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Lock Lane Apartments in Madison, Wisconsin
DevelopmentMidwestNewsWisconsin

Vermilion to Develop 309-Unit Lock Lane Apartments in Madison, Wisconsin

by Channing Hamilton

MADISON, WIS. — Vermilion Development will develop Lock Lane Apartments, a 309-unit project located on an 8.5-acre site in Madison. McShane Construction Co. will construct the property. Potter Lawson is the project architect. JLL arranged equity capital through Quartz Lake Capital and Clarion Partners. CIBC is providing construction financing.  Lock Lane Apartments will consist of two five-story buildings that house 289 apartments, as well as three two-story townhome buildings with 20 units. The property will also include a two-level parking garage. Planned amenities include green roof areas, fitness centers, clubrooms, …

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McAlpine Vista in Charlotte, North Carolina
DevelopmentFinanceNewsNorth CarolinaSoutheast

JLL Capital Markets Arranges $43.6 Million Construction Financing for McAlpine Vista in Charlotte, North Carolina

by Channing Hamilton

CHARLOTTE, N.C. — JLL Capital Markets has secured a $43.6 million loan to finance the construction of McAlpine Vista, a 320-unit development in Charlotte. Matthew Schoenfeldt of JLL arranged the three-year, non-recourse, floating-rate loan through Hartford Investment Management Co. (HIMCO) on behalf of the borrower, Vista Residential Partners. Situated on 14.8 acres at 8011 Krenfeld Drive, McAlpine Vista will comprise 320 apartments. Units will come in one-, two- and three-bedroom floor plans. Amenities will include a 7,750-square-foot clubhouse with a fitness center, coworking spaces and a club room, as well …

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888 Fourth St. Apartments in Santa Rosa, California
CaliforniaInvestment SalesNewsWestern

Interstate Equities Acquires 108-Unit Property in Santa Rosa, California for $38 Million

by Channing Hamilton

SANTA ROSA, CALIF. — Interstate Equities Corp. has purchased 888 Fourth St. Apartments, a 108-unit asset located in downtown Santa Rosa, from a private individual for $38 million. The community was roughly 50 percent occupied at the time of sale. The Interstate Equities investment team and Philip Saglimbeni of Institutional Property Advisors handled the all-cash transaction.

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FinanceNew MexicoNewsWestern

Dwight Mortgage Trust Provides $56.3 Million Bridge Loan for Madera Apartments in Santa Fe, New Mexico

by Channing Hamilton

SANTA FE, N.M. — Dwight Mortgage Trust, an affiliate REIT of Dwight Capital, has provided $56.3 million in bridge financing for Madera Apartments in Santa Fe. The borrower, Thrive Development, plans to use the funds to retire the existing construction debt and complete construction and lease-up of the property. Madera Apartments will consist of 218 townhome-style units across 20 two-story buildings. Residences will come in one-, two- and three-bedroom layouts. Units will feature patios or balconies, in-unit washers and dryers, walk-in closets and smart home technology. Planned amenities include a …

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The Quarry in Fort Collins, Colorado
ColoradoDevelopmentLeasing & MarketingNewsWestern

Thompson Thrift Opens 319-Unit The Quarry in Fort Collins, Colorado

by Channing Hamilton

FORT COLLINS, COLO. — Thompson Thrift has opened The Quarry, a 319-unit community in Fort Collins, roughly 65 miles north of Denver. The Quarry is situated on a 20-acre site at 1775 Ashlar Drive, near the main campus of Colorado State University. The Quarry features one-, two- and three-bedroom apartment units in three- and four-story buildings, as well as 10 single-family villa structures and detached garages. Units feature bar kitchens with quartz countertops, walk-in closets and full-size washers and dryers. Select units also feature fenced yards. Amenities include a clubhouse, …

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ArizonaFinanceNewsWestern

Greystone Arranges $14 Million Refinancing for Build-to-Rent Community in Tucson, Arizona

by Channing Hamilton

TUCSON, ARIZ. — Greystone has arranged a $14 million debt placement for the refinancing of Linda Vista Luxury Rentals, a 64-unit build-to-rent community in Tucson. The property was recently completed in 2024 and is currently in lease-up. Amenities include a pool and spa. The financing was provided by an undisclosed lender and includes a 36-month term. Shana Daby and Rebecca Reich of Greystone sourced the transaction. Thomas Wayda and Dante DiStefano handled the debt placement.

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FloridaInvestment SalesNewsSoutheast

Integra Investments Acquires 317-Unit Monaco Isles in West Palm Beach, Florida

by Channing Hamilton

WEST PALM BEACH, FLA. — Miami-based investor and developer Integra Investments has acquired Monaco Isles, a 317-unit community located at 800 The Pointe Drive in West Palm Beach. Axonic Properties sold the asset for an undisclosed price. The garden-style property rises two stories. Amenities include a pool and jacuzzi, fitness center, clubhouse, business center, children’s playground, picnic area and dog park.

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Milford Station in Pikesville, Maryland
FinanceMarylandNewsNortheast

Colliers Secures $24.5 Million Refinancing for Milford Station in Suburban Baltimore

by Channing Hamilton

PIKESVILLE, MD. — Colliers has secured a $24.5 million loan for the refinancing of Milford Station, a 199-unit community located at 19 Warren Park Drive in Pikesville, approximately 15 miles northwest of Baltimore. The community features amenities such as a pool, laundry facilities, controlled building access, playground, picnic area and complimentary parking, according to Apartments.com. Bob Beckman of Colliers arranged the non-recourse loan, which features a 30-year term and fixed interest rate of 5.1 percent. Gelfund RE Opportunities and GY Properties were the borrowers.

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Affordable HousingDevelopmentMidwestNewsWisconsin

Partnership Completes 48-Unit Affordable Housing Development in Green Bay, Wisconsin

by Channing Hamilton

GREEN BAY, WIS. — A partnership between Gorman & Co. and the Lutheran Social Services of Wisconsin and Upper Michigan (LSS) has completed Bay City Lofts, a 48-unit affordable and supportive housing community in Green Bay. The property is located at 2510 University Ave. Of the total unit count, 40 are set aside for tenants earning between 30 and 60 percent of the area median income. The remaining eight units are market rate. Amenities include a community room, fitness center and onsite offices for LSS, which will provide supportive services …

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Urban East in Austin, Texas
Affordable HousingInvestment SalesNewsTexas

JLL Arranges $55.5 Million Refinancing for Urban East in Austin, Texas

by Channing Hamilton

AUSTIN, TEXAS — JLL has arranged a $55.5 million loan for the refinancing of Urban East, a 381-unit community in Austin. JLL arranged the floating-rate debt on behalf of the owner, a partnership between Battery Global Advisors, the Housing Authority of the City of Austin, River City Capital Partners and LDG Development. The direct lender was Goldman Sachs Alternatives. Recently built in 2023, Urban East offers studio, one-, two- and three-bedroom floor plans. Amenities include two pools, a fitness center, private conference rooms, a rooftop lounge, resident clubhouse and kitchen, …

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