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The Winslow
DevelopmentFloridaNewsSoutheast

Partnership Tops Off The Winslow Near Fort Myers, Florida

by Channing Hamilton

NORTH FORT MYERS, FLA. — A partnership between Mast Capital and BLG Capital Advisors has topped off The Winslow in North Fort Myers, about 3 miles across the Caloosahatchee River from Fort Myers, Florida. Located at 13370 Magnolia Oak Circle, The Winslow will offer 320 units housed in three- and four-story apartment buildings. Tenants will have access to indoor amenities such as a fitness center, lounge, entertainment kitchen, marketplace, dog spa and workspace area for residents that are working from home. Outdoor amenities will include a pool, sun deck with outdoor seating and …

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Eight Winds
FloridaInvestment SalesNewsSoutheast

Altis Cardinal Sells 280-Unit Community in St. Augustine, Florida

by Channing Hamilton

ST. AUGUSTINE, FLA. — Altis Cardinal has sold Eight Winds, a 280-unit community located at 50 Wexford Way in St. Augustine, roughly 40 miles south of Jacksonville, Florida. Debartolo Development LLC purchased the asset for an undisclosed price. Cliff Taylor and Joe Ayers of JLL Capital Markets represented Altis Cardinal in the transaction. Eight Winds consists of 297,428 square feet of rentable space. The community offers a mix of one-, two- and three-bedroom units. Residents have access to amenities such as a pool, fitness center, pickleball courts and multiple indoor …

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Affordable HousingDevelopmentMississippiNewsSoutheast

Gulf Coast Housing, Midtown Partners Open Affordable Housing Community in Jackson, Mississippi

by Channing Hamilton

JACKSON, MISS. — Gulf Coast Housing Partnership (GCHP) and local nonprofit organization Midtown Partners Inc. have opened Noel Place, a 27-unit affordable housing asset located at 144 Noel St. in Jackson. About 60 percent of Noel Place’s apartments will be reserved for special needs residents, including people with disabilities and senior citizens. Federal Home Loan Bank of Dallas and BankPlus awarded GCHP with a $499,000 grant to help fund the construction of Noel Place. Other project partners include Mississippi Home Corp. and Mississippi Regional Housing Authority No. VI.

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Highline at Knoxville
Build-to-RentInvestment SalesNewsSoutheastTennessee

PPR Capital Management Purchases BTR Community in Knoxville, Tennessee, for $87 Million

by Channing Hamilton

KNOXVILLE, TENN. — PPR Capital Management has purchased Highline at Knoxville, a build-to-rent (BTR) community in Knoxville, for $87 million. The acquisition includes both Phase I and Phase II of the project. Phase I consists of 110 single-family rental (SFR) units, which are currently in lease-up. Phase II, which is slated to be delivered in tranches between 2026 and 2027, will add 151 townhomes and detached SFR homes. BTR Group is the general contractor for the project. Greystar is the property manager. PPR Capital Management partnered with Center Creek Capital …

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Cypress Drive Apartments
FloridaInvestment SalesNewsSoutheast

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

by Channing Hamilton

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.

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HARMON Jefferson Village
Build-to-RentDevelopmentNewsNorth CarolinaSoutheast

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

by Channing Hamilton

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 …

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Walker Point in Brunswick, Georgia
Build-to-RentDevelopmentGeorgiaNewsSoutheast

ARK Homes For Rent Completes BTR Community in Brunswick, Georgia

by Channing Hamilton

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. …

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GeorgiaInvestment SalesNewsSoutheast

Sagard Real Estate Acquires Grande Oaks in Suburban Atlanta

by Channing Hamilton

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 …

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GuildHouse
DevelopmentFinanceGeorgiaNewsSoutheast

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

by Channing Hamilton

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 …

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Solace Apartments in Virginia Beach
Investment SalesNewsSoutheastVirginia

Bonaventure Purchases 250-Unit Community in Virginia Beach

by Channing Hamilton

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 …

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