NASHVILLE, TENN. — Dominium has acquired land at 865 W. Trinity Lane in Nashville for the future development of Evermere at Trinity, a 233-unit, LIHTC-backed affordable housing community. Weis Construction is the general contractor. Homes will include private balconies, full-sized washers and dryers, walk-in closets, stainless steel appliances and high-speed internet. A fitness center, pool and playground are among the amenity highlights. Neither a construction timeline nor rent restrictions were disclosed. Within the past year, Dominium has also acquired land in Nevada, Arizona and Oklahoma for additional upcoming affordable housing …
BEDFORD, N.H. — Northmarq has arranged the financing and sale of The Meridian at Bedford, an 85-unit community at 66 Hawthorne Ave. in Bedford. The seller was a private, New Hampshire-based investor, and the buyer was Arrowpoint Properties LLC. The asset traded for approximately $24 million. Northmarq’s debt and equity team arranged a $17.7 million Fannie Mae loan for Arrowpoint. The community, which was renovated in 2024, features a fitness center, laundry facilities, storage and a recreation room. Units are offered as studio, one- or two-bedroom floor plans.
SUNRISE, FLA. — David Schwadrom has sold Lakeside Villas, a 116-unit, build-to-rent property in Sunrise, 36 miles north or Miami, for $23 million. The buyer is a joint venture consisting of MAP Communities, Highline Real Estate and 340 Properties. JLL arranged a $15.5 million acquisition loan on behalf of the buyer, while Marcus & Millichap arranged the sale on behalf of Schwadrom. The asset, built in 1984, had not traded during the past 30 years, approximately. The property sits on 14 acres and features single-family, two-bedroom, two-bathroom villas with private …
MCLEAN, VA. — Berkadia has arranged the sale Kingston at McLean Crossing, a 319-unit property in McLean that was developed in 2018. JLL Income Property Trust and LCOR were the sellers. Pantzer Properties was the buyer. The deal closed on Jan. 30, at which time the asset was 96 percent occupied. Berkadia’s Brian Crivella, Yalda Ghamarian, Bill Gribbin and Jack Canepa of Berkadia DC Metro represented the sellers. Since the acquisition, Pantzer has rebranded the asset The Point at McLean. Located at 7480 Birdwood Ave., Kingston at McLean Crossing comprises …
AUGUSTA, GA. — Affordable housing finance firm Churchill Stateside Group has arranged and closed a $14 million FHA 223(f) loan for Lakeview Terrace, a recently completed, 200-unit community in Augusta restricted to households earning no more than 60 percent of area median income. The FHA 223(f) loan provides long-term, fixed-rate financing for existing multifamily properties, including newly constructed communities transitioning from construction to permanent financing. In addition to the loan, the project also was funded by 4 percent federal and state low-income housing tax credits. Details about the development team …
GLENDALE, CALIF, — IPA Capital Markets has arranged a $52 million refinancing loan for Arista Glendale, a 98-unit property in Glendale. Dwight Capital was the lender. IPA’s Stefen Chraghchian, based in Encino, California, arranged the five-year, interest-only loan. AHC Capital Holdings and Adept developed the property. Arista Glendale was a redevelopment of a former office building. Amenities include a resort-style pool with private cabanas, grills, an entertaining kitchen, coworking spaces, a package locker system, garage parking and a 24-hour fitness center.
LOS ANGELES — CIM Group has completed and opened Coro, a six-story, 168-unit property with 40,000 square feet of ground-floor retail in the West Adams neighborhood of Los Angeles. Units are offered as studios, one- and two-bedroom floor plans, and 17 apartments are reserved for households earning no more than 30 percent of area median income. CIM Group acquired the 1.3-acre Opportunity Zone property for the Coro project in 2023 from the West Angeles Church of God in Christ. Coro replaces the vacant former church, which relocated to the intersection …
TAMPA, FLA. — ARK Homes For Rent has completed and opened Parkside, a 75-unit rental townhome community in Tampa. Units are offered as three- and four-bedroom floor plans, and amenities include walking paths and a dog park. Monthly asking rents start at $1,995. ARK Homes For Rent also offers a mobile app that helps residents pay rent, submit maintenance requests and work orders, access HOA information and shop in a tailored marketplace. It also includes access to the ARK Living platform, which provides custom health content and on-demand wellness features.
GRAND PRAIRIE, TEXAS — Walker & Dunlop has arranged a $44.6 million loan to refinance The Henley, a 255-unit property in Grand Prairie. Goldman Sachs Alternatives was the lender, and Dallas-based StoneHawk Capital Partners was the borrower. Located at 3850 Double Oak Ave., The Henley is comprised of one- and two-bedroom units. Amenities include a clubhouse with a golf simulator, conference room, business lounge, game room and kitchen area. Additionally, the property features a resort-style pool, a rooftop lounge, a fitness center, package room, controlled gate access and a dog …
OKLAHOMA CITY — Dominium has announced the acquisition of land in Oklahoma City, with plans to construct The Scott, a new LIHTC affordable housing community. Located at 2124 NW 192nd St., The Scott marks Dominium’s second new-construction project in Oklahoma. The community will be comprised of 184 homes in a mix of two-story walk-up and townhome-style buildings. Amenities will include a clubhouse, fitness center, business center, playground and a pool. Completion is slated for January 2028. Specific income restrictions were not disclosed, but monthly asking rents are estimated to fall …