Southeast

Attain-at-Greenbrier-Chesapeake
DevelopmentNewsSoutheastVirginia

Bonaventure Breaks Ground on $74.5M Project in Chesapeake, Virginia

by Lynn Peisner

CHESAPEAKE, VA. — Bonaventure has broken ground on Attain at Greenbrier, a 268-unit community in Chesapeake’s Greenbrier submarket. The $74.5 million development is part of the Alexandria, Virginia-based investment and development firm’s Attain portfolio. Delivery is slated for late 2027. The site, previously home to a commercial call center, was acquired and rezoned by Bonaventure in 2022. The Greenbrier community will consist of three four-story buildings containing a mix of one-, two- and three-bedroom units averaging 1,037 square feet. Marlyn Development Corp. is serving as the general contractor, RBA is …

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Madison-Shores-Pensacola
FinanceFloridaNewsNorth CarolinaSouth CarolinaSoutheast

Walker & Dunlop Arranges $223M Refinancing for Madison Capital Portfolio

by Lynn Peisner

BETHESDA, MD. — Walker & Dunlop has arranged approximately $223 million in bridge financing for five communities across the Southeast on behalf of Charlotte, North Carolina-based Madison Capital Group. The bridge loans will refinance existing debt for five properties (1,345 units) in Florida and the Carolinas. Walker & Dunlop arranged the loans with multiple debt fund lenders. A team led by Walker Layne, Austin Sneed and Tyler Evenson closed the five refinancings over the past nine months. The portfolio includes: The Caroline in Indian Land, South Carolina; Madison Shores in …

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The-Ellery-of-Cary-North-Carolina
FinanceInvestment SalesNewsNorth CarolinaSoutheast

Mesa West Funds $29.7M Acquisition Loan for The Ellery of Cary in North Carolina

by Lynn Peisner

CARY, N.C. — Mesa West Capital has provided a $29.7 million loan for Addison, Texas-based McDowell Properties’ acquisition of The Ellery of Cary, a 194-unit property in Cary. The financing was arranged by Trevor Brotman, Tricia Linden, and Kara Profitt out of Walker & Dunlop’s Irvine, California, office. Built in 1988 on approximately 19 acres, The Ellery of Cary offers a mix of one-  and two-bedroom floor plans averaging 875 square feet. Units feature stainless steel appliances, laminate flooring, walk-in closets, private balconies and in-unit washers and dryers. Amenities include …

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Ellis-Creek-North-Charleston
Affordable HousingInvestment SalesNewsSouth CarolinaSoutheast

South Carolina Acquisition Takes Waverly Place from Market-Rate to Affordable Housing

by Lynn Peisner

NORTH CHARLESTON, S.C. — A joint venture comprised of McLean, Virginia-based KETTLER and The Stillman Group of Scarsdale, New York, has sold Waverly Place, a 276-unit community in North Charleston. The buyer was the Charleston Workforce Housing Fund, an impact fund led by Charlotte, North Carlonia-based Ascent Housing in partnership with Housing Collaborative, a Charleston-based affordable housing nonprofit. The acquisition is part of a citywide initiative to expand affordable and workforce housing across the region. According to The Post and Courier, the asset sold for approximately $41 million. Newmark’s Alex …

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Alfonso-Costa-Falcone-Group
Affordable HousingDevelopmentFinanceFloridaIndustry VoicesSoutheast

Opportunity Zones 2.0 Could Be a Better Fit for Housing — If We Use It Well

by Lynn Peisner

By Alfonso Costa Jr. As the federal Opportunity Zone (OZ) program evolves into a permanent “OZ 2.0” framework, with new OZ census tracts taking effect Jan. 1, 2027, states like Florida are moving quickly to shape where capital flows by launching online portals. For developers, investors, business owners and local officials, understanding how these rules are changing and how to engage in state-level nomination processes will be critical to harnessing tax-advantaged equity while deploying it into projects that deliver long-term community benefit. Opportunity Zones 2.0 Brings More Flexibility and a …

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River-Ford-Brunswick
GeorgiaLeasing & MarketingNewsOperationsSoutheast

Material Capital Partners Opens Leasing at River Ford in Georgia’s Golden Isles

by Lynn Peisner

BRUNSWICK, GA. — Material Capital Partners has begun leasing at River Ford, a 170-unit build-to-rent community in Brunswick. Located on approximately 28 acres on Canal Road, River Ford’s rental homes feature quartz countertops, stainless steel appliances, smart home technology, private patios and fenced backyards. Amenities include a clubhouse with a fitness center and coworking space as well as a resort-style pool, two lakes with a fishing dock, a dog park, playgrounds, a trail system and landscaped green spaces throughout the property. Greystar is managing the community.

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Render-Legacy-Trail-Nokomis
BerkadiaFinanceFloridaNewsSoutheast

Berkadia Arranges $82.1M Refinancing for Crescent Communities’ Render Legacy Trail in Sarasota County

by Lynn Peisner

NOKOMIS, FLA. — Berkadia has arranged an $82.1 million refinancing loan for Render Legacy Trail, a 450-unit property that borrower Crescent Communities completed in 2024. Berkadia D.C. Metro’s Patrick McGlohn, Brian Gould, Hunter Wood, Natalie Hershey and Patrick Cunningham arranged the financing through lender Benefit Street Partners. Render Legacy Trail is situated on approximately 18 acres at 15560 Render Way. The property offers a mix of one-, two- and three-bedroom floor plans. Amenities include a resort-style saltwater pool with cabanas, outdoor grilling and dining areas, a clubroom with coffee bar, …

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Southwinds-Apartments-Miami
FloridaInvestment SalesNewsSoutheast

Marcus & Millichap Brokers $5.8M Sale in Miami

by Lynn Peisner

MIAMI — Marcus & Millichap has brokered the sale of Southwinds Apartments in the Spring Garden neighborhood of Miami. The asset sold for $5.8 million, traded between two undisclosed private investors. Marcus & Millichap’s Felipe Echarte, Evan Kristol and Sofee Desai marketed the property on behalf of the seller and procured the buyer. Located at 1177 NW 8th St. Road, the property, built in phases in 1950 and 1962, consists of three two-story buildings with 29 units on a half-acre of land. The unit mix includes 28 one-bedroom apartments and …

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The-Flats-at-Legacy-Poquoson
Investment SalesNewsSoutheastVirginia

Franklin Group Sells The Flats at Legacy in Poquoson, Virginia for $52.5M

by Lynn Peisner

POQUOSON, VA. — Berkadia has arranged the $52.5 million sale of The Flats at Legacy, a 176-unit community in Poquoson, a city in the Hampton Roads region of Virginia. Drew White, Carter Wood, Matt Straughan and Cole Carns of Berkadia Richmond led the transaction on behalf of the seller, Franklin Group of Virginia Beach, Virginia. Utah-based Ceifa Capital acquired the property in a transaction that closed on May 29. Completed in 2024, The Flats at Legacy is located on 24 acres at 200 Big Woods Drive. The property comprises 176 …

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Abrazo-Port-St-Lucie
Build-to-RentDevelopmentFloridaNewsSoutheast

CBI Construction, Third Lake Development Break Ground on Abrazo at Wylder in Port St. Lucie, Florida

by Lynn Peisner

PORT ST. LUCIE, FLA. — CBI Construction has broken ground on Abrazo at Wylder, a build-to-rent community located in Port St. Lucie. Tampa, Florida-based Third Lake Development LLC is the developer. Upon completion, slated for 2027, the community will feature 264 units and amenities that include a clubhouse, resort-style pool, pickleball courts and more. The development is the first multifamily project within the Wylder master-planned community, which also features new for-sale homes, a senior living community, a golf course and eventually a new public school. Site work at the 31-acre …

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