Multifamily

Capstone Begins Construction on 270-Unit Gateway Apartments in Orlando

by John Nelson July 29, 2026

ORLANDO, FLA. — Capstone Building Corp. has begun construction on The Gateway, a 270-unit luxury apartment community located at 7250 Shadowridge Drive in Orlando. The design-build team includes developer JBL Development LLC and architect Baker Barrios Architects. Located near Airport Lakes Park, the five-story, gated community features smart studio, junior one-bedroom, and one-, two- and three-bedroom floorplans. Amenities will include a heated saltwater pool with private cabanas, outdoor kitchens and fire pits, indoor and outdoor coworking lounges, a fitness center with outdoor fitness equipment, pickleball court, bark park, pet spa and a clubhouse featuring a restaurant and bar, market, tenant kitchen and leisure spaces. The development team expects to deliver The Gateway in late 2027.

July 29, 2026

Acquisitions California Multifamily Seniors Housing Western

Harrison Street Asset Management Sells 136-Unit Seniors Housing Community in Oxnard, California

by Amy Works July 29, 2026

OXNARD, CALIF. — Harrison Street Asset Management has sold Clearwater at Riverpark, a 136-unit independent senior living community in Oxnard. The buyer was an undisclosed S&P 500 company focused on seniors housing. Terms of the transaction were not released. Aaron Rosenzweig and Dan Baker of JLL Capital Markets Sales and Advisory team represented the seller in the deal. Built in 2018 on 3.8 acres, residences in the 153,297-square-foot community feature full kitchens, in-unit washers/dryers and private patios. Community amenities include multiple dining venues, a pool, fitness center, theater, salon and spa, putting green and dog park.

July 29, 2026

Acquisitions California Multifamily Western

CBRE Arranges $25.9M Sale of Ocean Avenue Multifamily Property in Santa Monica, California

by Amy Works July 29, 2026

SANTA MONICA, CALIF. — CBRE has negotiated the $25.9 million sale of a multifamily property along Santa Monica’s Ocean Avenue corridor. The property at 901 Ocean Ave. sold for $23.5 million, with the buyer assuming approximately $2.4 million in transaction-related obligations. A local private investor acquired the asset in an all-cash transaction. The sale was completed through a court-supervised receivership overseen by the Superior Court of California, County of Los Angeles. Priscilla Nee and Dan Blackwell of CBRE represented the court-appointed receiver. Originally constructed in phases between 1961 and 1970, the three-story, 30,954-square-foot building features 28 apartments in an mix of one- and two-bedroom layouts. Multiple residences offer ocean views and private balconies. Community amenities include a rooftop deck, gated garage parking, a pool, controlled access and multiple lounge areas.

July 29, 2026

Development Georgia Southeast Student Housing

Core Spaces Breaks Ground on 1,656-Bed Student Housing Development Near University of Georgia

by John Nelson July 28, 2026

ATHENS, GA. — Core Spaces has broken ground on Hub Athens Dougherty, a 1,656-bed student housing development located near the University of Georgia campus in Athens. The community will offer 536 units in studio through five-bedroom configurations. Shared amenities will include study lounges, group study rooms, fitness and wellness areas and a resort-style rooftop pool. Core Spaces is partnering with Athens-Clarke County on several public benefit initiatives as part of the development, including a 400-space public parking deck; 16,000 square feet of retail space; the addition of water/sewer infrastructure that will facilitate new affordable housing development; enhanced streetscapes; the preservation and revitalization of the existing historic Foundry building; the relocation and reconstruction of the historic Hoyt House; and the addition of a new public plaza. The development team for the project — which is scheduled for completion in 2028 — includes Mallory & Evans, JNS Realty, Northworks Architects, Studio BNA and Harken Interiors. Construction is being led by a joint venture between Core Spaces and Juneau Construction Co. TSB Capital Partners arranged an undisclosed amount of construction financing for Core Spaces through Affinius Capital.

July 28, 2026

Gilbane-Developement-University-of-Oklahoma

Development Multifamily Student Housing Texas

Gilbane Development Breaks Ground on 756-Bed Student Housing Project in Norman, Oklahoma

by Taylor Williams July 28, 2026

NORMAN, OKLA. — Gilbane Development has broken ground on a 756-bed student housing project in Norman, home of the University of Oklahoma. The 33-acre site is located less than a mile from the university’s campus, and the community will feature 298 units in addition to a landscaped open-space amenity area and onsite parking. Gilbane is developing the project in partnership with California-based Coleraine Capital Group. Santander Bank and Fifth Third Bank are financing construction, which is expected to be complete in time for the fall 2028 semester.

July 28, 2026

Acquisitions Multifamily South Carolina Southeast

Northmarq Negotiates $5.6M Sale of Multifamily Community in Lexington, South Carolina

by John Nelson July 28, 2026

LEXINGTON, S.C. — Northmarq has negotiated the $5.6 million sale of Sweetbriar Apartments, a 48-unit community located at 200 Libby Lane in Lexington, a suburb of Columbia, S.C. The garden-style property was built in 1988 and includes one- and two-bedroom layouts. Charis Capital purchased the property from InterMark Management Corp. Dane Lozier, Ron Corrao, Eric Liebich, Scott Fuller and Matthew Weinstein led the Northmarq team in representing the seller in the transaction.

July 28, 2026

Acquisitions Connecticut Multifamily Northeast Student Housing

Marcus & Millichap Brokers Sale of 30-Unit Student Housing Property in Hamden, Connecticut

by Taylor Williams July 28, 2026

HAMDEN, CONN. — Marcus & Millichap has brokered the sale of Pine Rock Townhomes, a 30-unit student housing property that is located adjacent to Southern Connecticut State University in Hamden. Built in 2012 and renovated in 2022, the property offers four-bedroom, townhome-style units with an average size of 1,850 square feet. Eric Pentore, Wes Klockner and Ross Friedel of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

July 28, 2026

Acquisitions Illinois Midwest Multifamily

Interra Realty Brokers $5.9M Sale of Multifamily Portfolio in Palatine, Illinois

by Kristin Harlow July 28, 2026

PALATINE, ILL. — Interra Realty has brokered the sale of a five-building, 30-unit multifamily portfolio in Palatine for nearly $5.9 million. Paul Waterloo and Patrick Kennelly of Interra represented the private local buyer and confidential seller. The portfolio was fully occupied at the time of sale. The properties are part of the Turtle Creek Apartments Master Association. There are five one-bedroom units and 25 two-bedroom residences, all of which have been recently upgraded. The properties are subject to a monthly association fee that covers insurance, landscaping, snow removal and waste collection.

July 28, 2026

California Content Partner Features Loans Multifamily Northeast Regions Real Estate Capital Markets Southeast Western

Resilient Demand in Key Regions Supports Multifamily Through Midyear Challenges

by Sarah Daniels July 28, 2026

By Ann Atkinson, Regions Real Estate Capital Markets Midway through 2026, the multifamily industry appears to be holding steady. By many accounts, fundamentals are weathering uncertainties across the economy, job markets and geopolitical arenas. While some key metrics have softened, the overall health of the apartments sector demonstrates how essential this class of real estate is. Simply stated, everyone needs a safe place to call home. Sustained demand for rental units remains central to the sector’s health, and conditions in the for-sale market continue to shape that demand directly. For many households, homeownership has become increasingly out of reach. Affordability has eroded sharply over the past decade, driven by land use restrictions, constrained housing supply and a widening gap between mortgage costs and income, according to an October Goldman Sachs’ U.S. outlook for housing supply and affordability. Elevated interest rates in recent years have only added to the strain. Together, these factors are keeping many Americans in rentals far longer than they might have planned. Even with strong demand, the apartments market isn’t without challenges. The industry is still working through the surge in new unit supply that hit the market over the past few years. As a result, rents …

July 28, 2026

woodfield-development-multifamily-rendering

Development Multifamily North Carolina Southeast

Woodfield Development Breaks Ground on $100M Apartment Community in Cary, North Carolina

by Abby Cox July 27, 2026

CARY, N.C. — Woodfield Development has broken ground on a 330-unit apartment community located across from the Tryon Village shopping center at 2818 Macedonia Road in Cary, a suburb of Raleigh. Eagle Realty Group is serving as equity partner and capital provider for the $100 million project. The unnamed, five-story residential complex will feature studios, one-, two- and three-bedroom apartments in a five-story building that will wrap around a parking deck. The complex will feature more than 13,500 square feet of interior amenity space that will include a leasing office with a conference room and outdoor patio; coworking center with private business stations and conference rooms; coffee and gaming lounge with a coffee bar, grab-and-go market and golf simulator; resident clubhouse with a full kitchen, game area, maker’s room and library; two-story fitness center with a dedicated group fitness studio; dog spa; and a sky lounge with indoor/outdoor entertaining space overlooking the city. Outdoor amenities, which will span more than 40,000 square feet across three landscaped courtyards, will include a resort-style swimming pool with cabanas; grilling stations; gathering areas; fire pits; artificial turf recreation spaces; an outdoor fitness area, sauna and cold plunge; as well as a dog park with …

July 27, 2026

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