Port St. Lucie

13th Floor Homes Breaks Ground On Two Townhome Rental Communities In South Florida’s Port Saint Lucie: Villas of Torino & Tredici at Central Park

8:00 am on December 21, 2023 By Oscar Nunez

South Florida-based developer 13th Floor Homes has commenced construction on two single-family rental communities in Port Saint Lucie, Florida: Villas of Torino and Tredici at Central Park. These developments, now under construction, will contribute 346 rental townhomes to the region, addressing the increasing demand for single-family housing in South Florida.

$37.5 Million In Acquisition Financing Secured For Tavalo TraditionFinancing Secured For ‘Tavalo Tradition’ Build-To-Rent Townhome Community In Port St. Lucie

8:00 am on September 17, 2023 By Oscar Nunez

Berkadia has recently marked a significant milestone by orchestrating acquisition financing for Tavalo Tradition. Situated in Port St. Lucie, Florida, this 216-town home build-to-rent community is part of the Tradition Master Planned Community. GTIS Partners oversees the buyer’s entity. The financing is a forward acquisition loan supplied by a national bank. It will be allocated incrementally, synchronized with K. Hovnanian’s construction progress, anticipated to span until mid-2024.

Concord Summit Capital Secures $122 Million Financing For 55-Plus Rental Community, Encore at Tradition, in Port St. Lucie

8:00 am on August 17, 2023 By Oscar Nunez

Concord Summit Capital has closed $122 million in financing for a 55-plus rental community under construction in Port St. Lucie. The package includes a $95 million construction loan from Madison Realty Capital and $27 million in mezzanine debt from an undisclosed lender for the developers of the 415-unit Encore at Tradition, located at 8500 Southwest America Walks Boulevard. The financing was arranged by Concord Summit Capital advisors David Larson, Daniel Eidson, and Keegan Burger. The project is being developed by America Walks at Port St Lucie, LLC, a partnership between

EDEN Living Unveils Plans For Build-to-Rent Project In Port St. Lucie’s Tradition

8:00 am on June 4, 2023 By Oscar Nunez

EDEN Living, a venture set to revitalize the build-to-rent sector, is preparing to meet surging demand in the expanding Tradition community of Port St. Lucie through a joint venture with Westport Capital Partners affiliates. The partnership has recently procured a nearly 20-acre site to establish 214 townhome-style units.

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