Multifamily

Moinian Group Begins Leasing 38-Story Apartment Building in Lower Manhattan

by Taylor Williams April 3, 2026

NEW YORK CITY — Locally based owner-operator The Moinian Group has begun leasing ARIA 7 Platt, a 38-story apartment building located in the Financial District of Lower Manhattan. Designed by Hill West with interiors by Rockwell Group and built by AECOM Tishman, ARIA 7 Platt houses 250 units in studio, one-, two- and three-bedroom floor plans, well as penthouse residences. Indoor amenities include a fitness center, library, work pods, lounges, private dining spaces with outdoor terrace access, a gaming and virtual reality area and a communal kitchen. Outside, residents have access to a rooftop sundeck, garden lounge, movie lounge, dining areas and outdoor coworking space. Information on starting rents was not disclosed.

April 3, 2026

Loans Multifamily Southeast Virginia

Middleburg, HGI Secure Construction Financing for 299-Unit Multifamily Development in Richmond

by Abby Cox April 3, 2026

RICHMOND, VA. — A joint venture between Northern Virginia-based developer Middleburg and affiliates of Harbor Group International (HGI) has secured construction financing for Scottwood, a 299-unit multifamily development located at 4400 W. Broad St. in Richmond. Truist Bank provided an undisclosed amount of financing for the project. Construction is set to commence this month, with initial deliveries anticipated in late 2027. Situated just west of the city’s Scott’s Addition District near Topgolf Richmond, Scottwood will span two four-story buildings, one with 132 units and the other with 167, as reported by Richmond BizSense. Additionally, the project will feature curated courtyards throughout the property and activated amenity spaces along West Broad Street.

April 3, 2026

Acquisitions Illinois Midwest Multifamily

Eastham Capital, Bender Cos. Acquire Multifamily Community in Metro Chicago for $30.4M

by Kristin Harlow April 3, 2026

RICHTON PARK, ILL. — Eastham Capital and its operating partner Bender Cos. have acquired Park Towers Apartment Homes in Richton Park for $30.4 million. The 270-unit multifamily community is situated in Cook County. Park Towers is currently 94 percent occupied with average rents of $1,531 per month. The buyers plan to invest over $2.2 million focused on property infrastructure and exterior upgrades. Built in 1974, the property features floor plans ranging from 770 to 910 square feet. Amenities include a fitness center, business center, onsite laundry facilities, a putting green, outdoor games and a playground. To date, Eastham and Bender have co-invested in 13 projects.

April 3, 2026

Acquisitions Multifamily Texas

Berkadia Arranges Sale of 200-Unit Apartment Complex in West Houston

by Taylor Williams April 2, 2026

HOUSTON — Berkadia has arranged the sale of Green Tree Place, a 200-unit apartment complex in West Houston. Built in 1984, the property offers one- and two-bedroom units and amenities such as a pool, fitness center, business center, playground, outdoor kitchen and a cyber café. Chris Young, Chris Curry, Jeffrey Skipworth, Joey Rippel, Kyle Whitney and Jed Dalton of Berkadia represented the seller, Kairos Investment Management, in the transaction. The buyer was Texas-based investment firm Aligned Ventures.

April 2, 2026

Development Loans Multifamily New York Northeast Office

Naftali Provides $203M in Financing for Office-to-Residential Conversion Project in Manhattan

by Taylor Williams April 2, 2026

NEW YORK CITY — Naftali Credit Partners, an alternative lender and subsidiary of global investment firm Naftali Group, has provided $203 million in financing for an office-to-residential conversion project in Midtown Manhattan. The financing comprises a $167 million senior loan and a $36 million mezzanine loan. The borrower is private equity firm Yellowstone Real Estate Investments, and the property in question is the 25-story building at 221 West 41st St., which was originally constructed in 1925. The converted building will include a 25 percent affordable housing component and amenities such as a fitness center, spa, golf simulator, lounge and an outdoor terrace. A construction timeline was not announced.

April 2, 2026

Development Multifamily Southeast Virginia

Crescent Communities, Rockefeller Break Ground on 530-Unit Apartment Development in Metro D.C.

by John Nelson April 2, 2026

ARLINGTON, VA. — Crescent Communities and Rockefeller Group have broken ground on NOVEL Arlington, a 530-unit apartment development in the Washington, D.C., suburb of Arlington. Set for completion in early 2028, the property will sit on 5.5 acres near the interchange of I-395 and South Glebe Road, which is one exit from the Pentagon. NOVEL Arlington will comprise 493 studio, one-, two- and three-bedroom apartments, as well as 37 rental townhomes. The property will offer direct access to two trails (the Four Mile Run and the Washington & Old Dominion Trail) and 20,000 square feet of indoor and outdoor amenities, including a rooftop pool, golf simulator, coworking suites and a fitness center with recovery offerings. Crescent and Rockefeller are pursuing LEED Gold certification for NOVEL Arlington. Other members of the design-build team include Bohler D.C. (civil engineer), Hord Coplan Macht (architect), John Moriarty & Associates (general contractor), LandDesign (landscape architect), Streetsense (interior design) and Structura (structural engineer). Capital sources include equity financing from Shimizu Realty Development and Mitsubishi Estate New York and construction financing from Sumitomo Mitsui Trust Bank New York Branch.

April 2, 2026

Development Massachusetts Multifamily Northeast Student Housing

Partnership Breaks Ground on 1,200-Bed Residence Hall at Northeastern University in Boston

by Taylor Williams April 2, 2026

BOSTON — A public-private partnership between American Campus Communities (ACC) and Northeastern University has broken ground on a 1,200-bed residence hall at 840 Columbus Ave. on the institution’s campus in Boston. The 23-story project will feature 11,000 square feet of publicly accessible community space, including a second-level outdoor deck and 4,000 square feet of ground-level retail, as well as shared learning spaces and wellness amenities. Scheduled for completion in fall 2028, the project is being developed through ACC’s American Campus Equity program and is the largest on-campus equity development in the company’s history.

April 2, 2026

Acquisitions Mississippi Southeast Student Housing

TSB Realty Brokers Sale of 528-Bed Student Housing Community Near Ole Miss

by John Nelson April 2, 2026

OXFORD, MISS. — TSB Realty has brokered the sale of U Club Townhomes at Oxford, a 528-bed student housing community located near the University of Mississippi (Ole Miss) campus in Oxford. College Town Communities purchased the property from an undisclosed seller. The terms of the transaction were not disclosed. Delivered in 2018, the community offers three-bedroom units with front and back porches. Shared amenities include a resort-style pool and hot tub, sun deck, poolside lounge, Jumbotron, sand volleyball court, fitness center, recreation center, grilling stations, fire pits, two dog parks, group and private study lounges and a computer lab.

April 2, 2026

Acquisitions Colorado Multifamily Western

Colliers Arranges $56M Sale of 200-Unit Multifamily Community in Denver

by Amy Works April 2, 2026

DENVER — Colliers has directed the sale of Momentum at First Creek, an apartment property located at 5500 Telluride St. in Denver. A local Colorado-based developer sold the asset to a private out-of-state investment firm for $56 million. Completed in 2023, Momentum at First Creek offers 200 apartments, a resort-style pool, an outdoor chef-inspired kitchen with a pizza oven, a fitness center and a clubhouse featuring a game room and collaborative workspaces. Craig Stack, Bill Morkes and Nate Moyer of Colliers represented the seller in the transaction. Colliers Debt and Structured Finance team secured financing for the property on behalf of the buyer.

April 2, 2026

Loans Midwest Multifamily Wisconsin

SF Capital Arranges $31.2M Refinancing for Multifamily Property in Metro Green Bay

by Kristin Harlow April 2, 2026

GREEN BAY, WIS. — SF Capital has arranged a $31.2 million loan for the refinancing of a multifamily property in metro Green Bay. Aaron Stemple of SF Capital arranged the loan through a life insurance company on behalf of the undisclosed borrower. The loan features a 75 percent loan-to-value ratio and a 10-year, fixed-rate term.

April 2, 2026

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