Thursday, August 28, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Southeast

AcquisitionsFloridaRetailSoutheast

Colliers Negotiates Sale of 103,830 SF Retail Center in Orlando

by John Nelson

ORLANDO, FLA. — Colliers has negotiated the sale of the Shoppes at South Semoran, a 103,830-square-foot retail center located in Orlando, six miles directly north of Orlando International Airport. Originally built in 1986, the property was renovated in 2013 with façade enhancements, as well as signage and parking lot improvements. Walmart Neighborhood Market anchors the property, which was 99 percent leased at the time of sale. Additional tenants include Dollar Tree, Wendy’s and Suncoast Credit Union. Brad Peterson and Whitaker Leonhardt of Colliers represented the seller, an affiliate of Core Investment Properties Fund, in the transaction. The buyer was an affiliate of Newport Capital Partners. Ben Greazel, also with Colliers, arranged acquisition financing through Ameris Bank. The sales price and loan amount were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Build-to-RentGeorgiaLoansMultifamilySingle-Family RentalSoutheast

Dwight Mortgage Trust Funds Loans for Two New Build-to-Rent Communities in Georgia Totaling $44.3M

by John Nelson

AUBURN AND PORT WENTWORTH, GA. — Dwight Mortgage Trust has financed two bridge loans totaling $44.3 million for two new build-to-rent (BTR) communities in Georgia. The assets include The Station at Kentmere in Auburn and Waterside at Rice Hope in Port Wentworth. The borrower was ARK Homes for Rent. The Station at Kentmere is a 149-unit townhome community featuring three-bedroom residences, all with one-car garages and two-and-a-half bathrooms. Amenities include a modern clubhouse with an indoor lounge, fitness center, resort-style pool with sun deck, outdoor entertainment and picnic areas and grilling stations. Waterside at Rice Hope comprises 103 three-bedroom townhomes, each with two-and-a-half-bathrooms and one-car garages. Amenities include a clubhouse, playground, lap pool, lazy river, fishing pond and grilling areas.

Continue Reading
FacebookTwitterLinkedinEmail
LoansLouisianaMultifamilySoutheastWalker & Dunlop

Reynolds Obtains $23.2M Agency Refinancing for Apartment Community in Bossier City, Louisiana

by John Nelson

BOSSIER CITY, LA. — New Jersey-based investment firms Reynolds Asset Management has obtained a $23.2 million Fannie Mae loan for the refinancing of Preston Place, a 272-unit apartment community located at 400 Preston Blvd. in Bossier City, a suburb of Shreveport, La. Allan Edelson of Walker & Dunlop arranged the financing. Devli Real Estate is a joint venture partner of Reynolds for Preston Place. Reynolds acquired Preston Place in 2023 for $23.7 million, and renovations began immediately after the acquisition. Originally constructed in 1985, Preston Place sits on eight acres and comprises a mix of 133 one-bedroom apartments, 138 two-bedroom apartments and one three-bedroom apartment.

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentFloridaMixed-UseMultifamilySoutheast

Miami-Dade County Approves $880M Mixed-Use Development in Miami’s West Little River District

by John Nelson

MIAMI — Miami-Dade County has approved the development of The HueHub, an $880 million mixed-use development in Miami’s West Little River district. Spanish-based developer Pablo Castro is teaming up with locally based Laura Tauber to lead the development. Situated on 12 acres at 8395 N.W. 27th Ave., The HueHub is slated to add more than 4,000 “attainably priced” apartments across seven 35-story towers. Residences will be fully furnished, with monthly rents starting at approximately $1,300 for a studio, $1,600 for a one-bedroom unit and $1,900 for two-bedroom units. The project will also feature nearly 200,000 square feet of interior amenities such as a learning center, communal areas, dedicated workspaces, laundry services and an urgent care facility, as well as a two-acre park. The design-build team includes Arquitectonica, Coastal Construction, Bilzin, Greenberg Traurig LLP and Franyie Engineers. The development team plans to break ground on The HueHub by the end of the year. According to multiple media outlets, the development is one of the largest to utilize Florida’s Live Local Act, which is legislation passed in 2023 to support the development of affordable and workforce housing.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMississippiSoutheastStudent Housing

Deven Group, Kayne Anderson Break Ground on 755-Bed Student Housing Community Near University of Mississippi

by John Nelson

OXFORD, MISS. — Development Ventures Group (Deven Group) and Kayne Anderson Real Estate have broken ground on a 755-bed student housing community located within a half-mile of the University of Mississippi’s (Ole Miss) campus. Situated on Anderson Road, the 243-unit property represents the first large-scale student housing project to be built within a mile of the Ole Miss campus since 2018. The design-build team includes BirdDog/Christa Development, Baker Barrios Architects and Montgomery Martin Contractors. BMO Bank is providing an undisclosed amount of construction financing. Set for completion in summer 2027, the unnamed community will span 370,000 square feet and offer one-, two-, three- and four-bedroom units. Amenities will include a resort-style pool with cabanas, jumbotron, beach volleyball court, pickleball court, indoor/outdoor fitness center, sauna, cold plunge, private study areas, sport simulator, a yoga/spin studio, food truck court and a 3,000-square-foot events venue.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMultifamilySoutheastTennessee

McShane Begins Construction on 315-Unit Declan Hermitage Apartments in Nashville

by John Nelson

NASHVILLE, TENN. — McShane Construction Co.’s Nashville office has begun construction on Declan Hermitage, a 315-unit apartment development located in Nashville ’s Hermitage neighborhood. Flournoy Development Group is developing the community, which will comprise six garden-style apartment buildings on a 15-acre site. Units at Declan Hermitage will be offered in one- to three-bedroom layouts. Designed by Dynamik Design, Declan Hermitage’s amenities will include a clubhouse, pool and sun deck, grill stations, fire pits, a dog park and a car wash. Flournoy and McShane expect to complete the community by June 2027. The duo are developing three other properties in the Southeast: Ellison Cool Springs in Franklin, Tenn., and District Eastside and District South in Greenville, S.C.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaIndustrialSoutheast

LRC Properties Buys Industrial Campus in Oviedo, Florida Totaling 209,000 SF

by John Nelson

OVIEDO, FLA. — LRC Properties has purchased Central Florida Resource Center, a three-building shallow-bay industrial property located at 5700, 5707 and 5712 Dot Com Court in Oviedo, a suburb of Orlando. The New York-based buyer purchased the property from an undisclosed seller in partnership with an unnamed institutional investor. The sales price was also not released. Central Florida Resource Center was 80 percent leased at the time of sale. LRC Properties is planning to repair the roofs, demolish excess space and complete several other cosmetic upgrades at the property, including landscaping and signage. With this purchase, LRC Properties owns approximately 6.2 million square feet of commercial real estate in the Southeast, with assets under management approaching $550 million.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsGeorgiaMultifamilySoutheast

Marcus & Millichap Brokers Sale of 280-Unit Apartment Community in Southwest Atlanta

by John Nelson

ATLANTA — Marcus & Millichap has brokered the sale of Central Park Apartments, a 280-unit community located at 2900 Camp Creek Parkway in southwest Atlanta. Built in 1969, Central Park sits on a 23-acre lot near Hartsfield-Jackson Atlanta International Airport in the city’s Camp Creek neighborhood. The property comprises 143 one-bedroom and 137 two-bedroom apartments. Scott Spalding of Marcus & Millichap’s Atlanta office represented the seller in the transaction. Marco Welch, also with Marcus & Millichap, procured the value-add buyer. Both parties requested anonymity. Marcus & Millichap’s Joe Mitchell helped facilitate the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaRetailSouth CarolinaSoutheast

Bain Capital, 11North Partners Acquire Southeast Shopping Center Portfolio for $395M

by John Nelson

BOSTON AND NEW YORK CITY — A joint venture between Bain Capital and 11North Partners has acquired a portfolio of 10 open-air retail centers in Florida and South Carolina for $395 million. Danny Finkle, Jorge Portela and Kim Flores of JLL represented the seller, PGIM Real Estate. The properties — which are located across the submarkets of Fort Lauderdale, Orlando, Tampa, Palm Beach and Charleston — include Sawgrass Square, Plantation Promenade, Miramar Commons, Rolling Oaks, Promenade at Poinciana, Solivita Marketplace, New Tampa Center, Lake Worth Plaza, Garden Shops at Boca and Point Hope Commons. The acquisition spans more than 1 million square feet and follows the joint venture’s recent purchase of three open-air lifestyle retail centers in Oklahoma City for $212 million. Publix anchors seven of the retail centers. The portfolio was more than 93 percent leased at the time of sale to tenants including Bank of America, Chipotle, Starbucks Coffee, Chick-fil-A, Jersey Mike’s and McDonald’s.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMultifamilySoutheastTennesseeWalker & Dunlop

Walker & Dunlop Arranges $105M Refinancing for 805 Lea Apartments in Downtown Nashville

by John Nelson

NASHVILLE, TENN. — Walker & Dunlop has arranged a $105 million loan for the refinancing of 805 Lea, a 356-unit apartment tower in downtown Nashville. Built in 2021, the property features 10,203 square feet of ground-floor retail space across three suites. Amenities include a 24-hour concierge services, 29th floor sky lounge, saltwater swimming pool, fitness center and two outdoor fire pits. Stephen Farnsworth led the Walker & Dunlop team that arranged the three-year loan through Nuveen on behalf of the borrower, Key Real Estate Co. The loan features two optional 12-month extensions.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts