Southeast

Addison-Landing-Jacksonville
BerkadiaFloridaInvestment SalesNewsSoutheast

Berkadia Arranges $44.8 Million Jacksonville Sale

by Lynn Peisner

JACKSONVILLE, FLA. — Berkadia has arranged the sale of Addison Landing in Jacksonville. WRH Realty out of St. Petersburg, Florida, sold the 289-unit community to Tampa-based Argyle Real Estate Capital. According to public records, the asset traded for approximately $44.8 million. Senior Director Greg Rainey and his team at Berkadia Central & North Florida represented the seller. Matt Robbins, Mitch Sinberg, Brad Williamson, Scott Wadler and Hugo Hernandez of Berkadia Boca Raton and Miami lined up financing for the buyers, which included a $31.3 million, Freddie Mac-backed loan with a …

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Link-at-Boca
DevelopmentFloridaNewsSoutheast

13th Floor Investments to Build Boca Raton TOD with 340 Units

by Lynn Peisner

BOCA RATON — South Florida-based developer 13th Floor Investments will develop Link at Boca, a multifamily transit-oriented development adjacent to the Boca Raton Tri-Rail station. The Tri-Rail is a commuter train that serves the Greater Miami and Palm Beach areas. The developer will complete construction by summer 2027. Link at Boca will consist of eight stories containing 340 market-rate and workforce apartments as well as 24,000 square feet of retail. Rent restrictions on the workforce units were not disclosed. Comras Co. is leading retail leasing. The project is a public-private …

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Birmingham, Alabama
AlabamaInvestment SalesMarket ReportsSoutheast

Birmingham, the Southeast’s Quiet Contender, Steps into the Spotlight

by Lynn Peisner

By Chad Thomas Hagwood The most successful investors in Birmingham are those who have allowed the economy’s natural forces to do the work for them, counting on the city’s steady growth to raise rents and elevate operating income. Until about two decades ago, The Magic City was a sleeper market reserved for local multifamily investors, but the word has long since gotten out. Large, sophisticated institutions like Blackstone and Starwood Capital are now active participants. Birmingham produces such stable results because it offers an attractive quality of life at a …

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TheHadley
Build-to-RentDevelopmentFloridaNewsSoutheast

Thompson Thrift Opens The Hadley on Florida’s West Coast

by Lynn Peisner

NORTH PORT, FLA. — Thompson Thrift has opened The Hadley in North Port, 35 miles south of Sarasota, Florida. Resident move-ins began in February. Thompson Thrift estimates all construction will be complete by February of 2026. The Hadley is a 268-unit property that sits on 25 acres. Each residence has a private front door entry and private outdoor patio as well as stainless-steel appliances, tile backsplashes, hardwood-style flooring, walk-in closets, full-sized washers and dryers, high-speed internet and smart thermostats. One-, two, and three-bedroom floor plans are available. Community amenities at …

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2900-Terrace
DevelopmentFinanceFloridaInvestment SalesNewsSoutheast

Oak Row Equities Breaks Ground on $210.5 Million Miami Tower

by Lynn Peisner

MIAMI — Oak Row Equities has secured $210.5 million in construction financing for 2900 Terrace, a 324-unit high-rise in the Edgewater neighborhood of Miami. The financing package includes a $142.5 million senior loan from Bank OZK and a $68 million mezzanine loan from Canyon Partners Real Estate LLC. JLL arranged both loans for Oak Row Equities. Construction has begun with completion slated for the fourth quarter of 2027. Units at 2900 Terrace, designed by architecture firm Arquitectonica, will be offered in one-, two- and three-bedroom floor plans. The tower’s amenity …

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Village-at-Legacy
Affordable HousingDevelopmentFinanceGeorgiaNewsSoutheast

Decatur Housing, PAHI Complete First Phase of $49 Million Ground-Up Affordable Housing Development

by Lynn Peisner

DECATUR, GA. — The Housing Authority of the City of Decatur (Decatur Housing) and nonprofit developer partner Preserving Affordable Housing Inc. (PAHI) completed Phase I and broke ground on Phase II of Village at Legacy on June 18. Once completed, the two-phase development will offer 132 one-, two- and three-bedroom residences across two phases and in a variety of floor plans including townhomes and apartments. The first 66 units in Phase I are being delivered under a $20.4 million construction contract with total project costs reaching $27.9 million. The second …

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InterFace-Carolinas-Multifamily_Operators
Conference CoverageFeaturesLeasing & MarketingOperationsSoutheast

InterFace Conference Coverage: Multifamily Operators Are Utilizing Fee Transparency, Concessions to Woo Renters

by Lynn Peisner

CHARLOTTE, N.C. — The federal government has been cracking down on price gouging in recent months. In May, the Federal Trade Commission (FTC) implemented a rule to ban “junk fees” from live event platforms like Ticketmaster, as well as hotels and other short-term lodging. This rule precludes the vendor or property owner/management firm from being able to charge hidden fees on the back end by requiring them to put the total cost upfront, inclusive of all mandatory fees and charges. And in January, the U.S. Justice Department (DOJ), along with …

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Carmichael-Commons
Affordable HousingDevelopmentGeorgiaNewsSoutheast

Woda Cooper, Parallel Housing Deliver First Phase of $36.7 Million Affordable Housing Project in Madison, Georgia

by Lynn Peisner

MADISON, GA. — Woda Cooper Cos. and Parallel Housing opened Carmichael Commons in Madison on June 18. The $18.2 million, 60-unit townhome community is comprised of eight one-bedroom, 32 two-bedroom and 20 three-bedroom townhomes. Units are reserved for residents with household incomes up to 50 and 60 percent of area median income (AMI). Six units are offered at market rates without income restrictions. The developers also are underway constructing Prior Farms, an $18.5 million, 40-unit build-to-rent community on adjoining land. The two-phase project will include a new park developed by …

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Eden-Heritage-Lakes
Build-to-RentFinanceFloridaNewsSoutheast

JLL Capital Markets Arranges $114 Million in Construction Takeout Loans for EDEN Living

by Lynn Peisner

WEST MELBOURNE AND JACKSONVILLE, FLA. —  JLL Capital Markets has arranged $114 million in bridge loans on behalf of BTR developer EDEN Living to refinance existing construction debt on two properties. The package includes a $70 million loan for the 373-unit EDEN at Heritage Lakes in West Melbourne and a $44 million loan for the 265-unit EDEN at Kendall West in Jacksonville. The direct lender of the construction takeout loans was not disclosed. Both properties were developed in 2024. JLL Capital Market’s Debt Advisory team representing the borrower was led by …

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The-Perrin
DevelopmentFinanceFloridaNewsSoutheast

Empira Group Secures $111 Million Loan, Breaks Ground on The Perrin in Miami

by Lynn Peisner

MIAMI — Newmark has arranged a $111 million construction loan, funded by Goldman Sachs, for the construction of The Perrin in Miami. The borrower and developer, The Empira Group, has broken ground on the 26-story, 310-unit project in the Brickell neighborhood. Construction is slated for completion in 2028. The project will include 2,500 square feet of ground-floor retail, 380 parking spaces and a mix of studio to three-bedroom units. Amenities include a fitness center with a yoga room, coworking spaces, a resort-style pool with cabanas and grills and a rooftop …

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