FAYETTEVILLE, ARK. — Aptitude Development has sold The Marshall Arkansas, a 647-bed student housing development located near the University of Arkansas campus in Fayetteville. Newmark brokered the disposition of the property to an undisclosed institutional investor. Terms of the transaction were not released. Developed in 2021, The Marshall Arkansas offers units in a mix of one-, two-, three- and four-bedroom configurations. Shared amenities include a resort-style pool and hot tub, outdoor kitchen, rooftop terrace, fitness center and fitness lawn, private and shared study spaces and a game room.
GREENVILLE, S.C. — Comunidad Partners has acquired The Haywood, a 234-unit workforce housing community located at 100 Gloucester Ferry Road in Greenville, roughly one mile south of Simon’s Haywood Mall. The seller and sales price were not disclosed. The property was originally built in 1991 and was previously known as Hawthorne at the Park, according to Apartments.com. Comunidad Partners plans to renovate The Haywood’s unit interiors, facades and amenities. The company also plans to work closely with local and national nonprofit partners to establish resident services at the community.
ALPHARETTA, GA. — Newmark has brokered the $40.2 million sale of a 251,729-square-foot industrial facility located at 3000 Marconi Drive in Alpharetta. Casey Keitchen, Collin BeVier, Barry Gabel, Chris Marchildon and C.J. Osbrink of Newmark represented the seller, JDM Partners, in the transaction. The buyer was not disclosed. The property offers 10 megawatts of power and was fully leased at the time of sale to a national property and casualty insurance provider, serving as one of the company’s national printing and imaging centers.
MOUNT PLEASANT, S.C. — JLL Capital Markets has arranged a $14.3 million loan for the refinancing of The Plaza at East Cooper, a 102,731-square-foot shopping center located in Mount Pleasant, roughly two miles from downtown Charleston. Eric Tupler, Rob Bova and Ellie Savage of JLL’s Debt Advisory team, along with Alexis Kaiser of JLL’s Charlotte office, represented the borrower, an entity doing business as Bamoza LLC, in securing the loan through an unnamed insurance company lender. Aldi anchors The Plaza at East Cooper, which was 85 percent leased at the time of sale to tenants including Firehouse Subs, Batteries Plus and 843 Nail & Spa. The center was originally built in 1975 on roughly 37 acres, according to LoopNet.
ATLANTA — The seniors housing sector stands at a “curious” crossroads in terms of the current real estate cycle, according to Chris Guay, CEO of Vitality Living. The Brentwood, Tenn.-based company is a seniors housing owner-operator with communities located across the Southeast and Texas. Guay asserts that on one hand, seniors housing owners and operators are still healing from the supply-and-demand shocks stemming from the COVID-19 pandemic. On the other, the sector is standing on the precipice of the prophesied “silver tsunami,” a phenomenon wherein the baby boomer generation is aging into needing senior living care. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. The oldest baby boomers are now turning 80, and Guay says that even if developers met the output of the highest point of the previous cycle annually, it still wouldn’t be enough to satisfy the wave of demand coming. “The silver tsunami is actually here,” says Guay. “Right now is probably the most interesting time in the industry that I can remember.” Guay’s comments came during the “power panel” at InterFace Seniors …
In a world where volatility has become the norm in commercial real estate, Memphis stands out as a market defined by consistency. While other cities have experienced dramatic swings in vacancy, absorption and construction activity, the Memphis office market continues to follow a more measured pace. “Slow and steady wins the race” is more than a phrase — it’s a fitting summary of how Memphis has maintained balance amid national disruption. Stability in supply Over the past couple of decades, the total supply of office product in Memphis has grown at a moderate pace, sitting at nearly 28 million square feet today. This disciplined approach has kept vacancy within manageable levels and prevented the oversupply issues seen elsewhere. With no new speculative construction of size since 2009, the market has had time to absorb shifts in tenant behavior without being flooded with excess space. Demand aligns with supply Because supply has remained relatively static, demand has shifted in composition rather than volume. Like many cities, Memphis has seen a “flight to quality,” with tenants prioritizing modern, amenitized spaces over outdated properties — even if that means reducing their footprint. A company that once leased 30,000 square feet in a Class …
CHARLOTTE, N.C. — Northmarq has negotiated the $82 million sale of Alexan Mill District, a 290-unit apartment community located at 1001 N. Brevard St. in Charlotte. Allan Lynch, Caylor Mark, Andrea Howard, John Currin, Jeff Glenn and Austin Jackson of Northmarq’s Multifamily Investment Sales team represented the seller, Trammell Crow Residential, in the transaction. The Seminole Tribe of Florida purchased the property through its sovereign wealth real estate investment fund (SemREF). Built in 2024, Alexan Mill offers studio, one- and two-bedroom floorplans. Amenities at the complex include a clubhouse, an indoor/outdoor speakeasy supper club with a catering kitchen, rooftop lounge with views of Uptown Charlotte, saltwater swimming pool with a sun ledge and outdoor fireplace, as well as a TV streaming lounge. The community also features billiards and game tables, a tech lounge, media studio, work-from-home café, outdoor courtyard, 24-hour fitness center, 24-hour access package room and a covered parking deck.
ARLINGTON, VA. — Washington, D.C.-based EYA LLC has closed on its land acquisition for Highlands Row, a new 42-unit, for-sale townhome community located in the heart of Arlington’s National Landing district near Ronald Reagan Washington National Airport. Highlands Row marks one of five phases for a mixed-income expansion of the Crystal House Apartments complex, including the preservation of the property’s existing 828 units. The value of the land at Highlands Row will generate financing for the project’s first phase, which is True Ground Housing Partners’ 432-unit, ground-up affordable housing development. The overall project is a public-private partnership between Arlington County, Amazon’s Housing Equity Fund, EYA, True Ground and Washington Housing Conservancy. Construction on Highlands Row is anticipated to begin later this year, with the first home deliveries expected in late 2026. According to the property website, homes will be priced starting at $1.2 million. Highlands Row will feature a back-to-back townhome configuration, which is designed to address site constraints. Built over a podium garage, each home will offer approximately 2,000 square feet with up to three bedrooms, private terraces and two dedicated parking spaces in the garage below the home.
ATHENS, GA. — Hunter Hotel Advisors has arranged the sale of Hyatt Place Athens, a 190-room hotel located at 412 N. Thomas St. in downtown Athens. The buyer, a local investor, purchased the hotel for an undisclosed price. Tim Osborne of Hunter Hotel Advisors brokered the transaction, while Pyramid Global Hospitality has been selected to manage the hotel. Paul Breslin of Horwath HTL and Andrew Cajka of Southern Hospitality Group, the hotel’s part-owner and operator, advised the seller, an entity doing business as HP Athens LLC. Built in 2017, Hyatt Place Athens features nearly 4,000 square feet of meeting space, a business center, 24-hour fitness center, breakfast bar and a lobby, as well as a rooftop bar. The hotel is also connected to The Classic Center, a mixed-use convention center and performing arts venue, and offers direct access to the Akins Ford Arena event hall.
SAVANNAH, GA. — GTIS Partners LP has acquired a 24-acre industrial site located within the Highway 21 corridor of Savannah, situated less than 10 miles from the Port of Savannah’s Garden City Terminal. GTIS will develop 297,163 square feet of Class A industrial space across two buildings at the site. This development marks the New York-based company’s 16th industrial investment.