Multifamily

Avanath, BRIDGE Form Affordable Housing Property Management Company

by Amy Works October 13, 2025

SAN FRANCISCO AND IRVINE, CALIF. — BRIDGE Housing and Avanath Communities have jointly formed an affordable and workforce housing property management company called Brighthaven Communities. Initially, Brighthaven will provide property management services to the two organizations’ combined portfolio of properties, which totals approximately 30,000 affordable homes across 15 states. The new company plans to extend its services beyond the partners’ own properties to include other nonprofit and for-profit owners of affordable and workforce housing communities. Brighthaven will be governed by a six-member board with equal representation from both organizations. Avanath is an Irvine-based private investment firm, and BRIDGE is a nonprofit affordable housing owner and developer headquartered in San Francisco.

October 13, 2025

Acquisitions Arizona Multifamily Western

Partnership Sells 36-Unit Parkway Apartments in Phoenix for $4.5M

by Amy Works October 13, 2025

PHOENIX — A partnership between Dorn Properties and Far Western Properties has completed the disposition of Parkway Apartments in Phoenix to Parkway Apartments LLC for $4.5 million, or $125,000 per unit. Located at 5407 W. Glenrosa Ave., Parkway Apartments offers 35 two-bedroom/two-bath units and a one-bedroom/one-bath unit. All apartments are individually metered for electricity and feature large private front patios. The community was built in 1963. Brian Smuckler and Derek Smigiel of JLL represented the seller in the deal.

October 13, 2025

Affordable Housing Indiana Loans Midwest Multifamily

Merchants Capital Arranges $70M in Construction Financing for Indiana Workforce Housing Project

by Kristin Harlow October 13, 2025

ELKHART, IND. — Merchants Capital has arranged $70 million in financing for the construction of Flats at Pinecreek, a 252-unit workforce housing development in Elkhart. Holladay Properties is the developer. Merchants Capital secured a $35 million Freddie Mac Forward Commitment permanent loan and a $35 million construction loan provided by Merchants Bank. Flats at Pinecreek will be supported via an 18-year tax-increment financing structure. Roughly 25 percent of the units will be reserved for residents earning between 60 and 80 percent of the area median income, with the remaining units provided at market rate. Flats at Pinecreek will include seven three-story buildings and a clubhouse. There will be 126 one-bedroom units, 105 two-bedroom units and 21 three-bedroom residences. Amenities will include a fitness center, pool, dog park, lounge and coffee bar, grill stations and a package delivery hub. Construction has commenced, and completion is slated for January 2027.

October 13, 2025

Acquisitions Illinois Midwest Multifamily

eXp Commercial Brokers $1.5M Sale of Multifamily Property in Lyons, Illinois

by Kristin Harlow October 13, 2025

LYONS, ILL. — eXp Commercial, a division of eXp World Holdings Inc., has brokered the sale of a 12-unit multifamily property located at 4337 Prescott Ave. in the Chicago suburb of Lyons. Randolph Taylor of eXp Commercial represented the buyer and seller. The asset features a mix of one- and two-bedroom units. Recent improvements include a new heating system, security camera installation and renovated bathrooms in select units. The seller was a long-term private owner. The buyer, a Chicago-based private investor, purchased the property in an all-cash transaction to expand its multifamily portfolio into suburban Cook County.

October 13, 2025

Loans Midwest Multifamily Wisconsin

MMCC Arranges $18M in Financing for Multifamily Property Near Green Bay

by Kristin Harlow October 10, 2025

ASHWAUBENON, WIS. — Marcus & Millichap Capital Corp. (MMCC) has arranged $18 million in financing for The Common Place, an 88-unit multifamily property located at 686 Mike McCarthy Way in Ashwaubenon, a suburb of Green Bay. The property is located in the city’s Sports & Entertainment District, blocks away from Lambeau Field and Titletown. Odyssey Climbing & Fitness occupies the first floor of the building. Units range from studios to two-bedroom floor plans, and amenities include a courtyard and bike storage. Robert Bhat of MMCC arranged the five-year, nonrecourse CMBS loan with a national bank. The loan features a 70 percent loan-to-value ratio, 6.45 percent interest rate and interest-only payments for the full term.

October 10, 2025

Acquisitions Multifamily Student Housing Texas Walker & Dunlop

Walker & Dunlop Brokers Sale of 769-Bed Student Housing Property Near Texas A&M University

by Taylor Williams October 10, 2025

COLLEGE STATION, TEXAS — Walker & Dunlop has brokered the sale of The Woodlands of College Station, a 769-bed student housing property located near the Texas A&M University campus in College Station. Completed in 2006, the community offers 276 units and amenities such as a pool, fitness center, basketball and volleyball courts, study lounges and shuttle service to campus. Chris Epp, Matthew Chase, Craig Miller, Holden Penn, Ben Sarna, Sarah Foronda, Naomi Bludworth, Will Baker, William Shell, Jonathan Schwartz, Michael Ianno, Sean Reimer, Mike Shropshire and Doug McDaniel of Walker & Dunlop represented the seller, Interwest Capital, in the transaction. Walker & Dunlop also arranged an undisclosed amount of acquisition financing on behalf of the undisclosed buyer.

October 10, 2025

Loans Multifamily Texas

Concord Summit Arranges $34M Bridge Loan for New Waco Apartment Complex

by Taylor Williams October 10, 2025

WACO, TEXAS — Concord Summit Capital, a South Florida-based financial intermediary, has arranged a $34 million bridge loan for Zoe Apartments, a 214-unit multifamily complex in Waco. Completed in 2024, Zoe Apartments consists of six three-story residential buildings on a 10.3-acre site. Units come in one- and two-bedroom floor plans, and amenities include a pool, clubhouse, outdoor grilling and dining areas, two pickleball courts and a dog park. David Larson and Keegan Burger of Concord Summit arranged the loan on behalf of the owner, Utah-based Surge Investment Group.

October 10, 2025

Acquisitions Multifamily Seniors Housing Texas

Blueprint Negotiates Sale of 469-Bed Skilled Nursing Portfolio in Texas

by Taylor Williams October 10, 2025

CHICAGO — Blueprint HCRE, a Chicago-based seniors housing brokerage firm, has negotiated the sale of a portfolio of five skilled nursing facilities totaling 469 beds in Texas. The names and locations of the properties were not disclosed. The portfolio was 71 percent occupied at the time of sale. A skilled nursing owner and operator acquired the portfolio for an undisclosed price. Amy Sitzman and Giancarlo Riso of Blueprint arranged the sale on behalf of the seller, which also requested anonymity.

October 10, 2025

Affordable Housing Development Multifamily Seniors Housing Texas

Partnership Breaks Ground on 100-Unit Affordable Seniors Housing Project in Fort Worth

by Taylor Williams October 10, 2025

FORT WORTH, TEXAS — A partnership between Columbia Residential and Renaissance Heights Foundation has broken ground on Columbia Renaissance Square III, a 100-unit affordable seniors housing project in southeast Fort Worth. The project represents the third and final phase of a larger mixed-income development. A portion of those residences will be reserved for renters earning between 30 and 80 percent of the area median income, and 16 units will be set aside as permanent supportive housing. Phase I of Columbia Renaissance Square totaled 140 units, and Phase II featured 120 age-restricted units.

October 10, 2025

Development Multifamily Northeast Pennsylvania

Affinius Capital Provides $170M Construction Loan for Philadelphia Multifamily Project

by Taylor Williams October 10, 2025

PHILADELPHIA — Affinius Capital has provided a $170 million construction loan for a 431-unit multifamily project that will be located in Philadelphia’s Northern Liberties neighborhood. The project represents Phase II of a larger development known as Piazza Alta and will consist of two buildings that will rise eight and 16 stories. Units will come in studio, one-, two- and three-bedroom floor plans and will be furnished with stainless steel appliances and individual washers and dryers. Amenities will include a rooftop lap and lounge pool, grilling stations, fire pits, a fitness center with a yoga studio and coworking spaces. Russell Schildkraut of Ackman-Ziff arranged the loan on behalf of the borrower, locally based developer Post Brothers.

October 10, 2025

Newer Posts

Older Posts