Florida

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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The-Indigo-Apartments-Clearwater
Affordable HousingBerkadiaDevelopmentFloridaNewsSoutheast

Sunrise Affordable Housing Locks in Financing to Convert Clearwater Market-Rate Property

by Lynn Peisner

CLEARWATER, FLA. — Sunrise Affordable Housing Group has arranged financing to convert The Indigo Apartments in Clearwater from a market-rate to an affordable community. Part of the financing includes a $20.3 million HUD loan arranged by Berkadia. Other sources of financing include federal Low-Income Housing Tax Credit (LIHTC) equity from R4 Capital, two loans from the City of Clearwater and land trust equity from Pinellas County. Following a renovation, the 208-unit tower will be converted from market-rate housing into affordable housing for families earning between 30 and 80 percent of …

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Addison-Landing-Jacksonville
BerkadiaFloridaInvestment SalesNewsSoutheast

Berkadia Arranges $44.8 Million Jacksonville Sale

by Lynn Peisner

JACKSONVILLE, FLA. — Berkadia has arranged the sale of Addison Landing in Jacksonville. WRH Realty out of St. Petersburg, Florida, sold the 289-unit community to Tampa-based Argyle Real Estate Capital. According to public records, the asset traded for approximately $44.8 million. Senior Director Greg Rainey and his team at Berkadia Central & North Florida represented the seller. Matt Robbins, Mitch Sinberg, Brad Williamson, Scott Wadler and Hugo Hernandez of Berkadia Boca Raton and Miami lined up financing for the buyers, which included a $31.3 million, Freddie Mac-backed loan with a …

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Link-at-Boca
DevelopmentFloridaNewsSoutheast

13th Floor Investments to Build Boca Raton TOD with 340 Units

by Lynn Peisner

BOCA RATON — South Florida-based developer 13th Floor Investments will develop Link at Boca, a multifamily transit-oriented development adjacent to the Boca Raton Tri-Rail station. The Tri-Rail is a commuter train that serves the Greater Miami and Palm Beach areas. The developer will complete construction by summer 2027. Link at Boca will consist of eight stories containing 340 market-rate and workforce apartments as well as 24,000 square feet of retail. Rent restrictions on the workforce units were not disclosed. Comras Co. is leading retail leasing. The project is a public-private …

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TheHadley
Build-to-RentDevelopmentFloridaNewsSoutheast

Thompson Thrift Opens The Hadley on Florida’s West Coast

by Lynn Peisner

NORTH PORT, FLA. — Thompson Thrift has opened The Hadley in North Port, 35 miles south of Sarasota, Florida. Resident move-ins began in February. Thompson Thrift estimates all construction will be complete by February of 2026. The Hadley is a 268-unit property that sits on 25 acres. Each residence has a private front door entry and private outdoor patio as well as stainless-steel appliances, tile backsplashes, hardwood-style flooring, walk-in closets, full-sized washers and dryers, high-speed internet and smart thermostats. One-, two, and three-bedroom floor plans are available. Community amenities at …

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2900-Terrace
DevelopmentFinanceFloridaInvestment SalesNewsSoutheast

Oak Row Equities Breaks Ground on $210.5 Million Miami Tower

by Lynn Peisner

MIAMI — Oak Row Equities has secured $210.5 million in construction financing for 2900 Terrace, a 324-unit high-rise in the Edgewater neighborhood of Miami. The financing package includes a $142.5 million senior loan from Bank OZK and a $68 million mezzanine loan from Canyon Partners Real Estate LLC. JLL arranged both loans for Oak Row Equities. Construction has begun with completion slated for the fourth quarter of 2027. Units at 2900 Terrace, designed by architecture firm Arquitectonica, will be offered in one-, two- and three-bedroom floor plans. The tower’s amenity …

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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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