Multifamily

Sueba USA Completes 353-Unit Apartment Community in Katy, Texas

by Taylor Williams June 29, 2026

KATY, TEXAS — Local developer Sueba USA has completed Boardwalk Square, a 353-unit apartment community located west of Houston in Katy. The midrise building features 20 open-concept floor plans including studio, one-, two- and three-bedroom layouts. Units range in size from 496 to 2,088 square feet and feature quartz countertops, stainless steel appliances, full-size washers and dryers and walk-in closets. Amenities include a CrossFit-inspired athletic club, recovery room with dry sauna and cold plunge, pool with tanning ledges and poolside cabanas, pet spa, catering kitchen and a coffee bar. Rents start at $1,265 per month for a studio apartment. Construction began in spring 2024.

June 29, 2026

Acquisitions Arizona Multifamily Western

Tides Equites Sells Apartment Complex in Phoenix for $41M

by Amy Works June 29, 2026

PHOENIX — Tides Equities has sold Tides on McDowell, a multifamily community located at 4620 W. McDowell Road in Phoenix, to Houston-based Nitya Capital for $41 million. Jesse Hudson, Logan Baca and Chris Michl of Northmarq’s Phoenix office represented the Los Angeles-based seller. Built in 1985 on 13 acres, Tides on McDowell features 27 two-story buildings with studio, one- and two-bedroom floor plans. The property features a mix of renovated, partially upgraded and original-condition units. Amenities include a pool, soccer field, playground, leasing office, fitness center, outdoor grilling area, clubhouse, laundry facilities and gated access.

June 29, 2026

Acquisitions Arizona Multifamily Western

Rise48 Equity Acquires 108-Unit Multifamily Property in North Phoenix

by Amy Works June 29, 2026

PHOENIX — Rise48 Equity has acquired a 108-unit multifamily property located at 17840 N. Black Canyon Highway in North Phoenix. The company will rebrand the asset as Rise at the Northern. Terms of the transaction were not released. Rise48 plans to implement a light value-add renovation strategy to the property, which was originally built in 1983. The improvement program includes the implementation of a bulk cable program, valet trash service, installation of carport parking and operational efficiencies across property management. The initiatives are projected to increase rents by approximately $89 per unit though a combined amenity free, while maintaining affordability relative to the surrounding market, according to Rise48.

June 29, 2026

Arizona Development Multifamily Western

NexMetro Opens 108-Unit Avilla Foothills BTR Project in Metro Phoenix

by Amy Works June 29, 2026

SURPRISE, ARIZ. — NexMetro Communities has opened Avilla Foothills, a build-to-rent (BTR) development in Surprise, about 28 miles northwest of Phoenix. Avilla Foothills features 108 single-level homes, some with optional garages. Community amenities include a resort-style pool and hot tub, outdoor kitchen and grills, landscaped open spaces, covered parking, 24-hour maintenance team and pet parks.

June 29, 2026

Affordable Housing Loans Multifamily Washington Western

Great Expectations Receives Construction Financing for 102-Unit Affordable Housing Project Addison in Puyallup, Washington

by Amy Works June 29, 2026

PUYALLUP, WASH. — Great Expectations, a Seattle-based affordable housing developer, has received an undisclosed amount of construction financing for Addison Grove, a 102-unit affordable housing project in Puyallup, 36 miles south of Seattle. According to the Washington State Housing Finance Commission, the project cost is approximately $34.2 million. Great Expectations acquired the site in April, but a construction timeline for the development has not be released. All units will be rent restricted for residents earning between 50 and 80 percent of area median income, guaranteed for 60 years. Addison Grove was financed without tax credits, instead leveraging a subordinate loan from the Washington Family Housing Fund and recycled tax-exempt bonds. The structure preserves affordability by pairing 60-year income restrictions with lower-cost tax-exempt debt and forgivable subordinate capital, reducing the amount of conventional debt the property must support through rent revenue. CBRE and Heritage Bank are permanent lenders.

June 29, 2026

Development Multifamily New Jersey Northeast

Woodmont, Canoe Brook Complete 199-Unit Apartment Complex in Randolph, New Jersey

by Taylor Williams June 29, 2026

RANDOLPH, N.J. — A partnership between Woodmont Properties and Canoe Brook Development has completed WoodBrook at Randolph, a 199-unit apartment complex in Northern New Jersey. The property comprises a four-story mid-rise building with 97 flats and seven buildings with 102 multi-story townhome-style residences. Unit feature one- to three-bedroom floor plans and dual-sink vanities, soaking tubs, full-size washers and dryers, private patios or balconies and keyless entry systems. Amenities include a sports simulator, pool, coworking space, yoga room and a fitness center. Leasing began last August.

June 29, 2026

Acquisitions Massachusetts Multifamily Northeast

Marcus & Millichap Brokers $6.5M Sale of Cambridge Apartment Building

by Taylor Williams June 29, 2026

CAMBRIDGE, MASS. — Marcus & Millichap has brokered the $6.5 million sale of a 10-unit apartment building located across from Harvard University in Cambridge. Originally constructed in 1925, the 13,000-square-foot building at 23-25 Hammond St. offers one-, two- and five-bedroom apartments. Evan Griffith and Tony Pepdjonovic of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

June 29, 2026

Development Florida Southeast Student Housing

Gilbane, CBRE Investment Begin Leasing 703-Bed Student Housing Development Near University of Florida

by John Nelson June 29, 2026

GAINESVILLE, FLA. — Gilbane Development and CBRE Investment Management have begun leasing Zaya, a 703-bed student housing project located at 3600 S.W. 20th Ave. in Gainesville. The property, which broke ground last year, is situated less than one mile from the University of Florida campus and Butler Center, a retail destination featuring three power retail centers: Butler Plaza, Butler North and Butler Town Center. Scheduled for completion in fall 2027, Zaya will offer 352 units with bed-to-bath parity. Shared amenities are set to include three courtyards, study rooms on each floor, a coworking lounge, rooftop resort-style pool, pickleball court, clubhouse, 24-hour fitness center, yoga studio and an indoor sauna.

June 29, 2026

Loans Multifamily Texas

MMCC Arranges $54M HUD-Insured Loan for Refinancing of Metro Houston Apartment Community

by Taylor Williams June 26, 2026

RICHMOND, TEXAS — Marcus & Millichap Capital Corp. (MMCC) has arranged a $54 million HUD-insured loan for the refinancing of Lakeview at Westpark, a 298-unit apartment community in Richmond, located southwest of Houston in Fort Bend County. Built in 2021, Lakeview at Westpark offers one-, two- and three-bedroom units and amenities such as a pool with a tanning deck, fitness center with yoga and spin studios, outdoor kitchen and lounge, resident game room and a dog park. Brandon Brown of MMCC arranged the loan, which carried a fixed interest rate of 5.3 percent and a 35-year amortization schedule, through KeyBank on behalf of the borrower, Texas-based Rockstar Capital.

June 26, 2026

Acquisitions Florida Multifamily Southeast

Waterton Purchases 358-Unit Apartment Community in South Florida for $80.5M

by John Nelson June 26, 2026

PEMBROKE PINES, FLA. — Waterton has purchased The Landings at Pembroke Lakes, a 358-unit, garden-style apartment community located at 10650 Washington St. in Pembroke Pines, a city in South Florida’s Broward County. The Chicago-based owner-operator plans to invest in light capital improvements to the property’s interiors and common areas, including new equipment on its lakefront beaches. The seller and sales price were not disclosed, but South Florida Business Journal reports the property traded at $80.5 million. Walker & Dunlop represented both the buyer and seller in the transaction and also arranged acquisition financing. Built in 1989 around a 45-acre lake, The Landings at Pembroke Lakes is situated on a 27-acre site and offers a mix of one- and two-bedroom apartments. Amenities include a resort-style pool, clubhouse, fitness center, dog park, tennis courts and sand volleyball courts.

June 26, 2026

Newer Posts

Older Posts