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 …
Southeast
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 …
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 …
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 …
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.
CHARLOTTE, N.C. — JLL has arranged a $69.4 million construction loan for Ares Management Corp. (NYSE: ARES), which is developing 1817 Central in the Plaza Midwood neighborhood of Charlotte. United Bank was the lender. The 341-unit community will feature studios and one-, two- and three-bedroom floor plans and amenities that include a fitness center, a rooftop lounge, multiple courtyards, a pet spa and a library. Groundbreaking is scheduled before the end of the year with construction completion estimated for 2028. According to JLL, the Plaza Midwood area has seen a …
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 …
MIAMI — TruAmerica’s former co-chief investment officer Matt Ferrari has departed the Los Angeles-based investment and development company to launch PXV Multifamily based out of Miami. The private investment and operations firm will target middle-market, value-add and larger, investment-grade properties suitable for institutional capital. PXV plans to deploy approximately $2 billion in acquisitions over the next 36 months and is capitalized with funds from BroadVail Capital Partners, a Houston-based real estate private equity firm that partners with management teams to build institutional real estate investment platforms. This partnership marks BroadVail’s …
FORT LAUDERDALE, FLA. — Pinnacle, a Miami-based developer, has sold Elyps in Fort Lauderdale for $46.5 million. The buyer was an affiliate of Oakland Park, Florida-based Rental Asset Management (RAM). CBRE represented Pinnacle in the transaction. Completed in 2023, the waterfront Elyps is situated aside Osceola Creek. Amenities at the 140-unit community include a resort-style pool with grilling areas, a lounge with a wet bar and coffee station, a fitness center and bike storage and repair facilities. Pinnacle’s strategy for Elyps reflects the company’s focus on building, stabilizing and eventually …
Namdar Group Secures $460 Million in Funding for First and Second Phases of Two-Tower Miami Project
MIAMI — SCALE Lending has provided a $460 million funding package for Namdar Group’s new Miami development consisting of two 43-story towers in the central business district. The financing contains two parts: a $230 million bridge loan for the completion of 55 NE 2nd Street (Phase 1), which contains 680 units across 358,000 square feet; and a $230 million construction loan for an adjacent ground-up development at 50 NE 3rd Street (Phase II), containing 714 residential units across 395,000 square feet. SCALE Lending is the debt financing division of Slate …