Multifamily

Intercontinental Real Estate, Interwest Buy 622-Bed Student Housing Property in Boise, Idaho

by Amy Works December 10, 2025

BOISE, IDAHO — Intercontinental Real Estate Corp., in partnership with Interwest Capital Group, has acquired River Edge, a 175-unit student housing community in Boise. Terms of the transaction were not disclosed. Located adjacent to Boise State University, River Edge offers 622 beds in a mix of two- and four-bedroom residences, averaging 1,197 square feet. Community amenities include a fitness center, study rooms, a business center, residential lounge/theater, coffee bar and parking for 277 vehicles. The joint venture plans to implement a light renovation program to all of the units, which have remained in their original condition since the property’s construction in 2015. Planned upgrades include stainless steel appliances, modern lighting, new living room furniture, smart TVs in every unit and keyless entry systems to align with market standards. Situated on 3.2 acres at 1004 W. Royal Blvd., River Edge is currently 99 percent leased for the 2025/25 academic year.

December 10, 2025

Acquisitions Colorado Loans Multifamily Western

Redpeak Properties Receives $33.2M in Acquisition Financing for Apartment Community in Denver

by Amy Works December 10, 2025

DENVER — Redpeak Properties has obtained $33.2 million in agency acquisition financing for Monaco Row, a garden-style apartment property in Denver. Tony Nargi and Eric Tupler of JLL Capital Market’s Debt Advisory team originated the five-year, fixed-rate Fannie Mae loan, which will be serviced by JLL Real Estate Capital. Located at 4665 S. Monaco St., Monaco Row features 196 one- and two-bedroom apartments spread across 16 residential buildings on 8.9 acres. Many units include direct-access garages and offer Rocky Mountain views. Community amenities include a pool, spa, fitness center, resident lounge and pet spa. The property was built in 2013.

December 10, 2025

Development Loans Multifamily Oregon Western

Ethos Commercial Advisors Secures Construction Financing for 105-Unit Multifamily Property in Salem, Oregon

by Amy Works December 10, 2025

SALEM, ORE. — Ethos Commercial Advisors has secured construction financing for The Citizen, an apartment community in Salem. Daniel Natsch and Matthew Illias of Ethos Commercial Advisors originated the $22 million, 36-month construction loan at an 82 percent loan-to-cost ratio for Deacon Development. Located downtown and spanning 64,397 square feet of gross building area, The Citizen will offer 105 apartments. Construction began recently with completion slated for spring 2027.

December 10, 2025

Acquisitions Multifamily Southeast Tennessee

Continental Realty Assets, CP Capital Purchase 336-Unit Apartment Community in Metro Nashville

by John Nelson December 10, 2025

ANTIOCH, TENN. — A partnership between Continental Realty Assets (part of Continental Realty Group) and CP Capital has purchased Discovery at Mountain View Apartments, a 336-unit multifamily community located in the Nashville suburb of Antioch. This is the first Nashville-area acquisition for the partnership and its fourth purchase total. The seller and sales price were not disclosed. Delivered in 2008, Discovery at Mountain View offers studio, one-, two- and three-bedroom apartments. Amenities include a clubhouse/leasing office, swimming pool, fitness center, business center and a dog park. Continental Realty Assets plans to modernize the apartment interiors and renovate the property’s exteriors and common areas during its ownership.

December 10, 2025

Affordable Housing Development Multifamily New York Northeast Seniors Housing

VCD to Develop 180-Unit Affordable Seniors Housing Project in The Bronx

by Taylor Williams December 10, 2025

NEW YORK CITY — Vertical Community Development (VCD) will develop a 180-unit affordable seniors housing project at1810 Randall Ave. in The Bronx. Designed by Aufgang Architects, the eight-story building will offer 157 studios, 22 one-bedroom units and a single two-bedroom unit. Information on age and rent restrictions was not disclosed. Amenities will include a fitness center, indoor and outdoor recreational spaces and social support services, and the building will also house church facilities on its ground floor. Construction is scheduled to begin next year and to be complete sometime in 2027.

December 10, 2025

Build-to-Rent Georgia Loans Multifamily Single-Family Rental Southeast

BWE Provides $38.5M Loan for Build-to-Rent Community in Kathleen, Georgia

by John Nelson December 10, 2025

KATHLEEN, GA. — BWE has provided a $38.5 million loan for Encore at Beacon Place, a 252-unit build-to-rent community located at 40 Cohen Walker Drive in Kathleen, about seven miles south of Warner Robins in central Georgia. Paul Harbor and Caleb Carter of BWE’s Birmingham office originated the bridge loan on behalf of the borrower, a multifamily investment firm based in Alabama. Delivered in February 2025, Encore at Beacon Place offers a mix of one-, two- and three-bedroom cottages. Amenities include a resort-style saltwater pool, pickleball court, clubhouse with a 24-hour fitness center with a fitness studio, community gathering room, business center, cyber café with complimentary Wi-Fi and a coffee bar.

December 10, 2025

Acquisitions Georgia Southeast Student Housing

JLL Negotiates Sale of 532-Bed Student Housing Property Near Georgia Southern University

by John Nelson December 10, 2025

STATESBORO, GA. — JLL has negotiated the sale of Market 100, a 532-bed student housing community located at 100 Bermuda Run Road in Statesboro, less than a half-mile from the Georgia Southern University campus. RDG Student Housing, a division of Redeeming Development Group, purchased the 164-unit property from Preiss for an undisclosed price. The transaction marks the buyer’s first student housing acquisition. Teddy Leatherman, Scott Clifton and Kevin Kazlow of JLL’s student housing capital markets team represented the seller in the transaction. Jayme Nelson and Dan Kearns of JLL arranged a three-year acquisition loan through Bayview Asset Management on behalf of RDG Student Housing. Market 100 was 97 percent occupied at the time of sale. The community features a mix of two-, three- and four-bedroom floorplans with bed-to-bath parity in most units. Onsite amenities include a resort-style pool, sand volleyball court, clubhouse, fitness center, computer lounge, basketball court and a billiards table.

December 10, 2025

Acquisitions Midwest Minnesota Multifamily

CBRE Arranges Sale of 204-Unit Multifamily Property in Lakeville, Minnesota

by Kristin Harlow December 10, 2025

LAKEVILLE, MINN. — CBRE has arranged the sale of Livery, a 204-unit multifamily property in the Minneapolis suburb of Lakeville. Texas-based RPM Living Investments purchased the asset from Indiana-based Garrett Cos. for an undisclosed price. CBRE’s Ted Abramson, Keith Collins and Abe Appert represented the seller. Built in 2023, the townhome-style property features a range of one-, two- and three-bedroom floor plans averaging 1,117 square feet. Amenities include a yoga room, outdoor fire pit, pool, fitness center and indoor dog spa.

December 10, 2025

Affordable Housing Development Midwest Minnesota Multifamily

Kraus-Anderson Begins Construction of $24M Affordable Housing Project in Downtown Minneapolis

by Kristin Harlow December 10, 2025

MINNEAPOLIS — Kraus-Anderson has broken ground on Exodus, a $24 million affordable housing project in downtown Minneapolis. The developer, Aeon, is partnering with St. Olaf Catholic Church on the project, which involves the rehabilitation and addition to an existing eight-story building adjacent to the church. Once complete, the development will provide 72 studio units of deeply affordable housing, designed to support individuals experiencing homelessness and housing instability. Residents will be referred through Hennepin County’s Coordinated Entry and Behavioral Health Systems. Touchstone Mental Health will provide comprehensive supportive services. Through a long-term ground lease, Aeon will be the new owner and operator of the building. Constructed in the 1950s, the building was originally designed to provide dorm-style housing for young professional women working downtown. Over time, the property transitioned to providing temporary shelter for unhoused individuals downtown through Catholic Charities and Hennepin County, before becoming completely vacant. Urbanworks Architecture and Kraus-Anderson will serve as the architect and general contractor. Plans call for the substantial rehabilitation of the building’s interior and connecting a newly built eight-story addition adjacent to the original. There will be community spaces, outdoor green space and a fitness center as well as new mechanical systems. The project is …

December 10, 2025

Affordable Housing Loans Massachusetts Multifamily Northeast

Lument Provides $27M HUD-Insured Loan for Refinancing of Boston Affordable Housing Property

by Taylor Williams December 10, 2025

BOSTON — New York City-based Lument has provided a $27 million HUD-insured loan for the refinancing of East Canton Street Apartments, a historic affordable housing property located in the InkBlock neighborhood of Boston. The property consists of four five-story buildings that were originally constructed in the late 1800s and a house total of 80 units. East Canton Street Apartments was converted to HUD-subsidized housing in 1981 and rehabilitated in 2007. Tracy Peters of Lument originated the fixed-rate loan through HUD’s 223(f) program on behalf of the owner, HallKeen Management.

December 10, 2025

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