Author

Lynn Peisner

biscayne-shores-North-Miami
FloridaInvestment SalesNewsSoutheast

RPM Living, Cantor Fitzgerald Asset Management Buy Biscayne Shores in North Miami

by Lynn Peisner

NORTH MIAMI, FLA. — RPM Living and affiliates of Cantor Fitzgerald Asset Management (CFAM), the investment and asset management division of global financial services and real estate holding group Cantor Fitzgerald, have acquired Biscayne Shores in North Miami, an 8-acre property developed by Integra Investments, the seller. Integra’s development partners included Andrew Korge of Korgeous Group and David Larson of DCL Capital. The group acquired the site in 2020 and completed construction in 2024. The transaction follows previous CFAM and RPM acquisitions in Dallas, Denver, Houston, Orlando and Tampa. Terms …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceInvestment SalesNewsSoutheastTexas

Hilltop Residential Closes $288M Fund

by Lynn Peisner

HOUSTON — Hilltop Residential, an owner of multifamily real estate that operates across 15 markets in the southeastern United States, has closed Hilltop Growth Fund VI with $288 million in total commitments. Hilltop will seek value-add assets in business-friendly markets demonstrating population and job growth. The investor base includes endowments and foundations, financial institutions, insurance companies, national registered investment advisor (RIA) platforms and family offices. Hilltop expects Fund VI to acquire approximately $1.5 to $2 billion in gross asset value. Through the fund, nine assets have been acquired to date, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Brad-Butler
Affordable HousingDevelopmentFinanceIndustry Voices

Urban Multifamily Development: The Ultimate Love‑Hate Relationship

by Lynn Peisner

By Brad Butler The lack of affordable rental housing in the United States has reached alarming levels, and the problem seems to worsen with each passing month. As job creation has slowed in certain industries, many people are moving to urban areas in search of better employment opportunities, housing options and long-term economic stability. From the outside, this trend could make urban multifamily development look like an easy entry point into the business. But looks can be deceiving. While urban markets offer many advantages, development in these areas is significantly …

Continue Reading
0 FacebookTwitterLinkedinEmail
IllinoisInvestment SalesMidwestNews

JVM Realty and DRA Advisors Form Partnership to Acquire Enclave at 127th in Plainfield, Illinois

by Lynn Peisner

PLAINFIELD ILL. — JVM Realty Corp. and DRA Advisors have formed a joint venture partnership to acquire Enclave at 127th, a 340-unit community in Plainfield, 38 miles southwest of Chicago. JVM acquired the community in 2013, one year after it was constructed. The new joint ownership of the asset will focus on capital improvements to drive value, including unit renovations and amenity enhancements. JVM has stated that it is currently expanding its investment platform through joint venture relationships with institutional partners. DRA Advisors is a New York-based investment advisor that …

Continue Reading
0 FacebookTwitterLinkedinEmail
1333-broadway-Brooklyn
Affordable HousingDevelopmentFinanceNew YorkNewsNortheast

JLL Arranges $58M Loan to Refinance Newly Completed Property in Brooklyn

by Lynn Peisner

NEW YORK CITY — JLL has arranged a $58 million refinancing loan provided by Barings for 1333 Broadway, a 106-unit mixed-use property in Brooklyn’s Bushwick neighborhood. Ekstein Development Group and Standard Real Estate Investments were the borrowers. The project was completed in April. The 20-story property is comprised of 74 market-rate units, 32 affordable units and 29,000 square feet of commercial space. Rent caps were not disclosed. Peter Rotchford, Rob Hinckley and Robert Tonnessen led JLL’s team.

Continue Reading
0 FacebookTwitterLinkedinEmail
Kristin-Koch-HVPG
Affordable HousingCompany NewsNewsPeople News

HVPG Hires Kristin Koch, Promotes Diana Bellizzi and Matt Doty

by Lynn Peisner

NEW YORK CITY — Affordable housing preservation company Hudson Valley Property Group (HVPG) has hired Kristin Koch to the role of managing director, head of capital raising. Koch will focus on expanding HVPG’s global investor base across institutional, sovereign and private wealth channels. Koch’s previous experience includes raising approximately $1.4 billion for affordable housing at Jonathan Rose Cos. The firm also has promoted Diana Bellizzi to managing director, head of investor relations, and Matt Doty to chief financial officer and chief compliance officer.

Continue Reading
0 FacebookTwitterLinkedinEmail
Sanara-Austin
Affordable HousingDevelopmentNewsTexas

The NRP Group Breaks Ground on Sanara, an Affordable Housing Community in Austin

by Lynn Peisner

AUSTIN, TEXAS — The NRP Group, alongside the Housing Authority of Travis County, has broken ground on Sanara, a 348-unit affordable housing community in Southeast Austin. All apartments will be rent restricted to 60 percent of area median income. Located at 4401 E. Slaughter Lane, the development will span 13 three-story residential buildings across a 56-acre site. The community will include 12 one-bedroom units, 120 two-bedroom units, 144 three-bedroom units and 72 four-bedroom units. Sanara also will provide residents a 24-hour fitness center, business center with coworking space, clubhouse with a …

Continue Reading
0 FacebookTwitterLinkedinEmail
In-Town-Lubbock
Affordable HousingArchitecture & DesignDevelopmentNewsTexas

Former Mid-Century Motor Lodge in Downtown Lubbock, Texas, Opens as Affordable Housing Community

by Lynn Peisner

LUBBOCK, TEXAS — Housing Trust Group (HTG), AM Affordable Housing and Thoman and Butler have completed and opened the redevelopment of the In Town Inn, a mid-century motor lodge, into a new affordable housing community. Located at 1202 Main Street in downtown Lubbock, the 56-unit community serves residents earning at or below 30, 50, 60 and 80 percent of area median income. Built in 1964, the property functioned as a motel until the 1990s when it became the Jim Kimmel Center rehab facility. HTG acquired the property in 2023. Wallace …

Continue Reading
0 FacebookTwitterLinkedinEmail
John-Rolfe-Schaumburg
IllinoisInvestment SalesMidwestNews

Interra Realty Brokers Sale of Two Metro Chicago Assets

by Lynn Peisner

CHICAGO — Interra Realty has arranged the sale of two multifamily buildings in the northwest Chicago area totaling $2.98 million. The six-unit 2337 John Rolfe Drive in Schaumburg, Illinois, sold for approximately $1.1 million, while the 12-unit 8755 W. Foster Ave. in Chicago’s O’Hare submarket transacted for $1.9 million. Interra’s Patrick Kennelly, Paul Waterloo and Nathan Zito represented both the confidential buyer and seller of 2337 John Rolfe. Kennelly, Waterloo and Zito also represented the undisclosed buyer and seller of 8755 W. Foster. Both properties were fully occupied at the …

Continue Reading
0 FacebookTwitterLinkedinEmail
Oxxford-Lofts-West-Loop-Chicago
Affordable HousingDevelopmentIllinoisMidwestNews

Missner Group, Base 3 Begin Construction on $42M Industrial-to-Residential Project in Chicago

by Lynn Peisner

CHICAGO — The Missner Group and Base 3 have begun construction of Oxxford Lofts, an industrial-to-residential project in Chicago’s West Loop area that is a redevelopment of the former Oxxford Clothes factory, built in 1910, into a 112-unit community. Twenty percent of units at the new Oxxford Lofts will be set aside as affordable housing. Rent restrictions were not disclosed. Plans for the $42 million gut-renovation project include all new building systems and upgraded sustainability features. The development will also include a rooftop deck, fitness center, coworking space and secure …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2026 France Publications, dba France Media Inc.