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BerkadiaBuild-to-RentInvestment SalesNewsNorth CarolinaSoutheast

Berkadia Arranges Charlotte Area Build-to-Rent Sale

by Lynn Peisner

INDIAN TRAIL, N.C. —Berkadia has arranged the sale of Poplin Trace in Indian Trail, a city about 15 miles southeast of Charlotte. The sales price was not disclosed, but the Charlotte Business Journal reported the asset traded for $31 million. The seller was Arizona-based Belleview. The buyer was not disclosed. As of the date of sale, which was April 22, the property was 93 percent occupied. Poplin Trace offers 99 units, all as three-bedroom townhomes with attached two-car garages. The townhome, build-to-rent community was developed in 2021. Managing Director Caleb …

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Bond-on-Mint
Leasing & MarketingNewsNorth CarolinaOperationsSoutheast

RKW Picks Up Three Charlotte Property Assignments

by Lynn Peisner

Charlotte, N.C. — RKW Residential has been selected to manage three metro Charlotte properties totaling 925 units. The new communities include Bond on Mint, a 393-unit luxury high-rise developed by Kayne Capital; Frazier at Mallard Creek, a 295-unit property from Delray Ventures; and Novel Davidson, a 237-unit property developed by Crescent Communities.

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Affordable HousingDevelopmentFloridaNewsSoutheast

Dominium Acquires Land to Develop Orlando-Area LIHTC Property

by Lynn Peisner

APOPKA, FLA. — Affordable housing developer Dominium has acquired land in Apopka for the development of The Mira. The community will provide 300 rent-restricted homes for families in the Orlando metropolitan area. Apopka is about 20 miles northwest of downtown Orlando. Units are reserved for tenants earning between 50 and 80 percent of area median income. A construction timeline was not disclosed. Upon completion, The Mira will offer 96 one-bedroom, 132 two-bedroom and 72 four-bedroom apartment homes. The community will also feature a range of amenities, including a clubhouse, fitness …

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Tishman Speyer Nashville
Investment SalesNewsSoutheastTennessee

Tishman Speyer Buys Midtown Nashville Property

by Lynn Peisner

NASHVILLE, TENN. — Tishman Speyer has acquired 2010 West End Avenue for $112 million. The 25-story, 358-unit property was developed by CA Ventures in 2021 in the Midtown area of Nashville, within walking distance to Vanderbilt University. Tishman Speyer’s acquisition was financed in part by a $67.2 million loan from Corebridge. 2010 West End Avenue includes 6,000 square feet of ground-floor retail. Units are offered as studios, one- or two-bedroom floor plans. A rooftop pool, hot tub, a fitness center and dog run are among the amenities. The asset is …

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21 Hollywood
DevelopmentFloridaNewsSoutheast

Starlife Group Launches Vertical Construction for 13-Story Project in Hollywood, Florida

by Channing Hamilton

HOLLYWOOD, FLA. — Starlife Group has launched vertical construction on 21 Hollywood, a 13-story mixed-use project located in Hollywood, roughly 20 miles north of Miami, Florida. The complex will feature 200 apartments and 10,000 square feet of ground floor retail space. Amenities will include a business center, coworking spaces, private conference room and a fitness center with a dedicated yoga and Pilates room. Residents will also have access to a children’s play area, dog park and dog spa, dual cinemas and an 85-foot infinity pool that serves as the centerpiece …

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The investment sales panel at Interface Affordable Housing Southeast
Affordable HousingConference CoverageFeaturesGeorgiaInvestment SalesSoutheast

InterFace Panel: Affordable Housing Investment Sales Face Uncertain Future

by Channing Hamilton

ATLANTA — Affordable housing is facing a tumultuous second half of the year. Tariffs on building materials such as lumber, steel and aluminum are slowing development activity as they elevate construction costs. Investment sales are also likely to be impacted by unstable economic conditions in the affordable housing sector, where many transactions are conducted within a limited budget due to the nature of income restrictions for renters. Amid high costs and trade uncertainty, many investors are making the decision to stay on the sidelines or invest in markets with more …

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Amberleigh Apartments
Investment SalesNewsSoutheastVirginia

Berkadia Arranges $129 Million Refinancing for Community Near Washington, D.C.

by Channing Hamilton

FAIRFAX, VA. — Berkadia has arranged $129 million for the refinancing of Amberleigh Apartments, a 752-unit community in Fairfax, roughly 20 miles west of Washington, D.C. Patrick McGlohn, Brian Gould, Miles Drinkwalter and Natalie Hershey of Berkadia arranged the financing on behalf of the locally based borrower, Redbrick LMD. The financing consisted of a $113.8 million Freddie Mac loan and a $15.6 million preferred equity investment from an undisclosed source. Amberleigh Apartments features one-, two- and three-bedroom floor plans ranging from 861 square feet to 1,523 square feet, according to …

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Modera Liberty Row
Leasing & MarketingNewsNorth CarolinaSoutheast

Mill Creek Residential Begins Pre-Leasing at Modera Liberty Row in Charlotte, North Carolina

by Channing Hamilton

CHARLOTTE, N.C. — Mill Creek Residential has begun pre-leasing at Modera Liberty Row, a 239-unit community in the SouthPark neighborhood of Charlotte. The community is located at 7740 Liberty Row Drive on The Loop. Units come in studio, one-, two- and three-bedroom layouts. The average unit size is 1,100 square feet. The first move-ins are slated for June. Modera Liberty Row will offer amenities such as a pool, fitness center with a yoga studio, multiple clubrooms, four elevated courtyards, game room, golf simulator lounge, bocce ball courts, coworking spaces and …

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Westmont Village
Build-to-RentDevelopmentFrom the MagazinesMarket ReportsNorth CarolinaSouth CarolinaSoutheast

Why the Carolinas Are a Build-to-Rent Hot Spot

by Channing Hamilton

The single-family rental (SFR) market, including purpose-built build-to-rent (BTR) communities, is the fastest-growing segment of the U.S. housing market, outpacing both single-family for-sale and multifamily growth in recent years.  Although the concept emerged from the Great Recession, when large investors began buying up vacant homes to rent, it has evolved significantly over the past five years, attracting more sophisticated investors and expanding into new markets. Historically, Sun Belt markets, particularly Phoenix, were early adopters of BTR. Recently, however, areas like the Carolinas, Northern Virginia and even Boston have seen a …

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Parks at Delray
DevelopmentFloridaNewsSoutheast

ANF Delivers First Phase of 43-Acre Mixed-Use Project in Delray Beach, Florida

by Channing Hamilton

DELRAY BEACH, FLA. — ANF has delivered Phase I of Parks at Delray, a 43-acre mixed-use development located at 2100 S. Congress Ave. in Delray Beach, about 5.5 miles south of Fort Lauderdale, Florida. The first phase of Parks at Delray consists of 420 one-, two- and three-bedroom apartments ranging in size from 580 to 1,400 square feet, as well as three-bedroom townhomes ranging in size from 1,670 to 1,770 square feet. At full build-out, Parks at Delray will offer 747 apartments, approximately 10 percent of which will be designated as …

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