Lynn Peisner

Atlanta

Editor at Multifamily & Affordable Housing Business

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Articles

Walker & Dunlop Arranges $106.3 Million Refinancing for WC Smith

1 week ago | multifamilyaffordablehousing.com | Lynn Peisner

0 WASHINGTON, D.C. — Walker & Dunlop has arranged a $106.3 million Fannie Mae loan for WC Smith to refinance construction debt on Agora, a 334-unit property developed in 2018 in Washington, D.C.’s Capital Riverfront area. Walker & Dunlop’s team was led by Brendan Coleman and Connor Locke.
MidPen Breaks Ground on Two San Francisco Affordable Housing Projects

1 week ago | multifamilyaffordablehousing.com | Lynn Peisner

2 SAN FRANCISCO — MidPen Housing, along with the City of San Francisco, has broken ground on two affordable housing communities in San Francisco. Combined, the buildings will include 167 units for low-income families and employees of the San Francisco Unified School District and the San Francisco Community College District. Rent restrictions and a construction timeline were not disclosed. In 2019, California Gov.
TruAmerica Acquires Dominion Park in San Antonio

1 week ago | multifamilyaffordablehousing.com | Lynn Peisner

Investment SalesNewsTexas 2 SAN ANTONIO — TruAmerica has acquired Dominion Park Apartments in San Antonio. The 280-unit, garden-style community was developed in 2002 and marks TruAmerica’s second acquisition in the San Antonio market. The seller and sales price were not disclosed. Northmarq arranged the sale and financing. Approximately 96 units have undergone prior renovations. TruAmerica plans to renovate the remaining units and standardize all interiors.
Decatur Housing, PAHI Complete First Phase of $49 Million Ground-Up Affordable Housing Development

1 week ago | multifamilyaffordablehousing.com | Lynn Peisner

1 DECATUR, GA. — The Housing Authority of the City of Decatur (Decatur Housing) and nonprofit developer partner Preserving Affordable Housing Inc. (PAHI) completed Phase I and broke ground on Phase II of Village at Legacy on June 18. Once completed, the two-phase development will offer 132 one-, two- and three-bedroom residences across two phases and in a variety of floor plans including townhomes and apartments.
Maymount Homes, Dinerstein to Develop BTR Project Near Tampa

1 week ago | multifamilyaffordablehousing.com | Lynn Peisner

2 LAND O’LAKES, FLA. — Berkadia has arranged the sale of a 28.5-acre parcel. Brookfield Residential Land was the seller, and Maymount Homes was the buyer. The site, located in the master-planned community of Bexley 30 miles north of Tampa, is entitled for low-density multifamily. Maymount will partner with Dinerstein Cos. to develop a 250-unit build-to-rent (BTR) community on the site. The project will be complete by the fourth quarter of 2026.
Milhaus, Humphreys Capital Open Oxlley near Oklahoma City

1 week ago | multifamilyaffordablehousing.com | Lynn Peisner

3 EDMOND, OKLA. — Milhaus and Humphreys Capital have completed and opened Oxlley in Edmond 15 miles north of Oklahoma City. Located at 101 West Main St. in the historic downtown area, Oxlley features 276 units offered as studios or in one-, two- or three-bedroom floor plans. Amenities include a 24-hour fitness center, electric vehicle charging stations, conference rooms for remote workers, a dog park and a pet spa. The community does not have breed or weight restrictions on pets.
InterFace Conference Coverage: Multifamily Operators Are Utilizing Fee Transparency, Concessions to Woo Renters

1 week ago | multifamilyaffordablehousing.com | Lynn Peisner

3 CHARLOTTE, N.C. — The federal government has been cracking down on price gouging in recent months. In May, the Federal Trade Commission (FTC) implemented a rule to ban “junk fees” from live event platforms like Ticketmaster, as well as hotels and other short-term lodging. This rule precludes the vendor or property owner/management firm from being able to charge hidden fees on the back end by requiring them to put the total cost upfront, inclusive of all mandatory fees and charges.
Woda Cooper, Parallel Housing Deliver First Phase of $36.7 Million Affordable Housing Project in Madison, Georgia

1 week ago | multifamilyaffordablehousing.com | Lynn Peisner

1 MADISON, GA. — Woda Cooper Cos. and Parallel Housing opened Carmichael Commons in Madison on June 18. The $18.2 million, 60-unit townhome community is comprised of eight one-bedroom, 32 two-bedroom and 20 three-bedroom townhomes. Units are reserved for residents with household incomes up to 50 and 60 percent of area median income (AMI). Six units are offered at market rates without income restrictions.
Camden Property Trust Sells Midtown Houston Asset

1 week ago | multifamilyaffordablehousing.com | Lynn Peisner

0 HOUSTON — Camden Property Trust, a publicly traded REIT, sold Camden Midtown to Bow River Capital for an undisclosed amount. JLL Capital Markets arranged the sale and financing of the 337-unit, three-story community in Houston. Camden Midtown was built in 1999 and features pools, 24-hour fitness centers, a pet park and a direct-access parking garage. Units include granite countertops, stainless steel appliances and wood-style flooring.
Centerspace Completes first Utah Acquisition with $149 Million Salt Lake Asset

1 week ago | multifamilyaffordablehousing.com | Lynn Peisner

2 SALT LAKE CITY — Publicly traded REIT Centerspace has acquired Sugarmont Apartments in Salt Lake City for $149 million. This marks Centerspace’s first owned asset in Utah. Northmarq’s Salt Lake City multifamily investment sales team, led by Mark Jensen, Rawley Nielsen and Darren Nielsen, arranged the sale and represented Centerspace. The seller was Cottonwood Communities, a publicly registered, non-listed REIT headquartered in Salt Lake City.