Southeast

Asher
DevelopmentFinanceFloridaNewsSoutheast

PGIM Provides Tampa Developer $110 Loan for Asher Residences

by Lynn Peisner

TAMPA, FLA. — PGIM Real Estate has provided a $110 million, five-year, interest-only, fixed rate loan to Cascade Investment for the refinancing of Asher Residences in Tampa. The 22-story building is a part of the Water Street development downtown and was completed in December 2021. Strategic Property Partners, the developer of Asher Residences as well as the master developer of Water Street Tampa, is a subsidiary of Cascade Investments. The community contains 490 units, including 97 furnished residences that are operated as part of a partnership with ROOST Apartment Hotels. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Yale-West
Company NewsGeorgiaInvestment SalesNewsNortheastSoutheastWashington, D.C.

Elme Communities Agrees to Sell Portfolio to Cortland for $1.6 Billion as Part of Liquidation Plan

by Lynn Peisner

BETHESDA, MD. AND ATLANTA — Elme Communities (NYSE: ELME), a Maryland-based multifamily owner-operator that previously operated as WashREIT, has entered into a purchase and sale agreement with an affiliate of Cortland Partners, an Atlanta-based multifamily investment and management firm. Under the terms of the transaction, Elme would sell 19 apartment communities to Cortland for $1.6 billion in an all-cash deal. “We are pleased to have reached an agreement with Cortland that recognizes the greater value of these 19 Elme communities and their long-term potential when coupled with Cortland’s economies of …

Continue Reading
0 FacebookTwitterLinkedinEmail
Easton-Riverview
BerkadiaFinanceFloridaNewsSoutheast

Joint Venture Secures $56.6 Million to Refinance Easton Riverview in Ruskin, Florida

by Lynn Peisner

RUSKIN, FLA. — Berkadia has arranged a $56.6 million loan to refinance The Easton Riverview in Ruskin, 27 miles south of Tampa, Florida. The borrower/owner is a joint venture of Cross Lake Partners of New York, GreenPointe Holdings of Jacksonville, Florida, and Rivers Residential LLC of Atlanta. Mesa West Capital provided the loan. Built in 2023 on 15 acres, The Easton Riverview offers a mix of one-, two- and three-bedroom floor plans. Amenities include a pool with cabanas, 24-hour fitness center with yoga room, two dog parks, electric vehicle charging …

Continue Reading
0 FacebookTwitterLinkedinEmail
805-Lea
FinanceNewsSoutheastTennessee

Walker & Dunlop Arranges $105 Million Refinancing for Nashville Mixed-Use High-Rise

by Lynn Peisner

NASHVILLE, TENN. — Walker & Dunlop has arranged a $105 million loan provided by Nuveen to refinance 805 Lea in downtown Nashville. Key Real Estate Co. is the owner/borrower. The 356-unit high-rise, mixed-use property was developed in 2021 and includes 10,203 square feet of ground-floor retail across three store spaces. Amenities include a 24-hour concierge service, a 29th-floor sky lounge, a saltwater pool, a fitness center and two outdoor fire pits.

Continue Reading
0 FacebookTwitterLinkedinEmail
HueHub
Affordable HousingDevelopmentFloridaNewsSoutheast

Miami-Dade County Approves $880 Million Affordable Housing Development

by Lynn Peisner

MIAMI — Miami-Dade County has approved plans for The HueHub, an $880 million, 12-acre development in the West Little River neighborhood that will include 4,032 units of affordable housing. Developers Pablo Castro and Laura Tauber will break ground later this year with completion slated for the second quarter of 2028. The project was approved under the Live Local Act, which is state legislation passed in 2023 to encourage affordable housing projects by granting developers tax incentives and flexibility with permits related to density, height, parking and other building regulations. In …

Continue Reading
0 FacebookTwitterLinkedinEmail
Riverview
BerkadiaFinanceFloridaInvestment SalesNewsSoutheast

Category Five Buys Florida Portfolio for $32.3 Million

by Lynn Peisner

SUNRISE, FLA. — Category Five Real Estate has acquired a four-property portfolio in Sunrise, about 10 miles west of Fort Lauderdale. The South Florida-based private equity firm paid approximately $32.3 million, which included a $21 million loan funded by Santander and arranged by Berkadia. The four assets in the portfolio were constructed between 1969 and 1973 and total 185 units. The properties are Sunrise Gardens, La Haina, Lake Success and Riverview.

Continue Reading
0 FacebookTwitterLinkedinEmail
12th-&-James
Affordable HousingGeorgiaInvestment SalesNewsSoutheast

Atlanta Property Sells to EQ Housing Advisors for $39 Million

by Lynn Peisner

ATLANTA — Aspen Square Management has sold 12th & James in Atlanta’s Upper Westside neighborhood to EQ Housing Advisors for $39 million. Under the new ownership, a public-private partnership with Atlantica Properties will convert the 214 apartments from market-rate to affordable housing. JLL represented Aspen Square in the deal. EQ Housing Advisors is a nonprofit housing investment firm, and Atlantica is a for-profit developer and investor. EQ was founded in 2022 by former RangeWater Chairman Marc Pollack. All groups, except the seller, are Atlanta-based. Atlanta Urban Development Corp. provided the …

Continue Reading
0 FacebookTwitterLinkedinEmail
Madonna-Manor
Affordable HousingFinanceInvestment SalesMississippiNewsSoutheast

Regions Arranges $117.3 Million Financing Package for Mississippi Affordable Housing Acquisition

by Lynn Peisner

JACKSON, MISS. — Regions Affordable Housing has provided $117.3 million in financing to Vitus Group, an affordable housing developer, investor and owner with offices in Seattle and New York City. With the financing package, Vitus will acquire and rehab three affordable housing properties in Jackson: Village Apartments, Commonwealth Apartments and Madonna Manor, which are now known as the Jackson Trio portfolio. The properties are a mix of townhomes, garden-style apartments and a 13-story high-rise building for seniors. Altogether, the properties total 77 buildings and 613 units. Regions’ financing package included …

Continue Reading
0 FacebookTwitterLinkedinEmail
Lakeside-Central
BerkadiaFinanceFloridaNewsSoutheast

Berkadia Arranges $32.4 Million Freddie Mac ReFi Loan for JV Owners of Tampa Asset

by Lynn Peisner

BRANDON, FLA. — Berkadia has arranged approximately $32.4 million on behalf of Robbins Property Associates and Hartford Investment Management Co. (HIMCO) to refinance Lakeside Central Apartments, a 228-unit garden-style community in the Tampa suburb of Brandon, Florida. Senior Managing Director Mitch Sinberg, Managing Directors Scott Wadler and Brad Williamson and Vice President Hugo Hernandez of Berkadia Miami and Boca Raton secured the five-year, fixed-rate Freddie Mac loan. Berkadia also financed the property’s acquisition in 2018 with a floating-rate, Freddie Mac loan. Buit in 1985 and located at 529 S. Parsons …

Continue Reading
0 FacebookTwitterLinkedinEmail
LEO-Jamestown
Build-to-RentDevelopmentNewsSouth CarolinaSoutheast

Advenir Oakley Capital, Capstone Building Complete $78 Million South Carolina BTR Project

by Lynn Peisner

GREER, S.C. — Developer Advenir Oakley Capital and general contractor Capstone Building Corp. have completed construction of LEO Jamestown, a $78 million build-to-rent (BTR) development in Greer, 12 miles northeast of Greenville, South Carolina. LEO Jamestown includes 296 units offered as one-, two- or three-bedroom floor plans. Amenities include a resort-style pool, a pool house, clubhouse, a fitness center and outdoor green spaces. Advenir Azora is managing the property.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2025 France Publications, dba France Media Inc.