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The-Greene
DevelopmentGeorgiaNewsSoutheast

RangeWater Breaks Ground on Suburban Atlanta Development

by Lynn Peisner

LAWRENCEVILLE, GA. — RangeWater Real Estate has broken ground on The Greene in Lawrenceville, about 30 miles northeast of Atlanta. The development is RangeWater’s seventh ground-up project in the Atlanta suburbs and its 28th in Georgia to date. Kinea Investimentos, a Sao Paulo-based investment firm, is a financial partner in The Greene. RangeWater’s internal construction division, RangeWater Construction, is leading the building efforts on the 21-acre site. The property’s 300 units will be offered in a unit mix that includes studios and one-, two- and three-bedroom floor plans. A resort-style …

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bode-columbia-city-Seattle
DevelopmentFinanceNewsWashingtonWestern

Dwight Mortgage Trust Provides $44 Million Bridge Loan to Seattle Developer

by Lynn Peisner

SEATTLE — Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, has provided a $44 million bridge loan for Seattle-based developer Bode. The financing retires existing construction debt, covers loan transaction costs, funds an interest reserve and supports final construction completion of two assets, Bode Columbia City and Bode Tacoma Dome. Bode Columbia City in Seattle is an 80-unit property featuring one- and two-bedroom floor plans. Bode Tacoma Dome is a 164-unit community in Tacoma, Washington, offering studios and one-, two- and three-bedroom floor plans.

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Langston-on-Seventh-DC
DevelopmentNewsNortheastWashington, D.C.

The Langston on Seventh Opens Near Howard University

by Lynn Peisner

WASHINGTON, D.C. — The Langston on Seventh, a 204-unit apartment community, has opened at the corner of 7th and S streets in Washington, D.C. The developers were Quadrangle Development and Capstone Development. Cooper Carry was the architect, and SK&A and PDI provided engineering services. Built on the former site of a Howard University research building, the eight-story, 280,000-square-foot community features 14,554 square feet of ground-floor retail, a 74-space, below-grade parking deck, a lobby, a pool deck, outdoor grills and dining areas, coworking spaces, a chef’s kitchen, sports simulator, a conference …

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The-Arbors-at-Brighton-Park-Bloomfield
ConnecticutInvestment SalesNewsNortheast

Paredim Communities Sells Arbors at Brighton Park in Connecticut

by Lynn Peisner

BLOOMFIELD, CONN. — Institutional Property Advisors (IPA) has arranged the sale of The Arbors at Brighton Park, a 132-unit community in Bloomfield, about six miles northwest of Hartford, Connecticut. IPA’s Victor Nolletti, Eric Pentore and Wes Klockner, represented the seller, Paredim Communities, and procured the buyer, Beachwold Residential LLC. The Arbors at Brighton Park was completed in 2017 and features controlled access, a clubhouse with a coffee bar, grills and verandas. The unit mix includes one-, two- and three-bedroom floor plans, all of which have full-size washers and dryers, walk-in …

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san-juan-del-centro-boulder-Colo
Affordable HousingColoradoInvestment SalesNewsWestern

Jonathan Rose Cos. Buys Boulder Affordable Housing Community, Extends Rent Restrictions

by Lynn Peisner

BOULDER — New York City-based investment firm Jonathan Rose Cos. has acquired San Juan del Centro Apartments in Boulder from Related Cos. for $56 million. Jeff Irish and Jordan Skyles from Berkadia Real Estate Advisors arranged the sale of the Section 8 and LIHTC property. Berkadia also provided an acquisition loan. Additionally, the capital stack included equity from the $660 million Rose Affordable Housing Preservation Fund VI. San Juan del Centro’s 150 units are reserved for families earning at or below 60 percent of area median income. Jonathan Rose Cos. …

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Autumn-Park-Oxford
NewsNorth CarolinaOperationsSoutheast

29 Street Living Tapped to Manage Autumn Park in North Carolina

by Lynn Peisner

OXFORD, N.C. — Chicago-based 29th Street Living has been selected to manage Autumn Park Apartments, a 128-unit community in Oxford, about 40 miles north of Raleigh, North Carolina. The asset is owned by New York City-based Newbrook Capital. Autumn Park was built in 2005 and offers one-, two- and three-bedroom units. Amenities include a pool and a 24-hour fitness center.

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Roseland-Dallas
Affordable HousingDevelopmentFinanceNewsTexas

Dallas Housing Authority Secures $69 Million Bond Reservation to Renovate Two Affordable Communities

by Lynn Peisner

DALLAS — The Housing Authority of the City of Dallas (DHA) has secured a $69 million bond reservation for the renovation of Roseland Townhomes and Roseland Estates, two affordable housing communities in Central Dallas. The bond reservation is not the entire project cost, rather it is an early piece of the capital stack, enabling DHA to receive 4 percent Low-Income Housing Tax Credits (LIHTC). The redevelopment will include new kitchens, bathrooms, plumbing, flooring, appliances and fixtures in the properties’ 274 units. DHA also will upgrade the recreation center, building infrastructure, …

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Aureum-Franklin
DevelopmentNewsSoutheastTennessee

EMBREY Breaks Ground in Franklin, Tennessee

by Lynn Peisner

FRANKLIN, TENN. — EMBREY has closed on financing, provided by Texas Capital, and begun construction of Thatcher at Aureum, located in the 22-acre Aureum mixed-use development in the Nashville suburb of Franklin. This marks San Antonio-based EMBREY’s fourth multifamily project in Franklin. Completion is slated for the third quarter of 2027. The 296 studio-to-three-bedroom floor plan options will be offered along with amenities such as a clubhouse with workspaces, a resort-style pool and a hot tub, a rooftop terrace, fitness and yoga studios, a 24-hour package room with refrigeration, bike …

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TLC-Buford
FinanceGeorgiaInvestment SalesNewsSoutheast

Walker & Dunlop Arranges $352 Million in Sales, Acquisition Financing for Two Metro Atlanta Assets

by Lynn Peisner

ATLANTA — Walker & Dunlop has arranged $352 million for the total acquisition financing and sale of Town Laurel Crossing and Manor Barrett, two communities in the Atlanta metro area that were developed in 2024 by Related Group. The 360-unit Town Laurel Crossing, which was rebranded as Timberline View following the acquisition, is located in Buford, 38 miles northeast of Atlanta. Manor Barrett, now known as The Row at Barrett, is a 347-unit community in Kennesaw, 29 miles northwest of Atlanta. Walker & Dunlop’s team that arranged the sales of …

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Compton
Affordable HousingCaliforniaDevelopmentFinanceNewsWestern

KeyBank Provides $25.9 Million Loan for Compton Affordable Housing Development

by Lynn Peisner

COMPTON, CALIF. — KeyBank Community Development Lending and Investment has provided a $25.9 million loan to finance construction of an affordable housing development at 1434 W. Compton Blvd. in the metro Los Angeles city of Compton. The Coalition for Responsible Community Development (CRCD) has partnered with LandSpire Group to develop the 75-unit community. The project will be a three-story development consisting of studios and one- and two-bedroom units, all of which will be rent restricted at or below 50 percent of the area median income. Additional LIHTC equity and Freddie …

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