PORTLAND, OR – LMC, a wholly owned subsidiary of Lennar Corporation and a leader in apartment development and management, announced the start of leasing at Denizen, a contemporary mixed-use apartment community in the Kerns neighborhood of Portland. Virtual and online leasing options are available to enable future residents to access a unique and realistic view of the community.
The midrise community, which consists of 212 apartment homes and 7,700 square feet of ground-floor retail, is located near the confluence of the eastside industrial district and the historic Laurelhurst neighborhood. The community sits just north of vibrant Sandy Boulevard, which is evolving into one of the city’s most desirable locations. Go-ins started in August.
“The Portland market features a small bit of everything and we’ve been continually excited to officially become a part of it,” said Brad Reisinger, division president of Pacific Northwest for LMC. “Denizen’s location is hard to beat with a wide variety of attractions at the fingertips of residents. We believe the community will complement the eclectic environment and we look forward to offering a top-tier living experience on the eastside.”
Situated at 2050 Northeast Hoyt Street, Denizen puts residents within steps of restaurants, shops and nightlife options along Sandy Boulevard and the eastside corridor. The community features a superb Walk Score of 97—considered a walker’s paradise—and a perfect bike score of 100. The community sits less than two miles from Laurelhurst Park, which contains 31 acres of open space, athletic fields, off-leash dog areas and paths for running, walking or biking.
Residents will delight in prime connectivity to several key thoroughfares across the city. Sandy Boulevard easily connects with Downtown Portland, and nearby Interstates 5 and 84 are the gateways to key locales across the metropolitan area and beyond. The site is one block from a stop along the Tri-Met bus line.
Denizen offers studio, one- and two-bedroom apartment homes and a variety of high-end finishes and upmarket touches. Apartment interiors feature stainless steel appliances, wood-style plank flooring, tile backsplashes, under-mount sinks, tile surrounds in bathtubs/showers, and full-size washers and dryers in all homes. Select homes offer air conditioning, Juliette balconies, and the top-floor corner homes will be equipped with full-size balconies.
Community amenities consist of a resident lobby, co-working lounge with a private conference room and fireplace, pub-inspired clubroom with a photo booth, beer tap and large-screen televisions, fitness center with inspiring motivational wall, rooftop amenity space with grill areas, and an aesthetic courtyard with fire pit and barbecues.
Denizen marks one of two LMC communities under development in Portland. It joins Amara, a 138-home midrise situated at the southern edge of the Pearl District, which is projected to open in 2021.

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FORT WORTH, TX – Walker & Dunlop, Inc. announced that it structured a $17,850,000 Fannie Mae loan for Constellation Ranch, a 324-unit, Class B multifamily property located in Fort Worth, Texas. The property consists of 13 apartment buildings and was distinctively designed with a Texas ranch-style ambience.
Stuart Wernick, Managing Director, and Matt Newton, Director, led the Walker & Dunlop team in arranging the refinance for Railfield Partners, a long-time client. The ten-year, floating-rate loan was structured with full-term interest only payments at a rate below 2.50 percent. At funding, the property’s occupancy was approximately 94 percent.
Mr. Wernick commented, “We were able to tailor Fannie Mae’s loan programs to meet our client’s unique needs, providing them flexible loan terms that allow them to revisit a sale of the property once the market recovers from the effects of COVID-19. Constellation Ranch is a unique community, offering a mixture of the rural and the urban. We are excited to have played a role with Fannie Mae in getting this job done.”
Built in 2005, Constellation Ranch is located minutes from downtown Fort Worth and offers one-, two-, and three-bedroom floor plans. The property offers a resort-style pool and spa, a state-of-the-art clubhouse, business center, pet park, and multiple outdoor picnic areas, grills, and fireplaces.
Walker & Dunlop is a leader in multifamily lending, ranking as the largest Fannie Mae DUS multifamily lender and the 3rd largest Freddie Mac Optigo multifamily lender by volume in 2019.

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AUSTIN, TX – Bluestone Properties is a vertically integrated private real-estate company that owns and manages stabilized high-quality multifamily assets in high growth secondary markets. The firm’s newest acquisition is the 2016, built 372-unit property named Ethos Apartments located in Austin.
The Ethos is located a small distance from downtown Austin, with simple access on I-35 Frontage. The property location in South Austin makes it very attractive for those commuting to any location in the city. Residents will delight in convenient access to numerous shopping and dining options in areas such as Southpark Meadows as well as a wide variety of green spaces nearby for walking, jogging, or hiking.
The Ethos apartments is a modern garden style community that offers interior amenities such as granite countertops, natural dark wood cabinetry, and wood flooring. The community amenities compliment the neighborhood with a private five-acre park, three outdoor pet parks, and walking trails. Unique features of the Ethos are the private fenced in backyard homes and the expansive hilltop views.
Senior Vice President for Bluestone Properties, Monica Escobedo, clarifies, “We are very excited to grow our portfolio in Texas, The Ethos is a fantastic add to the Bluestone family as it is has unique positioning in the market with simple access to the best city amenities Austin has to offer, yet it is set in a natural setting in the hilltops, our residents get the best of both worlds they can delight in downtown fun and have a serene place to call home.”

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