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Agora
FinanceNewsNortheastWashington, D.C.

Walker & Dunlop Arranges $106.3 Million Refinancing for WC Smith

by Lynn Peisner

WASHINGTON, D.C. — Walker & Dunlop has arranged a $106.3 million Fannie Mae loan for WC Smith to refinance construction debt on Agora, a 334-unit property developed in 2018 in Washington, D.C.’s Capital Riverfront area. Walker & Dunlop’s team was led by Brendan Coleman and Connor Locke. WC Smith developed Agora as the second phase of The Collective, which is home to two other multifamily properties: Park Chelsea with 429 units and The Garrett with 373 apartments and 5,000 square feet of coworking space. Amenities for the three communities include …

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Oxlley-Apartments
DevelopmentNewsOklahoma

Milhaus, Humphreys Capital Open Oxlley near Oklahoma City

by Lynn Peisner

EDMOND, OKLA. — Milhaus and Humphreys Capital have completed and opened Oxlley in Edmond 15 miles north of Oklahoma City. Located at 101 West Main St. in the historic downtown area, Oxlley features 276 units offered as studios or in one-, two- or three-bedroom floor plans. Amenities include a 24-hour fitness center, electric vehicle charging stations, conference rooms for remote workers, a dog park and a pet spa. The community does not have breed or weight restrictions on pets.

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Carmichael-Commons
Affordable HousingDevelopmentGeorgiaNewsSoutheast

Woda Cooper, Parallel Housing Deliver First Phase of $36.7 Million Affordable Housing Project in Madison, Georgia

by Lynn Peisner

MADISON, GA. — Woda Cooper Cos. and Parallel Housing opened Carmichael Commons in Madison on June 18. The $18.2 million, 60-unit townhome community is comprised of eight one-bedroom, 32 two-bedroom and 20 three-bedroom townhomes. Units are reserved for residents with household incomes up to 50 and 60 percent of area median income (AMI). Six units are offered at market rates without income restrictions. The developers also are underway constructing Prior Farms, an $18.5 million, 40-unit build-to-rent community on adjoining land. The two-phase project will include a new park developed by …

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Camden-Midtown
Investment SalesNewsTexas

Camden Property Trust Sells Midtown Houston Asset

by Lynn Peisner

HOUSTON — Camden Property Trust, a publicly traded REIT, sold Camden Midtown to Bow River Capital for an undisclosed amount. JLL Capital Markets arranged the sale and financing of the 337-unit, three-story community in Houston. Camden Midtown was built in 1999 and features pools, 24-hour fitness centers, a pet park and a direct-access parking garage. Units include granite countertops, stainless steel appliances and wood-style flooring. Some feature private patios with attached garages in select townhome units. JLL Capital Market’s investment sales and advisory team was led by Dustin Selzer, Jett …

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Inspire-Prairie-Springs
DevelopmentMidwestNewsWisconsin

Bond Cos. Breaks Ground on Garden-Style Community Near Kenosha, Wisconsin

by Lynn Peisner

PLEASANT PRAIRIE, WIS. — Bond Cos. has broken ground on Inspire Prairie Springs in Pleasant Prairie, seven miles west of Kenosha, Wisconsin. The first phase of the project will be complete in 2027 and will include 332 units across three residential buildings and an amenity clubhouse. RINKA is the architect, and Stevens Construction Corp. is the general contractor. The three-story, garden-style buildings will feature a mix of studio, one-, two- and three-bedroom layouts ranging from 500 to 1,405 square feet. In each elevator-served building, residents will have access to a …

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CBRE_Yorktown
CaliforniaInvestment SalesNewsWestern

CBRE Arranges Huntington Beach Sale

by Lynn Peisner

HUNTINGTON BEACH, CALIF. — CBRE has arranged the $7.4 million sale of the 18-unit Yorktown Apartments in Huntington Beach. CBRE’s Dan Blackwell and Mike O’Neill represented the Newport Beach-based private seller, who was in a 1031 exchange, and the all-cash private buyer, also from Newport Beach. According to CBRE, Yorktown hasn’t traded hands for 30 years. The property comprises one studio and 17 two-bedroom units across two buildings constructed in 1973 and 1974. The 0.7-acre site includes a community courtyard, picnic area and private patios or balconies in select units, …

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Alta-River-Park
DevelopmentNewsTexas

Wood Partners Breaks Ground in Fort Worth

by Lynn Peisner

FORT WORTH, TEXAS — Wood Partners has broken ground on Alta River Park in Fort Worth. Development of the 365-unit community will be complete by spring 2027. Units will be offered as studios or one-, two-, or three-bedroom floor plans. Amenities include a resort-style pool, pet facilities, a pickleball court, outdoor activity space, bike storage, a sky deck and direct trail access to the Trinity Clearfork trail system, which is an interconnected network of hiking trails spanning approximately 100 miles.

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Paradise-Gardens-Dallas
Affordable HousingDevelopmentFinanceNewsTexas

LEDG Closes Financing to Preserve and Renovate Dallas Affordable Housing

by Lynn Peisner

DALLAS — LEDG Capital has secured the financing necessary to convert an existing mixed-income property to an all-affordable community and to complete a $5.2 million renovation. Under the plan, the 90 market rate units at Paradise Gardens will be converted to affordable housing for 30 years under a Low-Income Housing Tax Credit agreement, while the Housing Assistance Payment contract protecting the remaining 23 units, which was due to expire in May 2025, will be renewed for 20 years. Under the new rent and income restrictions, apartments will be affordable to households …

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Presidium-Tech-Ridge-Austin
DevelopmentNewsTexas

Development Wraps on Austin’s Presidium Tech Ridge

by Lynn Peisner

AUSTIN, TEXAS — Locally based developer Presidium has completed construction of Presidium Tech Ridge in Northeast Austin. The 358-unit community was built on 14 acres, 4 of which were preserved as park land with access to a spring-fed creek and walking trails. Humphreys & Partners was the architect. The community was designed to serve workers in the tech industry, representing about 16 percent of the metro area’s workforce, according to the Austin Chamber. Sustainable features include a centralized hot-water system meant to reduce energy usage, thermal windows, energy-saving appliances, electric-vehicle …

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Eden-Heritage-Lakes
Build-to-RentFinanceFloridaNewsSoutheast

JLL Capital Markets Arranges $114 Million in Construction Takeout Loans for EDEN Living

by Lynn Peisner

WEST MELBOURNE AND JACKSONVILLE, FLA. —  JLL Capital Markets has arranged $114 million in bridge loans on behalf of BTR developer EDEN Living to refinance existing construction debt on two properties. The package includes a $70 million loan for the 373-unit EDEN at Heritage Lakes in West Melbourne and a $44 million loan for the 265-unit EDEN at Kendall West in Jacksonville. The direct lender of the construction takeout loans was not disclosed. Both properties were developed in 2024. JLL Capital Market’s Debt Advisory team representing the borrower was led by …

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