Multifamily

Novare, BCDC Welcome Residents to 271-Unit Apartment Community in Knoxville

by John Nelson April 24, 2026

KNOXVILLE, TENN. — A joint venture between Novare Group and Batson-Cook Development Co. (BCDC) has begun tenant move-ins at Elmstead West Knoxville, a 271-unit apartment community located at 962 Mabry Hood Road in Knoxville. The property features a mix of one-, two- and three-bedroom residences, as well as a resort-style pool, private garages, coworking lounge, fitness center, clubroom, grilling stations, fire pits, a dog park and pet spa. Monthly rental rates at Elmstead West Knoxville start at $1,557, according to the property website. The design-build team includes architect Dynamik Design and general contractor Summit Contracting Group. SouthState Bank provided construction financing to Novare and BCDC.

April 24, 2026

Acquisitions Midwest Missouri Multifamily

BAM Capital Acquires 328-Unit Kinsley Forest Apartments in Kansas City

by Kristin Harlow April 24, 2026

KANSAS CITY, MO. — BAM Capital has acquired Kinsley Forest Apartments, a 328-unit multifamily community in Kansas City. The property marks the second acquisition within the BAM Multifamily Growth Fund V and the third in the BAM Preferred Credit Fund. Built in 2018, Kinsley Forest is situated in the Clay County submarket and is roughly 97 percent occupied. BAM Capital will transition property operations to its vertically integrated platform, BAM Management.

April 24, 2026

Acquisitions Massachusetts Multifamily Northeast

Mesirow Buys 20-Story Apartment Building in East Cambridge, Massachusetts

by Taylor Williams April 24, 2026

EAST CAMBRIDGE, MASS. — Chicago-based financial services firm Mesirow has purchased a 20-story apartment building in East Cambridge, located across the Charles River from Boston. Built in 2015 within the 4.5 million-square-foot Cambridge Crossing mixed-use development, the building is known as Twenty20 and houses 355 units with an average size of 807 square feet, as well as 8,625 square feet of retail space. Residences come in studio, one-, two-, three- and four-bedroom floor plans. Amenities include a rooftop terrace, fitness center, yoga sundeck, a pet wash station, clubroom and a library. Simon Butler, Biria St. John, John McLaughlin and Brian Bowler of CBRE represented the seller, an undisclosed institutional investment firm, in the transaction and procured Mesirow as the buyer.

April 24, 2026

Loans Multifamily New York Northeast

CBRE Arranges $17.2M Acquisition Loan for Two Manhattan Apartment Buildings

by Taylor Williams April 24, 2026

NEW YORK CITY — CBRE has arranged a $17.2 million acquisition loan for two apartment buildings located at 159 and 161 Prince St. in Manhattan’s SoHo neighborhood. Built in the early 1900s, the historic, five-story buildings consist of 37 residential units and two ground-floor retail spaces totaling approximately 20,000 square feet. Shamir Seidman of CBRE arranged the loan through Derby Copeland Capital on behalf of the borrowers, private investors Michael and Ed Ostad.

April 24, 2026

Acquisitions Seniors Housing Southeast Tennessee

NHI Agrees to Sell Skilled Nursing Portfolio to National HealthCare Corp. for $560M

by John Nelson April 23, 2026

MURFREESBORO, TENN. — National Health Investors (NHI) has executed an agreement to sell a seniors housing portfolio to National HealthCare Corp. (NHC) for a total of $560 million. The portfolio includes 32 skilled nursing facilities and three independent living facilities. NHC currently operates the properties on behalf of NHI. In 2025, the portfolio generated cash lease revenue of roughly $39.7 million for NHI. According to NHI, the Murfreesboro-based company expects this move to increase its concentration in the category of private-pay seniors housing. Following the transaction, NHI’s senior housing operating portfolio segment will represent roughly 22 percent of its total investments, with skilled nursing exposure to represent 12.2 percent of total investments. In a statement, NHI also noted that this sale will “eliminate potential conflicts of interest between NHI and NHC.” Closing of the transaction is expected on July 1, subject to customary closing conditions. NHI expects to incur transaction costs between $6 million and $8 million. Blueprint Healthcare Real Estate Advisors is serving as the transaction advisor for NHI. Houlihan Lokey Capital is acting as financial advisor to a special committee of non-interested directors that was appointed to review the sale, and Venable LLP is serving as the committee’s …

April 23, 2026

Development Loans Multifamily New York Northeast

JLL Arranges $130M Construction Loan for Bronx Multifamily Project

by Taylor Williams April 23, 2026

NEW YORK CITY — JLL has arranged a $130 million construction loan for The 360, a 304-unit multifamily project that will be located in the Mott Haven neighborhood of The Bronx. The 360 will be a 13-story building with 228 market-rate and 76 affordable units that will come in studio, one- and two-bedroom floor plans. Amenities will include a rooftop lounge, fitness center with a yoga studio, coworking spaces and 24-hour concierge services, and The 360 will also house 47,892 square feet of retail space that is preleased to Food Bazaar. Lauren Kaufman and Nicco Lupo of JLL arranged the loan through PCCP on behalf of the developer, a partnership between Shorewood Real Estate Group and Bogopa Enterprises. Construction is slated for a 2028 completion.

April 23, 2026

The-Residence-at-Selleck's-Wood-Darien-Connecticut

Acquisitions Connecticut Multifamily Northeast Seniors Housing

Harrison Street Acquires Two Seniors Housing Communities in Southern Connecticut

by Taylor Williams April 23, 2026

DARIEN AND STAMFORD, CONN. — Chicago-based owner-operator Harrison Street has acquired two seniors housing communities totaling 216 units in southern Connecticut. The Residence at Selleck’s Woods in Darien totals 102 independent living, assisted living and memory care units and was completed in 2019. Amenities include a private theater, billiards room, salon, library, activity space and restaurant-style dining rooms. The Residence at Summer Street in Stamford features 104 units of independent living, assisted living and memory care and offers similar amenities. Jay Wagner, Rick Swartz, Aaron Rosenzweig and Jim Dooley of JLL represented the seller, a partnership between LCB Senior Living and Virtus Real Estate Capital, in the transaction.

April 23, 2026

Loans Multifamily New York Northeast Seniors Housing

Lument Provides $58.2M Agency Loan for Refinancing of Rochester Seniors Housing Property

by Taylor Williams April 23, 2026

ROCHESTER, N.Y. — New York City-based Lument has provided a $58.2 million Freddie Mac loan for the refinancing of The Village at Unity and The Hamlet, a 332-unit seniors housing property in Rochester. Built in 1990 and subsequently renovated in 2000, 2012 and 2022, the property consists of 272 independent living units, 40 assisted living units and 20 memory care residences. Tyler Armstrong, Chris Cain and Taylor Russ of Lument originated the financing on behalf of the owner, Wegman Cos. The loan carries a 10-year term with interest-only payments for four years, a fixed interest rate and a 30-year amortization schedule.

April 23, 2026

Acquisitions California Multifamily Western

Nuveen Real Estate Sells 390-Unit San Regis Multifamily Community in Los Angeles

by Amy Works April 23, 2026

LOS ANGELES — Nuveen Real Estate has completed the disposition of San Regis, an apartment property in the Van Nuys neighborhood of Los Angeles. Terms of the transaction were not released. The five-building, gated community offers 390 apartments with breakfast bars and private patios or balconies. Renovated units have stainless steel appliances, quartz countertops, Shaker-style cabinets and updated plumbing and lighting fixtures. Community amenities include two levels of subterranean parking, a Junior Olympic-sized swimming pool, three pickleball courts and a modernized fitness center. Kevin Green, Joseph Grabiec and Gregory Harris of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller in the deal.

April 23, 2026

Development Midwest Missouri Multifamily

HDA Leads Historic Renovation of Liberty Hospital Building in St. Louis

by Kristin Harlow April 23, 2026

ST. LOUIS — HDA is serving as the architect for the historic renovation of 4500 Washington, a four-story building in St. Louis that was originally constructed in the 1920s as Liberty Hospital. The first osteopathic hospital in the city, the building later evolved into a neighborhood hub for youth programs, gatherings and support services. Today, MBG is transforming the property into 31 apartment units, a dedicated community space for veterans and a revitalized neighborhood hub. The building’s history is deeply intertwined with Leo Hardin Sr., a Korean War veteran and longtime pastor of Christ Temple First Church located across the street. Through the leadership of his son, Jeff Hardin, the building is entering a new chapter. The goal is to return the property to its original role, serving as a place of care, belonging and community connection. The dedicated space for veterans will serve as a tribute to Hardin Sr.

April 23, 2026

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