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Multifamily

Maple-Terrace-Residences_Dallas
AcquisitionsMultifamilyTexas

Broe Real Estate Group Acquires 22-Story Apartment Tower in Uptown Dallas

by Hayden Spiess

DALLAS — Broe Real Estate Group has acquired Maple Terrace Residences, a 22-story, 345-unit apartment tower in Uptown Dallas. A partnership between Houston-based Hines, Mitsui Fudosan American and McNair Interests developed the building, which opened in 2024. Maple Terrace Residences is part of a larger mixed-use development that is an adaptive reuse project of historic buildings along Maple Avenue. Units come in studio, one-, and two-bedroom floor plans and include penthouse offerings. Amenities include a pool, library and lounge, fitness center, clubroom with a kitchen, media and gaming lounge, a secret garden, dog park and concierge services. JLL brokered the sale of the property. The sales price was not disclosed.

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LoansMultifamilyNew YorkNortheast

JLL Arranges $104M Loan for Refinancing for Manhattan Multifamily Portfolio

by Taylor Williams

NEW YORK CITY — JLL has arranged a $104 million loan for the refinancing of a portfolio of two multifamily properties totaling 233 units in Manhattan. The portfolio comprises Renoir House, a 151-unit building located at 225 E. 63rd St. on the Upper East Side, and an 82-unit building located at 120-125 Riverside Drive on the Upper West Side. The buildings were originally constructed in 1962 and 1904, respectively. Scott Aiese, Lauren Kaufman, Hall Oster and Alex Staikos of JLL arranged the financing through Citi on behalf of the owner, AYA New York. The portfolio was roughly 97 percent occupied at the time of the loan closing.

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AcquisitionsFloridaMultifamilySoutheast

JLL Brokers Sale of 330-Unit Apartment Community in Wildwood, Florida

by John Nelson

WILDWOOD, FLA. — JLL has brokered the sale of The Juliette, a 330-unit multifamily community located at 6629 Dan Diciolla Drive in Wildwood. The buyer, Centennial Holding Co. LLC, purchased the property from an undisclosed seller. Cliff Taylor, Joe Ayers, Kyle Butler and Ted Taylor of JLL represented the seller and procured the buyer in the transaction. Additionally, Melissa Quinn and Matt Kafka, also with JLL, originated a seven-year Freddie Mac acquisition loan for Centennial Holding. The sales price and loan amount were not disclosed. Built in 2024, The Juliette sits on 21.8 acres near The Villages master-planned community in Central Florida and was 96 percent occupied at the time of sale. The property comprises 288 apartments and 42 townhomes averaging 971 square feet in size. Outdoor amenities include a pool, pavilion with a cabana, golf cart parking, dog park, community garden, lakeside nature trail with direct access to Millennium Park and an outdoor game area featuring bocce ball, cornhole, billiards, foosball and table tennis. Indoor amenities include a fitness center and a business center with flexible office spaces available for daily or monthly rental.

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Vandal-Village-Moscow-ID
DevelopmentIdahoMultifamilyStudent HousingWestern

Gilbane, Rocky Mountain Cos. and University of Idaho Complete 451-Bed Student, Family Housing Development

by Amy Works

MOSCOW, IDAHO — A partnership between Gilbane Development Co., Rocky Mountain Cos. and the University of Idaho has completed Vandal Village, a 451-bed development for graduate students and students with families on the institution’s campus in Moscow. Located at 1010 Deakin Ave., the 200,000-square-foot community offers 240 fully furnished units in two- through four-bedroom configurations. Of the property’s 451 beds, 232 are designated for graduate students and 219 for married and parenting students. The community also offers shared amenity spaces for studying, collaboration and social engagement. The development team for the project included Lydig, Integrus and Design Collective. The project is part of a larger $135 million renovation and redevelopment of South Hill and Elmwood Apartments, the Wallace Residential Center and the Theophilus Residence Building on the University of Idaho campus.

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Murano-Senior-Living-Seattle-WA
LoansMultifamilySeniors HousingWashingtonWestern

Columbia Pacific Advisors Receives $130M Refinancing for Murano Senior Living Property in Seattle

by Amy Works

SEATTLE — Columbia Pacific Advisors has received a $130 million loan for the refinancing of Murano Senior Living, a seniors housing community located in Seattle. The borrower developed the property, which opened in 2019. Chris Cain, Tyler Armstrong and Taylor Russ of Lument arranged the financing on behalf of the borrower. Murano Senior Living features 243 units, with 215 independent and assisted living units and 28 memory care units. Amenities at the property include wellness suites, an art studio and an outdoor terrace. Merrill Gardens operates the community on behalf of the owner. Occupancy at the property surpassed 90 percent in October. Alternative investment management firm Columbia Pacific Advisors has executed more than $10 billion in seniors housing-related transactions since 2006. 

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Coventry-House-Othello-WA
AcquisitionsMultifamilySeniors HousingWashingtonWestern

Marcus & Millichap Brokers Sale of 64-Unit Seniors Housing Community in Washington

by Amy Works

OTHELLO, WASH. — Marcus & Millichap has brokered the sale of Coventry House, a 64-unit seniors housing community located in Othello in southeastern Washington. A Washington-based owner and operator with a portfolio of more than 10 senior living communities in the state purchased the property for an undisclosed price. Michael Mooney, Nick Stahler, Chad Mundy and Joel Deis of Marcus & Millichap brokered the transaction on behalf of the seller, an owner and operator preparing for retirement. The 50,456-square-foot community features 48 assisted living and 16 independent living units. Amenities at the property, which was built in 2003, include landscaped courtyards, walking paths and dining and activity areas.  

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AcquisitionsIllinoisMidwestMultifamilySeniors Housing

JLL Arranges $212.5M Sale of Senior Living Community in Lincolnwood, Illinois

by Kristin Harlow

LINCOLNWOOD, ILL. — JLL Capital Markets has arranged the $212.5 million sale and financing of The Carrington at Lincolnwood, a 383-unit senior living community in Lincolnwood. JLL’s national seniors housing capital markets team represented the seller, a partnership of LAMB Properties, Harbert South Bay Partners and its capital partners. Senior Resource Group (SRG) and Nuveen Real Estate purchased the property. JLL arranged a five-year acquisition loan through a national bank on behalf of the buyers. The transaction represents one of the largest single-asset senior living sales nationally in 2026 and marks SRG’s entry into the Chicago market, according to JLL. SRG will assume management responsibilities from Momentum Senior Living. Built in 2018, The Carrington at Lincolnwood features two interconnected four-story buildings with 251 independent living units, 88 assisted living units and 44 secured memory care units. Amenities include an indoor pool, movie theater, wellness gym, sports bar, game room with billiards, a salon, café and bistro, libraries with computer stations, a creative arts studio, worship areas, indoor garage parking and a dog park.  

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AcquisitionsMidwestMultifamilyWisconsin

Cushman & Wakefield Brokers $44M Sale of Multifamily Property in Sheboygan, Wisconsin

by Kristin Harlow

SHEBOYGAN, WIS. — Cushman & Wakefield has brokered the $44 million sale of The Corridor, a 240-unit multifamily property in Sheboygan, about 55 miles north of Milwaukee. Chicago-based Midloch Investment Partners sold the asset to Axiom Properties. The community was approximately 97 percent occupied at the time of sale. Brad Smith, Jack Maloney and Ralph Depasquale of Cushman & Wakefield’s multifamily advisory group represented the seller in the transaction, which attracted 25 offers from institutional, national, regional and private buyers. The sale also includes an in-place tax-increment financing agreement that reimburses 65 percent of the incremental property tax through 2028 and enhances cash flow for the owner. Completed in 2021 on 13.4 acres, The Corridor features one-, two- and three-bedroom residences across three buildings. Amenities include a fitness center, resident lounge, community room, dog park, outdoor gathering space, playground and parking. The apartments feature granite countertops, stainless steel appliances, luxury vinyl plank flooring, in-unit washers and dryers and select private balconies.

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IllinoisMarket ReportsMidwestMidwest Market ReportsMultifamily

Downtown Chicago Is a Multifamily Growth Story

by Kristin Harlow

By Matthew Wurtzebach, Draper and Kramer Inc. Investors who only read national headlines about Chicago are missing an important reality that local players know and national players have rediscovered: Downtown Chicago and its adjacent submarkets are one of the strongest growth stories in multifamily. Enduring strengths Chicago has long been known for its enduring, generational strengths. It is the nation’s transportation and logistics juggernaut, with six of the country’s seven Class I railroads, a convergence of interstate highways that provide truly national connectivity, and O’Hare International Airport, which World Business Chicago ranks as the nation’s No. 1 port by trade value, handling $423 billion in goods each year.  Chicago ranks second in the country for Fortune 500 headquarters (30), produces more than 150,000 college graduates annually, is home to world-class academic and research institutions, and boasts 21 Michelin-starred restaurants. Given all this, it should come as little to no surprise that Chicago has ranked No. 1 for corporate expansion and relocation for 13 consecutive years per Site Selection magazine and has been named Condé Nast Traveler’s best big city in the U.S. for a decade. Growth story These characteristics have continued to attract and retain educated, high-earning talent with a …

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The-Travis-Austin
DevelopmentMultifamilyTexasTop Stories

Genesis Real Estate Completes 54-Story Apartment Tower in Downtown Austin

by Taylor Williams

AUSTIN, TEXAS — Genesis Real Estate Group has completed The Travis, a 54-story apartment tower located at 80 Red River St. in downtown Austin’s Rainey Street district. Designed by KTGY, The Travis features 423 apartments in studio, one-, two- and three-bedroom floor plans and includes penthouse offerings. Residences are furnished with quartz surfaces, floor-to-ceiling windows, chef-inspired kitchens and individual washers and dryers, with private balconies/patios available in select residences. Rents start at roughly $3,000 per month for a studio apartment. Amenities include a pool, fitness center, coworking lounge, game room, podcast studio, a dog spa and direct access to Lady Bird Lake. The building also houses a 550-space parking garage. Austin-American Statesman reports that Desnudo Coffee will open its fifth location at The Travis. Founded in 1987, Richardson, Texas-based Genesis Real Estate Group is a national multifamily development firm whose principals have more than 100 years of real estate experience and have developed over $750 million in projects. — Taylor Williams

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