Southeast

Warehouse image. Industrial photo by CHUTTERSNAP on Unsplash.

Lee & Associates’ Report: Q3 Results Shaped by Market Uncertainty, Questions of Legality, Tariffs, AI Considerations

by Sarah Daniels October 24, 2025

Lee & Associates’ 2025 Q3 North America Market Report examines a commercial real estate landscape experiencing some pauses as the effects of exogenous forces work their way through the market. Economic and legal questions, the second- and third-order effects of tariffs, persistently high costs, unemployment concerns and the new realities of artificial intelligence (AI) have combined to produce mixed results across all property types. Demand for office and retail has increased (and their respective pipelines remain constrained). Of the four property types covered in the report — industrial, office, retail and multifamily — only retail saw transaction momentum in the previous quarter. Meanwhile, the overbuilt industrial and multifamily sectors have witnessed weakening or negative demand in the third quarter. Lee & Associates’ full, detailed market report is available to read here. The overviews for the sectors below reveal a market that seems to be holding its breath, awaiting new information. Industrial Overview: Markets Await Tariff Clarity Net absorption of industrial space increased in the third quarter across North America, but demand was weak and failed again to keep pace with the supply of new buildings, while tenant growth remained hobbled by tariff concerns and interest rates. In the United States, following 8.1 million square feet …

October 24, 2025

Acquisitions Georgia Louisiana Southeast Student Housing

IPA Negotiates Sale of Two-Property Southeast Student Housing Portfolio Totaling 1,188 Beds

by John Nelson October 23, 2025

ATHENS, GA. AND BATON ROUGE, LA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of a two-property student housing portfolio totaling 1,188 beds in Georgia and Louisiana. The transaction included The Lodge of Athens, a 480-bed property serving students attending the University of Georgia; and Wildwood Baton Rouge, a 708-bed community located near Louisiana State University. Peter Katz of IPA — in association with Steve Greer and John Leonard of Marcus & Millichap — represented the seller, a joint venture between Alden Street Capital and an undisclosed institutional partner, and procured the buyer, Pumphouse Residential Group, in the transaction.

October 23, 2025

Affordable Housing Development Florida Multifamily Southeast

Related Urban Breaks Ground on 174-Unit Affordable Housing Community in East Tampa

by John Nelson October 23, 2025

TAMPA, FLA. — Related Urban, the affordable housing division of Related Group, has broken ground on Residences at East End, a 174-unit affordable housing community located at 5709 N. 47th St. in Tampa. Public partners City of Tampa and Tampa Housing Authority (THA) joined Related Urban at the groundbreaking ceremony held Wednesday, Oct. 22. Situated on Tampa’s east side, Residences at East End will be funded through Section 8 project-based vouchers and low-income housing tax credits (LIHTC), with funding sources including Fifth Third Bank and Raymond James. The project represents a total capital investment of $68.6 million. The community will offer two-bedroom apartments reserved for households earning 22 percent to 80 percent of the area median income (AMI). Amenities will include a standalone clubhouse, dog park, picnic areas, a pocket park and a fitness center. Construction is expected to be completed by the end of 2026.

October 23, 2025

Florida Loans Self-Storage Southeast

MMCC Arranges $14M Refinancing for Self-Storage Facility in Cape Coral, Florida

by John Nelson October 23, 2025

CAPE CORAL, FLA. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $14 million loan for the refinancing of a 1,016-unit self-storage facility located at 1111 S.W. Pine Island Road in Cape Coral, a southwest Florida city near Naples. Operated by CubeSmart, the 137,900-square-foot property features a wide range of climate-controlled units and moving supplies for tenants. Doug Brooks of MMCC arranged the loan through an unnamed local bank on behalf of the borrower, Island Estate Group, a real estate investment company that operates in Florida, New York, Georgia and South Carolina. The five-year loan was underwritten with a 25-year amortization schedule, 60 percent loan-to-value ratio and 18 months of interest-only payments.

October 23, 2025

Acquisitions Retail Southeast Virginia

Prudent Growth Partners Acquires Retail Center in Chesapeake, Virginia for $5.4M

by John Nelson October 23, 2025

CHESAPEAKE, VA. — Chapel Hill, N.C.-based Prudent Growth Partners has acquired Castle Shops, a 37,309-square-foot retail strip center located in Chesapeake, for $5.4 million. Dollar Tree anchors the two-building property, which was fully leased at the time of sale. Additional tenants include CHKD Thrift Store, Boost Mobile and Liberty Tax. Jeff Fritz and Jay O’Donnell of Colliers represented the seller in the transaction. George Fox, also with Colliers, served as the leasing agent at Castle Shops.

October 23, 2025

Loans Seniors Housing Southeast West Virginia

Cambridge Realty Capital Provides $4.3M HUD-Insured Loan for Skilled Nursing Property in Elizabeth, West Virginia

by John Nelson October 23, 2025

ELIZABETH, W.VA. — Cambridge Realty Capital has provided a $4.3 million HUD 223(f) loan for the refinancing of Elizabeth Care Center, a 36-bed skilled nursing facility located at 83 Little Kanawha Parkway in Elizabeth. The lender used HUD’s new Express Lane program, which facilitated the loan to receive its firm commitment to be accepted 18 days after submission. The borrower was not disclosed, but Coplin Health Systems announced that it sold Elizabeth Care Center to the operator, Providence Health Group, in late 2024.

October 23, 2025

Acquisitions Features Multifamily Southeast Southeast Feature Archive Virginia

Delaware Statutory Trusts Unleash the Potential for Section 1031 Exchanges

by John Nelson October 23, 2025

By Louis Rogers of Capital Square Navigating the complex tax rules of a Section 1031 exchange can be a complicated experience. For many, investing in a Delaware Statutory Trust, or DST replacement property, simplifies and streamlines the process so that more investors can enjoy the benefits of Section 1031. Introduction to Section 1031 Exchanges Section 1031 of the Internal Revenue Code, commonly referred to as a “tax-deferred exchange,” provides for the complete deferral of federal and state taxes on the sale of investment real estate. The seller must reinvest the net sale proceeds into a qualifying replacement property, which can be any type of real property. The gain that would have been recognized in a taxable sale is deferred until the replacement property is sold in a taxable transaction. Section 1031 has been in the tax code since 1921. Historically, most exchangers have acquired a “whole” property, meaning they acquired an entire replacement property. However, starting in 2002, many exchangers have acquired a fractionalized interest in their replacement property, first using the Tenant in Common (TIC) structure and, more recently, the DST structure. Instead of acquiring a whole property, they acquire a fractionalized interest or a percentage of a replacement …

October 23, 2025

Development Georgia Healthcare Southeast

Wellstar Receives State Approval to Build $1B Hospital in Acworth, Georgia

by John Nelson October 22, 2025

ACWORTH, GA. — Wellstar Health System, an owner and operator of hospitals and healthcare clinics in Georgia, has received state approval to develop a new $1 billion hospital in Acworth, a northwest suburb of Atlanta in Cobb County. The construction timeline was not disclosed, but The Atlanta Journal-Constitution reported that Wellstar officials said the hospital could open to patients by 2031. The AJC also reported that competing hospitals have the right to appeal the Georgia Department of Community Health’s decision. In June, Wellstar filed for a certificate of need, a formal document that is necessary in the construction for new hospitals. The Marietta, Ga.-based health system plans to develop a 230-bed hospital spanning 675,000 square feet across Cobb Parkway from the existing Wellstar Acworth Health Park. In addition to the new Acworth hospital, Wellstar is underway on $1.4 billion in major construction projects, including expanding its flagship Wellstar Kennestone hospital in Marietta with a new tower and a $300 million expansion of Wellstar Paulding Medical Center in Hiram, Ga., with a new tower totaling 112 beds across two phases.

October 22, 2025

Development Florida Loans Seniors Housing Southeast

CFG Provides $179.8M Construction Loan for Seniors Housing Development in Southwest Florida

by John Nelson October 22, 2025

SARASOTA COUNTY, FLA. — Capital Funding Group (CFG) has provided a $179.8 million construction loan to Erickson Senior Living. The seniors housing owner and operator will use the financing for the first phase of development of Emerson Lakes, a continuing care retirement community (CCRC) currently underway in Sarasota County. Situated within the Lakewood Ranch community, the first phase of Emerson Lakes will comprise four buildings — three residential buildings and one community building. Together, the three residential buildings will total 319 independent living units. Upon completion, Emerson Lakes will span 87 acres with 1,015 independent living residences and 130 continuing care units. Erickson will operate the community.

October 22, 2025

Development Southeast Student Housing Virginia

Cardinal Group, PGIM Break Ground on 493-Bed Student Housing Development Near Virginia Tech

by John Nelson October 22, 2025

BLACKSBURG, VA. — A joint venture between Cardinal Group Development and PGIM has broken ground on a 493-bed student housing development near the Virginia Tech campus in Blacksburg. Located at 501 S. Main St., the community will offer 215 units across two five-story buildings and 50 three-story townhomes. The property will also feature 17,456 square feet of retail space on the ground level. Shared amenities are set to include a pool and hot tub, fitness center, clubhouse and collaborative study lounges. Each townhome will offer a private rooftop terrace and two-car garage. The project is scheduled for completion ahead of Virginia Tech’s 2027-2028 academic year.

October 22, 2025

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