Florida

Bridgewater-Grand
BerkadiaFloridaInvestment SalesNewsSoutheast

Berkadia Arranges Sale of Bridgewater Grand in Lakeland

by Lynn Peisner

LAKELAND, FLA. — TrimCor has sold Bridgewater Grand, a 300-unit property in Lakeland, to Hamilton Point Investments for an undisclosed amount. Managing Director David Etchison, Senior Managing Directors Cole Whitaker and Jason Stanton and Director Mary Beale of Berkadia Central & North Florida led the transaction on behalf of the seller. The property was 95 percent occupied on July 10, the date of the sale. Lakeland is located midway between Tampa and Orlando. Bridgewater Grand was developed in 2020 and is a three-story, garden-style community on 31 acres overlooking a …

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Perse-Apartments
FloridaInvestment SalesNewsSoutheast

Atlas Real Estate Partners Buys Perse Apartments in Orlando

by Lynn Peisner

ORLANDO, FLA. — Atlas Real Estate Partners has acquired Perse Apartments, a 384-unit community located in Orlando, about three miles from Disney World. The seller, TRION Properties, was represented by JLL’s Capital Markets Investment Sales and Advisory team led by Directors Ted Taylor and Kyle Butler. Financing was arranged by Scott Wadler, Mitch Sinberg, Matt Robbin and Brad Williamson of Berkadia. Built in 2008, Perse Apartments consists of one-, two- and three-bedroom units averaging approximately 1,100 square feet. Atlas is planning a value-add strategy during its hold period with capital …

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Magnolia-at-Powell
Build-to-RentDevelopmentFinanceFloridaNewsSoutheast

Agador Spartacus Receives $26 Million Loan for Magnolia at Powell

by Lynn Peisner

WILDWOOD, FLA. — Agador Spartacus has secured a $26 million take-out bridge loan on existing construction debt used to build Magnolia at Powell in Wildwood. The Aventura, Florida-based developer completed the build-to-rent project in January. JLL Capital Markets arranged the financing with a team led by Managing Director Max La Cava, Senior Managing Director Melissa Quinn, Vice President Rob Rothaug and Analyst Jade Starkey. The funding provider of the loan was not disclosed. Magnolia at Powell is located adjacent to The Villages active adult community and features one-, two- and …

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Allure-on-Enterprise
Build-to-RentFloridaInvestment SalesNewsSoutheast

Cushman & Wakefield Brokers Central Florida BTR Deal

by Lynn Peisner

DEBARY, FLA. — MTK Developments has sold Allure on Enterprise in DeBary for an undisclosed cost.  KRI Partners bought the build-to-rent property that sits 26 miles north of Orlando, Florida. Cushman & Wakefield’s Nick Meoli, Joey Blakley and Mike Donaldson represented MTK in the transaction. Completed in 2023, Allure on Enterprise was 98 percent occupied at the time of the sale. It includes amenities such as gated access, a clubhouse, a resort-style pool, a fitness center and yoga studio, a dog park with a wash station, an electric vehicle charging …

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Legend-Oaks-Tampa
BerkadiaFinanceFloridaNewsSoutheast

Berkadia Arranges $107.3 Million Refinancing of Three Vintage Properties In Central Florida

by Lynn Peisner

ORLANDO, FLA. — Berkadia has arranged $107.3 million in debt to refinance a three-property, 944-unit portfolio owned by Tampa, Florida-based Robbins Property Associates. The assets are located in and around Orlando. Senior Managing Director Mitch Sinberg, Managing Directors Scott Wadler and Brad Williamson and Vice President Hugo Hernandez of Berkadia Boca Raton and Miami arranged the 10-year, fixed-rate Freddie Mac loan. The deal closed on June 30. The properties are the 460-unit Briarcrest at Winter Haven, built in 1972; Legend Oaks in Tampa with 416 units that was constructed in …

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RIVR-Lofts
DevelopmentFinanceFloridaNewsSoutheast

Moderno Development Group Locks in $117 Million Refinancing for Fort Lauderdale Project

by Lynn Peisner

FORT LAUDERDALE, FLA. — JLL has arranged a three-year, floating-rate $117 million loan for Miami-based Moderno Development Group. The borrower will use the loan to refinance construction debt for Rivr Lofts, a 352-unit property Moderno completed in November 2024. The name of the lending institution was not disclosed. Rivr Lofts in Fort Lauderdale is currently 65 percent leased and includes a mix of studios and one- and two-bedroom residences. Amenities include a rooftop pool and lounge with river, city and ocean views, a fitness center and 3,000 square feet of …

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Vida-Lakewood-Ranch
BerkadiaFloridaInvestment SalesNewsSoutheast

Zilber Residential Sells Bradenton Asset for $92 Million

by Lynn Peisner

BRADENTON, FLA. — Zilber Residential Group, a Milwaukee-based developer, owner and property manager founded in 1949, has sold Vida Lakewood Ranch in Bradenton to an undisclosed investor for $92 million. Berkadia Senior Managing Director Matt Mitchell and Director Chris Burtner represented Zilber, which developed the asset, in the deal. The two-story, garden-style Vida is located in Lakewood Ranch, a master-planned community that spans 50 square miles in Manatee and Sarasota counties. The property is comprised of one- and two-bedroom units. Amenities include a fitness center, shaded game lawn and grilling …

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Sunlake-North
BerkadiaBuild-to-RentDevelopmentFloridaInvestment SalesNewsSoutheast

Maymont 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 Maymont 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. Maymont 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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2000-Biscayne-Miami
FinanceFloridaNewsSoutheast

Kushner, PTM Secure $87.3 Million Refinancing Loan for Miami Asset

by Lynn Peisner

MIAMI — Walker & Dunlop has arranged an $87.3 million loan on behalf of Kushner Companies and PTM Partners to retire construction-phase debt on 2000 Biscayne in Miami. The property, located on Biscayne Boulevard, is a 36-story residential tower featuring 420 apartments. The joint venture development team completed construction in October 2024. The W&D New York Capital Markets team led by Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Michael Stepniewski, Jordan Casella, Christopher de Raet and Stanley Cayre were advisors to the borrowers. Corebridge Financial provided the capital for …

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Pointe-at-Carrollwood-Tampa
BerkadiaFinanceFloridaNewsSoutheast

Berkadia Arranges $38.3 Million Refinancing for Beacon Realty Group

by Lynn Peisner

TAMPA, FLA. — Berkadia has arranged approximately $38.3 million in debt and equity for the refinancing of Pointe at Carrollwood owned by Miami-based Beacon Realty Group. Beacon bought the 224-unit Tampa asset in 2022 as a value-add acquisition and has since invested about $3.6 million in capital improvements. The firm will use the financing to retire existing acquisition debt. The property is currently 95 percent occupied. Berkadia arranged a $29.9 million, five-year fixed-rate Freddie Mac loan. In addition, Miami-based Atlantic Pacific Companies, a privately owned real estate firm, provided a …

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