News

Villages-of-Hayti-Durham
Affordable HousingDevelopmentNewsNorth CarolinaSoutheast

Gilbane Breaks Ground on Villages of Hayti Affordable Housing Redevelopment in Durham, North Carolina

by Lynn Peisner

DURHAM, N.C. — Gilbane Development, along with several project partners, has broken ground on Villages of Hayti, a 252-unit affordable housing community in the Hayti neighborhood of Durham. Gilbane’s partners include the Durham Housing Authority and Durham Community Partners, a group consisting of Harmony Housing Affordable Development and F7 Development. The Hayti Community Advisory Committee also participated. The project is a redevelopment of a 20-acre former public housing site called Fayette Place. Villages of Hayti is structured as a Low‑Income Housing Tax Credit (LIHTC) development and will provide homes rented …

Continue Reading
0 FacebookTwitterLinkedinEmail
3751-Delmas-Los-Angeles
Affordable HousingCaliforniaDevelopmentFinanceNewsWestern

Berkadia Arranges $15.6M Construction Loan for Two L.A. Affordable Housing Developments

by Lynn Peisner

LOS ANGELES — Berkadia has arranged $15.6 million in construction financing for two affordable housing projects in Los Angeles. Locally based Seachange Partners, founded in 2024, is the borrower. The lender was Genesis Capital. The developments are at 1723 Corinth Ave. in the Sawtelle neighborhood and 3751 Delmas Terrace in the Palms submarket. The two five-story projects will include a combined 79 units of deed-restricted affordable housing. Income caps were not disclosed. Construction is underway, with completion slated for 2027.

Continue Reading
0 FacebookTwitterLinkedinEmail
The James-Park-Ridge
Company NewsNews

Affinius Capital Completes $3.5B Acquisition of Veris Residential

by Lynn Peisner

SAN ANTONIO AND JERSEY CITY, N.J. — An investor group led by Affinius Capital has completed its acquisition of Veris Residential (NYSE: VRE). The acquisition was announced earlier this year and is now complete. Veris, a San Antonio-based publicly traded REIT, was removed May 27 from the New York Stock Exchange. Affinius and its partners, including Vista Hill Partners, have acquired all outstanding shares of common stock of Veris in an all-cash transaction representing an enterprise value of approximately $3.5 billion. Veris shareholders will receive $19 for each share owned. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Alta-Firewheel-Garland
Investment SalesNewsTexas

Wood Partners Sells Alta Firewheel in Garland, Texas

by Lynn Peisner

GARLAND, TEXAS — Wood Partners has sold Alta Firewheel in Garland to Pardue Cos. Wood Partners broke ground on the 250-unit community in December 2022 and completed the project in 2024. Amenities include a resort-style pool, fitness center, lounge and gaming area. Institutional Property Advisors’ Joey Tumminello, Drew Kile, Taylor Hill, Michael Ware and William Hubbard represented Wood Partners in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Bayside-Apartments-Sarasota
DevelopmentFinanceFloridaNewsSoutheast

Allen Morris Co. Secures $43M to Develop Phase II of Bayside in Sarasota, Florida

by Lynn Peisner

SARASOTA, FLA. — Developer Allen Morris Co. has secured a $43 million construction loan to develop Bayside North, the second phase of the $250 million Bayside project in Sarasota. Affinius Capital and Axonic Capital provided the financing. Bayside North will include a seven-story, 96-unit building with one-, two- and three-bedroom floor plans. Fifteen units are classified as workforce housing. Rent restrictions were not disclosed. The property will feature a top-floor clubhouse with views of Sarasota Bay. Ground-floor amenities include a pickleball court and a 3,000-square-foot restaurant. The broader Bayside community …

Continue Reading
0 FacebookTwitterLinkedinEmail
Hays-Park-Kyle
Investment SalesNewsTexas

Haven Housing Acquires Hays Park Apartments in Kyle, Texas

by Lynn Peisner

KYLE, TEXAS — Haven Housing, the multifamily and affordable housing division of Los Angeles-based BH Properties, has acquired Hays Park Apartments in Kyle, 21 miles southwest of Austin. Haven Housing was represented by Walker & Dunlop’s Kevin Dufour, Matt Pohl, Spencer Roy and Forrest Bass. Terms of the transaction were not disclosed. The 309-unit, garden-style property, located at 828 Bebee Road, was built in two phases in 2014 and 2016. Comprised of one- and two-bedroom floor plans, Hays Park was 90 percent occupied at the time of the sale. Amenities …

Continue Reading
0 FacebookTwitterLinkedinEmail
Central-Pointe-Newark
DevelopmentFinanceNew JerseyNewsNortheast

Drew Capital Arranges $16.3M Construction Loan for Central Pointe in Newark

by Lynn Peisner

NEWARK, N.J. — Akiva Drew, founder of Drew Capital, has arranged a $16.3 million loan through Trevian Capital for the construction of Central Pointe, a 77-unit property in the University Heights neighborhood of Newark. Locally based Giga Holdings is the borrower and developer. The six-story structure will be located at 380 Central Ave. between First Street and Morris Avenue. Floor plans will consist of one- and two-bedroom layouts, and 16 units will be set aside as affordable. Rent restrictions were not disclosed. Amenities include a fitness center and coworking and …

Continue Reading
0 FacebookTwitterLinkedinEmail
Colibri-Commons-East-Palo-Alto
Affordable HousingCaliforniaDevelopmentNewsOperationsWestern

MidPen, EPACANDO Open Colibri Commons, a 136-Unit Affordable Housing Community in East Palo Alto, California

by Lynn Peisner

EAST PALO ALTO, CALIF. — MidPen Housing and the East Palo Alto Community Alliance Neighborhood Organization (EPACANDO) have opened Colibri Commons, a 136-unit affordable housing community at 965 Weeks St. in East Palo Alto. Units are reserved for tenants earning no more than 30 and 60 percent of area median income. Units range from studio to four-bedroom floor plans. Amenities include a community room, an outdoor play area and free onsite services such as nutrition classes, adult education and after-school programming. MidPen Property Management is the property manager. Financing for …

Continue Reading
0 FacebookTwitterLinkedinEmail
Manors-Matteson
IllinoisMidwestNewsOperations

Haven Realty Sells Manors at Brookmere in Metro Chicago for $26.4M

by Lynn Peisner

MATTESON, ILL. — Haven Realty Capital has sold The Manors at Brookmere in Matteson to Haven Realty Capital for $26.4 million. Cushman & Wakefield’s Brad Smith, Jack Maloney and Anna Lovell represented Haven in the transaction. Haven subsequently tapped Daniel Management Group (DMG) to manage the property. The Manors at Brookmere is a 108-unit build-to-rent townhome community in Matteson, 31 miles south of Chicago. Units are offered in two- and three-bedroom layouts and include one- or two-car garage options and full-sized washers and dryers. The community, built in 2021 by …

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Point-at-Deerfield-Plano
ColoradoCompany NewsNewsOperationsTexasWestern

The Paskin Group Selects Asset Living to Manage 17-Property Portfolio

by Lynn Peisner

HOUSTON, TEXAS — Asset Living has assumed management of a 17-property portfolio owned by The Paskin Group. Thirteen of the 17 communities are in Texas and transitioned to Asset Living’s managed portfolio on May 13. The remaining properties are in Colorado. Asset Living will assume management of those communities in August. The Paskin Group is a Santa Barbara, California-based real estate investment company focused on acquiring value-add multifamily properties. Asset Living was ranked second in the National Multifamily Housing Council’s 2026 Top 25 with 288,665 units under management. The Houston-based …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2026 France Publications, dba France Media Inc.