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Gibson Point in Revere, Massachusetts
DevelopmentMassachusettsNewsNortheast

Redgate Underway on 291-Unit Gibson Point in Revere, Massachusetts

by Channing Hamilton

REVERE, MASS. — Redgate is currently underway on the development of Gibson Point, a 291-unit community in the Boston suburb of Revere. Gibson Point offers studio, one-, two- and three-bedroom units. Amenities include a fitness studio, sauna and cold plunge pools, recovery room, private co-working areas and a lounge with an indoor/outdoor bar, deck and fully equipped kitchen. The property will also feature an on-site restaurant and immediate access to the nearby Gibson Park. Pre-leasing at the community is slated to begin on June 1, with the first move-ins beginning …

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Prose Lagrange in LaGrange, Georgia
DevelopmentGeorgiaNewsSoutheast

Alliance Residential Opens 315-Unit Prose Lagrange in LaGrange, Georgia

by Channing Hamilton

LAGRANGE, GA. — Alliance Residential Co. has opened Prose LaGrange, a 315-unit property in LaGrange, approximately 68 miles southwest of Atlanta. Located at 1900 Vernon Street, Prose LaGrange includes one- and two-bedroom units averaging 997 square feet. Amenities include a pool, clubhouse with entertainment kitchen, business center with co-working spaces, pet park, fitness center and mailroom with Luxor package lockers. The property is situated adjacent to WellStar West Georgia Medical Center and the Merganser Shopping Center, which includes a Publix, Starbucks and Chick-fil-A.

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ColoradoDevelopmentLeasing & MarketingNewsWestern

Thompson Thrift Opens 336-Unit Notch66 Near Boulder, Colorado

by Channing Hamilton

LONGMONT, COLO. — Thompson Thrift has opened Notch66, a 336-unit community in the northern Boulder suburb of Longmont. Notch66 is situated on an 18.4-acre site. Units come in one-, two- and three-bedroom layouts. Select apartments feature detached garages and private yards. Amenities include an early childhood education center for children with an on-site pediatric therapy center, clubhouse, fitness center, pool and dog park. The community is currently over 30 percent leased.

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Fox Run Apartments in Ledyard, Connecticut
ConnecticutLeasing & MarketingNewsNortheast

Value Asset Management Takes Over Management of Fox Run Apartments in Ledyard, Connecticut

by Channing Hamilton

LEDYARD, CONN. — Value Asset Management (VAM), a property management subsidiary of Value Cos., has taken over management services at Fox Run Apartments in the southeastern Connecticut town of Ledyard. This is the first community in VAM’s portfolio to be located in Connecticut. Fox Run Apartments includes 172 units in studio-, one- and two-bedroom floor plans. According to Apartments.com, Fox Run Apartments was constructed in 1965. VAM has introduced an apartment rehabilitation program and rebranded the property website as part of a three-year capital improvements plan for the community.

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IndianaMidwestNewsPeople News

Merchants Capital Selects Chris Messmann as Executive Vice President of Tax Credit Equity Division

by Channing Hamilton

CARMEL, IND. — Merchants Capital, an agency lender and tax credit equity syndicator based in Carmel, has promoted Chris Messmann to the role of executive vice president. In this position, Messmann will oversee the asset management, fund and risk management teams in the company’s tax credit equity division, including pre-closing financial projections and post-closing investor reporting. Messmann joined Merchants Capital in 2021. Prior to this, he served in a leadership role for 10 years at a national tax credit equity syndicator and was a tax accountant at Low Income Housing …

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Build-to-RentDevelopmentNewsNorth CarolinaSoutheast

Redwood Living Underway on 154-Unit Build-to-Rent Community in Hickory, North Carolina

by Channing Hamilton

HICKORY, N.C. — Ohio-based developer Redwood Living is underway on Redwood Hickory, a 154-unit build-to-rent community in Hickory, 59 miles northwest of Charlotte. Residences will come in two-bedroom layouts ranging from 1,294 to 1,381 square feet. Units will feature vaulted ceilings, bonus living space, attached two-car garages, washer and dryer hookups, full-size appliances and patios. Monthly rents start at $2,099 per month. A construction timeline for the project was not disclosed.

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Max on Morris in Morristown, New Jersey
Affordable HousingInvestment SalesNew JerseyNewsNortheast

The Hampshire Cos. Sells 85-Unit Max on Morris in Morristown, New Jersey

by Channing Hamilton

MORRISTOWN, N.J. — The Hampshire Cos. has sold Max on Morris, an 85-unit community located at 175 Morris Street in Morristown. Built by The Hampshire Cos. in 2023, Max on Morris offers studio, one- and two-bedroom floor plans. Amenities include an entertainment lounge, break room, outdoor amenity deck with grilling stations, bike storage and EV charging stations. The property also offers four affordable residences and 14 supportive housing units designed for residents with special needs operated by locally-based Cohome. Cushman & Wakefield represented the seller and the private buyer in the …

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Affordable HousingDevelopmentNew YorkNewsNortheast

NRP Group Completes 179-Unit Workforce Housing Community in New Rochelle, New York

by Channing Hamilton

NEW ROCHELLE, N.Y. — Cleveland-based developer The NRP Group has delivered Renaissance at Lincoln Park, a 179-unit workforce housing project in New Rochelle, 24 miles north of New York City. The NRP Group developed the community in partnership with Guion Renaissance Housing Development Finance Corp., Kensworth Consulting, The Boys & Girls Club of New Rochelle and The City of New Rochelle. Renaissance at Lincoln Park offers units with a range of income restrictions. The property also features a 22,000-square-foot Boys & Girls Club facility with a gym, basketball court, recording …

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Kenyon at Cross Creek in Central, South Carolina
Affordable HousingDevelopmentNewsSouth CarolinaSoutheast

Gateway Opens $40 Million Affordable Housing Project in Central, South Carolina

by Channing Hamilton

CENTRAL, S.C. — Gateway Development Corp. has opened Kenyon at Cross Creek, a $40 million affordable housing development in Central. Gateway partnered with Synovus Bank (construction lender and federal tax credit equity investor), Monarch Private Capital (state credit investor) and Bellwether Enterprises (permanent lender), to complete the project. The Kenyon at Cross Creek was one of the first non-metro communities developed with the South Carolina state housing credit, according to Gateway. The project consists of 168 units across seven three-story residential buildings. Units come in one-, two- and three-bedroom layouts …

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Fielder’s Glen in Arlington, Texas
Investment SalesNewsTexas

Marcus & Millichap Brokers Sale of 220-Unit Fielder’s Glen in Arlington, Texas

by Channing Hamilton

ARLINGTON, TEXAS — Marcus & Millichap has negotiated the sale and financing of Fielder’s Glen, a 220-unit asset in Arlington. Rise48 Equity purchased the asset from Western Wealth Capital for an undisclosed price. Fielder’s Glen offers studio, one- and two-bedroom units. Amenities include a pool, barbeque and picnic area, laundry facilities and a fitness center.  Al Silva and Ford Braly of Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller and procured the buyer. Brandon Brown with Marcus & Millichap Capital Corp. arranged acquisition financing.

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