Sunday, December 22, 2024
Read the Digital Magazines Subscribe to the Newsletter

News

Arden Townhomes in Warrenville, Illinois
FinanceIllinoisMidwestNews

Cantera Townhomes Secures $25 Million Financing for Arden Townhomes Near Chicago

by Channing Hamilton

WARRENVILLE, ILL. — Cantera Townhomes LLC has received $25 million for the refinancing of Arden Townhomes, a 60-unit townhome community located in the Cantera neighborhood of Warrenville, about 30 miles west of Chicago. Situated at 28291-28417 Torch Parkway, Arden Townhomes offers three-bedroom units averaging 1,898 square feet. The asset was recently built in 2024. JLL represented the borrower in securing the $20 million, two-year, floating-rate senior loan through an entity managed by Argentic Investment Management LLC. Pearlmark provided an additional $5 million in mezzanine financing. Trent Niederberger and Philip Galligan …

Continue Reading
0 FacebookTwitterLinkedinEmail
Avalon Townhomes at Bee Cave in Bee Cave, Texas
Investment SalesNewsTexas

AvalonBay Communities Acquires 126-Unit Townhome Community Near Austin, Texas

by Channing Hamilton

BEE CAVE, TEXAS — AvalonBay Communities has acquired Brisa Townhomes, a townhome community located at 4810 Brisa Way in Bee Cave, approximately 15 miles west of Austin. Patton Jones and Andrew Dickson of Newmark Multifamily Capital Markets represented the undisclosed seller in the deal. The sales price was also not disclosed. Brisa Townhomes was built on 17 acres in 2022. The two-story community offers three- and four-bedroom units. Each townhome includes a direct access, two-car garage. Residents have access to amenities such as a pool, outdoor kitchen with grills, private conference room, fitness …

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentNewsTexas

LEDG Capital Completes $12 Million Renovation of Affordable Housing Community in Lubbock, Texas

by Channing Hamilton

LUBBOCK, TEXAS — Seattle-based LEDG Capital has completed the $12 million renovation of Southstead, a 244-unit mixed-income property in Lubbock. Southstead was constructed in phases in the 1970s. The community consists of 11 two-story buildings and 14 single-story buildings on a 20-acre site. Of the total unit count, 100 are available at market rates. In addition to upgrading kitchens, bathrooms and HVAC systems, LEDG Capital renovated the community with new roofs, painting, pathways, parking areas, a playground and trash enclosures. Merchants Capital financed the project, which lasted 11 months. According …

Continue Reading
0 FacebookTwitterLinkedinEmail
Pearson Gardens in Anaheim, California
CaliforniaInvestment SalesNewsWestern

CBRE Arranges $16.8 Million Sale of Two Properties in Anaheim, California

by Channing Hamilton

ANAHEIM, CALIF. — CBRE has arranged the $16.8 million sale of two properties totaling 53 units in Anaheim. Dan Blackwell and Amanda Fielder of CBRE facilitated a 1031 exchange on behalf of the buyer, an Orange County-based private investor. The properties included in the sale were Aria Apartments and Pearson Gardens.  Aria Apartments is a 33-unit community located on a 1.2-acre site at 2910 W. Ball Road. The asset comprises 24,796 square feet of rentable space across six two-story buildings. Units come in one- and two-bedroom layouts. Amenities include an …

Continue Reading
0 FacebookTwitterLinkedinEmail
Skye at Hunter’s Creek in Kissimmee, Florida
FinanceFloridaNewsSoutheast

ZMR Capital Secures $42.5 Million Loan for Skye at Hunter’s Creek in Kissimmee, Florida

by Channing Hamilton

KISSIMMEE, FLA. — ZMR Capital, an investment firm based in Tampa, Florida, has secured a $42.5 million bridge loan for Skye at Hunter’s Creek, a 216-unit community located at 1300 Santa Rosa Drive in Kissimmee. Brad Williamson, Wesley Moczul, Mitch Sinberg, Matt Robbins and Scott Wadler of Berkadia arranged the loan on behalf of the borrower. Nuveen Real Estate provided the three-year, floating-rate loan, which was underwritten with two one-year extension options, full-term interest only payments, a 68 percent loan-to-value ratio, an interest rate cap and flexible prepayment terms. Built …

Continue Reading
0 FacebookTwitterLinkedinEmail
Governor’s Inn in Williamsburg, Virginia
DevelopmentNewsSoutheastVirginia

Breeden Construction Completes $33.5 Million Community in Williamsburg, Virginia

by Channing Hamilton

WILLIAMSBURG, VA. — Breeden Construction has delivered Governor’s Inn, a 164-unit community in Williamsburg, roughly 50 miles east of Richmond, Virginia. An entity doing business as CDG Holdings LLC is the developer behind the $33.5 million project. Governor’s Inn consists of six residential buildings that rise two to four stories. Amenities include a pool, fitness center, outdoor grilling station and a clubhouse.

Continue Reading
0 FacebookTwitterLinkedinEmail
Allez Apartments in Redmond, Washington
FinanceNewsWashingtonWestern

Pine Forest Properties Secures $30 Million Refinancing for Allez Apartments in Redmond, Washington

by Channing Hamilton

REDMOND, WASH. — Pine Forest Properties has received a $30 million loan for the refinancing of Allez Apartments, a 148-unit community located in downtown Redmond. Seth Heikkila and Steve Petrie of JLL Capital Market’s Debt Advisory team arranged the 10-year, fixed-rate loan through PGIM Real Estate. Located at 8397 158th Ave. NE, Allez Apartments offers studio, one- and two-bedroom floor plans. The community participates in Redmond’s ARCH program, designating 12 units as affordable housing at 80 percent of area median income. Amenities include a fitness center, resident lounge, outdoor patio with …

Continue Reading
0 FacebookTwitterLinkedinEmail
The Mark at Wildwood in Oxford, Florida
FloridaInvestment SalesNewsSoutheast

JLL Capital Markets Brokers Sale of 294-Unit The Mark at Wildwood in Oxford, Florida

by Channing Hamilton

OXFORD, FLA. — JLL Capital Markets has brokered the sale of The Mark at Wildwood, a 294-unit community located at 3795 Bismark Court in Oxford, approximately 60 miles northwest of Orlando, Florida. Cliff Taylor, Joe Ayers, Ryan Hixon, Tucker Brooks and Mike Scott of JLL represented the sellers, Varden Capital Properties and Tellus Partners, in the deal. TriBridge Residential purchased the asset for an undisclosed price. The Mark at Wildwood was completed in 2023. The community offers a mix of one-, two- and three-bedroom floor plans, including flat and carriage …

Continue Reading
0 FacebookTwitterLinkedinEmail
Residences at Stevens Pond in Saugus, Massachusetts
Investment SalesMassachusettsNewsNortheast

Waterton Acquires 326-Unit Residences at Stevens Pond in Suburban Boston

by Channing Hamilton

SAUGUS, MASS. — Chicago-based Waterton has acquired Residences at Stevens Pond, a 326-unit community in Saugus, approximately 10 miles north of Boston. The seller and sales price were not disclosed. Constructed in 2003, Residences at Stevens Pond consists of 25 three-story buildings, as well as a clubhouse. The community features one-, two- and three-bedroom units, including apartments, lofts and townhomes. Amenities include a pool and spa, outdoor pavilion with fireplace, fitness center, arcade, indoor half-basketball court and golf simulator. The property is surrounded by the Breakheart Reservation, a 652-acre public …

Continue Reading
0 FacebookTwitterLinkedinEmail
Tanglewood @ Davis in Davis, California
CaliforniaFinanceNewsWestern

Dwight Capital Provides $59.9 Million Refinancing for 216-Unit Complex in Davis, California

by Channing Hamilton

DAVIS, CALIF. — Dwight Capital has closed a $59.9 million HUD 223(f) loan for the refinancing of Tanglewood @ Davis, a garden-style community located in Davis, 15 miles west of Sacramento, California. The funds will be used to retire existing debt, cover closing costs, complete necessary repairs and establish a replacement reserve account for future capital improvements. Elliot Hart of Dwight Capital originated the financing. The borrower was not disclosed. Tanglewood @ Davis is situated on a 14.3-acre site. The complex offers 216 one-, two-, and three-bedroom apartment units across 30 …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2024 France Publications, dba France Media Inc.