News

Berkadia Arranges $17.7M Sale of Ivy Gates in Petersburg, Virginia

by Lynn Peisner April 22, 2026

PETERSBURG, VA. — Greencove Group has sold Ivy Gates in Petersburg, about 30 miles south of Richmond, Virginia, to CCM for $17.7 million. SYM Properties has been named manager of the community under the new ownership. Drew White, Carter Wood, Matt Straughan and Cole Carns of Berkadia Richmond arranged the sale on behalf of the seller. Located at 101 Ivy Lane, Ivy Gates features two- and three-bedroom tri-level townhome apartments ranging from approximately 1,369 to 1,677 square feet. Residences feature private entrances, patio areas, separate dining spaces, hardwood flooring and …

April 22, 2026

Berkadia Investment Sales News South Carolina

Marcus & Millichap Arranges $3.6M Sale of Myrtle Beach Asset

by Lynn Peisner April 22, 2026

MYRTLE BEACH, S.C. — Marcus & Millichap has arranged the sale of Chicora Apartments, a 34-unit community in Myrtle Beach. The asset traded for $3.6 million. Neither party to the transaction was named. Will Graves Jr., Ryan Lipomi and Carson Ford of Marcus & Millichap represented the seller. Built in 1963, the property is located at 501 38th Ave. North on a 1.9-acre lot. The community totals approximately 31,000 rentable square feet and includes one-, two- and three-bedroom apartments with an average unit size of 912 square feet.

April 22, 2026

Affordable Housing Development New York News Northeast

Construction Begins on 213-Unit Affordable Housing Community 570 Eldert Lane in Brooklyn

by Lynn Peisner April 22, 2026

BROOKLYN, N.Y. — Slate Property Group and Thorobird Cos., in partnership with Bangladeshi American Community Development & Youth Services (BACDYS), has begun construction of 570 Eldert Lane in Brooklyn. The project includes 213 units, 66 of which will be set aside for formerly homeless residents. The remaining units will be reserved for households earning up to 40 or 80 percent of area median income. Units are offered as one- through four-bedroom floor plans. The property was designed by Think! Architecture + Design PLLC. Upon completion, slated for summer 2028, the …

April 22, 2026

Affordable Housing Company News Finance Investment Sales News People News

Walker & Dunlop Expands LIHTC Team

by Lynn Peisner April 20, 2026

BETHESDA, MD. — Walker & Dunlop has hired Jack Hodgkins and Stacie Nekus to its Low-Income Housing Tax Credit (LIHTC) equity team. Hodgkins joins the Bethesda-based commercial real estate finance and advisory services firm as senior vice president and head of LIHTC credit, based in Denver. Nekus joins as senior managing director and head of business development for LIHTC investor relations, based in Pittsburgh. Hodgkins will lead LIHTC credit strategy and underwriting, while Nekus will lead business development efforts for Walker & Dunlop Affordable Equity’s LIHTC investor relations team.

April 20, 2026

Finance News North Carolina Southeast

NewPoint Provides $49M Loan to Evolve Cos.

by Lynn Peisner April 17, 2026

GREENVILLE, N.C. — NewPoint Real Estate Capital has provided a $49 million loan for the refinancing of Evolve at the Pines Apartment Homes, a 288-unit property in Greenville. North Carolina-based developer and property manager Evolve Cos. was the borrower. The bridge-to-agency loan was structured with a 24-month interest-only period to provide flexibility during lease-up. Evolve at the Pines opened earlier this year. It features amenities such as a saltwater pool, fitness center, clubhouse, dog park and electric vehicle charging stations.

April 17, 2026

Florida Investment Sales News Southeast

Berkadia Brokers Sale of Nova Central in Davie, Florida

by Lynn Peisner April 17, 2026

DAVIE, FLA. — Berkadia has arranged the sale of and financing for Nova Central, a 140-unit property in Davie, about 11 miles west of Fort Lauderdale, Florida. Jaret Turkell, Omar Morales and Yoav Yuhjtman of Berkadia South Florida led the transaction on behalf of the seller, Robbins Property Associates of Tampa, Florida. The property sold to Denver-based McDowell Properties. Josh Finley of Berkadia Atlanta and Matt Robbins of Berkadia Boca Raton, arranged an undisclosed amount of acquisition financing.

April 17, 2026

Illinois Investment Sales Midwest News

Marquette Buys Forest Pointe on Chicago’s North Shore

by Lynn Peisner April 17, 2026

LAKE BLUFF, ILL. — Marquette Cos. has acquired Forest Pointe in Lake Bluff, a village located on Chicago’s North Shore. Marquette also will manage the 236-unit property at 29533 Waukegan Road. The sales price and seller were not disclosed. Forest Pointe’s one- and two-bedroom apartments are situated in seven three-story buildings with a clubhouse and leasing center at the hub of the community. Marquette is planning to renovate unit interiors and update amenity offerings with a new grilling area, seating area with a fire pit and pergola and a dog …

April 17, 2026

California Finance Investment Sales News Western

JLL Arranges $55.8M Loan for Acquisition of Tempo at Riverpark in Oxnard, California

by Lynn Peisner April 16, 2026

OXNARD, CALIF. — JLL Capital Markets has secured an acquisition loan for approximately $55.8 million for Hines’ purchase of Tempo at Riverpark in Oxnard. Tempo at Riverpark is located at 450 Forest Park Blvd. in the Riverpark master-planned community. Residents live within walking distance of The Collection at Riverpark, a 650,000-square-foot retail center anchored by Whole Foods and Target. The property was built in 2016 and was 95.7 percent occupied as of December 2025. Amenities include a 24-hour fitness center, pool and hot tub, resort-style cabana seating, resident lounge with …

April 16, 2026

Company News Operations People News

Meredith Barry to Lead Growth of Cortland’s Third-Party Business

by Lynn Peisner April 16, 2026

ATLANTA — Cortland, an Atlanta-based multifamily investment, development and property management company, has appointed Meredith Barry to the role of vice president of business development. In this role, Barry will lead expansion of Cortland’s third-party property management portfolio, focusing on securing new partnerships with property owners, institutional investors and developers. Barry will report to Brad Hamel, executive vice president of community operations. Prior to this role, Barry was the vice president of client services at The Bozzuto Group.

April 16, 2026

Finance News Texas

Mesa West Capital Provides $47M Loan for Bishop Momo in Austin, Texas

by Lynn Peisner April 16, 2026

AUSTIN, TEXAS — Mesa West Capital has provided a $47 million refinancing loan to United Properties for Bishop Momo in Austin. The 274-unit property is located within the St. Elmo District, a 275-acre mixed-use redevelopment in South Austin built on a former industrial site. St. Elmo currently includes 223,000 square feet of office, retail, dining and entertainment with approximately 900,000 square feet planned for future development. Chris McColpin of Newmark’s Austin office arranged the financing. United Properties delivered Bishop Momo in 2024. It is comprised of a mix of studio …

April 16, 2026

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