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Carrena-Buford
DevelopmentGeorgiaNewsSoutheast

Vida Cos. to Build Carrena in Buford, Georgia

by Lynn Peisner

BUFORD, GA. — Vida Cos. has closed on financing for the construction of Carrena, a ground-up development in in the northern Atlanta suburb of Buford. The 289-unit Carrena is the first of three planned projects supported by capital from the $47 million, still-open Vida Opportunities Fund. Carrena will be comprised of four-story buildings served by elevators and such amenities as a saltwater pool, fitness center with yoga facilities, piano lounge, rooftop deck and lounge and a nature trail. The community will include one-, two- and three-bedroom floor plans. The design …

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Harpers-Mill-Houston
BerkadiaInvestment SalesNewsTexas

12ten Capital Acquires Harper’s Mill in Houston

by Lynn Peisner

HOUSTON — Interurban Cos. has sold Harper’s Mill, a 180-unit property built in 1984, to 12ten Capital for an undisclosed sum. Located in Northwest Houston, Harper’s Mill is comprised of a mix of one- and two-bedroom floor plans, including one-bedroom townhomes. The Berkadia Houston Investment Sales team representing Centennial, Colorado-based Interurban was led by Kyle Whitney, Chris Curry, Jeffrey Skipworth, Chris Young, Joey Rippel, Jed Dalton and Tucker Fama. Brad Williamson, Mitch Sinberg, Scott Wadler, Matthew Robbins and Kyle Ryan of Berkadia Miami and Boca Raton secured the financing on …

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Joyfield-at-Lakeview-Antioch
Affordable HousingCaliforniaDevelopmentFinanceNewsWestern

Standard Communities Secures $53.1M for LIHTC Development Near San Francisco

by Lynn Peisner

ANTIOCH, CALIF. — Walker & Dunlop has arranged a $53.1 million loan for the construction of Joyfield at Lakeview Center, a Low-Income Housing Tax Credit (LIHTC) affordable housing community in Antioch, approximately 45 miles west of San Francisco. Standard Communities is the developer and borrower. Joyfield Lakeview Center consists of 233 units across seven three- and four-story buildings that will be reserved for tenants earning up to 30 or 70 percent of area median income. Amenities include a clubhouse, fitness center, business center, playground, courtyard and dog park. Completion is …

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1880-Milwaukee-Chicago
DevelopmentIllinoisLeasing & MarketingMidwestNews

Peerless Development Begins Lease-Up at 1880 Milwaukee, a 44-Unit Property in Chicago

by Lynn Peisner

CHICAGO — Peerless Development has begun pre-leasing at 1880 Milwaukee, a 44-unit property in Chicago’s Bucktown neighborhood. First resident move-ins at the five-story mid-rise are slated for August 2026. Units are offered in one- and two-bedroom floor plans ranging from 534 to approximately 950 square feet, some with private balconies. Asking rents start at $2,325 per month for one-bedroom apartments and $3,645 per month for two-bedroom residences. Amenities include a rooftop deck with grilling stations, reserved garage parking for 22 vehicles with electric vehicle charging capability and bicycle storage. The property, …

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Indian-Lake-Village-Lake-Orion
BerkadiaFinanceMichiganMidwestNews

Berkadia Arranges $35.2M ReFi for Indian Lake Village Apartments North of Detroit

by Lynn Peisner

LAKE ORION, MICH. — Berkadia has arranged a $35.2 million refinancing loan through Freddie Mac for Indian Lake Village Apartments, a 394-unit community in Lake Orion, a village approximately 38 miles north of Detroit. Fenton Management Co. out of Farmington Hills, Michigan, is the owner/borrower. Wesley Moczul of Berkadia Orlando led the transaction, with support from Mitch Sinberg, Scott Wadler, Matt Robbins and Brad Williamson of Berkadia Boca Raton. Located at 3001 Lake Village Blvd., Indian Lake Village Apartments is situated on approximately 58 acres and was constructed between 1995 …

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Sunset-Apartments-San-Francisco
CaliforniaInvestment SalesNewsWestern

Marcus & Millichap Arranges $6.7M Sale of 28-Unit Property in San Francisco

by Lynn Peisner

SAN FRANCISCO — Marcus & Millichap has brokered the sale of 1275-1281 8th Ave., a 28-unit property in San Francisco. The property sold for approximately $6.7 million, or $237,500 per unit. Eymon Binesh and Gino Franco, investment specialists both in Marcus & Millichap’s San Francisco office, marketed the listing on behalf of the seller, a private family trust, and procured the buyer, a local value-add investor.  Binesh says the buyer plans to renovate all 28 units. Built in 1926, the 17,500-square-foot property is situated on a 0.27-acre parcel at the …

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Allura-las-colinas-Irving
FinanceInvestment SalesNewsTexas

Brixton Capital Obtains $40.9M Acquisition Loan for Allura Las Colinas in Irving, Texas

by Lynn Peisner

IRVING, TEXAS — California-based Brixton Capital has secured a $40.9 million loan for the acquisition of Allura Las Colinas, a 288-unit property in Irving. A team from JLL, led by Aldon Cole, Tony Nargi, Jacob Martin, Caden Cramer and Dustin Dulin represented Brixton in obtaining the financing. Allura Las Colinas, located at 6445 Love Drive in Irving’s Las Colinas submarket, was built in 2003 and features a mix of one-, two- and three-bedroom floor plans. Amenities including a pool with a sun deck, 24-hour fitness center, clubhouse, gated dog park, …

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Madison-Shores-Pensacola
FinanceFloridaNewsNorth CarolinaSouth CarolinaSoutheast

Walker & Dunlop Arranges $223M Refinancing for Madison Capital Portfolio

by Lynn Peisner

BETHESDA, MD. — Walker & Dunlop has arranged approximately $223 million in bridge financing for five communities across the Southeast on behalf of Charlotte, North Carolina-based Madison Capital Group. The bridge loans will refinance existing debt for five properties (1,345 units) in Florida and the Carolinas. Walker & Dunlop arranged the loans with multiple debt fund lenders. A team led by Walker Layne, Austin Sneed and Tyler Evenson closed the five refinancings over the past nine months. The portfolio includes: The Caroline in Indian Land, South Carolina; Madison Shores in …

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100-jane-street-West-Village
Affordable HousingFinanceNew YorkNewsNortheast

Rockrose Obtains $69.5M Refinancing for West Village Asset

by Lynn Peisner

NEW YORK CITY — JLL Capital Markets has arranged a $69.5 million Freddie Mac refinancing loan for 100 Jane, a 148-unit property in Manhattan’s West Village neighborhood. The borrower was Rockrose Development Corp. Located at 100 Jane St. and built in 1996, the property includes 117 market-rate units, 30 affordable units and one superintendent unit. Rent restrictions were not disclosed. Amenities include a landscaped rooftop terrace, fitness center and laundry facilities. The JLL team representing the borrower was led by Geoff Goldstein, Steven Klein and Michael Shmuely.

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The-Ellery-of-Cary-North-Carolina
FinanceInvestment SalesNewsNorth CarolinaSoutheast

Mesa West Funds $29.7M Acquisition Loan for The Ellery of Cary in North Carolina

by Lynn Peisner

CARY, N.C. — Mesa West Capital has provided a $29.7 million loan for Addison, Texas-based McDowell Properties’ acquisition of The Ellery of Cary, a 194-unit property in Cary. The financing was arranged by Trevor Brotman, Tricia Linden, and Kara Profitt out of Walker & Dunlop’s Irvine, California, office. Built in 1988 on approximately 19 acres, The Ellery of Cary offers a mix of one-  and two-bedroom floor plans averaging 875 square feet. Units feature stainless steel appliances, laminate flooring, walk-in closets, private balconies and in-unit washers and dryers. Amenities include …

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