Ambitious plans for the redevelopment of Fort McPherson outside Atlanta are becoming clearer. An application with a state planning agency proposes turning 96 acres of developable land at the Fort McPherson base, or Fort Mac, into a multi-phase project that…
MonticelloAM, a specialized multifamily and seniors housing bridge lending platform, has closed $73.2 million in total bridge and working capital financing for a portfolio of seniors housing and healthcare properties across Ohio. The $64,700,000 floating-rate senior bridge loan will be…
AEW Capital Management acquired the Wellington Bay senior living facility for $100.13 million. The town is just west of West Palm Beach. Commercial Edge reports Area Management and ZOM Senior Living sold the 749,488-square-foot senior facility at 2590 Wellington Bay…
A Jacksonville-area river water planning district okayed a permit for Southbank to build a 125-slip marina at part of the RiversEdge project. Preston Hollow Community Capital’s massive, mixed-use project includes retail, office, restaurants, a hotel, hundreds of residential units and…
Hines, Affinius Capital and Columbia Development have secured a $191 million senior mortgage for Fenton, a 92-acre mixed-use district in the Cary submarket of Raleigh/Durham, North Carolina. Fenton is Cary’s first vertically integrated, mixed-use destination. Fenton, created in 2021, includes 246,000…
Melmark, a national leader in the human services field, will break ground in early 2025 on the development of an adult community on a three-acre site in Tewksbury, MA. The project is intended to address an increasing need in Massachusetts for adult…
KeyBank Community Development Lending and Investment (CDLI) provided a $15.5 million construction loan, a $3.18 million permanent loan and $17.7 million in low-income housing tax credit (LIHTC) to finance the new construction of The Grand and The Glen, a two-site…
JLL has arranged $39.98 million in acquisition financing for a portfolio of three senior housing communities totaling 344 units in Eugene and Springfield, Oregon, on behalf of a local operator. JLL worked on behalf of the borrower to secure the…
Marathon Asset Management’s Commercial Real Estate platform originated a $154.5 million mortgage loan to a joint venture between Monarch Alternative Capital LP (“Monarch”) and REDICO (the “Sponsor”) to fund the refinance of The American House Florida Portfolio. The Portfolio consists…
Kiser Group completed the sale of 5411 N. Winthrop, a four plus one multifamily property, for $17.4 million. Kiser Group Advisors Jacob Price and Katie LeGrand led the sale process. “This transaction reflects the ongoing demand for renovated multifamily properties in Edgewater,…
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