Southeast

The-Opaline-Nashville

NASHVILLE, TENN. — Locally based affordable and workforce housing developer Halladay Ventures has secured funding and is expected to break ground in late November on The Opaline, a 251-unit property for renters earning up to 60 percent of area median income. Completion is slated for 2028. The Opaline is the first of three phases of Halladay’s Artist Hill project, a 39-acre master planned community that is projected to include rental and for-sale residential, retail, creative workspaces, green spaces, walking trails and other community amenities. The Opaline’s development site is currently …

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BETHESDA, MD. — Walker & Dunlop has arranged a $192 million Freddie Mac loan on behalf of Cortland, an Atlanta-based investment, development and property management firm. Cortland will use the funds to refinance mortgages of three properties: Cortland at the Hammocks I and II in Miami, Huntington Glen in Dallas and Cortland Congress Park in Denver. Together, the properties comprise 1,137 units. Across all three assets, Cortland has executed a capital improvement program, investing in interior and exterior upgrades to reposition the communities. The Walker & Dunlop capital markets team was …

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Canopy-at-Babcock-Ranch

ALTAMONTE SPRINGS, FLA. — Milhaus, an Indianapolis-based developer, owner and property manager, has acquired the property management division of Altamonte Springs-based developer ContraVest, marking Milhaus’ entry into the third-party property management business and expanding its presence in Florida. Under the agreement, Milhaus will assume residential management at eight multifamily properties. Skyhawk Capital Advisors acted as financial advisor to ContraVest in the transaction. In Florida, Milhaus has developed and manages Canopy at Babcock Ranch, as well as projects in Tampa, such as The Hite and Notch Apartments, Lector 85 and Artistry …

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Loft-One35-Charlotte

CHARLOTTE, N.C. — Mesa West Capital has provided a joint venture between Hillridge Capital and Broad Creek Capital with a $69.8 million first mortgage loan for the acquisition and renovation of Loft One35 in Charlotte’s South End neighborhood. The total acquisition cost was $94 million, according to the Charlotte Business Journal. Loft One35 is a 298-unit, six-story community that offers a mix of loft-style apartments as well as townhomes. Amenities include a resort-style pool, a courtyard with a fire pit and grilling stations, a pet spa, a coffee bar and …

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The-Henslow-Charleston

CHARLESTON, S.C. — Locally based Woodfield Development has completed and opened The Henslow Daniel Island in the Daniel Island master-planned community 13 miles north of Charleston. The project was developed in partnership with Simpson Housing, a Denver-based firm that not only served as an investment partner but also is managing the property. The Henslow Daniel Island is comprised of 63 one-, two- and three-bedroom units and 12 two-story, three-bedroom townhomes. Amenities include a resort-style saltwater pool; a two-story clubhouse with an entertainment kitchen, game room and rooftop lounge; a fitness …

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TheStadler-Bradenton

BRADENTON, FLA. — Thompson Thrift has opened The Stadler, a 279-unit property in the Tampa suburb of Bradenton. The community is named in honor of Henry Stadler, who was the senior vice president and chief operating officer of Indiana-based Thompson Thrift Construction. Stadler passed away in 2022 at the age of 56. “The quality of construction and design of The Stadler reflects the high standards Henry championed throughout his 27 years with Thompson Thrift,” said CEO John Thompson. The property, located at 7120 Henry Drive, is the company’s first asset …

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Memoir-May-Hosiery-Nashville

NASHVILLE, TENN. — AJ Capital Partners has broken ground on Memoir May Hosiery in Nashville’s Wedgewood Houston neighborhood. The 109-unit property is across the street from May Hosiery Mills, an adaptive reuse project also developed by AJ Capital Partners. Opened in 2015, May Hosiery Mills, once a sock factory in the early 1900s, is set on 18 acres and includes six redeveloped brick buildings on a mixed-use campus with office, dining and retail. Memoir May Hosiery is slated for completion in March 2026. It will be Nashville-based AJ Capital’s fourth …

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casa-familia-Miami

MIAMI — Casa Familia and Pinnacle have broken ground on Gardens at Casa Familia, a 50-unit affordable housing property designed to serve individuals with intellectual and developmental disabilities. The $27 million project is being funded through multiple sources including Low-Income Housing Tax Credit equity. Nonprofit Casa Familia, which specializes in affordable housing for people with disabilities, partnered with Miami-based developer Pinnacle to build the community. Construction began in September, and completion is slated for the first quarter of 2027. The four-story building will feature 50 one-bedroom apartments, each equipped with …

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SHERMAN OAKS, CALIF. — Walker & Dunlop has arranged $625 million in fixed-rate Freddie Mac loans on behalf of Sherman Oaks-based IMT Capital. The company is refinancing eight garden-style properties in six metros — San Diego, Los Angeles, Denver, Atlanta, San Francisco and Nashville, Tennessee. The portfolio is comprised of 3,096 units. Walker & Dunlop’s team was led by Cory Wizenberg, Matt Wallach, Stephen West, Walker Layne, AJ Wright and Sebastian Tamayo.

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Abacus-Palm-Beach-Gardens

PALM BEACH GARDENS, FLA. — JLL has arranged a $77.5 million construction loan for New York City-based Abacus Capital Group to develop Arbor House in Palm Beach Gardens. A publicly traded real estate investment company was the lender for the four-year, floating-rate loan. JLL’s team was led by Mona Carlton, Joshua Odessky and Michael Romero. The 13-story, 302-unit Arbor House will feature an attached garage with 480 parking spaces and a 7,000-square-foot amenity deck on the eighth floor that will be the site of a wellness and fitness center, cold …

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