MIAMI, Fla. – April 28, 2021 – Regions Bank on Wednesday announced the company’s Real Estate Banking team is providing construction financing to AHS Residential for the development of a multifamily community called AHS Tradition.
AHS Tradition will be a 372-unit, garden-style housing development in Port St. Lucie. The development will be built within Tradition, an 8,300-acre master-planned community featuring an abundance of homes, schools, medical centers, parks and recreational trails, and more.
Located near many major employers and retailers, AHS Tradition will offer a reasonably priced alternative to increasing housing and rental prices. The community will be convenient to Interstate 95, the Florida Turnpike, and the Treasure Coast Connector bus system.
“Since its inception, Tradition has undergone substantial growth and economic development,” said Mercedes Montalvo, Senior Vice President with Regions Real Estate Banking. “We are proud to work with AHS Residential in providing a new, more affordable option for people and families to call this vibrant, master-planned community home.”
We are proud to work with AHS Residential in providing a new, more affordable option for people and families to call this vibrant, master-planned community home.
Mercedes Montalvo, Senior Vice President, Regions Real Estate Banking
The garden-style apartment community will include a mix of one- and two-bedroom units across eight three-story buildings. Unit finishes will include granite countertops, stainless steel appliances, tile, high-end cabinetry, and washers and dryers in every apartment home. Community amenities include a clubhouse, pool, fitness center, and a tot lot.
AHS Residential is a vertically integrated real estate company based in Miami. AHS Residential develops, builds, and manages multifamily rental communities.
Regions Real Estate Banking is a team of four business groups – Real Estate Corporate Banking, Income Property Finance, Homebuilder Finance, and Regions Affordable Housing – strategically assembled to meet the needs of professional real estate companies, developers, and investors.
Regions delivers competitive products with superior service marked by speed, certainty, and creativity, leveraging the bank’s full capabilities to offer a wide range of integrated banking solutions to help real estate businesses succeed and grow.
More information about Regions Real Estate Banking can be found at www.regions.com/commercial-banking/real-estate-banking. Additional information on AHS Residential can be found at www.ahsresidential.com.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $147 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates more than 1,300 banking offices and 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.