FORT LAUDERDALE, FLA. — Greystone Housing Impact, an affiliate of Greystone and general partner of Greystone Housing Impact Investors (NYSE: GHI), has selected Jason Kaye as a managing director. In this role, Kaye will focus on originating and structuring tax-exempt loan and bond financing transactions for affordable multifamily and Low-Income Housing Tax Credit properties. Kaye will be based out of Fort Lauderdale and will report to Kenneth Rogozinski, CEO of Greystone Housing Impact Investors. Prior to joining Greystone Housing Impact, Kaye served as a senior vice president at Regions Bank …
MARIETTA, GA. — Walton Communities has secured $45 million HUD-insured loan for the refinancing of Kinstone Columns Drive, a 384-unit community in Marietta, a northern suburb of Atlanta. Brandon Baksh and Karnveer Bal of Dwight Capital originated the loan, which features a 25-basis-point Green Mortgage Insurance Premium. Kinstone Columns Drive comprises 29 three-story buildings, three townhomes, two pool bathhouses, and a leasing office and clubhouse across 30.5 acres. Amenities include a fitness center, business center, playground, tennis court, walking trail, picnic area, sports courts and two pools.
GERMANTOWN, TENN. — A joint venture between Passco Companies and Avenida Partners has secured $24.1 million to refinance Avenida Watermarq, a lakefront 161-unit building in Germantown, which is an eastern suburb of Memphis, Tennessee. Knighthead Funding provided the loan. Avenida Watermarq offers one- and two-bedroom floor plans across four stories. The community includes amenities such as a fitness center, library, courtyard, swimming pool, grill area, game room, pet park, theater, art studio and detached garages.
DECATUR, GA. — EDENS has changed the name of North Dekalb Mall to Lulah Hills. The rebrand is part of the developer’s plan to redevelop the mall into a 73-acre mixed-use community in the eastern Atlanta suburb of Decatur. According to EDENS, the name Lulah Hills is based on landscape architect Frederick Olmstead’s original naming concept for the Druid Hills residential suburb. The North DeKalb Mall originally opened in 1965. EDENS acquired the property in 2021, and the DeKalb County Board of Commissioners approved the rezoning of the site in …
FORT MILL, S.C. — Knightvest Capital has acquired The Apartments at Brayden, a 332-unit garden-style community in Fort Mill, for an undisclosed price. Fort Mill is a southern suburb of Charlotte, North Carolina. The Apartments at Brayden was built in 2016 and offers one-, two- and three-bedroom floor plans. Community amenities include a swimming pool, fitness center and clubhouse. The acquisition is Knightvest Capital’s fifth investment in the Charlotte metropolitan area since 2020.
CHARLOTTE, N.C. — RangeWater Real Estate has closed on 3.8 acres to develop The Kingsman, a 350-unit community in Charlotte’s Lower South End neighborhood. The property will offer studio, one-, two- and three-bedroom floor plans ranging from 543 to 1,519 square feet. Community amenities will include a dog park with a spa, pool, clubroom, co-working space, a grilling area, a fitness center and a sky lounge. RangeWater will break ground on The Kingsman in May, with move-ins set to begin in April 2025.
FORT LAUDERDALE, FLA. — Berkadia has arranged the $51.5 million refinancing of The Village at Eastpointe Apartments in Fort Lauderdale on behalf of R.O.I. Capital, a commercial real estate investment company based in Fort Lauderdale. Freddie Mac provided a $42.5 million, five-year, fixed-rate loan. The preferred equity provider, RCG Longview, contributed $8.96 million in equity to the deal. The 296-unit property was developed in 1974 and renovated in 2022. Units are offered in one- and two-bedroom floor plans ranging from 750 to 950 square feet. Amenities include a fitness center, …
BRADENTON, FLA. — Wolfson BTR, an affiliate of Wolfson Development Co., has sold Cantabria in Bradenton to an institutional buyer for $59 million. According to the Florida Division of Corporations, the buyer is Star Lake Fund III, an affiliate of JP Morgan Investment Management. Wolfson built Cantabria Bradenton in conjunction with publicly traded home builder Lennar. The property sits on 36 acres and consists of 184 units, including 172 attached townhomes and 12 detached single-family homes. The three- and four-bedroom single-family and townhouse units are equipped with attached garages and …
CLARKSVILLE, TENN. — Timberland Partners has acquired Addison at Rossview from an undisclosed local developer for $40 million. Northmarq’s David Stollenwerk and Bryan Schellinger represented the seller. Daniel Trebil and Jesse Lemos secured acquisition financing in the form of a 10-year fixed rate loan on behalf of the buyer. Addison at Rossview is a 205-unit property in Clarksville, which is 50 miles northwest of Nashville, Tennnessee. Built in 2016, the property offers one-, two- and three-bedroom floor plans. Amenities include a pool with a grilling area, dog park playground, coffee …
TAMPA, FLA. — Cushman & Wakefield has arranged the $26.6 million sale of Grove at Temple Terrace in Tampa. The 180-unit property was acquired by Infinity BH and sold by 29th Street Capital. Nick Meoli and Mike Donaldson of Cushman & Wakefield represented the seller in the transaction. According to Meoli, lease tradeouts at Grove at Temple Terrace average 17.4 percent. The average unit size is 1,104 square feet. Amenities include a pool, a tennis court, a clubhouse with a complimentary coffee bar and gated access.