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The Stadler
DevelopmentFloridaMultifamilySoutheast

Thompson Thrift Opens 279-Unit Stadler Apartment Community in Bradenton, Florida

by Abby Cox

BRADENTON, FLA. — Thompson Thrift has recently hosted a ribbon cutting ceremony for The Stadler, a 279-unit luxury apartment complex located at 7120 Henry Drive in Bradenton. The Stadler offers one-, two- and three-bedroom apartments up to 1,445 square feet in size. Monthly rental rates range from $1,490 to $3,125, according to Apartments.com. Community amenities include a 24-hour fitness center, pickleball court, dog park with pet spa and grooming station, a covered sky deck and a lazy river-style swimming pool. The Stadler is situated on the southern border of the Lake Flores master-planned community, a mixed-use development that will encompass nearly 1,300 acres and feature 6,500 homes, 2 million square feet of retail, 1 million square feet of office space, 500 hotel rooms and a 19-acre man-made lake, upon completion.

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DevelopmentFloridaSoutheastStudent Housing

Gilbane, CBRE Underway on 763-Bed Student Housing Development Near University of Central Florida

by John Nelson

ORLANDO, FLA. — Construction is underway on VIBE, a 763-bed student housing project by Gilbane Development and CBRE Investment Management located at 3765 Quadrangle Blvd. near the University of Central Florida campus in Orlando. The partnership recently opened a temporary leasing office for the community at 12226 Corporate Blvd. The development is scheduled for completion in fall 2026. VIBE will offer 275 fully furnished units in one-, two-, three- and four-bedroom configurations with bed-to-bath parity. Each floor will offer private rooms for individual study, remote classes or quiet reflection. Additional shared amenities are set to include two courtyards; a resort-style pool with cabanas and a sun deck; clubhouse with a communal fire pit; outdoor kitchen with grills; pickleball courts; a 24-hour fitness center; sauna; coworking lounge; and a coffee bar. The community will also offer 712 parking spaces, as well as secured bicycle storage.

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Affordable HousingDevelopmentFloridaSeniors HousingSoutheast

HTG, AM Affordable Housing Open 81-Unit Seniors Housing Community in Crystal River, Florida

by John Nelson

CRYSTAL RIVER, FLA. — Affordable housing developers Housing Trust Group (HTG) and AM Affordable Housing have partnered to deliver The Fountains at Hidden Lake, an 81-unit affordable seniors housing community located at 10456 W. Ashburn Lane in Crystal River. The $24.5 million community was fully occupied at the grand opening to households age 62 and older who earn at or below 30, 40 and 60 percent of the area median income (AMI). Situated on 7 acres in west Florida, The Fountains at Hidden Lake includes 61 one-bedroom and 20 two-bedroom apartments ranging in size from 645 to 952 square feet. Amenities include a resort-style swimming pool, horseshoe court, fitness center, dog park and a multipurpose community room. Programming for the senior residents will include regular wellness check-ins, light housekeeping, grocery and laundry assistance and a calendar of community events and activities. Public and private funding sources for the project included $20.4 million in 9 percent Low-Income Housing Tax Credits (LIHTC) allocated by the Florida Housing Finance Corp. and syndicated by City Real Estate Advisors; an $18.5 million construction loan and $4.15 million permanent loan from KeyBank Real Estate Capital; and a $340,000 loan from the City of Crystal River. The …

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AcquisitionsFloridaGeorgiaMultifamilyNorth CarolinaNortheastOregonPennsylvaniaSoutheastStudent HousingTexasTop StoriesVirginiaWestern

Morgan Stanley, GSA Acquire Eight-Property Student Housing Portfolio Valued at $1B

by Kristin Harlow

NEW YORK CITY — Morgan Stanley Real Estate Investing (MSREI) and Global Student Accommodation (GSA) have acquired a portfolio of eight student housing assets in Tier 1 U.S. university markets from a joint venture between a wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA) and Landmark Properties. The transaction is valued at more than $1 billion. The properties are located across seven states and offer a mix of cottage-style, high-rise and mid-rise formats. The 6,200-bed portfolio is nearly fully leased. Global student housing operator Yugo will manage and rebrand the newly acquired assets. The assets in the sold portfolio include: The acquisition marks the partnership’s entrance into new markets in Virginia, Georgia and Pennsylvania, while expanding its presence in Texas, Florida, Oregon and North Carolina. Through its partnership, MSREI and GSA now own nearly 24,000 student housing beds across 50 properties in 23 states. “This acquisition is testament to the depth of our global teams, our access to unique opportunities and the strength of our institutional relationships in the United States and globally. An off-market portfolio of this size and quality is rare, and demonstrates our experience and expertise in the student housing market,” says Nicholas Porter, CEO at …

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DevelopmentFloridaOfficeSoutheast

Gatsby Florida to Develop 220,000 SF Office Tower in Palm Beach Gardens, Florida

by John Nelson

PALM BEACH GARDENS, FLA. — Gatsby Florida plans to develop The Modern at Palm Beach Gardens, a 220,000-square-foot office tower in South Florida. The real estate development firm plans to break ground on The Modern in January and deliver the eight-story property in late 2027. Darryl Kaplan of Darryl R. Kaplan Co. is handling the leasing of the project and has preleased approximately 25 percent of the tower’s gross leasable area. Gatsby Florida expects a “rapid lease-up” due to an expected exodus from New York City by major corporations. The Modern will feature a 10,000-square-foot fine dining restaurant, a 4,000-square-foot casual dining eatery and an additional 7,000 square feet of retail space situated under an adjacent 838-space parking garage. Planned amenities include a large rooftop patio with covered seating, a wet bar and restrooms, as well as a fitness center with full-service locker rooms and a media/conference center.

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DevelopmentFloridaIndustrialSoutheast

MWI Property Group Delivers 192,924 SF Industrial Facility in Jacksonville

by John Nelson

JACKSONVILLE, FLA. — MWI Property Group has delivered a new 192,924-square-foot industrial facility located at 9395 Pritchard Road in Jacksonville. The facility is situated within Westlake Commerce Center, which features a 337,104-square-foot building delivered earlier this year. Guy Preston, Seda Preston and John Cole of Colliers are leading the leasing and marketing efforts at the new facility. The property features 32-foot clear heights, 55 dock-high doors, 100 trailer positions, ESFR fire protection and 2,000-amp power.

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Elyps-Apartments
AcquisitionsFloridaMultifamilySoutheast

Pinnacle Sells Elyps Luxury Apartments in Fort Lauderdale for $46.5M

by Abby Cox

FORT LAUDERDALE, FLA. — Miami-based developer Pinnacle has sold Elyps Apartments, a 140-unit luxury community in Fort Lauderdale, for $46.5 million. The buyer was Ram Elyps LLC, an affiliate of Rental Asset Management (RAM). CBRE represented Pinnacle affiliate, Bimini Cove LLC, in the transaction. Completed in 2023, Elyps offers one- and two-bedroom floorplans ranging in size from 777 to 1,182 square feet, according to Apartments.com. Amenities at the property include a swimming pool and sundeck, fitness center, business center, rooftop terrace, pet washing station and electric vehicle charging stations.

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AcquisitionsCompany NewsFloridaSeniors HousingSoutheast

Sonida Senior Living to Acquire CNL Healthcare Properties for $1.8B

by John Nelson

DALLAS AND ORLANDO, FLA. — Seniors housing owner and operator Sonida Senior Living Inc. (NYSE: SNDA) has entered into a definitive merger agreement to acquire CNL Healthcare Properties (CHP), a non-traded public REIT, in a deal valued at $1.8 billion. Upon completion of the merger, the combined company will be the eighth-largest senior living owner, with a portfolio of 153 independent living, assisted living and memory care communities and enterprise value of $3 billion. Under the agreement, Dallas-based Sonida will acquire 100 percent of CHP in a cash and stock transaction. The transaction is expected to close in the first or second quarter of 2026, subject to customary closing conditions. Both the Sonida and CHP board of directors unanimously approved the merger.   Financing for the acquisition will include cash provided by Conversant Capital and Silk Partners — the two largest Sonida shareholders — and debt financing from RBC Capital Markets and BMO Capital Markets. Ahead of the merger, Sonida’s portfolio comprises 97 seniors housing communities that the company owns, manages or invests in, including 84 owned properties. In total, the portfolio serves roughly 10,250 residents. CHP’s current portfolio comprises 69 seniors housing communities with 7,535 units across 26 states.

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AcquisitionsFloridaGeorgiaIndustrialKentuckySoutheast

MDH Partners Acquires 1.5 MSF Industrial Portfolio in Southeast, Midwest for $165M

by John Nelson

ATLANTA — Atlanta-based MDH Partners has purchased a six-property, 1.5 million-square-foot industrial portfolio in the Southeast and Midwest for $165 million. John Huguenard and Trent Agnew of JLL represented the seller, LBA Logistics, in the transaction. The portfolio has an average vintage of 2017, an average clear height of 33 feet and 6.9 years of weighted average lease term remaining, with each property fully leased to a single tenant. The assets include a 69,679-square-foot property in Miami leased to Compass Group USA; a 552,700-square-foot property in Jacksonville leased to Margo Garden Products; a 246,920-square-foot property in Atlanta leased to SupplyOne; a 235,013-square-foot facility in Louisville leased to ICS AmerisourceBergen; a 68,388-square-foot property in Cincinnati leased to GE Aerospace; and a 302,880-square-foot facility in Columbus leased to Hims.

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DevelopmentFloridaRetailSoutheast

EDENS Breaks Ground on Redevelopment of Shadowood Square Shopping Center in Boca Raton

by John Nelson

BOCA RATON, FLA. — EDENS has begun the overhaul of Shadowood Square, a shopping center located at 9887 Glades Road in Boca Raton. The development firm is demolishing a portion of the center, now rebranded as Shadowood, that once housed a movie theater to make way for five new retail buildings totaling 49,330 square feet. The new buildings will be connected by a 25-foot-wide promenade and public green space. Additionally, three existing retail buildings totaling 60,557 square feet will be fully renovated, and placemaking elements including brightened facades, signage and wayfinding, paseos, public art and outdoor seating will be installed. EDENS has signed lease agreements with J. Crew Factory, Joe and the Juice and Maman to join the tenant roster. Blo Blow Dry Bar, Dave’s Hot Chicken are Nomu Sushi & Pub recently opened at Shadowood. The construction phase is expected to last between 18 and 24 months, with the last phase of new retail opening in late 2027.

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