Southeast

Birchstone Waterleigh

WINTER GARDEN, FLA. — Ashcroft Capital has acquired Birchstone Waterleigh, a 300-unit asset located at 9405 Ascend Falls Drive in Winter Garden, roughly 15 miles west of Orlando, Florida. The acquisition was completed through a joint venture with Pearlmark and Temerity Strategic Partners. The sales price and seller were not disclosed. Formerly known as Ascend Waterleigh Club, the property was built in 2023. Units come in one-, two- and three-bedroom floor plans ranging from 782 to 1,563 square feet. Amenities include a pool, coworking lounge, fitness center, dog park, emergency …

0 FacebookTwitterLinkedinEmail
One Twenty Brickell Residences

MIAMI — PMG has received a $413 million construction loan for One Twenty Brickell Residences, a two-tower development in Miami’s Brickell Financial District. Located at 120 S.W. 8th St., the project will consist of an apartment tower and a condominium tower.  The multifamily high-rise will rise 41 stories and offer a mix of studio, one-, two- and three-bedroom apartments. The building will also feature a 48,000-square-foot amenity package, including a pool with a hot tub, fitness center, coworking hub, lounges and a lobby with concierge services. Sentral will operate the …

0 FacebookTwitterLinkedinEmail
Park at Valenza

TEMPLE TERRAE, FLA. — Denver-based BMC Investments has purchased Park at Valenza, a 776-unit complex located at 6900 Aruba Ave. in Temple Terrace, about 10 miles northeast of Tampa. The seller and sales price were not disclosed, as well as BMC’s joint venture partner. A Prime Finance-sponsored fund provided acquisition financing for the deal. Park at Valenza was built in three phases from 1987 to 1996, and features a mix of one-, two- and three-bedroom apartments. Residents have access to amenities such as a lounge, gym, pool, basketball court and …

0 FacebookTwitterLinkedinEmail
Lake Taylor Pointe Apartments

NORFOLK, VA. — The Breeden Co. has completed Lake Taylor Pointe Apartments, a 198-unit community located at 1060 Kempsville Road in Norfolk. The property offers carriage house and garden-style buildings. Units come in one-, two- and three-bedroom floor plans ranging from 723 square feet to 1,425, according to Apartments.com. Amenities include a pool, poolside fitness center, outdoor gathering areas, arcade room, electric vehicle charging stations and a bark park. Rental rates for the property begin at $1,750. Breedon Construction served as the general contractor for the $43 million development.

0 FacebookTwitterLinkedinEmail
Maeve

RALEIGH, N.C. — Capital Square has opened Maeve, a 20-story apartment tower located at 319 W. Lenoir St. in Raleigh’s Warehouse District. Maeve consists of 297 units in studio, one-, two- and three-bedroom floor plans. The high-rise community also features approximately 10,000 square feet of street-level retail space, a double-height lobby and 30,000 square feet of amenities, including a pool and rooftop lounge. Greystar is managing the community. York Properties is overseeing the tower’s retail leasing assignment. Project partners for Maeve included JDAVIS Architects, general contractor W.M. Jordan Co., landscape …

0 FacebookTwitterLinkedinEmail
Silver Cove Apartments

MIAMI — Marcus & Millichap has arranged the $8.1 million sale of Silver Cove Apartments, an 18-unit community located at 2010 Southwest 25th Terrace in Miami. Built in 2021, the property consists of 33,424 square feet across four stories. Apartments come in two- and three-bedroom floor plans. Joseph Thomas, Alec Demetriou and Adam Marcuvitz of Marcus & Millichap’s Fort Lauderdale office represented the undisclosed seller in the transaction. The identity of the buyer was also not disclosed.

0 FacebookTwitterLinkedinEmail
The Residences at Enso

JACKSONVILLE, FLA. — Thorofare Capital has provided a $74 million bridge loan for the refinancing of The Residences at Enso, a 304-unit asset located 20 miles east of downtown Jacksonville along the Saint Johns River. The borrower, Trevato Development Group, will use the 2.5-year floating-rate loan to repay the original construction loan on the property. Jeff Kinney and Phil Rachels of CBRE’s Jacksonville office arranged the loan. The Residences at Enso consists of nine, four-story buildings across 22 acres. Floor plans range from 669 square feet to 1,599 square feet. The …

0 FacebookTwitterLinkedinEmail
Haven Apartments

POMPANO BEACH, FLA. — MAP Communities has purchased The Haven Apartments, a 56-unit community located at the corner of NE 16th Terrace and NE 33rd St. in Pompano Beach, roughly 10 miles north of Fort Lauderdale, Florida. The asset traded hands for $10 million. Haven Apartments consists of seven contiguous two-story buildings on a 1.8-acre site. The community was built between 1969 and 1970. The community offers a mix of one-, two- and three-bedroom units. Daniel Cunningham, Evan Richardson, River Rhoads, Dillon Majeski and Cory Sanchez of Marcus & Millichap’s …

0 FacebookTwitterLinkedinEmail
Z Modulars Aerial Image

By Randall Towb of Mitsubishi Electric Trane HVAC US (METUS) Texas multifamily owners and developers are utilizing all-climate variable capacity heat pumps and variable refrigerant flow (VRF) systems for heating and air-conditioning (HVAC) needs in their low-rise, mid-rise and high-rise buildings. These systems deliver on both resident satisfaction and building owners’ return on investment (ROI) thanks to key benefits such as energy performance, zoned comfort, design flexibility, quiet operation, reduced maintenance and advanced controls and monitoring. In addition to resident comfort and ROI, these all-electric systems align with growing concerns …

0 FacebookTwitterLinkedinEmail
Greens at Centennial

RALEIGH, N.C. — JLL Capital Markets has arranged the sale of and acquisition financing for the Greens at Centennial, a 292-unit community located at 320 The Greens Circle in Raleigh. Built in 2014, Greens at Centennial offers a mix of studio, one- and two-bedroom units. The average unit size is 941 square feet. Amenities include a pool, fitness center, fenced dog park and landscaped courtyards with grilling areas. JLL Capital Markets co-brokered the transaction in conjunction with Capital Associates, who represented the seller, an affiliate of Capital Associates. JLL also …

0 FacebookTwitterLinkedinEmail