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21-Apartments-Fort-Lauderdale
FloridaInvestment SalesNewsSoutheast

Marcus & Millichap Arranges $6 Million Sale in Fort Lauderdale

by Lynn Peisner

FORT LAUDERDALE, FLA. — Marcus & Millichap has arranged the $6 million sale of 21 Apartments in Fort Lauderdale. Built in 1953 and renovated throughout the years, 21 Apartments is located at 2100 NE 33rd Ave. The two-story property comprises a mix of studios, one-bedroom and two-bedroom apartments. Each unit is furnished. The property features on-site laundry facilities, a pool, outdoor lounge areas and an on-site management office. Marcus & Millichap’s team was led by Evan Kristol, Felipe Echarte, Brandon Rex and Austin Michels. The team represented the seller and …

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Versa-Indianapolis
DevelopmentIndianaMidwestNews

Milhaus and Partners Complete Versa in Indianapolis

by Lynn Peisner

INDIANAPOLIS — Milhaus, Gershman Partners and Citimark have opened Versa, a 232-unit community in the Broad Ripple neighborhood of Indianapolis. Located at 6220 Guilford Ave., Versa is comprised of studio, one-, two- and three-bedroom units, including three penthouse apartments with panoramic views of Broad Ripple Avenue. The development also offers 245 parking spaces, 4,000 square feet of retail space and a rooftop deck. Architecture and interior design was provided by DKGr. The property’s name was inspired by the phrase “vice versa.” Amenities include a clubhouse with a game room, a …

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RAM-Miami-River-North
BerkadiaFinanceFloridaNewsSoutheast

Berkadia Arranges $17.8 Million ReFi for Miami Community

by Lynn Peisner

MIAMI — Berkadia has arranged a $17.8 million Fannie Mae loan for Rental Asset Management (RAM). The sponsor will refinance RAM Miami River North, a 96-unit community in the Little Havana area of Miami that RAM acquired in 2022. Berkadia’s Miami-based team consisted of Mitch Sinberg, Scott Wadler, Brad Williamson, Matt Robbins and Hugo Hernandez. RAM is an Oakland Park, Florida-based multifamily owner and operator. Berkadia also arranged the original acquisition loan through Amerant. “Almost three-quarters of the units at RAM Miami River North offer rents at 120 percent of …

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Spectrum-Village-Burlington-New-Jersey
DevelopmentNew JerseyNewsNortheast

TFE Buys Property for New Ground-Up Development Near Philadelphia

by Lynn Peisner

BURLINGTON TOWNSHIP, N.J. — TFE Properties has acquired a 13-acre property at the corner of Fountain Avenue and the Burlington Bypass in Burlington Township, 26 miles northeast of Philadelphia. On the site, TFE, a development company based in East Windsor, New Jersey, will begin construction later this year on Spectrum Village, a four-building community that will feature one-, two- and three-bedroom units. A total unit count was not disclosed. Each apartment features a master bedroom, a balcony or patio, a full-sized washer and dryer, and a kitchen with quartz countertops …

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Echo-Austin
Investment SalesNewsTexas

Newmark Arranges Two-Property Sale in Austin and Dallas

by Lynn Peisner

DALLAS AND AUSTIN, TEXAS — Newmark has arranged the sale of and acquisition financing for two Texas properties acquired by Austin-based Karlin Real Estate. The two properties were Echo and Brady. Echo is a 274-unit, seven-story property that features such amenities as a seventh-floor sky lounge with downtown views and structured parking. Brady is an 18-story, 299-unit community in Uptown Dallas that includes a roof-top terrace, a pool, a fitness and business center and pet facilities. Newmark’s Austin- and Dallas-based teams that arranged the transaction were led by Patton Jones, …

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Affordable HousingInvestment SalesKentuckyNewsOperationsSoutheast

Fairstead Acquires Kentucky Affordable Housing Community

by Lynn Peisner

LOUISVILLE, KY. — New York City-based Affordable housing developer and operator Fairstead has acquired a general partner interest in City View Park, an affordable housing community in Louisville. Via the partnership, Fairstead will assume the role of owner and property manager. The community includes 72 one-bedroom, 221 two-bedroom, 179 three-bedroom and 31 four-bedroom residences. Of the 503 total units, 468 are supported by Section 8 contracts, and all homes are governed by Low-Income Housing Tax Credit (LIHTC) affordability restrictions, reserved for residents earning no more than 60 percent of the …

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Sutton-Row-Woodstock
DevelopmentGeorgiaNewsSoutheast

Mesa Capital Partners Breaks Ground on Sutton Row in Woodstock, Georgia

by Lynn Peisner

WOODSTOCK, GA. — Atlanta-based Mesa Capital Partners has broken ground on Sutton Row, a 290-unit project situated on 9 acres within the Buice Lake master-planned community in Woodstock, 30 miles north of Atlanta. Amenities will include a multi-story clubhouse with a coffee bar and market, a coworking lounge with private conference space and a fitness center with a yoga studio and spin room. Outside, residents will have access to a resort-style pool, a covered pavilion with grilling stations and direct access to a future walking trail. Focus Design Interiors is …

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1350-1352-N.-Cleveland-Ave-Chicago
IllinoisInvestment SalesMidwest

Interra Arranges $2.3 Million Sale of Six-Unit Chicago Property

by Lynn Peisner

CHICAGO — Interra Realty has arranged the $2.3 million sale of 1350-1352 N. Cleveland Ave. in Chicago’s Old Town neighborhood. Interra’s Senior Managing Partner Brad Feldman represented the seller, Highland Real Estate Partners. Feldman also represented the buyer, a private investment firm. The building was fully occupied at the time of sale. Constructed in 1969, the property features six three-bedroom apartments with granite countertops, stainless steel appliances, individual HVAC units and in-unit laundry. The property also includes six on-site parking spots.

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Kimberly-Ridge-NC
Affordable HousingDevelopmentFinanceNewsNorth CarolinaSoutheast

LEDG Completes Renovation of North Carolina Affordable Housing Property

by Lynn Peisner

KANNAPOLIS, N.C. — LEDG Capital has completed the $5.5 million renovation of Kimberly Ridge, a 76-unit property in Kannapolis the private affordable housing investor acquired in April 2024. Kannapolis is 28 miles northeast of Charlotte. During the 11-month rehabilitation effort at Kimberly Ridge, LEDG installed new kitchens, bathrooms, lighting fixtures and energy-efficient heating and cooling systems in all units and replaced roofs and repaired siding, gutters and parking surfaces. New community amenities and security features were added, and six apartments were modified to meet accessibility standards for the mobility impaired. …

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Coyote-Creek-San-Jose
Architecture & DesignCaliforniaDevelopmentNewsWestern

KTGY, Hanover Co. Break Ground on Market-Rate Community in Bay Area Mixed-Use Project

by Lynn Peisner

SAN JOSE, CALIF. — Developer Hanover Co. and architect KTGY have begun construction of Hanover Parkside, the first residential building located within Coyote Creek Village, a 22-acre mixed-use development in North San Jose. KTGY designed the three market-rate buildings, comprising 1,140 units, within 9.3 acres of the project. The master plan also includes 154 for-sale townhomes developed by SummerHill Homes and 136 affordable rental apartments that The Pacific Cos. will deliver in future phases. The first building, Hanover Parkside, is slated for completion by the fourth quarter of 2027. The …

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