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Renley-Arlington
DevelopmentNewsNortheastVirginiaWashington, D.C.

Gilbane Starts Construction of Office-to-Residential Project in Metro D.C.

by Lynn Peisner

ARLINGTON, VA. — Gilbane Development has begun construction of Renley, an office-to-residential conversion at 3601 Wilson Blvd. in Arlington’s Virginia Square neighborhood. Gilbane acquired the building, developed in 2000, in March 2025. The community will include 94 market-rate units in one-, two- or three-bedroom floor plans. Renley represents one of the first projects to take advantage of Arlington County’s updated adaptive reuse policy, adopted in November 2024, which lowered costs and removed regulatory hurdles for developers. The redevelopment plan will preserve the building’s exterior façade. Inside, amenities will include tenant storage …

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Reserve-at-Three-Ridges-Knoxville
Build-to-RentDevelopmentLeasing & MarketingNewsOperationsSoutheastTennessee

ARK Homes for Rent Begins Pre-Leasing at Knoxville BTR Project

by Lynn Peisner

KNOXVILLE, TENN. — ARK Homes for Rent has begun pre-leasing at The Reserve at Three Ridges in Northeast Knoxville. The 126-unit community is comprised of two-story townhomes in three- and four-bedroom floor plans with attached garages, open layouts, granite countertops and stainless steel appliances in kitchens, smart home features and walk-in closets. Amenities include a clubhouse, pool, playground and pet park. A construction completion date was not disclosed.

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Levi-at-River-City-Jacksonville
FloridaInvestment SalesNewsSoutheast

American Landmark Apartments Buys Two Jacksonville Properties, Rebrands as One Community

by Lynn Peisner

JACKSONVILLE, FLA. — American Landmark Apartments, a Tampa, Florida-based private equity-backed multifamily investment manager and owner-operator, has acquired two properties in Jacksonville for an undisclosed price. Mirador Apartments at River City and Stovall Apartments at River City, two adjacent communities totaling 552 units were acquired from Revantage, according to the Jacksonville Business Journal, which also reports the assets were acquired in 2017 for $36 million. The properties will be rebranded as Levi at River City. The communities were developed in 2007 and offer a mix of one-, two- and three-bedroom …

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Linwood-and-Troost-Kansas-City
Affordable HousingDevelopmentMidwestMissouriNews

Milhaus to Develop 194-Unit LIHTC Project in Kansas City

by Lynn Peisner

KANSAS CITY, MO. — Milhaus will develop Linwood & Troost, a 194-unit affordable housing community in Kansas City. Construction is slated to begin at the end of 2026, with completion anticipated by 2028. The Missouri Housing Development Commission (MHDC) awarded 4 percent federal Low-Income Housing Tax Credits for the project. In addition to the tax credits, funding sources include a tax abatement from Kansas City’s Planned Industrial Expansion Authority and $1.5 million awarded from the Kansas City Housing Trust Fund. The total project cost was not disclosed. Indianapolis-based Milhaus will …

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Parc-Riverside-East-DC
FinanceNewsNortheastWashington, D.C.

PCCP Provides $61.3M Refinancing Loan for Parc Riverside East in D.C.

by Lynn Peisner

WASHINGTON, D.C. — PCCP, a Los Angeles-based commercial real estate finance and investment management firm, has provided a $61.3 million refinancing loan to PGIM and Kennedy Wilson for Parc Riverside East, a luxury mid-rise community in the Navy Yard/Capital Riverfront neighborhood of Washington, D.C. Built in 2014 and located at 1011 First St. SE, the 287-unit, 13-story property is comprised of studio, one- and two-bedroom floor plans Amenities include a fitness center with Peloton bikes, a rooftop pool and sun decks with panoramic D.C. views, courtyard spaces with lounge seating, …

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Moda-Vista-Nashville
Build-to-RentDevelopmentFinanceNewsSoutheastTennessee

Forman Capital Finances $49.4M BTR Project in Nashville

by Lynn Peisner

NASHVILLE, TENN. — Forman Capital, a private direct lender, has provided a $49.4 million construction loan for Moda Vista, a 102-unit build-to-rent community at 3320 Curtis St. in the Bordeaux neighborhood of Nashville. The borrower/developer, Moda Homes, is underway on sitework in preparation for vertical construction, which the Illinois-based developer anticipates beginning in summer 2027. Additional project details have not been released.

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Cartwright-Family-Apartments-Irvine
Affordable HousingCaliforniaDevelopmentNewsWestern

C&C Opens Affordable Housing Development in Irvine, California

by Lynn Peisner

IRVINE, CALIF. — C&C Development, a Tustin, California-based affordable housing developer, has completed and opened Cartwright Family Apartments in the Irvine Business Complex. The 4 percent LIHTC project, which is fully occupied, includes 60 units reserved for households earning between 30 and 80 percent of area median income, with some units set aside for veterans. KTGY was the architect. Cartwright Family Apartments is a a single four-story residential building with a mix of 15 one-bedrooms, 17 two-bedrooms and 28 three-bedroom units. Amenities include a courtyard with a pool, barbecue pavilion, …

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Villas-Lawson-Creek-Boiling-Springs
BerkadiaInvestment SalesNewsSouth CarolinaSoutheast

Berkadia Arranges Sale of Villas at Lawson Creek in Boiling Springs, South Carolina

by Lynn Peisner

BOILING SPRINGS, S.C. — Nebraska-based Momentum Housing has sold Villas at Lawson Creek in Boiling Springs, 8 miles northwest of Spartanburg, to Charleston, South Carolina-based Matheson Capital for an undisclosed sum. Berkadia represented the seller in the transaction. Located at 9159 Asheville Highway, Villas at Lawson Creek is a 202-unit garden-style community built in 2009. The property offers one-, two- and three-bedroom units and amenties that include a pool, fitness center, grilling and picnic areas, laundry facilities, a car care center, a movie lounge and storage units.

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931-Senate-Columbia
DevelopmentNewsSouth CarolinaSoutheast

Subtext, PGIM to Build Mixed-Use Development in Columbia, South Carolina

by Lynn Peisner

COLUMBIA, S.C. — Subtext and PGIM have acquired land at 931 Senate St. in Columbia’s Vista district. The seven-floor property will be comprised of 221 units in one-, two- and three-bedroom layouts and 2,600 square feet of ground-floor retail. In December 2025, Columbia CBS affiliate WLTX reported the project cost to be approximately $80 million. Partners include Simmons Bank as lender, W.M. Jordan as general contractor, ESG as architect and interior designer, Davis & Floyd as civil engineer and structural engineer Pierce Engineering. The community will feature about 20,000 square …

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Easthaven-Pooler
FinanceGeorgiaNewsSoutheast

JLL Arranges $34.5M Refinancing for Easthaven in Pooler, Georgia

by Lynn Peisner

POOLER, GA. — Mandrake Capital Partners has obtained a $34.5 million refinancing loan for Easthaven, a 143-unit build-to-rent community in Pooler that was completed last year. Bridge Investment Group was the lender, and JLL’s Michael Zaremski and Clayton Ross arranged the financing. Easthaven’s three-bedroom townhomes are complemented by a pool, fitness center, dog park, playground and walking trails.

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