Southeast

Casa Familia, Pinnacle Break Ground on $27 Million Inclusive Community in Miami

by Lynn Peisner November 13, 2025

MIAMI — Casa Familia and Pinnacle have broken ground on Gardens at Casa Familia, a 50-unit affordable housing property designed to serve individuals with intellectual and developmental disabilities. The $27 million project is being funded through multiple sources including Low-Income Housing Tax Credit equity. Nonprofit Casa Familia, which specializes in affordable housing for people with disabilities, partnered with Miami-based developer Pinnacle to build the community. Construction began in September, and completion is slated for the first quarter of 2027. The four-story building will feature 50 one-bedroom apartments, each equipped with …

November 13, 2025

California Colorado Finance Georgia News Southeast Tennessee Western

Walker & Dunlop Arranges IMT’s $625 Million Portfolio Refinancing

by Lynn Peisner November 13, 2025

SHERMAN OAKS, CALIF. — Walker & Dunlop has arranged $625 million in fixed-rate Freddie Mac loans on behalf of Sherman Oaks-based IMT Capital. The company is refinancing eight garden-style properties in six metros — San Diego, Los Angeles, Denver, Atlanta, San Francisco and Nashville, Tennessee. The portfolio is comprised of 3,096 units. Walker & Dunlop’s team was led by Cory Wizenberg, Matt Wallach, Stephen West, Walker Layne, AJ Wright and Sebastian Tamayo.

November 13, 2025

Development Finance News North Carolina Southeast

JLL Arranges $69.4 Million in Construction Financing for Ares’ Charlotte Project

by Lynn Peisner November 12, 2025

CHARLOTTE, N.C. — JLL has arranged a $69.4 million construction loan for Ares Management Corp. (NYSE: ARES), which is developing 1817 Central in the Plaza Midwood neighborhood of Charlotte. United Bank was the lender. The 341-unit community will feature studios and one-, two- and three-bedroom floor plans and amenities that include a fitness center, a rooftop lounge, multiple courtyards, a pet spa and a library. Groundbreaking is scheduled before the end of the year with construction completion estimated for 2028. According to JLL, the Plaza Midwood area has seen a …

November 12, 2025

Affordable Housing Development Finance Florida News Southeast

Abacus Breaks Ground on Arbor House in Palm Beach County

by Lynn Peisner November 12, 2025

PALM BEACH GARDENS, FLA. — JLL has arranged a $77.5 million construction loan for New York City-based Abacus Capital Group to develop Arbor House in Palm Beach Gardens. A publicly traded real estate investment company was the lender for the four-year, floating-rate loan. JLL’s team was led by Mona Carlton, Joshua Odessky and Michael Romero. The 13-story, 302-unit Arbor House will feature an attached garage with 480 parking spaces and a 7,000-square-foot amenity deck on the eighth floor that will be the site of a wellness and fitness center, cold …

November 12, 2025

Company News Florida News People News Southeast

TruAmerica Exec Launches Miami-Based Investment Firm

by Lynn Peisner November 11, 2025

MIAMI — TruAmerica’s former co-chief investment officer Matt Ferrari has departed the Los Angeles-based investment and development company to launch PXV Multifamily based out of Miami. The private investment and operations firm will target middle-market, value-add and larger, investment-grade properties suitable for institutional capital. PXV plans to deploy approximately $2 billion in acquisitions over the next 36 months and is capitalized with funds from BroadVail Capital Partners, a Houston-based real estate private equity firm that partners with management teams to build institutional real estate investment platforms. This partnership marks BroadVail’s …

November 11, 2025

Florida Investment Sales News Southeast

Pinnacle Sells Elyps in Fort Lauderdale for $46.5 Million

by Lynn Peisner November 11, 2025

FORT LAUDERDALE, FLA. — Pinnacle, a Miami-based developer, has sold Elyps in Fort Lauderdale for $46.5 million. The buyer was an affiliate of Oakland Park, Florida-based Rental Asset Management (RAM). CBRE represented Pinnacle in the transaction. Completed in 2023, the waterfront Elyps is situated aside Osceola Creek. Amenities at the 140-unit community include a resort-style pool with grilling areas, a lounge with a wet bar and coffee station, a fitness center and bike storage and repair facilities. Pinnacle’s strategy for Elyps reflects the company’s focus on building, stabilizing and eventually …

November 11, 2025

Development Finance Florida News Southeast

Namdar Group Secures $460 Million in Funding for First and Second Phases of Two-Tower Miami Project

by Lynn Peisner November 10, 2025

MIAMI — SCALE Lending has provided a $460 million funding package for Namdar Group’s new Miami development consisting of two 43-story towers in the central business district. The financing contains two parts: a $230 million bridge loan for the completion of 55 NE 2nd Street (Phase 1), which contains 680 units across 358,000 square feet; and a $230 million construction loan for an adjacent ground-up development at 50 NE 3rd Street (Phase II), containing 714 residential units across 395,000 square feet. SCALE Lending is the debt financing division of Slate …

November 10, 2025

Investment Sales News Southeast Virginia

HGI Buys Virginia Beach Property for $86 Million

by Lynn Peisner November 7, 2025

VIRGINIA BEACH, VA. — Affiliates of Harbor Group International (HGI) have acquired Reflections at Virginia Beach for $86 million. The 480-unit garden-style property was built in 1986 and spans 19 two- and three-story buildings across 30 acres. Units are offered as one- and two-bedroom floor plans. The seller was not disclosed. A $7 million renovation was recently completed at Reflections at Virginia Beach, updating amenities including a clubhouse, an outdoor pool, a 24-hour fitness center, a business center with meeting rooms and outdoor grilling stations. HGI is headquartered in Norfolk, …

November 7, 2025

Berkadia Florida Investment Sales News Southeast

Berkadia Arranges $93 Million Sale in St. Petersburg, Florida

by Lynn Peisner November 6, 2025

ST. PETERSBURG, FLA. — Berkadia has arranged the sale of Provenza at St. Pete, which Houston-based Hilltop Residential has acquired and rebranded Palmera Gateway. Momentum Real Estate Partners of Miami was the seller. The asset traded for approximately $93 million. The 308-unit property, 95 percent occupied at the time of sale, was built in 2014 in the Carillon Park mixed-use master-planned development. The garden-style community offers a mix of one-, two- and three-bedroom units ranging from 655 to 1,376 square feet with attached and detached garages available. Amenities include a …

November 6, 2025

Berkadia Florida Investment Sales News Southeast

Berkadia Brokers Sale of Two Pensacola Properties

by Lynn Peisner November 5, 2025

PENSACOLA, FLA. — Berkadia has arranged the sale of Atwood Oaks and Davis Gardens, two vintage communities totaling 211 units approximately 2 miles apart in Pensacola. Atlanta-based Tioga Capital acquired the 136-unit Atwood Oaks, while an undisclosed LLC out of Cantonment, Florida, purchased the 75-unit Davis Gardens. Berkadia’s David Etchison and Andrea Kendrick led the transaction. Built in 1972, Atwood Oaks at 1857 Atwood Drive comprises one- and two-bedroom units and such amenities as a pool, a dog park, a courtyard and on-site maintenance. Completed in 1985, Davis Gardens at …

November 5, 2025

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