Multifamily

High Street Residential Breaks Ground on Two Multifamily Projects Totaling 536 Units in Allen, Texas

by Taylor Williams June 23, 2025

ALLEN, TEXAS — High Street Residential has broken ground on two multifamily projects totaling 536 units in Allen, a northeastern suburb of Dallas. Crestview Apartments will be a 434-unit community with one-, two- and three-bedroom units that will range in size from 512 to 1,820 square feet. Amenities will include a pool with cabanas, grilling area, fitness center, office lounge, clubroom, coffee bar, courtyards and a dog park station. Crestview Townhomes will have 102 units on an 8.8-acre site that will feature two- and three-bedroom floor plans ranging in size from 1,325 to 2,123 square feet. This property’s amenity package will consist of a resort-style pool with cabanas and grills, a fitness center, clubroom and entertainment room, courtyards and a dog park. High Street is developing Crestview Apartments and Crestview Townhomes in partnership with Abington Properties and MetLife Investment Management, respectively. The first units at Crestview Apartments are expected to be available for occupancy in the third quarter of 2026. At Crestview Townhomes, the first units should be move-in ready by early- to mid-2026. ESG Architecture & Design and Andres Construction Management are leading the design and construction aspects, respectively, for both projects.

June 23, 2025

Development Multifamily New York Northeast

Breslin Realty Begins Leasing 201-Unit Multifamily Project in Lynbrook, New York

by Taylor Williams June 23, 2025

LYNBROOK, N.Y. — Breslin Realty Development Corp. has begun leasing The Langdon, a 201-unit multifamily project in the Long Island community of Lynbrook. Located at 47 Broadway, The Langdon is a redevelopment of the former Mangrove Feather factory and consists of 55 studios, 111 one-bedroom units and 35 two-bedroom apartments, as well as 2,000 square feet of ground-floor retail space. Amenities include a lobby café, concierge services, rooftop terrace with skyline views, landscaped courtyard, resident lounge with billiards, a fitness center and work-from-home stations. Breslin developed the property in partnership with Fields Grade Development. Construction began in spring 2022. Rents start at approximately $3,000 per month for a studio apartment.

June 23, 2025

Acquisitions Multifamily New York Northeast

Marcus & Millichap Brokers $10.8M Sale of Historic Brooklyn Apartment Building

by Taylor Williams June 23, 2025

NEW YORK CITY — Marcus & Millichap has brokered the $10.8 million sale of a 101-unit historic apartment building located in the Prospect-Lefferts Gardens neighborhood of Brooklyn. The six-story, elevator-served building at 275 Linden Blvd. was originally constructed in 1930. Information on floor plans and amenities was not disclosed. Shaun Riney and Daniel Greenblatt of Marcus & Millichap represented the undisclosed seller in the transaction. Seth Glasser, also with Marcus & Millichap, procured the buyer, a California-based family office.

June 23, 2025

Acquisitions Florida Multifamily Southeast

Excelsa Properties Acquires 216-Unit Multifamily Community in Naples, Plans $7M Overhaul

by Abby Cox June 23, 2025

NAPLES, FLA. — Excelsa Properties has acquired Oasis Naples, a 216-unit garden-style multifamily property located at 2277 Arbour Walk Circle in Naples. The buyer purchased the property on behalf of Excelsa’s US Real Estate II LP fund and a co-investment vehicle related to Fund II LP, which are both managed by Excelsa. Built in 1992, Oasis Naples offers one- and two-bedroom floorplans ranging in size from 762 square feet to 1,012 square feet across18 residential buildings. Amenities at the property include a swimming pool, lounge areas, coffee station and a 24-hour fitness center. Excelsa plans to invest roughly $7 million to enhance the property’s appeal and performance. This marks the seventh multifamily property to be acquired through Excelsa’s US Real Estate II LP fund and the 20th multifamily acquisition across its portfolios.

June 23, 2025

Acquisitions Florida Multifamily Southeast

Berkadia Arranges Sale of Build-to-Rent Development Site in Metro Tampa

by Abby Cox June 23, 2025

LAND O’ LAKES, FLA. — Berkadia has arranged the sale of a 28.5-acre development site located within the master-planned community of Bexley in Land O’ Lakes, roughly 30 miles north of downtown Tampa. The Dinerstein Cos., in partnership with Maymont Homes, will design the site to offer a mix of two- and three-bedroom residences featuring private yards and attached garages. Amenities at the property, dubbed Sunlake North, will include a clubhouse, fitness center, resort-style swimming pool and various neighborhood parks. Sunlake Boulevard, which forms the site’s eastern boundary, is scheduled for a future extension that will connect the development to the new Moffitt Cancer Center Pasco Life Sciences Campus and the Angeline master-planned community. Preleasing at the development is expected to begin in late spring 2026, with the first homes available for move-in by the fourth quarter of that year.

June 23, 2025

Arizona California Loans Multifamily Western

Gantry Secures $28.2M Loan for Multi-State Manufactured Housing Portfolio

by Amy Works June 23, 2025

PHOENIX — Gantry has secured a $28.2 million permanent loan to refinance a portfolio of five manufactured housing communities in Arizona, California and Iowa. The fully stabilized assets feature a total of 687 pads across properties in Sierra Vista and Casa Grande, Ariz., Hemet and San Bernardino, Calif., and Atlantic, Iowa. Patrick Barkley and Chad Metzger of Gantry’s Phoenix production office represented the borrower, a private real estate investor. The five-year, fixed-rate loan was provided by an institutional balance sheet lender and features full-term interest-only payments. Gantry will service the loan.

June 23, 2025

Development Illinois Leasing Activity Midwest Multifamily

Habitat Completes Phase II Lease-up of 43 Green Mixed-Income Community in Chicago

by Kristin Harlow June 23, 2025

CHICAGO — Habitat has fully leased the apartments in the second phase of 43 Green, a mixed-income community in Chicago’s Bronzeville neighborhood. Located at 4309 S. Prairie Ave., immediately west of the Chicago Transit Authority’s (CTA) 43rd Street Green Line stop, 43 Green Phase II rises 10 stories and features 80 units, 44 of which are designated as affordable housing. Bordering the east side of the CTA station is Phase I of 43 Green, a 10-story, 99-unit building that includes 50 affordable housing units. Phase I opened in June 2023 and was fully leased by December of that year. Residences at Phase II are offered in studio, one- and two-bedroom floor plans ranging from 465 to 1,092 square feet. Amenities include two outdoor terraces, a fitness center, laundry facilities, flex work-from-home spaces, surface parking for 13 vehicles and 56 bicycle parking spots. The 80,000-square-foot building also features retail space. Representing an investment of more than $100 million across the project’s three phases, 43 Green is the first equitable transit-oriented development (ETOD) on Chicago’s South Side, according to Habitat. Prior to the city adopting its ETOD Policy Plan, nearly 90 percent of TOD projects between 2016 and 2019 were concentrated on …

June 23, 2025

Development Multifamily South Carolina Southeast

Joint Venture Delivers 312-Unit Apartment Community in West Columbia, South Carolina

by Abby Cox June 20, 2025

WEST COLUMBIA, S.C. — A joint venture between Fickling & Co., Novare Group and BCDC has delivered Langley Pointe, a 312-unit luxury apartment community located on Sunset Boulevard in West Columbia. Classic Plains served as the general contractor for the project, and SGN+A was the architect. Protective Life Insurance Co. provided construction financing. Situated less than one mile from Lexington Medical Center, Langley Pointe sits on 38 acres and offers one-, two- and three-bedroom floorplans ranging in size from 966 square feet to 1,438 square feet, according to Apartments.com. Rental rates for a one-bedroom apartment begin at $2,490. Amenities at the property include a gated entrance, clubhouse, coworking space, resort-style swimming pool with sunning ledges, electric vehicle charging stations, fitness center with yoga room, outdoor kitchen, entertainment area, pet spa and a fully equipped dog park.

June 20, 2025

Leasing Activity Multifamily Southeast Tennessee

Hines Launches Leasing at 300-Unit Rowley Apartment Complex in Murfreesboro, Tennessee

by Abby Cox June 20, 2025

MURFREESBORO, TENN. — Houston-based Hines has launched leasing for The Rowley, a 300-unit apartment complex located within the Clari Park mixed-use development in Murfreesboro. The development offers a mix of studios, one-, two- and three-bedroom residences ranging in size from 653 square feet to 1,359 square feet, according to Apartments.com. Rental rates for a studio apartment begin at $1,750. Amenities at The Rowley include a central village green lawn for social gatherings and events, resort-style swimming pool with cabanas, Zen garden with an outdoor yoga lawn and relaxation zones, as well as a dog park and spa. Additionally, the community includes indoor amenities such as a two-story clubroom, bar with a sports simulator room, entertainment lounges, private conference rooms, podcast room, coworking lounge and a fitness center, with 17 micro-office suites for residents who are hybrid or remote employees. Clari Park spans 78 acres and features a mix of retailers and restaurants like CAVA, Drake’s, Neighbors, Firebirds Wood Fired Grill, Main Event, In-N-Out Burger, Raising Cane’s and Whataburger, as well as a TownPlace Suites by Marriott hotel.

June 20, 2025

Development Multifamily Texas

Presidium Completes 358-Unit Multifamily Project in Northeast Austin

by Taylor Williams June 20, 2025

AUSTIN, TEXAS — Texas-based developer Presidium has completed a 358-unit multifamily project in northeast Austin. Designed by Dallas-based Humphreys & Partners and Ink + Oro Interior Design, Presidium Tech Ridge sits on 14 acres and features studio, one- and two-bedroom units. Residences are furnished with stainless steel appliances, quartz countertops, built-in desks, wine coolers and full-size washers and dryers. The amenity package comprises a pool, fitness center, game room, coffee bar, theater lounge, golf simulator, business center, catering kitchen, coworking lounge, courtyard with fire pits and a dog park. Construction began in spring 2022. Rents start at $1,300 per month for a studio apartment.

June 20, 2025

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