Saturday, February 7, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Multifamily

FloridaMultifamilySoutheast

Passco Acquires Apartment Community in Florida for $50.3M

by John Nelson

MELBOURNE, FLA. — Passco Cos. has purchased Marisol at Viera, a 282-unit multifamily community located at 2439 Casona Lane in Melbourne, from Pollack Shores Real Estate Group for $50.3 million. The Class A property is situated within Viera, a 22,000-acre master-planned development in Brevard County. Marisol at Viera features two poolside bars and outdoor kitchens, a private club and amenities deck, clubroom and TV lounge, 6,500-square-foot dog park with an outdoor grooming station and electric car charging stations. Ken Delvillar and Jay Ballard of Cushman & Wakefield represented both Passco Cos. and Pollack Shores in the transaction. Chris Black of KeyBank Real Estate Capital arranged acquisition financing through Fannie Mae on behalf of Passco.

Continue Reading
FacebookTwitterLinkedinEmail
heartis-midcities-bedford-tx
MultifamilySeniors HousingTexas

Caddis Breaks Ground for Seniors Housing Community in Bedford, Texas

by Amy Works

BEDFORD, TEXAS — Caddis has broken ground for Heartis MidCities, its newest senior living community in Texas. Located in Bedford, the 178,530-square-foot property will feature 178 independent living, assisted living and memory care units, outdoor walking paths, courtyards, and game and activity rooms. Cameron, Texas-based EBCO is constructing the property, which is slated for completion in winter 2017. Expedition Capital Advisors LLC provided construction financing on behalf of Caddis. Frontier Management will manage the property, and Austin-based Katus LLC is serving as architect for the project. The property is Caddis’ fifth seniors housing community near Dallas/Fort Worth and its 12th in Texas.

Continue Reading
FacebookTwitterLinkedinEmail
MultifamilyTexas

Lowe Enterprises Investors Acquires 208-Unit Apartment Property in Metro San Antonio

by Amy Works

UNIVERSAL CITY, TEXAS — Lowe Enterprises Investors, in a joint venture with an investment client, has acquired Sunrise Canyon, an apartment complex located at 501 Sunrise Canyon Drive in Universal City, for an undisclosed price. Built in 2005, the property offers 208 apartments in one-, two- and three-bedroom layouts. On-site amenities include a clubhouse, resort-style pool, fitness center, business center, outdoor kitchen with grilling area and a dog park. United Apartment Group has been retained to manage the property. CBRE represented the seller, KKR, in the deal. Berkadia provided financing services for the acquisition.

Continue Reading
FacebookTwitterLinkedinEmail
MultifamilyTexas

Atlantic|Pacific, Blue Atlantic Acquire 324-Unit Apartment Community in Houston

by Amy Works

HOUSTON — Atlantic|Pacific Cos., with its co-sponsor fund Blue Atlantic Partners, has acquired Vintage Park Apartments in Houston for an undisclosed price. The property features 324 units in a mix of one- and two-bedroom floor plans, a swimming pool with splash pad, fire pit, picnic areas with barbecue pits, a business center, 18-seat media room, fitness center, children’s playground, covered parking and an outdoor seating area with a fireplace. Atlantic|Pacific Management will handle property management responsibilities for the property. The name of the seller was not released.

Continue Reading
FacebookTwitterLinkedinEmail
neponset-landing-quincy-ma
MassachusettsMultifamilyNortheast

Gerding Edlen Acquires 280-Unit Apartment Community in Quincy, Massachusetts, for $89.5M

by Amy Works

QUINCY, MASS. — An affiliate of Portland, Ore.-based Gerding Edlen has acquired Neponset Landing, a high-rise apartment community located in Quincy. Northwestern Mutual Real Estate sold the 280-unit property for $89.5 million. Built in 2007, the 12-story property features 100 one-bedroom units, 42 one-bedroom with den units, 119 two-bedroom units and 19 two-bedroom with den apartments. Simon Butler and Biria St. John of CBRE/New England represented the seller and procured the buyer in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialMixed-UseMultifamilyNew YorkNortheastOfficeRetail

Colony Capital, NorthStar Receive Approval for Merger

by Amy Works

NEW YORK CITY — Colony Capital Inc., NorthStar Asset Management Group and NorthStar Realty Finance Corp. have received approval from shareholders for the previously announced merger of the three companies. Named Colony NorthStar Inc. (NYSE: CLNS), the combined company will have assets under management in excess of $58 billion, managing capital on behalf of its stockholders, institutional and retail investors in private funds and non-traded and traded real estate investment trusts and 1940 Act companies. Upon closing of the transaction, Thomas Barrack Jr. will be executive chairman of the board of directors, David Hamamoto will be executive vice chairman and Richard Saltzman will be chief executive officer of the new company. The companies expect to complete the merger in January 2017.

Continue Reading
FacebookTwitterLinkedinEmail
MultifamilyNew YorkNortheast

BCB Property Management Sells 48-Unit Multifamily Property in Brooklyn for $30M

by Amy Works

NEW YORK CITY — BCB Property Management has completed the disposition of a four-building multifamily asset located at 315-329 Lincoln Place in Brooklyn’s Prospect Heights neighborhood. Related Cos. acquired the buildings for $30 million. Totaling 52,543 square feet, the asset features 13 two-bedroom units, 11 three-bedroom apartments and 24 four-bedroom units. Approximately half of the 48 units were rent-stabilized at the time of sale. Stephen Palmese of Cushman & Wakefield represented the seller in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingLoansMultifamilyNew YorkNortheast

KeyBank Provides $7.6M Construction Loan for Affordable Housing Complex in Utica, New York

by Amy Works

UTICA, N.Y. — KeyBank Community Development Lending and Investment has provided a $7.6 million construction loan to Rescue Mission of Utica Inc. The loan will be used to construct West Street Apartments, a 42-unit low-income housing tax credit and supportive service property in Utica. Lynne Callis-Wilson of KeyBank arranged the construction loan.

Continue Reading
FacebookTwitterLinkedinEmail
IllinoisMidwestMultifamily

Kiser Group Brokers $20M Sale of 220-Unit Multifamily Portfolio in Chicago

by Kristin Harlow

CHICAGO — Kiser Group has brokered the sale of a multifamily portfolio in Chicago’s Rogers Park neighborhood for $20 million. The vintage buildings are located at 1412 W. Chase Ave., 6945 N. Ashland Ave., 1310 and 1257 W. Lunt Ave. The properties include studio, one-bedroom and two-bedroom units. Allen Smith of Winnemac Properties bought the four-building, 220-unit portfolio with plans to renovate the units. Luke Lesniewski, Stevens Haen, Michael Feldstein and Lee Kiser of Kiser Group represented the seller, Ansonia Properties.

Continue Reading
FacebookTwitterLinkedinEmail
MidwestMinnesotaMultifamily

CBRE Brokers Sale of 168-Unit Apartment Property in Eagan, Minnesota

by Kristin Harlow

EAGAN, MINN. — CBRE has brokered the sale of Lexington Hills in Eagan, 15 miles south of St. Paul. The 168-unit property is located at 4116 Lexington Ave. South. The seven-building community recently underwent a $1.8 million renovation including clubhouse expansion with an outdoor lounge, community room, fitness center and outdoor swimming pool. Abe Appert, Keith Collins, Ted Abramson and Laura Hanneman of CBRE represented the seller, Lexington Hills-Minneapolis LLC, an entity controlled by Bellevue, Wash.-based Curtis Capital Group. The buyer was an affiliate of Miami-based Monument Capital Management.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts