BOSTON, MA – Lincoln Property Company (LPC) and Phoenix Property Company (PPC) presented Ora, a mixed-use development offering high-end studio, one, two and three bedroom apartments, now open in Boston’s Seaport District.
Ora is a 12-tale, mixed-use apartment community with 304 luxury units, as well as restaurant, retail and innovation space on the ground and garden levels. The building has been designed with a commitment to progressive thinking, innovation, luxury and connectivity. Select units feature open concept floor plans, private balconies, waterfront views, quartz countertops and keyless entry.
The themes of connectivity and luxury are reinforced by the building’s shared amenities, which include concierge services, valet parking, a central public courtyard, a rooftop pool and a sky deck on the 12th floor with over 8,500 square feet of outdoor amenity space and sweeping views of downtown and Boston Harbor.
This project is the latest development among the growing residential and commercial activity in the Seaport District. LPC and PPC are committed to continuing this area’s transformation and fostering growth across the entire region through public and private partnerships.
As part of this initiative for smart growth, Ora was designed with a commitment to climate resiliency and sustainability. The property is surrounded by a barrier built to withstand three feet of floodwater, based on FEMA and Massachusetts guidelines for rising sea levels over the next 30-40 years. It has also been awarded LEED Silver certification by the U.S. Green Building Council, the most widely used green building rating system in the world.
The team behind Ora’s leasing and marketing efforts describes the project as “a new way of urban living.” The building’s mission is to reflect the essence of the Seaport as a representation of “the new Boston.” Through its architecture, services, and amenities, Ora has been deliberately designed to facilitate real connections for its residents, while offering the convenience and vibrancy of an urban neighborhood just steps from the Silver Line and minutes from South Station.

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ATLANTA, GA – FCP announced the $30.0 million acquisition of Villas at Princeton Lakes, a 210-unit apartment community in the South Fulton area of Atlanta, GA. The acquisition marks FCP’s 18th investment in Atlanta. FCP assumed the existing loan at the property.
“The Villas at Princeton Lakes is a very well-maintained asset next to the booming South Fulton Industrial corridor,” said FCP’s Scott Reibstein. Reibstein continued, “We’re excited to have bought our second community there, central to so much growth.” The property was bought in an off-market transaction, was recently renovated and has experienced steady 95% occupancy throughout 2020.
Located at 751 Fairburn Road, SW in Atlanta, Villas at Princeton Lakes is an attractive garden-style community built in 2004 with hardi-plank and brick siding. The community features large one, two and three-bedroom, family-friendly floorplans, with extra storage, private patios and brilliant access to Hartsfield Atlanta International Airport, Interstates 285 and 20 and nearby convenience and amenity retailers and restaurants.
FCP extends its appreciation to Travis Presnell at Cushman & Wakefield for his representation
FCP is a privately held real estate investment company that has invested in or financed more than $8.3 billion in assets since its founding in 1999. FCP invests directly and with operating partners in commercial and residential assets. The firm makes equity and mezzanine investments in income-producing and development properties.

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DORAL, FL – Walker & Dunlop, Inc. announced that it structured $84,000,000 in financing for Sanctuary Doral, a newly constructed, 226-unit, Class A, mid-rise apartment building in Doral, Florida with nearly 27,000 square feet of ground floor retail space.
Jeremy Pino and Livingston Hessam led Walker & Dunlop in structuring the financing on behalf of Shoma Group, a strong, repeat client with extensive experience in developing multifamily properties throughout Florida. Pino and Hessam worked alongside Geoff Smith and Kimberly Schmitz of Walker & Dunlop Commercial Property Funding, the company’s specialty finance first mortgage and mezzanine lending platform. Bringing a solutions-oriented approach to every deal, the team specializes in addressing the most complex commercial real estate transactions.
Together, Walker & Dunlop’s team provided interest-only bridge financing with a three-year term. The debt served as a construction loan takeout prior to lease-up of the development, which is currently approximately 30 percent occupied.
“We’re very pleased to obtain financing for Sanctuary Doral with Walker & Dunlop. This is the second deal we have completed together this year and is a right endorsement of the strength and market appeal of our offering,” commented Masoud Shojaee, President and Chairman of the board of Shoma Group. “Each team worked together to make this happen. We look forward to continuing our forward momentum on this development and collaborating on other projects in the future.”
Sanctuary Doral, located in one of Miami’s most desirable submarkets, offers a mix of one-, two-, and three-bedroom apartments within two, six-tale mid-rise buildings. The luxury rental community is situated on eight acres and features ample outdoor space, resort-style amenities, and the unique Shoma Bazaar food hall.
“This transaction highlights WDCPF’s ability to deliver competitively priced capital in the midst of the development’s final phase of lease-up,” Mr. Smith commented. “We believe in Shoma Group’s track record and vision for the area. Once lease-up is complete, Shoma also benefits from the position and strength of the larger Walker & Dunlop platform, which can provide permanent financing through our agency, CMBS, and life company relationships.”

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