Southeast

Affordable HousingDevelopmentFinanceGeorgiaNewsSoutheast

Atlanta BeltLine, Invest Atlanta Approve $172 Million Budget for Affordable Housing Development, Trail Construction

by Channing Hamilton

ATLANTA — The board of directors of Atlanta BeltLine Inc. and Invest Atlanta have approved the Atlanta BeltLine budget for the 2025 fiscal year. The budget totals $172 million, a 12 percent increase over the 2024 budget. The funding will be directed toward a goal set in 2005 to develop 5,600 units of affordable housing in Atlanta by 2030.  The new funding will help The BeltLine to develop more affordable housing than originally set out by the 2005 BeltLine Redevelopment Plan, which is notable since development costs have risen significantly …

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AMLI Doral in Doral, Florida
Investment SalesNewsSoutheast

JLL Capital Markets Brokers Sale of 352-Unit AMLI Doral in Miami Suburb

by Channing Hamilton

DORAL, FLA. — JLL Capital Markets has arranged the sale of and acquisition financing for AMLI Doral, a 352-unit property in the Miami suburb of Doral. AMLI Doral was constructed in 2023 on a 16.4-acre site. The garden-style community comprises nine buildings, each rising four stories. Units come in one-, two- and three-bedroom floor plans. Amenities include a two-story fitness center, pool with lakeside grilling stations, business center, lounge with game tables, clubhouse with party room, tot lot and playground, EV charging stations and bike parking. Pantzer Properties purchased the …

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Natura by Murbeck in Gainesville, Florida
DevelopmentFinanceFloridaNewsSoutheast

Meridian Capital Group Arranges $67.5 Million Construction Loan for Natura by Murbeck in Gainesville, Florida

by Channing Hamilton

GAINESVILLE, FLA. — Meridian Capital Group has arranged a $67.5 million loan to facilitate the construction of Natura by Murbeck, a 315-unit community located at 6224 S.W. 20th St. in Gainesville. Greystone provided the two-year, non-recourse loan, which will transition to a permanent loan. Murbeck Investments is the borrower and developer. Natura by Murbeck will offer one-, two- and three-bedroom apartments. Planned amenities include a pool, pickleball courts, gym and garages. Monthly rents at the property will range from $1,780 to $2,800. A construction timeline was not disclosed.

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An unnamed project in Charlotte, North Carolina
DevelopmentFinanceNewsNorth CarolinaSoutheast

Concord Summit Capital Arranges $75 Million Construction Financing for Development in Charlotte, North Carolina

by Channing Hamilton

CHARLOTTE, N.C. — Concord Summit Capital has arranged $75 million in financing for the development of a community in Charlotte. Daniel Eidson of Concord Summit arranged the financing on behalf of the borrower, whose identity was not disclosed. The borrower plans to use the funds to refinance the existing land loan and complete construction. Once completed, the community will offer amenities such as a pool and sun deck, rooftop terrace, fitness center, private work and conferencing spaces, a top-floor lounge and kitchen with a bar, garage parking with EV chargers, …

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Sevila at Downtown Doral in Doral, Florida
DevelopmentFloridaNewsSoutheast

Codina Partners Secures Site Plan Approval for 412-Unit Sevila at Downtown Doral Near Miami

by Channing Hamilton

DORAL, FLA. — Codina Partners has received site plan approval for Sevilla at Downtown Doral, a 412-unit project in the Miami suburb of Doral. Sevilla will offer one-, two- and three-bedroom units ranging from 720 to 1,708 square feet. Planned amenities include a pool with a deck featuring outdoor loungers, BBQ stations, cabanas, Zen courtyard and a dog park. The community will be situated within Downtown Doral, a 250-acre mixed-use development. Codina Plans to construct Sevilla in two phases, with Phase I move-ins slated to begin in the second quarter …

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2001 East Apartments in Richmond, Virginia
Leasing & MarketingNewsSoutheastVirginia

TMF Awarded Management of Six-Property Portfolio in Metro Richmond, Virginia

by Channing Hamilton

RICHMOND AND PETERSBURG, VA. — Mercer Street Partners has selected Thalhimer Multifamily (TMF) to manage a portfolio of six properties in the Richmond metropolitan area. The portfolio totals over 680 units and will add 25 new associates to TMF’s portfolio. The properties are a mix of mid-rise and garden-style.  The portfolio includes:

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DevelopmentFinanceFloridaNewsSoutheast

WMG Development Appoints Todd Bleakley as Vice President of Multifamily

by Channing Hamilton

WINTER GARDEN, FLA. — WMG Development (WMG), an investment and development company based in Winter Garden, has appointed Todd Bleakley as its first Vice President of Multifamily. Bleakley has led market-rate institutional developments totaling approximately 10,000 units across the state of Florida. Prior to joining WMG, Bleakley managed boutique, regional and national development offices throughout the Southeast. He is a licensed Florida Real Estate Broker and has completed the Certified Commercial Investment Member program.

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Company NewsDevelopmentGeorgiaInvestment SalesLeasing & MarketingNewsSoutheastStudent Housing

Argus Eyed Partners, Sierra Property Management Rebrand as AREY Group

by Channing Hamilton

MACON, GA. — Argus Eyed Partners and Sierra Property Management have rebranded as AREY Group, a fully integrated real estate platform based in Macon, Georgia. The platform will be focused on development and acquisitions, and will also offer asset and property management services. AREY Group has completed over 2 million square feet of multifamily and commercial development on institutional campuses. The company has developed and manages over 2,000 units of conventional multifamily and student housing units across the Southeast. 

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Investment SalesLouisianaNewsSoutheast

Marcus & Millichap Brokers $11.6 Million Sale of 248-Unit Portfolio in Baton Rouge, Louisiana

by Channing Hamilton

BATON ROUGE, LA. — Marcus & Millichap has brokered the $11.6 million sale of a portfolio in Baton Rouge. Granite Pelican Bay LLC purchased the assets from an entity doing business as 2121 Lobdell LLC. John Hamilton, Chris Shaheen, Will Balthrope and Drew Garza of Marcus & Millichap represented the seller and procured the buyer. The portfolio comprises 248 units across three properties, including: Howell Place, which is located at 4150 72nd Ave.; Pelican Bay at 2121 Lobdell Blvd.; and Pirates Bend at 8165 Plank Road. The communities were built …

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Old Cutler Village in Miami-Dade County, Florida
Affordable HousingDevelopmentFloridaNewsSoutheast

Pinnacle Secures $49.9 Million Construction Financing for Affordable Housing Development in Miami-Dade County, Florida

by Channing Hamilton

MIAMI-DADE COUNTY, FLA. — Pinnacle has secured $49.9 million in construction financing for phase II of Old Cutler Village, a 120-unit affordable housing project located at 10455 Old Cutler Road in unincorporated southern Miami-Dade County. Once completed, the building will rise five stories and offer one-, two- and three-bedroom layouts. Units will be available to households earning 30, 60 and 70 percent of the area median income. Construction is expected to be completed in October 2025. 

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