Florida

Sunlake-North
Build-to-RentDevelopmentFloridaInvestment SalesNewsSoutheast

Maymount Homes, Dinerstein to Develop BTR Project Near Tampa

by Lynn Peisner

LAND O’LAKES, FLA. — Berkadia has arranged the sale of a 28.5-acre parcel. Brookfield Residential Land was the seller, and Maymount Homes was the buyer. The site, located in the master-planned community of Bexley 30 miles north of Tampa, is entitled for low-density multifamily. Maymount will partner with Dinerstein Cos. to develop a 250-unit build-to-rent (BTR) community on the site. The project will be complete by the fourth quarter of 2026. The unnamed project will include a mix of two- and three-bedroom residences featuring private yards, attached garages and access …

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Eden-Heritage-Lakes
Build-to-RentFinanceFloridaNewsSoutheast

JLL Capital Markets Arranges $114 Million in Construction Takeout Loans for EDEN Living

by Lynn Peisner

WEST MELBOURNE AND JACKSONVILLE, FLA. —  JLL Capital Markets has arranged $114 million in bridge loans on behalf of BTR developer EDEN Living to refinance existing construction debt on two properties. The package includes a $70 million loan for the 373-unit EDEN at Heritage Lakes in West Melbourne and a $44 million loan for the 265-unit EDEN at Kendall West in Jacksonville. The direct lender of the construction takeout loans was not disclosed. Both properties were developed in 2024. JLL Capital Market’s Debt Advisory team representing the borrower was led by …

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The-Perrin
DevelopmentFinanceFloridaNewsSoutheast

Empira Group Secures $111 Million Loan, Breaks Ground on The Perrin in Miami

by Lynn Peisner

MIAMI — Newmark has arranged a $111 million construction loan, funded by Goldman Sachs, for the construction of The Perrin in Miami. The borrower and developer, The Empira Group, has broken ground on the 26-story, 310-unit project in the Brickell neighborhood. Construction is slated for completion in 2028. The project will include 2,500 square feet of ground-floor retail, 380 parking spaces and a mix of studio to three-bedroom units. Amenities include a fitness center with a yoga room, coworking spaces, a resort-style pool with cabanas and grills and a rooftop …

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FloridaInvestment SalesNewsSoutheast

Mesa Capital Partners Acquires The Julington in Jacksonville

by Lynn Peisner

JACKSONVILLE, FLA. — Mesa Capital Partners has acquired The Julington in the Mandarin neighborhood of Jacksonville. Developed in 2023 by local firm RISE Development, the 260-unit property features coworking spaces, a resort-style pool, pet spa, a garden and more. Financing for the acquisition was arranged through Walker & Dunlop’s Atlanta office. Pegasus Residential will oversee day-to-day property management. Atlanta-based Mesa Capital owned approximately 800 units in the Jacksonville metro area between 2013 and 2021. The acquisition of the Julington marks the investment and development firm’s re-entry to the market. Seller …

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ANF-South-Pointe
DevelopmentFloridaNewsSoutheast

ANF, Graham Cos. Complete Construction of South Pointe in Miami Lakes

by Lynn Peisner

MIAMI LAKES, FLA. — General contractor ANF and developer The Graham Cos. have completed construction of South Pointe, a mixed-use project in Miami Lakes in Northwest Miami-Dade County, about 16 miles from downtown Miami. Wolfberg Alvarez & Partners was the architect. South Pointe spans approximately 8 acres acres along Commerce Way. The community features 179 units and 17,063 square feet of ground-floor retail space across three four-story buildings set alongside a lake. Amenities include a pool, wellness center, dog park, basketball court, meeting rooms, gazebos, 370 parking spaces and electric …

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Miami-CEDARst
DevelopmentFloridaNewsSoutheast

CEDARst Breaks Ground in Miami’s Little River Neighborhood

by Lynn Peisner

MIAMI — CEDARst Cos. has broken ground on a mixed-use project in Miami that will include 191 units and 8,000 square feet of ground-floor retail in Miami’s Little River neighborhood. Completion is slated for May 2027. Units are designed in a mix of 52 studios as well as 84 one-bedroom, 43 two-bedroom and 12 three-bedroom floor plans. The property will also offer 302 parking spaces and a host of amenities, including coworking lounges, a golf simulator with two hitting bays, an indoor pickleball court, a pool deck, dry sauna, cold …

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Mayla-Cypress-Creek
BerkadiaDevelopmentFinanceFloridaNewsSoutheast

Grover Corlew Secures $92 Million to Develop Mayla Cypress in Fort Lauderdale

by Lynn Peisner

FORT LAUDERDALE, FLA. — Grover Corlew, a Boca Raton, Florida-based developer, has secured a $92 million construction loan to build Mayla Cypress, a 312-unit community in the Cypress Creek submarket of North Fort Lauderdale. Berkadia Managing Director Scott Wadler, Vice President Patrick Johnson, Senior Managing Director Mitch Sinberg, along with Brad Williamson and Matthew Robbins, managing directors of Berkadia Miami and Boca Raton, arranged the three-year construction loan provided by Affinius Capital. The deal closed on May 30. Mayla Cypress is situated on a 3.7-acre site Grover Corlew assembled in …

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Renaissance-at-Strawberry-Creek
FloridaInvestment SalesNewsSoutheast

NAI Hallmark Brokers Jacksonville Sale

by Lynn Peisner

JACKSONVILLE, FLA. — The Focus Group has sold Renaissance at Strawberry Creek in Jacksonville for $23.4 million to Huber Equity Group. NAI Hallmark Senior Vice President John Rutherford and Vice President Luke McCann brokered the transaction on behalf of the seller and buyer. The 195-unit property was developed in 1969 and was renovated most recently in 2024. Units are offered in floor plans ranging from one to three bedrooms. Renaissance at Strawberry Creek consists of 14 three-story buildings and a clubhouse situated on about 11 acres.

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Oaktree-Portfolio_alcove-orlando
ArizonaFinanceFloridaNewsSoutheastWestern

JLL Capital Markets Arranges $255.3 Million ReFi for TruAmerica, Oaktree Capital Management

by Lynn Peisner

LOS ANGELES — TruAmerica Multifamily and Oaktree Capital Management, both based in Los Angeles, have secured a loan for approximately $255.3 million to refinance four properties. JLL Capital Market’s debt advisory team represented the borrower and was led by President Kevin Mackenzie and Managing Directors Annie Rice and Brandon Smith. The JLL team arranged a five-year, floating-rate loan through a national bank. The portfolio includes three Florida properties: Arbors at Carrollwood in Tampa and Audubon Park and Alcove Orlando in Orlando. In Arizona, the portfolio features Luxe Scottsdale. The properties …

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Aviara Lake Worth
BerkadiaFloridaInvestment SalesNewsSoutheast

Berkadia Arranges BTR Sale in Palm Beach County

by Lynn Peisner

LAKE WORTH, FLA. — Berkadia has arranged the sale of Aviara Lake Worth, a build-to-rent community in Palm Beach County. The seller was MAG Real Estate & Development of Delray Beach, Florida, and the buyer was Miami-based Corinthian Capital, a Florida-focused commercial real estate investment firm. The sales price was not disclosed. Aviara Lake Worth is a 36-unit townhome community that was built in 2019 on a 3.5-acre site at 3902 Melaleuca Lane in Lake Worth. It consists of three two-story townhome buildings containing 30 three-bedroom units and six four-bedroom …

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