Southeast

Marcus & Millichap Arranges $3.6M Sale of Myrtle Beach Asset

by Lynn Peisner April 22, 2026

MYRTLE BEACH, S.C. — Marcus & Millichap has arranged the sale of Chicora Apartments, a 34-unit community in Myrtle Beach. The asset traded for $3.6 million. Neither party to the transaction was named. Will Graves Jr., Ryan Lipomi and Carson Ford of Marcus & Millichap represented the seller. Built in 1963, the property is located at 501 38th Ave. North on a 1.9-acre lot. The community totals approximately 31,000 rentable square feet and includes one-, two- and three-bedroom apartments with an average unit size of 912 square feet.

April 22, 2026

Investment Sales News Southeast Virginia

Berkadia Arranges $17.7M Sale of Ivy Gates in Petersburg, Virginia

by Lynn Peisner April 22, 2026

PETERSBURG, VA. — Greencove Group has sold Ivy Gates in Petersburg, about 30 miles south of Richmond, Virginia, to CCM for $17.7 million. SYM Properties has been named manager of the community under the new ownership. Drew White, Carter Wood, Matt Straughan and Cole Carns of Berkadia Richmond arranged the sale on behalf of the seller. Located at 101 Ivy Lane, Ivy Gates features two- and three-bedroom tri-level townhome apartments ranging from approximately 1,369 to 1,677 square feet. Residences feature private entrances, patio areas, separate dining spaces, hardwood flooring and …

April 22, 2026

Finance News North Carolina Southeast

Capital Square Secures $105M Refinancing for Maeve in Raleigh, North Carolina

by Lynn Peisner April 21, 2026

RALEIGH, N.C. — Walker & Dunlop has arranged a $105 million refinancing loan for Maeve, a high-rise in Raleigh owned by Capital Square. Alexandra Huffman, Justin Nelson and PJ Feichtmeier arranged the floating-rate, interest-only bridge loan through TPG Real Estate Finance. The 297-unit property, which includes studio through three-bedroom floor plans and about 10,000 square feet of ground-floor retail, was completed in 2025. Maeve was built in an Opportunity Zone proximate to the Boylan Heights neighborhood, Dorothea Dix Park and downtown. Amenities include a resort-style pool, rooftop lounge coworking spaces …

April 21, 2026

Florida Investment Sales News Southeast

Berkadia Brokers Sale of Nova Central in Davie, Florida

by Lynn Peisner April 17, 2026

DAVIE, FLA. — Berkadia has arranged the sale of and financing for Nova Central, a 140-unit property in Davie, about 11 miles west of Fort Lauderdale, Florida. Jaret Turkell, Omar Morales and Yoav Yuhjtman of Berkadia South Florida led the transaction on behalf of the seller, Robbins Property Associates of Tampa, Florida. The property sold to Denver-based McDowell Properties. Josh Finley of Berkadia Atlanta and Matt Robbins of Berkadia Boca Raton, arranged an undisclosed amount of acquisition financing.

April 17, 2026

Finance News North Carolina Southeast

NewPoint Provides $49M Loan to Evolve Cos.

by Lynn Peisner April 17, 2026

GREENVILLE, N.C. — NewPoint Real Estate Capital has provided a $49 million loan for the refinancing of Evolve at the Pines Apartment Homes, a 288-unit property in Greenville. North Carolina-based developer and property manager Evolve Cos. was the borrower. The bridge-to-agency loan was structured with a 24-month interest-only period to provide flexibility during lease-up. Evolve at the Pines opened earlier this year. It features amenities such as a saltwater pool, fitness center, clubhouse, dog park and electric vehicle charging stations.

April 17, 2026

Build-to-Rent Development Finance Georgia News Southeast

River North Partners Underway on BTR Project South of Atlanta

by Lynn Peisner April 15, 2026

LA GRANGE, GA. — River North Real Estate Partners has broken ground on Canopy Crest, a build-to-rent community in La Grange, 67 miles southwest of Atlanta. JLL arranged a $33.5 million construction loan for Phase I, which includes 152 rental homes in a mix of duplexes, detached homes and a product type River North refers to as a “barndominium,” an apartment floor plan averaging approximately 1,242 feet. All homes will be finished with granite countertops, stainless steel appliances, vinyl plank flooring and smart locks and thermostats. Amenities include a fitness …

April 15, 2026

Affordable Housing Berkadia Content Partner Features Finance Industry Content Midwest Northeast Southeast Texas Western

How Distress, Debt Assumptions Are Rewriting Multifamily Pricing in Metro Atlanta

by Sarah Daniels April 14, 2026

— By Matt White, managing director, Berkadia Across Metro Atlanta, distress and loan assumptions are no longer edge cases — they’re driving a meaningful share of multifamily transaction activity and quietly resetting the market’s pricing benchmarks. Deals that can successfully navigate legacy debt structures, rising operating costs and shifting return expectations are revealing where true clearing values lie and which capital stacks still work in today’s environment. The same forces driving distress in Dallas, Phoenix and Austin — floating-rate and bridge debt maturities, late-cycle construction and operating cost inflation — are …

April 14, 2026

Affordable Housing Finance News South Carolina Southeast

Eller Capital Secures $58M Refinancing for Two North Charleston Properties

by Lynn Peisner April 13, 2026

NORTH CHARLESTON, S.C. — Eller Capital Partners has obtained a $58 million loan to refinance two properties, about half a mile apart from each other, in North Charleston. Walker & Dunlop’s Walker Layne, Matt Wallach, Stephen West, Austin Sneed and Tyler Roberts arranged the floating-rate interest-only bridge senior debt loan with capital provided by Bridge Investment Group. Ellevate St. Ives is comprised of 248 units. Ellevate North Charleston offers 192 units. Both properties participate in South Carolina’s affordable housing tax abatement program, with 75 percent of units restricted at 80 percent …

April 13, 2026

Affordable Housing Development Florida News Southeast

McDowell Housing Partners to Build $41.9M Affordable Housing in Pensacola

by Lynn Peisner April 10, 2026

PENSACOLA, FLA. — McDowell Housing Partners has announced plans for Ekos at Warrington, a $41.9 million affordable housing community in Pensacola. Construction is slated for completion by the third quarter of 2027. The 120 units at Ekos at Warrington will be reserved for tenants earning between 40 and 60 percent of area median income. Fifty percent of the units will be set aside for active-duty military members, veterans and their families. Half of those units, representing 5 percent of the total project, will be reserved for veterans experiencing homelessness. The …

April 10, 2026

Development Finance Florida News Southeast

Terian Development Closes on Financing, Breaks Ground on Emi on 50 in Orlando

by Lynn Peisner April 10, 2026

ORLANDO, FLA. — Terian Development, the development arm of Terian Group, has broken ground on Emi on 50 in Orlando after securing a construction loan for an undisclosed sum through lender PCCP. JLL arranged the financing. The 336-unit mid-rise project is slated for completion in 2028. Emi on 50 includes studios, one-, two- and three-bedroom units as well as townhomes. Amenities feature a rooftop pool and terrace, a ninth-floor pickleball court, a courtyard, coworking spaces and a speakeasy-inspired lounge. The property will be managed by Willow Bridge Property Co.

April 10, 2026

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