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DevelopmentFinanceFloridaNewsSoutheast

Marcus & Millichap Arranges $91.4 Million in Construction Financing for Two Southwest Florida Projects

by Lynn Peisner

NAPLES, FLA. — Marcus & Millichap has arranged $91.4 million in construction financing for Plymouth, Minnesota-based Roers Cos. to build two projects in Naples. The properties are the 150-unit Vintana at Vanderbilt, located at 3375 Vanderbilt Beach Road, which is adjacent to The Ritz-Carlton, Naples golf course, and the 159-unit active adult community The Karlyn, which is located at 7576 Immokalee Road about four miles from Vintana at Vanderbilt. Both projects are slated for completion in 2027 and will feature high-end finishes and resort-style amenities. Marcus & Millichap’s New York City-based …

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Affordable HousingDevelopmentFloridaNewsSoutheast

Alexander Goshen, Avanti Residential to Break Ground on Tampa-Area Workforce Development

by Lynn Peisner

NEW PORT RICHEY, FLA. — Alexander Goshen and Avanti Residential will break ground in the first quarter of 2026 on Walden Pond, a workforce housing development in New Port Richey, about 33 miles north of Tampa, Florida. The $30 million project is situated on about 9 acres on the site of a former mobile home park. Walden Pond will consist of three four-story residential buildings containing 125 units in a mix of studios and one-, two- and three-bedroom floor plans. Amenities include a dog park, pickleball court, children’s playground and …

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Fiederlein-William
Affordable HousingDevelopmentFinanceIndustry VoicesVirginia

What Developers Need to Know About State Tax Credits

by Lynn Peisner

By William Fiederlein The need for affordable housing has never been greater. The United States is currently experiencing a shortage of millions of affordable housing units for low-income renters. This shortage disrupts family stability and creates a negative economic ripple effect within already vulnerable communities. According to the National Low Income Housing Coalition’s 2025 report, The Gap: A Shortage of Affordable Homes, there is a national shortage of 7.1 million affordable and available rental homes for extremely low-income renters. It nets out to just 35 affordable and available homes for …

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DevelopmentGeorgiaNewsSoutheast

Alliance Residential Buys Charleston Land for Joint Project with MAA

by Lynn Peisner

CHARLESTON, S.C. — Alliance Residential Co. has acquired about 19 acres of land at 1730 Clements Ferry Road in Charleston for the development of MAA Point Hope, a 336-unit community Alliance is developing in partnership with MAA. The site is located within the 9,000-acre master-planned community of Point Hope. MAA Point Hope will include six three-story and two four-story residential buildings and a freestanding clubhouse. Units will include granite countertops, stainless steel appliances, screened-in balconies, wood-style flooring and a washer and dryer in every apartment. Community amenities will include a …

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Adela-at-Mimo-Bay
FinanceFloridaNewsSoutheast

ACRE Lands $72 Million ReFi Loan for Miami Asset

by Lynn Peisner

MIAMI — ACRE has secured a $72 million refinancing loan for Adela at MiMo Bay, a 236-unit, waterfront community in Miami. JLL Capital Markets arranged the financing. Adela at MiMo Bay was developed in 2020 and features a range of studios and one-, two- and three-bedroom units with quartz countertops, stainless steel appliances and floor-to-ceiling windows. ACRE is planning to add 14 additional units and to upgrade amenity offerings. These renovations are expected to begin in September with completion slated for 2026. ACRE, a private equity firm that invests in …

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Foxen multifamily panel
FeaturesFinanceIndustry ContentMidwestNortheastOperationsSoutheastTechnologyTexasWebinarWestern

Webinar: From Sunk Costs to Strategic Savings — Risk and Insurance Plays to Strengthen Your Multifamily Portfolio

by Sarah Daniels

The August 6 webinar “From Sunk Costs to Strategic Savings — Risk and Insurance Plays to Strengthen Your Multifamily Portfolio,” sponsored by Foxen, explored practical ways for multifamily owners and operators to address one of their largest cost concerns in 2025: insurance.  Industry experts detailed the risks of tenant-caused property damage, the operational challenges of monitoring renters insurance and the benefits of structured compliance programs. Viewers learned about property damage liability waiver programs and tenant legal liability (TLL) policies in protecting owners from uninsured losses. The panel also discussed the …

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ZMR Hanley Place
ArizonaFinanceFloridaGeorgiaNewsSoutheastWestern

ZMR Lands $230 Million Debt-Equity Refinancing

by Lynn Peisner

TAMPA, FLA. — ZMR Capital, a Tampa-based multifamily investment firm founded by Zamir Kazi, has secured $230 million to refinance a portfolio of 1,600 units across Florida, Georgia and Arizona. The financing includes equity from an institutional joint venture and a five-year, fixed-rate Fannie Mae loan. ZMR will complete gradual renovations to each property during its hold period. Henry Stimler and Ricky Warner of Newmark represented ZMR Capital in the transaction. The portfolio includes four properties in Tampa, one in Atlanta and one in Phoenix.

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Tricon-Simpsonville
Build-to-RentDevelopmentNewsSouth CarolinaSoutheast

Tricon Breaks Ground on South Carolina BTR Project

by Lynn Peisner

SIMPSONVILLE, S.C. — Tricon Residential has broken ground on Tricon Simpsonville, a 93-unit, build-to-rent community in Simpsonville, 12 miles south of Greenville, South Carolina. The property will consist of three-bedroom townhomes with two-car garages, fenced front yards, quartz countertops and wood-style flooring. Each unit will feature smart-home technology such as automatic thermostat control, keyless entry and leak-detection sensors. Amenities include a pool, firepit, pond, playground, dog park, amphitheater, and pickleball and tennis courts. Residents also will have access to a resource called Tricon Vantage, which includes a credit-building program, down …

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FloridaInvestment SalesMassachusettsNew HampshireNewsNortheastRhode IslandSoutheast

Aimco Sells Two Portfolios for $1.26 Billion

by Lynn Peisner

DENVER — An affiliate of Norfolk, Virginia-based Harbor Group International (HGI) is under contract for the $740 million acquisition of a portfolio of five communities from Apartment Investment and Management Company (Aimco). The Denver-based, publicly traded REIT’s (NYSE: AIV) stock price closed at $7.91 on Aug. 11, down from $8.11 on Aug. 9, 2024. HGI has completed due diligence and paid a non-refundable $20 million deposit. The deal for the first four properties is expected to close in the third quarter, with the closing of the final asset occurring in …

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Royal-Palms-Main-Street
Build-to-RentDevelopmentFinanceFloridaNewsSoutheast

Ceiba Groupe Receives $40.2 Million Construction Loan for Jacksonville Project

by Lynn Peisner

JACKSONVILLE, FLA. — Ceiba Groupe, a Fort Lauderdale-based developer, has received a $40.2 million construction loan for Royal Palms Main Street, a community in Jacksonville that is slated for completion in the first quarter of 2027. JLL arranged and Crestline Investors originated the loan. The 227-unit community Royal Palms Main Street will feature 168 elevator-serviced, garden-style apartments and 59 townhomes. Units will be offered as one- and two-bedroom apartments and three- and four-bedroom townhomes. Amenities include a clubhouse, a pool, fitness center, a dog park and spa, a playground, climate-controlled …

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