Southeast

The Lynd Group Obtains $34.5M Refinancing for Parc Place Apartments in Metro Miami

by Lynn Peisner April 28, 2026

MIAMI GARDENS, FLA. — The Lynd Group has secured a $34.5 million loan, provided by A10 Capital, to refinance Parc Place, a 234-unit community in Miami Gardens, about 17 miles north of Miami. The Lynd Group, an investment, development and property management firm based in San Antonio, acquired Parc Place in 2021 for $40.8 million. The loan will support the company’s ongoing renovations. According to CEO David Lynd, monthly rent increases so far during the hold period have ranged from $120 to $150. Unit improvements include new flooring, countertops, stainless …

April 28, 2026

Georgia Investment Sales News Southeast

Elmington Residential Buys Resia Tributary in Metro Atlanta for $73.3M

by Lynn Peisner April 28, 2026

DOUGLASVILLE, GA. — JLL has arranged the $73.3 million sale of Resia Tributary, a 433-unit community in the western Atlanta suburb of Douglasville. Miami-based developer Resia was the seller, and Nashville, Tennessee-based investor, developer and property manager Elmington Residential was the buyer. Located at 1851 Market St., the asset was built in 2023 and includes a mix of studios, one- and two-bedroom units and such amenities as a pool, 24-hour fitness center, pickleball court, outdoor gaming area, dog park and a multi-purpose community room with workspaces. Additionally, Resia Tributary includes 12,341 …

April 28, 2026

Affordable Housing Investment Sales News North Carolina Southeast

Rise48 Equity Buys Raleigh, North Carolina, Property, Plans Renovations and Institutes Rent Caps

by Lynn Peisner April 28, 2026

RALEIGH — Rise48 Equity has acquired Atria at Crabtree Valley in Raleigh and will rebrand the property Rise Bluestone. Located at 4601 Baymar Drive, the community was developed in 1987. Rise48 is planning a value-add renovation program across all units that will include new vinyl plank flooring, resurfaced countertops and updated finishes. From a service standpoint, Rise48 will install a bulk cable and internet program and as well as new carport parking. The Arizona-based company says these efforts are expected to result in a monthly rental rate increase of approximately …

April 28, 2026

Affordable Housing Development Finance Florida News Southeast

North River Partners, Amzak Capital Provide $68.5M Construction Loan for Fort Lauderdale’s Flats Flagler Gateway

by Lynn Peisner April 27, 2026

FORT LAUDERDALE, FLA. — North River Partners and Amzak Capital Management have provided a $68.5 million construction loan to CEDARst Cos. for the development of Flats Flagler Gateway in Fort Lauderdale. The 215-unit, 12-story building at 745 N. Andrews Ave. will include a mix of studio, one-, two- and three-bedroom apartments, some of which will be offered at below-market-rate rents. Specific restrictions were not disclosed. Amenities feature a fitness center, pool, outdoor deck and coworking space. Dorskly + Yue International is the architect. Construction is expected to begin in May …

April 27, 2026

Build-to-Rent Development News South Carolina Southeast

Henderson Park, Green Room Partners Break Ground on South Carolina BTR Project The Bower

by Lynn Peisner April 27, 2026

BLUFFTON, S.C. — International private equity firm Henderson Park and Charleston, South Carolina-based developer Green Room Partners have broken ground on The Bower, a 266-unit build-to-rent community in Bluffton. Amenities at The Bower will include a clubhouse with a library, coworking space, a community kitchen, lounge and a fitness center. Outdoor amenities feature a pool, outdoor kitchen and bar, cabana, grilling stations, pickleball courts, a putting green, fire pit, dog park and an interconnected walking trail system throughout the community. The clubhouse and amenities are scheduled for completion in July …

April 27, 2026

Investment Sales News Southeast Virginia

Bradford Manor in Richmond, Virginia, Trades for $4.2M

by Lynn Peisner April 24, 2026

RICHMOND, VA. — Marcus & Millichap has arranged the $4.2 million sale of Bradford Manor Apartments in Richmond. Neither party to the transaction was named. Bradford Manor Apartments, located at 2027 Fairfield Ave., was built in 1970 and consists of 56 two-bedroom, two-bath units. Marcus & Millichap’s Kristina Ermyakina led the transaction.

April 24, 2026

Finance Louisiana News Operations Southeast

The Lynd Group Secures $49M to Renovate Four New Orleans Properties

by Lynn Peisner April 23, 2026

NEW ORLEANS — The Lynd Group has closed on $49 million in financing to support renovations for a 1,512-unit, four-property portfolio acquired out of bankruptcy in New Orleans earlier this year. The unit renovations will include new appliances and updated flooring and countertops. Privacy gates, security cameras and on-site security staff also will be added, as will new community services and amenities, such as pools, fitness centers, playgrounds, community centers, sports courts and after-school programming. Current rents across the portfolio range from approximately $950 to $1,430 per month. Following renovations, …

April 23, 2026

Investment Sales News Southeast Virginia

Bonaventure Buys Royal Pointe Apartments in Virginia Beach for $39.5M

by Lynn Peisner April 23, 2026

VIRGINIA BEACH, VA. — Bonaventure has acquired Royal Pointe Apartments in Virginia Beach for $39.5 million. The purchase of the 208-unit property was completed through Bonaventure Multifamily Income Trust (BMIT) and incorporated a combination of tax-saving structures, including a partial 1031 exchange and a 721 exchange (UPREIT). Bonaventure worked with Greystone to assume the property’s existing financing as part of the acquisition. The seller was not specifically disclosed, but Featherstone acquired the property in 2022. Royal Pointe Apartments was built in 1987. Bonaventure plans to execute a series of enhancements …

April 23, 2026

Finance Florida News Southeast

Mesa West Funds $50M Loan to Refinance Gran Bay in Jacksonville

by Lynn Peisner April 22, 2026

JACKSONVILLE, FLA. — Mesa West Capital has provided Beachwold Residential a $50.5 million refinancing loan for Gran Bay Apartments in Jacksonville. The financing was arranged by Walker & Dunlop. Gran Bay Apartments was developed in 2015 and includes 308 unit and 14 buildings situated on 15.5 acres. A mix of one-, two- and three-bedroom units are offered alongside amenities such as a resort-style pool, fitness center, grilling areas, fire pits and a dog park.

April 22, 2026

Berkadia Investment Sales News South Carolina

Marcus & Millichap Arranges $3.6M Sale of Myrtle Beach Asset

by Lynn Peisner April 22, 2026

MYRTLE BEACH, S.C. — Marcus & Millichap has arranged the sale of Chicora Apartments, a 34-unit community in Myrtle Beach. The asset traded for $3.6 million. Neither party to the transaction was named. Will Graves Jr., Ryan Lipomi and Carson Ford of Marcus & Millichap represented the seller. Built in 1963, the property is located at 501 38th Ave. North on a 1.9-acre lot. The community totals approximately 31,000 rentable square feet and includes one-, two- and three-bedroom apartments with an average unit size of 912 square feet.

April 22, 2026

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