ATLANTA, GA – Atlanta Housing announced a major new development that will make living on the Atlanta BeltLine a reality for 116 working and low-income families. The Madison Reynoldstown development at 872 Memorial Drive will house working families earning up to 80 percent of the area median income, and Atlanta Housing will provide long-term subsidies to 46 families. The project is 100 percent affordable.
“Atlanta Housing is proud to help spearhead this partnership to bring affordability to one of the fastest growth areas of our city,” said Eugene E. Jones, Jr., president and CEO of Atlanta Housing. “Madison Reynoldstown demonstrates that by working together, we can bring working and low-income families close to the city’s jobs and some of its best amenities.”
The $43.6 million development sits on a 1.2-acre site in the Reynoldstown community at Memorial Drive and Chester Avenue. With direct frontage on the Atlanta BeltLine Eastside Trail extension, the property is within walking distance of jobs and neighborhood amenities including a grocery store, entertainment facilities, restaurants and a host of retail shops and services in the Madison Yards development.
Atlanta Housing will invest $8.87 million for construction, permanent and acquisition funding, in addition to long-term housing subsidies for 46 families. Both private and public financing sources make Madison Reynoldstown possible, including a $3.6 million loan from Bank of America, a $4.4 million award from the National Housing Trust Fund, low-income tax credits from the Georgia Department of Community Affairs, a $21.5 million tax-exempt bond commitment from Invest Atlanta, and a $2 million grant from the BeltLine Affordable Housing Trust Fund.
“Madison Reynoldstown is an exemplary example of interagency cooperation, bringing together private banking, Atlanta Housing, Invest Atlanta, Atlanta BeltLine, Inc., the Georgia Department of Community Affairs, the National Housing Trust Fund and the City of Atlanta,” said CEO Jones. “By working together, we will continue to build affordable housing for those in need in Atlanta.”
Madison Reynoldstown will include 71 one-bedroom, one-bath units; 36 two-bedroom, two-bath units and nine three bedroom, two-bath units in two midrise elevator buildings. The development will also include 2,700 square feet of commercial or retail space.

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NASHVILLE, TN – Sentral SoBro, Nashville’s newest flexible living community within the Sentral brand, announces opening and availability to lease. With unprecedented demand for housing in the Music City, Sentral’s SoBro community located in the vibrant South Broadway neighborhood blends the comforts of home with the needs of the ever-growing population of mobile adventurers. The nearly 300-unit community is the latest in Sentral’s growing network of urban residential properties located in the country’s most sought after cities, offering spacious accommodations, premium amenities, adaptable workspaces and Sentral-curated local cultural experiences and events.
Featuring 12 tales and 226,427 square feet, Sentral SoBro presents sweeping views of the historic Nashville skyline and quick access to the city’s central business district and thriving cultural scene. Situated on Lea Avenue, the community is a small distance to The Gulch, Broadway’s famed honky-tonks, and iconic destinations, including the Country Music Hall of Fame and Ryman Auditorium. Residents and guests are also a small walk to many of Nashville’s well loved outdoor destinations, such as the Street Workout Park at Ascend Amphitheater and the picturesque Cumberland River Greenway trails.
“The real estate market has evolved. With much of the country no longer tied to a specific location, cities that were previously unattainable for many are now an option. Nashville is in a unique position where the city’s inventory cannot match the demands of the influx of new residents; with SoBro, we hope to help balance the scales by bringing the best of flexible living to the city.” said Jon Slavet, Chief Executive Officer of Sentral. “Nashville is a leader in southern hospitality; a destination rich in culture and Sentral SoBro offers an inclusive living experience that is as dynamic as the city itself.”
In 2021, 45% of full-time U.S. employees worked from home either all or part of the time, according to a recent study by Gallup. Sentral’s innovative, adaptable platform allows residents and guests to customize their living experience to match their evolving lifestyle, offering any length of stay, including a night, month, quarter or for multiple years, across their portfolio of urban locations of vibrant and walkable neighborhoods.
The pet-friendly SoBro presents a variety of studio, one-bedroom and two-bedroom floor plans boasting panoramic views, fully equipped kitchens, in-unit washer and dryers and sleek finishes. Guests and residents have the option to select apartments that are unfurnished, or designer-furnished by Sentral that already feel like home. Furnished spaces boast custom pieces intended for modern living and present nimble options for those working from home, including consoles that can double as a desk or dining table and custom nightstands with convenient power plugs and built-in safes. “At Sentral, we know the needs of the majority of today’s workforce and feel that those seeking to visit or relocate to Nashville will find that we designed this space with their needs top of mind,” says Slavet.
Elevated touches reach beyond the apartment homes at Sentral SoBro. Through Sentral’s success in other sought-after cities, we know that our residents and guests are seeking a living experience that is all inclusive,” says Slavet. The fourth floor reveals a resort-style pool and amenity deck, an outdoor kitchen with community barbeque grills, a 24/7, state-of-the-art fitness center with private yoga and cycling studio, resident clubroom lounge, and pet spa with professional-grade wash and drying stations. On the street level, four retail spaces are available to lease, encouraging local businesses to join the Sentral community.
Sentral SoBro is the prop-tech company’s 11th community to open under the Sentral flag. The innovative brand currently operates in eight gateway cities Atlanta, Austin, Chicago, Denver, Los Angeles, Miami, Nashville, and Seattle.

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BETHESDA, MD – Walker & Dunlop, Inc. announced that it structured $302,241,000 in Freddie Mac financing for a portfolio of ten multifamily properties in central Connecticut. The portfolio comprises 2,286 units in total, over 75% of which qualify as mission-driven, affordable housing under Federal Housing Finance Agency (FHFA) guidelines.
Taylor Williams, Managing Director in Walker & Dunlop’s Capital Markets group, structured the financing on behalf of Beachwold Residential, a repeat client and family-owned real estate company headquartered in New York City. The team provided support to the client throughout the entire deal process, working to ensure the latest rental rate increases were captured in the appraisal and underwriting processes. The new loan effectively provided the borrower with an attractive fixed rate and additional proceeds.
“Taylor Williams and his team are experts,” said Gideon Friedman, CEO of Beachwold Residential. “They provided clear and prescient guidance throughout the process, and their reaction time to any queries we had was exceptional. They are truly professionals when it comes to dealing with this type of transaction.”
“It was an honor to be chosen for this transaction by Gideon Friedman and the Beachwold team,” Mr. Williams added. “We were able to effectively do the deal with an brilliant rate, thanks to our skilled team and solid partnership with Freddie Mac.”
The ten-property portfolio is comprised of a diverse and unique set of communities with construction dates ranging from 1926 to 2008. The oldest property, 278 Main, was originally a schoolhouse, which was converted to apartments. Another distinctive property is Lofts at the Mills, a former mill that was recently converted to loft apartments. Most of the properties within the portfolio are situated in irreplaceable infill locations throughout Connecticut.

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