News

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

by Lynn Peisner July 18, 2025

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 …

July 18, 2025

Build-to-Rent Development News South Carolina Southeast

Material Capital Partners Buys Land for South Carolina BTR Development

by Lynn Peisner July 18, 2025

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 …

July 18, 2025

Leasing & Marketing News Operations Technology Texas

RealPage Acquires Flexible Payment Company

by Lynn Peisner July 18, 2025

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 …

July 18, 2025

California Finance News Western

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

by Lynn Peisner July 18, 2025

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 …

July 18, 2025

Development News Texas

Rosewood Breaks Ground on 382-Unit Project in Frisco

by Lynn Peisner July 18, 2025

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 …

July 18, 2025

Affordable Housing Development Finance New York News Northeast

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

by Lynn Peisner July 17, 2025

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 …

July 17, 2025

Build-to-Rent Development Kansas Midwest News

PeakMade Breaks Ground on Kansas City-Area BTR Project

by Lynn Peisner July 17, 2025

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 …

July 17, 2025

Build-to-Rent Florida Investment Sales News Southeast

Cushman & Wakefield Brokers Central Florida BTR Deal

by Lynn Peisner July 17, 2025

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 …

July 17, 2025

Berkadia Finance Florida News Southeast

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

by Lynn Peisner July 17, 2025

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 …

July 17, 2025

Development Leasing & Marketing News Texas

Hunt Development Group Opens Leasing at Caroline Eastside in Dallas Metro

by Lynn Peisner July 17, 2025

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.

July 17, 2025

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