CHARLOTTE, N.C. — Lucern Capital Partners has sold Thompson Place Apartments in Charlotte for $8.35 million. The buyer was not disclosed. According to Apartments.com, the property was built in 1998. Units come in one-, two-, three- and four-bedroom floor plans. Amenities include a playground, pet play area and picnic spaces. Lucern Capital Partners previously acquired Thompson Place Apartments from a long-term family ownership group. The company executed a value-add plan for the community during its hold period.
WEST COLUMBIA, S.C. — JLL Capital Markets has arranged $21.8 million in bridge financing for Granby Oaks Apartments, a garden-style community in West Columbia. Thomas Didio, Gerard Quinn, Ward Smith and Michael Mataras worked on behalf of the sponsor, PAM Associates LLC, to secure the two-year, floating-rate loan through MF1 Capital LLC. Granby Oaks Apartments was built in 1973 and is situated directly west of downtown Columbia. The property features one, two- and three-bedroom units across 21 buildings. Amenities include a dining room, clubhouse, laundry facility, courtyard and pool.
MYRTLE BEACH, S.C. — Harbor Group International has purchased Artisan Carolina Forest, a 276-unit community in Myrtle Beach, for $64.4 million. Northmarq’s John Currin and Andrea Howard brokered the transaction. Artisan Carolina Forest was built in 2022. The community offers amenities such as a pool with a TV lounge and cabanas, a dog park, EV charging stations, a fitness center with a yoga room and co-working spaces.
JACKSONVILLE, FLA. — American Landmark Apartments has acquired The Wimberly at Deerwood, a 322-unit property in the Deerwood neighborhood of Jacksonville. The community was built in 2000 and offers one-, two- and three-bedroom floor plans. American Landmark plans to renovate all units with granite countertops, new kitchen backsplashes, new cabinet faces, smart technology and new plumbing and lighting fixtures. American Landmark will also upgrade the community’s clubhouse, fitness center, and pool, as well as add EV charging stations and package lockers. Exterior renovations will include upgraded roofs, landscaping and exterior …
ATLANTA — Greystone Monticello has provided a $60.2 million bridge loan and an $8 million mezzanine loan to refinance The Irby, a high-rise building in Atlanta’s northern Buckhead district. Greystone Commercial Capital originated the financing. The Irby was built in 2020 and is owned by an affiliate of Lone Star Funds. The property comprises 277 apartments across twelve stories, as well as 15,000 square feet of retail space. Units come in studio, one- and two-bedroom floor plans. Amenities include a pool, courtyard with fire pit and grilling station, an athletic …
FAIRFAX, VA. — JLL Capital Markets has arranged the sale of Arbors at Fair Lakes, a 282-unit, value-add community in Fairfax. Stockbridge sold the property to GID for $85.6 million. Bret Thompson and Robert Jenkins led the Capital Markets Investment Sales Advisory team that brokered the deal. Arbors at Fair Lakes was built in 1987. The property features one-, two- and three-bedroom units with in-unit washers and dryers, patios and balconies, fireplaces and walk-in closets. Amenities include a fitness center, pool, business center, tennis court with a perimeter running track, …
ARLINGTON, VA. — Penzance has acquired Jasper Columbia Pike in Arlington for an undisclosed price. Chris Doerr, Will Harvey and Shack Stanwick of Northmarq’s Mid-Atlantic investment sales team brokered the deal. Jasper Columbia Pike offers 269 units in studio, one- and two-bedroom floor plans. Amenities include a golf simulator room, pool with cabanas, outdoor courtyard with barbeque grills, pool and shuffleboard tables, a clubhouse, business center and a fitness center with cardio and strength training equipment.
CASSELBERRY, FLA. — Blaze Capital Partners has purchased Integra Lakes, a 203-unit community in the northeast Orlando suburb of Casselberry. The community was built in 2017 and comprises four buildings. Units come in studio, one-, two- and three-bedroom floor plans. Amenities include a pool and an outdoor cabana area with a fire pit, barbeque grills and TVs. Blaze Capital Partners plans to renovate the community with updates to unit interiors and common areas.
ASHBURN, VA. — A partnership between American Real Estate Partners (AREP) and GreenBarn Investment Group has acquired a development site in the Northern Virginia city of Ashburn, approximately 30 miles west of Washington, D.C. Dream Finders Homes sold the property to the partnership for $120 million. The site is approved for the construction of 200 build-to-rent homes. The community will be called CityHouse Ashburn Station. According to the property website, CityHouse Ashburn Station will offer three-bedroom units with an average size of 2,000 square feet. Amenities will include sports courts, …
COLUMBUS, OHIO — Columbus-based Woda Cooper Cos. has secured $67 million in low-income housing tax credits (LIHTC) to support the financing for five affordable housing communities in the Southeast and Midwest U.S. The North Carolina Housing Finance Agency allocated $1.2 million to Pender Crossing, a 48-unit development to be built in Wilson, North Carolina. Pender Crossing will offer one-, two- and three-bedroom units across three buildings. TightLines Designs, headquartered in Raleigh, North Carolina, is the architect for the development. Woda Cooper is partnering with the Keweenaw Bay Indian Community to …