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Gateway-Villas-Las-Vegas
FinanceNevadaNewsWestern

Bascom Group Obtains $30.8M Refinancing Loan for Gateway Villas in Las Vegas

by Lynn Peisner

LAS VEGAS — The Bascom Group has refinanced Gateway Villas Apartments in Las Vegas with a $30.8 million loan. Brian Eisendrath, Cameron Chalfant, Jesse Zarouk and Jake Vitta of IPA Capital Markets arranged the financing, with Bridge Investment Group providing the loan. The Bascome Group acquired the 200-unit community in December 2021. Gateway Villas was constructed in 1984 and 1985 and comprises one- and two-bedroom units and a pool, clubhouse, fitness center, putting green and grilling area. Bascom completed a renovation program during its hold that updated amenities and repurposed …

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Livano-Oakmont
Build-to-RentDevelopmentNewsSoutheastTennessee

PCCP, LIV Development Break Ground on Livano Oakmont in Nashville

by Lynn Peisner

NASHVILLE, TENN. — PCCP and LIV Development have broken ground on Livano Oakmont Residences, a 126-unit build-to-rent community at 7790 Sawyer Brown Road in Nashville. Livano Oakmont Residences will comprise 126 townhomes, including 18 two-bedroom, 66 three-bedroom and 42 four-bedroom units that feature one- or two-car garages. Amenities will include a resort-style pool with cabanas, outdoor dining areas, grilling stations, a game lawn, fire pits and a playground. The clubhouse will feature lounge areas, an entertainment kitchen, a game room, a 24-hour fitness center and an indoor-outdoor yoga room. Additional …

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Courtside-II-Miami
Affordable HousingDevelopmentFloridaNewsSoutheast

HTG Opens $58M Affordable Housing Community in Miami

by Lynn Peisner

MIAMI — Housing Trust Group (HTG) has completed and opened Courtside Apartments II, a $58 million affordable housing community in Miami’s Overtown neighborhood. The 120 units are reserved for families earning at or below 30, 50, 60 and 70 percent of area median income, with monthly asking rents starting at $683. Located at 1698 NW 3 Avenue and 1501 NW 4 Avenue, Courtside Apartments II consists of two five-story buildings located on either side of the Culmer Center, a historic community center, creating a larger residential campus together with the …

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Chapanoke-Raleigh
Affordable HousingDevelopmentNewsNorth CarolinaSoutheast

Joint Venture Breaks Ground on $58M Affordable Housing Development in Raleigh

by Lynn Peisner

RALEIGH, N.C. — Gilbane, Harmony Housing Affordable Development Inc. and F7 International Development have broken ground on Chapanoke, a $58 million, 200-unit affordable housing community in Raleigh. Chapanoke’s floor plan mix includes one-, two- and three-bedroom units reserved for residents earning between 30 and 70 percent of area median income The development is supported by a public-private financing structure that includes tax credit equity, private financing and local public investment. Greystone Real Estate Capital is providing low-income housing tax credit equity, while Greystone Housing Impact Investors LP and Citi Community …

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Village-at-Grant-Square-Omaha
Investment SalesMidwestNebraskaNews

Eastham Capital, Bender Cos. Partner on Acquisition of Village at Grant Square in Omaha

by Lynn Peisner

OMAHA, NEB. — Eastham Capital and Bender Cos. have partnered on their 16th acquisition with the purchase of Village at Grant Square Apartments, a 204-unit community at 7349 Grant St. in Omaha. The asset was 93 percent occupied at the time of the sale with average monthly effective rents of $1,025. The new owners are planning unit renovations as well as enhancements to the clubhouse, common areas, roof and exteriors. Northmarq represented the seller, an undisclosed New York-based private investment group. According to Northmarq, the asset traded for approximately $17.2 …

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The Place-at-2120-Tucson
ArizonaInvestment SalesNewsWestern

IPA Arranges $18.1M Sale of The Place at 2120 in Tucson

by Lynn Peisner

TUCSON, ARIZ. — Institutional Property Advisors (IPA) has arranged the sale of The Place at 2120, a 202-unit property on Silverbell Road in Tucson. Scottsdale, Arizona-based The Founders Group sold the asset to Los Angeles-based AndMark for approximately $18.1 million. IPA’s Hamid Panahi and Clint Wadlund led the transaction. Built in 1986, on about 7 acres, The Place at 2120 is a 12-building property with one-, two- and three-bedroom floor plans. Community amenities include a pool and hot tub, fitness center, dog park, laundry facility and a playground.

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Ballantine-Phase-II-Newark
Affordable HousingDevelopmentFinanceNew JerseyNewsNortheast

Shorewood Underway on $190M Second Phase of Brewery Redevelopment in Newark

by Lynn Peisner

NEWARK, N.J. — Bogopa Enterprises and Shorewood Real Estate Group have secured construction financing and are underway on the development of Ballantine Phase II. The $190 million project is the second phase of Shorewood’s redevelopment of the former P. Ballantine & Sons brewery site, where beer was produced in Newark for more than a century before the brewery closed in 1972. Phase I, an $89.5 million, 280-unit development, was completed in 2025. A 57,500-square-foot Food Bazaar will anchor the ground floor of the seven-story, 501-unit second phase. Shorewood Real Estate …

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Ocoee-Townhomes-Florida
BerkadiaBuild-to-RentFinanceFloridaNewsSoutheast

Berkadia Arranges $65.5M Bridge Loan for Ocoee Townhomes in Metro Orlando

by Lynn Peisner

OCOEE, FLA. — Orlando, Florida-based Kimaya, the commercial real estate development subsidiary and affiliate of Park Square Enterprises, has obtained a $65.5 million bridge loan for Ocoee Village Townhomes, a 232-unit build-to-rent townhome community that opened in 2024 in Ocoee, 16 miles west of Orlando. The property is located within the Ocoee Village mixed-use development. Wesley Moczul of Berkadia Orlando led the transaction, with support from Mitch Sinberg, Brad Williamson, Scott Wadler, Matt Robbins and Jacob Kelly of Berkadia Miami. The team arranged the three-year, floating rate loan through Kayne …

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Marina-Shores-Long-Beach
Affordable HousingCaliforniaDevelopmentFinanceNewsWestern

Truist Provides $152M in Construction Financing for Long Beach Office Redevelopment

by Lynn Peisner

LONG BEACH, CALIF. — Truist has provided a $152 million construction loan to Carmel Partners for Marina Shores, a 390-unit mixed-income development underway at 6615 E. Pacific Coast Highway in Long Beach. The San Francisco-based investment and development firm is leading the six-story project, with completion slated for May 2029. The development will replace two older office buildings and surface parking with apartments and 5,351 square feet of ground-floor retail space. A third existing office building on the property will remain. Plans also call for 576 parking spaces, 196 bicycle …

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Perkins-Baltimore
Affordable HousingDevelopmentMarylandNewsNortheast

Financing Secured for Fifth Phase of $398M Baltimore Public Housing Redevelopment

by Lynn Peisner

BALTIMORE — McCormack Baron Salazar and the Housing Authority of Baltimore City have closed on financing for the next 150 apartments at Perkins Square, advancing the $398 million redevelopment of the former Perkins Homes in East Baltimore. Phases 5A and 5B, representing approximately $87 million in development costs, will include 111 income-restricted and 39 market-rate units. The first three phases of Perkins Square included 411 mixed-income units delivered between 2024 and 2025, while the 154-unit fourth phase is under construction with completion slated for 2027. Perkins Square is replacing Perkins …

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