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Lynn Peisner

MAXWELL, TEXAS — Dominium has acquired a site in Maxwell, 30 miles south of Austin, for construction of Anson Crossing, a 312-unit affordable housing development. Anson Crossing’s homes will be available to renters earning no more than 60 percent of the area median income. Dominium’s partners on the low-income housing tax credit project include Caldwell County, Winthrop & Weinstine, BKV Group, Kimley-Horn and Associates Inc., Braun Intertec Corp., Commercial Partners Title, On Track Ministries and UMB Bank. A construction timeline and financing specifics were not disclosed.

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NRP Group's Brett Gelsomino

CLEVELAND — The NRP Group has hired Brett Gelsomino to increase market-rate multifamily development throughout Florida. As senior vice president of development, Gelsomino will oversee all aspects of development, from site selection to project completion. He will report to Mike Zelenkofske, executive vice president of development. Gelsomino previously spent 14 years at ZOM Development, where he launched and led ZOM’s senior living division, overseeing the origination, capitalization and construction of approximately $400 million in luxury rental senior living communities. Since 2007, he has developed over 2,500 multifamily and senior living …

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The Harlow in Minneapolis

CHANHASSEN, MINN — Roers Cos. has secured an $89.6 million financing package to fund development of two adjacent apartment communities in Chanhassen, about 20 miles southwest of Minneapolis. The Bennett Apartments, located at 591 W. 78th St., will feature 184 units and 11,853 square feet of retail space. The Harlow Apartments, at 570 Market St., will include 126 units and 3,029 square feet of retail space. The projects are expected to be complete in 2026. Gary Sefcik in Marcus & Millichap’s New York City office arranged the financing. Kayne Anderson …

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Steve Nosrat

LAS VEGAS —  Steve Nosrat has joined The Mogharebi Group’s multifamily investment sales team as senior vice president in the firm’s Las Vegas office. The Mogharebi Group is headquartered in Costa Mesa, California. Nosrat’s prior commercial brokerage experience includes working with private capital, institutional transactions and new development. He comes to The Mogharebi Group from Avison Young, Las Vegas, where he was a principal. Previously, he was senior vice president at NAI Las Vegas.

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Los Arcos

SAN ANTONIO — The NRP Group and the City of San Antonio opened Los Arcos at Vida on Jan. 29. The 324-unit property is reserved for residents earning between 30 and 70 percent of the area median income. The new development is part of the 600-acre VIDA San Antonio master-planned development led by SouthStar Communities that will be complete in 2026. VIDA will include healthcare, retail and event spaces as well as a mix of housing options, including single-family homes, townhomes and multifamily residences.

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Three Bridges affordable housing development

READINGTON, N.J. — Berkadia has arranged $11.9 million in low-income housing tax credit equity for Apartments at Three Bridges, an affordable housing development in Readington. Conifer Realty is the developer. Senior Vice President and Head of Acquisitions Chris McGraw of Berkadia Tax Credit Solutions led the financing effort. Apartments at Three Bridges will consist of 80 townhome units across seven buildings. The homes are reserved for tenants earning between 20 and 60 percent of the area median income. Additional financing for the project will include a construction loan through Fulton …

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Wesley Place

INDIANAPOLIS — Standard Real Estate, Arrow Street Development and Belay Investment Group have sold Wesley Place, a 244-unit property to an undisclosed seller for an undisclosed cost. It was 91 percent leased at the time of sale. The property was developed in 2023 in downtown Indianapolis’ Medical District. It is within walking distance to Indiana University Health Campus, a $4.3 billion expansion and redevelopment that broke ground in 2022 and is expected to be complete, with medical offices and retail, by 2027. A JLL Chicago team of Amanda Friant, Ken …

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Abode at Greenway

CHARLOTTE, N.C. — RKW Residential has been selected to manage three properties in Charlotte. The properties include Abode at Reid’s Cove (95 units) and Abode at Greenway (90 units), two build-to-rent (BTR) communities owned by Edgewood Ventures. The third property, Axis Berewick, is a 266-unit traditional multifamily asset owned by Welltower. RKW also manages Welltower’s Charlotte properties Solis Midtown and Solis Millennium. The firm now manages or consults on approximately 5,000 BTR units nationwide, with a concentration in Sun Belt and Midwest markets.

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Greg Engler

MIAMI — CBRE has hired Greg Engler as vice chair to the firm’s Florida capital markets team. Engler will collaborate with CBRE’s existing sales and debt teams to increase multifamily business in Florida markets. Engler joins CBRE from Engler Realty Advisors, a multifamily investment sales company he founded in 2022. He also founded Engler Financial Group in 2003, which was acquired by Walker & Dunlop in 2015, after which time he served as executive vice president of investment sales.

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Residences at Eastbank

AURORA, ILL. — Waterton has contributed $16 million in preferred equity for the development of Residences at Eastbank, a five-story, 258-unit, mid-rise project underway in downtown Aurora, about 40 miles west of Chicago. Geneva Capital Group arranged the equity and provided a $45 million senior loan. Further support came from the City of Aurora. Construction began in May 2024 and is expected to be completed in 2026. According to the developer, DAC Developments, the total project cost is $90.4 million. Floor plans will include a mix of studios, one-, two- …

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