Multifamily

JLL Arranges $25.2M Refinancing for Boutique Apartment Building in Chicago

by Kristin Harlow March 11, 2026

CHICAGO — JLL Capital Markets has arranged a $25.2 million loan for the refinancing of Chateau on Wells, a 43-unit luxury apartment building in downtown Chicago. The boutique property, built in 2016, features one retail suite and is located at 707 N. Wells St. in the heart of the River North entertainment district. Current occupancy is 95 percent. Units average 1,059 square feet and monthly rents average $4,091. Jesse Wright, Joshua Odessky, Sam Tarter, Miguel Pedersen and Ben Banzhof of JLL represented the borrower, Akara Partners, in arranging the three-year, floating-rate loan through D2 Residential.

March 11, 2026

Loans Multifamily New York Northeast

JLL Provides $125.5M Agency Loan for Refinancing of Brooklyn Apartment Building

by Taylor Williams March 11, 2026

NEW YORK CITY — JLL has provided a $125.5 million Freddie Mac loan for the refinancing of Union Channel, a 224-unit apartment building located in the Gowanus area of Brooklyn. Designed by Fogarty Finger Architecture, the building is the first of four within the Gowanus Wharf development and also houses 22,226 square feet of retail space. Units come in studio, one-, two- and three-bedroom floor plans, with 25 percent of residences reserved as affordable housing. Amenities include a rooftop pool and sundeck, fitness center with a yoga studio and a coworking lounge. Christopher Peck, Peter Rotchford, Nicco Lupo and Michael Shmuely of JLL originated the seven-year, fixed-rate loan on behalf of the borrower, a partnership between Charney Cos., Tavros and Canyon Partners Real Estate.

March 11, 2026

Acquisitions Development Illinois Midwest Multifamily

SVN Chicago Commercial Brokers $3.7M Sale of Multifamily Development Site in Hoffman Estates

by Kristin Harlow March 11, 2026

HOFFMAN ESTATES, ILL. — SVN Chicago Commercial has brokered the $3.7 million sale of a 7.2-acre development site at 2350 W. Higgins Road in Hoffman Estates. The property, located adjacent to a 101,769-square-foot shopping center, is slated for the construction of approximately 300 luxury apartment units. Wayne Caplan and Al Lindeman of SVN Chicago Commercial represented the sellers, Dutch-based Depa Holding Co. and its U.S. partner Caruso Development. An entity of Chicago-based Synergy Construction Group was the buyer. Originally zoned for commercial use, the site is the former home of a Kmart store and a Menard’s store. In addition to rezoning to accommodate residential use, the Village of Hoffman Estates also approved a new residential-oriented redevelopment and tax-increment financing (TIF) agreement. The village restructured a previous TIF agreement with the adjacent properties owned by the sellers.

March 11, 2026

Loans Multifamily New Jersey New York Northeast Seniors Housing

Partnership Receives $48M Loan for Refinancing of Tri-State Seniors Housing Communities

by Taylor Williams March 11, 2026

NEW CITY, N.Y. AND WASHINGTON TOWNSHIP, N.J. — A partnership between Bain Capital Real Estate and Capitol Seniors Housing has received a $48 million loan for the refinancing of two seniors housing communities in the Tri-State area. The communities include The Chelsea at New City, located about 40 miles north of New York City, and The Chelsea at Washington Township, about 75 miles west of New York City. The properties were built in 2021 and 2023, respectively, and both offer memory care and assisted living services, as well as various onsite amenities. JLL arranged the three-year, floating-rate loan through an undisclosed regional bank on behalf of the partnership.

March 11, 2026

Loans Multifamily Northeast Pennsylvania

ACRE Capital Funds $37M Acquisition Loan for Metro Philadelphia Multifamily Property

by Taylor Williams March 11, 2026

BALA CYNWYD, PA. — ACRE Capital has funded a $37 million acquisition loan for Luxor Bala Cynwyd, a 173-unit multifamily property located on the western outskirts of Philadelphia. Completed in 2021, Luxor Bala Cynwyd features studio, one- and two-bedroom residences that range in size from 497 to 1,157 square feet. Amenities include a pool, fitness center with a yoga studio, golf simulator, landscaped outdoor courtyard, resident lounge and a dog park. Patrick McGlohn, Brian Gould, Hunter Wood, Patrick Cunningham and Natalie Hershey of Berkadia arranged the debt on behalf of the owner, a joint venture between Arizona-based Alliance Residential and Los Angeles-based PCCP

March 11, 2026

Acquisitions Multifamily Texas

Atlantic Pacific Acquires 314-Unit Reserve at Canyon Creek Apartments in San Antonio

by Taylor Williams March 10, 2026

SAN ANTONIO — An affiliate of Miami-based investment firm Atlantic Pacific Cos. has acquired Reserve at Canyon Creek, a 314-unit apartment community in San Antonio. Reserve at Canyon Creek is located on the city’s northwest side and offers one-, two- and three-bedroom units that range in size from 676 to 1,657 square feet. Amenities include a pool, fitness center, resident clubhouse and a pet park. The new ownership plans to implement a multimillion-dollar renovation program that will upgrade unit interiors, enhance amenity spaces and deliver exterior building improvements. The seller and sales price were not disclosed.

March 10, 2026

Acquisitions Multifamily Texas

Eastham Capital Sells 248-Unit Stone Ridge Apartments in Texas City, Texas

by Taylor Williams March 10, 2026

TEXAS CITY, TEXAS — Florida-based real estate private equity firm Eastham Capital has sold Stone Ridge, a 248-unit apartment complex in Texas City, a southeastern suburb of Houston. The property offers one- and two-bedroom units with an average size of 446 square feet. Amenities include a pool, clubhouse, fitness center and a basketball court. Eastham acquired the property in 2018 in a joint venture with Mosaic Residential and subsequently implemented capital improvements. The buyer and sales price were not disclosed.

March 10, 2026

Acquisitions Multifamily Texas

JLL Brokers Sale of 172-Unit Apartment Complex in Boerne, Texas

by Taylor Williams March 10, 2026

BOERNE, TEXAS — JLL has brokered the sale of Oxbow Hill Country, a 172-unit apartment complex in Boerne, located northwest of San Antonio. Built on 6.8 acres in 2003, the nine-building property offers one-, two- and three-bedroom units and amenities such as a pool, fitness center, dog park and outdoor grilling and dining stations. Robert Wooten, Robert Arzola and Ryan McBride of JLL represented the seller, California-based Brixton Capital, in the transaction. The buyer was Steadfast Cos.

March 10, 2026

Loans Multifamily New York Northeast

JLL Arranges $16.4M Loan for Refinancing of Brooklyn Multifamily Property

by Taylor Williams March 10, 2026

NEW YORK CITY — JLL has arranged a $16.4 million loan for the refinancing of CIRRUS, a 46-unit multifamily property in Brooklyn’s Prospect Lefferts Gardens neighborhood that was completed in 2024. Designed by AB Architekten with interiors by SR Projects, CIRRUS offers studio and one-bedroom apartments and amenities such as a fitness studio, coworking lounge, package room and a sky lounge with grills, a wet bar and dining areas. Aaron Niedermayer, Robert Tonnessen and John Flynn of JLL arranged the loan on behalf of the owner, New York City-based developer Astral Weeks. The direct lender was not disclosed.

March 10, 2026

Acquisitions Colorado Multifamily Western

Granite Capital Group Divests of 105-Unit Multifamily Property in Fort Collins, Colorado

by Amy Works March 10, 2026

FORT COLLINS, COLO. — California-based Granite Capital Group has sold Enclave Rigden Farm, a multifamily property in Fort Collins, to Avanti Residential for $40.8 million, or $389,285 per unit. Located at 2758 Iowa Drive, Enclave Ridge Farm features 105 townhome-style apartments with direct access to car garages and private patios. Built in 2007, the property was 95 percent occupied at the time of sale. Robert Bratley, Jack Sanders, Mike Grippi and Pamela Koster of Berkadia represented the seller in the transaction. The Berkadia team also arranged financing for the deal.

March 10, 2026

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