Multifamily

Virga Capital Buys 258-Unit Apartment Community in Pflugerville, Texas

by Taylor Williams February 17, 2026

PFLUGERVILLE, TEXAS — Montana-based investment firm Virga Capital has purchased The Beacon at Pfluger Farm, a 258-unit apartment community located on the northern outskirts of Austin. Built in 2022, The Beacon at Pfluger Farm is a garden-style property that offers one-, two- and three-bedroom units with an average size of 890 square feet. Amenities include a pool, clubhouse, two fitness centers, coworking and resident lounges and outdoor gathering areas. The seller and sales price were not disclosed.

February 17, 2026

Affordable Housing Development Multifamily New York Northeast

Joint Venture to Develop 213-Unit Affordable Housing Project in Brooklyn

by Taylor Williams February 17, 2026

NEW YORK CITY — A joint venture between Slate Property Group and Thorobird Cos. will develop a 213-unit multifamily project in Brooklyn. Designed by Think! Architecture + Design PLLC, the building will be located on a city-owned site at 570 Eldert Lane in the borough’s Cypress Hills area. Of the 213 units, 66 apartments, which will come in one-, two-, three- and four-bedroom floor plans, 66 will be set aside for formerly homeless residents. The remaining units will be reserved for households earning between 40 and 80 percent of the area median income. The building will also have 10,000 square feet of community space that will be operated by the Bangladeshi American Community Development & Youth Services. Completion is slated for summer 2028, with full occupancy planned for 2029.

February 17, 2026

Woodmont-Commons-Apartments-Londonderry-New-Hampshire

Acquisitions Loans Multifamily New Hampshire Northeast

JLL Arranges $25.2M Acquisition Loan for Southern New Hampshire Apartments

by Taylor Williams February 17, 2026

LONDONDERRY, N.H. — JLL has arranged a $25.2 million acquisition loan for Woodmont Commons Apartments, an 87-unit multifamily complex in Londonderry, located near the Massachusetts-New Hampshire border. Built in 2019 within the 600-acre Woodmont Commons master-planned community, the property includes a 31,341-square-foot retail component. Residences come in one-, two- and three-bedroom floor plans. Riaz Cassum, Ryan Parker, Hunter Cuthbertson and Joe Marinaro of JLL arranged the fixed-rate loan through Metro Credit Union on behalf of the borrower, metro Boston-based Cambridge West Partners.

February 17, 2026

Affordable Housing Development Massachusetts Multifamily Northeast

MassDevelopment Provides $23.5M in Bond Financing for Metro Boston Affordable Housing Project

by Taylor Williams February 17, 2026

REVERE, MASS. — MassDevelopment has provided $23.5 million in tax-exempt bond financing for a 56-unit affordable housing project in Revere, located just east of Boston. The building at 110 Ocean Ave. will have 32 units for households earning 50 percent or less of the area median income (AMI) and 24 units for households earning 30 percent or less of AMI. In addition to 48 one-, two- and three-bedroom units, the building will also have eight group living units. The borrower is an affiliate of local owner-operator The Neighborhood Developers.Construction is underway and is expected to be complete in fall 2027. TD Bank purchased the bond.

February 17, 2026

Development Georgia Multifamily Southeast

Crescent Communities Begins Construction on 312-Unit Apartment Community in Tucker, Georgia

by John Nelson February 17, 2026

TUCKER, GA. — Charlotte-based Crescent Communities has begun construction on RENDER Tucker, a 312-unit apartment community in Tucker, about 20 miles northeast of Atlanta. Chuo Nittochi Group is serving as the equity partner on the project, and Santander Bank is providing debt financing. Set for completion in summer 2027, the 13-acre development will include an entry park and arrival lawn, clubhouse, hammock zones and swings, a pool, fireplace, fire pit, dog park, grills and a community garden. The design-build team includes Focus Design Interiors (interior design), Hensley Lamkin Rachel (architect), Kimley-Horn (civil engineer) and MSD (landscape architecture).

February 17, 2026

Affordable Housing Development Multifamily Southeast Tennessee

Public-Private Partnership Underway on 278-Unit Mixed-Income Residential Development in Chattanooga

by John Nelson February 17, 2026

CHATTANOOGA, TENN. — A public-private partnership between The Atlantic Cos., the City of Chattanooga and American South Capital Partners has broken ground on 702 Manufacturers Road, a 278-unit mixed-income residential development along the Tennessee River in Chattanooga. The project is the first to utilize the City of Chattanooga’s affordable housing PILOT program, which ensures that 15 percent of the units (42 in total) will have income restrictions affordable to the city’s workforce housing residents. Ameris Bank and American South Capital Partners are providing construction financing for the development, which Patterson Real Estate Advisory Group arranged. Set for completion in late 2027, 702 Manufacturers Road will offer a mix of studio, one- and two-bedroom floorplans, as well as a sky lounge and terrace and direct access to the river. The project team includes Brock Hudgins Architects, Kimley-Horn and McShane Construction Co.

February 17, 2026

Acquisitions Affordable Housing California Multifamily Seniors Housing Western

Arka Properties, Black Equities Sell Affordable Seniors Housing Community in San Diego for $47M

by Amy Works February 17, 2026

SAN DIEGO — Arka Properties and Black Equities have completed the disposition of Lakeshore Villa Apartments, an affordable seniors housing property in San Diego’s San Carlos nieghborhood, to an undisclosed buyer for $47 million. Otto Ozen, Shawn Bolour and Jordan Pakzad of The Mogharebi Group represented the seller in the deal. Located at 6888 Golfcrest Drive, Lakeshore Villa features two three-story buildings offering 126 one-bedroom/one-bath floor plans with an average unit size of 520 square feet. Lakeshore Villa Apartments benefits from a 100 percent Senior HUD HAP Contract, ensuring stable income and long-term occupancy. The buyer plans to invest capital into the property and has committed to extending the affordability of the asset.

February 17, 2026

Acquisitions Colorado Multifamily Western

Thompson Thrift Divests of Notch66 Multifamily Asset in Longmont, Colorado

by Amy Works February 17, 2026

LONGMONT, COLO. — Thompson Thrift has completed the sale of Notch66, a 336-unit apartment property in Longmont. Scottsdale, Ariz.-based The Wolff Co., through its core-plus acquisition vehicle, purchased the asset for an undisclosed price. Developed with equity from Watermark 2021 Development Fund III, Notch66 features one-, two- and three-bedroom apartments with quartz countertops, stainless steel appliances, hardwood-style flooring, full-size washers/dryers, walk-in closets and private yards and detached garages in select units. Community amenities include a clubhouse with resident gathering spaces, a heated resort-style swimming pool, a fully equipped fitness center, community-wide Wi-Fi and a dog park. At the time of sale, the property was 93 percent leased. Situated on 18.4 acres at 2514 Main St., Notch66 was completed in June 2024. Shane Ozment, Terrance Hunt, Chris Hart and Brad Schafer of CBRE represented the seller in the deal.

February 17, 2026

Acquisitions Illinois Midwest Multifamily Seniors Housing

SVN Chicago Commercial Arranges Sale of 105-Unit Seniors Housing Community in Bolingbrook, Illinois

by Kristin Harlow February 17, 2026

BOLINGBROOK, ILL. — SVN Chicago Commercial has arranged the sale of McKenzie Falls, a 105-unit seniors housing community located at 265 Lakeshore Drive in Bolingbrook. Reid Bennett and Dan Short of SVN Chicago served as the sole advisors on the transaction. The asset sold for $6.7 million. Buyer and seller information was not provided.

February 17, 2026

Acquisitions Georgia Multifamily Southeast

ECI, Marcus Partners Acquire 280-Unit Riverside Parc Apartments in West Atlanta

by Abby Cox February 16, 2026

ATLANTA — A joint venture between ECI Group and Marcus Partners has acquired Riverside Parc Apartments, a 280-unit complex located at 1925 Waycrest Drive SW in west Atlanta. ECI plans to renovate the property with an updated clubhouse and refreshed apartment interior finishes, including new plumbing fixtures, paint and washer/dryer combinations. The garden-style community spans seven buildings and offers one, two- and three-bedroom floorplans ranging in size from 795 to 1,350 square feet, according to Apartments.com. Amenities at the property include an onsite clubhouse with a dart board and movie theater seating, swimming pool, car care center, fitness center, playground and an electronic lounge that features computers, a printer, Wi-Fi and a coffee bar.

February 16, 2026

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