Southeast

Aviara Lake Worth
BerkadiaFloridaInvestment SalesNewsSoutheast

Berkadia Arranges BTR Sale in Palm Beach County

by Lynn Peisner

LAKE WORTH, FLA. — Berkadia has arranged the sale of Aviara Lake Worth, a build-to-rent community in Palm Beach County. The seller was MAG Real Estate & Development of Delray Beach, Florida, and the buyer was Miami-based Corinthian Capital, a Florida-focused commercial real estate investment firm. The sales price was not disclosed. Aviara Lake Worth is a 36-unit townhome community that was built in 2019 on a 3.5-acre site at 3902 Melaleuca Lane in Lake Worth. It consists of three two-story townhome buildings containing 30 three-bedroom units and six four-bedroom …

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Highline-North
BerkadiaInvestment SalesNewsNorth CarolinaSoutheast

Berkadia Arranges $43.8 Million Sale of Highline North in Asheville

by Lynn Peisner

ASHEVILLE, N.C. — Berkadia has arranged the sale of and financing for Highline North, a 168-unit, garden-style property in Asheville. South Carolina-based Graycliff Capital acquired the asset from North Carolina-based Carlisle Residential Properties for approximately $43.8 million. Berkadia Senior Managing Director Caleb Troop, Director Thomas Colaiezzi and Associate Director Matt Robertson of Berkadia Charlotte led the sale on behalf of the seller. Directors Jeremy Lynch and Jake Adoni of Berkadia’s Philadelphia office secured acquisition financing through Freddie Mac on behalf of Graycliff. The deal closed on May 15. Located at …

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Link-at-Douglas-Phase-2
Affordable HousingDevelopmentFloridaNewsSoutheast

Developers Secure $125 Million Loan, Break Ground on Cadence in Miami

by Lynn Peisner

MIAMI — Locally based developer 13th Floor Investments, in partnership with Barings, a subsidiary of MassMutual, has secured a $125 million construction loan from a syndicate of Santander Bank and TD Bank to finance the development of Cadence in Miami. Now under construction, the 35-story tower will include 432 market-rate apartments. About 54 units will be set aside as workforce housing, but specific income restrictions were not disclosed. Developers estimate the project will be complete by February 2028. Cadence is the third residential building to be constructed within the mixed-use, …

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Ekos-on-Evans_New-Playground
Affordable HousingDevelopmentFloridaNewsSoutheast

McDowell Housing Partners to Develop LIHTC Project in Fort Myers

by Lynn Peisner

FORT MYERS, FLA. — McDowell Housing Partners (MHP) has secured financing and acquired land for Ekos on Evans, an affordable housing development in Fort Myers. Under the directives of Florida’s 4 percent low-income housing tax credit program, residences will be reserved for tenants earning 30, 60 or 70 percent of area median income. The 144-unit property consists of five garden-style buildings with one-, two- and three-bedroom floor plans. Amenities will feature a clubhouse, computer room, fitness center, terrace, grills, pool, a playground and a dog park. Construction of Ekos at …

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Bradbury
DevelopmentFloridaNewsSoutheast

Mesa Capital Partners Breaks Ground in Northeast Tallahassee

by Lynn Peisner

BRADFORDVILLE, FLA. — Mesa Capital Partners has broken ground on The Bradbury at Bannerman Village 10 miles north of Tallahassee. Mesa Capital Partners’ project is situated on a 14-acre site at Bannerman and Bull Headley roads and will be part of the Bannerman Village master-planned community. This area has slowly been developing in recent years, aiming to be a walkable, bikeable community. The Shops at Bannerman Village, a Publix-anchored center, opened in 2023. The project is also near the Landon Hill for-sale home community. Leasing is scheduled to begin in …

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Elevate-Navarre
FinanceFloridaNewsSoutheast

Branch Properties Secures $47 Million Refinancing

by Lynn Peisner

NAVARRE, FLA. — CBRE has arranged a $47 million loan, provided by Voya Investment Management, for Branch Properties to refinance construction debt on Elevate Navarre, a new 332-unit community in Navarre, which is a Florida Panhandle city about 22 miles east of Pensacola. Atlanta-based Branch Properties opened the property in 2023. Blake Cohen with CBRE Capital Markets’ Debt & Structured Finance in Atlanta arranged the three-year, fixed-rate, interest-only loan. Elevate Navarre consists of 11 three-story buildings and a clubhouse/leasing center situated on 20 acres. It features one-, two- and three-bedroom …

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Affordable-Housing-Southeast_Developer
Affordable HousingConference CoverageFeaturesSoutheast

Affordable Housing Developers Aim to Control What They Can Control, Say InterFace Panelists

by Lynn Peisner

ATLANTA — Interest rates. Tariffs. Natural disasters. These three factors alone frighten any developer, let alone those who are tasked with delivering our nation’s affordable housing supply. Just to get to the ribbon-cutting ceremony, developers have an uphill climb. They have to obtain the land outright or in a ground lease agreement, navigate the permitting and entitlement processes, overcome any neighborhood pushback, raise equity and borrow the necessary capital and then build these communities on time and on budget. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces …

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Coasterra-Apartments-Fort-Lauderdale-FL
DevelopmentFloridaNewsSoutheast

Fairfield Delivers Two Fort Lauderdale Developments

by Lynn Peisner

FORT LAUDERDALE, FLA. — Fairfield, a multifamily developer and owner based in San Diego, has completed construction of Coasterra Apartments in downtown Fort Lauderdale. The mid-rise community has 242 studio, one-, and two-bedroom apartments. Located at 150 SE 3rd Ave. in the Las Olas district, the community is adjacent to the One Financial Plaza office building. Fairfield also recently completed construction of Treo Apartments at 6500 N. Andrews Ave. in Fort Lauderdale. Treo has 295 units also offered as studios, one- or two-bedroom units.  

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Birchstone-Waterleigh
FloridaInvestment SalesNewsSoutheast

Pearlmark and Ashcroft Acquire Orlando-Area Property

by Lynn Peisner

WINTER GARDEN, FLA. — Pearlmark and Ashcroft Capital have closed on a joint-venture acquisition of Birchstone Waterleigh, a 300-unit property in the Horizon West master-planned community near Winter Garden. The asset was built in 2023. It will be managed by Birchstone Residential, Ashcroft’s in-house property management and construction management company. The sales price was undisclosed. The seller was DHI Residential. Birchstone Waterleigh, formerly known as Ascend Waterleigh Club, offers one-, two- and three-bedroom units. Amenities include a resort-style, saltwater pool with a poolside pavilion that has a wet bar and …

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Camino at BuHi
DevelopmentGeorgiaNewsSoutheast

RangeWater Opens Buford Highway Project

by Lynn Peisner

DORAVILLE, GA. — RangeWater Real Estate has opened Camino at BuHi in Doraville, a suburb of Atlanta. The property was developed in partnership with North America Sekisui House, a subsidiary of Sekusi House, one of Japan’s largest homebuilders. Camino at BuHi offers 303 apartment units and townhomes. It is RangeWater’s 26th development in the Atlanta area and the fourth project for its recently launched in-house construction company. Floor plans at Camino at BuHi are offered as studios as well as one-, two- or three-bedroom units. Amenities include a dog park …

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