SOUTH CHANDLER, ARIZ. — TruVista Development has begun leasing Village of Chandler, a 109-unit build-to-rent community in the Phoenix suburb of Chandler. Located at 6075 S. Gilbert Road, Village of Chandler features one-, two- and three-bedroom units. Amenities include a pool, dog park, outdoor workout stations, barbeque grills, walking trails, detached garages and private backyards with pet-friendly doors. The community is currently 33 percent leased and is managed by MEB Management Services.
TOMS RIVER, N.J. — JLL Capital Markets has brokered $26.8 million in financing for Camelot at Toms River, a 128-unit community in Toms River, which is located along the Jersey Shore. JLL worked on behalf of the borrower, Kaplan Cos., to secure the five-year, fixed-rate loan through Nuveen Real Estate. Michael Klein, Matthew Pizzolato and Salvatore Buzzerio led the JLL Capital Markets Debt Advisory team. Camelot at Toms River was built in 2023 and offers one- and two-bedroom units. Amenities include a 2,098-square-foot clubhouse, fitness center, yoga room, pool, barbeque …
DALLAS — Crescent Communities has sold NOVEL Turtle Creek, a 206 high-rise community in the Turtle Creek and Oak Lawn area of Dallas, to Goldrich Kest. NOVEL Turtle Creek was built in 2022 at 4251 Irving Avenue. The building rises 20 stories and features one-, two- and three-bedroom units. Amenities include an outdoor deck with a pool, lounge, concierge service, curbside valet and morning coffee service. The design team for the project included project architect WDG, experimental consultant 404 Design, landscape architect TBG Partners and interior designer Vignette Interior Design. …
KISSIMMEE, FLA. — Pinnacle and Birdsong Housing Partners have jointly secured $33.9 million in financing to begin constructing Pinnacle at the Wesleyan, a 96-unit affordable housing community in Kissimmee. Pinnacle at the Wesleyan will be available to households earning up to 60 percent of the area median income (AMI). Ten percent of units will be reserved for extremely low-income residents at 33 percent AMI. The complex will offer 12 one-bedroom units, 60 two-bedroom units and 24 three-bedroom units. The developers broke ground on the project at the beginning of December. …
DALLAS — Cushman & Wakefield has promoted Jeremy Edmiston to the role of Executive Director, U.S. Lead Build-To-Rent/Single-Family Rent (BTR/SFR). In this position, Edmiston will collaborate with Cushman & Wakefield’s Capital Markets and Debt teams to provide unified BTR/SFR end-to-end solutions to clients. He will be based in the firm’s Dallas office.
SAN ANTONIO — Colliers Mortgage has provided $16.8 million in HUD-insured, construction-to-permanent financing for Culebra Road Apartments, an affordable housing project in San Antonio. Jeff Rogers of Colliers Mortgage originated the financing, which was structured with a 40-year term. The borrower was an entity doing business as Culebra Road Apartments LP. Culebra Road Apartments will offer 199 one-, two- and three-bedroom units. The community will be entirely income restricted, although exact restrictions were not disclosed. Planned amenities include a pool, fitness center, playground, business center, clubhouse, activities room and outdoor …
MONTVALE, N.J. — Walters has finished constructing Cornerstone at Montvale, an income-restricted community in the New York City suburb of Montvale. Cornerstone at Montvale offers 25 units across two buildings. The community is available to households earning at or below 60 percent of the area median income. Rental rates are based on the renter’s gross annual income. Amenities include a fitness room, playground and outdoor areas with seating and gas grills. Residents will also have access to 55 parking spaces and a bike shed to accommodate 18 bicycles.
MONROEVILLE, PA. — KeyBank has provided $90.7 million in financing for the acquisition and rehabilitation of Cambridge Square Apartments, an affordable housing complex in the Pittsburgh suburb of Monroeville. The financing consists of a $35 million construction loan, an $18 million Fannie Mae permanent loan, $15.7 million in Low-Income Housing Tax Credit (LIHTC) equity and $22 million in tax-exempt bonds that were sold by KeyBanc Capital Markets. Anna Belanger and Jonathan Wittkopf of KeyBank structured the tax credit equity and debt financing. Robbie Lynn of KeyBank structured the tax-exempt bonds, …
LOS ANGELES — JLL Capital Markets has arranged construction financing for 6100 Main, an 87-unit development in Los Angeles. The community will be rise four stories on a 0.5-acre site. Units will come in one-bedroom floor plans. Planned amenities include a community room, roof deck, garage parking and bicycle parking. JLL worked on behalf of the borrower, SoLa Impact, to secure the loan through a regional bank. Greg Brown, Charlie Vorsheck, Kellan Liem and Allie Black led the JLL Capital Markets Debt Advisory team.
AUSTIN, TEXAS — JLL Capital Markets has arranged construction financing for Lirica East Austin, a 338-unit project in the Central East Austin neighborhood of Austin. The borrower was Central Southwest Texas Development, doing business as CSW Development. JLL worked on behalf of the borrower and the equity partner, Blueprint Local, to secure the loan. Lirica East Austin will offer studio, one-, two- and three-bedroom units with an average size of 799 square feet. Planned amenities include a pool, clubroom, fitness center, co-working space, sky lounge, courtyard and dog park. The …
