Florida

Casa Familia, Pinnacle Break Ground on $27 Million Inclusive Community in Miami

by Lynn Peisner November 13, 2025

MIAMI — Casa Familia and Pinnacle have broken ground on Gardens at Casa Familia, a 50-unit affordable housing property designed to serve individuals with intellectual and developmental disabilities. The $27 million project is being funded through multiple sources including Low-Income Housing Tax Credit equity. Nonprofit Casa Familia, which specializes in affordable housing for people with disabilities, partnered with Miami-based developer Pinnacle to build the community. Construction began in September, and completion is slated for the first quarter of 2027. The four-story building will feature 50 one-bedroom apartments, each equipped with …

November 13, 2025

Affordable Housing Development Finance Florida News Southeast

Abacus Breaks Ground on Arbor House in Palm Beach County

by Lynn Peisner November 12, 2025

PALM BEACH GARDENS, FLA. — JLL has arranged a $77.5 million construction loan for New York City-based Abacus Capital Group to develop Arbor House in Palm Beach Gardens. A publicly traded real estate investment company was the lender for the four-year, floating-rate loan. JLL’s team was led by Mona Carlton, Joshua Odessky and Michael Romero. The 13-story, 302-unit Arbor House will feature an attached garage with 480 parking spaces and a 7,000-square-foot amenity deck on the eighth floor that will be the site of a wellness and fitness center, cold …

November 12, 2025

Company News Florida News People News Southeast

TruAmerica Exec Launches Miami-Based Investment Firm

by Lynn Peisner November 11, 2025

MIAMI — TruAmerica’s former co-chief investment officer Matt Ferrari has departed the Los Angeles-based investment and development company to launch PXV Multifamily based out of Miami. The private investment and operations firm will target middle-market, value-add and larger, investment-grade properties suitable for institutional capital. PXV plans to deploy approximately $2 billion in acquisitions over the next 36 months and is capitalized with funds from BroadVail Capital Partners, a Houston-based real estate private equity firm that partners with management teams to build institutional real estate investment platforms. This partnership marks BroadVail’s …

November 11, 2025

Florida Investment Sales News Southeast

Pinnacle Sells Elyps in Fort Lauderdale for $46.5 Million

by Lynn Peisner November 11, 2025

FORT LAUDERDALE, FLA. — Pinnacle, a Miami-based developer, has sold Elyps in Fort Lauderdale for $46.5 million. The buyer was an affiliate of Oakland Park, Florida-based Rental Asset Management (RAM). CBRE represented Pinnacle in the transaction. Completed in 2023, the waterfront Elyps is situated aside Osceola Creek. Amenities at the 140-unit community include a resort-style pool with grilling areas, a lounge with a wet bar and coffee station, a fitness center and bike storage and repair facilities. Pinnacle’s strategy for Elyps reflects the company’s focus on building, stabilizing and eventually …

November 11, 2025

Development Finance Florida News Southeast

Namdar Group Secures $460 Million in Funding for First and Second Phases of Two-Tower Miami Project

by Lynn Peisner November 10, 2025

MIAMI — SCALE Lending has provided a $460 million funding package for Namdar Group’s new Miami development consisting of two 43-story towers in the central business district. The financing contains two parts: a $230 million bridge loan for the completion of 55 NE 2nd Street (Phase 1), which contains 680 units across 358,000 square feet; and a $230 million construction loan for an adjacent ground-up development at 50 NE 3rd Street (Phase II), containing 714 residential units across 395,000 square feet. SCALE Lending is the debt financing division of Slate …

November 10, 2025

Berkadia Florida Investment Sales News Southeast

Berkadia Arranges $93 Million Sale in St. Petersburg, Florida

by Lynn Peisner November 6, 2025

ST. PETERSBURG, FLA. — Berkadia has arranged the sale of Provenza at St. Pete, which Houston-based Hilltop Residential has acquired and rebranded Palmera Gateway. Momentum Real Estate Partners of Miami was the seller. The asset traded for approximately $93 million. The 308-unit property, 95 percent occupied at the time of sale, was built in 2014 in the Carillon Park mixed-use master-planned development. The garden-style community offers a mix of one-, two- and three-bedroom units ranging from 655 to 1,376 square feet with attached and detached garages available. Amenities include a …

November 6, 2025

Berkadia Florida Investment Sales News Southeast

Berkadia Brokers Sale of Two Pensacola Properties

by Lynn Peisner November 5, 2025

PENSACOLA, FLA. — Berkadia has arranged the sale of Atwood Oaks and Davis Gardens, two vintage communities totaling 211 units approximately 2 miles apart in Pensacola. Atlanta-based Tioga Capital acquired the 136-unit Atwood Oaks, while an undisclosed LLC out of Cantonment, Florida, purchased the 75-unit Davis Gardens. Berkadia’s David Etchison and Andrea Kendrick led the transaction. Built in 1972, Atwood Oaks at 1857 Atwood Drive comprises one- and two-bedroom units and such amenities as a pool, a dog park, a courtyard and on-site maintenance. Completed in 1985, Davis Gardens at …

November 5, 2025

Finance Florida News Southeast

Flournoy Partners Land $55 Million ReFi for Metro Orlando’s Apex Posner Park

by Lynn Peisner October 30, 2025

DAVENPORT, FLA. — Walker & Dunlop has arranged a $55 million loan for Flournoy Partners to refinance Apex Posner Park Apartments, a luxury community in Davenport, 33 miles southwest of Orlando. Walker & Dunlop’s team was led by Jeremy Pino, Livingston Hessam, Carl Passmore and Kyle Miller. An undisclosed institutional lender provided the capital for the bridge loan. The property’s amenities include a saltwater pool with cabanas and grilling areas, a fitness center, package lockers, a dog park, a clubhouse and a gaming area with billiards. According to the property …

October 30, 2025

Florida Investment Sales News Southeast

Marcus & Millichap Arranges $6 Million Sale in Fort Lauderdale

by Lynn Peisner October 30, 2025

FORT LAUDERDALE, FLA. — Marcus & Millichap has arranged the $6 million sale of 21 Apartments in Fort Lauderdale. Built in 1953 and renovated throughout the years, 21 Apartments is located at 2100 NE 33rd Ave. The two-story property comprises a mix of studios, one-bedroom and two-bedroom apartments. Each unit is furnished. The property features on-site laundry facilities, a pool, outdoor lounge areas and an on-site management office. Marcus & Millichap’s team was led by Evan Kristol, Felipe Echarte, Brandon Rex and Austin Michels. The team represented the seller and …

October 30, 2025

Berkadia Finance Florida News Southeast

Berkadia Arranges $17.8 Million ReFi for Miami Community

by Lynn Peisner October 29, 2025

MIAMI — Berkadia has arranged a $17.8 million Fannie Mae loan for Rental Asset Management (RAM). The sponsor will refinance RAM Miami River North, a 96-unit community in the Little Havana area of Miami that RAM acquired in 2022. Berkadia’s Miami-based team consisted of Mitch Sinberg, Scott Wadler, Brad Williamson, Matt Robbins and Hugo Hernandez. RAM is an Oakland Park, Florida-based multifamily owner and operator. Berkadia also arranged the original acquisition loan through Amerant. “Almost three-quarters of the units at RAM Miami River North offer rents at 120 percent of …

October 29, 2025

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