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Palladium-Craig-Ranch-McKinney
DevelopmentNewsTexas

Palladium USA Breaks Ground on 327-Unit Project in McKinney, Texas

by Lynn Peisner

MCKINNEY, TEXAS — Palladium USA, a Dallas-based affordable, market-rate and mixed-use developer, has broken ground on Palladium Craig Ranch in the northeast Dallas suburb of McKinney. Located at 7909 Collin McKinney Parkway, the new community will include 327 one-, two- and three-bedroom apartments on approximately 4.7 acres. The Palladium Craig Ranch amenity package will consist of a resort-style pool with private cabanas, a hot tub, grills, string lighting and seating areas. In addition, an activity courtyard will include a fenced dog park with a pet drinking fountain, a fire table …

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Apex-at-Twin-Creek-Bellevue
Investment SalesMidwestNebraskaNews

Northmarq Arranges $44.2M Sale of Apex at Twin Creek in Nebraska

by Lynn Peisner

BELLEVUE, NEB. — Northmarq has arranged the $44.2 million sale of Apex at Twin Creek, a 240-unit garden-style community at 4002 Raynor Parkway in Bellevue, 10 miles south of Omaha. The property is also five miles west of Offutt Air Force Base. Northmarq represented the New York-based seller, Briar Capital Management. The buyer was Clipper Capital Group. Northmarq’s Newport Beach debt and equity team led by Joe Giordani, Brendan Golding and Scott Botsford, arranged $28.7 million in acquisition financing on behalf of Clipper through Freddie Mac. Apex at Twin Creek …

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Spuhler-Drive-Batavia
IllinoisInvestment SalesMidwestNews

Interra Arranges $7.9M Sale in Batavia, Illinois

by Lynn Peisner

BATAVIA, ILL. — Interra Realty has arranged the $7.9 million, off-market sale of a nine-building, 36-unit rental townhome portfolio in Batavia. Neither party to the transaction was named. Interra’s team was led by Nathan Zito, Patrick Kennelly and Paul Waterloo. The properties were 92 percent occupied at the time of sale. Located at 29-65 and 109-155 Spuhler Drive, residences within the community all feature two-bedroom layouts. The buildings were constructed in 1980, and approximately two-thirds of the townhomes have recently undergone interior renovations.

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Green-Tree-Place-Houston
Affordable HousingBerkadiaInvestment SalesNewsTexas

Berkadia Brokers Sale of Green Tree Place in Houston

by Lynn Peisner

HOUSTON — Berkadia has arranged the sale of Green Tree Place, a 200-unit garden-style property in West Houston. California-based Kairos Investment Management sold the asset, built in 1984, for an undisclosed price. The buyer was Aligned Ventures, a Texas-based investment firm focused on acquiring and operating workforce housing. Berkadia’s Houston-based team representing Kairos was led by Chris Young, Chris Curry, Jeffrey Skipworth, Joey Rippel, Kyle Whitney and Jed Dalton.

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TheVineyards-Germantown
Investment SalesNewsSoutheastTennessee

Fogelman Buys 200-Unit Property in Greater Memphis, Tennessee

by Lynn Peisner

GERMANTOWN, TENN. — Locally based Fogelman Properties has acquired The Vineyards of Germantown, a 200-unit community approximately 20 miles east of Memphis, Tennessee. Fogelman acquired the asset through a joint venture with Dallas-based Thackeray Partners, marking the 18th acquisition for the Fogelman-Thackeray partnership. The Vineyards was built in 1997 and was 93 percent occupied at the time of the sale. Units are offered as one-, two- or three-bedroom floor plans. Fogelman is planning to renovate unit interiors, build a new pickleball court, and complete upgrades to the clubhouse, pool, fitness center …

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Army-Navy-Tampa
DevelopmentFloridaNewsSoutheast

City of Tampa Taps PMG Affordable for Downtown Redevelopment

by Lynn Peisner

TAMPA, FLA. — The City of Tampa has selected PMG Affordable to lead a redevelopment in North Downtown Tampa that will include 1,150 units of new rental housing, 70 percent of which will be affordable. Specific rent restrictions, a project cost or development timeline were not disclosed. The city-owned land consists of four properties including an Army-Navy surplus store that was in business from 1938 until 2013. The development team also includes the Tampa Housing Authority, Bank of America Community Development Co. and DuCon, a Florida-based development and construction firm. …

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The-Arboretum-Farmingville
Investment SalesNew YorkNewsNortheast

Inland Acquires Long Island Property for $190M

by Lynn Peisner

FARMINGVILLE, N.Y. — Inland Real Estate Acquisitions, an affiliate of Inland Real Estate Group of Cos., has acquired The Arboretum for $190 million from BRP Cos. Located at 20 Maple Lane in Farmingville, The Arboretum sits on 62 acres. The 292-unit community was developed in 2024 and offers a mix of single-family homes, townhomes and garden-style apartments in two- and three-bedroom floor plans. Amenities include an outdoor heated pool with cabanas, a fitness center with yoga studios, tennis and bocce courts, a putting green, a playground and a 7-acre park …

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Chateau-on-Wells-Chicago
FinanceIllinoisMidwestNews

JLL Arranges $25.2M Refinancing for 43-Unit Chicago Property

by Lynn Peisner

CHICAGO — JLL has arranged a $25.2 million floating-rate loan through lender D2 Residential for the refinancing of Chateau on Wells, a 43-unit property in downtown Chicago. The borrower was Chicago-based investment and development firm Akara Partners. The property features a 2016-built midrise apartment building with one retail suite located at 707 N. Wells St. in the River North entertainment district. The building is 95 percent occupied. The apartments rent for approximately $4,091 per month. JLL’s team was led by Jesse Wright, Joshua Odessky, Sam Tarter, Miguel Pedersen and Ben …

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Ashton-Oaks-Tampa
Build-to-RentDevelopmentFloridaNewsSoutheast

Crescent Communities, Heitman Break Ground on BTR Project in North Tampa Bay

by Lynn Peisner

TAMPA, FLA. — Crescent Communities has broken ground on HARMON Ashton Oaks in Tampa, marking the sixth and final collaboration of the first round of joint-venture developments with Heitman. The 115-unit townhome community is in the Wesley Chapel neighborhood of the Tampa metro region. Set across 28 acres at the intersection of State Road 54 and Ashton Oaks Boulevard, HARMON Ashton Oaks will be complete later this year. The community consists of three- and four-bedroom, two-story townhomes averaging approximately 1,800 square feet. Amenities include a resort-style pool with cabanas and …

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Ascent-at-Hover-Longmont
Affordable HousingColoradoDevelopmentNewsWestern

Pennrose Opens Affordable Housing Community in Longmont, Colorado

by Lynn Peisner

LONGMONT, COLO. — Pennrose and Longmont Housing Authority (LHA) have completed the $39 million Ascent at Hover Crossing, a 75-unit affordable housing community with an early childhood education center in Longmont. Ascent at Hover Crossing was designed with families and children in mind, offering a mix of one-, two-, three- and four-bedroom units across two buildings. The apartments are available for a variety of incomes, with units ranging from 30 to 80 percent of area median income, which equates to an annual salary of approximately $31,650 to $84,400 for a …

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