing the three-year, floating-rate loan. Slate and ARC developed the property, opening it in February. It is currently 96 percent leased. Loan proceeds will be used to retire the existing construction loan, cover closing costs and complete the asset’s …

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95-Challenger-Road-Ridgefield-Park
Affordable HousingDevelopmentNew YorkNewsNortheast

KABR Group, Hornrock Properties Break Ground on Six-Story Community in Northern New Jersey

by Lynn Peisner

RIDGEFIELD PARK, N.J. — KABR Group and Hornrock Properties have broken ground on a six-story, 216-unit community at 95 Challenger Road that is set within Ridgefield Park’s Overpeck Corporate Center, a 60-acre mixed use development in Ridgefield Park, located five miles west of Manhattan. Designed by Minno & Wasko Architects and Planners, the building will feature a mix of studio, one- and two-bedroom residences, 22 of which will be set aside as affordable housing. Rent caps were not disclosed. Amenities will include an outdoor pool, a lounge and café, coworking …

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The-Gray-Houston
Affordable HousingArkansasColoradoFinanceLouisianaMississippiNew MexicoNewsSoutheastTexasWestern

Federal Home Loan Bank of Dallas Awards $73.5 Million in Affordable Housing Grants

by Lynn Peisner

DALLAS — The Federal Home Loan Bank of Dallas (FHLB Dallas) has awarded $73.5 million in affordable housing grants to 53 projects in Arkansas, Colorado, Louisiana, Mississippi, New Mexico and Texas. FHLB Dallas is part of the Federal Home Loan Bank System, which consists of 11 district Federal Home Loan Banks created in 1932 to provide capital for mortgage funding and support for community investment. FHLB Dallas annually returns at least 10 percent of its profits in the form of affordable housing grants to the communities served by its member …

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NOX-Pittsburgh
Leasing & MarketingNewsNortheastPennsylvania

Milhaus, BAM Capital Open NOX in Pittsburgh

by Lynn Peisner

PITTSBURGH — Milhaus and BAM Capital, the private equity division of BAM Cos., have launched leasing at NOX, a 272-unit property located at 2551 Frontier Drive in Pittsburgh, less than a mile from the Mall at Robinson. NOX offers 10 floor plans in studio, one-, two- and three-bedroom configurations. Units feature quartz countertops, stainless steel appliances, full-size washers and dryers, patios and balconies, oversized windows and Bluetooth entry systems. Amenities include a resident lounge, coworking space, a pool and deck with dual grilling stations and a fire pit area, a …

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Midway-Row-House-Dallas
Investment SalesNewsTexas

IPA Arranges Sale of Midway Row House in Dallas

by Lynn Peisner

DALLAS — Institutional Property Advisors (IPA) has arranged the trade between two undisclosed parties of Midway Row House in Dallas. The community was developed in 2023 and comprises 158 units, 107 of which are townhomes with attached, direct-access garages. Midway Row House offers amenities that include a fitness center, two dog parks, a lakeside jogging path, workspaces and three private offices. Apartments have 9-foot ceilings and full-size washers and dryers. The average unit is 979 square feet. IPA’s Taylor Hill, Drew Kile, Joey Tumminello, Michael Ware and Jack Windham represented …

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The-Meadowlands-Madison
Affordable HousingColoradoGeorgiaMarylandMidwestNew YorkNewsNortheastOhioOperationsSouth CarolinaSoutheastTexasVirginiaWesternWisconsin

WinnResidential Tapped to Manage 28-Property Affordable Housing Portfolio

by Lynn Peisner

INDIANAPOLIS — WinnResidential has been retained by KCG Cos. to operate 28 of the Indianapolis-based developer’s properties. Winn assumed leadership of operations and property management of 4,147 units in July and is expected to be selected to manage future communities over the coming year. KCG-owned workforce and affordable housing communities are located in Colorado, Georgia, Maryland, New York, Ohio, South Carolina, Texas, Virginia and Wisconsin. The company’s portfolio is comprised of approximately 34 communities. WinnResidential is the property management division of Boston-based WinnCompanies.

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Rev3-Athens
Build-to-RentGeorgiaNewsSoutheast

Trilogy Investment Co. Acquires For-Sale Townhome Site, Plans BTR Conversion

by Lynn Peisner

ATHENS, GA. — Trilogy Investment Co. (TIC) has acquired REV3 at Mill Creek, a townhome development project in Athens originally planned as a for-sale community. Trilogy will convert the property to rentals and complete the project by approximately November of this year. TIC has two additional for-sale-to-rental conversion deals expected to close in the next 90 days. Each home will offer three bedrooms and two and a half or three bathrooms, with open-concept layouts, stainless steel appliances, smart home technology and attached garages. Amenities will include walking trails, open green …

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DevelopmentNewsNorth CarolinaSoutheast

Wood Partners Breaks Ground on Alta Durham Summit

by Lynn Peisner

DURHAM, N.C. — Wood Partners will break ground later this month on Alta Durham Summit in Durham. The Atlanta-based developer expects to complete construction of the 312-unit community by summer 2027. The development will replace a former office park and is located adjacent to a newly renovated office building that is home to Durham Technical Community College. Alta Durham Summit includes a mix of one-, two- and three-bedroom layouts in three- and four-story buildings with such amenities as a pool, a dog park and spa and open outdoor spaces. This …

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The-Levi-McDonough
DevelopmentGeorgiaNewsSoutheast

Thompson Thrift Opens the Levi in Metro Atlanta

by Lynn Peisner

MCDONOUGH, GA. — Thompson Thrift has opened The Levi, a 212-unit property in the southern Atlanta suburb of McDonough. Move-ins began in August, and full completion is expected in February 2026. The project is located on 15 acres at 1400 Jr. Grant Blvd., about 28 miles from downtown Atlanta, within the 158-acre master-planned Bridges at Jodeco development. Amenities at the gated community include a 24-hour fitness center, a resort-style pool, firepits, a pickleball court, a dog park and pet spa with a grooming station, billiards and shuffleboard. Equity for the …

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Sherry-Freitas-Cushman-and-Wakefield
Company NewsNew YorkNewsNortheastPeople News

Cushman & Wakefield Hires Sherry Freitas to Manage Multifamily Operations

by Lynn Peisner

NEW YORK CITY — Cushman & Wakefield has hired Sherry Freitas as president of asset services in the multifamily division. In this role, Freitas will oversee operations across the country, managing a workforce of more than 4,000 people who serve residential property management clients. Freitas was a member of the board of directors for the Atlanta Apartment Association for 10 years, serving as board chair in 2021.

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