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Wellstead-at-Kinderton-Bermuda-Run
Build-to-RentDevelopmentNewsNorth CarolinaSoutheast

Canvas Residential, Kelley Properties to Develop Build-to-Rent Community Near Winston-Salem, North Carolina

by Lynn Peisner

BERMUDA RUN, N.C. — Canvas Residential Partners and Kelley Properties have broken ground on Wellstead at Kinderton Farms, a 141-home build-to-rent community in Bermuda Run approximately 15 miles southwest of Winston-Salem. The community will feature a mix of rental townhomes and detached single-family homes. Townhomes will range from 1,200 to 1,700 square feet, from two to four bedrooms. Some townhomes will include a private backyard. Single-family homes will range from 1,900 to 2,100 square feet with four bedrooms and two-car garages. First units are slated for completion in spring 2028.

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The-Summit-Avon
Affordable HousingColoradoDevelopmentNewsWestern

Grand Peak Breaks Ground on Mixed-Income Community in Avon, Colorado

by Lynn Peisner

AVON, COLO. — Denver-based developer Grand Peak, in partnership with Silverton Holdings, a Braselton, Georgia-based developer specializing in hospitality projects, has broken ground on The Summit, a 164-unit community in Avon, approximately 106 miles west of Denver and about 10 miles west of Vail, Colorado. Civitas Capital Group provided an undisclosed sum of construction financing for the project, which will include 16 workforce housing units reserved for tenants earning no more than 100 percent of area median income. Amenities will include a fitness center, game room, dedicated ski and gear …

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Greenline-Monona
DevelopmentMidwestNewsWisconsin

Galway Cos. Starts Construction of The Greenline in Wisconsin

by Lynn Peisner

MONONA, WIS. — Galway Cos. has broken ground on The Greenline, a 357-unit community with 16,000 square feet of ground-floor retail space in the Madison, Wisconsin, suburb of Monona. The Greenline is part of a broader redevelopment effort along Monona’s Broadway corridor that is being led by locally based Galway Cos. in partnership with the City of Monona and the Monona Community Development Authority. The corridor is a two-mile stretch along the southern border of the city where officials are hoping to develop future transit-oriented projects. The developer also will …

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Lookout-Pointe-Selma
DevelopmentNewsTexas

Inland, Cambridge Near Completion of Metro San Antonio Project

by Lynn Peisner

SELMA, TEXAS — A joint venture comprised of affiliates of Inland Real Estate Group of Cos. and Cambridge Development Group is nearing completion of Lookout Pointe, a 281-unit development in the northeast San Antonio suburb of Selma. The first residences are slated for completion in October. The community is comprised of studios, one- and two-bedroom units complemented by a clubhouse, fitness center, business center, resort-style pool, dog park and a rooftop patio with a gas grill and outdoor entertainment areas.

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St-James-Milwaukee
Affordable HousingInvestment SalesMidwestNewsWisconsin

Weidner Sells Two-Asset Milwaukee Portfolio for $60M

by Lynn Peisner

MILWAUKEE — Weidner Apartment Homes has sold a two-property portfolio in Milwaukee’s Calumet Farms neighborhood for $60 million. Beverly Hills, California-based Bedford Affordable Housing Foundation, in partnership with Post Real Estate Group, acquired the 374-unit St. James Place and Arbor Ridge. The properties are less than a quarter mile apart. The new owners plan to convert the market-rate properties to affordable housing with rents restricted to 60 and 80 percent of area median income. Sean Beuche, Matson Holbrook and Gretchen Richards of CBRE represented the seller in the transaction. Jim …

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High Park-New-Albany
IndianaInvestment SalesMidwestNews

Highgates Sells High Park in Indiana for $6.6M

by Lynn Peisner

NEW ALBANY, IND. — Highgates, a Louisville, Kentucky-based multifamily developer and operator, has sold High Park Apartments in New Albany, about 5 miles northwest of Louisville, for $9.5 million. Highgates acquired High Park in July 2019 for approximately $6.6 million and owned and operated the property through its in-house management for seven years. During that period, the firm invested about $500,000 in capital improvements, which covered roofing, HVAC systems and unit-interior upgrades. The property was financed at acquisition with a 10-year, fixed-rate Freddie Mac loan, which remained in place for …

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137-20-45th-Ave-Auburn-Flushing
Affordable HousingFinanceNew YorkNewsNortheast

Iris Holdings Group Obtains $86.4M Refinancing for Four-Property Affordable Housing Portfolio in Flushing, Queens

by Lynn Peisner

NEW YORK CITY — Walker & Dunlop has arranged an $86.4 million Freddie Mac refinancing for locally based Iris Holdings Group’s 506-unit portfolio in the Flushing neighborhood of Queens. The four properties are clustered together and are within walking distance. Iris Holdings partnered with the New York City Department of Housing Preservation and Development in 2024 to preserve the this project at varying levels of affordability for the next 40 years. As part of that effort, Iris completed major building-system upgrades, unit renovations and a range of energy-efficiency improvements. Walker …

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Dakota-Pointe-South-Sioux-City
Investment SalesMidwestNebraskaNews

Greysteel Brokers $15.3M Trade in Nebraska

by Lynn Peisner

SOUTH SIOUX CITY, NEB. — Greysteel has arranged the $15.3 million sale of Dakota Pointe, a 143-unit community in South Sioux City, which is directly across the Missouri River from Sioux City, Iowa. The buyer and seller were undisclosed local investors. Greysteel represented the seller. At closing, Dakota Pointe was fully occupied. It features a mix of one-, two- and three-bedroom units. The property was built in 1994. Amenities include a fitness center, pool, clubhouse and parking. Greysteel covers Nebraska, Iowa and surrounding states from its Omaha, Nebraska, and West …

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Brookridge-Nashville
Affordable HousingInvestment SalesNewsSoutheastTennessee

Blackfin, Enterprise Community Partners Buy Brookridge Apartments in Nashville for $26M

by Lynn Peisner

NASHVILLE, TENN. — Blackfin Real Estate Investors and Enterprise Community Partners have acquired the 177-unit Brookridge Apartments in the South Nashville neighborhood of Antioch for $26 million. The acquisition was backed by an Enterprise equity fund that supports joint ventures on properties where affordable rents can be preserved. “As costs continue to rise in high-growth markets like Nashville, preserving existing affordable and workforce housing is more important than ever,” said Lianna Petroski, senior vice president, head of acquisitions and deputy fund manager at Enterprise. Located at 100 Brookridge Trail, Brookridge …

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Nick-OBrien-NRPNick-OBrien-NRP
Affordable HousingCompany NewsDevelopmentPeople News

The NRP Group Hires Nicholas O’Brien to Expand Affordable Housing Development in New York

by Lynn Peisner

NEW YORK CITY — The NRP Group has appointed Nicholas O’Brien as vice president of affordable housing development and finance in New York. O’Brien will help expand The NRP Group’s affordable housing pipeline across New York State outside the five boroughs, including Long Island, Westchester County, the Hudson Valley and Upstate New York. He will report to Jonathan Gertman, senior vice president of development, who oversees market-rate and affordable development efforts in New York. In his new role, O’Brien will identify and evaluate new affordable housing development opportunities, support transaction …

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