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Avilla-McDonough
Build-to-RentDevelopmentGeorgiaLeasing & MarketingNewsSoutheast

NexMetro Opens Avilla Holloway in Stockbridge, Georgia

by Lynn Peisner

STOCKBRIDGE, GA. — NexMetro has opened the first units at Avilla Holloway, a 136-unit build-to-rent property on 14 acres in the Atlanta suburb of Stockbridge. The gated neighborhood features single-level, mostly detached homes in one-, two- and three-bedroom floor plans with private entrances, front porches and private backyards. Amenities include a resort-style pool and hot tub, outdoor kitchen and grills, dog park (no breed restrictions), landscaped open spaces, an indoor community meeting space, covered parking, optional garages and a 24-hour maintenance team. A second NexMetro Avilla project in the Atlanta …

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Thomas-Rowe-ECI-Group
Company NewsGeorgiaNewsPeople NewsSoutheast

ECI Group Hires Thomas Rowe as CFO

by Lynn Peisner

ATLANTA — ECI Group, an Atlanta-based development, management and investment firm, has hired Thomas Rowe as chief financial officer (CFO). He replaces Ben Engel, who held the position for the past 10 years. Rowe joins ECI after serving for more than a decade as chief financial officer at SJC Ventures, an Atlanta-based company specializing in the development of Whole Foods Market-anchored projects. At SJC, he directed financial strategies for approximately $1.4 billion in ground-up development spanning about 3.1 million square feet of retail, multifamily and mixed-use developments. Prior to SJC …

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Marlowe-Wellington-Fort-Worth
FinanceNewsTexas

Affinius Capital Provides Refinancing Loan for Marlowe Wellington in Fort Worth, Texas

by Lynn Peisner

FORT WORTH, TEXAS — Affinius Capital has provided a loan to Greystar for the refinancing of Marlowe Wellington, a three-story property consisting of 594 units in Fort Worth. Walker Layne of Walker & Dunlop arranged the financing. Greystar opened the property in July 2025. Marlowe Wellington offers one- to four-bedroom apartments and townhomes. Amenities include two resort-style pools, a fitness center, lakeside walking trail, basketball court, dog park, grilling areas, cabanas and private coworking spaces. In May, Veris Residential was acquired by an Affinius Capital-led investor consortium for $3.4 billion.

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NEMA-Chicago
FinanceIllinoisMidwestNews

JLL Arranges $332M for Chicago Luxury Tower Refinancing

by Lynn Peisner

CHICAGO — JLL has arranged a $275 million loan and $57 million in mezzanine financing for NEMA Chicago, a 76-story luxury tower at 1210 South Indiana Ave. in Chicago. The property was developed in 2019 by Miami-based Crescent Heights, which is the borrower. The five-year, fixed-rate loan was provided by New York Life Insurance Co., while the mezzanine loan was sourced through PGIM’s real estate business. NEMA Chicago features 70,000 square feet of amenities spanning indoor and outdoor pools, a full-size basketball court, squash court, boxing ring, golf simulator, movie …

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Floret-Hill-Lawrence
Affordable HousingDevelopmentFinanceKansasMidwestNews

Wheatland Investments Group Obtains $10.8M Loan for Affordable Housing Development in Lawrence, Kansas

by Lynn Peisner

LAWRENCE, KAN. — Merchants Capital has secured a $10.8 million Freddie Mac loan for Floret Hill, a 121-unit affordable housing development in Lawrence. The developer, Gardner, Kansas-based Wheatland Investments Group, also has obtained federal and state Low-Income Housing Tax Credit equity, while the City of Lawrence donated 12 acres of land and committed approximately $1 million to the project. Floret Hill will offer one-, two- and three-bedroom apartments across 11 residential buildings, with 37 units restricted to residents earning up to 40 percent of area median income (AMI) and 84 …

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Marti-Burrows-Asset-Living
Company NewsNewsOperationsPeople NewsTexas

Marti Burrows Appointed COO of Asset Living

by Lynn Peisner

HOUSTON — Asset Living has appointed Marti Burrows to chief operating officer to oversee operations across Asset Living’s national portfolio. Asset is ranked second on The National Multifamily Housing Council’s Top 50 Managers list. The Houston-based company manages approximately 450,000 units nationally. Prior to joining Asset Living, Burrows served as managing director and head of asset management for housing and alternatives at Nuveen Real Estate. She previously held executive leadership roles at Greystar, where she helped expand the firm’s owned asset platform and launched its build-to-rent single-family rental platform. Burrows …

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Masons Keepe-Manassas
BerkadiaInvestment SalesNewsSoutheastVirginia

Berkadia Arranges Sale, Financing for Masons Keepe in Manassas, Virginia

by Lynn Peisner

MANASSAS, VA. — Bridge Investment Group has acquired Masons Keepe, a 270-unit property in Manassas for an undisclosed sum. Brian Crivella, Bill Gribbin, Yalda Ghamarian and Jack Canepa of Berkadia D.C. Metro along with Drew White of Berkadia Richmond arranged the sale on behalf of the seller, an entity doing business as University Village Apartments LLC. Located at 9000 Landings Drive, Masons Keepe was built in 2004 and consists of 17 buildings within a gated community. Units are offered as one- and two-bedroom floor plans. Brad Williamson of Berkadia Miami …

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Alafia-East-New-York
Affordable HousingDevelopmentFinanceNew YorkNewsNortheast

Apex, L+M Obtain $217M to Finance Phase II of Alafia in Brooklyn

by Lynn Peisner

NEW YORK CITY — Apex Building Group and L+M Development Partners have obtained approximately $217 million in financing for the third phase of the Alafia project, an affordable housing community in the East New York neighborhood of Brooklyn. The nonprofits RiseBoro Community Partnership and Services for the Underserved also are partners. The financing package is backed by federal and state affordable housing tax credits, tax-exempt bonds, state subsidies, construction loans from Redstone Bank, funding from Goldman Sachs Urban Investment Group and more. Phase III will consist of two residential buildings …

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Stamford-Urby-Connecticut
ConnecticutInvestment SalesNewsNortheast

CBRE Arranges $221M Sale of Stamford Urby

by Lynn Peisner

STAMFORD, CONN. — Urby, a joint venture between Ironstate Development and Brookfield Properties, has sold Stamford Urby to Pantzer for $221 million. CBRE’s Jeffrey Dunne, Eric Apfel, Stuart MacKenzie, Travis Langer, and Eric Greenberg arranged the sale. Manhattan-based Pantzer has renamed the property The Point Stamford. Maxi Leachman of CBRE secured an undisclosed amount of debt for Pantzer. The property was developed in two phases (2019 and 2023) and features a 5,500-square-foot fitness center, heated pool, an courtyard, coworking spaces, a lobby, café, outdoor fire pits and grills, covered parking, …

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21-Hollywood-Florida
FloridaLeasing & MarketingNewsSoutheast

Pre-Leasing Begins at 21 Hollywood in South Florida

by Lynn Peisner

HOLLYWOOD, FLA. — Starlife Group has launched pre-leasing at 21 Hollywood, a 200-unit luxury community in Hollywood, Florida. The 14-story mixed-use tower at 2100 N. Federal Highway includes 10,000 square feet of retail, a pool with private cabanas, fitness center with dedicated yoga and Pilates studio, coworking spaces, cinema room, game room, golf simulator, a children’s play area and a dog park and dog-washing station. Full project completion is slated for early 2027. Starlife is headquartered in Miami.

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