Southeast

Aureum-Franklin
DevelopmentNewsSoutheastTennessee

EMBREY Breaks Ground in Franklin, Tennessee

by Lynn Peisner

FRANKLIN, TENN. — EMBREY has closed on financing, provided by Texas Capital, and begun construction of Thatcher at Aureum, located in the 22-acre Aureum mixed-use development in the Nashville suburb of Franklin. This marks San Antonio-based EMBREY’s fourth multifamily project in Franklin. Completion is slated for the third quarter of 2027. The 296 studio-to-three-bedroom floor plan options will be offered along with amenities such as a clubhouse with workspaces, a resort-style pool and a hot tub, a rooftop terrace, fitness and yoga studios, a 24-hour package room with refrigeration, bike …

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Residences-on-16th-Naples
FloridaInvestment SalesNewsSoutheast

Sharp Key Capital Buys Naples Asset for $12.5 Million

by Lynn Peisner

NAPLES, FLA. — Sharp Key Capital has acquired Residences on 16th in Naples from Opus Reserve LLC for $12.5 million. Marcus & Millichap’s Sam Ferguson, Ned Roberts and Jason Hague represented Opus in the transaction. Residences on 16th is located at 5194 16th Place Southwest on a 5-acre site comprising 16 two-story buildings. The 63-unit community offers primarily two-bedroom apartments, with one three-bedroom unit and one studio. Recent capital improvements include kitchen and bathroom upgrades in most of the units and a new roof that was installed in 2019.

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Glenbrooke-Sarasota
FloridaInvestment SalesNewsSoutheast

Franklin Street Arranges Sale of Glenbrooke in Sarasota, Florida

by Lynn Peisner

SARASOTA, FLA. — Trinity Property Group has acquired Glenbrooke Apartments in Sarasota for $10.8 million. The seller was an entity doing business as RGMD LLC. Franklin Street arranged the sale, representing the buyer in the transaction. The 40-unit property was built in 1994. Trinity is planning interior renovations for about half the property as well as upgrading amenities and curb-appeal details during its hold period. The property features a pool, gazebo and a clubhouse.

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Roberto-Pesant
Company NewsFloridaNewsSoutheast

Cushman & Wakefield Hires Roberto Pesant to South Florida Team

by Lynn Peisner

MIAMI — Cushman & Wakefield has hired Roberto Pesant as executive managing director. Pesant will focus on institutional multifamily investment sales and multifamily land transactions in South Florida. Pesant has more than 20 years of experience in Florida commercial real estate, most recently as senior managing director with Berkadia. Pesant joins Cushman & Wakefield’s existing Florida multifamily team led by Vice Chairs Nick Meoli and Mike Donaldson.

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Plat4-Durham
ColoradoFinanceNewsNorth CarolinaSoutheastWestern

Buckingham Cos. Secures $110 Million ReFi for Two Newly Built Assets

by Lynn Peisner

DURHAM, N.C., LOVELAND, COLO. — Walker & Dunlop has arranged a $110 million refinancing for Buckingham Cos., an Indianapolis-based real estate investment firm. The sponsor will use the financing, consisting of two floating-rate bridge loans, to refinance existing construction loans on two properties, Plat 4 at Research Triangle in Durham and Plat 10 at the Ranch in Loveland. Both properties were delivered in 2024. Plat 4 at Research Triangle is a 24-unit community consisting of six buildings. Plat 10 at the Ranch is a seven-building complex with 353 units. Walker …

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wood-partners-orlando
DevelopmentFloridaNewsSoutheast

Wood Partners Breaks Ground on Attainable Housing in Orlando

by Lynn Peisner

ORLANDO, FLA. — Wood Partners has begun construction of The Edgewater, a 328-unit community in Orlando. Fifty-six of the units will directly overlook Lake Fairview. The asset is part of Wood Partners’ attainable housing initiative. According to the company, cost savings achieved by selecting suburban sites rather than urban locations and producing an efficient design allow for a lower price point for renters. The Edgewater will feature a mix of one-, two- and three-bedroom units. The Atlanta-based developer did not disclose the project team, construction timeline or rental rates.

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Astor-Sound-at-Lake-Worth
BerkadiaDevelopmentFinanceFloridaNewsSoutheast

Berkadia Arranges Bridge Financing for Lake Worth, Florida, Project

by Lynn Peisner

LAKE WORTH, FLA. — Berkadia has arranged a $57 million loan on behalf of Midtown Capital Partners. The pre-TCO (temporary certificate of occupancy) loan was funded by Infinity Collective and will be used to refinance the existing construction loan on Astor Sound at Lake Worth. The 230-unit community, which is nearing completion, will consist of four residential buildings and a clubhouse on a 6.5-acre site next to a canal. Amenities include a resort-style pool and pavilion with an outdoor kitchen, a fitness center, a dog park and spa, coworking space, …

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Clear-Lake-Townhomes-Pooler
DevelopmentFinanceGeorgiaNewsSoutheast

Joint Venture Secures $38.7 Million in Construction Financing for Pooler Project

by Lynn Peisner

POOLER, GA. — 360 Communities, an affiliate of Freehold Capital Management and Rockpoint, has secured a $38.7 million construction loan to develop Clear Lake Reserve, a rental townhome community in Pooler, 10 miles west of Savannah. JLL arranged the floating-rate, three-year loan through Western Alliance Bank. The 199-unit community will include three- and four-bedroom floor plans, each with an attached, two-car garage, private driveway and covered porch. Amenities will include a resort-style pool, a fitness center, basketball and pickleball courts, a clubroom, a brick fire pit, a dock overlooking a …

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Carrollton-Flats
Affordable HousingDevelopmentFinanceGeorgiaNewsSoutheast

R.H. Ledbetter Secures Equity for $49 Million Atlanta Metro Workforce Project

by Lynn Peisner

CARROLLTON, GA. — R.H. Ledbetter Properties, a development, investment and property-management firm based in Rome, Georgia, has secured $15 million in equity to put toward its $49 million project in Carrollton. The equity was provided by American South Capital Partners (ASCP), a joint venture between Los Angeles-based impact fund manager SDS Capital Group and Vintage Realty Co., a Shreveport, Louisiana-based property developer and manager. While the property, Carrollton Flats, is not being developed with traditional tax credits, it is billed as offering “attainable” rents.  ASCP’s fund has, to date, committed …

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District-in-Davie
DevelopmentFinanceFloridaNewsSoutheast

El-Ad Secures $85 Million for Broward County Mixed-Use Project

by Lynn Peisner

DAVIE, FLA. — El-Ad National Properties has secured an $85 million construction loan for The District in Davie, a $1 billion, 2.8-million-square-foot mixed-use development currently under construction in Davie. According to the developer, the financing, provided by Valley National Bank, will enable vertical construction to continue. The project will feature five residential towers ranging from 21 to 24 stories containing approximately 1,292 rental residences, 36,000 square feet of restaurant and retail space and 1.1 million square feet of access-controlled parking with 2,650 spaces. Each tower will offer studios and one-, …

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