Monday, April 13, 2026
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Jackson Trio Village
Affordable HousingLoansMississippiSeniors HousingSoutheast

Regions Bank Provides $117.3M in Financing for Three Affordable Housing Communities in Jackson, Mississippi

by Abby Cox

JACKSON, MISS. — Regions Bank’s affordable housing group has provided a combined $117.3 million in financing to Vitus Group LLC for the acquisition and rehabilitation of three existing affordable housing communities in Jackson. The properties include Village Apartments, Commonwealth Apartments and Madonna Manor, which are now part of Jackson Trio, a collection of townhomes, garden-style apartments and a 13-story high-rise apartment building for seniors. The portfolio totals 77 buildings and 613 units, with 149 of the units dedicated to age-restricted housing for people age 62 and older. Jackson Trio will provide affordable housing to renters earning between 50 percent and 80 percent of the area median income. Regions Affordable Housing provided approximately $36.6 million in federal Low-Income Housing Tax Credit (LIHTC) equity, a $19.7 million bridge loan and a $61 million Fannie Mae MTEB permanent loan. The properties feature a mix of one-, two-, three- and four-bedroom apartments with various amenities, including an exercise room, onsite property management and maintenance and kitchen appliances. Two developments also include playgrounds for children, and Madonna Manor includes free lunch by the City of Jackson for senior residents.

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Miramar-Parkway-Plaza
AcquisitionsFloridaRetailSoutheast

Berger Commercial Brokers $34M Sale of Miramar Parkway Plaza Retail Center in South Florida

by Abby Cox

MIRAMAR, FLA. — Berger Commercial Realty has brokered the sale of Miramar Parkway Plaza, a 159,628-square-foot retail center in Miramar near Hard Rock Stadium. Lawrence Oxenberg of Berger Commercial represented the buyer, an affiliate of Longpoint Realty Partners doing business as LSG2 Miramar Parkway Plaza LLC, which purchased the property for $34 million. The seller was a partnership between The Faith Group and Jeffery Perlow. The Faith Group originally purchased the asset in 2014. Located at 3102-3300 University Drive, Presidente Supermarket anchors Miramar Parkway Plaza, which sits on roughly 14 acres. Additional tenants include McDonald’s, Foot Locker, AutoZone, Subway, Moby’s and Little Caesar’s. The center includes multiple outparcels and a second-story office component, as well as a recently constructed, 10,000-square-foot retail component.

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Bridgewater Grand
AcquisitionsFloridaMultifamilySoutheast

Berkadia Arranges Sale of 300-Unit Multifamily Apartment Complex in Lakeland, Florida

by Abby Cox

LAKELAND, FLA. — Berkadia has arranged the sale of Bridgewater Grand, a 300-unit multifamily apartment complex located in Lakeland. David Etchison, Cole Whitaker, Jason Stanton and Mary Beale of Berkadia Central & North Florida led the transaction on behalf of the seller, TrimCor. Connecticut-based Hamilton Point Investments purchased the property for an undisclosed price. Situated on 31 acres at 5546 Autumn Ridge Road, Bridgewater Grand is a three-story, garden-style community featuring one-, two- and three-bedroom apartments ranging in size from 1,219 square feet to 1,853 square feet. Two- and three-bedroom floorplans comprise 92 percent of the units. Amenities at the pet-friendly community include 3,500 square feet of lake frontage, a zero-entry saltwater pool with a large sun deck, 24-hour fitness center, electric vehicle charging stations, a car care center and 56 garages available for rent. Additional amenities include a clubhouse with rentable conference room and event space, a café bar, business center, TV lounge, playground, bark park and a maintenance shop.

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Florida Health Care Plan
AcquisitionsFloridaLeasing ActivityOfficeSoutheast

SRS Arranges $4.8M Sale of Medical Office Property in Daytona Beach Leased to Florida Health Care Plan

by Abby Cox

DAYTONA BEACH, FLA. — SRS Real Estate Partners has arranged the $4.8 million ground lease (land ownership) sale of a newly constructed, single-tenant medical office property located at 2655 LGPA Blvd. in Daytona Beach. Health insurance provider Florida Health Care Plan occupies the 7,500-square-foot building on a 20-year, corporate guaranteed, absolute triple-net lease. Patrick Nutt and William Wamble of SRS Capital Markets represented the seller, a Florida-based developer, as well as the 1031 buyer, a private investor, in the transaction.

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Waterfront-at-Washingtonian
Leasing ActivityMarylandOfficeSoutheast

CBRE Negotiates 120,000 SF Office Headquarters Lease in Gaithersburg, Maryland for X-Energy  

by Abby Cox

GAITHERSBURG, MD. — CBRE has negotiated a 120,000-square-foot office lease in Gaithersburg for American nuclear reactor and fuel design engineering company X-Energy. The new office will span the top five floors of Waterfront at Washingtonian, a 325,455-square-foot office property located at 9801 Washingtonian Blvd., about 20 miles northwest of Washington, D.C. Waterfront at Washingtonian is a 14-story, LEED-certified office building situated within The Washingtonian Center, a 1 million-square-foot retail complex. The property was the former North American headquarters for Sodexo, which vacated in late 2023 to occupy Pike & Rose in Bethesda, Md. At the time, the ownership completed several renovations to the building, including a new lobby and lounge, conference center, fitness center and a grab-and-go market on the ground floor. Brian McCarthy, Niel Beggy and Tim Connolly of CBRE represented the landlord, Prime US REIT, in the lease negotiations. Additional terms of the lease were not disclosed.

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AcquisitionsHospitalityIndianaMidwest

Huff, Niehaus & Associates Arranges Sale of 119-Room Hampton Inn Hotel Near Louisville

by Kristin Harlow

CLARKSVILLE, IND. — Huff, Niehaus & Associates Inc. has arranged the sale of the 119-room Hampton Inn Louisville-North/Clarksville hotel in Clarksville, a northern suburb of Louisville. The sales price was undisclosed. The property at 1501 Broadway St. is situated near downtown Louisville and the Kentucky International Convention Center. Kingdom Broadway LLC purchased the asset from HHB LLC. The new ownership, which owns eight hotels, plans a comprehensive renovation of the property.

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AcquisitionsIndianaMidwestMultifamily

Marcus & Millichap Negotiates $3.7M Sale of Multifamily Portfolio in Muncie, Indiana

by Kristin Harlow

MUNCIE, IND. — Marcus & Millichap has negotiated the $3.7 million sale of a 49-unit multifamily portfolio in Muncie. The portfolio includes Randy’s Court, a 24-unit townhome community at 222 W. Centennial Ave. that was built in 1978; and Streeter Court Apartments, a 25-unit multifamily property at 111 E. Streeter Ave. that was built in 1994. Aaron Kuroiwa and Austin Meeker of Marcus & Millichap represented the seller, Streeter25 LLC, and procured the buyer, Deed Holdings – 5050 LLC.

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AcquisitionsIllinoisMidwestMultifamily

SVN Chicago Commercial Brokers $2.8M Sale of Apartment Building in Bucktown Neighborhood

by Kristin Harlow

CHICAGO — SVN Chicago Commercial has brokered the $2.8 million sale of a fully leased apartment building located at 1555 N. Milwaukee Ave. in Chicago’s Bucktown neighborhood. The property features 17 apartment units and one street-level retail space. Wayne Caplan and José Colón of SVN Chicago Commercial represented the seller. The asset sold to a local apartment owner at a cap rate of 6.88 percent. The deal closed within 5 percent of the asking price in under three months.

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AcquisitionsDevelopmentKansasMidwestRestaurantRetail

Vietnam Cafe to Open Second Location in Overland Park, Kansas

by Kristin Harlow

OVERLAND PARK, KAN. — Vietnam Cafe will open its second location at 9500 W. 135th St. in Overland Park. Bill Maas of Block & Co. Inc. Realtors represented the seller in the transaction. The Vietnamese restaurant’s first location is at 522 Campbell St. near the River Market in Kansas City. The menu features authentic pho, as well as dishes from chicken, beef, shrimp and vegetarian options. The new restaurant will occupy the 4,075-square-foot former Beef-A-Roo space. The property will undergo construction, with a proposed open date to be determined.

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Affordable HousingDevelopmentIllinoisMidwestMultifamily

Related Midwest, KABOOM! Unveil Resident-Designed Playground at Chicago Affordable Housing Property

by Kristin Harlow

CHICAGO — Related Midwest, the Related Affordable Foundation and Related Affordable Management Co. have opened a newly renovated playground at Marshall Field Garden Apartment Homes in Chicago’s Old Town neighborhood. Related partnered with KABOOM!, a national nonprofit, to construct the playground at the 628-unit affordable housing community. Residents, volunteers, Related team members and community partners built the playground on July 23 and 24. The project’s completion comes nearly two months after Related and KABOOM! hosted a design day at the community, where children and adult residents shared visions for the playspace. There are more than 17,000 KABOOM! playspaces nationwide. Related led a $175 million renovation of Marshall Field Garden Apartment Homes following its acquisition of the property in 2016.

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