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An unnamed 30-story, 405-unit project in Atlanta.
DevelopmentFinanceGeorgiaNewsSoutheast

Lalani Ventures, Exact Capital to Develop $160 Million Mixed-Income Community in Atlanta

by Channing Hamilton

ATLANTA — Locally based Lalani Ventures has formed a joint venture with New York City-based Exact Capital to develop a $160 million high-rise project located in the Five Points neighborhood of Atlanta. The tower will comprise 405 apartment units across 30 stories. The unit mix will include 163 affordable housing units that will be restricted to households earning at or below 60 percent of the area median income, as well as 242 market-rate apartments.  The tower will be situated within Underground Atlanta, a shopping and entertainment district in downtown Atlanta …

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Oak Grove Flats in Memphis, Tennessee
FinanceNewsSoutheastTennessee

Colliers Mortgage Provides $9.5 Million Acquisition Loan for 165-Unit Oak Grove Flats in Memphis, Tennessee

by Channing Hamilton

MEMPHIS, TENN. — Colliers Mortgage has provided a $9.5 million Fannie Mae loan for the acquisition of Oak Grove Flats, a 163-unit garden-style asset located at 595 Cadraca Drive in Memphis. Randy Engel of Colliers Mortgage’s Memphis office originated the agency loan on behalf of the borrower, an undisclosed sponsor that is a repeat client of Colliers Mortgage. The community offers one-, two- and three-bedroom floor plans, as well as on-site laundry facilities and a grilling area, according to Apartments.com.

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FloridaLeasing & MarketingNewsPeople NewsSoutheast

Hillpointe Hires Jessica Ray as Vice President of Marketing

by Channing Hamilton

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.

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Peachtree Landing in Fairburn, Georgia
GeorgiaInvestment SalesNewsSoutheast

LRE Management Acquires Three-Property Portfolio in Suburban Atlanta for $102 Million

by Channing Hamilton

ATLANTA — LRE Management has purchased a portfolio of three properties totaling 778 units in the Atlanta metro area for $102 million. The assets included in the portfolio are Eastwood Village in Stockbridge, Monterey Village in Jonesboro and Peachtree Landing in Fairburn. Amenities at each community include a pool and fitness center. The seller was not disclosed. LRE, which assumed mortgage debt in the purchase, plans to renovate select unit interiors, as well as update the amenities and implement new property management.

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Nathan Wilcox, Principal Architect, The Beck Group
Architecture & DesignDevelopmentIndustry VoicesMidwestNortheastOperationsSoutheastTexasWestern

Four Trends to Watch in Multifamily Design

by Channing Hamilton

Four significant cultural shifts are driving the evolution of multifamily design. Today, developers and architects must create spaces that serve the remote work trend, meet the demand for wellness amenities, keep up with changing sustainability and technology standards and create communities that socially engage their residents. How Hybrid Work Schedules Have Changed Design The shift to remote and hybrid work has profoundly influenced design offerings and space planning at an unprecedented pace in multifamily developments. Before the shift to full-time or partial work from home, the average size of most …

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Iron District in Charlotte, North Carolina
DevelopmentNewsNorth CarolinaSoutheast

Trammell Crow Co. to Develop First Phase of 55.5-Acre Mixed-Use Project in Charlotte, North Carolina

by Channing Hamilton

CHARLOTTE, N.C. — Trammell Crow Co. has been selected to develop the first phase of Iron District, a 55.5-acre mixed-use project in the Uptown and South End neighborhoods of Charlotte. A subsidiary of Charlotte Pipe and Foundry Co. doing business as Iron District LLC selected Trammell Crow Co. as the developer of the project. Trammell Crow Co. will also assist in the master planning for the overall development. The project team also includes LandDesign, S9 Architecture and Of Place. Upon completion, the first phase of Iron District will feature 500 …

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Stella at Five Points in Huntsville, Alabama
AlabamaDevelopmentFeaturesLeasing & MarketingOperationsSoutheast

Huntsville is a City of Opportunity for Community Building

by Channing Hamilton

Huntsville is a land of opportunity for new projects. The “Rocket City” is the most aggressive market in the nation for apartment development, according to data from RealPage. The city claimed that title in 2022 and has maintained it ever since. Developers completed roughly 5,900 units in the first quarter of 2024, according to RealPage. This expanded supply by 15.9 percent. Another 9,895 units are currently under construction, with 6,900 of those apartments slated to deliver by the end of the first quarter of 2025. RealPage estimates the city will …

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Company NewsNewsNorth CarolinaPeople NewsSoutheast

RKW Residential Selects Kevin Owens as President of Property Management, Promotes Joya Pavesi to President of Brand & Strategic Services

by Channing Hamilton

CHARLOTTE, N.C. — RKW Residential (RKW), a property management firm based in Charlotte, has selected Kevin Owens for the role of president of property management. Most recently, Owens was the divisional president at RPM, where he oversaw all of the property management departments at his division, including marketing, operations, business development, property transitions, facilities and construction management. Additionally, RKW promoted Joya Pavesi to the newly created role of president of brand & strategic services. Pavesi previously served as RKW’s executive vice president of marketing & strategy. In her new role, …

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Halston Waterleigh in Winter Garden, Florida
FloridaInvestment SalesNewsSoutheast

Ashcroft Capital Acquires 354-Unit Halston Waterleigh in Suburban Orlando

by Channing Hamilton

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 …

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515 Parkwood Ave in Charlotte, North Carolina
DevelopmentFinanceNewsNorth CarolinaSoutheast

JLL Capital Markets Secures $94 Million Financing for Project in Charlotte, North Carolina

by Channing Hamilton

CHARLOTTE, N.C. — JLL Capital Markets has arranged $25 million in joint venture equity and $69 million in construction financing for 515 Parkwood Ave, a 287-unit project located in the Mill District region of Charlotte. The complex will comprise 235,480 square feet across eight stories. Units will come in studio, one-, two-, three- and four-bedroom layouts. Planned amenities include a rooftop deck, courtyard, electric bikes, fitness center, shared dining area and coworking spaces. The property will also feature 2,945 square feet of ground-floor retail space. JLL worked alongside the developer, …

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