Southeast

PARK-PLACE-APARTMENTS
FloridaInvestment SalesNews

CGI Sells ‘Special Situation’ Orlando Asset to RMR Residential

by Lynn Peisner

ORLANDO, FLA. — CGI+ Real Estate Investment Strategies has sold Park Place in Orlando to RMR Residential. A sales price was not disclosed. CGI acquired the 275-unit asset in 2021 for approximately $69 million. At that time, the seller was facing costly insurance and construction issues following a lightning strike that sparked a fire and destroyed two buildings housing about 15 percent of the community’s rental units and two amenity spaces. CGI refers to these acquisition opportunities as “special situation real estate.” CGI, along with property manager Fogelman, rebuilt 33 …

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Rainbow-Village-Miami
Affordable HousingDevelopmentFloridaNewsSoutheast

ANF, HTG Top Out $185 Million Miami Affordable Housing Development  

by Lynn Peisner

MIAMI — Developer Housing Trust Group (HTG) and construction firm ANF, both locally based, have topped out the Rhapsody at Rainbow Village project in Miami’s Overtown neighborhood. The development team broke ground in June, and completion is slated for early 2027. Units will be reserved for income-qualifying residents who earn at or below 30, 50, 60, 70 and 80 percent of the area median income. Monthly rents for the one-, two- and three-bedroom apartments will range from $793 to $2,634. HTG reports Miami median rents range from $1,875 to $9,070 …

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Eastham-Capital-Anthony-Librot
Company NewsFloridaNewsPeople NewsSoutheast

Eastham Capital Hires Anthony Librot as CFO

by Lynn Peisner

BOCA RATON, FLA. — Eastham Capital has hired Anthony Librot as chief financial officer. In the new role, Librot will be responsible for accounting, compliance and risk management for the private equity multifamily investment firm. With more than 30 years of accounting and financial experience, Librot spent the past seven years as the chief operating and financial officer at AAM 15 Management LLC, a Massachusetts real estate investment company, where he oversaw day-to-day operating and financial activities for a real estate portfolio of $500 million.

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Statler-McCain's-Station
Investment SalesNewsSoutheastTennessee

Embrey Sells Statler MCain’s Station Near Nashville

by Lynn Peisner

GALLATIN, TENN. — Embrey has sold Statler McCain’s Station, a 297-unit community the San Antonio-based developer built in Gallatin, 30 miles northeast of Nashville. Embrey acquired land for the community in 2021 and completed the project in 2024. Russ Oldham of Walker & Dunlop represented Embrey in the deal. The buyer and sales price was not disclosed. The community is part of McCain’s Station, a 131-acre, long-range mixed-use development that includes approximately 684 residential units in the form of single-family homes, apartments, townhomes and condos. Statler McCain’s Station features a …

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Soleste-on-the-Trail
DevelopmentFinanceFloridaNewsSoutheast

Estate Cos. Secures $60 Million Loan to Build Soleste Property in Palm Beach County

by Lynn Peisner

RIVIERA BEACH, FLA. — The Estate Cos., a Miami-based developer known for its Soleste brand of communities, has secured a $60 million construction loan to build Soleste on the Trail in Riviera Beach. Located approximately five miles north of West Palm Beach and situated aside a lake, the community will be comprised of 255 one- and two-bedroom units. A completion date was not disclosed. Amenities will include a clubhouse, a resort-style pool with cabanas, outdoor barbecue areas, a fitness center with on-demand classes and a yoga studio, a full-service spa, …

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Spinnaker-apartments
BerkadiaFinanceFloridaNewsSoutheast

Berkadia Arranges $15.7 Million Refinancing in Riviera Beach  

by Lynn Peisner

RIVIERA BEACH, FLA. — Berkadia has arranged a $15.7 million Freddie Mac loan for Rental Asset Management (RAM). Oakland Park, Florida-based RAM will use the funds to refinance Spinnaker Landing Apartments, a 123-unit workforce housing community in Riviera Beach, five miles north of West Palm Beach. Built in 1990 and located at 1931 W. 16th Court, Spinnaker Landing offers one-, two-, three- and four-bedroom units up to 1,420 square feet. The pet-friendly community includes a pool. Matthew Robbins, Hugo Hernandez, Mitch Sinberg, Scott Wadler and Brad Williamson led the Berkadia …

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Oviedo-Oaks-Village
FloridaInvestment SalesNewsSoutheast

Marcus & Millichap Arranges Suburban Orlando Sale

by Lynn Peisner

OVIEDO, FLA. — Marcus & Millichap has arranged the $7.8 million sale of Oviedo Oaks Villas, a 44-unit property in Oviedo, 18 miles northeast of Orlando. The undisclosed seller had owned the community for more than 30 years. The buyer was an unnamed, New York-based family office. The property, located at 1080-1126 Laurel Oaks Court on about 8 acres, features 22 one-story buildings, and each unit is a three-bedroom floor plan. Marcus & Millichap’s Matt Prozzillo, Ray Turchi and David Vaughan represented the seller and procured the buyer.

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The-Mitchell
DevelopmentGeorgiaNewsSoutheast

CIM Group Opens Centennial Yards High-Rise in Atlanta

by Lynn Peisner

ATLANTA — CIM Group and Centennial Yards Co. have opened The Mitchell, a 19-story luxury high-rise, which is also the first ground-up building completed within the $5 billion Centennial Yards mixed-use development in Atlanta. An earlier project, The Lofts at Centennial Yards South, was built above an existing brewery. The Mitchell, located at 250 Martin Luther King Jr. Drive SW, offers studios and one-, two- and three-bedroom floor plans. Some units feature floor-to-ceiling windows with views of the city. Amenities include a pool, a fitness center, coworking spaces, outdoor gathering …

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Brook-Farm
DevelopmentFloridaNewsSoutheast

Brook Farm Group Breaks Ground in Bradenton-Sarasota MSA

by Lynn Peisner

ELLENTON, FLA. — Brook Farm Group (BFG) has broken ground on The Sinclair at Ellenton, located about 20 miles north of Sarasota, Florida. Completion is slated for early 2027. First Horizon Bank is the construction debt provider, and Fundrise is a preferred equity partner. Brook Farm Group is providing the remaining equity to complete the financing. BFG worked with Patterson Real Estate Advisory Group to arrange the capital for the project. Fortune Johnson is the general contractor. The Sinclair at Ellenton will be comprised of two three-story buildings and three …

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2400-E-Atlantic-Blvd
DevelopmentFloridaNewsSoutheast

Portman Approved for Pompano Beach Project

by Lynn Peisner

POMPANO BEACH, FLA. — The City of Pompano Beach has approved Portman’s plans for a mixed-use development at 2400 E. Atlantic Blvd. The Atlanta-based developer will break ground on the eight-story, 397-unit project in fall 2026, with completion slated for late 2028. The community will include a variety of floor plans, some of which will be offered as townhomes with direct street access. Amenities will include a rooftop pool, interior courtyard, a fitness center and a six-story parking garage. At the street level, there will be 10,591 square feet of …

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