SANTA FE, N.M. — Dwight Mortgage Trust, an affiliate REIT of Dwight Capital, has provided $56.3 million in bridge financing for Madera Apartments in Santa Fe. The borrower, Thrive Development, plans to use the funds to retire the existing construction debt and complete construction and lease-up of the property. Madera Apartments will consist of 218 townhome-style units across 20 two-story buildings. Residences will come in one-, two- and three-bedroom layouts. Units will feature patios or balconies, in-unit washers and dryers, walk-in closets and smart home technology. Planned amenities include a …
FORT COLLINS, COLO. — Thompson Thrift has opened The Quarry, a 319-unit community in Fort Collins, roughly 65 miles north of Denver. The Quarry is situated on a 20-acre site at 1775 Ashlar Drive, near the main campus of Colorado State University. The Quarry features one-, two- and three-bedroom apartment units in three- and four-story buildings, as well as 10 single-family villa structures and detached garages. Units feature bar kitchens with quartz countertops, walk-in closets and full-size washers and dryers. Select units also feature fenced yards. Amenities include a clubhouse, …
LYNN HAVEN AND TALLAHASSEE, FLA. — CBRE has arranged three loans totaling $99.7 million for the refinancing for three communities in Florida. Two of the properties are situated in Lynn Haven, roughly 13 miles north of Panama City Beach, Florida. The third community is located in Tallahassee. The borrower was Tallahassee-based Arbor Properties Inc. The loans included a Fannie Mae loan for Arbor Trace Apartment Homes, a 336-unit property in Lynn Haven that was built in 2007; a Fannie Mae loan for Arbor Crossing at Buck Lake, a 208-unit community …
TUCSON, ARIZ. — Greystone has arranged a $14 million debt placement for the refinancing of Linda Vista Luxury Rentals, a 64-unit build-to-rent community in Tucson. The property was recently completed in 2024 and is currently in lease-up. Amenities include a pool and spa. The financing was provided by an undisclosed lender and includes a 36-month term. Shana Daby and Rebecca Reich of Greystone sourced the transaction. Thomas Wayda and Dante DiStefano handled the debt placement.
WILLIAMSBURG, VA. — Hamilton Zanze has sold Woods of Williamsburg, a 125-unit garden-style community situated at 108 Tilghman Court in Williamsburg. The seller and sales price were not disclosed. The sale marks the San Francisco-based investment firm’s fourth disposition in 2024. Hamilton Zanze originally sponsored the acquisition of the property in 2018. The company conducted various renovations at the property, including the repainting of building exteriors as well as updates to the pool area and amenity spaces. Woods of Williamsburg was built in 1978. The community offers studio, one-, two- …
WEST PALM BEACH, FLA. — Miami-based investor and developer Integra Investments has acquired Monaco Isles, a 317-unit community located at 800 The Pointe Drive in West Palm Beach. Axonic Properties sold the asset for an undisclosed price. The garden-style property rises two stories. Amenities include a pool and jacuzzi, fitness center, clubhouse, business center, children’s playground, picnic area and dog park.
PIKESVILLE, MD. — Colliers has secured a $24.5 million loan for the refinancing of Milford Station, a 199-unit community located at 19 Warren Park Drive in Pikesville, approximately 15 miles northwest of Baltimore. The community features amenities such as a pool, laundry facilities, controlled building access, playground, picnic area and complimentary parking, according to Apartments.com. Bob Beckman of Colliers arranged the non-recourse loan, which features a 30-year term and fixed interest rate of 5.1 percent. Gelfund RE Opportunities and GY Properties were the borrowers.
BRIDGEPORT, CONN. — New York City-based brokerage firm Adirondack Capital Partners has arranged the $107.5 million sale of Canfield Park at Fairfield Metro, a 300-unit asset in Bridgeport, a coastal city located roughly 20 miles southwest of New Haven, Connecticut. Canfield Park at Fairfield Metro was constructed in 2023. The community features studio, one- and two-bedroom apartments that range from 300 to 1,200 square feet. Amenities include a pool, fitness center, rooftop terrace, game room, golf simulator, music and art studios, courtyard with grilling stations, sports bar, coffee lounge and …
GREEN BAY, WIS. — A partnership between Gorman & Co. and the Lutheran Social Services of Wisconsin and Upper Michigan (LSS) has completed Bay City Lofts, a 48-unit affordable and supportive housing community in Green Bay. The property is located at 2510 University Ave. Of the total unit count, 40 are set aside for tenants earning between 30 and 60 percent of the area median income. The remaining eight units are market rate. Amenities include a community room, fitness center and onsite offices for LSS, which will provide supportive services …
AUSTIN, TEXAS — JLL has arranged a $55.5 million loan for the refinancing of Urban East, a 381-unit community in Austin. JLL arranged the floating-rate debt on behalf of the owner, a partnership between Battery Global Advisors, the Housing Authority of the City of Austin, River City Capital Partners and LDG Development. The direct lender was Goldman Sachs Alternatives. Recently built in 2023, Urban East offers studio, one-, two- and three-bedroom floor plans. Amenities include two pools, a fitness center, private conference rooms, a rooftop lounge, resident clubhouse and kitchen, …