Multifamily

Mesa West Capital Provides $42M Acquisition Loan for Northeast Dallas Multifamily Property

by Taylor Williams December 23, 2025

DALLAS — Mesa West Capital has provided a $42 million acquisition loan for Perry Row, a 149-unit multifamily property in northeast Dallas. Built in 2009, Perry Row offers one-, two- and three-bedroom townhome-style units that are furnished with stainless steel appliances, granite countertops, individual washer and dryers, walk-in closets and balconies. Amenities include a pool, fitness center, outdoor kitchen and a business center. Mark Brandenburg of JLL arranged the loan on behalf of the borrower, a joint venture between Knightvest Capital and TPG Angelo Gordon, which will use a portion of the proceeds to fund capital improvements.

December 23, 2025

Loans Multifamily Southeast Tennessee

Cushman & Wakefield Arranges $76M Refinancing for Apartment Community in Murfreesboro, Tennessee

by John Nelson December 23, 2025

MURFREESBORO, TENN. — Cushman & Wakefield has arranged a $76 million loan for the refinancing of Overall Creek Apartments, a 384-unit multifamily community located at 5150 Jack Byrnes Drive in Murfreesboro, about 33 miles southeast of Nashville. John Alascio, Chuck Kohaut and Chris Meloni of Cushman & Wakefield arranged the loan through PCCP on behalf of the borrower, Denholtz, a private investment management firm based in Red Bank, N.J. Built in 2020, Overall Creek was 94 percent occupied at the time of financing. The property offers one-, two- and three-bedroom residences averaging 1,057 square feet in size, as well as a courtyard with a pool and grill stations, fire pits, a dog park, hydro massage room, tanning bed, business center and a fitness center.

December 23, 2025

Acquisitions Louisiana South Carolina Southeast Student Housing

GMH Communities, AEW Capital Buy Two Student Housing Communities Near Clemson University, LSU

by John Nelson December 23, 2025

CLEMSON, S.C. AND BATON ROUGE, LA. — A joint venture between GMH Communities and AEW Capital Management has acquired two student housing communities in Clemson and Baton Rouge. The acquisitions included Dockside at Clemson, a 633-bed student housing property located near the Clemson University campus in South Carolina; and Flatiron, a 293-bed community located near Louisiana State University (LSU) in Baton Rouge. Dockside has been rebranded The Cove at Clemson as part of the acquisition. The property offers units in studio, one-, two-, three- and four-bedroom configurations with bed-to-bath parity. Shared amenities include study rooms and lounges, a coffee bar, fitness center, lakefront boardwalk, game room, dog park and walking paths. Flatiron offers units in studio, one-, four- and five-bedroom configurations with bed-to-bath parity. Shared amenities include a fitness center, computer lab, pool, grilling station, yoga studio, clubhouse, dog park and study rooms. Mike Brady, Jake Wisness, Bill Maloney and Jake Davidson of JLL secured financing for the acquisition. Teddy Leatherman of JLL brokered the acquisition of the properties from seller Fountain Residential. Terms of the transaction were not released.

December 23, 2025

Acquisitions Multifamily South Carolina Southeast

Berkadia Brokers Sale of 240-Unit Apartment Community in Murrells Inlet, South Carolina

by John Nelson December 23, 2025

MURRELLS INLET, S.C. — Berkadia has brokered the sale of Waterleaf at Murrells Inlet, a 240-unit, garden-style apartment community located at 13 Muddy Bay Drive near Myrtle Beach. Caleb Troop, Mark Boyce, Jim Sewell, David Lansbury, Erika Maston, Blake Coffey, Thomas Colaiezzi and Matt Robertson of Berkadia represented the seller, Greenville, S.C.-based Graycliff Capital, in the transaction. North Carolina-based Chaucer Creek Capital purchased Waterleaf at Murrells Inlet for an undisclosed price. Jeremy Lynch and Jake Adoni of Berkadia’s Philadelphia office secured acquisition financing on behalf of the buyer. Built in 2018, the apartment community features one-, two- and three-bedroom apartments ranging in size from 726 to over 1,100 square feet. Amenities include a fitness center with cardio and weightlifting equipment; a clubhouse with a lounge, game room and fireplace; dog park with a wash station; a saltwater swimming pool; an outdoor entertainment area with a firepit; private garages; and a car wash station.

December 23, 2025

Acquisitions Development Hospitality Multifamily New York Northeast

Partnership Buys Midtown Manhattan Hotel for $255M, Plans Affordable Housing Conversion

by Taylor Williams December 23, 2025

NEW YORK CITY — A partnership between local owner-operator Slate Property Group and nonprofit supportive housing developer Breaking Ground has acquired the Stewart Hotel in Midtown Manhattan for $255 million with plans to implement an affordable housing conversion. Slate will develop the project, which will convert the 611-room hotel into a 579-unit apartment complex, and Breaking Ground will own and operate the property upon completion. The 31-story hotel, which is located across from Penn Station and closed in 2022, also features a 100-space underground parking garage, 12,000 square feet of ground-floor retail space and 3,500 square feet of ballroom space. All units will be reserved for low-income households and/or formerly homeless individuals, with rents to range from $1,385 to $1,731 per month. Construction is scheduled to begin late next year. As part of the redevelopment, the project team will replace all major utility and mechanical systems, upgrade lighting and merge adjacent hotel rooms into living spaces as needed. New office space will be constructed for onsite social services, and the building will also have full-time security and maintenance staff.

December 23, 2025

Loans Multifamily New York Northeast

Berkadia Provides $32.4M in Agency Financing for Bronx Apartment Building

by Taylor Williams December 23, 2025

NEW YORK CITY — Berkadia has provided $32.4 million in Freddie Mac financing for The Riverdale Tower, an 89-unit apartment building in The Bronx. The 18-story building was completed in 2024 and offers studio, one- and two-bedroom units that range in size from 400 to 900 square feet, 27 of which are earmarked as affordable housing. Amenities include a fitness center, community room, two patios and a pickleball court. Matt Nihan of Berkadia originated the 10-year, fixed-rate loan, which retires existing construction debt, on behalf of the borrower, Stagg Group. The building was fully occupied at the time of the loan closing.

December 23, 2025

Acquisitions Multifamily Washington Western

Trammell Crow Residential Sells Alexan Access Apartment Complex in Lynnwood, Washington for $142M

by Amy Works December 23, 2025

LYNNWOOD, WASH. — Trammell Crow Residential has completed the disposition of Alexan Access, a multifamily property in Lynnwood, to Bell Partners for $142 million. Located at 2727 Alderwood Mall Blvd., Alexan Access features 383 studio, one-, two- and three-bedroom units across four buildings. Built in 2023, the community offers a pool and spa, sky lounge with rooftop deck, state-of-the-art athletic club with second-level yoga/spin studio, outdoor recreational area featuring a pickleball court and business lounge with work-from-home nooks. David Young, Corey Marx and Chris Ross of JLL represented the seller in the transaction. Charles Halladay, Travis Anderson, Brad Woolard and Seth Heikkila of JLL arranged $83.2 million in acquisition financing for buyer.

December 23, 2025

Development Multifamily Nevada Uncategorized Western

CEDARst Cos. Begins Development of $82M Apartment Community in Las Vegas

by Amy Works December 23, 2025

LAS VEGAS — CEDARst Cos. has broken ground on The Presley, an $82 million ground-up multifamily project in Las Vegas’ Medical District. Designed by Booth Hansen with OS Construction as general contractor, the seven-story, 275,000-square-foot community is slated to open in 2028. The Presley will feature 236 studio, one- and two-bedroom apartments, a fitness center, coworking lounge, golf simulator and a rooftop pool deck. A portion of the residences will be designated as affordable housing. The project is being financed by a $56 million construction loan provided by North River Partners and funds managed by AB CarVal. Berkadia arranged the financing.

December 23, 2025

Colorado Development Multifamily Western

McWhinney, Livmark Break Ground on $71M Multifamily Property in Longmont, Colorado

by Amy Works December 23, 2025

LONGMONT, COLO. — McWhinney and Livmark Communities have broken ground on Mountain Brook Flats, a 200-unit apartment property in Longmont. The $71 million project will feature 10 three-story, 20-unit buildings offering one-, two- and three-bedroom apartments with high-quality finishes, oversized balconies and garage parking. Community amenities will include the Mountain Brook Clubhouse offering a pool with swim lanes, a splash pad, fitness center with yoga studios, outdoor fireplace and seating area, tavern lounge, tennis and pickleball courts and pocket parks that connect the community. Construction started this month, with lease-up slated to commence in 2027. Landmark Construction, a Livmark Communities affiliate company, will serve as the general contractor.

December 23, 2025

Acquisitions Affordable Housing Midwest Minnesota Multifamily

JLL Arranges Sale of 50-Unit Affordable Townhome Community in Northfield, Minnesota

by Kristin Harlow December 23, 2025

NORTHFIELD, MINN. — JLL Capital Markets has arranged the sale and financing for Jefferson Square, a 50-unit HAP townhome community in Northfield, about 45 miles south of Minneapolis. The property sits on 5.2 acres and includes nine residential buildings, three parking structures and one administrative building. Amenities include private garages, a community lounge, picnic space, tot lot and media space. Josh Talberg and Joseph Peris of JLL represented the seller, Dominium Management, and procured the buyer, an investment firm specializing in affordable and workforce housing. The buyer plans to invest capital to refresh the units and common areas in addition to extending the existing affordability restrictions. C.W. Early of JLL led the debt advisory team.

December 23, 2025

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