A team comprising LV Collective and Kayne Anderson Real Estate has closed on a refinancing of a student housing venture near the Georgia Tech Campus. The project, called Rambler Atlanta, is a 798-bed student housing community in midtown Atlanta.

Canyon Partners Real Estate provided the senior loan in a deal arranged by TSB Capital Advisors.

Commercial Edge reports that previous financing for the 215-unit property includes a $95.3 million construction loan from Pacific Life Insurance Co.

Completed in 2025, the 19-story property is at 736 Peachtree St. NE, close to the university and Technology Square. The unit mix comprises studio, one-, two-, four-, five- and six-bedroom floorplans ranging from 388 to 1,909 square feet, along with almost 3,000 square feet of retail space. 

All apartments have private balconies or patios. Common-area amenities include a café, swimming pool, hot tub, fitness center, yoga room and sauna. The property also has resident lounges, coworking and study spaces.

L3 Campus and Aureon Partners have obtained a $53.7 million refinancing for the OnShore apartments, a 210-unit/636-bed student housing project near the campus of Embry-Riddle Aeronautical University in Daytona Beach.

A Walker & Dunlop Capital Markets Real Estate Finance led by Will Baker, Mike Shropshire, William Shell, and Doug McDaniel coordinated the 7-year, floating-rate loan with a four-year interest-only period provided by Freddie Mac. Austin Kinn at TSB Capital Advisors consulted on the transaction on behalf of the borrower.

OnShore is a Class A student housing community featuring two-and four-bedroom layouts. Amenities include an infinity pool, fitness center, study areas, a flight simulator, and an on-site shuttle to the nearby Embry-Riddle campus.

The property at 1100 Halifax Medical Center Dr. has maintained 98%+ occupancy since delivery in 2020.

Knighthead Funding in partnership with Speedwagon Capital Partners arranged a $27 million refinancing for Signature Music Row – a newly constructed 105-unit Class A multifamily property located at 1005 16th Avenue South in Nashville, Tennessee.

Preiss utilized the loan to refinance its construction loan. Preiss is a privately held student housing owner, developer, and operator. Located in Nashville’s Music Row neighborhood, the apartment complex is near Vanderbilt University, which is within walking distance.

Situated on a 0.64-acre site, the six-story midrise property features a mix of studio, one-, two- and three-bedroom apartment homes, as well as townhomes. Residences have private patios or balconies.

Amenities include an elevated outdoor pool, an outdoor grilling area, a resident clubroom, a sixth-floor sky lounge, and a fitness center. The property also includes a ground-level retail space occupied by Silver Fox Coffee Lounge.

Redfearn Capital secured financing for an eight-building Jacksonville-area portfolio totaling $48 million. Prospect Ridge provided the financing. The portfolio includes a mix of front-load, rear-load and cross-dock industrial buildings near Interstate 95, Interstate 10 and Interstate 295, with access to Jaxport and Jacksonville International Airport.

The properties range from 7,000 square feet to 70,000 square feet.

On its LinkedIn site, the company said: “strong first half of the year for Redfearn Capital– acquiring 12 new assets totaling ~580,000 square feet. RC continues to target value-add industrial deals across the Southeast!”

CBRE’s Jose Lobón, Frank Fallon, Trey Barry and Royce Rose negotiated on behalf of Somerset Properties and CenterSquare Investment Management. 

The Jacksonveille Business Journal reports Jacksonville’s network of interstate, port, rail and airport access remains a core selling point for the portfolio and for the industrial users Redfearn is targeting.

Beachwold Residential inked a $50.5 million first mortgage loan to refinance a 308-unit garden-style apartment community in Jacksonville, FL. The financing was led by Mesa West Capital’s Russell Frahm and Brad McCarthy. The loan was arranged by Taylor Williams of Walker and Dunlop. 

The five-year, non-recourse loan is secured by Gran Bay Apartments, a 308-unit, 2015-vintage garden-style community comprising 14 buildings on 15.5 acres. The property offers a mix of one, two, and three-bedroom units featuring stainless steel appliances, walk-in closets, private balconies, and in-unit washers and dryers. Amenities include a swimming pool, fitness center, business center, grilling areas, fire pits, dog park, and children’s play area. 

Gran Bay Apartments is located at 13444 Gran Bay Parkway in Duval County’s Southside submarket, providing immediate access to Interstate 95 and proximity to Flagler Center, a major employment corridor anchored by Baptist Medical Center and Citigroup’s regional operations campus.

A Blackstone affiliate is preparing to close on an $845.2M refinancing deal for a nearly 5,000-unit multifamily portfolio.

Cortland University City in Charlotte

The investment giant’s Blackstone Real Estate Income Trust lined up the two-year floating-rate loan with the New York branch of Deutsche Bank AG, Societe Generale Financial Corp., Bank of Montreal and Nomura Corporate Funding Americas LLC, according to a presale report compiled by Fitch Ratings. Fitch expects the loan to close next month. 

BREIT is coming off a rebound year in 2025, reversing two years’ worth of weak returns with $7.2B in inflows and improved performance.

Proceeds will be used to refinance $924.5M of existing debt and pay $14.8M in closing costs. As part of the refinancing, BREIT is contributing roughly $94.1M in new equity to close the gap between the new loan and the debt being paid off.

BREIT acquired 98% of the 12-property portfolio in 2021 from Cortland Sponsors LLC at a reported cost basis of more than $1.2B. 

Blackstone did not immediately respond to Bisnow’s request for comment. 

Cortland retained the other 2% ownership and manages nine of the properties. The remaining three properties are managed by Preferred Apartment Advisors LLC.

The 4,922-unit portfolio includes: 

• the 664-unit Cortland Park 83 built in 1989 in Roswell, Georgia; 
• the 608-unit Cortland Bowery constructed in 1989 in Tampa, Florida; 
• the 510-unit Cortland Watermark built in 1998 in Marietta, Georgia; 
• the 440-unit Cortland Gateway Park constructed in 2002 in Denver; 
• the 426-unit Cortland Southpark Terraces constructed in 2009 in Austin; 
• the 384-unit Cortland Mountain Vista completed in 2009 in Mesa, Arizona; 
• the 376-unit Cortland at Fredericksburg built in 2010 in San Antonio; 
• the 372-unit Cortland University City completed in 2009 in Charlotte, North Carolina; 
• the 323-unit Cortland East Cobb completed in 1991 in Marietta, Georgia; 
• the 284-unit Cortland Falls River built in 2001 in Raleigh, North Carolina;
• the 271-unit Cortland Whitehall completed in 2018 in Charlotte;
• and the 264-unit Cortland West Boynton constructed in 2001 in Boynton Beach, Florida.

The properties are all market-rate apartments with no major concentrations of student, senior or military housing, according to the report. 

As of January, the portfolio units have a weighted average occupancy of nearly 92% and an average monthly rent of $1,728. Occupancy declined from 94% in 2022, reflecting broader softness across the Sun Belt apartment markets as new supply increases competition.

“The properties are generally well located in markets that have above average median income and population growth with nearby demand drivers,” Fitch’s presale report says.

An appraisal of each property conducted by Newmark Valuation & Advisory gave the portfolio an aggregate as-is value of more than $1.14B. Based on that appraisal, the loan-to-value ratio for the financing is 74%.

Since acquiring ownership, BREIT has invested more than $50M in capital improvements. Fitch estimated the portfolio’s net cash flow at $56.2M. 

Walker & Dunlop arranged a $176 million credit facility for seven single-family rental communities in various neighborhoods within the Atlanta, Georgia, MSA.

The Walker & Dunlop New York Capital Markets team, led by Jonathan Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz, Michael Ianno, Jackson Irwin, and Christopher de Raet, arranged the financing on behalf of institutional investors advised by J.P. Morgan Asset Management. Brookfield Asset Management’s Real Estate Credit group provided the financing. 

The portfolio consists of 709 homes totaling 1.4 million rentable square feet across seven different communities, all situated within a 30- to 55-mile drive from Atlanta’s central business district. Located in Atlanta’s most sought-after suburbs, including McDonough, Loganville, Cartersville, Hoschton, Dallas, and Jefferson, the portfolio features a mix of 3-, 4-, and 5-bedroom homes with a variety of amenities.

Lument has provided $110.8 million in Fannie Mae DUS loans to refinance a six-property multifamily portfolio located in Chicago.

The transaction refinances existing bank debt for the sponsor BJB Properties, a Chicago-based owner-operator focused on long-term holds that currently owns and manages over 70 communities. Lument’s Evan Hom, a senior managing director based in New York, led the transaction.

The six Fannie Mae loans refinanced the following properties:

• 244 E Pearson, a 223-unit community in the Near North Side.
• 1036 N Dearborn, a 135-unit community in the Near North Side.
• 320 N Michigan, a 119-unit community in the Loop.
• 1246 W Pratt, a 123-unit community in Rogers Park.
• 11 W Division, a 110-unit community in the Near North Side, and
• 1939 N Lincoln, a 59-unit community located in Lincoln Park.

All loans carry fixed interest rates, 10-year terms, and 35-year amortization schedules. Five loans are full-term interest only and one features five years of interest only. The structures also maintain flexibility for future supplemental financing from Fannie Mae.

“Fannie Mae’s support and flexibility led to a timely and efficient closing with favorable long-term financing, ensuring the portfolio has a strong fiscal position for the next decade,” said Lument’s Hom.

GMH and CRG obtained a $78.5 million refinancing on The Dean Reno, a student housing community adjacent to the University of Nevada, Reno.

Northmarq’s National Student Housing team, led by Justin Glasgow, alongside members of the firm’s Debt + Equity platform, successfully arranged the loan. The lender is Heitman, a global real estate investment management firm based in Chicago.

Built in 2023, the 773-bed luxury property offers fully furnished and equipped apartments, a cyber lounge, a fitness center with fitness on-demand and a yoga studio, scenic mountain views, grilling stations and more. Amenities include a pool and hot tub, two fourth-floor courtyards, lounge areas, an outdoor workout space, an outdoor firepit and entertainment area, a podcasting/YouTube room, dedicated study spaces and a 24-hour fitness center.