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The Villas at Tuttle
FinanceFloridaNewsSoutheast

Lynd Group Secures $132.5 Million Refinancing for South Florida Property

by Channing Hamilton

ROYAL PALM BEACH, FLA. — The Lynd Group has secured a $132.5 million bridge loan from MF1 Capital to refinance the construction loan for The Villas at Tuttle Royale, a 401-unit asset in Royal Palm Beach, roughly 12 miles west of West Palm Beach. New York-based S3 Capital provided the original $126 million construction loan to Lynd Group in March 2023. The Villas at Tuttle is located within Tuttle Royale, a 200-acre mixed-use project. Situated at 11200 Nicole Drive, The Villas at Tuttle comprises 26 buildings. The garden-style community offers one-, …

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The Jasper
ColoradoDevelopmentFinanceNewsWestern

First Stone Development Secures $15.8 Million in Construction Financing for Denver Project

by Channing Hamilton

DENVER — First Stone Development has received $15.8 million in financing for the construction of The Jasper, a property located at 4353 Tennyson St. in Denver’s Berkeley neighborhood. The Jasper will offer 34 apartments and 2,700 square feet of street-level retail space. Phillip Gause and Jim Wilkins of Marcus & Millichap Capital Corp.’s Denver office worked on behalf of the borrower to secure $2 million in preferred equity and $13.8 million in debt. The construction loan was placed with a debt fund and features a two-year term.

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An undisclosed Fargo community
Build-to-RentInvestment SalesMidwestMinnesotaNewsNorth Dakota

Cushman & Wakefield Brokers Sale of 601-Unit BTR Portfolio in Metro Fargo, North Dakota

by Channing Hamilton

FARGO, N.D. — Cushman & Wakefield has negotiated the sale of a portfolio of 601 build-to-rent (BTR) units located throughout the Fargo metropolitan area in the bordering states of North Dakota and Minnesota. The recently developed homes come in three-, four- and five-bedroom floor plans and are 7.2 years old on average. Meridian Mortgage LLC sold the portfolio to an affiliate of Christianson Cos. for an undisclosed price. Kevin Phelan, Pat Knowlton and Jeff Dimmen of Cushman & Wakefield, along with Jennifer Stein Real Estate Inc., represented the seller in …

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NewsOperationsPeople NewsTexas

JPI Hires Jay Parsons as Economic Advisor

by Channing Hamilton

DALLAS — JPI, a developer and builder based in Dallas, has hired Jay Parsons as economic advisor. Parsons will advise the company on economic trends and market dynamics. He will serve in a part-time role. Parsons has held executive and senior leadership roles at Madera Residential and RealPage. He also serves on the board of advisors for Apartment Life, a faith-based non-profit organization that offers community building programs.

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GeorgiaNewsPeople NewsSoutheast

SJC Ventures Selects Natalie Battisti as Vice President of Leasing

by Channing Hamilton

ATLANTA — SJC Ventures, an Atlanta-based mixed-use, retail and multifamily development firm, has appointed Natalie Battisti as vice president of leasing. In his role, she will oversee all leasing operations for the company. Most recently, Battisti served as the Southeast vice president of leasing at Jamestown Properties. She received a bachelor’s degree in real estate and finance from Florida State University.

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Residences at The Streets of St. Charles
Investment SalesNewsNortheastPennsylvania

Morgan Properties Acquires 11-Property Portfolio for $501 Million

by Channing Hamilton

CONSHOHOCKEN, PA. — Morgan Properties has acquired a portfolio of 3,054 apartments across 11 communities in eight states. Chicago-based Trilogy Real Estate Group was the seller in the deal, which was valued at $501 million. The assets — which are located in Illinois, Indiana, Kentucky, Michigan, Missouri, Ohio, Oklahoma and Tennessee — were built between 1989 and 2018. Newmark brokered the sale of 10 of the communities in the portfolio, while Walker & Dunlop brokered the sale of one property. Morgan Properties states that the firm plans to implement a …

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FinanceNewsTexas

Sunrise Realty Trust Provides $46.5 Million in Financing for Dallas Property

by Channing Hamilton

DALLAS — South Florida-based Sunrise Realty Trust has provided $46.5 million in financing for The Boheme, a 352-unit building in Dallas. The Boheme is an eight-story building in the Bishop Arts District that was completed in 2023. San Antonio-based Kairoi Residential owns the community. The financing is part of a $62 million senior loan that the borrower will use to refinance the property. Apartments come in studio, one- and two-bedroom floor plans, according to Apartments.com. Shared amenities include a rooftop pool, coworking lounge with private meeting rooms, courtyards and a …

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2512-2518 England St.
CaliforniaInvestment SalesNewsWestern

CBRE Brokers $8.8 Million Sale of Property in Huntington Beach, California

by Channing Hamilton

HUNTINGTON BEACH, CALIF. — CBRE has arranged the sale of a 14-unit property at 2512-2518 England St. in Huntington Beach, about 40 miles southeast of Los Angeles. The 14,518-square-foot property was built in 1977 and renovated in 2022. The community offers a mix of one-, two- and three-bedroom units. The majority of units are townhome-style residences. The property sits on a 0.43-acre parcel. Dan Blackwell and Mike O’Neill of CBRE represented both the buyer and the seller in the deal. The buyer was a 1031 exchange investor based in Orange …

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Jeff Furman
NewsNorth CarolinaPeople NewsSoutheast

Aventon Cos. Appoints Jeff Furman as Senior Managing Director

by Channing Hamilton

RALEIGH, N.C. — Aventon Cos., a Raleigh-based developer and general contractor, has hired Jeff Furman to the role of senior managing director. Furman will work to acquire new sites to develop new suburban apartment communities while managing existing developments. He will concentrate on the Raleigh-Durham and Charlotte metropolitan areas. Prior to joining Aventon Cos., Furman was a developer partner and the director of Raleigh operations at Northwood Ravin. He has also served as director of development for Crosland LLC. Furman graduated from the University of Texas at Austin with a Master of Science …

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Investment SalesNew YorkNewsNortheast

A&E Real Estate Buys Manhattan Apartment Building for $116.5 Million

by Channing Hamilton

NEW YORK CITY — A&E Real Estate has acquired Rivers Bend, a 22-story apartment building located on Manhattan’s Upper East Side, for $116.5 million. Jack Brick of S. Charatan Realty represented the seller, locally based investment firm Soloviev Group, in the transaction. The building, which was originally built in 1963, rises 22 stories at 501 E. 87th St. The property is doorman- and elevator-served. Select units feature private balconies or patios, and tenants have access to amenities such as a rooftop terrace with an enclosed pool and a fitness center. 

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