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VentureonVenetucci-Colorado-Springs
ColoradoDevelopmentNewsWestern

Thompson Thrift to Develop 336-Unit Property in Colorado Springs

by Lynn Peisner

COLORADO SPRINGS, COLO. — Thompson Thrift has announced plans to develop Venture on Venetucci in Colorado Springs. The 336-unit property is estimated to be complete by March 2027. Located at 4446 Venetucci Blvd., the 16.5-acre Venture on Venetucci will feature one-, two- and three-bedroom floor plans. Unit and community highlights include private yard options, detached garages, full-size washers and dryers, high-speed internet access, an Amazon package hub, a heated pool, a 24-hour fitness center, a pickleball court, a dog park and coworking space. Indianapolis-based Thompson Thrift has developed 12 properties in …

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Albertville-Meadows-Minnesota
Affordable HousingInvestment SalesMidwestMinnesotaNews

Dominium Sells Albertville Meadows for $11.2 Million

by Lynn Peisner

ALBERTVILLE, MINN. — Dominium has sold Albertville Meadows to an undisclosed buyer for $11.2 million. The property is located 32 miles northwest of Minneapolis in Albertville. Mox Gunderson, Dan Linnell, Adam Haydon and Devon Dvorak of Colliers arranged the sale. The 75-unit affordable housing community was built in 1993. To qualify, a single tenant can earn no more than $55,620 per year. Rents are capped at combined annual salaries of $63,600 for two occupants; $71,520 for three occupants; and $79,440 for units with four residents.

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Memoir-May-Hosiery-Nashville
DevelopmentNewsSoutheastTennessee

AJ Capital Partners Underway on Memoir May Hosiery in Nashville

by Lynn Peisner

NASHVILLE, TENN. — AJ Capital Partners has broken ground on Memoir May Hosiery in Nashville’s Wedgewood Houston neighborhood. The 109-unit property is across the street from May Hosiery Mills, an adaptive reuse project also developed by AJ Capital Partners. Opened in 2015, May Hosiery Mills, once a sock factory in the early 1900s, is set on 18 acres and includes six redeveloped brick buildings on a mixed-use campus with office, dining and retail. Memoir May Hosiery is slated for completion in March 2026. It will be Nashville-based AJ Capital’s fourth …

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Company NewsIllinoisMidwest

Kiser Group Launches Affordable Housing Division

by Lynn Peisner

CHICAGO — Kiser Group, a Chicago-based multifamily brokerage firm, has launched an affordable housing division and appointed Alex Mora and Spencer Burd as directors. The newly formed group will advise clients on mission-driven and community-impact development and investment. “Our goal is to guide clients through the unique financial and regulatory challenges of affordable housing,” said Burd. “By combining market insight with a focus on social impact, we can create solutions that benefit both investors and the communities they serve.”

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Affordable HousingDevelopmentMidwestNewsOhio

The NRP Group Opens The Lofton in Columbus

by Lynn Peisner

COLUMBUS, OHIO — The NRP Group has completed and opened The Lofton, a 245-unit affordable housing community in the South High neighborhood of Columbus. Developed in partnership with the City of Columbus and a nonprofit group called Community Development for All People, the property’s units are reserved for households earning incomes ranging from 30 to 80 percent of area median income. The Lofton features a mix of one- to four-bedroom residences and a 3,500-square-foot ground-floor commercial space that will house a daycare operator. Amenities include a fitness center, a community …

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Sonterra-Roseville
CaliforniaInvestment SalesNewsWestern

CONAM Group Buys Sonterra in Suburban Sacramento

by Lynn Peisner

ROSEVILLE, CALIF. —  The CONAM Group has acquired Sonterra Apartments in Roseville, 19 miles northeast of Sacramento, California. The 136-unit property, developed in 2001, is comprised of 10 two-story garden-style buildings situated on about 7 acres. The community offers a 24-hour fitness center, a resort-style pool and hot tub, a barbecue area, a resident clubhouse and leasing office, an outdoor fireplace, picnic areas, package lockers and a bocce ball court. The seller and sales price were not disclosed.

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CaliforniaColoradoFinanceGeorgiaNewsSoutheastTennesseeWestern

Walker & Dunlop Arranges IMT’s $625 Million Portfolio Refinancing

by Lynn Peisner

SHERMAN OAKS, CALIF. — Walker & Dunlop has arranged $625 million in fixed-rate Freddie Mac loans on behalf of Sherman Oaks-based IMT Capital. The company is refinancing eight garden-style properties in six metros — San Diego, Los Angeles, Denver, Atlanta, San Francisco and Nashville, Tennessee. The portfolio is comprised of 3,096 units. Walker & Dunlop’s team was led by Cory Wizenberg, Matt Wallach, Stephen West, Walker Layne, AJ Wright and Sebastian Tamayo.

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Novel-Denver-Uptown
ColoradoDevelopmentNewsWestern

Crescent Communities Opens NOVEL Uptown in Denver

by Lynn Peisner

DENVER — Crescent Communities has opened NOVEL Uptown in Denver. The five-story community includes 261 apartments in a mix of studio, one-bedroom and two-bedroom layouts. Corvus Coffee is a retail tenant at the project. BMO and Oxford Properties Group were financial partners. The construction and development team consisted of Tryba Architects (architecture), Kimley-Horn (civil engineering), Dig Studio (landscape architecture), ESG and Milender White (interior design and general contracting, respectively). Crescent Communities has been active in the past year in Colorado. NOVEL RiNo in Denver’s River North Arts District opened in …

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Abacus-Palm-Beach-Gardens
Affordable HousingDevelopmentFinanceFloridaNewsSoutheast

Abacus Breaks Ground on Arbor House in Palm Beach County

by Lynn Peisner

PALM BEACH GARDENS, FLA. — JLL has arranged a $77.5 million construction loan for New York City-based Abacus Capital Group to develop Arbor House in Palm Beach Gardens. A publicly traded real estate investment company was the lender for the four-year, floating-rate loan. JLL’s team was led by Mona Carlton, Joshua Odessky and Michael Romero. The 13-story, 302-unit Arbor House will feature an attached garage with 480 parking spaces and a 7,000-square-foot amenity deck on the eighth floor that will be the site of a wellness and fitness center, cold …

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Mills-Creek-Maple-Grove
Build-to-RentInvestment SalesMidwestMinnesotaNews

Curtis Capital Acquires BTR Project in Twin Cities Metro

by Lynn Peisner

MAPLE GROVE, MINN. — CBRE has arranged the sale of Mills Creek, a 66-unit build-to-rent property in Maple Grove, 17 miles northwest of Minneapolis. Curtis Capital Group was the buyer, and the seller was a joint venture between Watermark and PCCP. The sales price was not disclosed. Mills Creek is located at 8601 Goldenrod Lane and was built in 2019. The property features 66 detached homes averaging 1,679 square feet. Community and unit amenities include attached two-car garages, finished basements, private driveways and entrances, a clubroom with entertainment space, a …

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