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2-South-Main-Port-Chester
DevelopmentFinanceNew YorkNewsNortheast

Developers Secure $147.5M for 12-Story Development in Port Chester, N.Y.

by Lynn Peisner

PORT CHESTER, N.Y. — Walker & Dunlop has arranged $147.5 million in debt and equity for the construction of 2 South Main, a 12-story, 322-unit property with 5,000 square feet of retail in Port Chester. Hyperion Group and AIP are the developers, and LRC Construction is the general contractor. Winter Properties also is a partner in the project. Construction will begin in the fourth quarter of 2026. A completion date was not disclosed. Walker & Dunlop’s Mo Beler, Jonathan Paine, Cory Elbaum, Jackson Irwin and Dawson Jessee arranged the equity …

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Forge-Lenox
Affordable HousingDevelopmentMassachusettsNewsNortheast

Pennrose Opens Mixed-Income Property in the Berkshires

by Lynn Peisner

LENOX, MASS. — Pennrose has completed and opened Forge, a mixed-income community in Lenox. The 65-unit Forge includes 13 townhome-style buildings offering one-, two- and three-bedroom units, 50 of which are reserved for households earning 30 to 60 percent of area median income (AMI). Nine homes are reserved for tenants who qualify for Massachusetts Rental Voucher Program (MRVP) assistance, a state-funded rental subsidy. Fifteen units are designated as workforce housing, for households earning up to 120 percent of AMI. Funding came from a variety of public and private sources. Pennrose …

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Koda-Fremont
CaliforniaInvestment SalesNewsWestern

Sack Capital Partners Acquires Koda Apartments in San Francisco Bay Area

by Lynn Peisner

FREMONT, CALIF. — Sack Capital Partners, in partnership with LEM Capital, has acquired Koda Apartments, a 122-unit property in Fremont. Koda was built in 1970 and renovated in 2018. The 10 garden-style buildings are situated on approximately 5 acres. Units are a mix of one-, two- and three-bedroom floor plans The seller, which was not identified, has invested roughly $10 million in the property over the past six years, including a full interior renovation across all units, which now feature washers and dryers, updated electrical panels, new kitchen and bathroom …

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Avana-Bartram-Springs-Jacksonville
FloridaInvestment SalesNewsSoutheast

Greystar Buys 268-Unit Florida Property for $39.7M

by Lynn Peisner

JACKSONVILLE, FLA. — Greystar has acquired Avana Bartram Springs, formerly known as Reserve Bartram Springs, in Jacksonville. The garden-style property was built in 2006 is situated on approximately 24 acres. The 268 units are offered in one-, two- and three-bedroom floor plans complemented by a pool with grill areas, playground and a fitness center with spin and yoga rooms. Greystar is planning to renovate amenity spaces and units. According to the Jacksonville Business Journal, the seller was Fogelman Properties and the sales price was approximately $39.7 million.

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The-Quarry-Fox-Lake
Company NewsIllinoisMidwestNewsOperations

Daniel Management Group Selected to Manage The Quarry in Fox Lake, Illinois

by Lynn Peisner

FOX LAKE, ILL. — Daniel Management Group (DMG), a Chicago-based multifamily investment and property management firm, has been selected by Sterling Hall Capital to manage The Quarry, a 154-unit community under construction in Fox Lake, 54 miles north of Chicago. The first units will be complete later this year.

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Toscana-Parkway-Houston
Investment SalesNewsTexas

American Landmark Apartments Buys 292-Unit Asset in Houston

by Lynn Peisner

HOUSTON — American Landmark Apartments has acquired Park Avenue at Boulder Creek, a 292-unit property in Houston. The community will be rebranded as Toscana Parkway. Neither the seller nor the sales price was disclosed. Toscana Parkway marks Tampa, Florida-based American Landmark Apartments’ 14th owned asset in metro Houston. Built in 2009, Toscana Parkway offers one-, two- and three-bedroom apartments and a resort-style saltwater pool, fitness center, sauna, clubhouse, business center, volleyball court, playground and poolside grilling areas.

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Aventon-Nora-Raleigh
Investment SalesNewsNorth CarolinaSoutheast

Marcus Partners Follows Research Triangle Development With New Raleigh Acquisition

by Lynn Peisner

RALEIGH, N.C. — Marcus Partners has acquired Aventon Nora, a 372-unit community in North Raleigh. This purchase represents the Boston-based firm’s second investment in the Raleigh-Durham market — the first being the development of Alta Apex, a 280-unit Class A project under construction in Apex with completion slated for 2027. Aventon Nora is also a Class A property. Built in 2024, it consists of four residential buildings with one-, two- and three-bedroom units as well as some carriage-house style floor plans that include attached garages. Amenities include a resort-style pool …

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Bell-South-City-South-San-Francisco
Investment SalesNews

Bell Partners Acquires Two Apartment Communities for $226M

by Lynn Peisner

SOUTH SAN FRANCISCO, CALIF., AND READING, MASS. — Greensboro, North Carolina-based Bell Partners has acquired Bell South City West in South San Francisco and Bell Reading Commons in Reading in separate transactions totaling $226 million. The 195-unit Bell South City West, formerly known as Celeste, traded for $130 million, according to the San Francisco Business Times. Sares Regis Group of Northern California and an institutional equity partner sold the property. The 204-unit Bell Reading Commons, formerly known as Reading Commons, sold for $96 million, according to the Boston Business Journal. …

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Avilla-Land-O-Lakes
Build-to-RentDevelopmentFloridaNewsSoutheast

NexMetro Opens Third BTR Avilla Community in Metro Tampa

by Lynn Peisner

LAND O’ LAKES, FLA. — NexMetro has opened Avilla Silver Palm, a 180-home build-to-rent community in Land O’ Lakes, about 20 miles north of Tampa, Florida. This is NexMetro’s third Avilla Homes neighborhood in the greater Tampa market (the other two are Avilla Suncoast in Odessa and Avilla Cypress Creek in Sun City Center). Located at 11334 Zion Narrows Trail, Avilla Silver Palm sits on 26 acres and features mostly detached, single-level homes with private fenced backyards, front porches, optional garages and amenities such as a resort-style pool, outdoor lounge …

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Ibis-Park-St-Cloud
BerkadiaBuild-to-RentFinanceFloridaInvestment SalesNewsSoutheast

Bayshore Investment Partners Acquires Metro Orlando BTR Development for $29.4M, Berkadia Arranges Acquisition Loan  

by Lynn Peisner

ST. CLOUD, FLA. — Berkadia has arranged a $19.1 million loan for Miami-based Bayshore Investment Partners’ (BIP) acquisition of Ibis Park at Harmony West in St. Cloud, about 30 miles south of Orlando. Ibis Park at Harmony West is a 101-home build-to-rent community. Coral Gables, Florida-based BIP bought the property from D.R. Horton for $29.4 million. Brad Williamson, Kyle Ryan, Mitch Sinberg, Scott Wadler and Matt Robbins of Berkadia Miami arranged the five-year, fixed-rate loan. This is the fourth Florida BTR community BIP has acquired from D.R. Horton. The other …

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