Southeast

Attain at Bradford Creek in Huntsville, Alabama

HUNTSVILLE, ALA. — Doster Construction Co. has delivered Attain at Bradford Creek, a 350-unit development in Huntsville. Alexandria, Virginia-based Bonaventure is the developer and property manager for the $90 million project. Located at 556 Martin Road, Attain at Bradford Creek features 350 one-, two- and three-bedroom apartments ranging from 839 square feet to 1,375 square feet. Shared amenities include a resort-style pool, fitness center, clubhouse, Amazon package lockers, dog park and a pond.

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Valley Ridge in Rossville, Georgia

Late last summer, optimism ran steady across the multifamily investment sales market. Prior to the Federal Reserve’s initial rate cut in September 2024, interest rates had remained stable throughout the year. The outlook was positive. But that more ebullient market proved temporary.  The Fed’s interest rate cut had a positive effect on the secured overnight financing rate (SOFR), which fell from 5.3 percent on Sept. 18, 2024, to 4.3 percent in early February 2025. The U.S. 10-year Treasury yield rose during the same period. On Sept. 18, 2024, the 10-year …

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CHARLOTTESVILLE, VA. — Advantage Capital has closed the financing for the second phase of Kindlewood, a $68 million affordable housing redevelopment and expansion project in Charlottesville. The development team, which broke ground on phase II last month, includes Piedmont Housing Alliance and National Housing Trust.  Phase II of Kindlewood will consist of 100 apartments, half of which are replacement units for existing residents. The rest will be new affordable housing units. The development team expects to deliver the second phase in fall 2026. The last tranche of financing was $9.6 …

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Resident Retention at Risk webinar panelists

The Feb. 25 webinar “Resident Retention at Risk — How to Prevent Quiet Leaving,” sponsored by Opiniion, brought together industry experts to discuss the most pressing challenges in multifamily and student housing and their strategies to improve resident satisfaction and retention. This one-hour discussion explored key factors influencing move-outs, including communication gaps, maintenance concerns and lease renewal hesitations. Speakers shared insights on effective property management strategies, community-building initiatives and engagement tactics that drive resident loyalty. The session highlighted best practices for feedback collection, strategic development and the role of online …

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Queens WeHo in Nashville, Tennessee

NASHVILLE, TENN. — Origin Investments has purchased Queens WeHo, a 221-unit property located in downtown Nashville’s Wedgewood-Houston neighborhood. Proffitt Dixon, who developed the community in 2023, sold the asset for an undisclosed price.  The property offers a mix of studio, one-, two- and three-bedroom apartments ranging from 559 to 1,120 square feet. The ground level features a 6,461-square-foot restaurant space, which is occupied by Mercado by Butchertown. The asset was 94 percent occupied at the time of sale. Queens WeHo marks the second acquisition of the Chicago-based buyer’s Origin Exchange …

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CONCORD, N.C. — Denholtz and Lansing Melbourne Group (LMG) have opened Novi Lofts, an 89-unit mixed-use complex located at 26 Union St. in Concord, about 25 miles northeast of Charlotte, North Carolina. The community offers studio, one- and two-bedroom units. Novi Lofts also includes 5,134 square feet of retail space, including a rooftop restaurant and a pilates studio that is scheduled to open in March. Novi Lofts is the third and final piece of the Novi portfolio, which consists of three mixed-use communities in downtown Concord. The portfolio also includes Novi …

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MIAMI — A joint venture between BH Group and InterVest Capital Partners has received a $77.7 million loan for the acquisition of Wake Biscayne Bay, a 338-unit community in Miami’s North Bay Village. Locally based BridgeInvest provided the loan. The property consists of two 10-story buildings at 7525 E. Treasure Drive and 1900 S. Treasure Drive. Apartments come in studio, one-, two- and three-bedroom floor plans, according to the property website.

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The Hadley in Atlanta

ATLANTA — AEW Capital Management has provided a $75 million loan for The Hadley, a 300-unit complex located at 770 Juniper St. NE in Midtown Atlanta. The undisclosed borrower will use the financing to refinance the original construction loan for the project. A joint venture between StreetLights Residential and PGIM Real Estate developed the community in 2023. The Hadley offers studios, one-, two- and three bedroom units ranging from 534 square feet to 1,716 square feet. Shared amenities include a fitness center, private resident bar, coffee lounge and coworking space, …

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Sanderling in Johns Island, South Carolina

JOHNS ISLAND, S.C. — General contractor Center Park Group has delivered the first townhomes at Sanderling, a 56-unit build-to-rent asset located at 3021 Maybank Highway in Johns Island, 13 miles south of Charleston, South Carolina. Atlanta-based RangeWater Real Estate is providing property management services on behalf of the owners, Equus Development Partners and Circle Squared Alternative Investments. Townhomes at Sanderling span up to 1,443 square feet and come in two- and three-bedroom configurations. Units feature one-car garages and front porches. Shared amenities include a dog park, as well as three …

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WILMINGTON, N.C. — Indianapolis-based Millstone has secured construction financing for Venture at Port City, a 225-unit project located three miles south of downtown Wilmington. Slated for completion in spring 2027, the property will consist of three four-story buildings. Apartments will come in one-, two- and three-bedroom floor plans. Amenities will include a pool, gas grilling stations, clubhouse and outdoor cabana with a poolside lawn area. Greysteel worked on behalf of the sponsor to secure the three-year, floating rate loan through a regional bank. Greysteel also arranged an undisclosed amount of …

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