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Statler-McCain's-Station
Investment SalesNewsSoutheastTennessee

Embrey Sells Statler MCain’s Station Near Nashville

by Lynn Peisner

GALLATIN, TENN. — Embrey has sold Statler McCain’s Station, a 297-unit community the San Antonio-based developer built in Gallatin, 30 miles northeast of Nashville. Embrey acquired land for the community in 2021 and completed the project in 2024. Russ Oldham of Walker & Dunlop represented Embrey in the deal. The buyer and sales price was not disclosed. The community is part of McCain’s Station, a 131-acre, long-range mixed-use development that includes approximately 684 residential units in the form of single-family homes, apartments, townhomes and condos. Statler McCain’s Station features a …

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Mason-+-Mill
Investment SalesNewsTexas

Millburn & Co. Buys Community in Fort Worth Metro

by Lynn Peisner

MANSFIELD, TEXAS — IPA has arranged the sale of Mason + Mill, a 349-unit community in Mansfield, 20 miles south of Fort Worth. The buyer was Salt Lake City-based Millburn & Co. IPA’s team, representing the seller, was led by Drew Kile, Joey Tumminello, Taylor Hill, Michael Ware and Shelby Clark. Amenities include a resort-style pool, an outdoor lounge and courtyard, a pet park and private work suites. The property, which was developed in 2024, is adjacent to the currently under construction Reserve Mansfield, a 200-acre mixed-use district.

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Soleste-on-the-Trail
DevelopmentFinanceFloridaNewsSoutheast

Estate Cos. Secures $60 Million Loan to Build Soleste Property in Palm Beach County

by Lynn Peisner

RIVIERA BEACH, FLA. — The Estate Cos., a Miami-based developer known for its Soleste brand of communities, has secured a $60 million construction loan to build Soleste on the Trail in Riviera Beach. Located approximately five miles north of West Palm Beach and situated aside a lake, the community will be comprised of 255 one- and two-bedroom units. A completion date was not disclosed. Amenities will include a clubhouse, a resort-style pool with cabanas, outdoor barbecue areas, a fitness center with on-demand classes and a yoga studio, a full-service spa, …

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Spinnaker-apartments
BerkadiaFinanceFloridaNewsSoutheast

Berkadia Arranges $15.7 Million Refinancing in Riviera Beach  

by Lynn Peisner

RIVIERA BEACH, FLA. — Berkadia has arranged a $15.7 million Freddie Mac loan for Rental Asset Management (RAM). Oakland Park, Florida-based RAM will use the funds to refinance Spinnaker Landing Apartments, a 123-unit workforce housing community in Riviera Beach, five miles north of West Palm Beach. Built in 1990 and located at 1931 W. 16th Court, Spinnaker Landing offers one-, two-, three- and four-bedroom units up to 1,420 square feet. The pet-friendly community includes a pool. Matthew Robbins, Hugo Hernandez, Mitch Sinberg, Scott Wadler and Brad Williamson led the Berkadia …

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Ravella-at-Sienna
FinanceNewsTexas

BridgeInvest Provides $40.5 Million Refinance in Suburban Houston

by Lynn Peisner

MISSOURI CITY, TEXAS — BridgeInvest has provided a $40.5 million refinancing loan to the owner of Ravella at Sienna, an offshoot of Orion RE Holdings and Sabal Investment Holdings. Ravella at Sienna is a 292-unit community in Missouri City, 22 miles southwest of downtown Houston. Way Capital arranged the loan. Amenities include a resort-style pool with cabanas, an outdoor gaming lounge with table tennis, a 24-hour fitness center, a dog park and pet spa, a social lounge with an entertainment kitchen and a conference room. The property was developed in …

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The-Mitchell
DevelopmentGeorgiaNewsSoutheast

CIM Group Opens Centennial Yards High-Rise in Atlanta

by Lynn Peisner

ATLANTA — CIM Group and Centennial Yards Co. have opened The Mitchell, a 19-story luxury high-rise, which is also the first ground-up building completed within the $5 billion Centennial Yards mixed-use development in Atlanta. An earlier project, The Lofts at Centennial Yards South, was built above an existing brewery. The Mitchell, located at 250 Martin Luther King Jr. Drive SW, offers studios and one-, two- and three-bedroom floor plans. Some units feature floor-to-ceiling windows with views of the city. Amenities include a pool, a fitness center, coworking spaces, outdoor gathering …

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Oviedo-Oaks-Village
FloridaInvestment SalesNewsSoutheast

Marcus & Millichap Arranges Suburban Orlando Sale

by Lynn Peisner

OVIEDO, FLA. — Marcus & Millichap has arranged the $7.8 million sale of Oviedo Oaks Villas, a 44-unit property in Oviedo, 18 miles northeast of Orlando. The undisclosed seller had owned the community for more than 30 years. The buyer was an unnamed, New York-based family office. The property, located at 1080-1126 Laurel Oaks Court on about 8 acres, features 22 one-story buildings, and each unit is a three-bedroom floor plan. Marcus & Millichap’s Matt Prozzillo, Ray Turchi and David Vaughan represented the seller and procured the buyer.

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Park-Tower
ArizonaInvestment SalesNewsWashingtonWestern

TruAmerica Acquires Park Tower in Metro Phoenix

by Lynn Peisner

CHANDLER ARIZ. — Los Angeles-based investment firm TruAmerica has acquired Park Tower in the Phoenix suburb of Chandler. The community is comprised of 180 garden-style units built in 1986 and 77 townhomes built in 2017. TruAmerica is planning to execute a value-add strategy with renovations and a rebranding, changing the name to Parklane Commons. Chris Canter, Brad Goff and Brett Polachek of Newmark along with Dan Cheyne of Berkadia brokered the off-market transaction, and Mitch Clarfield, Meghan Varga and Garrett Swanky of Newmark arranging the financing. The seller and sales …

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Brook-Farm
DevelopmentFloridaNewsSoutheast

Brook Farm Group Breaks Ground in Bradenton-Sarasota MSA

by Lynn Peisner

ELLENTON, FLA. — Brook Farm Group (BFG) has broken ground on The Sinclair at Ellenton, located about 20 miles north of Sarasota, Florida. Completion is slated for early 2027. First Horizon Bank is the construction debt provider, and Fundrise is a preferred equity partner. Brook Farm Group is providing the remaining equity to complete the financing. BFG worked with Patterson Real Estate Advisory Group to arrange the capital for the project. Fortune Johnson is the general contractor. The Sinclair at Ellenton will be comprised of two three-story buildings and three …

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North-and-Valley
Affordable HousingDevelopmentNevadaNewsWestern

The NRP Group Developing Affordable Community in North Las Vegas

by Lynn Peisner

NORTH LAS VEGAS, NEV. — The NRP Group has broken ground on North & Valley, an affordable housing development in North Las Vegas. Completion is slated for April 2027. The community will offer 105 units reserved for tenants earning between 50 and 60 percent of the area median income. According to the City of North Las Vegas, residents’ average yearly income is $75,459. The development site spans five acres and will comprise two four-story buildings with a mix of one-, two- and three-bedroom residences. Amenities will include a resort-style pool, …

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