Multifamily

JPI to Develop $90M Multifamily Project in Northwest Austin

by Taylor Williams August 18, 2026

AUSTIN, TEXAS — Metro Dallas-based JPI will develop Jefferson Pearson Ranch, a $90 million multifamily project in northwest Austin. The site spans 9.3 acres at the northwest corner of Pearson Market Circle and Spectrum Drive within the 156-acre Pearson Ranch master-planned development. Designed by The Preston Partnership, Jefferson Pearson Ranch will consist of four buildings that will house 25 studios, 211 one-bedroom units, 90 two-bedroom apartments and 16 three-bedroom residences for a total of 342 units. Amenities will include a pool, fitness center, resident lounge, outdoor grilling and dining stations, a dog park and coworking space. Construction is set to begin in the coming days, with completion anticipated in 2028.

August 18, 2026

Alabama Development Multifamily Southeast

Thompson Thrift to Develop 300-Unit Apartment Community in Chelsea, Alabama

by John Nelson August 18, 2026

CHELSEA, ALA. — Thompson Thrift plans to develop Rivet, a 300-unit apartment community in Chelsea, a suburb of Birmingham in Shelby County. The Indianapolis-based developer is capitalizing the project with equity from Thompson Thrift 2025 Multifamily Development LP. Situated on nearly 29 acres along the U.S. Highway 280 corridor, Rivet will offer a mix of one-, two- and three-bedroom apartments. Amenities will include a resort-style heated swimming pool, 24-hour fitness center, pickleball court, community grilling areas and fire pit, social hub with billiards and shuffleboard, dog park and pet spa, business center with conference rooms and an Amazon package hub. Thompson Thrift plans to deliver Rivet in late 2027.

August 18, 2026

Acquisitions District of Columbia Southeast Student Housing

HH Group Acquires 212-Bed Student Housing Property Near George Washington University

by John Nelson August 18, 2026

WASHINGTON, D.C. — HH Group has acquired Varsity on K, a 212-bed student housing development located near the George Washington University campus in Washington, D.C.’s West End neighborhood. The community offers 197 fully furnished units in studio through three-bedroom configurations. Shared amenities include a fitness center, resident lounge, demonstration kitchen, business center, game lounge, package lockers, private study and meeting rooms and an outdoor courtyard with dining areas, grilling stations and a fire pit. The seller and terms of the transaction were not released. The new ownership plans to begin a comprehensive repositioning program at the property, to include rebranding the community as Haven on K; refreshed common areas; the addition of expanded amenity offerings; and common area, security and building system upgrades. The community will be managed by HH Red Stone, the company’s vertically integrated property management arm.

August 18, 2026

Development Multifamily New York Northeast

Fetner Properties Completes Renovation of 127-Unit Apartment Complex in The Bronx

by Taylor Williams August 18, 2026

NEW YORK CITY — Locally based owner-operator Fetner Properties has completed the renovation of The Arbor, a 127-unit apartment complex in The Bronx. The Arbor, which was originally constructed in 2006 in the borough’s Riverdale neighborhood, consists of two nine-story buildings that house one-, two-, three- and four-bedroom units. Post-renovation, residences feature stainless steel appliances and in-unit washers and dryers, as well as new kitchen counters, cabinets, backsplashes and fixtures. Fetner also reimagined the building’s lobby and upgraded amenity spaces, which include a fitness center, resident lounge, children’s playroom and a courtyard.

August 18, 2026

Development Loans Multifamily New Jersey Northeast

Drew Capital Arranges $16.2M Construction Loan for Newark Multifamily Project

by Taylor Williams August 18, 2026

NEWARK, N.J. — Drew Capital, a New Jersey-based mortgage banking firm, has arranged a $16.2 million construction loan for Central Pointe, a 77-unit multifamily project that will be located in Newark’s University Heights neighborhood. Designed by INOA Architecture, Central Pointe will have six studios, 29 one-bedroom units and 42 two-bedroom residences, with 16 apartments designated as affordable housing. Amenities will include a fitness center, coworking lounge, communal spaces and a rooftop garden. Trevian Capital provided the loan to the developer, Newark-based Giga Holdings, which expects to complete the project next summer. Akiva Drew led the debt placement effort for Drew Capital

August 18, 2026

Acquisitions California Multifamily Western

Bell Partners Acquires Multifamily Community in South San Francisco for $130M

by Amy Works August 18, 2026

SOUTH SAN FRANCISCO, CALIF. — Greensboro, N.C.-based Bell Partners has acquired Bell South City West, a 195-unit multifamily community in South San Francisco. According to the San Francisco Business Times, the sales price was $130 million. Sares Regis Group of Northern California and an institutional equity partner sold the property, which was formerly known as Celeste. Berkadia represented the seller in the transaction.

August 18, 2026

Acquisitions Illinois Midwest Multifamily

Interra Realty Brokers $6M Sale of Apartment Building in Chicago’s West Rogers Park

by Kristin Harlow August 18, 2026

CHICAGO — Interra Realty has brokered the $6 million sale of 6500 N. Claremont Ave., a 32-unit apartment building in Chicago’s West Rogers Park neighborhood. Joe Smazal and Mark Dykstra of Interra represented the buyer, Claremont JV LLC, led by Ron Abrams of Silver Property Group. Smazal and Dykstra also represented the seller, a local private investor. The deal represented the highest multifamily sales price in West Rogers Park in the past three years, according to CoStar data. Originally constructed in 1929 and last renovated approximately 15 years ago, the building includes four one-bedroom and 28 two-bedroom layouts.

August 18, 2026

Acquisitions Multifamily Texas

Haven Housing Acquires 264-Unit Apartment Complex in Pflugerville, Texas

by Taylor Williams August 17, 2026

PFLUGERVILLE, TEXAS — California-based investment firm Haven Housing has acquired Wells Park Apartments, a 264-unit multifamily complex in the northern Austin suburb of Pflugerville. Built in 2018, the property offers one-, two- and three-bedroom units and amenities such as a pool, fitness center, resident clubhouse, business center and outdoor gathering spaces. Kevin Dufour, Matt Pohl, Spencer Roy and Forrest Bass of Walker & Dunlop represented Haven Housing in the transaction. The seller and sales price were not disclosed.

August 17, 2026

Development Multifamily New Jersey Northeast

Garden Communities Begins Leasing 211-Unit Apartment Complex in Roseland, New Jersey

by Taylor Williams August 17, 2026

ROSELAND, N.J. — Local owner-operator Garden Communities has begun leasing a 211-unit apartment complex in the Northern New Jersey community of Roseland. Gardens at Roseland offers single-level and duplex apartments that come in one- and two-bedroom floor plans. Amenities include a pool, fitness center, an entertainment room, fireside lounge and private workspaces, sports court, playground and outdoor grilling and dining stations. Rents start at roughly $2,700 per month for a one-bedroom unit.

August 17, 2026

Affordable Housing Development Georgia Southeast

Capstone Completes Construction of 201-Unit Affordable Housing Development in Atlanta

by Abby Cox August 17, 2026

ATLANTA — Capstone Building Corp. has completed the construction of Herndon Square Phase II, a $57 million affordable housing development located in Atlanta’s Westside neighborhood. The second phase of Herndon Square, which serves as a key component of the larger Legacy at Herndon Square redevelopment, rises six stories and spans 335,348 square feet. The building features 201 apartments in one-, two- and three-bedroom floorplans. Amenities include a resident lounge, fitness center, interior courtyard, playground, wellness clinic, enclosed parking deck, dog wash station and outdoor grilling and picnic areas. Along with Birmingham, Ala.-based general contractor Capstone Building Corp., the project team comprises Atlanta Housing, Hunt and Pennrose (developers), as well as Thriven Design (architect).

August 17, 2026

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