Print
Real Estate - Residential

Compass Pointe Rental Home Project Secures $62M In Financing

By Staff Reports, posted Aug 17, 2023
The Village at Compass Pointe is an apartment and townhome community coming to Leland. (Rendering courtesy of Cushman & Wakefield)

A rental home community in Leland received $62 million in construction financing, according to a news release.

Officials with real estate firm Cushman & Wakefield recently announced the company served as the exclusive advisor to SR Real Estate Partners and Circle Squared Alternative Investments in the procurement of the financing for The Village at Compass Pointe, a 268-unit luxury rental community in Leland.

The loan was provided by Dwight Mortgage Trust, the release stated.

The Village at Compass Pointe's 25-acre site will feature 140 single-family rental townhomes and 128 apartments in two, four-story elevator buildings.

"Units will feature modern kitchens, spa-like bathrooms and in-unit washers and dryers," according to the release. "Upon completion, the property will feature several resort-style amenities, including two clubhouses, cabana pools and pickleball courts."

The first units in the development, which is located at the gateway to master-planned community Compass Pointe, are expected to be delivered in January 2025.

A Cushman & Wakefield Equity, Debt & Structured Finance team of Gideon Gil, Zachary Kraft, Sebastian Sanchez and Dale Braverman represented the borrower in the transaction, according to the release.

Gil said in the release, "This milestone marks a significant step towards fulfilling the growing demand for high-quality housing options in the Wilmington submarket."

Ico insights

INSIGHTS

SPONSORS' CONTENT
Untitleddesign12 101424113223

The Distinction and Importance of a CEO Working On the Business vs. Working In the Business

John Monahan - Vistage
Headshotrosaliecalarco 1182131047

Beware of Online Holiday Shopping Scams

Jane

It’s Child’s Play

Jane Morrow - Smart Start of New Hanover County

Trending News

Project Pitches New Convenience Store, Restaurant And Homes On Market Street

Emma Dill - Jul 11, 2025

Commercial Real Estate Firm Expands With Addition Of Braddock, Mello And Thorpe

Staff Reports - Jul 11, 2025

In The Current Issue

K38 Baja Grill Opens Sixth Location

Live.Eat.Surf Restaurant Group was founded 32 years ago by Josh Vach when he opened his first restaurant and K38 Baja Grill location on Olea...


Shop’s Owners Share Spooky Tales

Kim and John Hirchak, founders and owners of The Black Cat Shoppe, launched the first formal 90-minute ghost walk in 1999....


Overpass Plan Draws Opposition, Support

To handle increasing traffic, NCDOT plans to construct an overpass, elevating Eastwood Road over Military Cutoff Road while also adding traf...

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season