Author

Lynn Peisner

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Company NewsNew JerseyNewsNortheastPeople News

Larken Associates Promotes Jessica Heckman to Executive Vice President of Multifamily Operations

by Lynn Peisner

BRANCHBURG, N.J. — Larken Associates has appointed Jessica Heckman to the role of executive vice president of multifamily operations. In her new role, Heckman will oversee asset management, property management and leasing strategy and execution across the firm’s residential portfolio. Heckman first joined the company in 2008 and most recently served as director of residential asset management. Other titles held during her tenure include construction assistant, property manager and senior property manager. Branchburg-based Larken Associates owns a commercial portfolio that consists of office, industrial, retail, mixed-use and approximately 3,000 apartment …

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ABODE-at-Miller-Farm-Pineville
AlabamaMississippiNewsNorth CarolinaOperationsSoutheast

RKW Selected to Manage Three Properties in the Southeast

by Lynn Peisner

CHARLOTTE, N.C. — RKW Residential has been awarded new property management assignments at three communities. In Pineville, North Carolina, RKW is now managing ABODE at Miller Farm, a 98-unit build-to-rent townhome property owned by Edgewater Ventures. On behalf of owner Quadrant Communities, RKW is also managing two 240-unit properties operated under The Edison brand — The Edison at the Shores in Foley, Alabama, and The Edison at Colonnade Crossing in Oxford, Mississippi.

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Brookview-Middletown
Investment SalesKentuckyNewsSoutheast

Brookview Cos. Sells Brookview at Middletown in Kentucky

by Lynn Peisner

MIDDLETOWN, KY. — The Brookview Cos. has sold Brookview at Middletown 16 miles east of Louisville, Kentucky. The buyer was named as Centennial Holding Company LLC. JLL arranged the sale and a Fannie Mae acquisition loan. The 210-unit property was completed in 2017 and was 95 percent occupied at the time of the sale. Units are offered as one-, two- and three-bedroom floor plans, some of which come with direct-access attached garages. Amenities include a fitness center and pool, a clubhouse and a pet park. JLL’s Amanda Friant, Wick Kirby and …

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REV3-Garner-Lake-Lakeland
Build-to-RentDevelopmentNewsSoutheastTennessee

Trilogy Investment Co. Begins Construction of BTR Project in Metro Memphis, Tennessee

by Lynn Peisner

LAKELAND, TENN. — Trilogy Investment Co. has acquired a development site formerly known as Willows Townhomes and begun construction on REV3 at Garner Lake. The 109-unit build-to-rent development in Lakeland is about 20 miles northeast of Memphis, Tennessee, set within the The Lake District, a planned, 160-acre redevelopment, anchored by a 10-acre lake, of the former Belz Factory Outlet Mall. Completion is slated for the fourth quarter of this year. The three- and four-bedroom homes will feature attached garages and open layouts.

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Retreat-at-the-Park-Burlington
BerkadiaInvestment SalesNewsNorth CarolinaSoutheast

Carter Exchange Sells Burlington, North Carolina, Property for $48M

by Lynn Peisner

BURLINGTON, N.C. — Florida-based Carter Exchange has sold Retreat at the Park, a 249-unit community in Burlington, to Colorado-based Grimley Capital for $48 million. Caleb Troop, Thomas Colaiezzi, Matt Robertson and Drew Kwiatkowski of Berkadia Charlotte arranged the sale on behalf of Carter Exchange.  Brian Huff of Berkadia Denver secured acquisition financing for Grimley Capital. The property was developed in 2015 and contains one-, two- and three-bedroom units and amenities such as a fitness center with cardio and weightlifting equipment, a resident clubhouse with a lounge and café, a game …

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Eastline-Dallas
Investment SalesNewsTexas

Kushner Buys Dallas Luxury High-Rise Eastline Residences

by Lynn Peisner

DALLAS — Kushner has acquired Eastline Residences, a 330-unit, 28-story high-rise in Dallas. Northmarq’s Dallas-based Taylor Snoddy, Eric Stockley and Charles Hubbard arranged the deal on behalf of the seller, Convexity Properties. Convexity, a subsidiary of DRW, developed the community in 2021. The sales price has not been publicly disclosed, but, according to Northmarq, the trade reflected the second-largest residential sale in the metro area since 2022. Floors 25 through 28 feature penthouses with upgraded finishes and asking rents of approximately $6,500 per month. Amenities include a rooftop pool, a …

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Haven-Apartments-Culver-City
CaliforniaInvestment SalesNewsWestern

TruAmerica Acquires Two Los Angeles Properties

by Lynn Peisner

CULVER CITY, CALIF. — Cityview has sold Haven Culver City in Los Angeles County to TruAmerica. IPA’s Kevin Green, Joseph Grabiec and Gregory Harris represented the seller in the transaction. The sales price was not disclosed. TruAmerica concurrently acquired another local property, Luxe Villas, a 72-unit community located at 11640 Mayfield Ave. in Brentwood, for approximately $49.5 million. Haven Culver City was built in 2019, and Luxe Villas were constructed in 2006.

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Exchange-at-the-Beach-Panama-City
BerkadiaFinanceFloridaNewsSoutheast

Berkadia Arranges $42.5M Refinancing for Panama City Beach Property

by Lynn Peisner

PANAMA CITY BEACH, FLA. — Berkadia has arranged $42.5 million on behalf of JSB Capital for the refinancing of Exchange at the Beach, a 232-unit property in the Upper Grand Lagoon neighborhood of Panama City Beach. The financing package consists of a $29 million Freddie Mac loan and $13.5 million in preferred equity. Mitch Sinberg, Scott Wadler, Brad Williamson and Matt Robbins of Berkadia Miami arranged the financing. Exchange at the Beach was developed in 2022 and is comprised of one- and two-bedroom units and amenities that include a pool …

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Liva-Travelers-Rest
DevelopmentFinanceNewsSouth CarolinaSoutheast

S3 Capital Provides $29.8M Loan for Construction of Liva Travelers Rest

by Lynn Peisner

TRAVELERS REST, S.C. — S3 Capital has provided a $29.8 million loan to Clear Mountain Properties for the development of Liva Travelers Rest, a 152-unit community in Travelers Rest. Cooper Horowitz arranged the financing. Liva Travelers Rest will consist of five three-story buildings and seven two-story buildings featuring 120 apartment units and 32 townhomes in a mix of one-, two- and three-bedroom floor plans. Amenities will include a resort-style pool, a clubhouse and fitness center, fire pit, a dog park and bike storage. Capstone Building Corp. is the general contractor. …

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Fairways-on-Green-Valley-Henderson
Investment SalesNevadaNewsWestern

Hamilton Zanze Buys 320-Unit Fairways on Green Valley in Las Vegas Metro

by Lynn Peisner

HENDERSON, NEV. — San Francisco-based multifamily investment firm Hamilton Zanze has acquired Fairways on Green Valley, a 320-unit garden-style community adjacent to the Legacy Golf Club in the Green Valley South neighborhood of Henderson, 18 miles southeast of Las Vegas. The deal closed on Feb. 19. Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed the role of property manager. The purchase marks Hamilton Zanze’s first in 2026. The company acquired seven properties last year. Fairways on Green Valley was developed in 1990. The one- and two-bedroom units are …

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