Southeast

VLH-Lakeland
BerkadiaFloridaInvestment SalesNewsSoutheast

Providence Group Sells Property in Lakeland, Florida

by Lynn Peisner

LAKELAND, FLA. — National Property Management Associates, based out of Orchard Park, New York, has acquired Village at Lake Highland in Lakeland from Chicago-based Providence Real Estate. The sales price was not disclosed. Cole Whitaker, Jason Stanton and Mary Beale of Berkadia Central & North Florida arranged the sale on behalf of Providence. Located at 2150 Lake Highland Blvd., Village at Lake Highland was built in 2001 and consists of 16 two- and three-story buildings on a 37-acre site. The community offers one-, two- and three-bedroom units ranging from 729 …

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Latitude-at-the-Commons-Myrtle-Beach
BerkadiaInvestment SalesNewsSouth CarolinaSoutheast

Berkadia Arranges $57 Million Sale of Latitude at the Commons in Myrtle Beach

by Lynn Peisner

MYRTLE BEACH, S.C. — Berkadia has arranged the $57 million sale of Latitude at the Commons, a 288-unit, garden-style property in Myrtle Beach. The seller was Houston-based ApexOne Investment Partners. The buyer’s identity was not disclosed. Trammell Crow Residential developed the property in 2009. Located at 2222 Crow Lane, Latitude at the Commons includes one-, two- and three-bedroom units and amenities such as a 24-hour fitness and wellness center with cardio and weightlifting equipment, a clubhouse with a lounge, a billiard and entertainment room, dog park with a wash station, …

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Overall-Creek-Murfreesboro
FinanceNewsSoutheastTennessee

Denholtz Secures $76 Million ReFi for Overall Creek in Metro Nashville

by Lynn Peisner

MURFREESBORO, TENN. — Denholtz has refinanced Overall Creek in Murfreesboro with a $76 million loan. PCCP was the lender, and Cushman & Wakefield arranged the financing. Red Bank, New Jersey-based Denholtz acquired Overall Creek in 2022. It was developed in 2020. The community, located at 5150 Jack Byrnes Drive, features resort-style amenities including a courtyard with a pool and grilling stations, fire pits, a dog park, a massage room, a tanning bed, business center and a fitness center. The property is currently 94 percent occupied and offers 384 one-, two- …

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Vireo-Medical-District-McKinney
Build-to-RentFinanceFloridaNewsSoutheastTexas

JLL Arranges Refinancing for BTR Portfolio in Dallas, Austin and Tampa Markets

by Lynn Peisner

WESLEY CHAPEL, FLA., MCKINNEY and GEORGETOWN, TEXAS — JLL has arranged a $130 million refinancing loan through KeyBank National Association’s Institutional Real Estate Group for the Vireo build-to-rent portfolio. The three properties were developed by McCarthy Cos. and include Vireo Medical District, a 210-unit property at 2300 S. McDonald St. in McKinney that was completed in 2024 and has recently stabilized; Vireo Twelve Oaks, a 217-unit property at 201 Morningstar Blvd. in Georgetown that was delivered in 2025 and is currently in lease-up; and Vireo Wesley Chapel, a 181-unit project …

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Alta-Beacon-Nashville
DevelopmentNewsSoutheastTennessee

Wood Partners to Develop Alta Beacon in Nashville

by Lynn Peisner

NASHVILLE, TENN. — Wood Partners plans to break ground in January on Alta Beacon, a 328-unit property in the Wedgewood-Houston neighborhood of Nashville. Situated atop a 60-foot bluff, the five-story community will feature a mix of studio, one- and two-bedroom units. Amenities include a clubhouse, a fitness area, a resort-style pool, an indoor sky deck with a large exterior deck, dog yards, a pet spa and gate-protected structured parking. Earlier in 2025, Atlanta-based Wood Partners broke ground on Alta Gallatin, a 372-unit community situated on 35 acres. That project will …

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Denver-Dry-Goods
Affordable HousingDevelopmentFeaturesFinanceMidwestNortheastSoutheastTexasWestern

Creative Capital Strategies Drive Today’s Affordable Housing Deals

by Lynn Peisner

Skillful players are leveraging a bevy of public and private funding sources to get projects across the finish line. By Jack Rogers As costs of affordable housing projects continue to rise, developers are meeting the challenge by pulling together a resilient capital stack with a growing range of sources for gap financing, bridge loans and grants. They’re also diversifying the range of projects they undertake and mitigating their costs by redeveloping underutilized publicly owned property, acquiring leases for sites that are being rezoned to housing from other uses and with …

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Novel-Nona-Orlando
FloridaInvestment SalesNewsSoutheast

Crescent Communities Sells NOVEL Nona in Orlando

by Lynn Peisner

ORLANDO, FLA. — Crescent Communities has sold NOVEL Nona to an undisclosed private real estate management company. The Charlotte, North Carolina-based developer broke ground on the 260-unit, wellness-focused community in 2021. NOVEL Nona, located in Orlando’s Lake Nona area, features a fitness center with a dedicated studio for yoga and spin classes, coworking spaces, a saltwater pool with cabanas, bike storage, walking trails, a conservation area, a top-floor lounge with TVs and a craft cocktail bar, two courtyards, firepits and grills. Units feature circadian lighting (tunable lighting that mimics the …

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Wrenly-Newnan
DevelopmentGeorgiaNewsSoutheast

Thompson Thrift to Develop Wrenly in Suburban Atlanta

by Lynn Peisner

NEWNAN, GA. — Thompson Thrift will develop Wrenly, a 214-unit property in Newnan, 40 miles southwest of downtown Atlanta. Indiana-based Thompson Thrift expects to welcome residents by April 2027 with full construction completion slated for early 2028. The 29-acre community will consist of six residential buildings with units offered as one-, two- and three-bedroom floor plans. Amenities include a 24-hour fitness center, a pool with a waterfall feature, a firepit with seating areas, grills, a pickleball court, a dog park and a business center.

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Laster-Farms-Farragut
DevelopmentNewsSoutheastTennessee

Trinitas, Millstone to Develop $80 Million Community in Suburban Knoxville

by Lynn Peisner

FARRAGUT, TENN. — Trinitas Ventures and Millstone will develop Laster Farms at Turkey Creek in Farragut, 18 miles west of Knoxville, Tennessee. The $80 million development will include 240 units in one-, two- and three-bedroom layouts with monthly asking rents ranging from $1,800 to $2,800. Both joint venture partners are based out of Indiana. Millstone, a development and construction firm, identified and entitled the site and will serve as the general contractor. The developers closed on financing for the project in November. A completion date was not disclosed. Amenities will …

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Embrey-Boggy-Creek-Kissimmee
DevelopmentFinanceFloridaNewsSoutheast

PCCP Provides $66 Million Construction Loan for EMBREY’s Metro Orlando Project

by Lynn Peisner

KISSIMMEE, FLA. — EMBREY has closed on the land sale and secured $66 million in construction financing, provided by PCCP, for the development of Boggy Creek, a 300-unit community in Kissimmee. Completion of the three-story garden style project, situated on 13.3 acres, is slated for early 2027. Units will feature granite countertops, stainless steel appliances, wood-style flooring, walk-in closets, detached garages and full-size washers and dryers. Amenities will include a resort-style pool, private cabanas, a clubhouse and business center with private workspaces, a game room, a fitness center, a dog …

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