BOCA RATON, FLA. — Newmark has arranged a refinancing loan on behalf of Grand Peaks for The Seven at West Boca. Denver-based Grand Peaks acquired the 448-unit community in 2024. PGIM was the lender, with Danny Matz, Roberto Salcedo, Matthew Williams and Robert Wright heading up Newmark’s team. The Seven at West Boca is situated on a 37-acre site and was constructed in 1988. The property includes six two- and three-story residential buildings, a clubhouse and a maintenance building. Amenities include two pools, a fitness center, barbecue areas, tennis courts …
Southeast
Woda Cooper and Partners Break Ground on $39M Livewell Terrace in Bluffton, South Carolina
BLUFFTON, S.C. — Beaufort Memorial and Woda Cooper Cos. have begun construction of Livewell Terrace, a 120-unit affordable housing community in Bluffton, 23 miles northeast of Savannah, Georgia. The project consists of a mix of one-, two- and three-bedroom units rented at monthly rates ranging from $700 to $1,725. Amenities will include a business center, fitness facility, playground and community park. Livewell Terrace is being constructed on 7 acres of land provided by Beaufort Memorial, a nonprofit hospital system. The community is intended to serve healthcare workers. The $39 million …
BUFORD, GA. — Vida Cos. has closed on financing for the construction of Carrena, a ground-up development in in the northern Atlanta suburb of Buford. The 289-unit Carrena is the first of three planned projects supported by capital from the $47 million, still-open Vida Opportunities Fund. Carrena will be comprised of four-story buildings served by elevators and such amenities as a saltwater pool, fitness center with yoga facilities, piano lounge, rooftop deck and lounge and a nature trail. The community will include one-, two- and three-bedroom floor plans. The design …
CHESAPEAKE, VA. — Bonaventure has broken ground on Attain at Greenbrier, a 268-unit community in Chesapeake’s Greenbrier submarket. The $74.5 million development is part of the Alexandria, Virginia-based investment and development firm’s Attain portfolio. Delivery is slated for late 2027. The site, previously home to a commercial call center, was acquired and rezoned by Bonaventure in 2022. The Greenbrier community will consist of three four-story buildings containing a mix of one-, two- and three-bedroom units averaging 1,037 square feet. Marlyn Development Corp. is serving as the general contractor, RBA is …
BETHESDA, MD. — Walker & Dunlop has arranged approximately $223 million in bridge financing for five communities across the Southeast on behalf of Charlotte, North Carolina-based Madison Capital Group. The bridge loans will refinance existing debt for five properties (1,345 units) in Florida and the Carolinas. Walker & Dunlop arranged the loans with multiple debt fund lenders. A team led by Walker Layne, Austin Sneed and Tyler Evenson closed the five refinancings over the past nine months. The portfolio includes: The Caroline in Indian Land, South Carolina; Madison Shores in …
CARY, N.C. — Mesa West Capital has provided a $29.7 million loan for Addison, Texas-based McDowell Properties’ acquisition of The Ellery of Cary, a 194-unit property in Cary. The financing was arranged by Trevor Brotman, Tricia Linden, and Kara Profitt out of Walker & Dunlop’s Irvine, California, office. Built in 1988 on approximately 19 acres, The Ellery of Cary offers a mix of one- and two-bedroom floor plans averaging 875 square feet. Units feature stainless steel appliances, laminate flooring, walk-in closets, private balconies and in-unit washers and dryers. Amenities include …
South Carolina Acquisition Takes Waverly Place from Market-Rate to Affordable Housing
NORTH CHARLESTON, S.C. — A joint venture comprised of McLean, Virginia-based KETTLER and The Stillman Group of Scarsdale, New York, has sold Waverly Place, a 276-unit community in North Charleston. The buyer was the Charleston Workforce Housing Fund, an impact fund led by Charlotte, North Carlonia-based Ascent Housing in partnership with Housing Collaborative, a Charleston-based affordable housing nonprofit. The acquisition is part of a citywide initiative to expand affordable and workforce housing across the region. According to The Post and Courier, the asset sold for approximately $41 million. Newmark’s Alex …
By Alfonso Costa Jr. As the federal Opportunity Zone (OZ) program evolves into a permanent “OZ 2.0” framework, with new OZ census tracts taking effect Jan. 1, 2027, states like Florida are moving quickly to shape where capital flows by launching online portals. For developers, investors, business owners and local officials, understanding how these rules are changing and how to engage in state-level nomination processes will be critical to harnessing tax-advantaged equity while deploying it into projects that deliver long-term community benefit. Opportunity Zones 2.0 Brings More Flexibility and a …
BRUNSWICK, GA. — Material Capital Partners has begun leasing at River Ford, a 170-unit build-to-rent community in Brunswick. Located on approximately 28 acres on Canal Road, River Ford’s rental homes feature quartz countertops, stainless steel appliances, smart home technology, private patios and fenced backyards. Amenities include a clubhouse with a fitness center and coworking space as well as a resort-style pool, two lakes with a fishing dock, a dog park, playgrounds, a trail system and landscaped green spaces throughout the property. Greystar is managing the community.
Berkadia Arranges $82.1M Refinancing for Crescent Communities’ Render Legacy Trail in Sarasota County
NOKOMIS, FLA. — Berkadia has arranged an $82.1 million refinancing loan for Render Legacy Trail, a 450-unit property that borrower Crescent Communities completed in 2024. Berkadia D.C. Metro’s Patrick McGlohn, Brian Gould, Hunter Wood, Natalie Hershey and Patrick Cunningham arranged the financing through lender Benefit Street Partners. Render Legacy Trail is situated on approximately 18 acres at 15560 Render Way. The property offers a mix of one-, two- and three-bedroom floor plans. Amenities include a resort-style saltwater pool with cabanas, outdoor grilling and dining areas, a clubroom with coffee bar, …