Berkadia Arranges Equity Partner for Capstone Communities’ Central Georgia Build-for-Rent Community
Berkadia announces it has sourced $13.2 million in equity for Capstone Communities to develop The Cottages at Warner Robins, a low-density multifamily development located in the central Georgia town of Warner Robins. The cottage-style...
$72.5 million construction loan secured for luxury high-rise condo development in Tampa
JLL Capital Markets announced it has arranged a $72.5 million construction loan for the development of Altura Bayshore, a 73-unit, luxury, high-rise condominium project directly off of the renowned Bayshore Boulevard in Tampa, Florida.
JLL...
Multihousing community financed in suburban Savannah with $24 million loan
JLL Capital Markets announced that it has arranged a $24 million financing for Ashton at Richmond Hill, a 232-unit, garden-style, affordable apartment community in the Savannah, Georgia suburb of Richmond Hill.
JLL worked on behalf...
Joint Venture between PCCP, LLC and Alliance Residential Company is formed for the ground-up...
PCCP, LLC and Alliance Residential Company have formed a joint venture for the ground-up development of Prose New Hope, a 344-unit garden-style apartment community located at 4100 Buffaloe Road in Raleigh, NC. Construction has...
Stonebridge acquires 242-unit Durham, NC apartment community for $56 million
StoneBridge Investments of Washington, DC, has acquired Haven at Patterson Place, a 242-unit rental apartment community in Durham, NC, for $56.2 million. Howard Jenkins and Kevin Kempf of CBRE Southeast Multifamily represented the seller,...
$37 million in refinancing secured for a multihousing portfolio in Florida
JLL Capital Markets announced that it has arranged refinancing in the aggregate amount of $37 million for a four-property, 460-unit multihousing portfolio located in Gainesville, Florida.
JLL worked on behalf of the borrower, American Commercial...
Haven Realty Capital surpasses $1.1 billion in build-to-rent portfolio value
Haven Realty Capital, one of the most active investor/operators of build-to-rent (BTR) communities in the United States, has surpassed $1.1 billion in controlled BTR assets, achieving the milestone in less than 15 months.
Leveraging more...
FCP announces $56.2 million sale of Haven at Patterson Place apartments in Durham, North...
FCP announces the sale of Haven at Patterson Place apartments in Durham, NC for $56.2 million. The 242-unit apartment community was acquired by FCP in November 2015 for $24.6 million.
“We are pleased with the successful...
American Landmark acquires Charlotte apartments
American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired the Delaney Apartments in Concord, a suburb to the northeast of Charlotte, N.C. The property has been renamed...
Middleburg Communities welcomes Heath Flowers as Chief Technology Officer
Middleburg Communities welcomes Heath Flowers as Chief Technology Officer, with overall responsibility for technology operations and strategies for the company. His primary responsibilities include planning, implementing, managing, and constant improvement across the technology operations...
Cushman & Wakefield arranges $37.75 million sale of Canopy Creek multifamily property in Jacksonville
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Canopy Creek, a 288-unit multifamily community located at 11291 Harts Rd. The final transaction price was $37.75 million,...
SKS, MRK acquire 198-unit Gaithersburg, Maryland apartment community for $51.5 million
Newly launched SKS Realty Partners of Rockville, MD has joined with MRK Partners of Los Angeles, CA to acquire Amber Commons, a 198-unit garden apartment community in Gaithersburg, Maryland, for $51.5 million. Over the...
Dominium promotes Shaun Reinhardt to Vice President and Project Partner
Dominium, a leading national owner, developer, and manager of affordable housing, announced that it has promoted Shaun Reinhardt to Vice President and Project Partner. In his new role Reinhardt is responsible for new project...
UIP, Churchill Living acquire 300-unit apartment tower across from Amazon HQ2
An affiliate of The UIP Companies, Inc. (UIP) and an affiliate of Churchill Living (CRE) have acquired The Millennium, a 300-unit apartment community directly across Metropolitan Park from Amazon’s new HQ2. The 19-story tower...
JLL arranges $318.45 million financing for six-property multihousing portfolio
JLL’s Capital Markets group announced that it secured a $318.45 million acquisition loan for a six-property, 1,494-unit multihousing portfolio located across Maryland, Virginia and Alabama.
JLL represented the borrower, Carter Multifamily, to secure the floating-rate,...
