IRVING, TEXAS — Marcus & Millichap has brokered the sale of Tucasa Townhomes, a 128-unit community in the Dallas suburb of Irving. Al Silva, Ford Braly and Dylan York of Marcus & Millichap represented the undisclosed seller and procured the buyer, an out-of-state partnership. According to Apartments.com, Tucasa Townhomes was built in 1964. Units come in studio, one- and two-bedroom floor plans. Amenities include a pool and a courtyard.
NEW YORK CITY — Merchants Capital has provided $320 million in financing for the renovation of Edenwald Houses, an affordable housing complex in The Bronx borough of New York City. The property was originally developed in the 1950s and is the second largest New York City Housing Authority property in the state. Edenwald Houses is currently home to more than 5,000 residents. Merchants Capital secured a New York Housing Development Corp. Freddie Mac Risk Share Loan on behalf of the property developer, Camber Property Group. The funds will be used …
ST. PETERS, MO. — TWG has broken ground on Reserve at Spencer, a $42.9 million affordable community in St. Peters. Reserve at Spencer will offer 192 units across four stories. Apartments will be affordable to tenants earning less than 60 percent of the area median income. Amenities include a community lounge and clubhouse, kitchenette, playground, dog park, fitness center, co-working spaces and package rooms. CREA, LLC, Merchants Bank, UMB Bank, and the Missouri Housing Development Commission are partners on the project. The Industrial Revenue Authority of St. Charles County provided bond financing. …
JACKSONVILLE, FLA. — American Landmark Apartments has acquired The Wimberly at Deerwood, a 322-unit property in the Deerwood neighborhood of Jacksonville. The community was built in 2000 and offers one-, two- and three-bedroom floor plans. American Landmark plans to renovate all units with granite countertops, new kitchen backsplashes, new cabinet faces, smart technology and new plumbing and lighting fixtures. American Landmark will also upgrade the community’s clubhouse, fitness center, and pool, as well as add EV charging stations and package lockers. Exterior renovations will include upgraded roofs, landscaping and exterior …
PHOENIX — Milhaus and Banyan Residential have broken ground on a $117 million development on the southwest corner of 48th St. and Washington St. in Phoenix. The first phase of the 515-unit community is slated for completion in the fourth quarter of 2025. Units will come in studio, one-, two- and three-bedroom layouts. Amenities will include two clubhouses, pools, a fitness center, green spaces and a dog park. UMB provided a $63.3 million construction loan for the project, with syndication by First Merchants and Academy Bank.
ATLANTA — Greystone Monticello has provided a $60.2 million bridge loan and an $8 million mezzanine loan to refinance The Irby, a high-rise building in Atlanta’s northern Buckhead district. Greystone Commercial Capital originated the financing. The Irby was built in 2020 and is owned by an affiliate of Lone Star Funds. The property comprises 277 apartments across twelve stories, as well as 15,000 square feet of retail space. Units come in studio, one- and two-bedroom floor plans. Amenities include a pool, courtyard with fire pit and grilling station, an athletic …
NORTH BERGEN, N.J. — Denholtz Properties has acquired Solo at North Bergen in North Bergen, a city in New Jersey’s Hudson County. Solo at North Bergen was completed in 2023 and offers 214 units across four buildings. Amenities include a 5,000-square-foot clubhouse with billiards tables, fitness center, pool with grilling stations and a sauna, dog run and package room. The property is located near the Tonnelle Avenue Light Rail Station and an NJ Transit bus stop with direct access to New York City, as well as the Port Imperial/Weehawken ferry …
OVERLAND PARK, KAN. — Block & Co. Inc Realtors has brokered the sale of a 12.8-acre site on the southwest corner of 135th Street and Antioch Road in Overland Park. David Block and Mark McConahay of Block & Co. represented the undisclosed seller. The buyer plans to develop an apartment complex on the site. Construction is expected to begin immediately, with completion slated for 2024. Block & Co. will market the remaining 4.2 acres of land that runs along the north edge of the property along 135th Street. Four pad …
FAIRFAX, VA. — JLL Capital Markets has arranged the sale of Arbors at Fair Lakes, a 282-unit, value-add community in Fairfax. Stockbridge sold the property to GID for $85.6 million. Bret Thompson and Robert Jenkins led the Capital Markets Investment Sales Advisory team that brokered the deal. Arbors at Fair Lakes was built in 1987. The property features one-, two- and three-bedroom units with in-unit washers and dryers, patios and balconies, fireplaces and walk-in closets. Amenities include a fitness center, pool, business center, tennis court with a perimeter running track, …
ROUND ROCK, TEXAS — Harbor Group International has acquired The Warner, a 336-unit complex in the north Austin suburb of Round Rock. Newmark’s Patton Jones facilitated the transaction. The Warner was built in 2022. Community amenities include a fitness center, a pool with outdoor kitchens, a lounge, dog park and a parking garage with EV charging stations. The Warner was 98 percent leased as of July 2023. The property is located near several tech company campuses, including Dell’s corporate headquarters, Apple’s Austin campus and Samsung’s semiconductor manufacturing facility, which is scheduled for completion in …