Multifamily

Tredway Acquires Texas Affordable Housing Portfolio for $65.5M

by Taylor Williams April 13, 2026

NEW YORK CITY — Tredway, a multifamily owner-operator based in New York City, has acquired a portfolio of 16 affordable housing and mixed-income residential properties totaling approximately 1,200 units in Texas. The sales price was $65.5 million. The majority of the properties are located in South Texas or West Texas cities such as Alamo, Amarillo, Brownsville, El Paso, Lubbock, Odessa, San Juan, Santa Rosa and Victoria. Other markets represented within the portfolio include Fort Worth and the Central Texas cities of Copperas Cove and Lampasas. Tredway plans to invest more than $10 million in capital improvements across the portfolio to preserve affordability and is partnering with Housing Services Inc., a nonprofit organization that will provide social services across the portfolio. The seller was not disclosed. Berkadia originated an undisclosed amount of Fannie Mae acquisition financing for the deal.

April 13, 2026

Acquisitions Multifamily Texas

Limited Liability Company Buys Apartment Complex in Metro Houston for $31.5M

by Taylor Williams April 13, 2026

LAKE JACKSON, TEXAS — A limited liability company doing business as 100 CS Park LLC has purchased Plantation Park Apartments in Lake Jackson, a southern suburb of Houston, for $31.5 million. According to Apartments.com, the property was built in 2016 and totals 238 units. Residences come in one-, two-, and three-bedroom floor plans and are furnished with stainless steel appliances, granite countertops, wood-style flooring, walk-in closets and full-size washers and dryers. Select residences offer private patios or balconies. Amenities include a pool, outdoor entertainment and grilling areas, a clubhouse, fitness center, business center and a resident lounge with a game area and entertainment space. The seller and sales price were not disclosed.

April 13, 2026

Acquisitions California Multifamily Student Housing Western

IEC Acquires 357-Bed Multifamily Portfolio in Davis, California for Student Housing Conversion

by Amy Works April 13, 2026

DAVIS, CALIF. — Interstate Equities Corp. (IEC) has purchased a two-property apartment portfolio in Davis for $42.8 million from an undisclosed seller. The portfolio includes Pepperwood Apartments at 2222 Sycamore Lane and Temescal Apartments at 2477 Sycamore Lane. Situated approximately 2.8 miles from the University of California, Davis, the portfolio currently offers 141 units, or 357 beds. IEC plans to gradually transition leasing toward a “by-bedroom model,” which is prevalent in the Davis student housing market. Constructed in 1981 and 1983, Pepperwood and Temescal offer a mix of one-, two-, three- and four-bedroom apartments averaging approximately 1,090 square feet. The properties offer value-add potential, and IEC plans to maintain affordability while implementing targeted interiors and exterior upgrades to Pepperwood.

April 13, 2026

Acquisitions Multifamily Southeast Tennessee

JLL Negotiates Sale of Two Nashville Multifamily Communities Totaling 177 Units

by Abby Cox April 13, 2026

NASHVILLE, TENN. — JLL Capital Markets has negotiated the sale of two apartment properties in Nashville’s Hillsboro Village neighborhood totaling 177 units: Belcourt Park and Village 21 at Regions Park. Nick Brown, Peter Yorck and John Weber of JLL represented the seller, Atlanta-based TriBridge Residential, in the off-market transaction. A partnership between Harrison Street Asset Management and Nashville-based Elmington Residential purchased the properties for $54.8 million, according to the Nashville Business Journal. Village 21 at Regions Park opened in 2017 and offers 101 units, including retail space with tenants such as E3 Chophouse, Taco Mama and Bad Ass Coffee, among others. Elmington and Harrison Street only acquired the apartment portion of the development. Belcourt Park, a 76-unit property, stands four stories tall with units averaging 646 square feet in size.

April 13, 2026

Acquisitions Florida Loans Multifamily Southeast

MMCC Arranges $3.2M in Acquisition Financing for The Grove Apartments in Marianna, Florida

by Abby Cox April 13, 2026

MARIANNA, FLA. — Marcus & Millichap Capital Corp. (MMCC) has arranged $3.2 million in acquisition financing for The Grove Apartments, a 44-unit multifamily community located in the heart of the Florida Panhandle in Marianna, approximately 65 miles west of Tallahassee. Garrett Fierstein of MMCC secured the five-year loan through a local credit union. The loan carries a 6.12 percent fixed interest rate, 30-year amortization period and a 70 percent loan-to-value ratio. Situated near Chipola College and Florida Caverns State Park, The Grove is fully occupied and features a mix of two- and three-bedroom townhomes with an average size of 1,100 square feet, according to Apartments.com.

April 13, 2026

Loans Michigan Midwest Multifamily

Bernard Financial Group Secures $14M in Financing for Michigan Multifamily Community

by Kristin Harlow April 13, 2026

OAK PARK, MICH. — Bernard Financial Group (BFG) has secured a $14 million permanent loan for a 475-unit multifamily property in Oak Park. Joshua Bernard of BFG arranged the loan on behalf of the borrower, Lincoln Towers Apartments LP. A life insurance company provided the loan. BFG will provide servicing for the loan.

April 13, 2026

Loans Multifamily New York Northeast

JLL Arranges $19M Loan for Refinancing of Brooklyn Multifamily Portfolio

by Taylor Williams April 13, 2026

NEW YORK CITY — JLL has arranged a $19 million loan for the refinancing of a portfolio of five multifamily buildings totaling 42 units in Brooklyn. Known as the Edifice Portfolio, the newly renovated buildings are located at 431-433 Wythe Ave. and 313 S. 4th St. in Williamsburg and 19-21 Columbia Place in Brooklyn Heights. Jillian Mariutti and John Flynn of JLL arranged the loan through City National Bank on behalf of the borrower, local investment firm Edifice Real Estate Partners.

April 13, 2026

Development Loans Multifamily Texas

Dwight Capital Provides $56M HUD-Insured Construction Loan for Metro Dallas Multifamily Project

by Taylor Williams April 10, 2026

GARLAND, TEXAS — New York City-based Dwight Capital has provided a $56 million HUD-insured construction loan for StoneHawk Rosehill, a 269-unit multifamily project in the northeastern Dallas suburb of Garland. The site spans more than seven acres, and the development will offer one- and two-bedroom units, 51 percent of which will be subject to income restrictions. Amenities will include a pool, clubhouse with fitness and business centers, an onsite leasing and management office and outdoor recreation areas, including a landscaped courtyard. Brandon Baksh and Brian Yee of Dwight originated the financing through HUD’s 221 (d)(4) program on behalf of the locally based sponsor, StoneHawk Capital Partners.

April 10, 2026

Acquisitions Multifamily New Jersey Northeast

CBRE Negotiates $47.8M Sale of Waverton Apartments in Secaucus, New Jersey

by Taylor Williams April 10, 2026

SECAUCUS, N.J. — CBRE has negotiated the $47.8 million sale of The Waverton, a 116-unit apartment complex in Secaucus, located across the Hudson River from New Jersey. Completed in 2022, The Waverton offers studio, one- and two-bedroom units, with roughly 20 percent of residences designated as affordable housing. Amenities include a fitness center with a private yoga studio, an outdoor lounge with grilling stations, sundeck, resident lounge with billiards and shuffleboard and a coworking and conference room. Jeffrey Dunne, Stuart MacKenzie, Eric Apfel and Travis Langer of CBRE represented the seller, a joint venture that included Canoe Brook Development as a minority partner, in the transaction. The buyer was not disclosed.

April 10, 2026

Development Massachusetts Multifamily Northeast

Greystar, Haseko Break Ground on 189-Unit Multifamily Project in Needham, Massachusetts

by Taylor Williams April 10, 2026

NEEDHAM, MASS. — A partnership between South Carolina-based owner-operator Greystar and the U.S. subsidiary of Japanese developer Haseko has broken ground on a 189-unit multifamily project in Needham, a southwestern suburb of Boston. The site at 100 West St. formerly housed an assisted living facility that has since been demolished, and the new apartment building will offer studio, one-, two- and three-bedroom units. Amenities will include a fitness center, library, lounge, package room with cold storage capabilities, a golf simulator, dog run, playground, community garden and two pocket parks. Completion is slated for fall 2027.

April 10, 2026

Newer Posts

Older Posts