Monthly Archives: August 2022

Mill Creek Announces Groundbreaking of Modera LoSo

Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced it has broken ground on Modera LoSo, a luxury apartment community located in Lower South End.   The midrise community, which will feature 351 apartment homes, will be located within walking distance of the LYNX […]

Concord Summit Capital Closes $109 Million of Construction Loans for Multifamily and Condo-Hotel Projects

Kissimmee condo-hotel receives $54 million loan and Winter Garden multifamily development secures $55 million in financing ORLANDO/MIAMI, FL (August 2, 2022)- Concord Summit Capital, LLC (“Concord Summit”) arranged two construction loans totaling $109 million in the Greater Orlando Area. Managing Director Kevin O’Grady, Director Justin Neelis and Senior Analyst Daniel Rojo of Concord Summit’s Miami […]

Capital Square Acquires 350-Unit The Trails at Short Pump Apartment Community Located in Affluent Suburban Richmond Market

RICHMOND, VA – Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced the acquisition of The Trails at Short Pump, a 350-unit apartment community in Richmond, Virginia. The community was acquired on behalf of CS1031 The Trails at Short Pump Apartments, DST. The […]

Lifespace Communities Expands Portfolio With Agreement to Acquire Three Senior Living Communities Across Strategic Texas Markets

DALLAS, TX – Lifespace Communities announced that it has finalized an agreement with a private equity investment group for Lifespace to acquire three senior living campus communities in Texas – Meadow Lake in Tyler, Wesley Court in Abilene, and The Craig in Amarillo. The three communities are currently managed by ER Senior Management, LLC (Evergreen), […]

The Hoffman Company Brokers 18-Acre Parcel in Riverside, California, for Mixed-Use Development

The Hoffman Company, recently brokered the sale of a 482-unit apartment project on approximately 18 acres, part of a larger 35-acre mixed-use development called The Exchange being developed by the seller, AFG Development LLC. Located near the intersection of CA-60 and I-215 in Riverside, Calif., the buyer, JPI, will complete construction on the multifamily project, […]

CRE Industry Veteran Eric T. Baum Joins Greystone Monticello

Greystone Monticello announces Eric T. Baum has joined as Head of the Multifamily Bridge Sales Desk, working closely with the firms’ originators, including sizing, quoting, and issuing bridge loan applications. Formed in 2021, the Greystone Monticello joint venture provides a wide range of bridge financing options in the multifamily and seniors housing industries. Mr. Baum […]

Berkadia Secures $16.39M in Equity for Encore Enterprises to Develop Orlando Apartments

Encore Narcoossee Apartments will introduce 249 new apartments to the Lake Nona submarket ORLANDO (July 21, 2022) – Berkadia announces it has sourced a capital partner for Dallas-based Encore Multifamily, a division of Encore Enterprises, to develop its second apartment community in Orlando. The “Encore Narcoossee” community will be a three-story, 249-unit garden-style community on a […]