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Kenyon at Cross Creek in Central, South Carolina
Affordable HousingDevelopmentNewsSouth CarolinaSoutheast

Gateway Opens $40 Million Affordable Housing Project in Central, South Carolina

by Channing Hamilton

CENTRAL, S.C. — Gateway Development Corp. has opened Kenyon at Cross Creek, a $40 million affordable housing development in Central. Gateway partnered with Synovus Bank (construction lender and federal tax credit equity investor), Monarch Private Capital (state credit investor) and Bellwether Enterprises (permanent lender), to complete the project. The Kenyon at Cross Creek was one of the first non-metro communities developed with the South Carolina state housing credit, according to Gateway. The project consists of 168 units across seven three-story residential buildings. Units come in one-, two- and three-bedroom layouts …

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Ellison Cool Springs in Franklin, Tennessee
DevelopmentNewsSoutheastTennessee

Flournoy Development Group to Develop 34-Acre Mixed-Use Project in Franklin, Tennessee

by Channing Hamilton

FRANKLIN, TENN. — Flournoy Development Group will develop Ellison Cool Springs, a 34-acre mixed-use community in Franklin, approximately 20 miles south of Nashville. McShane Construction is the general contractor on the development. Dynamik Design is the architect. The project team expects to deliver Ellison Cool Springs in August 2026. Ellison Cool Springs will offer 332 apartments and 15 commercial units across three four-story buildings. Apartments will come in one-, two- and three-bedroom layouts, with select two-story, live-work units. Planned amenities include a pool, clubroom, fitness center, recording studio, hospitality bar, …

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Speakers at the Investment Sales panel at InterFace Affordable Housing Southeast
Affordable HousingFeaturesGeorgiaInvestment SalesSoutheast

Volatility Disrupts Investment Sales Activity in Affordable Housing Market, Says InterFace Panel

by Channing Hamilton

ATLANTA — The investment sales market for the affordable housing sector remains muted for one overarching reason: volatility. Cory Sams, executive managing director of GREA (Global Real Estate Advisors), said that a lack of certainty, especially in the capital markets, is giving buyers and sellers of affordable housing properties pause. “The worst thing for a deal is [interest rates] constantly moving around,” she said. “When they were running up and down, every deal fell apart.” Doug Childers, senior managing director of JLL, estimated that affordable housing transaction volume fell 40 …

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GeorgiaInvestment SalesNewsSoutheast

Cushman & Wakefield Arrange Sale of 362-Unit The Flats at Westshore in Cumming, Georgia

by Channing Hamilton

CUMMING, GA. — Cushman & Wakefield have brokered the sale of The Flats at Westshore, a 362-unit community in the Atlanta suburb of Cumming. The Flats at Westshore was built in 2022 and is situated within the Westshore Town Center, a 20,000-square-foot retail center. Weinstein Properties acquired the asset from Atlantic Residential for an undisclosed price. Robert Stickel, Alex Brown, Ashlyn Warren, Michael Kay and Sim Patrick of Cushman & Wakefield represented the seller in the transaction.

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Gateway at Rossville in Rossville, Georgia
Affordable HousingDevelopmentGeorgiaNewsSoutheast

Gateway Opens 156-Unit Workforce Housing Community in Rossville, Georgia

by Channing Hamilton

ROSSVILLE, GA. — Gateway Development Corp., an affiliate of Gateway Management Co., have opened Gateway at Rossville, a 156-unit workforce housing community located in the Chattanooga, Tennessee suburb of Rossville. Arlington Construction served as the general contractor. Valdosta, Georgia-based Studio 8 Design was the architect. Situated on 18 acres, Gateway at Rossville is available to households earning at or below 60 percent of the area median income. Amenities include a clubhouse with gathering spaces, pool, fitness center, computer room, playground and covered pavilion with a picnic area. The construction of …

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Park Center in Dunwoody, Georgia
DevelopmentGeorgiaNewsSoutheast

KDC Secures Approval for Construction of Two New Towers at Mixed-Use Park Center in Atlanta Suburb

by Channing Hamilton

DUNWOODY, GA. — The Dunwoody City Council has approved the rezoning of Phase IV of Park Center, a 17-acre mixed-use development in the northern Atlanta suburb of Dunwoody. KDC, a Dallas-based developer and investment firm, is the master developer for the project. Locally based Cooper Carry will serve as the architect. The original plan for the project involved the construction of a single 2.2 million-square-foot office tower, which would act as the East Coast hub for State Farm Insurance. The amended zoning will allow KDC to change its plans to …

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The Pointe on Westshore in Tampa, Florida
FloridaInvestment SalesNewsSoutheast

American Landmark Apartments Purchases 444-Unit The Pointe on Westshore in Tampa, Florida

by Channing Hamilton

TAMPA, FLA. — American Landmark Apartments has acquired The Pointe on Westshore, a 444-unit community in the Westshore Marina District of Tampa. The seller and sales price were not disclosed. Situated at 4950 W. Prescott Street, The Pointe on Westshore was built in 2021. The property includes 13 five-story buildings and two-story townhomes. Units come in one-, two- and three-bedroom floor plans. Amenities include a pool, fitness center, pet spa, business center and barbecue and picnic area.

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Prose Columbus in Columbus, Georgia
DevelopmentGeorgiaNewsSoutheast

Alliance Residential Completes 340-Unit Prose Columbus in Columbus, Georgia

by Channing Hamilton

COLUMBUS, GA. — Alliance Residential Co. has delivered Prose Columbus, a 340-unit property in Columbus, approximately 80 miles southwest of Atlanta. Situated at 6700 River Road, Prose Columbus offers one- and two-bedroom apartments averaging 960 square feet. Amenities include a fitness center, mailroom, business center with co-working space, dog park, a pool with tanning shelves and in-pool loungers, two grilling stations and a resident clubroom with an entertainment kitchen. Architect Dynamik Design designed the property.

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The Meadows at Berkeley Ridge in Martinsburg, West Virginia
BerkadiaBuild-to-RentInvestment SalesNewsSoutheastWest Virginia

Berkadia Brokers Sale of 148-Unit Build-to-Rent Community in Martinsburg, West Virginia

by Channing Hamilton

MARTINSBURG, W.VA. — Berkadia has arranged the sale of The Meadows at Berkeley Ridge, a 148-unit build-to-rent (BTR) complex located at 368 Pineda Lane in Martinsburg. The buyer was a joint venture between DSP Real Estate Capital and Rockbridge Investment Group. The sales price and seller were not disclosed. Brett Moss, Tyler Swidler, Drew White, Carter Wood and Cole Carns of Berkadia brokered the deal. Additionally, Phil Branigan, Miles Drinkwalter and Natalie Revers of Berkadia originated a 10-year, fixed-rate Fannie Mae acquisition loan on behalf of the buyer. The Meadows …

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DevelopmentGeorgiaNewsSoutheast

SHR Resi Completes 212-Unit The Howell in Atlanta

by Channing Hamilton

ATLANTA — SHR Resi, a wholly owned subsidiary of Songy Highroads, has completed The Howell in Atlanta’s Upper Westside neighborhood. The Howell comprises 212 units in one-, two- and three-bedroom layouts. Amenities include a pool with a deck, co-working space, clubhouse, pet run and pet spa, fitness center, open-air lounge on the seventh floor and a gated and covered parking garage. The property also includes 3,500 square feet of ground-level retail space. Gables Residential will manage the community.

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