Construction is proceeding on Five43 Apartments, an upscale multifamily community situated in the Bel Air section of Harford County, Maryland which, upon its scheduled completion in early 2024, will offer a modern, mid-rise living environment with unique design features highlighted by above-average unit sizes and a full-range of amenities to residents. The project, positioned at the intersection of US 1 and MD Route 543, is a development of Lutherville-based Peak Management, LLC, an affiliate company of Hill Management Services, Inc. Leasing activities are expected to commence this fall.

Sales and leasing activity remains ahead of schedule across all asset classes at James Run, a new 108-acre mixed-use development currently under development in Harford County, Maryland by JEN Partners, a New York-based real estate private equity fund. Since initiating residential sales in late 2021, approximately 190 single-family and townhomes have been sold by Ryan Homes, (NVR, Inc), more than 25,000 square feet of retail leasing has been executed and, recently, a land parcel was sold to Park Avenue Lifestyle for the development of a 160-unit independent and assisted living project. Baltimore-based Craftsmen Companies is the development manager for James Run and MacKenzie Commercial Real Estate Services serves as the project’s exclusive leasing broker.

Rental Housing Leader Closes on Ninth Development Project in Charlotte

Today, Miami-based real estate development and construction firm Cymbal DLT Companies secured a $95 million loan from an undisclosed senior lender and from Related Fund Management for Oasis Pointe Residences, a multifamily complex in Dania Beach that is part of the Cymbal DLT Collection of communities in South Florida.

Within 29 months of groundbreaking, Cymbal DLT paid off its $60.3 million construction loan to 3650 REIT and distributed to their equity investors over a 130% return, a return that will continue to grow with ongoing cash flow. The loan will allow Cymbal DLT and their investors to keep the newly built 301-unit community as part of their growing multifamily portfolio. Cymbal DLT has a development and construction pipeline of over $2 billion in South Florida.
Patrick Martin from Related, and Asi Cymbal, Hector Torres, Jacob Nunez, and Jake Fleischer from Cymbal DLT worked tirelessly for months to close this deal.

Christian Uriarte of Torus Capital Group and Gautham Atreya of Cymbal DLT brokered the $95 million loan.

John Hotte of Krinzman Huss Lubetsky Feldman & Hotte was legal counsel for Cymbal DLT.

The 2.4-acre waterfront complex opened 8 months ago and is 97% leased. It serves as the area’s first waterfront apartment building with 301 units, thoughtfully designed details, and exceptional indoor and outdoor amenities to create fresh-air havens of relaxation and retreat. The living spaces of the building feature a mix of studios, one, two, and three-bedroom luxury apartments with open floor plans and modern features.

An exclusive collection of 14 oceanfront single-family homes redefines laid-back luxury

Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced it has broken ground on Amavi Kissimmee, a master-planned community in central Florida. Situated just south of Orlando in unincorporated Osceola County, Amavi Kissimmee represents Mill Creek’s first single-family build-to-rent community within the state. 

Establishment of the MCDD facilitates access of up to $65 million in infrastructure improvements and related services

Huntsville, AL (May 10, 2023) - RKW Residential, one of the nation’s fastest-growing multifamily management firms, announces the opening of the brand-new Highfield Madison apartment community, just west of Huntsville, Alabama, which they will be leasing and managing. The opening of Highfield Madison represents RKW’s expansion of its leasing and management platform into the rapidly growing Huntsville market and its first partnership with owner and developer i3.