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Affordable HousingDevelopmentFinanceGeorgiaNewsSoutheast

Atlanta BeltLine, Invest Atlanta Approve $172 Million Budget for Affordable Housing Development, Trail Construction

by Channing Hamilton

ATLANTA — The board of directors of Atlanta BeltLine Inc. and Invest Atlanta have approved the Atlanta BeltLine budget for the 2025 fiscal year. The budget totals $172 million, a 12 percent increase over the 2024 budget. The funding will be directed toward a goal set in 2005 to develop 5,600 units of affordable housing in Atlanta by 2030.  The new funding will help The BeltLine to develop more affordable housing than originally set out by the 2005 BeltLine Redevelopment Plan, which is notable since development costs have risen significantly …

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ArizonaBuild-to-RentDevelopmentNewsWestern

Trilogy Investment Co., Cimbra Partners Break Ground on 84-Unit Build-to-Rent Project in Avondale, Arizona

by Channing Hamilton

AVONDALE, ARIZ. — Trilogy Investment Co. and Cimbra Partners LLC have commenced site development at Rêve at Encanto West, a build-to-rent project comprising 84 townhomes in the Phoenix suburb of Avondale. Residences will come in three-bedroom layouts and feature two and half bathrooms, flexible space for a bedroom or office, stainless steel appliances, granite countertops and garages. Amenities will include a clubhouse with grilling stations and a pool.

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Canyon Creek East in Lenexa, Kansas
Affordable HousingDevelopmentFinanceKansasMidwestNews

Walker & Dunlop Arranges $29.6 Million LIHTC Equity for Affordable Housing Development in Lenexa, Kansas

by Channing Hamilton

LENEXA, KAN. — Walker & Dunlop has arranged $29.6 million in federal Low-Income Housing Tax Credit equity for Canyon Creek East, an affordable housing development in the Kansas City suburb of Lenexa. The borrower, MRE Capital, plans to use the funds to finance 40 percent of the project’s total development costs. Jennifer Erixon led the Walker & Dunlop Affordable Equity team that arranged the equity. Canyon Creek East will comprise 212 units across five buildings. The community will target households earning between 30 and 80 percent of the area median …

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340 Nevins Street in Brooklyn, New York
DevelopmentFinanceNew YorkNewsNortheast

Affinius Capital, Kennedy Wilson Originate $160 Million Construction Loan for 340 Nevins Street in Brooklyn, New York

by Channing Hamilton

NEW YORK CITY — Affinius Capital LLC and Kennedy Wilson have originated a $160 million senior construction loan for 340 Nevins Street, a 320-unit apartment project in Brooklyn’s Gowanus neighborhood. A joint venture between Tavros Holdings and Charney Cos. is undertaking the development project. Dustin Stolly and Jordan Roeschlaub of Newmark arranged the financing. 340 Nevins Street will rise 22 stories. The community will offer studio, one-, two- and three-bedroom apartments. Twenty-five percent of the units will be set aside as affordable housing. Income restrictions for these units have not …

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Mason Gray in New York City
DevelopmentFinanceNew YorkNewsNortheast

Invictus Real Estate Partners Provides $69 Million Bridge Loan for Mason Gray in Brooklyn

by Channing Hamilton

NEW YORK CITY — New York-based Invictus Real Estate Partners has provided a $69 million bridge loan for Mason Gray, a 158-unit property in Brooklyn’s Crown Heights neighborhood. The developer, Hope Street Capital, will use the funds to support minor construction work required to complete the seven-story building. Once completed, Mason Gray will feature 110 market-rate apartments, as well as 48 units designated for New York City’s 421-a Affordable Housing Program. Units will primarily come in one-bedroom floor plans. The community will offer amenities such as a fitness center, a …

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CaliforniaInvestment SalesNewsWestern

Cityview Acquires 130-Unit Tralee Village Apartments in Dublin, California

by Channing Hamilton

DUBLIN, CALIF. — Cityview, an investment management and development firm based in Los Angeles, has acquired Tralee Village Apartments in the Oakland, California suburb of Dublin. Jason Parr of Berkadia brokered the deal. The seller was not disclosed. Tralee Village Apartments was originally built in 2011. Located at 6599 Dublin Boulevard, the three-story community features 130 units spread across two buildings. Apartments come in one-, two- and three-bedroom floor plans. The property also includes more than 30,000 square feet of curated ground-floor retail. Amenities include a pool and spa, fitness …

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Northwest Village in Fort Worth, Texas
DevelopmentNewsTexas

Woodfield Development Breaks Ground on $101 Million Northwest Village in Fort Worth, Texas

by Channing Hamilton

FORT WORTH, TEXAS — Woodfield Development has broken ground on Northwest Village, a $101 million project in Fort Worth. The asset will be situated within Traditions at Northwest Village, a 47-acre master planned development featuring office, retail and restaurant space, as well as a large public park. Northwest Village will comprise 455 apartments across two buildings on a 15-acre site. Units will come in studio, one-, two- and three-bedroom layouts. The property will also offer five townhome-style units. Planned amenities include private conference rooms and individual offices, a fitness center, …

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AMLI Doral in Doral, Florida
Investment SalesNewsSoutheast

JLL Capital Markets Brokers Sale of 352-Unit AMLI Doral in Miami Suburb

by Channing Hamilton

DORAL, FLA. — JLL Capital Markets has arranged the sale of and acquisition financing for AMLI Doral, a 352-unit property in the Miami suburb of Doral. AMLI Doral was constructed in 2023 on a 16.4-acre site. The garden-style community comprises nine buildings, each rising four stories. Units come in one-, two- and three-bedroom floor plans. Amenities include a two-story fitness center, pool with lakeside grilling stations, business center, lounge with game tables, clubhouse with party room, tot lot and playground, EV charging stations and bike parking. Pantzer Properties purchased the …

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The District in Little Elm in Little Elm, Texas
Investment SalesNewsTexas

Institutional Property Advisors Brokers Sale of 324-Unit The District in Little Elm Near Dallas 

by Channing Hamilton

LITTLE ELM, TEXAS — Institutional Property Advisors has arranged the sale of The District in Little Elm, a community situated in Little Elm, 37 miles north of Dallas. The property features 324 units with 19 townhomes, as well as 11,272 square feet of retail. Apartments have wood-style flooring, pantries, washer and dryer connections and patios or balconies. The average unit size is 835 square feet. The District in Little Elm was built in 2023 on a 10-acre site. Amenities include controlled access, two pools, private work pods and EV charging …

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Elements at Saratoga Lake in Saratoga Springs, New York
FinanceNew YorkNewsNortheast

Dwight Mortgage Trust Provides $67.5 Million Refinancing for Elements at Saratoga Lake in Saratoga Springs, New York

by Channing Hamilton

SARATOGA SPRINGS, N.Y. — Dwight Mortgage Trust, an affiliate REIT of New York City-based Dwight Capital, has provided a $67.5 million bridge loan for the refinancing of Elements at Saratoga Lake in Saratoga Springs, approximately 35 miles north of Albany, New York. David Scheer and Joshua Klein of Dwight originated the financing on behalf of the borrower, Blue Iron Development. Elements at Saratoga Lake consists of 26 residential buildings and a clubhouse. The property offers 260 units in one- and two-bedroom floor plans. Amenities include indoor and outdoor pools, a …

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