News

EPM Breaks Ground on Whitman Villas

by Lynn Peisner August 26, 2025

GREENFIELD, IND. — Locally based developer Equity Property Management (EPM) has broken ground on Whitman Villas, the second residential development in Hancock Gateway Park, a 200-acre, $460 million master-planned, mixed-use development in Greenfield, 25 miles west of Indianapolis. The project is named in honor of poet Walt Whitman and will consist of 108 rental townhomes offered in two- or three-bedroom floor plans. Completion is slated for spring 2026. Whitman Villas amenities will include a pickleball court, a clubhouse, fitness and business centers, a resort-style pool, grilling and gathering areas and …

August 26, 2025

Finance News South Carolina Southeast

Southern Land Co. Refinances Charleston Development

by Lynn Peisner August 26, 2025

CHARLESTON, S.C. — Walker & Dunlop has arranged a $75 million loan for Southern Land Co. to refinance construction debt used to develop Society at Laurens, a 148-unit community in Charleston that opened earlier this year. Walker & Dunlop’s Walker Layne, Matt Wallach and Stephen West arranged a three-year bridge loan through Aareal Capital. Society at Laurens is comprised of studios and one-, two- and three-bedroom units as well as penthouses. Amenities include a heated saltwater pool and a hot tub situated on a second-floor deck with views of Charleston …

August 26, 2025

Affordable Housing Development New York News Northeast

Merchants Capital Secures Funding for Westbeth Artists Housing Redevelopment

by Lynn Peisner August 26, 2025

NEW YORK CITY — Merchants Capital has provided $25.2 million in financing for the recapitalization and redevelopment of Westbeth Artists Housing, a 384-unit, historic, mixed-use affordable housing development in New York City. A state-sponsored program, Homes and Community Renewal Multifamily Preservation (HCR), also contributed $63 million. Chase is also a financing partner, but details about the company’s contribution were not released. The rehab will replace roofing, elevators, windows and radiators; restore the building’s façade; renovate 32 apartments; and install energy-efficient updates, including green roofs. Westbeth Artists Housing is owned by …

August 26, 2025

Florida Investment Sales News Southeast

Milestone Group Buys Community in Lake Worth, Florida

by Lynn Peisner August 25, 2025

LAKE WORTH, FLA. — The Milestone Group has acquired Casa Brera at Toscana Isles in Lake Worth for an undisclosed figure. The 206-unit community features one-, two- and three-bedroom units and such amenities as a resort-style pool, a private movie theater, a fitness center, dog park, multi-purpose sports court and a clubhouse. Hampton Beebe and Avery Klann of Newmark marketed the property on behalf of the undisclosed seller.

August 25, 2025

Development Finance Midwest Minnesota News

Grego, Eagle Partners Lock in $56 Million for Second Phase of Minneapolis-Area TOD

by Lynn Peisner August 25, 2025

EDEN PRAIRIE, MINN. — Greco and Eagle Ridge Partners have secured $55.6 million in debt and equity financing to complete the second phase of The Fox & The Grouse in Eden Prairie, 18 miles southwest of Minneapolis. JLL Capital Markets arranged the package, consisting of a $39.1 million, three-year, floating-rate loan through MidWestOne Bank and $16.5 million in joint venture equity from Amstar Group. The six-story community will offer a mix of studios and one-, two- and three-bedroom units, with a quarter of the units designated as affordable with rents …

August 25, 2025

Finance News South Carolina Southeast

Lifestyle Communities Lands $110 Million ReFi for Charleston Mixed-Use Project

by Lynn Peisner August 25, 2025

CHARLESTON, S.C. — Dwight Mortgage Trust has provided a $110 million bridge loan to Ohio-based developer Lifestyle Communities. The loan will refinance existing construction debt, cover transaction costs and fund remaining construction expenses for LC Line and Low, a 277-unit mixed-use development in Charleston. Dwight Capital’s Brandon Baksh, Noah Greenwald and Talisse Thompson led the transaction. Amenities at the new property include a resort-style pool, a clubhouse, fitness center with saunas and cold plunges, coworking spaces and a parking deck. On-site retail and dining include The Goat Restaurant & Bar …

August 25, 2025

Investment Sales Midwest Minnesota

Venture Development Buys Minnesota Active Adult Property

by Lynn Peisner August 25, 2025

WAITE PARK, MINN. — Podawiltz Development Corp. has sold Park Villa Apartments in Waite Park, about 70 miles northwest of Minneapolis in the St. Cloud metro area. JLL arranged the sale, representing Podawiltz in the deal, and procured the buyers, Noel Johnson and Jamison Kohout of Venture Development Group. The sales price was not disclosed. The 95-unit active adult community features 71 one-story, cottage-style units and 24 two-story townhome apartments with private garages. Park Villa was constructed in 1991 and renovated in 2008. It sits on about 7 acres.

August 25, 2025

Affordable Housing Berkadia Finance Florida Investment Sales News Southeast

Berkadia Arranges Acquisition Financing for Naples, Florida, Deal

by Lynn Peisner August 22, 2025

NAPLES, FLA. — Interface Properties has acquired Wild Pines of Naples from an undisclosed seller and undisclosed total sales price. Berkadia arranged $26.6 million in acquisition financing, which includes a $20.6 million senior loan and an additional $6 million supplemental through Freddie Mac. Senior Managing Director Mitch Sinberg, Director Michael Basinski and Managing Directors Scott Wadler, Brad Williamson and Matt Robbins led the Berkadia team. Half of the community’s 200 units are income-restricted, but specifics weren’t disclosed. The property was built in multiple phases between 1968 and 2001. Wild Pines …

August 22, 2025

Investment Sales News Washington Western

AvalonBay Sells Seattle Asset for $63.3 Million

by Lynn Peisner August 22, 2025

REDMOND, WASH. — AvalonBay (NYSE: AVB) has sold Archstone Redmond Lakeview Apartments, a 166-unit community in Redmond, 15 miles west of Seattle to TruAmerica. CBRE arranged the $63.3 million sale. Archstone Redmond Lakeview Apartments was built in 1987 on the Lake Sammamish waterfront. The property has one- and two-bedroom units with private patios, walk-in closets and fireplaces. It also has direct access to a private dock with 45 income-generating boat slips. Community amenities include a renovated clubhouse, fitness center, canoe parking, a pet area and an outdoor deck with views …

August 22, 2025

Florida Investment Sales News Southeast

Ownership of The Preserve in Jacksonville Changes Hands

by Lynn Peisner August 22, 2025

JACKSONVILLE, FLA. — Becovic Management Group has sold The Preserve in Jacksonville to Safe Harbor Investments LLC. JLL Capital Markets arranged the sale, representing Becovic in the deal. The sales price was not disclosed. The Preserve, a 192-unit property built in 2024, is comprised of one-, two- and three-bedroom floor plans. Amenities include a resort-style pool with a sun deck, a 24-hour fitness center, coworking spaces with Wi-Fi and a resident lounge with a coffee bar and pet spa.

August 22, 2025

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