Florida

JLL Capital Markets Arranges Construction Financing for 162-Unit Build-to-Rent Development in Metro Tampa

by Channing Hamilton September 27, 2024

SPRING HILL, FLA. — JLL Capital Markets has arranged a $32 million construction loan for Magnolia at Spring Hill, a 162-unit built-to-rent community in Spring Hill, 40 miles north of Tampa, Florida. Agador Spartacus Development was the borrower. Magnolia at Spring Hill will offer two-bedroom flats and two- and three-bedroom townhome-style units with an average size of 1,144 square feet. Planned amenities include a pool, pickle and basketball courts, playgrounds, a fitness studio and outdoor kitchen. Development is expected to complete in late 2025. JLL arranged the non-recourse loan through a …

September 27, 2024

Build-to-Rent Development Finance Florida News Southeast

Stellar, AARE Secure $52.7 Million Construction Loan for Build-to-Rent Community in Palm Bay, Florida

by Channing Hamilton September 23, 2024

PALM BAY, FLA. — Stellar Communities and Adam America Real Estate have secured LP equity and a $52.7 million non-recourse construction loan for Havens at Palm Bay, a 266-unit build-to-rent project located in Palm Bay in Florida’s “Space Coast” region. Max La Cava, Pier Barinci and Shane Ciacci of JLL Capital Markets arranged the financing. Havens at Palm Bay will offer single-story units in one-, two- and three-bedroom floor plans. Planned amenities include a pool, clubhouse, children’s playground, dog park, self-storage and detached parking. The development is slated to complete in 2026. …

September 23, 2024

Florida Leasing & Marketing News People News Southeast

Hillpointe Hires Jessica Ray as Vice President of Marketing

by Channing Hamilton September 17, 2024

WINTER PARK, FLA. — Hillpointe LLC, a developer based in Winter Park, has hired Jessica Ray to the position of vice president of marketing. In her new role, Ray will lead the company’s marketing efforts to enhance brand awareness, drive customer engagement and drive measurable results. Before joining Hillpointe, Ray served as senior director of marketing and communications at Full Sail University. She received a bachelor of science in organizational communications and a master of science in integrated marketing communications from West Virginia University.

September 17, 2024

Halston Waterleigh in Winter Garden, Florida

Florida Investment Sales News Southeast

Ashcroft Capital Acquires 354-Unit Halston Waterleigh in Suburban Orlando

by Channing Hamilton September 13, 2024

WINTER GARDEN, FLA. — Ashcroft Capital has purchased Halston Waterleigh, a 354-unit garden-style community in Winter Garden, 17 miles west of downtown Orlando. Formerly known as Braxton Waterleigh, the property is situated within the 22,000-acre Horizon West master-planned community. The seller and sales price were not disclosed. Halston Waterleigh was built in 2021. The community offers one-, two- and three-bedroom units ranging from 769 to 1,484 square feet. Amenities include a pool with cabanas, fitness center, clubhouse, outdoor kitchen and grill area, pet wash, pet park, sand volleyball court, playground, EV …

September 13, 2024

Company News Florida News People News Southeast

Hillpointe Selects Will Bohn as Managing Director, Asset Management

by Channing Hamilton September 9, 2024

WINTER PARK, FLA. — Hillpointe LLC, a developer headquartered in the Orlando, Florida suburb of Winter Park, has appointed Will Bohn to the role of managing director, asset management. Prior to joining Hillpointe, Bohn served as senior vice president of asset management at Simply Self Storage. He began his career with National Storage Affiliates, a public REIT, where he held positions focused on data science, revenue management and acquisitions. Bohn secured a Master of Finance and a Bachelor of Arts in Finance and Legal Studies from Tulane University.

September 9, 2024

Finance Florida News Southeast

JLL Capital Markets Arranges Financing for Preserve at Perdido in Pensacola, Florida

by Channing Hamilton September 9, 2024

PENSACOLA, FLA. — JLL Capital Markets has negotiated financing for Preserve at Perdido, a 312-unit community in Pensacola. JLL worked on behalf of the borrower, Graycliff Capital, to secure the seven-year, fixed-rate loan through Freddie Mac. Trent Niederberger and Danté Thomas led the JLL Capital Markets Debt Advisory team. The loan will be serviced by JLL Real Estate Capital LLC, a Freddie Mac Optigo Lender. Built in 2022, Preserve at Perdido features one-, two- and three-bedroom apartments with an average size of 1,201 square feet. The complex consists of 13 …

September 9, 2024

Florida Investment Sales News Southeast

Marcus & Millichap Brokers $2.4 Million Sale of NoMi Villas in Miami Suburb

by Channing Hamilton September 9, 2024

NORTH MIAMI, FLA. — Marcus & Millichap (NYSE: MMI) has arranged the sale of NoMi Villas, a 16-unit asset in the Miami suburb of North Miami. The property rises two stories on a 0.3-acre site. Falcon Real Estate Holdings purchased the community from Xanadu Prop for $2.4 million. Nicholas McAndrew, Evan Kristol and Felipe Echarte of Marcus & Millichap’s Fort Lauderdale office marketed the property on behalf of the seller and procured the buyer.

September 9, 2024

Development Florida News Southeast

Presidium Completes 334-Unit Presidium Regal in Jacksonville, Florida

by Channing Hamilton August 23, 2024

JACKSONVILLE, FLA. — Presidium has completed Presidium Regal, a 334-unit development located at 14501 Beach Blvd. in Jacksonville. Designed by Atlanta-based Dwell Design Studio, the property offers one-, two- and three-bedroom apartments that range in size from 550 to 1,600 square feet. Amenities include a 11,000-square-foot leasing office and clubhouse featuring a clubroom, game lounge, golf simulator, theater room, showroom kitchen, coworking lounge with micro-offices, podcast rooms, a rooftop lounge and a 2,000-square-foot fitness center. Other amenities include a pool with grilling stations, cabanas, indoor and outdoor fireplaces, car wash, juice …

August 23, 2024

Florida Investment Sales News Southeast

Marcus & Millichap Brokers $11.2 Million Sale of Paddock Apartments in Ocala, Florida

by Channing Hamilton August 22, 2024

OCALA, FLA. — Marcus & Millichap (NYSE: MMI) has negotiated the sale of Paddock Apartments, an 85-unit community in the central Florida city of Ocala. Paddock Apartments is located at 1900 SW 31st Ave. and consists of 19 buildings. Apartments come in one- and two-bedroom layouts. Red Knight Ocala sold the property to Paddock Apartments 85 for $11.2 million. Jason Hague and Ned Roberts of Marcus & Millichap’s Tampa office marketed the asset on behalf of the seller and procured the buyer.

August 22, 2024

Finance Florida News Southeast

PMG, Greybrook Secure $178 Million Refinancing for Society Wynwood in Miami

by Channing Hamilton August 21, 2024

MIAMI — PMG and Greybrook have secured a $178 million loan for the refinancing of Society Wynwood, a 318-unit mixed-use asset located at 176 N.W. 25th St. in Miami’s Wynwood Arts District. Eastdil Secured arranged the loan through funds managed by Ares Management and Monarch Alternative Capital on behalf of the borrowers. Randy Barcelo of Stearns Weaver Miller advised PMG in the transaction. Society Wynwood rises 10 stories. The community offers 82,000 square feet of amenities, including a pool, theater lawn, outdoor gym and coworking spaces. The property also offers 50,210 …

August 21, 2024

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