News

Lakeside-Villas-Sunrise
FinanceFloridaInvestment SalesNewsSoutheast

Lakeside Villas in Miami Metro Sells for $23M

by Lynn Peisner

SUNRISE, FLA. — David Schwadrom has sold Lakeside Villas, a 116-unit, build-to-rent property in Sunrise, 36 miles north or Miami, for $23 million. The buyer is a joint venture consisting of MAP Communities, Highline Real Estate and 340 Properties. JLL arranged a $15.5 million acquisition loan on behalf of the buyer, while Marcus & Millichap arranged the sale on behalf of Schwadrom. The asset, built in 1984, had not traded during the past 30 years, approximately. The property sits on 14 acres and features single-family, two-bedroom, two-bathroom villas with private …

Continue Reading
0 FacebookTwitterLinkedinEmail
Kingston-McLean
BerkadiaInvestment SalesNewsNortheastVirginiaWashington, D.C.

Berkadia Arranges Sale of Kingston at McLean Crossing in D.C. Metro

by Lynn Peisner

MCLEAN, VA. — Berkadia has arranged the sale Kingston at McLean Crossing, a 319-unit property in McLean that was developed in 2018. JLL Income Property Trust and LCOR were the sellers. Pantzer Properties was the buyer. The deal closed on Jan. 30, at which time the asset was 96 percent occupied. Berkadia’s Brian Crivella, Yalda Ghamarian, Bill Gribbin and Jack Canepa of Berkadia DC Metro represented the sellers. Since the acquisition, Pantzer has rebranded the asset The Point at McLean. Located at 7480 Birdwood Ave., Kingston at McLean Crossing comprises …

Continue Reading
0 FacebookTwitterLinkedinEmail
The-District-Round-Rock-Texas
DevelopmentFinanceNewsTexas

Mark IV Secures $86 Million Construction Loan to Launch Dell Campus Redevelopment in Metro Austin

by Lynn Peisner

ROUND ROCK, TEXAS — Newport Beach California-based Mark IV Capital has received an $86 million construction for the first phase of The District in Round Rock, a master-planned, mixed-use project in Round Rock approximately 20 miles north of Austin. The lenders were BDT & MSD Partners and an affiliate of Apollo (NYSE: APO). George Smith Partners arranged the financing. Mark IV acquired the site from Dell Technologies in 2016 and has since been finalizing planning and entitlements. Loan proceeds will fund vertical construction of Phase I, which consists of a …

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingFinanceGeorgiaNewsSoutheast

Churchill Stateside Group Closes $14 Million Loan for Lakeview Terrace in Augusta

by Lynn Peisner

AUGUSTA, GA. — Affordable housing finance firm Churchill Stateside Group has arranged and closed a $14 million FHA 223(f) loan for Lakeview Terrace, a recently completed, 200-unit community in Augusta restricted to households earning no more than 60 percent of area median income. The FHA 223(f) loan provides long-term, fixed-rate financing for existing multifamily properties, including newly constructed communities transitioning from construction to permanent financing. In addition to the loan, the project also was funded by 4 percent federal and state low-income housing tax credits. Details about the development team …

Continue Reading
0 FacebookTwitterLinkedinEmail
Arista-Glendale
CaliforniaFinanceNewsWestern

IPA Arranges $52M Refinancing for Glendale, California, Property

by Lynn Peisner

GLENDALE, CALIF, — IPA Capital Markets has arranged a $52 million refinancing loan for Arista Glendale, a 98-unit property in Glendale. Dwight Capital was the lender. IPA’s Stefen Chraghchian, based in Encino, California, arranged the five-year, interest-only loan. AHC Capital Holdings and Adept developed the property. Arista Glendale was a redevelopment of a former office building. Amenities include a resort-style pool with private cabanas, grills, an entertaining kitchen, coworking spaces, a package locker system, garage parking and a 24-hour fitness center.

Continue Reading
0 FacebookTwitterLinkedinEmail
Coro-Los-Angeles
CaliforniaDevelopmentLeasing & MarketingNewsWestern

CIM Group Opens Coro in Los Angeles

by Lynn Peisner

LOS ANGELES — CIM Group has completed and opened Coro, a six-story, 168-unit property with 40,000 square feet of ground-floor retail in the West Adams neighborhood of Los Angeles. Units are offered as studios, one- and two-bedroom floor plans, and 17 apartments are reserved for households earning no more than 30 percent of area median income. CIM Group acquired the 1.3-acre Opportunity Zone property for the Coro project in 2023 from the West Angeles Church of God in Christ. Coro replaces the vacant former church, which relocated to the intersection …

Continue Reading
0 FacebookTwitterLinkedinEmail
Parkside-Tampa
Build-to-RentDevelopmentFloridaLeasing & MarketingNewsSoutheast

ARK Homes For Rent Opens Tampa Townhome Community

by Lynn Peisner

TAMPA, FLA. — ARK Homes For Rent has completed and opened Parkside, a 75-unit rental townhome community in Tampa. Units are offered as three- and four-bedroom floor plans, and amenities include walking paths and a dog park. Monthly asking rents start at $1,995. ARK Homes For Rent also offers a mobile app that helps residents pay rent, submit maintenance requests and work orders, access HOA information and shop in a tailored marketplace. It also includes access to the ARK Living platform, which provides custom health content and on-demand wellness features.

Continue Reading
0 FacebookTwitterLinkedinEmail
Canterbury-Green-Fort-Wayne
IndianaInvestment SalesMidwestNews

Morgan Properties Buys 2,000-Unit Canterbury Green in Fort Wayne

by Lynn Peisner

FORT WAYNE, IND. — Pennsylvania-based Morgan Properties has acquired Canterbury Green, a 1,998-unit community situated across 195 acres in Fort Wayne. The seller was a joint-venture between New York City-based Osso Capital and Philadelphia-based GoldOller Real Estate Investments. CBRE’s Hannah Ott, George Tikijian, Cam Benz, Claire Hassfurther, Ryan Stockamp, Taylor Ford and Sean Pingel represented the seller. GoldOller and Prospect Capital Corp. bought the property from AIMCO Holdings QRS in 2014 for $85.5 million. The asset, among the larger single-site multifamily communities in the nation, was developed between 1969 and …

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Henley-Grand-Prairie
FinanceNewsTexas

Walker & Dunlop Arranges $44.6 Million Refinancing for The Henley in Grand Prairie, Texas

by Lynn Peisner

GRAND PRAIRIE, TEXAS — Walker & Dunlop has arranged a $44.6 million loan to refinance The Henley, a 255-unit property in Grand Prairie. Goldman Sachs Alternatives was the lender, and Dallas-based StoneHawk Capital Partners was the borrower. Located at 3850 Double Oak Ave., The Henley is comprised of one- and two-bedroom units. Amenities include a clubhouse with a golf simulator, conference room, business lounge, game room and kitchen area. Additionally, the property features a resort-style pool, a rooftop lounge, a fitness center, package room, controlled gate access and a dog …

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentNewsOklahoma

Dominium Acquires Land for Oklahoma Affordable Housing Development

by Lynn Peisner

OKLAHOMA CITY — Dominium has announced the acquisition of land in Oklahoma City, with plans to construct The Scott, a new LIHTC affordable housing community. Located at 2124 NW 192nd St., The Scott marks Dominium’s second new-construction project in Oklahoma. The community will be comprised of 184 homes in a mix of two-story walk-up and townhome-style buildings. Amenities will include a clubhouse, fitness center, business center, playground and a pool. Completion is slated for January 2028. Specific income restrictions were not disclosed, but monthly asking rents are estimated to fall …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2025 France Publications, dba France Media Inc.