Newmark arranged a $109.5 million loan on behalf of an Ares Real Estate fund to refinance The Knox and The Finch, a portfolio of recently constructed multifamily communities located in Acworth and Hoschton, Georgia. The financing was secured from ACORE by Newmark’s Jordan Roeschlaub, Nick Scribani , Chris Kramer and Sam Speciale.
Delivered in late 2023 and early 2024, The Knox and The Finch total 638 units and feature pools, fitness centers, resident lounges and media rooms, as well as expansive outdoor gathering areas.
Built in 2023, The Knox has 363 units in a four-story building. The Knox rents range from $1,366 to $4,183, with rooms ranging from 720 to 1,552 square feet.
The Finch’s rents range from $1,418 to $2,682 in rooms that are 725 to 1,463 square feet. At the time of the sale, renters were receiving two months of free rent upon signing a lease.
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
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Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
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Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
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