News

Berkadia Arranges $17.7M Sale of Ivy Gates in Petersburg, Virginia

by Lynn Peisner April 22, 2026

PETERSBURG, VA. — Greencove Group has sold Ivy Gates in Petersburg, about 30 miles south of Richmond, Virginia, to CCM for $17.7 million. SYM Properties has been named manager of the community under the new ownership. Drew White, Carter Wood, Matt Straughan and Cole Carns of Berkadia Richmond arranged the sale on behalf of the seller. Located at 101 Ivy Lane, Ivy Gates features two- and three-bedroom tri-level townhome apartments ranging from approximately 1,369 to 1,677 square feet. Residences feature private entrances, patio areas, separate dining spaces, hardwood flooring and …

April 22, 2026

Berkadia Investment Sales News South Carolina

Marcus & Millichap Arranges $3.6M Sale of Myrtle Beach Asset

by Lynn Peisner April 22, 2026

MYRTLE BEACH, S.C. — Marcus & Millichap has arranged the sale of Chicora Apartments, a 34-unit community in Myrtle Beach. The asset traded for $3.6 million. Neither party to the transaction was named. Will Graves Jr., Ryan Lipomi and Carson Ford of Marcus & Millichap represented the seller. Built in 1963, the property is located at 501 38th Ave. North on a 1.9-acre lot. The community totals approximately 31,000 rentable square feet and includes one-, two- and three-bedroom apartments with an average unit size of 912 square feet.

April 22, 2026

Affordable Housing Development New York News Northeast

Construction Begins on 213-Unit Affordable Housing Community 570 Eldert Lane in Brooklyn

by Lynn Peisner April 22, 2026

BROOKLYN, N.Y. — Slate Property Group and Thorobird Cos., in partnership with Bangladeshi American Community Development & Youth Services (BACDYS), has begun construction of 570 Eldert Lane in Brooklyn. The project includes 213 units, 66 of which will be set aside for formerly homeless residents. The remaining units will be reserved for households earning up to 40 or 80 percent of area median income. Units are offered as one- through four-bedroom floor plans. The property was designed by Think! Architecture + Design PLLC. Upon completion, slated for summer 2028, the …

April 22, 2026

Finance Florida News Southeast

Mesa West Funds $50M Loan to Refinance Gran Bay in Jacksonville

by Lynn Peisner April 22, 2026

JACKSONVILLE, FLA. — Mesa West Capital has provided Beachwold Residential a $50.5 million refinancing loan for Gran Bay Apartments in Jacksonville. The financing was arranged by Walker & Dunlop. Gran Bay Apartments was developed in 2015 and includes 308 unit and 14 buildings situated on 15.5 acres. A mix of one-, two- and three-bedroom units are offered alongside amenities such as a resort-style pool, fitness center, grilling areas, fire pits and a dog park.

April 22, 2026

Finance News North Carolina Southeast

Capital Square Secures $105M Refinancing for Maeve in Raleigh, North Carolina

by Lynn Peisner April 21, 2026

RALEIGH, N.C. — Walker & Dunlop has arranged a $105 million refinancing loan for Maeve, a high-rise in Raleigh owned by Capital Square. Alexandra Huffman, Justin Nelson and PJ Feichtmeier arranged the floating-rate, interest-only bridge loan through TPG Real Estate Finance. The 297-unit property, which includes studio through three-bedroom floor plans and about 10,000 square feet of ground-floor retail, was completed in 2025. Maeve was built in an Opportunity Zone proximate to the Boylan Heights neighborhood, Dorothea Dix Park and downtown. Amenities include a resort-style pool, rooftop lounge coworking spaces …

April 21, 2026

Affordable Housing Company News Finance Investment Sales News People News

Walker & Dunlop Expands LIHTC Team

by Lynn Peisner April 20, 2026

BETHESDA, MD. — Walker & Dunlop has hired Jack Hodgkins and Stacie Nekus to its Low-Income Housing Tax Credit (LIHTC) equity team. Hodgkins joins the Bethesda-based commercial real estate finance and advisory services firm as senior vice president and head of LIHTC credit, based in Denver. Nekus joins as senior managing director and head of business development for LIHTC investor relations, based in Pittsburgh. Hodgkins will lead LIHTC credit strategy and underwriting, while Nekus will lead business development efforts for Walker & Dunlop Affordable Equity’s LIHTC investor relations team.

April 20, 2026

Affordable Housing Development Midwest News Ohio

Pennrose and Partners Complete Final Phase of $115M Affordable Housing Redevelopment

by Lynn Peisner April 20, 2026

CLEVELAND — Cuyahoga Metropolitan Housing Authority (CMHA), The City of Cleveland, Pennrose, Falbo Group and project partners have opened Sankofa Village IV. With the opening of this 50-unit affordable housing community, the $115 million, 236-unit Cedar Extension Transformation Plan in the Central neighborhood of Cleveland is complete. The overall project was a redevelopment of the 17-acre former Cedar Extension site, which was a public housing area built in the 1950s. Phase IV included one, two- and three-bedroom floor plans in a mix of townhouse and apartment units available at 30 …

April 20, 2026

Finance News North Carolina Southeast

NewPoint Provides $49M Loan to Evolve Cos.

by Lynn Peisner April 17, 2026

GREENVILLE, N.C. — NewPoint Real Estate Capital has provided a $49 million loan for the refinancing of Evolve at the Pines Apartment Homes, a 288-unit property in Greenville. North Carolina-based developer and property manager Evolve Cos. was the borrower. The bridge-to-agency loan was structured with a 24-month interest-only period to provide flexibility during lease-up. Evolve at the Pines opened earlier this year. It features amenities such as a saltwater pool, fitness center, clubhouse, dog park and electric vehicle charging stations.

April 17, 2026

Florida Investment Sales News Southeast

Berkadia Brokers Sale of Nova Central in Davie, Florida

by Lynn Peisner April 17, 2026

DAVIE, FLA. — Berkadia has arranged the sale of and financing for Nova Central, a 140-unit property in Davie, about 11 miles west of Fort Lauderdale, Florida. Jaret Turkell, Omar Morales and Yoav Yuhjtman of Berkadia South Florida led the transaction on behalf of the seller, Robbins Property Associates of Tampa, Florida. The property sold to Denver-based McDowell Properties. Josh Finley of Berkadia Atlanta and Matt Robbins of Berkadia Boca Raton, arranged an undisclosed amount of acquisition financing.

April 17, 2026

Development News Texas

JPI Breaks Ground on $77.8M Grandscape II in The Colony, Texas

by Lynn Peisner April 17, 2026

THE COLONY, TEXAS — Locally based JPI has broken ground on the $77.8 million Jefferson Grandscape II in The Colony. The 277-unit community is being financed in partnership with Nebraska Furniture Mart and with a loan provided by QuadReal. JPI is now in lease-up on Grandscape I, also located in The Colony. That project was first announced in 2022. Jefferson Grandscape II will be comprised of studios, one-, two- and three-bedroom floorplans. Select units will also provide mud rooms, walk-in pantries, separate showers and dual vanities, private patios and balconies, …

April 17, 2026

Newer Posts

Older Posts