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Maple Bay Townhomes in Virginia Beach, Virginia
Investment SalesNewsSoutheastVirginia

Hamilton Zanze Sells 414-Unit Maple Bay Townhomes in Virginia Beach, Virginia

by Channing Hamilton

VIRGINIA BEACH, VA. — Hamilton Zanze has sold Maple Bay Townhomes, a 414-unit asset situated at 356 S Chesire Court in Virginia Beach, a coastal city located about 18 miles east of Norfolk, Virginia. The firm sponsored the acquisition of the property in 2019. The buyer and sales price were not disclosed. Maple Bay was built in 1971. The property offers one-, two- and three-bedroom townhomes ranging from 1,000 to 1,400 square feet. Community amenities include a pool and spa, splash pad, clubhouse, fitness room, dog park, car wash station, …

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Riverside Manors in Fort Lauderdale, Florida
FloridaInvestment SalesNewsSoutheast

Marcus & Millichap Brokers $2.1 Million Sale of 10-Unit Property in Fort Lauderdale, Florida

by Channing Hamilton

FORT LAUDERDALE, FLA. — Marcus & Millichap has brokered the sale of Riverside Manors, a 10-unit asset located at 713 SW 13th Ave. in Fort Lauderdale. The garden-style community offers a mix of one- and two-bedroom apartments. Amenities include a pool, fire pit and on-site parking. Tropical View Apartments sold the property to a local private investor for $2.1 million. Daniel Cunningham, Evan Richardson, Dillon Majeski and River Rhoads of Marcus & Millichap’s Fort Lauderdale office marketed the property on behalf of the seller and procured the buyer.

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Grover Landing in Warner Robins, Georgia
Build-to-RentDevelopmentFinanceGeorgiaNewsSoutheast

Parkland Residential Secures $57 Million Refinancing for Build-to-Rent Development in Warner Robins, Georgia

by Channing Hamilton

WARNER ROBINS, GA. — Parkland Residential has secured $57 million in financing for Grover Landing, a 317-unit build-to-rent development currently underway in Warner Robins, approximately 20 miles south of Macon, Georgia. The loan will be used to refinance the units that have already been completed at the community. Grover Landing offers two-, three- and four-bedroom residences. Amenities include a pool with a cabana, playground, pocket parks and a playfield, as well as yard maintenance, pest control, home repairs and appliances. Avi Kozlowski, Thomas Wayda and Dante Distefano of Greystone arranged …

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Switch in Colorado Springs, Colorado
ColoradoDevelopmentNewsWestern

Thompson Thrift to Develop 276-Unit Switch in Colorado Springs, Colorado

by Channing Hamilton

COLORADO SPRINGS, COLO. — Indianapolis-based Thompson Thrift will develop Switch, a 276-unit community situated within the Polaris Pointe development in Colorado Springs. Construction is slated to begin imminently, with first resident move-ins slated for fall 2025. Switch will feature one-, two- and three-bedroom apartments. The average unit size will be approximately 1,000 square feet. Planned amenities include a fitness center, pool, electric fire pits, a billiards and shuffleboard area, bike storage and workshop, outdoor entertainment kitchen, community-wide Wi-Fi, a conference room, dog park, pet spa and Starbucks coffee bar. The …

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Cedar Ridge at Forest Lake in Davenport, Florida
Build-to-RentFinanceFloridaInvestment SalesNewsSoutheast

Berkadia Arranges $13.2 Million Acquisition Loan for 70-Unit Build-to-Rent Community Near Orlando

by Channing Hamilton

DAVENPORT, FLA. — Berkadia has arranged $13.2 million in acquisition financing for Cedar Ridge at Forest Lake, a 70-unit build-to-rent community located at 2860 Cedar Ridge Court in Davenport, approximately 40 miles southwest of Orlando.  Cedar Ridge at Forest Lake was recently built in 2023. The community offers three-, four- and five-bedroom single family units with integrated smart home technology, attached two-car garages, fenced backyards, stainless steel appliances and washers and dryers. Community amenities include pet-friendly spaces, a playground and pool. Brad Williamson, Mitch Sinberg, Scott Wadler, Matthew Robbins and …

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DevelopmentLeasing & MarketingNew JerseyNewsNortheast

Larken Associates Begins Pre-Leasing 120-Unit Community in Pohatcong, New Jersey

by Channing Hamilton

POHATCONG, N.J. — Larken Associates has begun pre-leasing Monte View at Pohatcong, a 120-unit garden-style community located at 1001 Monte View Drive in Pohatcong, less than a mile from the New Jersey-Pennsylvania border. The community consists of four buildings. One building includes a clubhouse on the ground level, which features a lounge, game room, coworking space and a kitchen. Additional amenities include a fitness center, pool with a tanning ledge, outdoor seating area with outdoor grills, children’s playground, dog park and pet spa. Monte View at Pohatcong is scheduled to …

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Palladium Old FM 471 in San Antonio
Affordable HousingDevelopmentNewsTexas

Palladium USA Breaks Ground on $79 Million Mixed-Income Development in San Antonio

by Channing Hamilton

SAN ANTONIO — Dallas-based developer Palladium USA has broken ground on Palladium Old FM 471, a $79 million mixed-income project located on an 11-acre site in San Antonio. The community will offer 321 apartments in one-, two- and three-bedroom layouts. Units will be reserved for households earning between 30 and 80 percent of the area median income.  Community amenities will include a pool, fitness center, conference room, business center, dog park and a children’s playroom. Preleasing is scheduled to begin next fall. Palladium USA is developing the project in partnership …

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Eastpark in Denton, Texas
Investment SalesNewsTexas

Institutional Property Advisors Arranges Sale of 333-Unit Eastpark in Suburban Dallas

by Channing Hamilton

DENTON, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Eastpark, a 333-unit community in Denton, 40 miles north of downtown Dallas. The three-story, garden-style asset was constructed in 2022 on 11 acres. Amenities include a pool, storage units, package lockers, covered parking and detached garages. Eastpark is located within Rayzor Ranch, a 412-acre mixed-use project that also offers retail, restaurant, and office space, as well as hotels and medical facilities. Drew Kile, Michael Ware, Joey Tumminello, Taylor Hill, Cameron Purse and Will Balthrope of …

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FinanceIllinoisInvestment SalesMidwestNews

Greystone Provides $18.2 Million Acquisition Loan for Cornelia-Stratford in Chicago

by Channing Hamilton

CHICAGO — Greystone has provided an $18.2 million Fannie Mae Delegated Underwriting & Servicing loan for the acquisition of Cornelia-Stratford, a 139-unit community in Chicago. Originally built in 1927, Cornelia-Stratford offers studio, one-, two-, three- and four-bedroom units. The mid-rise community features amenities such as bike storage, laundry facilities and tenant lounge. Clint Darby and Andrew Remenschneider of Greystone originated the financing. The non-recourse, fixed-rate loan features a 15-year term, with interest-only payments for the first five years of the term. The borrower was not disclosed.

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Union at A2 in Ann Arbor, Michigan
DevelopmentMichiganMidwestNews

The Annex Group to Build $82 Million Affordable Housing Community in Ann Arbor, Michigan

by Channing Hamilton

ANN ARBOR, MICH. — The Annex Group plans to build Union at A2, an $82 million affordable housing community in Ann Arbor. The 250-unit development will offer one-, two- and three-bedroom floor plans. Union at A2 will be available to residents earning at or below 70 percent of the area median income. Planned amenities include a community center, bike storage, fitness center, outdoor picnic area and playground. Partners on the project include BKV Group, Midwestern Consulting and the City of Ann Arbor. Michigan State Housing Development Authority provided $35 million …

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