Multifamily

Nasser Freres Receives $375M Construction Loan for Jersey City Apartment Tower

by Taylor Williams June 23, 2026

NEW YORK CITY — Developer Nasser Freres has received a $375 million construction loan for JFK Boulevard, an 840-unit apartment tower that will be located in the Journal Square area of Jersey City. The building will offer studio, one-, two- and three-bedroom units, 10 percent of which will be designated as affordable housing. Amenities will include a spa, fitness center, multi-sport court, coworking and library lounges, game and screening rooms, an outdoor pool with sun decks, dog run, pet spa and a rooftop lounge. In addition, JFK Boulevard will feature 50,000 square feet of retail space that will be anchored by an organic grocer. Keith Kurland, Aaron Appel, Adam Schwartz, Jonathan Schwartz, Dustin Stolly, Sean Reimer, Jordan Casella, Christopher de Raet and Jack Krentzman of Walker & Dunlop arranged the floating-rate, interest-only loan through Madison Realty Capital. Completion is slated for early 2029.

June 23, 2026

Acquisitions Arizona Multifamily Western

Alliance Residential Divests of 258-Unit Multifamily Property in Phoenix

by Amy Works June 23, 2026

PHOENIX — Scottsdale, Ariz.-based Alliance Residential has sold Broadstone Seventh Street, a 258-unit multifamily property in north central Phoenix, to a leading global investor for an undisclosed price. Asher Gunter, Matt Pesch and Austin Groen of CBRE represented the seller in the transaction. Completed in 2024, Broadstone Seventh Street features studio, one- and two-bedroom floor plans with 9- and 10-foot ceilings, wood-style flooring, in-unit washers and dryers, quartz countertops, illuminated vanity mirrors and SmartRent Home technology. Community amenities include a residential clubhouse with an kitchen and billiards, a two-story fitness center, a resort-style pool and spa with private cabanas, barbecue grills and an outdoor ramada.

June 23, 2026

Acquisitions Multifamily Washington Western

Jackson Square Sells 108-Unit Apartment Complex in Everett, Washington for $24.5M

by Amy Works June 23, 2026

EVERETT, WASH. — Jackson Square Properties has sold Latitude, a 108-unit multifamily property in Everett’s Lake Stickney neighborhood, to Bridge Housing for approximately $25.4 million. Developed in 1986 on 4 acres, the property features one- and two-bedroom apartments spread across six residential buildings and a standalone clubhouse. Community amenities include a courtyard with a barbecue area and firepit, fitness center and a fenced-in dog park. Giovanni Napoli, Philip Assouad, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors, a division of Marcus & Millichap, represented the San Francisco-based seller and procured the buyer, also based in San Francisco.

June 23, 2026

Development Georgia Multifamily Southeast

Brook Farm, Manor Park to Develop 336-Unit Multifamily Community in Savannah

by Abby Cox June 22, 2026

SAVANNAH, GA. — Brook Farm Group and Manor Park Ventures will co-develop 675 Morgan, a 336-unit multifamily community located in the Savannah Highlands neighborhood. Upon completion, the project will feature 11 three-story buildings with one-, two- and three-bedroom floorplans. Amenities will include a resort-style swimming pool, clubhouse, 24-hour fitness center, walking trails, pickleball courts and a golf simulator. Ameris Bank, one of Brook Farm Group’s preferred lenders, provided construction financing for this transaction. The project team includes general contractor Summit Contracting Group.

June 22, 2026

Development Georgia Loans Multifamily Southeast

Trilogy Investment Receives Construction Loan for 122-Unit Townhome Development in Emerson, Georgia

by Abby Cox June 22, 2026

EMERSON, GA. — Trilogy Investment Co. has received a construction loan for the development of REV3 at Stars Way, a 122-unit build-to-rent (BTR) townhome community in Emerson, a city near the north Atlanta suburb of Cartersville. REV3 Homes, a division of Trilogy Investment Co., will serve as the general contractor for the project. Vertical construction is set to begin at the end of the month, while the first home deliveries are anticipated for late 2026. REV3 at Stars Way will feature modern townhomes with one-car garages and open-concept floorplans.

June 22, 2026

Loans Multifamily New York Northeast

HKS Real Estate Arranges $37.5M Loan for Refinancing of Midtown Manhattan Apartment Building

by Taylor Williams June 22, 2026

NEW YORK CITY — Locally based intermediary HKS Real Estate Advisors has arranged a $37.5 million loan for the refinancing of 230 East 44th Street, a 164-unit apartment building in Midtown Manhattan. Known as The Centra, the 14-story building offers studio, one-, two- and three-bedroom units, as well as 5,055 square feet of commercial space that was fully leased at the time of the loan closing to six tenants. Ayush Kapahi of HKS arranged the loan on behalf of the owner, Dalan Rentals. Infinity Funds provided the loan.

June 22, 2026

Acquisitions Multifamily Seniors Housing Washington Western

JLL Brokers Sale of 182-Unit Seniors Housing Community Near Seattle

by Amy Works June 22, 2026

LYNNWOOD, WASH. — JLL Capital Markets has brokered the sale of Fairwinds Brighton Court, a 182-unit senior living community located in Lynnwood, roughly 16 miles north of Seattle. Residences at the community, which was built in 1988, include independent living and assisted living units in studio, one- and two-bedroom layouts. Amenities at the 4.4-acre property include a full-service restaurant, bistro, fitness center, salon, library, billiards room and courtyard. Leisure Care will continue to manage the community on behalf of the buyer, a publicly traded REIT. Jay Wagner, Rick Swartz, Aaron Rosenweig, Dan Baker and Dean Ferris of JLL represented the undisclosed seller in the transaction.

June 22, 2026

Georgia Market Reports Multifamily Southeast Southeast Market Reports

Atlanta Multifamily: Liquidity Is Back, And the Supply Squeeze Is Next

by John Nelson June 22, 2026

Twenty-two apartment properties traded in metro Atlanta during the first quarter of 2026 for just over $1 billion, nearly double the $528 million that traded across 15 deals in first-quarter 2025. Our team’s current offerings are seeing tour volume of 30 to 40 prospects, which is up 20 percent from a couple years ago. We are also seeing 20 or more offers per property, and the quality of buyer has greatly improved — capital has stopped waiting for clarity and started competing for product. Liquidity rebounded in the Atlanta apartment market in 2025, and the supply-demand setup heading into 2027 is the reason institutional and private capital is moving now rather than later. Let’s start with the rebound. Across 2025, transaction count rose 31 percent, total dollar volume increased 18 percent and average cap rates tightened roughly 16 basis points. Buyers paid up for better-located, higher-quality assets and stayed disciplined on legacy unit-count metrics. The bid-ask gap that froze 2023 and most of 2024 finally closed, but on terms that rewarded specificity rather than just appetite. Sellers, for their part, have moved into a more pragmatic posture. A meaningful share of 2026 activity reflects fund-life timing decisions — sponsors that …

June 22, 2026

Development Loans Multifamily New York Northeast Office

MRC Provides $480M in Financing for Office-to-Residential Conversion Project in Midtown Manhattan

by Taylor Williams June 19, 2026

NEW YORK CITY — Madison Realty Capital (MRC) has provided $480 million in financing for an office-to-residential conversion project in Midtown Manhattan. The project will convert the 27-story, 523,051-square-foot building at 1740 Broadway, which spans nearly a full city block between 55th and 56th streets, into a 420-unit multifamily building with 238 apartments and 182 condos. The converted building will also feature 60,000 square feet of amenities, including a 22,000-square-foot sporting club, a spa with a lap pool, a concealed speakeasy bar in the building’s original bank vault and dedicated lounge and sun deck spaces for residents. Jason Krane, Russ Schildkraut and Simon Ziff of Ackman-Ziff arranged the financing on behalf of the owner, Yellowstone Real Estate Investments. Completion is slated for the third quarter of 2029.

June 19, 2026

Acquisitions Affordable Housing Development Multifamily New York Northeast

Tredway Buys 168-Unit Affordable Seniors Housing Complex in Peekskill, New York, Plans Rehabilitation

by Taylor Williams June 19, 2026

PEEKSKILL, N.Y. — New York-based owner-operator Tredway has purchased a 168-unit affordable seniors housing complex in Peekskill, about 50 miles north of New York City. The property at 901-907 Main St. houses units that are reserved for renters earning 60 percent or less of the area median income. As a means of preserving affordability, Tredway plans to invest about $4.5 million in capital improvements to the property, including façade repairs, upgrades to building systems and the installation of new in-unit appliances. Tredway also plans to enhance the building’s security systems and introduce new social services. The seller and sales price were not disclosed.

June 19, 2026

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