GAINESVILLE, FLA. — AREY Group and Jim Chapman Construction Group (JCCG), a general contractor specializing in build-to-rent (BTR) projects, has broken ground on Enclave at Marston in Gainesville. The BTR community will consist of 75 single-family attached homes, eight garage buildings, a maintenance building, clubhouse and a resort-style pool. Completion is slated for the third quarter of 2027.
CHELSEA, ALA. — Thompson Thrift has announced plans to develop Rivet, a 300-unit community in Chelsea, 20 miles southeast of Birmingham, Alabama. Completion of the 300-unit asset is slated for 2027. Rivet will be comprised of one-, two- and three-bedroom units complemented by a resort-style, heated pool, 24-hour fitness center, pickleball court, grilling areas, a fire pit, billiards and shuffleboard, a dog park, business center with conference rooms and focus suites and an Amazon package hub.
ST. AUGUSTINE, FLA. — Tampa, Florida-based Third Lake Development is underway on construction of The Cottages at St. Augustine. CBI Construction is heading up building efforts at the 33-acre site at 300 Bushwood Circle in St. Augustine. Nequette Architecture designed the 250-unit build-to-rent community. Construction began in March, and completion of the $50.8 million project is slated for December 2027.
JACKSONVILLE, FLA. — Mesa Capital Partners has acquired Satori Town Center in Jacksonville. The seller and sales price were not disclosed. The 289-unit community was built in 2021 by Davis Development. The four‑story, elevator‑served building features a two‑story fitness center, private workspaces, a clubhouse, resort-style pool and deck with grilling stations, a dog park, outdoor game area with hammocks and fire pits, a movie theater, and multiple outdoor gathering spaces. Acquisition financing was arranged by Walker & Dunlop. Pegasus Residential will oversee property management.
HOMESTEAD, FLA. — Berkadia has arranged a $35 million construction loan for the third phase of development of Casa Princeton, a 162-unit, eight-story community in the South Miami-Dade County neighborhood of Princeton. The project marks the final phase of the Casa Princeton master-planned community, which encompasses 374 units. Completion of Phase III is slated for early 2028. Charles Foschini, Christopher Apone, Shannon Wilson and Lourdes Carranza-Alvarez of Berkadia Miami arranged the financing on behalf of the developer, Aconcagua Group. S3 Capital was the lender. Located at 12867 SW 248th St., …
CHARLOTTE, N.C. — JLL has arranged a $114.2 million construction loan for ANOVA The Pearl, a 20-story, 382-unit unit high-rise under construction in Charlotte. GMH Communities, AEW Capital Management and Wexford Science & Technology broke ground in spring of this year. Completion is slated for 2028. The lender was Santander Bank. ANOVA The Pearl will feature studio, one-, two- and three-bedroom units complemented by 6,621 square feet of ground-floor retail, a fitness center, resort-style pool, rooftop lounge, golf simulator and coworking space. The development is located within The Pearl, a …
JACKSONVILLE, FLA. — Greystar has acquired Avana Bartram Springs, formerly known as Reserve Bartram Springs, in Jacksonville. The garden-style property was built in 2006 is situated on approximately 24 acres. The 268 units are offered in one-, two- and three-bedroom floor plans complemented by a pool with grill areas, playground and a fitness center with spin and yoga rooms. Greystar is planning to renovate amenity spaces and units. According to the Jacksonville Business Journal, the seller was Fogelman Properties and the sales price was approximately $39.7 million.
RALEIGH, N.C. — Marcus Partners has acquired Aventon Nora, a 372-unit community in North Raleigh. This purchase represents the Boston-based firm’s second investment in the Raleigh-Durham market — the first being the development of Alta Apex, a 280-unit Class A project under construction in Apex with completion slated for 2027. Aventon Nora is also a Class A property. Built in 2024, it consists of four residential buildings with one-, two- and three-bedroom units as well as some carriage-house style floor plans that include attached garages. Amenities include a resort-style pool …
LAND O’ LAKES, FLA. — NexMetro has opened Avilla Silver Palm, a 180-home build-to-rent community in Land O’ Lakes, about 20 miles north of Tampa, Florida. This is NexMetro’s third Avilla Homes neighborhood in the greater Tampa market (the other two are Avilla Suncoast in Odessa and Avilla Cypress Creek in Sun City Center). Located at 11334 Zion Narrows Trail, Avilla Silver Palm sits on 26 acres and features mostly detached, single-level homes with private fenced backyards, front porches, optional garages and amenities such as a resort-style pool, outdoor lounge …
ST. CLOUD, FLA. — Berkadia has arranged a $19.1 million loan for Miami-based Bayshore Investment Partners’ (BIP) acquisition of Ibis Park at Harmony West in St. Cloud, about 30 miles south of Orlando. Ibis Park at Harmony West is a 101-home build-to-rent community. Coral Gables, Florida-based BIP bought the property from D.R. Horton for $29.4 million. Brad Williamson, Kyle Ryan, Mitch Sinberg, Scott Wadler and Matt Robbins of Berkadia Miami arranged the five-year, fixed-rate loan. This is the fourth Florida BTR community BIP has acquired from D.R. Horton. The other …
