Multifamily

Oxford Cos., Crawford Hoying Receive State Approval for Arbor South Mixed-Use Project in Michigan

by Kristin Harlow September 24, 2026

ANN ARBOR, MICH. — Oxford Cos. and Crawford Hoying have received final state approval from the Michigan Strategic Fund Board for Arbor South, a 20-acre mixed-use development planned for Ann Arbor’s south side. Located at 2845 S. State St. near Eisenhower Parkway, Arbor South will include more than 1,000 apartments and condominiums, including over 200 affordable housing units in partnership with the Ann Arbor Housing Commission. Plans also call for 100,000 square feet of ground-floor commercial space, an upscale hotel, parks, green spaces and gathering areas. Arbor South was approved via the largest brownfield tax recapture plan in city and county history, according to a release. It is moving forward under Ann Arbor’s new TC-1 zoning ordinance, designed to increase transit-corridor density outside downtown. The approval follows two years of planning, refinement and coordination with city officials, state leaders and project partners. Detroit-based Sachse Construction is the general contractor. The project team also includes Detroit-based architecture and design firm Lord Aeck Sargent and Ann Arbor-based civil engineering firm Midwestern Consulting. Pre-construction work is expected to begin this winter.

September 24, 2026

Acquisitions Multifamily New Jersey Northeast

CBRE Arranges Sale of 384-Unit Apartment Community in Somerset, New Jersey

by Taylor Williams September 24, 2026

SOMERSET, N.J. — CBRE has arranged the sale of a 384-unit apartment community located in the Central New Jersey community of Franklin. The Grove at Somerset was built on 41 acres in 2013, the property features studio, one-, two- and three-bedroom units, 58 of which are designated as affordable housing. Amenities include a pool with a sundeck, resident clubhouse with a lounge area, business center, fitness center, playground and a dog park. Jeffrey Dunne, Stuart MacKenzie, Eric Apfel, Travis Langer and Eric Greenberg of CBRE represented the buyer, Los Angeles-based owner-operator TruAmerica, in the off-market transaction. The seller was Harbor Group International. The sales price was not disclosed.

September 24, 2026

Acquisitions Connecticut Multifamily Northeast

NEPCG Negotiates $14.3M Sale of Hartford Multifamily Portfolio

by Taylor Williams September 24, 2026

HARTFORD, CONN. — Regional brokerage firm Northeast Private Client Group (NEPCG) has negotiated the $14.3 million sale of a portfolio of 23 multifamily properties totaling 167 units in Hartford. Known as the West End Hartford Portfolio, the buildings are situated within three blocks of one another in the state capital neighborhood of the same name. Information on floor plans and amenities was not disclosed. Taylor Perun and Brad Balletto of NEPCG represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

September 24, 2026

Acquisitions Multifamily New Jersey Northeast

Marcus & Millichap Brokers $4M Sale of Apartment Building in Kearny, New Jersey

by Taylor Williams September 24, 2026

KEARNY, N.J. — Marcus & Millichap has brokered the $4 million sale of Helena Arms, a 17-unit apartment building in the Northern New Jersey community of Kearny. The three-story building was constructed in 1969 and houses two studios, six one-bedroom units and nine two-bedroom apartments. Devin Perez, Alan Cafiero and Dean Matuszewicz of Marcus & Millichap represented the seller, a private investor, in the off-market transaction, and procured the undisclosed buyer. Mark Litwack of Marcus & Millichap Capital Corp. arranged acquisition financing for the deal.

September 24, 2026

Acquisitions California Multifamily Western

Kidder Mathews Arranges $21.8M Sale of Two Apartment Properties in Riverside, California

by Amy Works September 24, 2026

RIVERSIDE, CALIF. — Kidder Mathews has brokered the sale of two adjacent workforce housing properties in Riverside. The 113-unit portfolio traded for $21.3 million, or $192,920 per unit and $244 per square foot. The transaction included University Gardens, a 25-unit property at 1480 Seventh St., and Normandy Apartments, an 88-unit complex at 3681-3725 Cranford Ave. with two side-by-side, 44-unit buildings. Both properties feature swimming pools. Situated within an Opportunity Zone, the gated, garden-style communities consist of two- and three-bedroom walk-up apartment buildings. Jon Mitchell of Kidder Mathews represented the undisclosed seller in the deal.

September 24, 2026

Acquisitions California Multifamily Western

Vista International Sells Molokai Apartments in San Diego for $11.2M

by Amy Works September 24, 2026

SAN DIEGO — Marcus & Millichap has arranged the $11.2 million sale of The Molokai Apartments, a 39-unit property in San Diego. Austin Ray Huffman and Chris Zorbas, of the Zorbas Huffman Group based out of Marcus & Millichap’s San Diego office, listed the property on behalf of the seller, Vista International Inc. Michael Wolf of Coldwell Banker West represented the buyer, a private investor. Built in 1971, The Molokai Apartments is a 32,204-square-foot property situated on about 1 acre at 5055 73rd St. in San Diego’s College East neighborhood. The property consists of 27 one-bedroom, one-bathroom units and 12 two-bedroom, two-bathroom units and features gated entry, onsite storage, off-street parking and a pool.

September 24, 2026

Development Florida Seniors Housing Southeast

Nonprofit Breaks Ground on $380M Seniors Housing Project in Boynton Beach, Florida

by John Nelson September 24, 2026

BOYNTON BEACH, FLA. — Green Cay Life Plan Village Inc., a nonprofit corporation, has broken ground on a continuing care retirement community (CCRC) project in Boynton Beach, approximately 30 miles north of Fort Lauderdale. Greenbrier Development LLC and BRP Senior Housing Management LLC, a Delray Beach-based affiliate of private equity real estate firm Big Rock Partners, are co-developers for the project, called The Winsberg at Green Cay. Greenbrier Development will also manage the seniors housing property, which is the first new CCRC built in Palm Beach County since 2016. Upon completion, the project — which was first announced in 2022 — will span 15 acres. The community will total 220 residences in a 510,000-square-foot building, with 189 independent living units and 32 assisted living and memory care units. Amenities will include multiple dining venues, a bar and bistro, fitness center, yoga studio, salon, theater, pickleball court, swimming pool and spa. Moss Construction is the construction manager for The Winsberg at Green Cay. The opening is scheduled for 2028.

September 24, 2026

Affordable Housing Development Southeast Tennessee

Clear Blue Breaks Ground on 228-Unit Affordable Housing Community in Dickson, Tennessee

by John Nelson September 24, 2026

DICKSON, TENN. — The Clear Blue Co. has broken ground on Honeywood Dickson, a 228-unit affordable housing community located at 841 Cowan Road in Dickson, about 40 miles west of Nashville. The property will feature one- to four-bedroom homes reserved at 30, 60 and 80 percent of the area median income (AMI). The $88.1 million project is being advanced through collaboration among Clear Blue, HUD, the City of Dickson, Dickson County, the Tennessee Housing Development Agency (THDA), Regions Bank, the Dickson Housing Authority and other public and private partners. Regions Real Estate Capital Markets provided a Freddie Mac loan for the project, and Regions Affordable Housing provided construction and equity bridge loans and made an equity investment in the project’s 4 percent LIHTC allocation by the THDA. The Health and Educational Facilities Board of the City of Dickson authorized the issuance of up to $48 million in tax-exempt bonds that were underwritten by Raymond James National Housing Group. Additionally, the Dickson Housing Authority will provide development-based vouchers for 60 homes. The design-build team includes architect Studio A Architecture and general contractor BACAR Constructors. Clear Blue plans to deliver first units at Honeywood Dickson next fall and fully deliver the property in …

September 24, 2026

Acquisitions California Mixed-Use Multifamily Restaurant Retail Western

Decron Properties Acquires Apartment Property in Los Angeles for $114M

by Amy Works September 23, 2026

LOS ANGELES — Locally based Decron Properties has acquired 5550 Wilshire, a 163-unit apartment community in the Miracle Mile area of Los Angeles. According to the Los Angeles Business Journal, the seller was private equity real estate investor GID, headquartered in Atlanta. The asset sold for $114 million. Blake Rogers of JLL arranged the transaction. Developed in 2010, 5550 Wilshire offers one-, two- and three-bedroom apartments and townhomes. Amenities include a resort-style pool, hot tub, rooftop lounges, movie theater and parking for 484 vehicles. The property also includes 14,686 square feet of ground-floor retail space that is fully leased to tenants that include Chipotle, Five Guys and FedEx Office. Decron owns and manages approximately 10,000 multifamily units and approximately 1 million square feet of retail assets across California, Washington and Arizona.

September 23, 2026

Acquisitions California Multifamily Western

TruAmerica Buys 200-Unit Bridges at San Ramon Multifamily Complex in San Francisco Bay Area

by Amy Works September 23, 2026

SAN RAMON, CALIF. — TruAmerica Multifamily has acquired Bridges at San Ramon, a 200-unit community in San Ramon. With this acquisition, the Los Angeles-based investment firm owns and operates 1,240 units in the San Francisco Bay area. The seller was not disclosed. Bridges at San Ramon offers 200 one- and two-bedroom units averaging 739 square feet. Amenities include a pool and spa, fitness center, resident lounge, courtyard and barbecue area, playground, pet spa, electric vehicle charging stations and garage parking. TruAmerica plans to renovate a majority of the units, installing quartz countertops, stainless steel appliances, wood-style flooring and upgraded fixtures and hardware. The renovation program will build on approximately $2.3 million in exterior and common-area improvements completed by prior ownership over the past five years.

September 23, 2026

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