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Alderra-Apartment-Homes-Puyallup
Investment SalesNewsWashingtonWestern

CBRE Arranges $56.5 Million Sale in Puyallup, Washington

by Lynn Peisner

PUYALLUP, WASH. — Auctus Capital Partners has sold Alderra Apartment Homes for $56.5 million to an undisclosed buyer. The 200-unit community in Puyallup, about 15 miles southeast of Tacoma, was built in 2003 and includes one- and two-bedroom apartments as well as townhomes. Amenities include a pool, fitness center, a clubhouse and a playground. CBRE’s Eli Hanacek, Mark Washington, Kyle Yamamoto and Natalie Kasper represented the seller. The buyer was an entity doing business as AMFP VII Alderra LLC, according to regional lifestyle magazine South Sound.

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The-Conway-at-Huxley-Yards-Madison
Affordable HousingDevelopmentMidwestNewsWisconsin

McShane Breaks Ground on Madison Affordable Housing Development

by Lynn Peisner

MADISON, WIS. — McShane Construction Co. has broken ground on The Conway at Huxley Yards, a 50-unit affordable housing community in Madison. It is the third phase of Lincoln Avenue Communities’ Huxley Yards development, which is set on the site of a former Oscar Mayer processing plant. The Conway is situated on a 1.7-acre site at 1846 Commercial Ave. It was designed by Knothe & Bruce Architects and is expected to be completed in the third quarter of 2026. The first two phases, The Victoria and The View, also will …

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Heuberger-Marshall
Company NewsNewsPeople NewsSoutheast

Fogelman Announces Two Executive Promotions

by Lynn Peisner

MEMPHIS, TENN. — Fogelman has appointed Kristy Heuberger president of Investment Management and promoted Justin Marshall to president of property services. Heuberger formerly served as co-head of the Americas and head of asset management at LaSalle Investment Management, where she oversaw $30 billion in assets under management and led a team of approximately 250 real estate investment professionals. In the newly created role, Heuberger will oversee transactions, portfolio management, asset management, capital formation and investor relations. Justin Marshall, formerly chief operating officer, has been promoted to president of property services. …

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rosemont-st-johns-Jacksonville
FloridaInvestment SalesNewsSoutheast

American Landmark Buys Rosemont St. Johns in Jacksonville

by Lynn Peisner

JACKSONVILLE, FLA. — American Landmark Apartments has acquired Rosemont St. Johns, a 420-unit property in Jacksonville that was built in 2007. The seller and sales price was not disclosed. Situated at 12310 Seacrest Lane, Rosemont St. Johns offers one-, two- and three-bedroom units and amenities such as a resort-style pool with a sundeck, a clubhouse with a resident lounge and entertainment kitchen, a 24-hour fitness center, outdoor grilling and picnic areas and a dog park. The company says the community will be rebranded. American Landmark is based in Tampa and …

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Agave-Ridge-PHX
ArizonaInvestment SalesNewsWestern

29 Street Capital Acquires North Phoenix Asset

by Lynn Peisner

PHOENIX — Chicago-based multifamily investment firm 29th Street Capital has acquired Urban 148 in Phoenix. The 148-unit property will be rebranded as Agave Ridge Apartments, and 29th Street Living will handle property management. According to Apartments.com, the community offers two- and three-bedroom floor plans at monthly asking rents ranging from $1,425 to $1,655 and such amenities as a pool, a playground, a courtyard and a dog park. The seller and sales price were not disclosed.

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The-Greene
DevelopmentGeorgiaNewsSoutheast

RangeWater Breaks Ground on Suburban Atlanta Development

by Lynn Peisner

LAWRENCEVILLE, GA. — RangeWater Real Estate has broken ground on The Greene in Lawrenceville, about 30 miles northeast of Atlanta. The development is RangeWater’s seventh ground-up project in the Atlanta suburbs and its 28th in Georgia to date. Kinea Investimentos, a Sao Paulo-based investment firm, is a financial partner in The Greene. RangeWater’s internal construction division, RangeWater Construction, is leading the building efforts on the 21-acre site. The property’s 300 units will be offered in a unit mix that includes studios and one-, two- and three-bedroom floor plans. A resort-style …

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bode-columbia-city-Seattle
DevelopmentFinanceNewsWashingtonWestern

Dwight Mortgage Trust Provides $44 Million Bridge Loan to Seattle Developer

by Lynn Peisner

SEATTLE — Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, has provided a $44 million bridge loan for Seattle-based developer Bode. The financing retires existing construction debt, covers loan transaction costs, funds an interest reserve and supports final construction completion of two assets, Bode Columbia City and Bode Tacoma Dome. Bode Columbia City in Seattle is an 80-unit property featuring one- and two-bedroom floor plans. Bode Tacoma Dome is a 164-unit community in Tacoma, Washington, offering studios and one-, two- and three-bedroom floor plans.

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Langston-on-Seventh-DC
DevelopmentNewsNortheastWashington, D.C.

The Langston on Seventh Opens Near Howard University

by Lynn Peisner

WASHINGTON, D.C. — The Langston on Seventh, a 204-unit apartment community, has opened at the corner of 7th and S streets in Washington, D.C. The developers were Quadrangle Development and Capstone Development. Cooper Carry was the architect, and SK&A and PDI provided engineering services. Built on the former site of a Howard University research building, the eight-story, 280,000-square-foot community features 14,554 square feet of ground-floor retail, a 74-space, below-grade parking deck, a lobby, a pool deck, outdoor grills and dining areas, coworking spaces, a chef’s kitchen, sports simulator, a conference …

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The-Arbors-at-Brighton-Park-Bloomfield
ConnecticutInvestment SalesNewsNortheast

Paredim Communities Sells Arbors at Brighton Park in Connecticut

by Lynn Peisner

BLOOMFIELD, CONN. — Institutional Property Advisors (IPA) has arranged the sale of The Arbors at Brighton Park, a 132-unit community in Bloomfield, about six miles northwest of Hartford, Connecticut. IPA’s Victor Nolletti, Eric Pentore and Wes Klockner, represented the seller, Paredim Communities, and procured the buyer, Beachwold Residential LLC. The Arbors at Brighton Park was completed in 2017 and features controlled access, a clubhouse with a coffee bar, grills and verandas. The unit mix includes one-, two- and three-bedroom floor plans, all of which have full-size washers and dryers, walk-in …

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san-juan-del-centro-boulder-Colo
Affordable HousingColoradoInvestment SalesNewsWestern

Jonathan Rose Cos. Buys Boulder Affordable Housing Community, Extends Rent Restrictions

by Lynn Peisner

BOULDER — New York City-based investment firm Jonathan Rose Cos. has acquired San Juan del Centro Apartments in Boulder from Related Cos. for $56 million. Jeff Irish and Jordan Skyles from Berkadia Real Estate Advisors arranged the sale of the Section 8 and LIHTC property. Berkadia also provided an acquisition loan. Additionally, the capital stack included equity from the $660 million Rose Affordable Housing Preservation Fund VI. San Juan del Centro’s 150 units are reserved for families earning at or below 60 percent of area median income. Jonathan Rose Cos. …

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