Multifamily

The-Junction-Cottages-&-Townhomes-College-Station

Landmark, Stockbridge Buy 801-Bed Student Housing Property in College Station, Texas

by Taylor Williams March 11, 2026

COLLEGE STATION, TEXAS — A partnership between Landmark Properties, a Georgia-based student housing owner-operator, and San Francisco-based investment firm Stockbridge has acquired an 801-bed property in College Station. The Junction Cottages & Townhomes was built on 22 acres in 2016 and offers 186 units across three- and five-bedroom standalone cottages, as well as three-, four- and five-bedroom duplex townhomes. The average unit size is 1,700 square feet. Amenities include a clubhouse with office space, pool with a swim-up bar, outdoor grilling and dining stations, social gaming lounge and a fitness center. CBRE brokered the deal. The seller and sales price were not disclosed.

March 11, 2026

Acquisitions Multifamily Texas

IPA Negotiates Sale of 438-Unit Apartment Community in North Dallas

by Taylor Williams March 11, 2026

DALLAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of IMT Prestonwood, a 438-unit apartment community in North Dallas. Built in 2018 just off the Dallas North Tollway, the property offers one- and two-bedroom units with an average size of 815 square feet. Amenities include two pools with cabanas, a clubhouse, sports lounge and outdoor entertainment spaces. Joey Tumminello, Drew Kile, Michael Ware, Taylor Hill, Shelby Vosburg and Jack Windham of IPA represented the seller, IMT Capital, in the transaction. The team also procured the undisclosed buyer, which has rebranded the property as Windsor Addison Apartments.

March 11, 2026

Loans Multifamily Northeast Pennsylvania

Newmark Arranges $145M Loan for Refinancing of Philadelphia Apartment Building

by Taylor Williams March 11, 2026

PHILADELPHIA — Newmark has arranged a $145 million loan for the refinancing of Josephine, a 255-unit apartment building in Philadelphia. The 27-story building is located at 1620 Sansom St. within the Center City District and includes more than 20,000 square feet of retail and restaurant space across two floors. Units come in studio, one-, two- and three-bedroom floor plans. Amenities include a pool with a bar and lounge area, rooftop terrace, club lounge with games and a demonstration kitchen, a fitness center, spa areas, coworking lounge, coffee bar and outdoor grilling and dining stations. Jordan Roeschlaub, Nick Scribani and Samuel Speciale of Newmark arranged the loan on behalf of the owner, Nashville-based developer Southern Land Co.

March 11, 2026

Acquisitions Affordable Housing California Multifamily Seniors Housing Western

Eagle Partners Buys 551-Unit, Age-Restricted Apartment Portfolio in Escondido, California for $162.5M

by Amy Works March 11, 2026

ESCONDIDO, CALIF. — Eagle Partners has acquired an affordable housing preservation portfolio in Escondido for $162.5 million in an off-market transaction. Totaling 551 units, the portfolio includes The Hendrix Apartments and The Hadley Apartments. The adjacent communities offer one- and two-bedroom residences serving the senior demographic (55+) in North San Diego County. Eagle Partners will implement a long-term affordable preservation strategy while executing a targeted capital improvement program designed to enhance the resident experience. Community amenities include resort-style swimming pools, fitness centers, landscaped common areas, a fenced dog park and covered parking. The buyer partnered with Red Stone Equity Partners, JPMorgan Chase, The California Statewide Communities Development Authority and Affordable Housing Access to execute the transaction.

March 11, 2026

Affordable Housing California Development Multifamily Western

USA Properties Fund Completes 147-Unit Affordable Housing Development in La Mesa, California

by Amy Works March 11, 2026

LA MESA, CALIF. — USA Properties Fund has completed 8181 Allison, an affordable multifamily community in La Mesa’s Downtown Village. Located at 8181 Allison Ave., the five-story development offers 147 one- and two-bedroom units with energy-efficient appliances, ceiling fans, wood-plank flooring and either a balcony or patio. The apartments are designated for households earning 30 percent to 70 percent of the area median income for San Diego County. Community amenities include a community room with a kitchen, fitness center, courtyard with barbecues, a rooftop deck, hot tub, onsite laundry and a dog wash. Additional amenities include a 108-space parking garage with two electric vehicle charging stations, as well as a range of social services for residents, including budget and financial planning to health-related talks from LifeSTEPS. The community was approved for the California Housing Finance Agency (CalHFA)’s Mixed-Income Program. A public-private partnership with the City of La Mesa, CalHFA, WNC Inc. and KeyBank financed the $71.4 million development.

March 11, 2026

Affordable Housing California Development Multifamily Western

Jamboree Opens 32-Unit Larkin Place Affordable Housing Property in Claremont, California

by Amy Works March 11, 2026

CLAREMONT, CALIF. — Jamboree Housing Corp. has opened Larkin Place, an affordable multifamily property in Claremont. Located at 731 Harrison Ave., Larkin Place offers 32 apartments designed to address the critical need for affordable housing for those experiencing chronic homelessness. Residents will have direct access to essential services, including case management, therapy, crisis counseling, peer groups and support coordinators that can connect residents to other resources that will help them rebuild their lives. The four-story Larkin Place features outdoor spaces, including a deck, dog run and barbecue area, along with private offices for supportive services and case management. The community is supported by a 24-hour emergency response team and onsite management staff. Services are provided by Jamboree and Tri-City Mental Health Center. Larkin Place is financed through a mix of public and private entities, including the Los Angeles County Development Authority (LACDA), which provided 32 PBVs sourced from the U.S. Department of Housing and Urban Development and $4.7 million via a permanent loan. Stakeholders of the project include Jamboree, San Gabriel Valley Regional Housing Trust, LACDA, U.S. Bancorp Impact Finance, Century Housing Corp. and Federal Home Loan Bank of San Francisco.

March 11, 2026

Illinois Loans Midwest Multifamily

JLL Arranges $25.2M Refinancing for Boutique Apartment Building in Chicago

by Kristin Harlow March 11, 2026

CHICAGO — JLL Capital Markets has arranged a $25.2 million loan for the refinancing of Chateau on Wells, a 43-unit luxury apartment building in downtown Chicago. The boutique property, built in 2016, features one retail suite and is located at 707 N. Wells St. in the heart of the River North entertainment district. Current occupancy is 95 percent. Units average 1,059 square feet and monthly rents average $4,091. Jesse Wright, Joshua Odessky, Sam Tarter, Miguel Pedersen and Ben Banzhof of JLL represented the borrower, Akara Partners, in arranging the three-year, floating-rate loan through D2 Residential.

March 11, 2026

Loans Multifamily New York Northeast

JLL Provides $125.5M Agency Loan for Refinancing of Brooklyn Apartment Building

by Taylor Williams March 11, 2026

NEW YORK CITY — JLL has provided a $125.5 million Freddie Mac loan for the refinancing of Union Channel, a 224-unit apartment building located in the Gowanus area of Brooklyn. Designed by Fogarty Finger Architecture, the building is the first of four within the Gowanus Wharf development and also houses 22,226 square feet of retail space. Units come in studio, one-, two- and three-bedroom floor plans, with 25 percent of residences reserved as affordable housing. Amenities include a rooftop pool and sundeck, fitness center with a yoga studio and a coworking lounge. Christopher Peck, Peter Rotchford, Nicco Lupo and Michael Shmuely of JLL originated the seven-year, fixed-rate loan on behalf of the borrower, a partnership between Charney Cos., Tavros and Canyon Partners Real Estate.

March 11, 2026

Acquisitions Development Illinois Midwest Multifamily

SVN Chicago Commercial Brokers $3.7M Sale of Multifamily Development Site in Hoffman Estates

by Kristin Harlow March 11, 2026

HOFFMAN ESTATES, ILL. — SVN Chicago Commercial has brokered the $3.7 million sale of a 7.2-acre development site at 2350 W. Higgins Road in Hoffman Estates. The property, located adjacent to a 101,769-square-foot shopping center, is slated for the construction of approximately 300 luxury apartment units. Wayne Caplan and Al Lindeman of SVN Chicago Commercial represented the sellers, Dutch-based Depa Holding Co. and its U.S. partner Caruso Development. An entity of Chicago-based Synergy Construction Group was the buyer. Originally zoned for commercial use, the site is the former home of a Kmart store and a Menard’s store. In addition to rezoning to accommodate residential use, the Village of Hoffman Estates also approved a new residential-oriented redevelopment and tax-increment financing (TIF) agreement. The village restructured a previous TIF agreement with the adjacent properties owned by the sellers.

March 11, 2026

Loans Multifamily New Jersey New York Northeast Seniors Housing

Partnership Receives $48M Loan for Refinancing of Tri-State Seniors Housing Communities

by Taylor Williams March 11, 2026

NEW CITY, N.Y. AND WASHINGTON TOWNSHIP, N.J. — A partnership between Bain Capital Real Estate and Capitol Seniors Housing has received a $48 million loan for the refinancing of two seniors housing communities in the Tri-State area. The communities include The Chelsea at New City, located about 40 miles north of New York City, and The Chelsea at Washington Township, about 75 miles west of New York City. The properties were built in 2021 and 2023, respectively, and both offer memory care and assisted living services, as well as various onsite amenities. JLL arranged the three-year, floating-rate loan through an undisclosed regional bank on behalf of the partnership.

March 11, 2026

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