Southeast

Prose New Hope in Raleigh, N.C.
DevelopmentNewsNorth CarolinaSoutheast

Alliance Residential Opens Prose New Hope in Raleigh, North Carolina

by Channing Hamilton

RALEIGH, N.C. — Alliance Residential Co. has opened Prose New Hope, a 344-unit community in northeast Raleigh. Prose New Hope offers one- and two-bedroom units with features such as granite countertops, stainless steel appliances, chrome plumbing fixtures and plank flooring. Amenities include a clubroom with an entertainment kitchen, pool with two outdoor grill stations, business center, fitness center and package lockers. The design team for the project includes architect Cline Design Associates and engineer McAdams, both locally based.

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Champion Townhomes in Davenport, Florida
FloridaInvestment SalesNewsSoutheast

First National Realty Partners Acquires Champion Townhomes in Davenport, Florida

by Channing Hamilton

DAVENPORT, FLA. — First National Realty Partners has acquired Champion Townhomes, a 132-unit townhome-style community in Davenport. Davenport is a city in central Florida, approximately 40 miles from Orlando and 16 miles from Winter Haven, Florida. The deal was co-sponsored by Southport Financial. Champion Townhomes offers two- and three-bedroom floor plans and community amenities such as a pool, dog park, in-unit washers and dryers and personal garage spaces. Each unit will feature granite countertops, wood and tile flooring, double sink vanities, and energy-saving double-pane windows.

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DevelopmentFloridaNewsSoutheast

Thompson Thrift to Develop The Quinn in Pensacola, Florida

by Channing Hamilton

PENSACOLA, FLA. — Thompson Thrift will develop The Quinn, a 324-unit community in Pensacola. The Quinn will comprise nine garden-style apartment buildings across 18 acres. Each building will rise three stories. Units will come in one-, two-, and three-bedroom floor plans. Amenities will include a clubhouse, a fitness center, a pool with grilling areas, fire pits, cabanas, a turf area for outdoor exercise or yard games, pickleball courts and a dog park with pet spa. Construction will begin later this month, with completion set for late 2024.

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Longitude 81 Apartments in Estero, Florida
FloridaInvestment SalesNewsSoutheast

ECI Group Acquires Longitude 81 Apartments in Estero, Florida

by Channing Hamilton

ESTERO, FLA. — ECI group has purchased Longitude 81 Apartments, a townhome-style community in the south Florida village of Estero, for an undisclosed price. The property was built in 2016 and comprises 260 units across 11 buildings. Units come in studio, one-, two- and three-bedroom layouts. Amenities include a clubhouse, pool, fitness center, pet play area and car wash area. The 18-acre community will be rebranded as Waterline Estero.

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FloridaInvestment SalesNewsPeople NewsSoutheast

NAI Hallmark Hires Buck Poderski as Vice President, Multifamily Investment Sales

by Channing Hamilton

JACKSONVILLE, FLA. — NAI Hallmark has selected Buck Poderski as Vice President of Multifamily Investment Sales. In this role, Poderski will direct the company’s growth outside of Jacksonville into markets across North and Central Florida. Prior to joining NAI Hallmark, Buck served as a Managing Director at GREA in Dallas, where he focused exclusively on value-add multifamily sales. He earned two bachelor’s degrees from the University of North Florida in Economics and Finance. 

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Millspring Commons Apartments in Richmond, Virginia
Investment SalesNewsSoutheastVirginia

RailField Acquires Millspring Commons Apartments in Richmond, Virginia

by Channing Hamilton

RICHMOND, VA. — RailField has purchased Millspring Commons Apartments, a 159-unit townhome-style community in Richmond, for an undisclosed price. Amenities at the community include a clubhouse with a fitness center, pool, outdoor exercise area, outdoor kitchen and grilling area, playground and dog park. RailField purchased the property on behalf of its RLM Preservation Fund, which focuses on preserving affordable and workforce housing. The firm plans to renovate both the common areas and apartment interiors.

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FloridaInvestment SalesNewsPeople NewsSoutheast

CBRE Adds Multifamily Investment Sales Team to Miami Office

by Channing Hamilton

MIAMI, FLA. — CBRE has added a multifamily investment sales team to expand the firm’s presence in Central and North Florida. The team joins CBRE from Cushman Wakefield, and comprises Denny St. Romain (vice chairman), Jubeen Vaghefi (vice chairman), Charles Crapse (senior vice president), Alex Kupp (first vice president) and Scott Peek (first vice president). The team — which will be led by St. Romain and Vaghefi — will focus on institutional multifamily sales, land development sales, structured debt and equity finance and private capital sales.

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Hollywood Nine in Hollywood, Florida
DevelopmentFloridaInvestment SalesNewsSoutheast

FundRebel to Acquire Nine Hollywood in Hollywood, Florida for $67 Million

by Channing Hamilton

HOLLYWOOD, FLA. — FundRebel LLC, a real estate investment platform based in New York City, has entered into contract to acquire Nine Hollywood for $67 million. Nine Hollywood is a 36,000-square-foot mixed-use development in the Miami, Florida suburb of Hollywood. The property includes 204 rental units in studio, one- and two-bedroom layouts, as well as three levels of integrated parking and 7,000 square feet of ground-floor retail space. Amenities include a pool, a fitness center and business suites. The asset is currently under construction and is set for completion in the …

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Company NewsDevelopmentFloridaNewsSoutheast

New Joint Venture to Develop $500 Million Community in Miami, Florida

by Channing Hamilton

MIAMI, FLA. — Lest Group and Opportunity Fundo de Investimento Imobiliário (Opportunity) have formed a new real estate development company, LORE Development Group (LORE). Leste Group is a global independent alternative investment manager. Opportunity is a private investment firm based in Rio de Janeiro, Brazil. The first property to be developed by LORE is a 500-unit community trendy Brickell district. The $500 million project will comprise 442,000 square feet, including 2,000 square feet of ground floor retail. The firm plans to construct more than $1 billion in multifamily projects over …

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GroveParc Townhomes in Wesley Chapel, Florida
Build-to-RentDevelopmentFinanceFloridaNewsSoutheast

ResiBuilt Secures $38 Million in Construction Financing for BTR Community Near Tampa

by Channing Hamilton

WESLEY CHAPEL, FLA. — ResiBuilt has received $38 million in construction financing for GroveParc Townhomes, a 190-unit, build-to-rent development located in the Tampa, Florida suburb of Wesley Chapel. Max La Cava, Matthew Putterman and Drew Jennewein of JLL Capital Markets secured the loan through a regional bank. GroveParc Townhomes will offer three- and four-bedroom townhome units with garages and backyards. Amenities include gated access, a clubhouse, pool, fitness center, playground dog park, pickleball courts and a lakeside trail. The project is expected to be completed in January 2025.

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