Woodfield Investments and Argosy Real Estate Partners have secured $120 million to refinance the recently completed Morrison Yard Residences, a 379-unit rental project in Charleston. CBRE arranged the loan for the venture, which also includes 27,608 square feet of ground-level…
Duke University paid an apartment owner $43 million to take over the Blue Light Living apartments. The school will add the apartments to the school’s housing inventory, instead of building new ones. The school plans to make a number of…
Dallas-based real estate investment firm Lloyd Jones has acquired Brightview Baldwin Park, a senior living community in Staunton, VA. The 136-unit property, which offers independent living, assisted living, and memory care, was purchased from Brightview Senior Living. Following the…
Hines has advanced its plans for Clari Park, a 78-acre mixed-use destination located in Murfreesboro, Tennessee. As part of the development’s first phase, Hines acquired an 11.4-acre land parcel and commenced construction on a Class A 300-unit multifamily community, The…
Urban Standard Capital recently closed a $7.95 million, 18-month, non-recourse construction completion loan for a Class A mixed-use rental property in Durham, NC. At completion, the borrower, Abranova Real Estate, will deliver 48,000 square feet of 37 residential units, 5,000 square feet…
The first 49 units are ready for tenants at RISE Bartram Park, a 297-unit multifamily development in Jacksonville. The $60 million project is being developed by a team made up of Origin Investments and RISE. Upon its completion in March,…
JLL Income Property Trust has sold Presley Uptown, a 230-unit community in Charlotte, for $65.8 million, nearly $300K/unit. The JLL REIT paid $55 million for the project in 2019. The buyer, Eaton Vance Investment Managers also assumed the outstanding balance of a $30…
Novare Group and BCDC are teaming up to open the 316-unit Populus Pooler to residents in Savannah. The property is between the South’s busiest seaport and the under-construction Hyundai Motor Group “Metaplant,” the largest economic development project in Georgia’s history….
Cushman & Wakefield has arranged the $29.6-million sale of Greenwood at Ashley River, a 280-unit apartment community in North Charleston, SC. Jordan McCarley, Marc Robinson and Tai Cohen of Cushman & Wakefield represented the seller, The RADCO Cos., in the…
Cedar Grove Capital has acquired Hawthorne Six Forks, a 471-unit apartment community in Raleigh for $66 million. The seller was not disclosed. Henry Stimler, Bill Weber and Nick Webb of NKF secured a $46 million acquisition loan on behalf of…
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