BETHESDA, MD. — Walker & Dunlop has arranged a $192 million Freddie Mac loan on behalf of Cortland, an Atlanta-based investment, development and property management firm. Cortland will use the funds to refinance mortgages of three properties: Cortland at the Hammocks I and II in Miami, Huntington Glen in Dallas and Cortland Congress Park in Denver. Together, the properties comprise 1,137 units. Across all three assets, Cortland has executed a capital improvement program, investing in interior and exterior upgrades to reposition the communities. The Walker & Dunlop capital markets team was …
COLORADO SPRINGS, COLO. — Thompson Thrift has announced plans to develop Venture on Venetucci in Colorado Springs. The 336-unit property is estimated to be complete by March 2027. Located at 4446 Venetucci Blvd., the 16.5-acre Venture on Venetucci will feature one-, two- and three-bedroom floor plans. Unit and community highlights include private yard options, detached garages, full-size washers and dryers, high-speed internet access, an Amazon package hub, a heated pool, a 24-hour fitness center, a pickleball court, a dog park and coworking space. Indianapolis-based Thompson Thrift has developed 12 properties in …
SHERMAN OAKS, CALIF. — Walker & Dunlop has arranged $625 million in fixed-rate Freddie Mac loans on behalf of Sherman Oaks-based IMT Capital. The company is refinancing eight garden-style properties in six metros — San Diego, Los Angeles, Denver, Atlanta, San Francisco and Nashville, Tennessee. The portfolio is comprised of 3,096 units. Walker & Dunlop’s team was led by Cory Wizenberg, Matt Wallach, Stephen West, Walker Layne, AJ Wright and Sebastian Tamayo.
DENVER — Crescent Communities has opened NOVEL Uptown in Denver. The five-story community includes 261 apartments in a mix of studio, one-bedroom and two-bedroom layouts. Corvus Coffee is a retail tenant at the project. BMO and Oxford Properties Group were financial partners. The construction and development team consisted of Tryba Architects (architecture), Kimley-Horn (civil engineering), Dig Studio (landscape architecture), ESG and Milender White (interior design and general contracting, respectively). Crescent Communities has been active in the past year in Colorado. NOVEL RiNo in Denver’s River North Arts District opened in …
DALLAS — The Federal Home Loan Bank of Dallas (FHLB Dallas) has awarded $73.5 million in affordable housing grants to 53 projects in Arkansas, Colorado, Louisiana, Mississippi, New Mexico and Texas. FHLB Dallas is part of the Federal Home Loan Bank System, which consists of 11 district Federal Home Loan Banks created in 1932 to provide capital for mortgage funding and support for community investment. FHLB Dallas annually returns at least 10 percent of its profits in the form of affordable housing grants to the communities served by its member …
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WinnResidential Tapped to Manage 28-Property Affordable Housing Portfolio
INDIANAPOLIS — WinnResidential has been retained by KCG Cos. to operate 28 of the Indianapolis-based developer’s properties. Winn assumed leadership of operations and property management of 4,147 units in July and is expected to be selected to manage future communities over the coming year. KCG-owned workforce and affordable housing communities are located in Colorado, Georgia, Maryland, New York, Ohio, South Carolina, Texas, Virginia and Wisconsin. The company’s portfolio is comprised of approximately 34 communities. WinnResidential is the property management division of Boston-based WinnCompanies.
LAKEWOOD, COLO. — Brixton Capital has acquired Whisper Creek in Lakewood, a Denver suburb, eight miles west of downtown. The Denver Business Journal reports that CWS Capital Partners sold the asset for $79.5 million. Built in 2002 by Fairfield Residential, Whisper Creek is a 272-unit community with a resort-style pool, 24-hour fitness center, a clubhouse, business center, grills, a pet park and a playground. Solana Beach, California-based Brixton has engaged Greystar to manage the property. Tony Nargi with JLL Capital Markets secured acquisition financing.
DENVER — JLL Capital Markets has arranged $37.1 million in construction takeout financing for Trail Partners’ Ridian Apartments in Denver. An insurance company’s debt fund was the floating-rate loan’s capital provider. Construction of Ridian was completed earlier this year. The property is comprised of 123 units in a mix of studios and one- and two-bedroom units as well as such amenities as a resort-style pool and hot tub, a rooftop lounge with mountain and city views, a fitness center, a clubhouse with coworking spaces, a covered garage parking, 24-hour security …
BOULDER — New York City-based investment firm Jonathan Rose Cos. has acquired San Juan del Centro Apartments in Boulder from Related Cos. for $56 million. Jeff Irish and Jordan Skyles from Berkadia Real Estate Advisors arranged the sale of the Section 8 and LIHTC property. Berkadia also provided an acquisition loan. Additionally, the capital stack included equity from the $660 million Rose Affordable Housing Preservation Fund VI. San Juan del Centro’s 150 units are reserved for families earning at or below 60 percent of area median income. Jonathan Rose Cos. …
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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