CULVER CITY, CALIF. — Cityview has sold Haven Culver City in Los Angeles County to TruAmerica. IPA’s Kevin Green, Joseph Grabiec and Gregory Harris represented the seller in the transaction. The sales price was not disclosed. TruAmerica concurrently acquired another local property, Luxe Villas, a 72-unit community located at 11640 Mayfield Ave. in Brentwood, for approximately $49.5 million. Haven Culver City was built in 2019, and Luxe Villas were constructed in 2006.
PANAMA CITY BEACH, FLA. — Berkadia has arranged $42.5 million on behalf of JSB Capital for the refinancing of Exchange at the Beach, a 232-unit property in the Upper Grand Lagoon neighborhood of Panama City Beach. The financing package consists of a $29 million Freddie Mac loan and $13.5 million in preferred equity. Mitch Sinberg, Scott Wadler, Brad Williamson and Matt Robbins of Berkadia Miami arranged the financing. Exchange at the Beach was developed in 2022 and is comprised of one- and two-bedroom units and amenities that include a pool …
TRAVELERS REST, S.C. — S3 Capital has provided a $29.8 million loan to Clear Mountain Properties for the development of Liva Travelers Rest, a 152-unit community in Travelers Rest. Cooper Horowitz arranged the financing. Liva Travelers Rest will consist of five three-story buildings and seven two-story buildings featuring 120 apartment units and 32 townhomes in a mix of one-, two- and three-bedroom floor plans. Amenities will include a resort-style pool, a clubhouse and fitness center, fire pit, a dog park and bike storage. Capstone Building Corp. is the general contractor. …
OLYMPIA, WASH. — Northmarq’s Seattle-based investment sales team led by Joe Kinkopf, Steve Fischerand and Tyler Smith has arranged the $19.5 million sale of Merritt Manor, an 82-unit affordable housing community located at 3335 Martin Way E. in Olympia. Northmarq represented the seller, doing business as Fourth Street’s Merritt Manor LLC. The buyer was an entity named Merritt Manor LLC. Merritt Manor was developed in 2020 and includes amenities such as a community garden, grills, a playground, electric vehicle charging stations and a lounge. Specific income restrictions were not disclosed, …
AVONDALE, ARIZ. — Avalon Townhomes, a 70-unit rental townhome community 18 miles west of Phoenix, has been acquired by LVP Partners for $30.1 million. Mark Forrester, Andrew Curtis and Ryan Boyle of Berkadia Phoenix led the transaction on behalf of the seller, Bela Flor & TruVista Development. The property opened in 2025, offering a mix of two- and three-bedroom townhomes with dedicated driveways, enclosed backyards and electric vehicle chargers. Community amenities include a resort-style pool and hot tub, a pet park, an outdoor fitness circuit, grilling area and guest parking.
PORT WENTWORTH, GA. — Henderson Park and Green Room Partners have acquired Pointe Grand, a 288-unit garden-style community in Port Wentworth, a suburb of Savannah. The sales price and seller were not publicly disclosed, but Hillpointe sold the asset in 2022 for $86.4 million. Built in 2021, Pointe Grand is situated on 36 acres and is comprised of two-bedroom units. Amenities include a pool, a 24-hour fitness center, a dog park, a firepit, clubhouse, valet trash services, a coffee and tea bar and a picnic area with grills.
DALLAS — BDT & MSD Partners and Trammell Crow Co. have topped out the Knox Street mixed-use project under construction in Dallas. Knox Street includes The Lora, a 27-story, 186-unit apartment tower, as well as 150,000 square feet of office space, 100,000 square feet of retail, a half-acre park and The Knox Hotel and Residences, a 140-room hotel and 47 luxury for-sale condos. The Lora is one of the first buildings that will be complete this summer, according to the developers. The Lora will offer a mix of one-, two-, …
PLEASANT PRAIRIE, WIS. — Berkadia has arranged the sale of two properties, Cobblestone Creek and Fountain Ridge, in Pleasant Prairie, Wisconsin, a village about 37 miles south of Milwaukee and 56 miles north of Chicago. The buyer was Illinois-based Santefort Real Estate Group. The undisclosed seller was represented by Pete Evans of Berkadia Chicago and Richard Evans of Berkadia Milwaukee. The deal closed on Feb. 11, at which time both properties were fully occupied. Laura Cathlina, Chris Blechschmidt and Emily Stang of Berkadia Chicago arranged approximately $69 million in acquisition financing …
TOMBALL, TEXAS — Wood Partners has broken ground on Alta Timberline, a 204-unit community in Tomball, 34 miles northwest of Houston. Completion is slated for May 2027. The seven three-story buildings will feature a mix of one-, two- and three-bedroom layouts. The ground-floor units offer a private yard, while upper-level floors feature personal balconies. Amenities include a clubhouse, a resort-style pool, an outdoor kitchen area with gas grill stations, a TV, fans and seating for lounging and dining, two pickleball courts, a dog park, a pet spa, a business lounge, …
CARY, N.C. — Locally based Woodfield Development has opened EMORIE at Alston Town Center, a 302-unit property in Cary adjacent to a regional, open-air center, owned by American Asset Corp., anchored by Whole Foods. Located at 3905 Mahal Ave., EMORIE, features a mix of studio, one- and two-bedroom units ranging from 682 to 2,647 square feet. Additionally, the development includes a mix of townhomes, three penthouses and carriage units with private garages. Amenities feature a resort-style pool and courtyard with private cabanas and an outdoor kitchen, a fitness center and …
