Author

Lynn Peisner

Old-Ivy-Charlottesville
Build-to-RentDevelopmentNewsSoutheastVirginia

Greystar Underway on BTR Project Near UVA

by Lynn Peisner

CHARLOTTESVILLE, VA. — Greystar has broken ground on Old Ivy, a 525-unit community in Charlottesville. The development site is just off the University of Virginia campus, east of Highway 29, between Old Ivy and Leonard Sandridge roads. The project includes a variety of homes, including apartments, standalone dwellings, duplexes and townhomes. More specifically, Old Ivy will be comprised of 336 apartments, with one-, two- and three-bedroom floorplans, and 189 build-to-rent residences, consisting of three-bedroom townhomes as well as three-bedroom standalone homes clustered around green spaces or mini parks, some with …

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Manteca-Golf-and-Tennis-Villas
CaliforniaInvestment SalesNewsWestern

Marcus & Millichap Closes $15.6 Million Sale in California’s Central Valley

by Lynn Peisner

MANTECA, CALIF. — Marcus & Millichap has arranged the sale of Manteca Golf & Tennis Villas, a 56-unit property in Manteca, a city between Modesto and Stockton, California, and about 76 miles west of San Francisco. The property sold for $15.6 million. Stephen Jackson and Joe Owens, both senior directors with Marcus & Millichap, represented the seller. Neither party to the transaction was identified. Completed in 1985, Manteca Golf & Tennis, which is adjacent to a golf course, has a pool, laundry facilities and a tennis court. Units feature washer …

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Nick-Steele-Lument
ColoradoInvestment SalesPeople NewsWestern

Lument Hires Nick Steele to Lead Mountain State Investment Sales

by Lynn Peisner

DENVER — Nick Steele has joined Lument to lead investment sales across Colorado, Idaho, Montana and Wyoming. Steele joins Lument from Berkadia, where he worked in the firm’s Denver office. Prior to Berkadia, Steele held senior roles at Marcus & Millichap and started his career at Apartment Realty Advisors. Over the course of his career, Steele has closed approximately $1.5 billion in multifamily sales. Lument is a banking and lending company that launched an investment sales division in 2024.

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Portman-Fairburn
DevelopmentGeorgiaNewsSoutheast

Portman to Develop Mixed-Use Project, with 332 units, Near Atlanta

by Lynn Peisner

FAIRBURN, GA. — Portman has closed on a land deal in Fairburn, an Atlanta suburb, where it plans to develop a 332-unit property with retail and greenspace. The Atlanta-based development company, founded in 1957, will break ground in late July and estimates completion by June 2027. Meadow Glen Village will include a variety of home types across nine buildings, each with its own dedicated parking. It will also feature a town green for resident events as well as public use. The greenspace will be flanked by two 6,000-square-foot retail buildings that …

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Mark-English
Affordable HousingDevelopmentIndustry VoicesOperations

How Accessibility Compliance Gives Affordable Housing Investors a Competitive Advantage

by Lynn Peisner

By Mark English In the affordable housing industry, compliance has often been treated as an obligatory cost of doing business — a box to check, a hurdle to clear. Yet in today’s environment, marked by heightened regulatory scrutiny, increased tenant awareness of their rights and a fiercely competitive landscape for funding and partnerships, this mindset is dangerously outdated. For developers, owners and managers of affordable housing, denial of compliance’s strategic value can carry enormous costs: legal liability, reputation damage, financial penalties and missed opportunities to distinguish one’s organization as a …

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Penrose-Frisco-Southstone-Yards
DevelopmentNewsTexas

Rosewood Breaks Ground on 382-Unit Project in Frisco

by Lynn Peisner

FRISCO, TEXAS — Rosewood Property Co. and equity partner MetLife Investment Management, the institutional asset management business of MetLife, have broken ground on Penrose, a 382-unit property in Frisco. Located on a 5-acre site at 4301 Tributary Way, Penrose is a part of the Southstone Yards masterplan, a pedestrian-oriented, 45-acre, mixed-use project featuring multiple phases of development with such uses as office, residential, restaurant, hotel and green space. Completion of the greater Southstone Yards development is slated for 2030, while Dallas-based Rosewood is estimating a fall 2027 completion date for …

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Blue-Rock
CaliforniaFinanceNewsWestern

Prime Residential Secures $91.5 Million Loan to Refinance Bay Area Asset

by Lynn Peisner

VALLEJO, CALIF. — Prime Residential has received a $91.5 million loan to refinance Blue Rock Village, a 560-unit property the company owns in Vallejo, 36 miles north of San Francisco. Walker & Dunlop’s Bryan Frazier and Blake Hockenbury arranged the 10-year, full-term interest-only loan at a fixed rate from Freddie Mac. Blue Rock Village was developed in two phases in the mid 1980s. The property consists of 41 buildings housing a total of 560 units, a leasing office, a fitness center and a maintenance building, all situated on about 36 …

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LOFT-Realpage
Leasing & MarketingNewsOperationsTechnologyTexas

RealPage Acquires Flexible Payment Company

by Lynn Peisner

RICHARDSON, TEXAS — RealPage has acquired Livble, a flexible-payment company, and will incorporate the new payment technology into two of its own software solutions, LOFT and Buildium. LOFT is a resident-facing app RealPage launched in January. LOFT’s payment function allows users to pay their rent traditionally, directly from their bank in one lump sum, or residents can pay in two installments. With the Livble technology, residents now can split up payments into up to four installments per month. RealPage assumes nonpayment risk and manages collections should residents not pay. In …

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Mill-Landing
Build-to-RentDevelopmentNewsSouth CarolinaSoutheast

Material Capital Partners Buys Land for South Carolina BTR Development

by Lynn Peisner

GREER, S.C. — Material Capital Partners has acquired 25 acres in Greer, 16 miles northeast of Greenville, South Carolina, to develop Mill Landing, a build-to-rent community. The project will consist of 163 single-family, detached homes and townhomes in a mix of three- and four-bedroom floor plans. Each home will feature an attached private garage and a private patio. Amenities will include a clubhouse with coworking and lounge spaces, a resort-style pool, fitness center, a dog park and walking trails. Greystar will serve as the property manager. The developer will break …

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The-Fairways
FinanceNew HampshireNewsNortheast

Newmark Arranges $143 Million Refinancing for One of Makor Capital’s New Hampshire Assets

by Lynn Peisner

DERRY, N.H. — Newmark has arranged a $143.1 million Fannie Mae loan for Makor Capital’s refinancing of The Fairways in Derry, about 43 miles north of Boston. Newmark Vice Chairman Ed Belz arranged the deal. Makor acquired the asset, located at 1 Forest Ridge Road, in 2016. Fairways is a garden-style community constructed in 1984 that features 849 units across a variety of two-, three- and four-story buildings. “By refinancing, we take some chips off the table while we continue to own and further improve the property over the long …

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