Southeast

Bainbridge-Midlothian-Virginia
Investment SalesNewsSoutheastVirginia

New York Investor Buys Metro Richmond’s Bainbridge Midlothian for $108M

by Lynn Peisner

MIDLOTHIAN, VA. — Frontier Group of Cos. has acquired Bainbridge Midlothian in the Richmond, Virginia, suburbs for $108 million, marking the Buffalo, New York-based investment firm’s first multifamily acquisition in Virginia. The seller was a joint venture between The Bainbridge Cos. and BVT National Partners, represented by Newmark’s Garrison Gore, Charles Wentworth and Victoria Pickett. Completed in 2024, Bainbridge Midlothian is situated on approximately 25 acres at 12400 Dutton Road in Chesterfield County, 13 miles west of Richmond. The community comprises four residential buildings featuring a mix of studio, one-, …

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Joyfield-Towns-at-German-School-Richmond
Affordable HousingDevelopmentNewsSoutheastVirginia

Standard Communities Breaks Ground on $88M Affordable Housing Development in Richmond, Virginia

by Lynn Peisner

RICHMOND, VA. — Standard Communities has broken ground on Joyfield Towns at German School, an $88 million development that will include 234 affordable three- and four-bedroom townhomes. The development is located at 250 E. German School Road in the Southside area of Richmond, Virginia. The project takes the latter part of its name from German School Road, which was named for a small school that served the area’s German immigrant community in the early 20th century. All units will be income-restricted, including 62 units for households earning up to 50 …

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Independence-Place-Hinesville
FinanceGeorgiaNewsSoutheast

Newmark Launches Bridge Program with $35M Loan for Georgia Property

by Lynn Peisner

HINESVILLE, GA. — Ponte Vedra Beach, Florida-based MFP Capital has secured a $35 million bridge loan from Newmark for Independence Place, a 264-unit community in Hinesville. The financing, which will provide interim capital before a transition to permanent agency debt, marks the first transaction under Newmark’s new Multifamily Bridge Program. Henry Stimler, Bill Weber and Ricky Warner originated the loan. The program provides short-term financing solutions for qualifying multifamily borrowers seeking to transition into permanent financing through Fannie Mae, Freddie Mac or FHA lending programs. Originated and serviced directly by …

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Villas-at-Viera-Florida
Build-to-RentDevelopmentFloridaNewsSoutheast

Capstone, CBI Break Ground on Build-to-Rent Development in Viera, Florida

by Lynn Peisner

MELBOURNE, FLA. — Capstone Communities has secured financing and begun construction of The Villas at Viera, a 275-unit build-to-rent development in the master-planned Viera community in Brevard County, about 50 miles southeast of Orlando. Capstone Communities is the developer, and CBI Construction is the general contractor. Capstone Properties is overseeing property management. Fifth Dimension Architecture & Interiors is serving as project architect. Villas at Viera is situated on an 18.4-acre parcel and will comprise two four-story apartment buildings, duplexes, carriage houses and cottage-style residences. Amenities will include a clubhouse and …

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Alison-Brown-Lion-Real-Estate
Company NewsNewsPeople NewsSoutheastTennessee

Lion Real Estate Group Hires Alison Brown as COO

by Lynn Peisner

NASHVILLE, TENN. — Lion Real Estate Group, a multifamily investment firm based in Nashville, has hired Alison Brown as president and chief operating officer. Prior to joining Lion, Brown served as president of Bridge Property Management as well as holding the title deputy chief investment officer for Bridge’s workforce and affordable housing strategy. She also was previously senior vice president of operations at LivCor, a Blackstone portfolio company, where she led a nationwide network of more than 50 property management companies. Earlier in Brown’s career, she spent 13 years at …

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The-Aurelian-Coral-Gables
DevelopmentFinanceFloridaNewsSoutheast

Pearlmark Provides $81M Construction Loan for The Aurelian in Coral Gables, Florida

by Lynn Peisner

CORAL GABLES, FLA. — Empira Group has obtained an $81 million construction loan to develop The Aurelian, a 160-unit luxury project underway at 114 Calabria Ave. in Coral Gables. Pearlmark was the lender, and CBRE’s Charles Crapse and Denny St. Germain arranged the financing. Behar Font is the architect, and Ortega Construction is the general contractor. The one- and two-bedroom apartments will be complemented by a resort-style pool, fitness center with dedicated yoga studio, coworking areas, a lounge, electric vehicle charging station and a pet grooming suite. Completion is slated …

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The-Vibe-Miami
FinanceFloridaNewsSoutheast

JLL Arranges $50.8M ReFi for The Vibe in Miami

by Lynn Peisner

MIAMI — JLL Capital Markets has arranged a $50.8 million refinancing fixed-rate, CMBS loan for STRE Management and Lloyd Jones. The sponsors are refinancing The Vibe, a two-building community in Miami’s Little Havana neighborhood. Located at 700 Southwest 1st St., the 194-unit affordable housing community was completed in 2021. The one-, two- and four-bedroom units are reserved for renter households earning 80 to 120 percent of area median income. The property also includes 7,625 square feet of fully leased commercial space. Units are currently 96.4 percent leased. Jesse Wright, Joshua …

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Junction-at-Rockledge-Florida
ArizonaFinanceFloridaGeorgiaNewsSoutheastWestern

Thompson Thrift Secures $463M Construction Takeout Loan for Eight New Sun Belt Properties

by Lynn Peisner

TERRE HAUTE, IND. — JLL has arranged $463 million in bridge financing for an eight-property portfolio owned by Terre Haute-based Thompson Thrift. Barings provided the floating-rate construction takeout loan for the newly completed properties, comprising 2,412 units, in Florida, Georgia and Arizona. The loan retired existing construction loans across all properties, which were completed throughout 2025 and 2026 in seven metro areas. Each property features amenities such as 24-hour fitness centers, resort-style pools, resident social hubs with coffee bars, pickleball courts, dog parks with pet spas, business centers and outdoor …

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Vine-North-Hills-Raleigh
Investment SalesNewsNorth CarolinaSoutheast

Portsmouth Real Estate Partners and Marcus Partners Acquire Vine North Hills in Raleigh

by Lynn Peisner

RALEIGH, N.C. — Portsmouth Real Estate Partners and Marcus Partners have acquired Vine North Hills at 500 St. Albans Drive in Raleigh. The sales price and seller were not disclosed. The 326-unit community was developed in 2020 and offers studios, one-, two- and three-bedroom units and a resort-style pool, fitness center, indoor and outdoor gathering spaces, coworking offices and fiber internet. The property is located within the 33-acre North Hills Innovation District, part of Raleigh’s 165-acre North Hills mixed-use district. The new owners plan to implement operational changes and a …

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Chasen-Richmond
FinanceNewsSoutheastVirginia

Capital Square Lands $86.5M Refinancing for Richmond Development

by Lynn Peisner

RICHMOND, VA. — Capital Square has obtained an $86.5 million bridge refinancing loan from an unnamed lender for Chasen, a 352-unit property completed in phases from 2025 to 2026 in the Scott’s Addition area of Richmond. Capital Square broke ground on the project in April 2023. Walker & Dunlop’s Alexandra Huffman, Justin Nelson, Andrew Tapley, PJ Feichtmeier, Eric Norris and Jared Diedrich arranged the financing. Chasen consists of three six- and seven-story residential buildings on about 2.5 acres. The community offers studio, one-, two- and three-bedroom units, 5,000 square feet …

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