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WynwoodHaus
BerkadiaFinanceFloridaNewsSoutheast

Berkadia Arranges $56 Million Fannie Mae ReFi for Miami High-Rise

by Lynn Peisner

MIAMI — Berkadia has arranged a $56 million Fannie Mae loan on behalf of a joint venture partnership that is refinancing Wynwood Haus, a 224-unit, 20-story community developed in 2024 in Miami’s Wynwood neighborhood. The joint venture owners are LD&D, IGEQ, Black Salmon and Bridge Investment Group. The deal closed on July 21, at which time the property was 94 percent occupied. Wynwood Haus offers studios, one- and two bedroom-units and 6,824 square feet of ground-floor retail. One hundred of the apartments are designated as workforce housing for households earning …

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Willows-at-Grande-Dunes
Investment SalesNewsSouth CarolinaSoutheast

Hamilton Point Buys Myrtle Beach Asset

by Lynn Peisner

MYRTLE BEACH, N.C. — Hamilton Point Investments has acquired Willows at Grande Dunes in Myrtle Beach. Cushman & Wakefield’s Alex McDermott, Austin Green, Charlie Gravina, Paul Marley and Rhodes Marley arranged the sale, representing the undisclosed seller in the deal. The asset was developed in 2023. Hamilton Point is a private equity investment firm based in Old Lyme, Connecticut, with a portfolio comprised mainly of Sun Belt properties. The company also recently bought Bridgewater Grand, a 300-unit property in Lakeland, Florida, from TrimCor.

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Flats-at-87Ten
Investment SalesNewsNorth CarolinaSoutheast

Vertex Buys Adaptive Reuse Asset in Charlotte

by Lynn Peisner

CHARLOTTE, N.C. — Vertex Investments has acquired Flats at 87Ten, a 96-unit property in Charlotte’s University City neighborhood, from Lucern Capital Partners for $9.7 million. Northmarq’s Ron Corrao, Eric Liebich, Matt Weinstein and Dane Lozier arranged the sale, representing the seller in the deal. The asset was originally developed in 2000 as a TownePlace Suites extended stay hotel and was redeveloped, by Lucern, as multifamily in 2023.

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7700-7720-Abbott-Avenue
FloridaInvestment SalesNewsSoutheast

Marcus & Millichap Arranges $9 Million Sale of Midcentury Miami Beach Property

by Lynn Peisner

MIAMI BEACH, FLA. — Bristol Realty Partners LLC has sold 7700-7720 Abbott Avenue, a three-property, 36-unit, corner-lot portfolio in Miami Beach for $9 million. Joseph P. Thomas, senior managing director investments, and Alec Demetriou and Adam Marcuvitz, investment specialists in Marcus & Millichap’s Fort Lauderdale office, marketed the property on behalf of the seller and procured the unidentified buyer. Built between 1940 and 1957, the three properties include 12 studios and 24 one-bedroom units on approximately 17,000 square feet of land.

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Alessia-Gardens
GeorgiaInvestment SalesNewsSoutheast

RSN, Monday Acquire Asset Near Lake Lanier, Georgia

by Lynn Peisner

OAKWOOD, GA. — Joint venture partners RSN Property Group and Monday Properties have acquired Audubon Crest, a 126-unit, garden-style community in Oakwood, 50 miles northeast of Atlanta. The new owners have rebranded the asset Alessia Gardens and are planning unit upgrades. The deal marks the partnership’s fourth acquisition in the past eight months. Amenities at the property include a pool, a dog park, green space and a car-washing station.

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Bridgewater-Grand
BerkadiaFloridaInvestment SalesNewsSoutheast

Berkadia Arranges Sale of Bridgewater Grand in Lakeland

by Lynn Peisner

LAKELAND, FLA. — TrimCor has sold Bridgewater Grand, a 300-unit property in Lakeland, to Hamilton Point Investments for an undisclosed amount. Managing Director David Etchison, Senior Managing Directors Cole Whitaker and Jason Stanton and Director Mary Beale of Berkadia Central & North Florida led the transaction on behalf of the seller. The property was 95 percent occupied on July 10, the date of the sale. Lakeland is located midway between Tampa and Orlando. Bridgewater Grand was developed in 2020 and is a three-story, garden-style community on 31 acres overlooking a …

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ProspectLakeWire
Company NewsGeorgiaNewsPeople NewsSoutheastTexas

Hunt Cos. Acquires Controlling Interest in Carter

by Lynn Peisner

EL PASO, TEXAS, AND ATLANTA — Hunt Cos. Inc., an El Paso-based holding company with a focus on real estate, infrastructure and financial services, has acquired a majority stake in Carter, an Atlanta-based real estate investment and development firm. The companies have partnered on past development projects, including Prospect Lake Wire, a mixed-use development completed in 2024 in Lakeland, Florida, and The DeSOTA, an apartment community in Sarasota, Florida, completed in 2018. With this change, Bob Peterson, long-time chief executive officer and chairman of Carter, has announced his retirement. Following …

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Perse-Apartments
FloridaInvestment SalesNewsSoutheast

Atlas Real Estate Partners Buys Perse Apartments in Orlando

by Lynn Peisner

ORLANDO, FLA. — Atlas Real Estate Partners has acquired Perse Apartments, a 384-unit community located in Orlando, about three miles from Disney World. The seller, TRION Properties, was represented by JLL’s Capital Markets Investment Sales and Advisory team led by Directors Ted Taylor and Kyle Butler. Financing was arranged by Scott Wadler, Mitch Sinberg, Matt Robbin and Brad Williamson of Berkadia. Built in 2008, Perse Apartments consists of one-, two- and three-bedroom units averaging approximately 1,100 square feet. Atlas is planning a value-add strategy during its hold period with capital …

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Magnolia-at-Powell
Build-to-RentDevelopmentFinanceFloridaNewsSoutheast

Agador Spartacus Receives $26 Million Loan for Magnolia at Powell

by Lynn Peisner

WILDWOOD, FLA. — Agador Spartacus has secured a $26 million take-out bridge loan on existing construction debt used to build Magnolia at Powell in Wildwood. The Aventura, Florida-based developer completed the build-to-rent project in January. JLL Capital Markets arranged the financing with a team led by Managing Director Max La Cava, Senior Managing Director Melissa Quinn, Vice President Rob Rothaug and Analyst Jade Starkey. The funding provider of the loan was not disclosed. Magnolia at Powell is located adjacent to The Villages active adult community and features one-, two- and …

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Old-Ivy-Charlottesville
Build-to-RentDevelopmentNewsSoutheastVirginia

Greystar Underway on BTR Project Near UVA

by Lynn Peisner

CHARLOTTESVILLE, VA. — Greystar has broken ground on Old Ivy, a 525-unit community in Charlottesville. The development site is just off the University of Virginia campus, east of Highway 29, between Old Ivy and Leonard Sandridge roads. The project includes a variety of homes, including apartments, standalone dwellings, duplexes and townhomes. More specifically, Old Ivy will be comprised of 336 apartments, with one-, two- and three-bedroom floorplans, and 189 build-to-rent residences, consisting of three-bedroom townhomes as well as three-bedroom standalone homes clustered around green spaces or mini parks, some with …

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