Southeast

Hilton Debuts First LivSmart Studios Hotel in Tullahoma, Tennessee

by John Nelson July 10, 2025

TULLAHOMA, TENN. — Hilton has opened its first ever LivSmart Studios by Hilton hotel located at 251 William Northern Blvd. in Tullahoma, a city in Middle Tennessee near the Alabama border. Hilton operates the 89-room LivSmart Studios by Hilton Tullahoma, which was developed in partnership with 3H Group Inc. and Aztec Group LLC. The hotel is the first Hilton-branded property in Tullahoma. LivSmart Studios is an extended stay hotel brand that appeals to guests seeking room accommodations for 10 or more nights. Each room at LivSmart Studios by Hilton Tullahoma features a full kitchen with a two-burner cooktop, refrigerator, dishwasher, microwave and kitchen cookware. Amenities include a laundry room, fitness center, convenience store and an outdoor patio area with fire pits and grills. Hilton, along with development partner Sun Management & Development Corp., plans to open the second LivSmart Studios-branded hotel later this summer in Kokomo, Ind.

July 10, 2025

Acquisitions Georgia Southeast Student Housing

TSB Realty Arranges Sale of 543-Bed Student Housing Community Near Kennesaw State University in Georgia

by John Nelson July 10, 2025

MARIETTA, GA. — TSB Realty has arranged the sale of The Indy, a 543-bed student housing community located near the Kennesaw State University campus in Marietta. Heitman purchased the property on behalf of an institutional investor from a joint venture involving Vesper Holdings. Terms of the transaction were not released. Delivered in 2020, the community offers 172 units in a mix of one-, two-, three- and four-bedroom configurations. Shared amenities include a saltwater resort-style pool, 24-hour fitness center, clubhouse, cyber café and coffee bar, game room, indoor and outdoor rooftop lounge, putting greens and fire pits. The Indy was fully occupied at the time of sale.

July 10, 2025

Development Maryland Retail Southeast

Greenberg Gibbons Begins $10M Renovation of Hunt Valley Towne Centre Near Baltimore

by John Nelson July 10, 2025

COCKEYSVILLE, MD. — Greenberg Gibbons has begun the $10 million renovation of Hunt Valley Towne Centre, a 925,000-square-foot, open-air mixed-use development located in Cockeysville, roughly 16 miles north of Baltimore. The renovation project will feature a new plaza and improvements to the center’s Regal movie theater. Situated within Hunt Valley’s Main Street corridor, the new plaza will feature a new turf lawn, pergola, seating area and a retractable 14-foot multimedia screen, as well as space for games and seasonal activities. The plaza will also host the center’s “Friday Night Live” summer concert series, movie nights and annual Christmas tree lighting ceremonies. Completion of the plaza is expected for this fall. Upgrades to the Regal movie theater will include refreshed exterior enhancements, updated signage, a fully refurbished lobby, improved concessions with digital displays and self-service ticket kiosks. Additionally, each auditorium will comprise new laser projectors, recliner seating and new flooring. The movie theater will remain open throughout the multiphase renovation process. Following the closure of Hunt Valley Mall in 2000, the property was redeveloped and began operating as Hunt Valley Towne Center in 2003. Tenants at the center include Wegmans, DSW, HomeGoods, Marshalls, California Pizza Kitchen, J.Crew Factory, Onelife Fitness and …

July 10, 2025

Acquisitions North Carolina Retail Southeast

Marcus & Millichap Brokers $2M Sale of Retail Property in Franklin, North Carolina Leased to Aspen Dental

by John Nelson July 10, 2025

FRANKLIN, N.C. — Marcus & Millichap has brokered the nearly $2 million sale of a single-tenant retail property located at 1370 Siler Road in Franklin, a city in western North Carolina near the Georgia border. Built in 2022 and shadow-anchored by Walmart, the property is net-leased to Aspen Dental, which is occupying the store on a 10-year corporate lease. Don McMinn and Andrew Koriwchak of Marcus & Millichap represented the seller in the transaction. Kevin Smith Sr. and Brandon Sherrill of Marcus & Millichap represented the buyer. Both parties are privately based real estate investors that requested anonymity. Donald Gilchrist, Marcus & Millichap’s broker of record in North Carolina, assisted in the sale. “This transaction highlights continued investor confidence in essential healthcare retail, particularly in premier tertiary markets like Franklin,” says McMinn. “Net-leased dental assets with strong corporate backing remain highly sought after, even as broader market dynamics evolve.”

July 10, 2025

Troy Marek Regions Real Estate Capital Markets quote from article

Content Partner Features Leasing Activity Loans Midwest Multifamily Northeast Regions Real Estate Capital Markets Seniors Housing Southeast Texas Western

Multifamily, Seniors Housing Sectors Remain Positive Real Estate Performers

by Sarah Daniels July 10, 2025

By Troy Marek, Regions Real Estate Capital Markets As we embark on the second half of 2025 amid some economic uncertainty, there are two bright spots within real estate. Both the multifamily and the seniors housing/healthcare sectors boast strong fundamentals and occupancies. RealPage data indicates 138,302 apartment units were absorbed in the first quarter, and NIC MAP data shows a seniors housing occupancy increase to 87.4 percent, or 621,000 occupied units over the same period. This suggests strong demand in both critical housing sectors, at the same time new supply is slowing. Interest Rates Drive Lending Activity Agencies Freddie Mac, Fannie Mae and HUD remain the primary loan providers supporting these two asset classes today. Unsurprisingly, interest rates heavily impact lending activity. Since the Federal Reserve decided to hold rates steady in May, sector experts have been closely watching employment and inflation data, as well as tariff impacts, as all three have the power to influence the Fed to lower rates later this year. With the Federal Reserve deciding to hold rates as-is in June, industry players will continue to keep an eye on the data. Once rates are brought down some, perhaps later this year, multifamily and seniors housing/healthcare …

July 10, 2025

Development Georgia Mixed-Use Southeast

Geosam Capital Receives Approval for 1,300-Acre Master-Planned Development in Metro Atlanta

by John Nelson July 9, 2025

HENRY COUNTY, GA. — Geosam Capital, a family-owned residential and commercial real estate development firm, has received final zoning and development agreement approval from the Henry County Board of Commissioners for The Grove. The nearly 1,300-acre master-planned community will feature more than 6,000 residential units and 2 million square feet of commercial and retail space, as well as 150 acres of greenspace, 35 pocket parks and eight miles of trails. Geosam Capital plans to build The Grove across multiple phases, beginning with road improvements from the Georgia Department of Transportation (GDOT), water and wastewater upgrades and the first residential lots. The construction timeline was not released. The development will be situated 22 miles from Hartsfield-Jackson Atlanta International Airport and near EchoPark Speedway.

July 9, 2025

Development Mississippi Southeast Student Housing

Greystar, Ole Miss to Develop Two Residence Halls Totaling 2,700 Beds, Dining Facility

by John Nelson July 9, 2025

OXFORD, MISS. — A public-private partnership between Greystar and the University of Mississippi (Ole Miss) is set to break ground on a 2,700-bed residence hall project on the university’s campus in Oxford. The development will span two sites — one formerly occupied by Kincannon Hall and one on West Row across from the Ole Miss School of Law. The Kincannon site will be home to a 1,200-bed community with parking supported by a new parking garage, which is already under construction. The West Row site will include a 1,500-bed development with a modern dining facility and 1,500-space parking garage. The communities will offer suites and semi-suites and will be constructed in partnership with Modern Living Solutions, Greystar’s modular construction business. Sections of the buildings will be made in the Modern Living Solutions factory in Knox, Pa., and shipped to campus to be assembled onsite. To support economic development and job creation in Mississippi, Ole Miss and its partners have emphasized that over 70 percent of the onsite construction work will be available to local and regional subcontractors. The project is scheduled for completion in 2027.

July 9, 2025

Leasing Activity Life Sciences North Carolina Southeast

Liquidia Signs 70,000 SF Life Sciences Lease at Pathway Triangle in Morrisville, North Carolina

by John Nelson July 9, 2025

MORRISVILLE, N.C. — Liquidia Corp., a publicly traded biopharmaceutical firm specializing in therapies for those suffering from rare cardiopulmonary diseases, has signed an approximately 70,000-square-foot lease in North Carolina’s Research Triangle region. The company will occupy space at Building 1 at Pathway Triangle, a 1 million-square-foot life sciences development located at 1000 Science Drive in Morrisville, less than three miles from Raleigh-Durham International Airport and 11 miles northwest of North Carolina State University. King Street Properties, the landlord and developer of Pathway Triangle, recently broke ground on an amenity center on the campus called The Junction, which will feature meeting rooms, conference space, a fitness center and dining options. Liquidia Corp. recently received FDA approval for YUTREPIA, the company’s trademarked treprostinil inhalation powder. The locally based firm will begin operating at Pathway Triangle in 2026.

July 9, 2025

Development Hospitality Loans Southeast Tennessee

Cronheim Hotel Capital Secures $39M Construction Financing for AC Hotel Knoxville Downtown

by John Nelson July 9, 2025

KNOXVILLE, TENN. — Cronheim Hotel Capital has secured $39 million in construction financing for AC Hotel Knoxville Downtown, a 161-room AC by Marriott-branded hotel that will be located at 427 Walnut St. and 416 Locust St. in downtown Knoxville. The non-recourse financing was structured with a 75 percent loan-to-cost (LTC) ratio and features a C-PACE component. The borrower, Vector Hospitality Inc., plans to deliver the seven-story hotel in winter 2026. The property will feature a rooftop bar and kitchen that will offer views of Neyland Stadium, home of the University of Tennessee Volunteers’ football team.

July 9, 2025

Acquisitions Office Southeast Tennessee

Gorney Realty Acquires 90,000 SF Office Building in Knoxville, Tennessee

by John Nelson July 9, 2025

KNOXVILLE, TENN. — Gorney Realty Co. LLC, a family-owned office and industrial investor based in Nashville, has purchased Cedar Ridge at Cedar Bluff, a 90,000-square-foot office building located at 480 N. Cedar Bluff Road in Knoxville. The seller and sales price were not disclosed. The five-story property was 93 percent leased at the time of sale to approximately 30 tenants, some of which have been occupants for nearly 20 years. Gorney Realty plans to upgrade Cedar Ridge at Cedar Bluff’s common areas, including the building’s lobby and restrooms.

July 9, 2025

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