North Carolina

HARMON-Jefferson-Village-Greensboro
DevelopmentLeasing & MarketingNewsNorth CarolinaSoutheast

Crescent Communities Opens HARMON Jefferson Village in Greensboro, North Carolina

by Lynn Peisner

GREENSBORO, N.C. — Crescent Communities has completed, opened and begun leasing HARMON Jefferson Village, a rental townhome community in Greensboro, less than half a mile from the Jefferson Village shopping center. The Charlotte, North Carolina-based investor, developer and operator’s HARMON brand portfolio is comprised of single-family rental communities in Sun Belt markets. Jefferson Village features three- to four-bedroom units and amenities that include a pool with a pavilion and outdoor kitchen with a grilling station and outdoor dining, an event lawn and trailhead access to Price Park. HARMON properties in …

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The-Maggie-Raleigh
Investment SalesNewsNorth CarolinaSoutheast

Tishman Speyer Buys The Maggie In Raleigh, North Carolina

by Lynn Peisner

RALEIGH, N.C. — Tishman Speyer has acquired The Maggie, a 244-unit community adjacent to North Carolina State University in Raleigh. The property sits on 2.8 acres and was developed in 2014. Located at 401 Oberlin Road, The Maggie is in Raleigh’s Village District, a mixed-use destination with pedestrian-friendly streets, a series of parks and about 100 stores and restaurants.  The community features a unit mix ranging from studios to three-bedrooms above 9,000 square feet of street-level retail. Amenities include a fitness center, saltwater pool, a business center, a lounge, golf …

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pointe-at-midtown-Raleigh
Investment SalesNewsNorth CarolinaSoutheast

FCP Sells The Pointe at Midtown in Raleigh, North Carolina

by Lynn Peisner

RALEIGH, N.C. — Federal Capital Partners (FCP) has sold The Pointe at Midtown, a 365-unit community at 901 Navaho Drive in the North Hills area of Raleigh. According to the Triangle Business Journal, Kane Realty paid about $72.3 million for a 28-acre site that included The Pointe at Midtown as well as  the Grove Towers office buildings. Chevy Chase, Maryland-based FCP was represented by Hunter Barron, Teddy Hobbs, Ryan Gavigan, Ben Bury and Woody Flythe of JLL in the sale. The Pointe at Midtown offers two- and three-bedroom floor plans and …

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One-West-End-Charlotte
FinanceNewsNorth CarolinaSouth CarolinaSoutheast

Gordon Capital Secures Loans for Two Townhome Communities in the Carolinas

by Lynn Peisner

CHARLOTTE, N.C. and GREENVILLE, S.C. — Walker & Dunlop has arranged $47.8 million in bridge refinancings for two townhome rental communities in North Carolina and South Carolina. Michael Stepniewski, Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Michael Brown, Edward Leboyer and Nicholas Gilhooley arranged two floating-rate, interest-only loans provided by ACRES Capital on behalf of borrower Gordon Road Capital. The properties include One West End, an 86-unit community at 2701 Rozzelles Ferry Road in Charlotte and Maybrook Terraces, a 50-unit community located at 206 N. Leach St. in Greenville.

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Rev3-Asheville
Build-to-RentDevelopmentNewsNorth CarolinaSoutheast

Trilogy Investment Breaks Ground on Build-to-Rent Community in Asheville, North Carolina

by Lynn Peisner

ASHEVILLE, N.C. — Trilogy Investment Co. in partnership with Provest Partners has closed on a construction loan and begun construction of REV3 at Pinnacle Meadows, a 73-unit build-to-rent townhome community in Asheville. Trilogy is an Atlanta-based investment and development firm, and Provest Partners is a Korean investment firm. REV3 will feature two- and three-bedroom townhomes, each with a one-car garage. REV3 Homes, a division of Trilogy Investment Co., will serve as the builder for the project. Completion is slated for the second quarter of 2027.

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Render-Weddington-Ridge-Concord
DevelopmentInvestment SalesNewsNorth CarolinaSoutheast

Crescent Communities Closes on Land Sale for Suburban Charlotte Development

by Lynn Peisner

CONCORD, N.C. — Crescent Communities has closed on the land sale for its 21st multifamily development in suburbs of the company’s headquarters city of Charlotte. Concord is about 24 miles northeast of Charlotte’s central business district. RENDER Weddington Ridge will be jointly developed with CP Capital and will include 297 one- and two-bedroom units and such amenities as a pool, a 24-hour self-service package center, a fitness facility, club and game rooms, coworking space and a dog park. Along with CP Capital, Comerica Bank is also a financial partner in …

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Exchange-at-Indian-Trail-NC
FinanceFloridaLouisianaNewsNorth CarolinaSoutheast

Hathaway Secures $153.3 Million ReFi for Three Sun Belt Properties

by Lynn Peisner

ATLANTA — Walker & Dunlop has arranged $153.3 million in loans for Hathaway Development. The Atlanta-based owner/developer will use the proceeds to refinance three garden-style properties: Exchange at Juban in Denham Springs, Louisiana, Exchange at Blair Stone in Tallahassee, Florida, and Exchange at Indian Trail, in Indian Trail, North Carolina. Walker & Dunlop’s Stephen Farnsworth, Hanes Dunn and Robert Henry arranged the floating-rate loans through lender ACRES Capital. The three communities were developed by Hathaway and combined include 876 units. Exchange at Juban, a 264-unit property in Denham Springs was …

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CEI-Hillcrest-Antioch
Affordable HousingCaliforniaCompany NewsDevelopmentFinanceFloridaInvestment SalesNewsNorth CarolinaNortheastSouth CarolinaSoutheastWestern

CEI Launches Affordable Housing Investment Partnership

by Lynn Peisner

LOS ANGELES — Los Angeles-based developer Cypress Equity Investments (CEI) and an unnamed Florida-based investment firm have partnered to build or acquire approximately $1.2 billion worth of affordable housing communities. The venture is being launched with 11 ground-up projects that are already in place in California and Florida. Target markets for future opportunities include the Carolinas, Tennessee, Texas and some markets in the Northeast. Some of the deal characteristics CEI is seeking will include communities with on-site resident services, developments that partner with nonprofits and acquisitions of other existing institutional …

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Emerald-Lake-Elizabeth-City
Investment SalesNewsNorth CarolinaSoutheastVirginia

Newbrook Capital Partners Buys Two-Property Portfolio for $58.2 Million

by Lynn Peisner

CHESAPEAKE, VA., ELIZABETH CITY, N.C. — Newbrook Capital Properties has acquired a two-property portfolio for $58.2 million. The assets are Green Tree, a 208-unit garden-style property in Chesapeake, and Emerald Lake, a 132-unit garden-style property about 40 miles south in Elizabeth City. Both communities were developed in the 1990s. The buyer is planning to update approximately 70 percent of the portfolio’s units. Newbrook Capital Properties was co-founded in late 2023 by hedge fund manager Robert Boucai and James Broyer, former president of multifamily investments at JRK Property Holdings. The unnamed …

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Loft-One35-Charlotte
FinanceInvestment SalesNewsNorth CarolinaSoutheast

Mesa West Provides Loan for JV’s Charlotte Acquisition

by Lynn Peisner

CHARLOTTE, N.C. — Mesa West Capital has provided a joint venture between Hillridge Capital and Broad Creek Capital with a $69.8 million first mortgage loan for the acquisition and renovation of Loft One35 in Charlotte’s South End neighborhood. The total acquisition cost was $94 million, according to the Charlotte Business Journal. Loft One35 is a 298-unit, six-story community that offers a mix of loft-style apartments as well as townhomes. Amenities include a resort-style pool, a courtyard with a fire pit and grilling stations, a pet spa, a coffee bar and …

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