Multifamily

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

Affordable Housing Development Multifamily New York Northeast

Partnership Receives $97M in Financing for Multifamily Adaptive Reuse Project in Harlem

by Taylor Williams May 21, 2026

NEW YORK CITY — A partnership between LDG Group LLC, Infinite Horizons, L+M Development Partners and Urbane Development Group has received $97 million in financing for a multifamily adaptive reuse project in Harlem. Designed by Curtis & Ginsberg Architect, the project involves the conversion of the former Lincoln Correctional Facility into a 105-unit affordable housing complex with units that will be reserved for households earning between 40 and 100 percent of the area median income. The new housing complex will feature amenities such as a community room, children’s playroom, coworking lounge and multiple terraces, as well as 6,000 square feet of retail space. The financing includes a construction loan from M&T Bank and a variety of public-sector subsidies. Demolitions and abatements of existing structures are set to begin in June and to last about 12 months. Full completion is expected in mid-to-late 2029.

May 21, 2026

Development Multifamily New York Northeast

Southern Land Begins Leasing 177-Unit Multifamily Project in White Plains, New York

by Taylor Williams May 21, 2026

WHITE PLAINS, N.Y. — Nashville-based developer Southern Land Co. has begun leasing Juliette, a 177-unit multifamily project located north of New York City in White Plains. Juliette offers studio, one-, two- and three-bedroom units that range in size from 626 to 1,868 square feet. Amenities include a pool, fitness center, clubroom with a demonstration kitchen, coworking lounge, lawn gaming area and outdoor grilling and dining stations. Rents start at $2,640 per month for a studio apartment.

May 21, 2026

Development Multifamily North Carolina Southeast

High Street, Camden Advance Plans for 400-Unit Apartment Development in Durham

by John Nelson May 21, 2026

DURHAM, N.C. — High Street Residential (HSR) has formed a collaboration with Camden Property Trust to advance the development of a 400-unit apartment community along Hopson Road in Durham. HSR, a subsidiary of Trammell Crow Co., had previously guided the project through design, rezoning and site plan approvals before collaborating with Camden, which will now lead the development. Camden expects to break ground on the unnamed development later this summer.

May 21, 2026

Acquisitions Louisiana Multifamily Southeast

IPA Brokers Sale of 157-Unit Apartment Community in Lake Charles, Louisiana

by John Nelson May 21, 2026

LAKE CHARLES, LA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Cottages at Morganfield, a 157-unit multifamily property in Lake Charles. Completed in 2024, the property is situated on 25 acres within the master-planned MorganField development. Will Balthrope and Drew Garza of IPA, along with Chris Shaheen of Marcus & Millichap, represented the seller and procured the buyer, Four Corners Development Group, in the transaction. The seller and sales price were not disclosed. Steve Greer served as Marcus & Millichap’s broker of record in Louisiana for the deal. Cottages at Morganfield features one- or two-bedroom cottage-style apartments averaging 1,057 square feet in size, as well as a swimming pool, clubhouse, fitness center, dog park and a grilling area.

May 21, 2026

Loans Multifamily Texas

Walker & Dunlop Arranges $128.5M Acquisition Loan for Houston Apartment Complex

by Taylor Williams May 20, 2026

HOUSTON — Walker & Dunlop has arranged a $128.5 million acquisition loan for The Arno, a 168-unit apartment complex located in Houston’s River Oaks neighborhood. Information on floor plans and amenities at The Arno was not disclosed. Reimer, Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly and Sean Bastian of Walker & Dunlop originated the financing through Hudson Bay Capital on behalf of the borrower, Sade Real Estate.

May 20, 2026

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