Multifamily

Interra Realty Arranges $10.7M Sale of Apartment Building in Chicago’s Lincoln Park

by Kristin Harlow July 10, 2025

CHICAGO — Interra Realty has arranged the $10.7 million sale of a 22-unit apartment building located at 811 W. Lill Ave. in Chicago’s Lincoln Park neighborhood. The vintage asset features four one-bedroom, 12 two-bedroom and six three-bedroom units. Floor plans average 1,078 square feet. Constructed in 1901, the property has been recently updated with new finishes as well as in-unit laundry and individual HVAC. Brad Feldman of Interra represented the buyer, a Chicago-based private investor. Joe Smazal of Interra represented the seller, a local private investor and developer.

July 10, 2025

Troy Marek Regions Real Estate Capital Markets quote from article

Content Partner Features Leasing Activity Loans Midwest Multifamily Northeast Regions Real Estate Capital Markets Seniors Housing Southeast Texas Western

Multifamily, Seniors Housing Sectors Remain Positive Real Estate Performers

by Sarah Daniels July 10, 2025

By Troy Marek, Regions Real Estate Capital Markets As we embark on the second half of 2025 amid some economic uncertainty, there are two bright spots within real estate. Both the multifamily and the seniors housing/healthcare sectors boast strong fundamentals and occupancies. RealPage data indicates 138,302 apartment units were absorbed in the first quarter, and NIC MAP data shows a seniors housing occupancy increase to 87.4 percent, or 621,000 occupied units over the same period. This suggests strong demand in both critical housing sectors, at the same time new supply is slowing. Interest Rates Drive Lending Activity Agencies Freddie Mac, Fannie Mae and HUD remain the primary loan providers supporting these two asset classes today. Unsurprisingly, interest rates heavily impact lending activity. Since the Federal Reserve decided to hold rates steady in May, sector experts have been closely watching employment and inflation data, as well as tariff impacts, as all three have the power to influence the Fed to lower rates later this year. With the Federal Reserve deciding to hold rates as-is in June, industry players will continue to keep an eye on the data. Once rates are brought down some, perhaps later this year, multifamily and seniors housing/healthcare …

July 10, 2025

Development Multifamily Texas

ZOM Living, CP Capital Complete 359-Unit Multifamily Project in Round Rock, Texas

by Taylor Williams July 9, 2025

ROUND ROCK, TEXAS — A partnership between Orlando-based ZOM Living and CP Capital has completed Azola Avery Center, a 359-unit multifamily project in the northern Austin suburb of Round Rock. Located within the 1,200-acre Avery Centre master-planned development, the garden-style property offers one-, two- and three-bedroom units that range in size from 573 to 1,564 square feet. Amenities include a pool, outdoor pavilion with grilling stations and TVs, a dog park, fitness center, private coworking offices and a grab-and-go convenience store. JHP designed Azola Avery Center, and Rampart served as the general contractor. Monthly asking rents start at $1,200 for a one-bedroom apartment.

July 9, 2025

Acquisitions Multifamily Texas

IPA Negotiates Sale of 312-Unit Belmond Apartments in Haltom City, Texas

by Taylor Williams July 9, 2025

HALTOM CITY, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Belmond, a 312-unit apartment community located north of Fort Worth in Haltom City. Built on 17 acres in 2001, the property offers one-, two- and three-bedroom units with an average size of 980 square feet. Amenities include a pool, fitness center, playground, dog park, coffee bar, clubhouse, outdoor grilling and dining stations and package lockers. Joey Tumminello, Taylor Hill, Drew Kile, Michael Ware and William Hubbard of IPA represented the seller, Dallas-based Knightvest Capital, in the transaction and procured the buyer, an entity doing business as TwinkleStar Asset LLC.

July 9, 2025

Loans Multifamily New York Northeast

M&T Realty Capital Provides $50M Agency Loan for Refinancing of Manhattan Apartment Building

by Taylor Williams July 9, 2025

NEW YORK CITY — M&T Realty Capital Corp. has provided a $50 million Freddie Mac loan for the refinancing of The Alyn, a 56-unit apartment building in Manhattan’s Carnegie Hill neighborhood. Completed in 2019, The Alyn offers one-, two-, three-, four- and five-bedroom units and amenities such as a lounge, wellness center and a children’s playroom. Robert Barry led the M&T team that provided the fixed-rate loan. The borrower was an affiliate of Gordon Property Group, a New York-based family office that was introduced to M&T through an existing client of Connor Preece, group manager at M&T Bank.

July 9, 2025

Development Mississippi Southeast Student Housing

Greystar, Ole Miss to Develop Two Residence Halls Totaling 2,700 Beds, Dining Facility

by John Nelson July 9, 2025

OXFORD, MISS. — A public-private partnership between Greystar and the University of Mississippi (Ole Miss) is set to break ground on a 2,700-bed residence hall project on the university’s campus in Oxford. The development will span two sites — one formerly occupied by Kincannon Hall and one on West Row across from the Ole Miss School of Law. The Kincannon site will be home to a 1,200-bed community with parking supported by a new parking garage, which is already under construction. The West Row site will include a 1,500-bed development with a modern dining facility and 1,500-space parking garage. The communities will offer suites and semi-suites and will be constructed in partnership with Modern Living Solutions, Greystar’s modular construction business. Sections of the buildings will be made in the Modern Living Solutions factory in Knox, Pa., and shipped to campus to be assembled onsite. To support economic development and job creation in Mississippi, Ole Miss and its partners have emphasized that over 70 percent of the onsite construction work will be available to local and regional subcontractors. The project is scheduled for completion in 2027.

July 9, 2025

Acquisitions California Multifamily Western

Levin Johnston Arranges $18M Sale of Multifamily Portfolio in Santa Clara, California

by Amy Works July 9, 2025

SANTA CLARA, CALIF. — Levin Johnston of Marcus & Millichap has directed the $18 million purchase of a portfolio of three contiguous garden-style multifamily buildings on Bellomy Street in Santa Clara. Located at 1962, 1972 and 1978 Bellomy St., the portfolio offers 59 studio, one-, two-, three- and four-bedroom apartments spread across low-density, two-story buildings. Built in 1951, the buildings feature shared landscaped areas, an outdoor pool and surface parking. The Levin Johnston team procured a local investment group focused on value-add acquisitions as the buyer in the transaction. The name of the seller was not released.

July 9, 2025

Acquisitions Development Midwest Multifamily Ohio

Vision Cos. Acquires 28.5-Acre Multifamily Development Site in Kettering, Ohio

by Kristin Harlow July 9, 2025

KETTERING, OHIO — Vision Cos. has acquired 28.5 acres within the Miami Valley Research Park (MVRP) in Kettering, an inner suburb of Dayton. The property is adjacent to Industrial Commercial Properties’ (ICP) Sixth River office park. As part of the Sixth River overall master plan, Vision plans to build a market-rate multifamily community, the first large multifamily project built in the city since the mid-1980s, according to a release. Known as VC Flats, the project will feature approximately 264 apartment units across nine three-story buildings. Proposed amenities include a clubhouse, fitness center, pool, sand volleyball court, outdoor patio and rooftop deck offering views of the adjacent lake. The project is made possible through collaborative efforts by the city and ICP, which played a role in zoning adjustments and crafting incentive packages to attract a residential developer and operator. MVRP is home to several major employers, including Reynolds & Reynolds, Solvita, Matrix Research, Resonant Sciences, Woolpert, Resonetics and Eastman Kodak. ICP continues to retain ownership of the adjacent Sixth River office park, which includes 290,000 square feet of office space across five buildings. ICP also has additional land sites for further commercial development opportunities within the research park.

July 9, 2025

Acquisitions Illinois Midwest Multifamily Retail

SVN Chicago Commercial Brokers $2.7M Sale of Apartment, Retail Building in Windy City

by Kristin Harlow July 9, 2025

CHICAGO — SVN Chicago Commercial has brokered the $2.7 million sale of a 9,267-square-foot apartment and retail building in Chicago’s Ukrainian Village neighborhood. The fully rehabbed property at 1859 W. Chicago Ave. features six apartment units and one retail tenant, a veterinarian office on the ground floor. Drew Dillon and Scott Maesel of SVN Chicago Commercial represented both the buyer and seller.

July 9, 2025

Conference Coverage Development Features Seniors Housing

Seniors Housing Development Is a Worthwhile Investment Despite Challenges, Say InterFace Panelists

by Hayden Spiess July 8, 2025

CHICAGO — Philip Kroskin, head of real estate and senior vice president of investments with Sunrise Senior Living, has a message for those who are reluctant to invest in seniors housing development: “Why are you being so stupid?” Kroskin’s blunt question came during a recent two-day InterFace event at the Swissotel Chicago. Taking place June 24-25, the InterFace Seniors Housing Midwest conference drew 215 attendees and featured a number of panel sessions. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. Joining Kroskin on stage for a panel titled “When Will Development Rebound?” during the first evening of the conference were Paul Branin, executive vice president of growth for Health Dimensions Group; Mike Mattingly, principal and co-founder of Avenue Development; Greg Markvluwer, vice president of real estate development at Erdman; and moderator Erin Berry, director of interior design Direct Supply Aptura. Development Deterrents Kroskin’s somewhat damning query was not to suggest that economic and logistical difficulties — such as heightened interest rates and labor costs — do not pose a valid deterrent. Panelists acknowledged these challenges throughout the course of session. …

July 8, 2025

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