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The-Statesman-Gallatin
DevelopmentNewsSoutheastTennessee

Thompson Thrift to Develop The Statesman in Metro Nashville

by Lynn Peisner

GALLATIN, TENN. — Thompson Thrift has announced plans to develop The Statesman, a 340-unit community in Gallatin, approximately 30 miles northeast of downtown Nashville. Situated on 25 acres, The Statesman will feature a mix of three-story, garden-style buildings and two-story buildings with private entrances. Floor plans will be offered in one-, two- and three-bedroom layouts. Units will feature granite countertops, smart home technology, stainless steel appliances and patio, balcony or private yard options. Detached garages and an Amazon package hub will also be available. Other amenities include a pool, 24-hour …

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The-Payton-Portland
FinanceNewsOregonWestern

ColRich Secures $40.5M Refinancing for Luxury Pacific Northwest Property

by Lynn Peisner

PORTLAND, ORE. — JLL has arranged a $40.5 million refinancing loan for The Payton, a 162-unit Class A property in Portland’s Lloyd District area. San Diego-based ColRich is the borrower/owner. Prime Finance was the lender. The Payton, 98 percent occupied as of August, is a seven-story mid-rise community built in 2019. Amenities include a 24-hour fitness center, bicycle storage, two outdoor decks with grilling areas, a clubhouse, wine lockers, electric car charging stations and underground parking. JLL’s team was led by Aldon Cole, Jimmy Conley, Brock Knapp, Sean O’Brien, Ben …

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Mike-Fausone-Conor
Company NewsDevelopmentMidwestNewsPeople News

Conor Commercial Real Estate Promotes Mike Fausone to Vice President

by Lynn Peisner

ROSEMONT, ILL. — Conor Commercial Real Estate has promoted Mike Fausone to vice president of development. Fausone joined Conor in 2021 as development manager and was subsequently promoted to senior development manager in 2024. Fausone will focus on expanding multifamily development in the Midwest. Conor is a real estate subsidiary of McShane Cos.

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Sumner-Mill-Sumner
FinanceNewsWashingtonWestern

Mesa West Capital Originates $52M ReFi for Sumner Mill in Metro Seattle

by Lynn Peisner

SUMNER, WASH. — Mesa West Capital has provided Timberlane Partners with a $52 million short-term, first-mortgage loan to refinance Sumner Mill Apartments, a 162-unit community in Sumner, about 40 miles south of Seattle. Timberlane developed Sumner Mill, opening the property in 2024. It is situated on approximately 4 acres and is comprised of studios, one- and two-bedroom units along with a pool, fitness center, clubhouse with a kitchen, conference room, package room, dog park, picnic area, electric vehicle chargers and rooftop solar panels. The financing was arranged by Jake Roberts …

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Fox-Hill-Golden
ColoradoInvestment SalesNewsWestern

Monarch Sells Long-Held Colorado Asset Fox Hill for $32M

by Lynn Peisner

GOLDEN, COLO. — Monarch Investment & Management Group has sold Fox Hill Apartments in Golden for $32 million. Sierra Parkway Communities was the buyer, and JLL arranged the transaction on behalf of Monarch, which owned Fox Hill for about 30 years. Located at 17611 W. 16th Ave., the community was built in 1972 and has averaged 96 percent occupancy since 2021. Jordan Robbins, Wick Kirby, Alex Possick and Seth Gallman headed up the JLL team.

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Portola-Bridge-Creek-Vancouver
FinanceNewsWashingtonWestern

JLL Arranges $42M Refinancing for Portola Bridge Creek in Vancouver, Washington

by Lynn Peisner

VANCOUVER, WASH. — JLL has arranged a $42 million Fannie Mae refinancing loan for Portola Bridge Creek, a 270-unit, garden-style community in Vancouver. The borrower was Irvine, California-based SB Real Estate Partners, which has owned the property since 2022. Built in 1989, Portola Bridge Creek offers one-, two- and three-bedroom floor plans along with a pool with poolside grills, playground, dog parks, an automated Amazon package locker and a 24-hour fitness center. Charles Halladay, Rick Salinas and Elijah Lax led JLL’s team.

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Chestnut-Heights-Townhomes-Olathe
Build-to-RentInvestment SalesKansasMidwestNews

29th Street Capital Buys BTR Property in Metro Kansas City

by Lynn Peisner

OLATHE, KAN. — Chicago-based 29th Street Capital has acquired Chestnut Heights Townhomes in Olathe. The 161-unit townhome community will be managed by 29th Street Living, the company’s property management division. The buyer partnered with New York City-headquartered Basis Investment Group via the firm’s BIG Equity Value-Add Fund II for the acquisition of the property and a capital improvement program. Chestnut Heights is comprised of two- and three-bedroom floor plans.

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Shores-Marina-del-Rey
CaliforniaInvestment SalesNewsWestern

Jackson Square Acquires Marina del Rey Asset for $170M

by Lynn Peisner

MARINA DEL REY, CALIF. — An affiliate of San Francisco-based Jackson Square Properties has acquired Shores, a 544-unit community in Marina del Rey for $170 million. Law firm Cox, Castle & Nicholson advised the seller, an entity doing business as Shores LLC, on the sale. Shores is a marina-adjacent community of 12 interconnected, five-story buildings featuring one- and two-bedroom floor plans. In addition to views of the Pacific Ocean, the property features a 2.5-acre courtyard with a pool, dual hot tubs, fire pits, barbecue areas and a bocce court. Shores …

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Vic-Centre-Fort-Worth
DevelopmentFinanceNewsTexas

Concord Summit Arranges $50M Construction Loan for 268-Unit Fort Worth Development

by Lynn Peisner

FORT WORTH, TEXAS — Concord Summit Capital has arranged a $50 million construction loan for a 268-unit project in Fort Worth. Summa Terra Ventures and M13 Construction were the borrowers. David Larson and Keegan Burger led Concord Summit’s team. The developers have broken ground on Vic Centre Apartments at 7124 Anderson Blvd. in East Fort Worth. The community will span nine three-story buildings, offering studios, one- and two-bedroom units. Completion is slated for 2028.

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MacArthur-Park-Augusta
BerkadiaGeorgiaInvestment SalesNewsSoutheast

Berkadia Brokers $40.6M Trade in Augusta, Georgia

by Lynn Peisner

AUGUSTA, GA. — Berkadia has arranged the $40.6 million sale of MacArthur Park, a 290-unit garden-style community in Augusta. Christian DiCroce, Mike Riley, Jim Sewell, Dave Lansbury, and Erika Maston of Berkadia Charleston led the transaction on behalf of the unnamed seller. The buyer’s identity also was not disclosed. The asset was built in 2022 and was 91 percent occupied at the time of the sale. Located at 101 Little Rock Drive, the property features a saltwater pool, fitness center and business center. 

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