Multifamily

IPA Negotiates Sale of 201-Unit Apartment Complex Near Downtown Dallas

by Taylor Williams July 6, 2026

DALLAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Sylvan Thirty, a 201-unit apartment complex located just west of downtown Dallas. Built in 2015, Sylvan Thirty offers one-, two- and three-bedroom units and amenities such as a pool, rooftop terrace, game room, business center, fitness center and outdoor grilling and dining stations. Joey Tumminello, Taylor Hill, Michael Ware, Drew Kile and Shelby Vosburg of IPA represented the undisclosed seller in the transaction and procured the buyer, California-based Archway Equities. Brian Eisendrath, Cameron Chalfant, Harry Krieger and Jake Vitta, also with IPA, arranged an undisclosed amount of acquisition financing for the deal through BrightSpire Capital.

July 6, 2026

Acquisitions Georgia Multifamily Southeast

Cushman & Wakefield Brokers $87M Sale of Apartment Community in Augusta

by John Nelson July 6, 2026

AUGUSTA, GA. — Cushman & Wakefield has brokered the $87 million sale of Mason Augusta, a 462-unit apartment community located at 101 Pine Forest Road in Augusta. Taylor Bird, Robert Stickel, Alex Brown, Nelson Abels and Laura Aylor of Cushman & Wakefield’s Sunbelt Multifamily Advisory Group represented the seller, Waypoint Residential, in the transaction. The buyer was Southwood Realty Co. Mason Augusta was developed in two phases in 2022 and 2024 and was 95 percent occupied at the time of sale. The property includes a mix of one-, two- and three-bedroom apartments ranging in size from 685 to 1,321 square feet, as well as a fitness center with yoga and spin studio, resort-style pools with sundecks and tanning ledges, clubhouse with e-lounge and coffee bar, game room, business center and a dining and lounge terrace with outdoor fireplace. Other amenities at Mason Augusta include an automated parcel system, dog park and indoor pet spa, garages and outdoor gathering spaces with grilling kitchens and fire pits.

July 6, 2026

Development Georgia Southeast Student Housing

CCI Begins Leasing 740 Techwood Student Housing Development Near Georgia Tech

by John Nelson July 6, 2026

ATLANTA — CCI Real Estate has begun leasing 740 Techwood, a 95-bed student housing development located near the Georgia Tech campus in Atlanta. CCI is developing the property in partnership with the Georgia Baptist Mission Board that will replace an existing Baptist Collegiate Ministries (BCM) building located at 740 Techwood Drive. CCI obtained $18 million in construction financing last year for the project. The 64,000-square-foot development will rise five stories and offer 55 fully furnished units in studio, one- and two-bedroom configurations. Shared amenities will include an onsite coffee shop, study lounges, study areas and an outdoor private courtyard with a fire pit. The development team for the project includes general contractor True North Cos. Completion is expected ahead of Georgia Tech’s 2027-2028 academic year.

July 6, 2026

Loans Maine Multifamily Northeast

JLL Provides $13.5M Agency Refinancing of Apartment Complex in Scarborough, Maine

by Taylor Williams July 6, 2026

SCARBOROUGH, MAINE — JLL has provided a $13.5 million Fannie Mae loan for the refinancing of Carrier Woods, an 84-unit apartment complex in Scarborough, located just south of Portland. Built in 2018, Carrier Woods comprises seven buildings that house 80 market-rate units and four affordable units in one- and two-bedroom floor plans. Amenities include garden plots and a dog park. Henry Schaffer, Mike Shepard, Madeline Joyce and Hunter Cuthbertson of JLL originated the seven-year, fixed-rate loan on behalf of the borrower, Chestnut Realty Management.

July 6, 2026

Acquisitions Multifamily New York Northeast

Marcus & Millichap Brokers $3.8M Sale of Brooklyn Apartment Building

by Taylor Williams July 6, 2026

NEW YORK CITY — Marcus & Millichap has brokered the $3.8 million sale of a 21-unit apartment building in the Crown Heights neighborhood Brooklyn. Constructed in 1900, the five-story building at 665 St. Marks Ave. offers one- and two-bedroom units, 13 of which are subject to rent restrictions. Matt Fotis of Marcus & Millichap represented the seller, a private investor, in the transaction and procured the buyer, an international partnership. Both parties requested anonymity.

July 6, 2026

Development Midwest Missouri Multifamily

Life Time, Midas Hospitality to Open 263-Unit Luxury Apartment Complex in Metro St. Louis

by Kristin Harlow July 6, 2026

RICHMOND HEIGHTS, MO. — Life Time is expanding its presence in the St. Louis market with plans to introduce Life Time Living, its wellness-centered luxury residential concept, through a new partnership with Midas Hospitality. The seven-story development in Richmond Heights will combine upscale residences with Life Time’s signature athletic club. Plans call for 263 apartment units in a mix of studio, one- and two-bedroom layouts. Residents will benefit from direct access to a 110,000-square-foot Life Time athletic club. Amenities will include a 30,000-square-foot rooftop pool and outdoor amenity deck; fitness, training and recovery spaces; dedicated group fitness studios and personal coaching services; and indoor and outdoor gathering spaces. There will also be 6,000 square feet of retail space. The project will be part of the broader Boulevard South mixed-use development along Brentwood Boulevard.

July 6, 2026

Affordable Housing Development Midwest Missouri Multifamily

Milhaus to Build 194-Unit Affordable Housing Project in Kansas City

by Kristin Harlow July 6, 2026

KANSAS CITY, MO. — Milhaus has received approval from the Missouri Housing Development Commission (MHDC) for Low-Income Housing Tax Credits (LIHTC) to advance Linwood & Troost Apartments in Kansas City. The project will convert two vacant lots at 2300 Troost Ave. into an affordable housing development featuring two four-story buildings with 194 units. The project marks the first LIHTC development in Kansas City for Milhaus. Funding for the development includes 4 percent federal tax credits through the MHDC LIHTC program, a tax abatement from Kansas City’s Planned Industrial Expansion Authority and $1.5 million awarded from the Kansas City Housing Trust Fund. All units will serve households at or below 60 percent of the area median income. Construction is expected to begin by the end of 2026, with completion anticipated in 2028. Milhaus is serving as both developer and general contractor.

July 6, 2026

Acquisitions Kansas Loans Midwest Multifamily

Northmarq Arranges $14.3M Acquisition Loan for Kansas Multifamily Property

by Kristin Harlow July 6, 2026

LEAVENWORTH, KAN. — Northmarq has arranged a $14.3 million acquisition loan for Station Lofts, a 148-unit multifamily community in Leavenworth. Daniel Trebil and Logan McCarthy of Northmarq arranged the Freddie Mac loan on behalf of the borrower, Partner Apartments. The 10-year loan features a fixed interest rate. Originally built in 1926, Station Lofts has been repositioned to serve today’s renters. The loft-style units come in one-, two- and three-bedroom layouts.

July 6, 2026

California Loans Multifamily Western

KIRE Group Receives $13.3M Loan for Refinancing of Multifamily Property Near San Diego

by Amy Works July 6, 2026

NATIONAL CITY, CALIF. — KIRE Group has received $13.3 million in refinancing for Talas Apartments, a multifamily property located at 2114 E. 7th St. in National City, approximately five miles southeast of San Diego. Built in 2025, Talas Apartments features 48 studio, one- and two-bedroom units with “modern” finishes, in-unit washers and dryers and private balconies and patios. Aaron Beck and Bryce Quezada of Northmarq’s San Diego Debt + Equity team originated the financing for the borrower through Fannie Mae’s Delegatd Underwriting Services (DUS) platform. The fixed-rate loan is structured with a five-year term with full-term interest-only payments.

July 6, 2026

Acquisitions Multifamily New York Northeast Top Stories

Kennedy Wilson Buys Apartment Community in New York’s Westchester County for $237M

by Taylor Williams July 6, 2026

WEST HARRISON, N.Y. — Kennedy Wilson (NYSE: KW) has purchased Carraway, a 421-unit apartment community in West Harrison, located north of New York City in Westchester County, for $237 million. Kennedy Wilson partnered with Kenedix Inc. and Hulic Co. Ltd. on the acquisition. The seller was not disclosed. Completed in 2021, Carraway houses studio, one- and two-bedroom units, as well as onsite parking. Residences are furnished with stainless steel appliances, marble-style kitchen backsplashes, quartz bathroom and kitchen countertops and in-unit washers and dryers. Select residences offer private balconies. Amenities include a pool, fitness center, resident clubroom, private offices and coworking space, a sports simulator, private dining room, chef’s kitchen, pet spa and a children’s playroom. Carraway also features approximately 6,400 square feet of ground-floor retail space. “Carraway represents a rare opportunity to acquire a high-quality, recently constructed multifamily community in one of the most desirable suburban markets in the New York metropolitan area,” says William McMorrow, chairman and CEO of Kennedy Wilson, which is based in Beverly Hills and maintains about $37 billion in assets under management. — Taylor Williams

July 6, 2026

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