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Banyan Kingsland Heights in Katy, Texas
Build-to-RentInvestment SalesNewsTexas

JLL Capital Markets Brokers Sale of 97-Unit Build-to-Rent Community in Katy, Texas

by Channing Hamilton

KATY, TEXAS — JLL Capital Markets has completed the sale of Banyan Kingsland Heights, a 97-unit build-to-rent development in the Houston suburb of Katy. Matthew Putterman, Jim Humphries, Daniele Colbertaldo and Rhett Robins led the JLL Capital Markets Investment Sales and Advisory team representing the seller, Banyan Residential, in the deal. The buyer was not disclosed. Banyan Kingsland Heights was completed in 2021. The project offers single family homes in three- or four-bedroom layouts across 27 acres. Homes average 1,876 square feet in size and feature two-car garages, privacy fencing, …

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Bishops Woods in Brookfield, Wisconsin
Affordable HousingDevelopmentMidwestNewsWisconsin

McShane to Construct 203-Unit Affordable Housing Community in Brookfield, Wisconsin

by Channing Hamilton

BROOKFIELD, WIS. — McShane Construction Co. will serve as the general contractor for Bishops Woods, a 203-unit affordable housing community in the western Milwaukee suburb of Brookfield. The development is situated on nearly four acres at 350 Bishops Way. Plans call for a four-story, podium-style building atop a two-story, underground parking garage. Knothe & Bruce Architects is the project architect. Bishops Woods will offer one-, two- and three-bedroom floor plans. Amenities will include a clubroom, fitness center, outdoor grill area and playground. The community will be available to households earning …

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Orchard Village in Aurora, Illinois
IllinoisInvestment SalesMidwestNews

MLG Capital Acquires 272-Unit Orchard Village in Aurora, Illinois

by Channing Hamilton

AURORA, ILL. — MLG Capital has acquired Orchard Village, a 272-unit community situated in the western Chicago suburb of Aurora. MLG acquired an interest in the property using 1031 exchange proceeds from its Legacy Fund, which offers a tax-deferred exit strategy for private real estate owners. The sale price was not disclosed. Orchard Village was built in 2000 and is located at 1240 W. Indian Trail. The community offers amenities such as a pool, dog park, clubhouse and fitness center.

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AVA North Hollywood in Los Angeles
CaliforniaInvestment SalesNewsWestern

Institutional Property Advisors Brokers $62 Million Sale of AVA North Hollywood in Los Angeles

by Channing Hamilton

LOS ANGELES — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of AVA North Hollywood, a 156-unit community in the NoHo Arts District of Los Angeles. Prime Residential acquired the property from AvalonBay Communities Inc. for $62.1 million. Kevin Green, Joseph Grabiec and Gregory Harris of IPA represented the seller and procured the buyer in the deal. AVA North Hollywood was constructed in 2015. Amenities include a pool and spa, clubroom, sky deck, leasing office, movement studio, cybercafé and business center. The property also …

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Affordable HousingDevelopmentFinanceNews

MassDevelopment Provides $21.8 Million in Bond Financing for Affordable Housing Project in Boston

by Channing Hamilton

BOSTON — MassDevelopment has provided $21.8 million in tax-exempt bond financing for a 63-unit affordable housing project current underway in Boston’s Hyde Park neighborhood. The borrower and developer is an affiliate of B’nai B’rith Housing. Eastern Bank purchased the bond. The Massachusetts Executive Office of Housing & Livable Communities provided $16.1 million in tax credit equity for the project. The development will offer one-bedroom apartments for households earning 30, 50 or 60 percent or less of the area median income.

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Investment SalesNewsNortheastRhode Island

CBRE Arranges Sale of 140-Unit Mill Creek Townhomes in North Kingstown, Rhode Island

by Channing Hamilton

NORTH KINGSTOWN, R.I. — CBRE has negotiated the sale of Mill Creek Townhomes, a 140-unit complex located in North Kingstown, 24 miles south of Providence. The property was built in 1968 a 47-acre site then expanded in 2006. The community offers two-, three- and four-bedroom units with an average size of 1,126 square feet. Landings Real Estate Group, a private investment group based in Newport, Rhode Island, acquired Mill Creek Townhomes from an affiliate of Massachusetts-based investment firm The Grossman Cos. CBRE’s Simon Butler, Biria St. John, John McLaughlin and …

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Eleven600 Apartments in Dallas
Investment SalesNewsTexas

Anthem Development, ATX Acquisitions Purchase 216-Unit Eleven600 Apartments in Dallas

by Channing Hamilton

DALLAS — A joint venture between locally-based Anthem Development and Austin-based ATX Acquisitions has purchased Eleven600 Apartments, a 216-unit community located in the Lake Highlands region of Dallas. The seller and sales price were not disclosed. Eleven600 Apartments offers units in one- and two-bedroom layouts. Amenities include a pool, clubhouse, fitness center, playground, sports court and outdoor grilling and dining stations. The new owners plan to implement a value-add program at the community.

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BerkadiaDevelopmentFinanceFloridaNewsSoutheast

Berkadia Arranges $97 Million Construction Loan for The Carlton at Robinson Gateway in Palmetto, Florida

by Channing Hamilton

PALMETTO, FLA. — Berkadia has negotiated a $97 million construction loan for The Carlton at Robinson Gateway, a 610-unit development in Palmetto. Mitch Sinberg, Bryan Brown, Matt Robbins, Scott Wadler and Brad Williamson of Berkadia arranged the financing through Goldman Sachs Private Bank, a division within its Wealth Management platform. The Mahaffey Apartment Co., the borrower and developer, expects to break ground on the community this summer. Esterline Construction is the general contractor on the project. The Carlton at Robinson Gateway will offer one-, two- and three-bedroom units ranging from …

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The Arcadian in Fort Lauderdale, Florida
Affordable HousingDevelopmentFinanceFloridaNewsSoutheast

Centennial Bank Provides $84.4 Million Construction Loan for Affordable Housing Project in Fort Lauderdale, Florida

by Channing Hamilton

FORT LAUDERDALE, FLA. — Centennial Bank has provided an $84.4 million loan to facilitate the construction of The Arcadian, an affordable housing development located in the Sistrunk District of Fort Lauderdale. Sunshine Shipyard LLC, an affiliated company of a joint venture between Fuse Group and Boca Paila LLC, was the borrower and developer.  Situated at 640 NW 7th Avenue, The Arcadian will comprise 478 apartments. The property also includes 15,000 square feet of ground-floor retail and a 212,000-square-foot parking garage. Units will be available to households earning between 100 and …

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FinanceGeorgiaNewsSoutheast

Walker & Dunlop Brokers $78.6 Million Refinancing for Ann Street Lofts in Savannah, Georgia

by Channing Hamilton

SAVANNAH, GA. — Walker & Dunlop has brokered a $78.6 million bridge loan to facilitate the refinancing of Ann Street Lofts, a 389-unit property in Savannah’s Historic District. Ann Steet Lofts was completed in 2023 and rises six stories. The property offers 162 studios, 51 one-bedroom units, 19 two-bedroom apartments and 10,000 square feet of retail space. Amenities include co-working spaces, an art studio, fitness center and EV charging stations. The borrower and developer, Tidal Real Estate Partners LP, plans to use the five-year loan retires previous construction debt on …

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