Author

Lynn Peisner

Legend-Oaks-Tampa
BerkadiaFinanceFloridaNewsSoutheast

Berkadia Arranges $107.3 Million Refinancing of Three Vintage Properties In Central Florida

by Lynn Peisner

ORLANDO, FLA. — Berkadia has arranged $107.3 million in debt to refinance a three-property, 944-unit portfolio owned by Tampa, Florida-based Robbins Property Associates. The assets are located in and around Orlando. Senior Managing Director Mitch Sinberg, Managing Directors Scott Wadler and Brad Williamson and Vice President Hugo Hernandez of Berkadia Boca Raton and Miami arranged the 10-year, fixed-rate Freddie Mac loan. The deal closed on June 30. The properties are the 460-unit Briarcrest at Winter Haven, built in 1972; Legend Oaks in Tampa with 416 units that was constructed in …

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1011-First-Avenue-Manhattan
Affordable HousingDevelopmentFinanceNew YorkNewsNortheast

Vanbarton Group Secures $250 Million Loan for Manhattan Multifamily Conversion Project

by Lynn Peisner

NEW YORK — Vanbarton Group has received $250 million in financing to convert the former Roman Catholic Archdiocese of New York headquarters into 420 multifamily units. Eldridge Real Estate Capital Management provided the acquisition and construction loan. The financing included the $103 million acquisition cost. CBRE’s Doug Middleton and Pierre Hills advised the archdiocese on the sale of the property, and Greenberg Traurig represented Vanbarton Group. The 20-story, approximately 400,000-square-foot building in the Sutton Place neighborhood had been the headquarters for the archdiocese since 1973 and was known as the …

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Peakmade-Olathe
Build-to-RentDevelopmentKansasMidwestNews

PeakMade Breaks Ground on Kansas City-Area BTR Project

by Lynn Peisner

OLATHE, KAN. — PeakMade Real Estate and Blue Vista Capital Management have broken ground on Olathe Commons, a build-to-rent (BTR) community in the Kansas City suburb of Olathe. Developers anticipate leasing will begin in August 2026 with a final project completion date slated for September 2027. Construction financing was provided by Old National Bank, and Open House Group is a joint venture limited partner for the project. Olathe Commons will be comprised of 60 single-family cottages and 154 townhomes. Units will feature two- to four-bedroom layouts with select floorplans offering …

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Allure-on-Enterprise
Build-to-RentFloridaInvestment SalesNewsSoutheast

Cushman & Wakefield Brokers Central Florida BTR Deal

by Lynn Peisner

DEBARY, FLA. — MTK Developments has sold Allure on Enterprise in DeBary for an undisclosed cost.  KRI Partners bought the build-to-rent property that sits 26 miles north of Orlando, Florida. Cushman & Wakefield’s Nick Meoli, Joey Blakley and Mike Donaldson represented MTK in the transaction. Completed in 2023, Allure on Enterprise was 98 percent occupied at the time of the sale. It includes amenities such as gated access, a clubhouse, a resort-style pool, a fitness center and yoga studio, a dog park with a wash station, an electric vehicle charging …

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The_Caroline
DevelopmentLeasing & MarketingNewsTexas

Hunt Development Group Opens Leasing at Caroline Eastside in Dallas Metro

by Lynn Peisner

RICHARDSON, TEXAS — Hunt Development Group has launched leasing at Caroline Eastside, a newly completed community developed in Richardson. The 384-unit property features many amenities including: a two-level fitness center with a yoga room; a resort-style pool with an indoor, air-conditioned pool house; a game lawn; coworking spaces; a dog park and dog-washing facilities; a rooftop deck with a coffee bar; and property-wide, high-speed WiFi. In Richardson, which is 15 miles north of Dallas, Hunt also has developed The Mallory Eastside, a 281-unit property that was completed in 2017.

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York-Farm-Estates
Investment SalesNew YorkNewsNortheast

HVT Realty Sells Westchester County Asset for $15.8 Million

by Lynn Peisner

YORKTOWN HEIGHTS, N.Y. — Marcus & Millichap has arranged the trade of York Farm Estates between seller, HVT Realty, and buyer, Westchester Management LLC. Marcus & Millichap’s Matthew Gault, Seth Glasser, Michael Turkiewicz and Michael Fusco marketed the property on behalf of the seller and procured the buyer. Built in 1996, York Farm Estates is fully occupied and sits on 8 acres. Units are a mix of one-, two- and three-bedroom apartments. The property is located in Yorktown Heights, a city in Westchester County, 42 miles north of Manhattan.

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woodmont-liberty-apts-independence-nj
Investment SalesNew JerseyNewsNortheast

Woodmont Properties Sells New Jersey Community for $43 Million

by Lynn Peisner

INDEPENDENCE TOWNSHIP, N.J. — Sage Investment Real Estate Advisors has arranged the $43 million sale of Woodmont Liberty Apartments in Independence Township 60 miles west of New York City. Sage’s co-founding Partners Steve Tragash and Greg Pine represented the seller, Woodmont Properties, and procured the unnamed buyer. Woodmont Properties developed the property in 2023. The 120-unit community is comprised of one- and two-bedroom floor plans. Amenities include smart-home technology, private patios or balconies in select units, a fitness center, pool, clubhouse, coworking spaces, resident lounge, dog park and an outdoor …

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Blue-Hill-at-Watchung
DevelopmentNew JerseyNewsNortheast

Marcus, Sterling and Danbro Close Deal for $104 Million New Jersey Development

by Lynn Peisner

WATCHUNG, N.J. — Boston-based real estate investment and development firm Marcus Partners has joined the team constructing Blue Hill at Watchung, a 230-unit property in Watchung. Sterling Properties and Danbro Properties started the project, and completion is slated for December 2026. Blue Hill at Watchung, located 33 miles southwest of Manhattan, is set on about 42 acres. The property will feature six buildings and an amenity clubhouse with a resort-style pool, fitness center, coworking spaces, indoor-outdoor lounges, a dog park and a golf simulator. Approximately 20 acres of the site …

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Jigzibik-Rendering
Affordable HousingDevelopmentIllinoisMidwestNews

Skender, Full Circle Break Ground on Native American-Focused Affordable Housing Project in Chicago

by Lynn Peisner

CHICAGO — Full Circle Communities, in partnership with Native American-led nonprofit organization Visionary Ventures, is developing Jigzibik, an affordable housing development in Chicago. Skender, the general contractor on the project, broke ground on July 11. The 62,000-square-foot, seven-story mixed-use development will serve Native American communities. Jigzibik’s 45 units will be reserved for residents earning between 15 and 60 of area median income. Canopy Architecture + Design is the architect. The building will feature ground-floor office space for Native American-serving nonprofits, spaces for artists and makers, a computer lab and library …

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Kelly-Station-Rendering
Affordable HousingDevelopmentMidwestNewsWisconsin

McShane Selected as Contractor for Madison, Wisconsin, Affordable Housing Development

by Lynn Peisner

MADISON, WIS. — Volker Development, based in Fond du Lac, Wisconsin, has selected McShane Construction Co. to build Kelly Station, a 76-unit affordable housing project in Madison. Specifics about government subsidy financing or rent restrictions were not released, but local news sources report the Dane County Board of Supervisors approved $4 million in funding toward the project. According to a press release, the development partners include the county as well as the City of Madison, the Dane Workforce Housing Fund II and the Wisconsin Housing and Economic Development Authority. Kelly …

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