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Avisa Lakes in Orlando, Florida
FinanceFloridaInvestment SalesNewsSoutheast

JLL Capital Markets Arranges $50 Million Sale, $35 Million Financing for Avisa Lakes in Orlando, Florida

by Channing Hamilton

ORLANDO, FLA. — JLL Capital Markets has arranged the $50 million sale of Avisa Lakes, a garden-style community located at 7960 Pine Crossing Circle in Orlando. JLL represented the seller, Lloyd Jones LLC and ST Real Estate Holding Inc., and procured the buyer, Beachwold Residential LLC. Situated on a 22.4-acre site, Avisa Lakes consists of 292 units across 16 buildings. Apartments come in one- and two-bedroom floor plans and average 850 square feet each. Community amenities include a playground, pool, clubhouse and game room, two dog parks, a soccer court, …

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The Lofts at Noho Commons in Los Angeles
CaliforniaInvestment SalesNewsWestern

Institutional Property Advisors Negotiates $92.5 Million Sale of The Lofts at Noho Commons in Los Angeles

by Channing Hamilton

LOS ANGELES — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of The Lofts at Noho Commons, a 292-unit community located in the NoHo Arts District of Los Angeles. The GPI Cos., an investment and development firm based in Los Angeles, acquired the asset from a joint venture partnership for $92.5 million. Joseph Grabiec, Kevin Green and Gregory Harris of IPA represented the seller and procured the buyer in the deal. Lofts at NoHo Commons was built in 2006. The unit mix includes 237 …

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Madison Bradenton in Bradenton, Florida
FloridaNewsSoutheast

Berkadia Originates $110.7 Million in Financing for Two Developments in Florida

by Channing Hamilton

BRADENTON AND MELBOURNE, FLA. — Berkadia has originated two loans totaling $110.7 million for two projects in Bradenton and Melbourne. Bradenton is located roughly 45 miles south of Tampa, Florida, while Melbourne is approximately 72 miles southeast of Orlando. Both properties will comprise 240 units and are slated for completion in 2026. Alec Fox of Berkadia’s Tampa office secured the financing on behalf of the sponsor, Charlotte-based Madison Capital Group. Berkadia secured $60 million in construction financing for Madison Bradenton, consisting of a $47 million senior loan provided by Peachtree Group …

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Samo Collection in Santa Monica, California
Affordable HousingCaliforniaInvestment SalesNewsWestern

Gortikov Capital Purchases 399-Unit Affordable Housing Portfolio in Santa Monica, California for $120 Million

by Channing Hamilton

SANTA MONICA, CALIF. — Locally based brokerage and advisory firm Gortikov Capital has purchased Samo Collection, a portfolio of affordable housing communities in Santa Monica, for $120 million. The portfolio comprises 399 units across 11 buildings. The properties were constructed between 1997 and 2009. Samo Collection offers studio, one-, two- and three-bedroom apartments with stainless steel appliances, hardwood-style flooring and central heating and air conditioning. The name of the seller was not released.

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Smoky Hollow in Raleigh, North Carolina
FinanceNewsNorth CarolinaSoutheast

Barings Provides $134 Million Refinancing for Smoky Hollow in Raleigh, North Carolina

by Channing Hamilton

RALEIGH, N.C. — Barings has provided a $134 million loan for the refinancing of Smoky Hollow, a mixed-use development located in the Glenwood South neighborhood of Raleigh. Smoky Hollow was constructed in 2020. The property includes The Line, a 283-unit apartment community. The Line features studio, one-, two and three-bedroom floor plans. Amenities include a pool, clubroom, social lounge, coworking space, fitness center, outdoor grilling and dining stations and a package delivery room. In addition to The Line, Smoky Hollow also features a 229,000-square-foot office building known as 421 North …

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The Gabriel in Pomona, California
CaliforniaInvestment SalesNewsWestern

CP Capital Sells 312-Unit Community in Suburban Los Angeles

by Channing Hamilton

POMONA, CALIF. — CP Capital has sold The Gabriel, a 312-unit apartment community in Pomona, approximately 30 miles west of Los Angeles. The property is situated at 2771 N. Garey Ave., adjacent to the Pomona North Metrolink Station. The buyer and sales price were not disclosed. The Gabriel was completed in 2022.  The four-story development offers apartments featuring stainless steel appliances, quartz countertops, plank flooring and smart home technology such as Honeywell Wi-Fi thermostats, community video intercoms, Brivo keyless entry in common areas and ButterflyMX virtual keys. According to Apartments.com, …

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4909 Auburn in Bethesda, Maryland
DevelopmentLeasing & MarketingMarylandNewsNortheast

Willow Bridge Property Co. Begins Leasing 11-Story 4909 Auburn in Bethesda, Maryland

by Channing Hamilton

BETHESDA, MD. — Willow Bridge Property Co. has begun leasing 4909 Auburn, an 11-story residential tower that is approaching completion in the Woodmont Triangle neighborhood of Bethesda. The community will offer 167 apartments in studio, one- and two-bedroom floor plans. Units will range from 364 to 1,333 square feet. Planned amenities include a fitness center and yoga studio, steam and sauna rooms, pet spa and a parking garage with electric vehicle charging stations. Residents will also have access to a rooftop terrace with a TV and grilling area, common and …

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21 Kristen Apartments in Schaumburg, Illinois
FinanceIllinoisMidwestNews

Bayshore Properties Secures $61.6 Million Refinancing for 21 Kristen Apartments in Chicago Suburb

by Channing Hamilton

SCHAUMBURG, ILL. — Bayshore Properties has secured $61.6 million for the refinancing of 21 Kristen Apartments, a 357-unit property in Schaumburg, roughly 30 miles west of Chicago. Greystone provided a $55.6 million Freddie Mac loan with a five-year term. 7Acres provided $6 million in preferred equity funds. Eric Rosenstock and Dan Sacks of Greystone structured the financing. 21 Kristen Apartments is a condo deconversion that Bayshore acquired in 2022. Bayshore has since invested more than $2.5 million in capital expenditures at the property. Of the total units, 30 percent are …

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LEO at Flint Crossing in Huntsville, Alabama
Company NewsDevelopmentFloridaNewsSoutheast

Advenir, Azora Create $3 Billion Partnership to Address National Housing Shortage

by Channing Hamilton

MIAMI AND AVENTURA, FLA. — Florida-based Advenir, which acquires, develops and manages multifamily and single-family rental communities, has entered into a partnership with Spanish global investment firm Azora to create “attainable” rental housing in various markets across the U.S. The deal creates a new, combined corporation called Advenir Azora, which will focus on acquisition, development, asset management, property management and fund services capabilities. Advenir Azora is expected to deploy more than $3 billion over the next five years in hopes of developing at least 10,000 new single-family rental homes and acquiring …

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Grover Landing in Warner Robins, Georgia
Build-to-RentDevelopmentFinanceGeorgiaNewsSoutheast

Parkland Residential Secures $57 Million Refinancing for Build-to-Rent Development in Warner Robins, Georgia

by Channing Hamilton

WARNER ROBINS, GA. — Parkland Residential has secured $57 million in financing for Grover Landing, a 317-unit build-to-rent development currently underway in Warner Robins, approximately 20 miles south of Macon, Georgia. The loan will be used to refinance the units that have already been completed at the community. Grover Landing offers two-, three- and four-bedroom residences. Amenities include a pool with a cabana, playground, pocket parks and a playfield, as well as yard maintenance, pest control, home repairs and appliances. Avi Kozlowski, Thomas Wayda and Dante Distefano of Greystone arranged …

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