RUSKIN, FLA. — Berkadia has arranged a $56.6 million loan to refinance The Easton Riverview in Ruskin, 27 miles south of Tampa, Florida. The borrower/owner is a joint venture of Cross Lake Partners of New York, GreenPointe Holdings of Jacksonville, Florida, and Rivers Residential LLC of Atlanta. Mesa West Capital provided the loan. Built in 2023 on 15 acres, The Easton Riverview offers a mix of one-, two- and three-bedroom floor plans. Amenities include a pool with cabanas, 24-hour fitness center with yoga room, two dog parks, electric vehicle charging …
Florida
MIAMI — Miami-Dade County has approved plans for The HueHub, an $880 million, 12-acre development in the West Little River neighborhood that will include 4,032 units of affordable housing. Developers Pablo Castro and Laura Tauber will break ground later this year with completion slated for the second quarter of 2028. The project was approved under the Live Local Act, which is state legislation passed in 2023 to encourage affordable housing projects by granting developers tax incentives and flexibility with permits related to density, height, parking and other building regulations. In …
SUNRISE, FLA. — Category Five Real Estate has acquired a four-property portfolio in Sunrise, about 10 miles west of Fort Lauderdale. The South Florida-based private equity firm paid approximately $32.3 million, which included a $21 million loan funded by Santander and arranged by Berkadia. The four assets in the portfolio were constructed between 1969 and 1973 and total 185 units. The properties are Sunrise Gardens, La Haina, Lake Success and Riverview.
BRANDON, FLA. — Berkadia has arranged approximately $32.4 million on behalf of Robbins Property Associates and Hartford Investment Management Co. (HIMCO) to refinance Lakeside Central Apartments, a 228-unit garden-style community in the Tampa suburb of Brandon, Florida. Senior Managing Director Mitch Sinberg, Managing Directors Scott Wadler and Brad Williamson and Vice President Hugo Hernandez of Berkadia Miami and Boca Raton secured the five-year, fixed-rate Freddie Mac loan. Berkadia also financed the property’s acquisition in 2018 with a floating-rate, Freddie Mac loan. Buit in 1985 and located at 529 S. Parsons …
MIAMI — Marcus & Millichap has arranged the $3.6 million sale of Walker Apartments, a five-building, 18-unit portfolio in Miami. Nicholas McAndrew, Evan P. Kristol and Felipe Echarte, investment specialists in Marcus & Millichap’s Fort Lauderdale office, represented the seller, a private owner in the transaction, marking the first time the property has changed hands in about 40 years. Built in 1960, the units at Walker Apartments are located at five separate street numbers along NE 5th Place on a 1.2-acre lot. The unit mix comprises one- and three-bedroom apartments. …
MIAMI — Berkadia has arranged a $56 million Fannie Mae loan on behalf of a joint venture partnership that is refinancing Wynwood Haus, a 224-unit, 20-story community developed in 2024 in Miami’s Wynwood neighborhood. The joint venture owners are LD&D, IGEQ, Black Salmon and Bridge Investment Group. The deal closed on July 21, at which time the property was 94 percent occupied. Wynwood Haus offers studios, one- and two bedroom-units and 6,824 square feet of ground-floor retail. One hundred of the apartments are designated as workforce housing for households earning …
MIAMI BEACH, FLA. — Bristol Realty Partners LLC has sold 7700-7720 Abbott Avenue, a three-property, 36-unit, corner-lot portfolio in Miami Beach for $9 million. Joseph P. Thomas, senior managing director investments, and Alec Demetriou and Adam Marcuvitz, investment specialists in Marcus & Millichap’s Fort Lauderdale office, marketed the property on behalf of the seller and procured the unidentified buyer. Built between 1940 and 1957, the three properties include 12 studios and 24 one-bedroom units on approximately 17,000 square feet of land.
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 …
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 …
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 …