Southeast

Crossroads at Town Center in Jacksonville, Florida
FinanceFloridaInvestment SalesNewsSoutheast

JLL Capital Markets Arranges $32.8 Million in Acquisition Financing for Crossroads at Town Center in Jacksonville, Florida

by Channing Hamilton

JACKSONVILLE, FLA. — JLL Capital Markets has closed $32.8 million in acquisition financing for Crossroads at Town Center, a build-to-rent community in Jacksonville. JLL represented the borrowers, 360 Communities (Freehold Capital Management) and PCCP, to secure the loan through Greystar. Chris Drew, Matthew Putterman, Kenny Cutler and Shane Ciacci led the JLL Capital Markets Debt Advisory team. Crossroads at Town Center comprises 141 three-bedroom townhome units averaging 1,728 square feet in size. Units feature garages, covered porches, fenced-in backyards, stainless-steel appliances, built-in washers and dryers, quartz countertops, plank flooring and …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment SalesKentuckyNewsSoutheast

Newmark Arranges $19.7 Million Sale of Triple Crown at Tates Creek in Lexington, Kentucky

by Channing Hamilton

LEXINGTON, KY. — Newmark has negotiated the sale of Triple Crown at Tates Creek, a 228-unit property in Lexington. RFM Property Group purchased the garden-style community from Monument Capital Management for $19.7 million. The property was 94 percent occupied at the time of sale. Matt Newcomer of Newmark represented the seller in the deal. Additionally, Henry Stimler and Ricky Warner of Newmark arranged a $15 million Fannie Mae acquisition loan on behalf of the borrower.

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentNewsSoutheastVirginia

Standard Communities Breaks Ground on 240-Unit Affordable Housing Community in Woodbridge, Virginia

by Channing Hamilton

WOODBRIDGE, VA. — Standard Communities has broken ground on Jefferson Plaza Apartments, a 240-unit affordable housing community in Woodbridge, in Northern Virginia’s Prince William County. The property will be income-restricted to tenants earning 60 percent of the area median income. Planned amenities include 354 parking spaces for residents, a 3,000-square-foot clubroom, co-working space, fitness center, bike storage, playground, green space and a dog park. The development, which is capitalized at $67.5 million, was funded from sources including Virginia Housing, Freddie Mac and Hudson Housing Capital.

Continue Reading
0 FacebookTwitterLinkedinEmail
The Preserve at Poinciana in Poinciana, Florida
Build-to-RentDevelopmentFloridaInvestment SalesNewsSoutheast

Shoreham Capital Sells 175-Unit Build-to-Rent Community Near Orlando

by Channing Hamilton

POINCIANA, FLA. — Shoreham Capital has sold The Preserve at Poinciana, a 175-unit build-to-rent community currently under construction in the Orlando suburb of Poinciana. An unnamed state pension fund purchased the asset through a separate account managed by Heitman. The sales price was not disclosed. Tyler Swidler, Brett Moss and Matt Mitchell of Berkadia represented Shoreham Capital in the deal. The Preserve at Poinciana will feature three- and four-bedroom homes ranging 2,000 to 2,300 square feet in size. Amenities will include attached garages, a pool, green space, children’s playground, dog …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentFloridaNewsSoutheast

MG Developer Tops Off 559-Unit Metro Parc in Hialeah, Florida

by Channing Hamilton

HIALEAH, FLA. — MG Developer has completed the vertical construction of Metro Parc, a transit-oriented community in the Miami suburb of Hialeah. Upon completion, the property will comprise 559 units across two towers. Units will come in two-bedroom floor plans and range in size from 500 to 800 square feet. The property will also feature ground-floor retail space, including a Latin-inspired food marketplace. Metro Parc is the first phase of Metro Center, a mixed-use development that will comprise roughly 2.3 million square feet of multifamily and retail space. Metro Center …

Continue Reading
0 FacebookTwitterLinkedinEmail
TideLock in Alexandria, Virginia
DevelopmentFinanceNewsSoutheastVirginia

Kennedy Wilson Provides $96 Million to Construct Office-to-Residential Conversion Project in Alexandria, Virginia

by Channing Hamilton

ALEXANDRIA, VA. — Kennedy Wilson has provided a $96 million senior construction loan for the development of TideLock, an office-to-multifamily redevelopment project in Alexandria. The project will redevelop three existing office buildings into a mixed-use complex. Marshall Scallan, Michael Zelin, Bindi Shah and Nick Rangel of Cushman & Wakefield negotiated the financing on behalf of the borrowers, Community Three and Whitaker Investment Corp. Plans for TideLock include 169 residential units, as well as 65 condominiums and 7,000 square feet of commercial space. Construction is slated to begin immediately and complete …

Continue Reading
0 FacebookTwitterLinkedinEmail
Stanton Park Apartments in Atlanta
Affordable HousingDevelopmentGeorgiaNewsSoutheast

Woda Cooper, Parallel Housing Deliver Affordable Stanton Park Apartments in Atlanta

by Channing Hamilton

ATLANTA — Woda Coooper Cos. Inc. and Parallel Housing Inc. have delivered Stanton Park Apartments, a 56-unit affordable housing community in the Peoplestown neighborhood of Atlanta. Stanton Park offers 36 one-bedroom and 20 two-bedroom units, which are set aside for households earning 30 to 80 percent of the area median income. Ten units are reserved with project-based vouchers for tenants who experienced homelessness. The Fulton County Department of Behavioral Health and Developmental Disabilities has agreed to provide support service for the 10 voucher households for 10 years. Hooker DeJong designed the …

Continue Reading
0 FacebookTwitterLinkedinEmail
Industry Tallahassee in Tallahassee, Florida
FloridaLeasing & MarketingNewsSoutheast

Asset Living Takes Over Management of Industry Tallahassee in Tallahassee, Florida

by Channing Hamilton

TALLAHASSEE, FLA. — Asset Living has been awarded management of Industry Tallahassee, a community located at 440 N Monroe Street in Tallahassee. According to Apartments.com, the property comprises 248 apartments across six stories. Industry Tallahassee offers studio, one-, two- and three-bedroom floor plans. Units feature stainless-steel appliances and European-style cabinetry. Amenities include a pool, fitness area with a yoga room, grand lounge, co-working spaces and a dog park.

Continue Reading
0 FacebookTwitterLinkedinEmail
The Harlow in Tampa, Florida
DevelopmentFloridaLeasing & MarketingNewsSoutheast

Mast Capital Begins Pre-Leasing for The Harlow in Tampa, Florida

by Channing Hamilton

TAMPA, FLA. — Mast Capital has begun pre-leasing at The Harlow, a garden-style community in Tampa’s Wesley Chapel neighborhood. Located at 5101 Bruce B. Downs Blvd., The Harlow comprises 248 units on a 16-acre site. Mast Capital and Rockpoint collectively entered the Tampa market in November 2021 with the acquisition of the development site. Construction began in late 2022, and the property is slated to open in March. The Harlow offers one-, two- and three-bedroom units that range from 751 to 1,501 square feet in size. Amenities include a central …

Continue Reading
0 FacebookTwitterLinkedinEmail
Madison Oglethorpe in Savannah, Georgia
DevelopmentFinanceGeorgiaNewsSoutheast

Madison Communities Secures $35.5 Million in Construction Financing for Madison Oglethorpe in Savannah, Georgia

by Channing Hamilton

SAVANNAH, GA. — Madison Communities, the multifamily development affiliate of Madison Capital Group, has secured a $35.5 million loan for the construction of Madison Oglethorpe in Savannah. United Bank provided the financing. Forum Investment Group has also provided preferred equity for the development. The garden-style community will offer 240 units, as well as amenities including a clubhouse and lounge with coworking space, fitness center, outdoor lounge, pool, grilling stations and a fire pit. The project is slated to deliver in late 2025. SGA|NW is the architect. BenCo Construction, an affiliate …

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