Southeast

Berkadia Arranges $32.4 Million Freddie Mac ReFi Loan for JV Owners of Tampa Asset

by Lynn Peisner August 1, 2025

BRANDON, FLA. — Berkadia has arranged approximately $32.4 million on behalf of Robbins Property Associates and Hartford Investment Management Co. (HIMCO) to refinance Lakeside Central Apartments, a 228-unit garden-style community in the Tampa suburb of Brandon, Florida. Senior Managing Director Mitch Sinberg, Managing Directors Scott Wadler and Brad Williamson and Vice President Hugo Hernandez of Berkadia Miami and Boca Raton secured the five-year, fixed-rate Freddie Mac loan. Berkadia also financed the property’s acquisition in 2018 with a floating-rate, Freddie Mac loan. Buit in 1985 and located at 529 S. Parsons …

August 1, 2025

Build-to-Rent Development News South Carolina Southeast

Advenir Oakley Capital, Capstone Building Complete $78 Million South Carolina BTR Project

by Lynn Peisner July 30, 2025

GREER, S.C. — Developer Advenir Oakley Capital and general contractor Capstone Building Corp. have completed construction of LEO Jamestown, a $78 million build-to-rent (BTR) development in Greer, 12 miles northeast of Greenville, South Carolina. LEO Jamestown includes 296 units offered as one-, two- or three-bedroom floor plans. Amenities include a resort-style pool, a pool house, clubhouse, a fitness center and outdoor green spaces. Advenir Azora is managing the property.

July 30, 2025

Company News Development Leasing & Marketing News North Carolina Southeast

Delray Taps RKW to Manage Two Asheville Properties

by Lynn Peisner July 29, 2025

ASHEVILLE, N.C. — Delray Ventures has selected RKW Residential to manage two of its properties in Asheville, The Patton and The Avery. The Patton is a 117-unit, four-story community Delray developed in 2017. It offers units ranging from studios to two-bedroom floor plans. About two blocks away is The Avery, a 187-unit property Delray completed earlier this year. The community also features studio, one, and two-bedroom floor plans.

July 29, 2025

Development News Southeast Tennessee

Flournoy Selects McShane to Lead Construction of Nashville Project

by Lynn Peisner July 29, 2025

NASHVILLE, TENN. — Flournoy Development Group has selected McShane Construction Co. to build Declan Hermitage, a 315-unit community in Nashville’s Hermitage neighborhood. Completion of Declan Hermitage is slated for June 2027. Dynamik Design is the architect. Positioned on a 15-acre site, the development will integrate six garden-style buildings with three and four stories. Units will be offered in one- to three-bedroom layouts. Amenities will include a clubhouse, pool and sun deck, grill stations, fire pits, a dog park and a car wash. McShane is currently building three additional multifamily communities …

July 29, 2025

Finance Georgia Indiana Kentucky Midwest News Ohio Southeast

Buckingham Cos. Lands $330 Million Loan for Seven-Property Portfolio

by Lynn Peisner July 28, 2025

INDIANAPOLIS — Indianapolis-based investor Buckingham Cos. has received a $330 million loan to refinance seven properties in five states. The New York-based CBRE Debt & Structured Finance team of Shawn Rosenthal, Jason Gaccione, Tom Traynor, Tom Rugg, Jake Salkovitz, Henry Fenmore, Lauren Weinstein and Justin Helbling arranged the floating-rate loan funded by Goldman Sachs and Atlas SP Partners. Buckingham’s portfolio comprises 2,381 units. The firm began acquiring the properties, which were constructed between 1982 to 2021, seven years ago and has invested approximately $45 million in capital improvements since then, …

July 28, 2025

Development Georgia Leasing & Marketing News Southeast

Alliance Opens Broadstone Development in McDonough

by Lynn Peisner July 28, 2025

MCDONOUGH, GA. — Alliance Residential has opened The Weldon by Broadstone, a 330-unit community in McDonough, an Atlanta suburb located about 35 miles south of downtown. The architect and interior designer on the project was Atlanta-based Dynamik Design, Planners & Engineers Collaborative+ was the project’s engineer. The Weldon offers a selection of one- and two-bedroom units that feature full-size Samsung side-by-side washers and dryers. Amenities include a saltwater pool with in-pool chaises, outdoor lounge seating and a pergola-covered outdoor entertainment area with grilling stations. Additional amenities include a 24-hour fitness …

July 28, 2025

Florida Investment Sales News Southeast

Marcus & Millichap Brokers Sale of 65-Year-Old Miami Asset

by Lynn Peisner July 28, 2025

MIAMI — Marcus & Millichap has arranged the $3.6 million sale of Walker Apartments, a five-building, 18-unit portfolio in Miami. Nicholas McAndrew, Evan P. Kristol and Felipe Echarte, investment specialists in Marcus & Millichap’s Fort Lauderdale office, represented the seller, a private owner in the transaction, marking the first time the property has changed hands in about 40 years. Built in 1960, the units at Walker Apartments are located at five separate street numbers along NE 5th Place on a 1.2-acre lot. The unit mix comprises one- and three-bedroom apartments. …

July 28, 2025

Berkadia Finance Florida News Southeast

Berkadia Arranges $56 Million Fannie Mae ReFi for Miami High-Rise

by Lynn Peisner July 28, 2025

MIAMI — Berkadia has arranged a $56 million Fannie Mae loan on behalf of a joint venture partnership that is refinancing Wynwood Haus, a 224-unit, 20-story community developed in 2024 in Miami’s Wynwood neighborhood. The joint venture owners are LD&D, IGEQ, Black Salmon and Bridge Investment Group. The deal closed on July 21, at which time the property was 94 percent occupied. Wynwood Haus offers studios, one- and two bedroom-units and 6,824 square feet of ground-floor retail. One hundred of the apartments are designated as workforce housing for households earning …

July 28, 2025

Investment Sales News South Carolina Southeast

Hamilton Point Buys Myrtle Beach Asset

by Lynn Peisner July 25, 2025

MYRTLE BEACH, N.C. — Hamilton Point Investments has acquired Willows at Grande Dunes in Myrtle Beach. Cushman & Wakefield’s Alex McDermott, Austin Green, Charlie Gravina, Paul Marley and Rhodes Marley arranged the sale, representing the undisclosed seller in the deal. The asset was developed in 2023. Hamilton Point is a private equity investment firm based in Old Lyme, Connecticut, with a portfolio comprised mainly of Sun Belt properties. The company also recently bought Bridgewater Grand, a 300-unit property in Lakeland, Florida, from TrimCor.

July 25, 2025

Investment Sales News North Carolina Southeast

Vertex Buys Adaptive Reuse Asset in Charlotte

by Lynn Peisner July 24, 2025

CHARLOTTE, N.C. — Vertex Investments has acquired Flats at 87Ten, a 96-unit property in Charlotte’s University City neighborhood, from Lucern Capital Partners for $9.7 million. Northmarq’s Ron Corrao, Eric Liebich, Matt Weinstein and Dane Lozier arranged the sale, representing the seller in the deal. The asset was originally developed in 2000 as a TownePlace Suites extended stay hotel and was redeveloped, by Lucern, as multifamily in 2023.

July 24, 2025

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