Multifamily

Berkadia Arranges $47M Loan for Refinancing of North Austin Apartments

by Taylor Williams March 2, 2026

AUSTIN, TEXAS — Berkadia has arranged a $47 million loan for the refinancing of 1900 Parmer, a 364-unit apartment community in North Austin. Developed in 2024, the property offers studio, one- and two-bedroom units that range in size from 458 to 1,270 square feet. Amenities include two pools with cabanas, a fitness center with dedicated spin and yoga studios, a lounge, package lockers and a demonstration kitchen featuring a kegerator and a billiards table. Mitch Sinberg, Scott Wadler, Brad Williamson, Matt Robbins and Patrick Johnson of Berkadia place the loan through MF1 Capital on behalf of the owner, California-based Griffin Capital.

March 2, 2026

Acquisitions Multifamily Student Housing Texas

Landmark Properties Buys 732-Bed Student Housing Property in Lubbock, Texas

by Taylor Williams March 2, 2026

LUBBOCK, TEXAS — Landmark Properties, a Georgia-based student housing owner-operator, has purchased Park East, a 732-bed for students at Texas Tech University in Lubbock. Developed in 2016, the two-building development offers 219 units and amenities such as a coffee bar, resident lounge, fitness center, pool, study rooms, grilling areas, a putting green and bocce ball and sand volleyball courts. CBRE arranged the sale of the property on behalf of the undisclosed seller. TSB Capital Advisors arranged acquisition financing for the deal on behalf of Landmark.

March 2, 2026

Acquisitions California Multifamily Western

Kidder Mathews Arranges $14.7M Sale of Multifamily Property in Downtown Los Angeles

by Amy Works March 2, 2026

LOS ANGELES — Kidder Mathews has brokered the $14.7 million sale of The Judson, a historic multifamily property in downtown Los Angeles. Darin Beebower and Dakoda Iversen of Kidder Mathews represented the undisclosed seller in the deal. The name of the buyer was not released. Located at 424 S. Broadway, The Judson features 60 apartments. Originally constructed in 1906, the property underwent an $11 million gut renovation, adaptive reuse and restoration led by David Lawrence Gray Architects that transformed the obsolete office building into loft-style residences. The renovation included full replacement of all electrical, mechanical and plumbing systems, upgraded seismic retrofitting and the addition of air conditioning, new decks and a rooftop spa and garden.

March 2, 2026

Development Multifamily New York Northeast Office

GFP Receives $191.5M in Financing for Office-to-Residential Conversion Project in Lower Manhattan

by Taylor Williams March 2, 2026

NEW YORK CITY — GFP Real Estate has received $191.5 million in financing for the office-to-residential conversion of 40 Exchange Place, a historic 300,000-square-foot building in Lower Manhattan’s Financial District. Upon completion, the 20-story converted building will include 382 affordable and market-rate apartments, as well as ground-floor retail space. In addition to the loan, the project will be backed by federal and state historic rehabilitation tax credits as well as a 35-year 457-m tax abatement, a New York City incentive designed to support office-to-residential conversions. Jordan Roeschlaub, Chris Kramer and Tim Polglase of Newmark arranged the financing through Derby Lane. A construction timeline was not announced.

March 2, 2026

Illinois Leasing Activity Midwest Multifamily

Bradford Allen Begins Preleasing for 301-Unit Arbor House Apartments in Metro Chicago

by Kristin Harlow March 2, 2026

ARLINGTON HEIGHTS, ILL. — Bradford Allen has begun preleasing for Arbor House, a 301-unit luxury apartment complex in Arlington Heights. First move-ins are scheduled for this spring. Located at 25 E. Algonquin Road, the eight-story community offers studio, one-, two- and three-bedroom layouts, with monthly rents starting at $1,895. Arbor House features 17,500 square feet of indoor and outdoor shared spaces and amenities, including a pool, resident lounge, coworking spaces, a fitness center, concierge and package services, pet-friendly facilities and covered parking. The property also features 26,000 square feet of ground-floor retail space. Arbor House will serve as the anchor development of Bradford Allen’s 18-acre mixed-use district known as Arlington Gateway. The concept includes a full renovation of the former Daily Herald building, now branded as Arlington Med, a 150,000-square-foot wellness center.

March 2, 2026

Acquisitions Illinois Midwest Multifamily

Berkadia Brokers Sale of 296-Unit Multifamily Property in Chicago’s Lakeview Neighborhood

by Kristin Harlow March 2, 2026

CHICAGO — Berkadia has brokered the sale of 3121 N. Sheridan Road, a 296-unit multifamily property in Chicago’s Lakeview neighborhood. A publicly traded corporation sold the asset to a local investment group and Annenberg Investments Ltd. Peak Properties will manage the community, and Cross Street will handle leasing. The property was originally built in 1950 and updated in the early 1990s. The new ownership plans a comprehensive repositioning, including amenity spaces and units. Mike Garbers, Cody Tremper, Dave Fasano, Ross Sanders, Pete Evans and Richard Evans of Berkadia brokered the sale.

March 2, 2026

Acquisitions Loans Maryland Multifamily Southeast

Colliers Arranges $232.7M in Acquisition Financing for 1,225-Unit Multifamily Portfolio in Maryland

by Abby Cox March 2, 2026

SUITLAND and LARGO, MD. — Colliers has arranged 232.7 million in acquisition financing for a three-property multifamily portfolio located in Prince George County. 29th Street Capital and Willton purchased the property for an undisclosed price. Shahin Yazdi and Jonathan Lee of Colliers arranged the five-year, fixed-rate loan on behalf of the buyers. The full-term, interest-only loan features a 70 percent loan-to-purchase price. Loan proceeds reassigned existing tax increment financing (TIF) agreements associated with Allure Apollo and Aspire Apollo. Allure Apollo and Aspire Apollo are adjacent multifamily communities located in Suitland, Md., and operate as a single residential campus totaling 801 units. The properties feature a mix of studio, one-, two- and three-bedroom units with a full suite of tenant amenities. Ascend Apollo, located approximately 10 miles away along I-495 near the Joint Base Andrews military facility in Largo, comprises 424 units with a similar unit mix and similar amenities such as a resort-style swimming pool with a sundeck, clubhouse, business center and fitness center, among others.

March 2, 2026

Acquisitions Multifamily New Jersey Northeast

JRK Property Holdings Acquires 301-Unit Apartment Complex in Hoboken

by Taylor Williams March 2, 2026

HOBOKEN, N.J. — Los Angeles-based investment firm JRK Property Holdings has acquired 77 Park Avenue, a 301-unit apartment complex in Hoboken. Built in 2000, the property offers one-, two- and three-bedroom units that are furnished with stainless steel appliances, granite countertops, hardwood flooring, walk-in closets and private balconies. Amenities include a fitness center, sundeck, outdoor grilling stations and onsite laundry facilities. The seller was Equity Residential, and the property traded as part of a $400 million portfolio deal that was brokered by CBRE.

March 2, 2026

Acquisitions Multifamily Texas

Marcus & Millichap Brokers Sale of 144-Unit Apartment Complex in San Antonio

by Taylor Williams February 27, 2026

SAN ANTONIO — Marcus & Millichap has brokered the sale of The Annex, a 144-unit apartment complex located about five miles southwest of downtown San Antonio. Built in 1969 and recently renovated, The Annex offers studio, one-, two- and three-bedroom units on a 6.6-acre site. Ben Kalter, Drew Garza and Will Balthrope of Marcus & Millichap brokered the sale, and John Brickson of Marcus & Millichap Capital Corp. provided acquisition financing for the deal. The buyer and seller were not disclosed.

February 27, 2026

Acquisitions Affordable Housing Multifamily New York Northeast

Marcus & Millichap Negotiates Sale of 420-Unit Affordable Housing Complex on Long Island

by Taylor Williams February 27, 2026

HEMPSTEAD, N.Y. — Marcus & Millichap has negotiated the sale of Jackson Terrace Apartments, a 420-unit affordable housing complex located in the Long Island community of Hempstead. The six-story building was originally constructed in 1972. Michael Tuccillo of Marcus & Millichap represented the buyer, an affiliate of Hudson Valley Property Group, in the transaction. The seller was self-represented. The new ownership plans to invest about $23 million to upgrade unit interiors, building exteriors and mechanical/utility systems as a means of preserving long-term affordability.

February 27, 2026

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