Southeast

Berkadia Arranges Acquisition and ReFi Loans Totaling $36.7M for Three Florida Deals

by Lynn Peisner October 13, 2026

FORT LAUDERDALE, FLA. — Berkadia has arranged three loans for Fort Lauderdale-based Rental Asset Management (RAM) for three Florida properties. RAM obtained a $10.3 million acquisition loan for RAM Four Hialeah, a 54-unit community in Hialeah that was completed in August. The firm also has refinanced two assets: The Devonshire (36) units in Miami Springs with a $3.24 million Freddie Mac loan and Summer Lake Villas in New Port Richey with a $23.2 million Freddie Mac loan. The Devonshire was developed in 1964, and Summer Lake Villas was built in …

October 13, 2026

Affordable Housing Development Finance News Southeast Virginia

Merchants Capital Arranges $97.8M for Renovation of Historic Virginia Affordable Housing Property

by Lynn Peisner October 13, 2026

NEWPORT NEWS, VA. — Seattle-based affordable housing developer Vitus has begun a $70 million rehabilitation of the 491-unit Stuart Gardens community in Newport News. Merchants Capital arranged $97.8 million in permanent and bridge financing for the project, including a $62.8 million HUD-insured loan and $35 million in equity bridge financing. Vitus will modernize the residences, which were constructed in 1941 and are listed on the Virginia Landmarks Register and the National Register of Historic Places. The community originally served as defense housing for military personnel and wartime workers. According to …

October 13, 2026

Development Investment Sales News North Carolina Southeast

Alliance Residential Acquires Land for New Development in Charlotte

by Lynn Peisner October 9, 2026

CHARLOTTE, N.C.— Alliance Residential Co. has acquired a 3.4-acre parcel of land at 1306 Berryhill Road in Charlotte’s Enderly Park neighborhood. The Scottsdale, Arizona-based developer will construct Broadstone Enderly Park on the site, a 336-unit community slated for completion in 2028. Cline Design Associates is the architect, The John R. McAdams Co. is civil engineer, and MAD Studio Interiors provided interior design services. Units will range from 600 to 1,280 square feet complemented by such amenities as a clubhouse with a leasing center, fitness center, club room, game room and …

October 9, 2026

Alabama Finance News Southeast

Bobo Development Group Obtains $53M Refinancing Loan for Huntsville Project

by Lynn Peisner October 6, 2026

HUNTSVILLE, ALA. — JLL has arranged a $53 million refinancing loan for Bobo Development Group’s Arcadia Huntsville. The 250-unit property at 4810 Bradford Drive in Huntsville’s Cumming Research Park was completed in 2024. Newport Beach, California-based Revitate is a limited partner in the project. Arcadia features studios, one- and two-bedroom floor plans, 18,000 square feet of retail and such amenities as a heated saltwater pool, clubhouse with demonstration kitchen, fitness center, coworking space, dog park, electric vehicle charging stations and outdoor grilling stations and lounge areas with gas fire pits. …

October 6, 2026

Affordable Housing Development Finance Florida News Southeast

Greystone Provides $167M in Financing for Gallery at Lummus Parc in Miami

by Lynn Peisner October 6, 2026

MIAMI — Greystone has provided and arranged $167 million in construction financing, Low-Income Housing Tax Credit (LIHTC) equity and permanent financing for Gallery at Lummus Parc, a 257-unit mixed-income project in downtown Miami. Locally based Related Urban Development Group is the developer. Construction is underway, and completion is slated for late 2028. Gallery at Lummus Parc is the 257-unit, 27-story first phase of a planned two-tower, 439-unit development. A second 182-unit tower, Residences at Lummus Parc, is planned as a separate phase. Greystone’s $167 million financing package applies to the …

October 6, 2026

Alabama Development News Southeast

McShane, Continental Break Ground on 252-Unit Alabama Development

by Lynn Peisner October 5, 2026

OPELIKA, ALA. — McShane Construction Co. and developer Continental Properties have broken ground on Springs at Opelika, a 252-unit garden-style community in Opelika, about 27 miles northwest of Columbus, Georgia. The project is positioned on a 13.5-acre site at 3305 Gateway Springs Drive and will comprise seven three-story apartment buildings offering studio, one-, two- and three-bedroom units. Amenities include a pool with covered patio seating, grills, a fire pit, an indoor-outdoor fitness center, a pet park and car-care center. Excel Engineering Inc. is the architect, and BSI is the civil …

October 5, 2026

Investment Sales News North Carolina Southeast

BAM Capital Buys Coastal Carolina Asset

by Lynn Peisner October 2, 2026

LELAND, N.C. — Indiana-based BAM Capital, the private equity affiliate of The BAM Cos., has acquired The Marling at Town Creek, a 334-unit community completed in 2024 in Leland, 10 miles west of Wilmington, North Carolina. The seller and sales price were not disclosed. Units feature stainless steel appliances, walk-in closets and full-sized washers and dryers. Amenities include a 24-hour fitness center, saltwater pool with a ledge deck and lounge seating, a clubhouse, coworking space, dog park, car-care center and a café. The acquisition marks BAM Capital’s entry to the …

October 2, 2026

Finance News North Carolina Southeast

Regions Provides $64M Freddie Mac Loan for Charlotte Refinancing

by Lynn Peisner October 1, 2026

MONROE, N.C. — Regions Real Estate Capital Markets has arranged a $64 million Freddie Mac loan for Signature Property Group’s refinancing of Elevate Rocky River in Monroe, 26 miles southeast of Charlotte. The loan refinances the new community, replacing a prior construction loan with a permanent debt. The community comprises one- and two-bedroom units and such amenities as a resort-style pool, coffee bar, package room, fitness center, dog park, playground, work spaces and electric vehicle charging stations. Signature Property Group is headquartered in Greensboro, North Carolina.

October 1, 2026

Investment Sales News North Carolina Southeast

Hamilton Point Investments Acquires Pavilion Village in Charlotte for $56.8M

by Lynn Peisner September 29, 2026

CHARLOTTE, N.C. — Chicago-based Pearlmark and Montana-based BCAP Properties have sold Pavilion Village, a 294-unit property in Northeast Charlotte to Hamilton Point Investments for approximately $56.8 million. JLL’s John Gavigan, John Mikels, Ben Bury, Chase Monroe and McCullough Campbell represented the seller. Pavilion Village was built in 2015 and is made up of one-, two- and three-bedroom units averaging 910 square feet. Amenities at the 26-acre property include a clubhouse, resort-style pool, fitness center, business center and a dog park. Parking is available in a mix of surface spaces and …

September 29, 2026

Investment Sales News Southeast Virginia

PXV Buys Indigo 19 in Virginia Beach

by Lynn Peisner September 29, 2026

VIRGINIA BEACH, VA. — PXV Multifamily has acquired Indigo 19, a 196-unit community in Virginia Beach. PXV is backed by Houston-based BroadVail Capital Partners and aims to acquire $2 billion in multifamily assets over the next three years, according to the company. The seller and sales price were not disclosed. Indigo 19, built in 2013, was acquired in a joint venture with funds managed by Intercontinental Real Estate Corp. Amenities include a resort-style pool, two-story clubhouse, fitness center, business center and landscaped courtyards. PXV is planning updates, including new exterior …

September 29, 2026

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