Multifamily

Dwight Capital Provides $54M HUD-Insured Loan for Refinancing of Queens Apartment Building

by Taylor Williams May 22, 2026

NEW YORK CITY — New York City-based Dwight Capital has provided a $54 million HUD-insured loan for the refinancing of The Amara, a 92-unit apartment building located in the Astoria neighborhood of Queens. Completed in 2024, the six-story building houses studio, one-, and two-bedroom units in addition to 13,790 square feet of ground-floor retail space that is leased to Spear Physical Therapy, restaurant The French Workshop, pizzeria Freddy’s Since 1961 and food hall Wonder Astoria. Keith Hoffman and Jack Tawil of Dwight originated the loan through HUD’s 223(f) program on behalf of the locally based borrower, Tsilo Group.

May 22, 2026

Florida Loans Multifamily Southeast

Madison Realty Capital Originates $91.8M Construction Loan for Multifamily Project in South Miami

by Abby Cox May 22, 2026

SOUTH MIAMI, FLA. — Madison Realty Capital has originated a $91.8 million construction loan for the development of Alta Sunset, a 314-unit apartment complex located in South Miami. Henry Bodek of Galaxy Capital arranged the financing on behalf of the borrower, Alta Developers. Situated adjacent to Larkin Community Hospital and Baptist Health South Florida, Alta Sunset will rise 10 stories and feature one- and two-bedroom apartments. Amenities at the property will include a health and wellness club, swimming pool and deck, fitness center, dedicated spa and recovery area, coworking spaces with private offices and a resident lounge, along with 5,444 square feet of ground-floor retail space.

May 22, 2026

Acquisitions Affordable Housing Georgia Seniors Housing Southeast

Dominium Acquires Affordable Seniors Housing Community in Duluth, Georgia, Plans $9.9M Renovation

by Abby Cox May 22, 2026

DULUTH, GA. — Dominium has acquired Sweetwater Terraces, a 165-unit affordable seniors housing community located in Duluth, a northeast suburb of Atlanta. The property was originally developed in 2008 under the Low-Income Housing Tax Credit (LIHTC) program. Dominium has planned a $9.9 million renovation of the property to include updates to roofing, siding and unit interiors, as well as the clubhouse and amenity spaces. The Plymouth, Minn.-based affordable housing developer and investor plans to preserve the affordability status of Sweetwater Terraces during its ownership period. The four-story residential community comprises studio, one-, two- and three-bedroom apartments ranging in size from 496 to 1,158 square feet, according to Apartments.com. Amenities include a community garden, fitness center, salon and shuffleboard courts.

May 22, 2026

Acquisitions Arizona Multifamily Western

Bascom Arizona Ventures Buys Multifamily Community in Tucson for $45.5M

by Amy Works May 22, 2026

TUCSON, ARIZ. — Bascom Arizona Ventures, a subsidiary of Irvine, Calif.-based The Bascom Group, has acquired Domain 3201, an apartment property in Tucson, from an undisclosed seller for $45.5 million, or $157,439 per unit, in an off-market transaction. Arizona-based Bryten Real Estate Partners will manage the asset. BrightSpire Capital Acquisitions provided acquisition financing, which was arranged by Brian Eisendrath, Cameron Chalfant, Ben Margolis and Jesse Zarouk of Institutional Property Advisors (IPA), a division of Marcus & Millichap. Hamid Panahi, Clint Wadlund, Steve Gebing and Cliff David of IPA advised the buyer and seller in the deal. Constructed in two phases in 1985 and 1990, Domain 3201 features 289 one-, two- and three-bedroom floor plans, three swimming pools, two spas, open green spaces, a fitness center, yoga studio, clubhouse, business center and two pickleball courts. The new ownership is planning a capital improvement program to refresh the clubhouse and leasing office spaces, enhance the pool, spa and fitness areas and upgrade residences.

May 22, 2026

Development Midwest Missouri Multifamily Retail

Construction Begins on Second Phase of Luxury Apartment Project in Blue Springs, Missouri

by Kristin Harlow May 22, 2026

BLUE SPRINGS, MO. — A second phase of Blue Springs’ first luxury apartment community, MajorLux Luxury Apartments, is slated to include 123 units and 11,732 square feet of first-floor retail space anchored by Costenio’s Price Chopper. Bill Maas and Daniel Brocato of Block & Co. Inc. Realtors are handling leasing of the retail spaces. According to Block & Co., ideal uses at MajorLux Two include full-service restaurant concepts, Yoga or Pilates studios and service tenants such as dry cleaners, salons and health users. Completion of the project is slated for summer 2027.

May 22, 2026

Development Multifamily Texas

JPI Begins Construction on 277-Unit Multifamily Project in The Colony, Texas

by Taylor Williams May 21, 2026

THE COLONY, TEXAS — JPI has begun construction on Jefferson Grandscape II, a 277-unit multifamily project that will be located north of Dallas in The Colony. Valued at $77.8 million and located within the 433-acre mixed-use development of the same name, Jefferson Grandscape II will be a five-story building with 11 studios, 172 one-bedroom apartments, 86 two-bedroom units and eight three-bedroom residences. Amenities will include a pool, sky lounge and outdoor courtyards with fire pits. QuadReal Property Group is financing construction of the project in conjunction with Nebraska Furniture Mart, which owns Grandscape. The first units are expected to be available for occupancy by early 2028.

May 21, 2026

Acquisitions Multifamily Texas

Eastham Capital Sells 194-Unit Apartment Complex in Southeast Houston

by Taylor Williams May 21, 2026

HOUSTON — Florida-based real estate private equity firm Eastham Capital has sold University Green Apartments, a 194-unit multifamily complex in southeast Houston. The property offers one- and two-bedroom units that range in size from 424 to 988 square feet. Amenities include a pool, fitness center and a dog park. Eastham Capital acquired the asset in 2018 in a joint venture with Mosaic Residential and subsequently implemented capital improvements. The buyer and sales price were not disclosed. University Green Apartments was roughly 97 percent occupied at the time of sale.

May 21, 2026

Loans Multifamily Seniors Housing Texas

CRC Provides $6.1M HUD-Insured Loan for Refinancing of Metro Dallas Memory Care Facility

by Taylor Williams May 21, 2026

KELLER, TEXAS — Cambridge Realty Capital (CRC) has provided a $6.1 million HUD-insured loan for the refinancing of a 50-bed memory care facility in Keller, located north of Fort Worth. Avalon Memory Care Keller is a standalone facility for patients with Alzheimer’s and dementia. Brent Holman-Gomez of CRC originated the financing through HUD’s 223(f) program on behalf of the owner, an undisclosed limited liability company.

May 21, 2026

Acquisitions Illinois Loans Midwest Multifamily

Eastern Union Secures $125.3M Acquisition Loan for Chicago Apartment Property

by Kristin Harlow May 21, 2026

CHICAGO — Eastern Union has arranged a $125.3 million loan for the acquisition of The Pavilion, a 15-story, 1,115-unit apartment property located at 5441 N. East River Road in Chicago. The transaction is believed to be the largest apartment building sale in Chicago on a year-to-date basis, according to Eastern Union. Michael Muller and Mike Orlik of Eastern Union secured the financing. The five-building complex was built between 1968 and 1972. Amenities include a club building, pool, spa, sauna, fitness center and barbecue area. The property was 96 percent occupied at the time of the loan closing. The borrower was Chicago-based R.I.G. Capital, and the seller was Brookfield Asset Management. Stephen York of Arbor Realty Trust originated the agency financing. The sales price was $167 million. The loan featured a 75 percent loan-to-cost ratio, and payments will be based on a 30-year amortization. The transaction represents the first time that the property has traded hands in several decades.

May 21, 2026

Loans Midwest Minnesota Multifamily

Northmarq Provides $13.5M Refinancing for Two Multifamily Properties in Metro Twin Cities

by Kristin Harlow May 21, 2026

MAPLEWOOD, MINN. — Northmarq has provided a $13.5 million Fannie Mae DUS loan for the refinancing of Sherwood Glen and Keller Flats in Maplewood. The two garden-style multifamily properties total 165 units. Built in 1964 and 1966, Sherwood Glen and Keller Flats operate as naturally occurring affordable housing. All units are reserved for residents earning 60 percent or less of the area median income. Since acquiring the assets in 2021, Kentaurus Capital has invested in roof replacements, exterior upgrades, parking lot improvements and common area enhancements. Lucas Goring and Logan McCarthy of Northmarq originated the five-year loan on behalf of Kentaurus.

May 21, 2026

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