Multifamily

IPA Negotiates Sale of 276-Unit Apartment Complex in Grapevine, Texas

by Taylor Williams June 18, 2025

GRAPEVINE, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of The Carter, a 276-unit apartment complex in Grapevine, located in the northern-central part of the metroplex. Built in 2023, the property offers one-, two- and three-bedroom units with an average size of 1,000 square feet and amenities such as a pool, fitness center, pet park, wine lounge, wellness center, package lockers and a rooftop terrace. Drew Kile, Joey Tumminello, Taylor Hill, Michael Ware and Shelby Clark of IPA represented the seller, Integrated Real Estate Group, in the transaction. The team also procured the buyer, Rockport Equity.

June 18, 2025

Development Multifamily New Jersey Northeast

Garden Communities Begins Leasing 154-Unit Apartment Complex in Princeton, New Jersey

by Taylor Williams June 18, 2025

PRINCETON, N.J. — New Jersey-based owner-operator Garden Communities has begun leasing Phase I of Lofts at Princeton, a 154-unit apartment complex in Central New Jersey. Phase I features one-, two- and three-bedroom units with a maximum size of 1,620 square feet. Lofts at Princeton will ultimately consist of 656 duplex and loft-style units that will be developed across three phases and amenities such as a pool, outdoor lounge with grilling stations, pocket parks, an entertainment/game room, children’s playroom and a package handling center. Rents start at $2,400 per month for a one-bedroom apartment.

June 18, 2025

Development Multifamily New Jersey Northeast

Silverman Group Breaks Ground on 62-Unit Multifamily Project in Short Hills, New Jersey

by Taylor Williams June 18, 2025

SHORT HILLS, N.J. — The Silverman Group, a New Jersey-based developer, has broken ground on The Estates at Short Hills, a 62-unit multifamily project in Northern New Jersey. Designed by Michels & Waldron Associates, the property will feature 10 one-bedroom units, 49 two-bedroom apartments and three three-bedroom residences. Amenities will include a rooftop terrace, outdoor courtyard, fitness center, resident lounge and game room, package and mail rooms and garage bike storage. The building will also house 10,000 square feet of medical office space on the ground floor. The first units are expected to be available for occupancy in early 2027.

June 18, 2025

Acquisitions Mississippi Southeast Student Housing

Morgan Stanley, Scion Acquire 2,000-Bed Student Housing Portfolio Near Ole Miss for $262M

by John Nelson June 18, 2025

OXFORD, MISS. — A joint venture between Morgan Stanley Investment Management, through funds managed by Morgan Stanley Real Estate Investing (MSREI), and The Scion Group has acquired a 2,000-bed student housing portfolio located near the University of Mississippi (Ole Miss) campus in Oxford for $262 million. The portfolio is located within two miles of campus and includes 600 apartments, townhomes and cottages. The acquisition of College Town Oxford, a cottage-style community located on the west side of campus, closed earlier this month. The remaining acquisitions — which include a garden-style community located south of campus and four smaller properties in downtown Oxford — are expected to close in the third quarter. TSB Capital Advisors arranged financing for the acquisitions. The sellers were not disclosed.

June 18, 2025

Development Florida Loans Multifamily Restaurant Southeast Walker & Dunlop

Walker & Dunlop Arranges $125M Construction Loan for Cassi Apartment Tower in Miami

by John Nelson June 18, 2025

MIAMI — Walker & Dunlop has arranged a $125 million construction loan for Cassi, a 20-story apartment tower located at 91 N.E. 36th St. in Miami’s Design District. Sean Reimer, Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Jordan Casella and Michael Stepniewski led Walker & Dunlop’s New York Capital Markets team in arranging the financing on behalf of the borrower, a joint venture between the Miami Design District Associates and The Forbes Co. Amerant Bank was the lead lender, with Bank Hapoalim also participating. Cassi will feature one-, two- and three-bedroom apartments averaging 1,509 square feet in size. The tower will also include 23,000 square feet of retail space.

June 18, 2025

Acquisitions Multifamily Utah Western

Centerspace Acquires Sugarmont Apartments in Salt Lake City for $149M

by Amy Works June 18, 2025

SALT LAKE CITY — Centerspace (NYSE: CSR) has purchased Sugarmont Apartments, a Class A mid-rise multifamily property in Salt Lake City’s Sugar House neighborhood, from Cottonwood Communities for $149 million. Centerspace has retained Cottonwood as property manager for the asset, which is located at 2191 S. McClelland St. Built in 2021, Sugarmont Apartments features 341 units in a mix of studio, one-, two- and three-bedroom floor plans, along with townhomes. Residences offer quartz countertops with mosaic tile backsplashes, smart home features, private balconies, walk-in closets and luxury plank flooring. Community amenities include a resort-style pool and spa, two landscaped courtyard terraces with fire pits and grills, a fitness club and yoga studio, pet park and resident clubhouse. Mark Jensen, Rawley Nielsen and Darren Nielsen of Northmarq’s Salt Lake City Multifamily Investment Sales team represented the buyer in the transaction.

June 18, 2025

California Development Loans Multifamily Western

BWE Secures $61M Construction Loan for Park Center Apartments in Bakersfield, California

by Amy Works June 18, 2025

BAKERSFIELD, CALIF. — BWE has secured a $61 million construction loan to finance the first phase of Park Center at Seven Oaks, a planned 520-unit multifamily community in Bakersfield. Upon completion, Park Center at Seven Oaks will be the largest multifamily development in Kern County, Ariz. Phase I will include 352 garden-style apartments. Located at the southwest corner of S. Allen Road and White Lane, the initial southern phase of Park Center Apartments will feature 17 residential buildings, a leasing office, fitness center and pool house. Of the 352 planned units, 152 will be one-bedroom/one-bath units and the remaining 200 will be two-bedroom/two-bath units. Apartment amenities will include quartz countertops, subway tile backsplash, white Shaker cabinets, hardwood-style plank flooring, stainless steel appliances, in-unit washers/dryers, fiber optic internet, private patios and nine-foot ceilings. Community amenities will include a clubhouse with kitchen, lounges, coworking spaces, storage, a mail room, fitness center with yoga studio, two pools, pergola-shaded barbecue patios and fire pits and a shared active-use turf area with corn hole, volleyball and ping pong. The pet-friendly community will also offer a fenced dog run and onsite dog wash station. Tom Turnage and Alex Gregoire of BWE originated the four-year, floating-rate loan with …

June 18, 2025

Development Maryland Multifamily Southeast Student Housing Top Stories

Harrison Street, LV Collective to Build 1,003-Bed Student Housing Project Near University of Maryland

by Kristin Harlow June 18, 2025

COLLEGE PARK, MD. — Harrison Street and LV Collective have formed a joint venture to develop Rambler College Park, a 1,003-bed student housing project located less than a quarter-mile from the University of Maryland campus in College Park. Completion of the 288-unit, 340,000-square-foot development is slated for fall 2027. Rambler College Park is designed to provide 13,715 square feet of retail space, including businesses that were previously tenants of Campus Village Shoppes, a shuttered shopping center on the project site. In addition, LV Collective worked with the Lakeland Civic Association and the Lakeland Community Heritage Project to plan a community center within the development. Plans call for a library and archive to preserve and share the history of the Lakeland community, as well as a flex space to be used for presentations, art galleries and gatherings. Amenities at the project will include Daydreamer, a coffee shop owned by LV Collective, as well as a second-floor coworking mezzanine, outdoor terrace, hot tub, fitness center, yoga studio and cold plunge. “This development reflects our commitment to creating environments that go beyond housing — places where students, residents and the community alike can thrive, connect and grow,” says Jonathan Reyes, president of student …

June 18, 2025

Development Florida Loans Seniors Housing Southeast

JLL Arranges Two Construction Takeout Loans Totaling $114M for EDEN Living BTR Projects in Florida

by John Nelson June 17, 2025

WEST MELBOURNE AND JACKSONVILLE, FLA. — JLL has arranged $114 million in bridge loans on behalf of BTR developer EDEN Living to refinance existing construction debt on two Florida properties. The package includes a $70 million loan for the 373-unit EDEN at Heritage Lakes in West Melbourne and a $44 million loan for the 265-unit EDEN at Kendall West in Jacksonville. The direct lender of the construction takeout loans was not disclosed. Both properties were developed in 2024. Max La Cava, Melissa Quinn, Rob Rothaug and Jade Starkey of JLL arranged the financing on behalf of the borrower.

June 17, 2025

Acquisitions Massachusetts Multifamily Northeast

CBRE Negotiates Sale of 249-Unit Apartment Complex in Westborough, Massachusetts

by Taylor Williams June 17, 2025

WESTBOROUGH, MASS. — CBRE has negotiated the sale of Parc Westborough, a 249-unit apartment complex located about 35 miles west of Boston. The four-story building was constructed in 2016 and offers one-, two- and three-bedroom units with an average size of 1,008 square feet. Amenities include a pool, fitness center and outdoor grilling and dining stations. Simon Butler, Biria St. John, John McLaughlin and Brian Bowler of CBRE represented the seller, Utah-based Cottonwood Residential, in the transaction. CBRE also procured the buyer, an undisclosed institutional investor.

June 17, 2025

Newer Posts

Older Posts