Southeast

Marcus & Millichap Brokers Sale of Six-Unit Property in Fort Lauderdale, Florida

by Channing Hamilton March 25, 2025

FORT LAUDERDALE, FLA. — Marcus & Millichap has arranged the $1.3 million sale of Cypress Drive Apartments, a two-story apartment building located at 5195 NE 18th Ave. in Fort Lauderdale’s Coral Ridge Isles neighborhood. The property offers six units in a mix of one- and two-bedroom configurations. Amenities include a pool and an on-site laundry facility. Austin Michels, Brandon Rex and Evan Kristol of Marcus & Millichap’s Fort Lauderdale office represented the undisclosed buyer in the deal. The seller was also not disclosed.

March 25, 2025

Build-to-Rent Development News North Carolina Southeast

Crescent Communities Breaks Ground on BTR Project in Greensboro, North Carolina

by Channing Hamilton March 24, 2025

GREENSBORO, N.C. — Crescent Communities has broken ground on HARMON Jefferson Village, a 130-unit build-to-rent townhome community situated on 16 acres in Greensboro. The community will offer three- and four-bedroom townhomes ranging from 1,650 to 2,165 square feet. HARMON Jefferson Village is set to open in summer 2025. Residents will have access to amenities such as a pool with a pavilion and grilling station, event lawn for gatherings and trailhead access for outdoor recreation. An account managed by Heitman LLC is the equity partner on the project. The development team …

March 24, 2025

Build-to-Rent Development Georgia News Southeast

ARK Homes For Rent Completes BTR Community in Brunswick, Georgia

by Channing Hamilton March 21, 2025

BRUNSWICK, GA. — ARK Homes For Rent has completed Walker Point, an affordable build-to-rent community situated on 25 acres in Brunswick, a city located on the southeast coast of Georgia. Walker Point features 237 townhomes in two-, three- and four- bedroom layouts. Leasing has begun at the community, and immediate occupancy is available. Each unit offers granite countertops, energy-efficient stainless-steel appliances and laundry room with washer and dryer included. Shared amenities include a clubhouse with a fitness center, yoga room, pool, outdoor lounge with barbeque and dining area and a dog park. …

March 21, 2025

Georgia Investment Sales News Southeast

Sagard Real Estate Acquires Grande Oaks in Suburban Atlanta

by Channing Hamilton March 20, 2025

ROSWELL, GA. — Sagard Real Estate, a Denver-based investment firm, has acquired Grande Oaks, a 270-unit property in Roswell, 22 miles north of downtown Atlanta. Grande Oaks was constructed in 1996 on a 19-acre site. The garden-style community spans roughly 311,000 rentable square feet across 11 residential buildings. Community amenities include a clubhouse, fitness center, pool, outdoor fireplace, grill and picnic area, children’s playground and car wash. Residents also have access to pet-friendly amenities such as a dog park and pet wash station. Sagard Real Estate will execute a value-add renovation …

March 20, 2025

Development Finance Georgia News Southeast

Vida Raising $47 Million Fund for Multifamily and BTR Projects in Metro Atlanta

by Channing Hamilton March 19, 2025

ATLANTA — Vida is raising an equity fund to build two multifamily properties and one build-to-rent community in suburban Atlanta. The Atlanta-based developer has completed its seed funding round on the $47 million fund, which is entitled Vida Opportunities Fund I LLC. Vida is developing GuildHouse at 2085 Marietta Blvd. in the Upper Westside neighborhood of Atlanta. The unit mix at GuildHouse will include 354 apartment units, as well as 39 build-to-rent townhomes. Apartments will range from 550 to 1350 square feet. Townhomes will rise three stories and come in three-bedroom …

March 19, 2025

Investment Sales News Southeast Virginia

Bonaventure Purchases 250-Unit Community in Virginia Beach

by Channing Hamilton March 18, 2025

VIRGINIA BEACH, VA. — Bonaventure has acquired Solace Apartments, a 250-unit property located at 400 S. Military Highway in Virginia Beach, 18 miles east of Norfolk, Virginia. Built in 2014, Solace offers one- and two-bedroom apartments. Amenities include a pool, fitness center, grilling stations and a community clubhouse. The acquisition was made as an UPREIT transaction, an investment strategy where property owners contribute real estate to a REIT’s operating partnership in exchange for ownership interest in that partnership. Robert Prodan served as a contributor with Bonaventure’s REIT, Bonaventure Multifamily Income …

March 18, 2025

Development Leasing & Marketing News North Carolina Southeast

Joint Venture Opens 336-Unit Community in Morrisville, North Carolina

by Channing Hamilton March 17, 2025

MORRISVILLE, N.C. — A joint venture between Crescent Communities and GID has opened Novel Morrisville, a 336-unit community located at 218 Southport Drive in Morrisville, roughly 15 miles west of Raleigh, North Carolina. The property offers a mix of studio, one-, two- and three-bedroom floor plans, as well as 10 carriage-style townhomes. Units range from 532 square feet to 2,128 square feet. Amenities include a saltwater pool with cabanas, two-story fitness center, community library, clubroom, full-scale indoor rock-climbing wall, walking and biking trails and an on-site Land of a Thousand …

March 17, 2025

Development News North Carolina Southeast

Alliance Residential Completes Broadstone Project in Charlotte

by Lynn Peisner March 14, 2025

CHARLOTTE, N.C. — Alliance Residential Co. has opened Matheson Mill by Broadstone, a 302-unit community in Charlotte’s North Davidson, or NoDa, neighborhood. Matheson Mill by Broadstone consists of one- and two-bedroom units. The Charlotte-based development team included architect Cline Design, civil engineer McAdams Co. and interior designer LS3P. Matheson Mill features a 24-hour fitness center, resort-style saltwater pool and an outdoor dining area with grilling station, pergola and fire pit. The community’s resident clubroom features vintage style arcade games, a gas fireplace and entertainment kitchen. Other amenities include coworking areas, …

March 14, 2025

Georgia Investment Sales News Southeast

Atlantic Pacific Cos. Acquires Canterbury Ridge in Canton, Georgia

by Channing Hamilton March 13, 2025

CANTON, GA. — Blue Atlantic Partners, an affiliate of Miami, Florida-based Atlantic Pacific Cos., has acquired Canterbury Ridge in Canton, roughly 40 miles north of Atlanta. The new ownership will rename the asset to The Atlantic Canton Ridge. The garden-style community is located at 101 Canterbury Ridge and consists of 212 units. Apartments come in one-, two- and three-bedroom floor plans and range from 654 to 1,338 square feet. Amenities include a pool, fitness center, clubhouse and playground. Atlantic Pacific Cos. will take over property management services. The company also plans …

March 13, 2025

Old Town Square in Pompano Beach, Florida

Finance Florida News Southeast

Adache Secures $59 Million Loan for Refinancing of Property in Pompano Beach, Florida

by Channing Hamilton March 12, 2025

POMPANO BEACH, FLA. — Adache Real Estate has received a $59 million loan for the refinancing of Old Town Square, a 281-unit property located at 200 N.E. 1st Ave. in Pompano Beach. Built in 2024, the mid-rise community offers studio, one- and two-bedroom units. Amenities include a pool with a hot tub, kitchen with barbecue grills, gaming deck, fitness center, sauna, coworking lab, community bicycles, on-site mini market and a dog run. David Gahagan, Chris Hammel and Chandler Kaye of Northmarq’s West Palm Beach office arranged the loan through an undisclosed …

March 12, 2025

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