Allied Orion Group is planning to develop The Evergreen at Whisper Valley, a 350-unit, garden-style, apartment home community located in Whisper Valley—Austin’s 2021 Master-Planned Community of the Year and the 2021 Project of the Year at the Austin Green Awards. The Evergreen will be the first multifamily community located within the 2,067-acre Whisper Valley, developed by Taurus Investment Holdings. 

Located in East Austin along SH-130 and US 290, Austin’s fastest growing corridor, The Evergreen at Whisper Valley provides convenient access to Central Austin and is just minutes from area tech employers, such as the new Tesla Gigafactory Campus, Samsung, and Amazon. The community includes a 600-acre public park and nature preserve with hiking and biking trails, a dog park, resort pool, fitness center and organic gardens as part of the community’s focus on healthy living. Whisper Valley is the largest sustainable master-planned development in the nation to use new geothermal infrastructure and solar photovoltaic panels to create residences that are zero energy capable. The community also includes future planned retail, office, dining, schools, a fire station and more.

Developed by Allied Orion Group and designed by The Sage Group, The Evergreen offers one, two and three-bedroom floorplan options with best-in-class interior features, smart living technology, and designer upgrades. Amenities include state-of-the-art fitness center, resident clubhouse with game room and catering kitchen, resort-inspired pool with oversized cabanas, electric car charging stations, grilling areas with gazebos, expansive dog park with agility course, washing stations and social areas, business center, beer garden, bicycle workshop, access to biking, hiking, and walking trails and other amenities offered at Whisper Valley.

“We are pleased to be expanding our development and management portfolio in Austin, which is one of the fastest growing cities in the United States,” said Gabe Lerner, Investment Officer of Allied Orion Group.  “The East Austin area is experiencing vigorous growth, and we are happy to be able to offer a high-quality rental option for both professionals as well as families with children in the Whisper Valley Community. We cannot be more excited to be a part of this master development, as this is Phase 1 of a planned three-phase development for Allied Orion Group in Whisper Valley.”

ORLANDO (November 13, 2020) – Berkadia announces it has secured a $49.65 million loan for the acquisition of Montevista at Windermere, a 360-unit apartment community located in Orlando, Florida. Senior Managing Director Mitch Sinberg and Associate Director Matt Robbins of Berkadia’s Boca Raton office secured the financing on behalf of Taurus Investment Holdings LLC, a global real estate private equity firm.

“Taurus has been active in the Orlando market for over 25 years and maintains strong confidence in the economic demand and resiliency of the area,” says Peter A. Merrigan, CEO of Taurus. “During a time of market uncertainty, this transaction highlights the unwavering commitment, discipline and diligence the Taurus team and our investment partners had in bringing this deal to the finish line.”

Berkadia originated, and Freddie Mac purchased, the 10-year, floating-rate loan with five years interest only and a 75% LTV.

“With Freddie Mac’s competitive terms and rate, Montevista at Windermere presented Taurus with an excellent opportunity to acquire a well maintained multifamily property at below replacement cost in one of Orlando’s most coveted, upscale neighborhoods,” said Sinberg.

Located at 6421 Conroy Road, Montevista at Windermere was built in 1989 and features a mix of townhome-style units with one- and two-bedroom floor plans ranging from 550 square feet to 1,145 square feet. Individual apartments feature vaulted ceilings, oversized windows, French doors to screened-in patios/balconies, walk-in closets and fireplaces. Some recently renovated units also feature new stainless steel appliances, quartz countertops, and faux-wood flooring. Community amenities include a resort-style pool with cabanas, raised wood poolside sundecks, gym-quality fitness center, internet café with coffee bar, poolside clubhouse with fireplace, lighted tennis courts, bark park with agility equipment, car care center, barbecue area and pergola-covered fire pit.

The property is nestled in a serene tropical setting with mature landscaping just 10 minutes from downtown Orlando, with convenient access to I-4, SR 408 and Florida’s Turnpike. The property is just minutes from Windermere’s “A”-rated schools, Orlando’s “Restaurant Row” on Sand Lake Road, and a host of large white-collar employers such as Lockheed Martin and Orlando Health, along with Valencia College and Universal Orlando.

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About Berkadia®:

Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets. To learn more about Berkadia, please visit www.berkadia.com.

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Loan proceeds refinance existing debt on the Raleigh, North Carolina, garden-style apartment community

WASHINGTON D.C., September 18, 2019 – JLL announced today it has secured $24 million in financing for Olde Raleigh Apartments, a 228-unit, garden-style apartment community located in Raleigh, North Carolina.

JLL worked on behalf of Taurus Investment Holdings, LLC, to arrange the 10-year, floating-rate loan through Freddie Mac’s Green Advantage program. The loan will be serviced by Holliday Fenoglio Fowler LP, a JLL company and a Freddie Mac Optigo℠ lender. Loan proceeds refinanced existing debt on the property.

Olde Raleigh is located at 4000 Grand Manor Court near William B. Umstead State Park and Interstates 40 and 440, which provide residents with access around the Raleigh-Durham MSA. The property consists of a mix of one-, two- and three-bedroom floor plans with a large selection of in-home features, including gourmet kitchens with stainless steel appliances, garden tubs, custom built-ins, plank flooring, in-unit washers and dryers and private patios or balconies. Community amenities include a resort-style pool, outdoor grilling station, clubroom, fitness center, business center with conference lounge, car care center, pet wash station and dog park. Olde Raleigh was more than 94% occupied at closing. 

The JLL Capital Markets team representing the borrower was led by Senior Director Jamie Leachman.