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Canopy-Crest-La-Grange
Build-to-RentDevelopmentFinanceGeorgiaNewsSoutheast

River North Partners Underway on BTR Project South of Atlanta

by Lynn Peisner

LA GRANGE, GA. — River North Real Estate Partners has broken ground on Canopy Crest, a build-to-rent community in La Grange, 67 miles southwest of Atlanta. JLL arranged a $33.5 million construction loan for Phase I, which includes 152 rental homes in a mix of duplexes, detached homes and a product type River North refers to as a “barndominium,” an apartment floor plan averaging approximately 1,242 feet. All homes will be finished with granite countertops, stainless steel appliances, vinyl plank flooring and smart locks and thermostats. Amenities include a fitness …

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DevelopmentNew MexicoNewsWestern

Revere Capital Completes The Hill in Los Alamos, New Mexico

by Lynn Peisner

LOS ALAMOS, N.M. — Revere Capital has completed development of The Hill, a 149-unit community in Los Alamos. The project cost was approximately $65 million. The Hill was completed after Revere assumed ownership during construction in 2025, working with Los Alamos County and the project’s general contractor. The Hill consists of one-, two- and three-bedroom homes priced from $2,400 to $4,200 per month in asking rents. Some units may be rented by the bedroom. The Hill’s amenity package includes a clubhouse, fitness center, resort-style pool, ramada with outdoor kitchens, two …

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Affordable HousingCaliforniaDevelopmentNewsWestern

Thomas Safran & Associates Open Vista Terrace in Los Angeles’ Panorama City Area

by Lynn Peisner

LOS ANGELES — Locally based affordable housing developer Thomas Safran & Associates has completed Vista Terrace, a 102-unit LIHTC community in the Panorama City neighborhood of Los Angeles. The project includes a mix of studio, two- and three-bedroom floor plans as well as 25 units set aside for renters formerly experiencing homelessness. Units feature heating and air conditioning, plank flooring and window coverings. Select units offer private patios or balconies. With onsite management, amenities include a library, community room, fitness center, laundry facility, landscaped outdoor areas, 55 parking spaces and …

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Affordable HousingCompany NewsDevelopmentNewsPeople News

FTK Construction Promotes Kim Goodman and Randy Rivers to Lead Expanded Business Development Initiatives

by Lynn Peisner

ALLEN, TEXAS — FTK Construction Services has completed some light internal restructuring directed at ramping up activity in new markets and in new segments across the country. Known for its experience building Low-Income Housing Tax Credit (LIHTC) projects, the general contractor is aiming to increase market-rate multifamily construction projects. To this end, Randy Rivers, who first joined the company in 2024, has been promoted to vice president of sales and marketing. At the same time, Kim Goodman, who has been with the firm since 2018, will serve as vice president …

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1755-N-Damen-Chicago
IllinoisInvestment SalesMidwestNews

Interra Brokers Sale of $7.3M Mixed-Use Building in Chicago

by Lynn Peisner

CHICAGO — Interra Realty has arranged the $7.34 million sale of a 13-unit, mixed-use building in Chicago’s Bucktown neighborhood. Interra Senior Managing Partner Joe Smazal and Director Mark Dykstra represented the buyer, Stocking Urban, LLC, led by Nicholas Stocking. Smazal and Dykstra also represented the confidential seller in the off-market deal. All residential units were fully occupied at the time of sale. The property features three two-bedroom, five three-bedroom and two four-bedroom layouts. In addition to the residential units, the building includes three commercial spaces, two of which were occupied …

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Ellevate-North-Charleston
Affordable HousingFinanceNewsSouth CarolinaSoutheast

Eller Capital Secures $58M Refinancing for Two North Charleston Properties

by Lynn Peisner

NORTH CHARLESTON, S.C. — Eller Capital Partners has obtained a $58 million loan to refinance two properties, about half a mile apart from each other, in North Charleston. Walker & Dunlop’s Walker Layne, Matt Wallach, Stephen West, Austin Sneed and Tyler Roberts arranged the floating-rate interest-only bridge senior debt loan with capital provided by Bridge Investment Group. Ellevate St. Ives is comprised of 248 units. Ellevate North Charleston offers 192 units. Both properties participate in South Carolina’s affordable housing tax abatement program, with 75 percent of units restricted at 80 percent …

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Corner-63-Seattle
Investment SalesNewsWashingtonWestern

CBRE Arranges $59.3M Sale of Corner 63 in Seattle

by Lynn Peisner

SEATTLE — CBRE has arranged the $59.3 million sale of Corner 63 Apartments in Seattle’s Roosevelt neighborhood. Eli Hanacek, Kyle Yamamoto and Natalie Kasper of CBRE’s Pacific Northwest multifamily team represented the seller, High Street Residential, the residential subsidiary of Trammell Crow Co., in the transaction. The buyer’s identity was not disclosed. Located at 6300 9th Ave. NE, Corner 63 is a seven-story, mid-rise community completed in 2023. The property offers a mix of studio, one- and two-bedroom units. Amenities include a rooftop terrace, fitness center, coworking lounge, dog run …

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The-Foundry-Frederick
Build-to-RentCompany NewsLeasing & MarketingMarylandNewsNortheastOperations

JAG Tapped to Manage The Foundry at Renn Quarter in Frederick, Maryland

by Lynn Peisner

FREDERICK, MD. — JAG Management Co. has been selected by Couloir Ventures to manage the build-to-rent (BTR) townhome community The Foundry at Renn Quarter in Frederick. Couloir is a Bethesda, Maryland-based developer focused on building BTR projects in the metro Washington, D.C., area. JAG Management provides property management services for both Jefferson Apartment Group (JAG)-owned assets as well as third-party-owned communities on the East Coast. JAG is headquartered in McLean, Virginia. A portion of the residences at The Foundry at Renn Quarter are now complete, and residents have begun moving …

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Drew-McWilliams-Greysteel
Affordable HousingCompany NewsInvestment SalesNew YorkNewsNortheast

Drew McWilliams Tapped to Lead New York Affordable Housing Advisory for Greysteel

by Lynn Peisner

NEW YORK CITY — Greysteel has hired Drew McWilliams to lead affordable housing advisory and transaction efforts in New York and other regional markets. He will provide investment sales, debt and structured finance services as well as preservation and tax-credit syndication counsel to owners, developers and institutional investors. McWilliams joins Greysteel from New York City-based Ariel Property Advisors where he served as associate director.

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Emi-on-50-Orlando
DevelopmentFinanceFloridaNewsSoutheast

Terian Development Closes on Financing, Breaks Ground on Emi on 50 in Orlando

by Lynn Peisner

ORLANDO, FLA. — Terian Development, the development arm of Terian Group, has broken ground on Emi on 50 in Orlando after securing a construction loan for an undisclosed sum through lender PCCP. JLL arranged the financing. The 336-unit mid-rise project is slated for completion in 2028. Emi on 50 includes studios, one-, two- and three-bedroom units as well as townhomes. Amenities feature a rooftop pool and terrace, a ninth-floor pickleball court, a courtyard, coworking spaces and a speakeasy-inspired lounge. The property will be managed by Willow Bridge Property Co.

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