Multifamily

Bayview PACE Provides $200M C-PACE Financing for Mixed-Use Tower in Downtown Miami

by John Nelson January 8, 2026

MIAMI — Bayview PACE, a division of Bayview Commercial Mortgage Finance, has provided $200 million in C-PACE financing for Okan Tower, a 72-story mixed-use tower underway at 555. N. Miami Ave. in downtown Miami. The borrower, Okan Group, and its construction affiliate Okan Construction recently reached the 40th floor of the tower’s build-out. The tower will rise 903 feet upon completion in 2028, making it the second tallest building in Florida. The C-PACE financing completes the capital stack for the new skyscraper, according to Bayview PACE. Other capital sources were not released. Designed by Behar Font & Partners, Okan Tower will feature four levels of offices totaling 56,000 square feet; an onsite parking garage totaling 429 spaces; a five-star, Hilton-branded hotel totaling 316 rooms; 236 condo-hotel units managed by Hilton; and Sky Residences, 163 for-sale condominiums that will occupy the tower’s uppermost floors.

January 8, 2026

Acquisitions Alabama Multifamily Southeast

Marcus & Millichap Brokers $5.6M Sale of Apartment Community in Birmingham

by John Nelson January 8, 2026

BIRMINGHAM, ALA. — Marcus & Millichap has brokered the $5.6 million sale of Pineview Pointe Apartments, a 141-unit community located in Birmingham’s Center Point neighborhood. Josh Jacobs and Lloyd Escue of Marcus & Millichap’s Birmingham office represented the seller, an entity doing business as Pineview Pointe LLC, in the off-market transaction. The buyer was not disclosed. Built in the 1970s, Pineview Pointe features a mix of one- and two-bedroom, garden-style apartments.

January 8, 2026

Loans Multifamily New York Northeast

JLL Arranges $62M Loan for Refinancing of New Jersey, New York Multifamily Portfolio

by Taylor Williams January 8, 2026

MORRISTOWN, N.J. — JLL has arranged a $62 million loan for the refinancing of a portfolio of five multifamily properties totaling 541 units in New Jersey and New York. The New Jersey properties include Spring Gardens Apartments in Summit; Omni Apartments in Bergenfield; Arcadia Court Apartments in Hackensack; and Park Engle Apartments in Englewood. The fifth, unnamed property is located in Montgomery, N.Y. Thomas Didio, Thomas Didio Jr., Gerard Quinn, Michael Mataras and Christian Badalamenti of JLL arranged the loan on behalf of the borrower, Tower Management Service.

January 8, 2026

Connecticut Development Hospitality Loans Multifamily Northeast

Knighthead Funding Provides $48M Loan for Acquisition, Conversion of Stamford Hotel

by Taylor Williams January 8, 2026

STAMFORD, CONN. — Knighthead Funding has provided a $48 million loan for the acquisition and partial conversion of the 508-room Marriott Stamford hotel in southern coastal Connecticut. The sponsor, Clearview Hotel Capital, will use a portion of the proceeds to convert one of the hotel’s two towers, which were built in 1975 and 1985, into a residential complex with studio, one- and two-bedroom units. The other tower will be renovated and relaunched as a modernized hotel. Tyler Dumon, Christopher Kramer, Daniel Fromm, Ricky Braha, Jordan Roeschlaub and Nick Scribani of Newmark arranged the debt.

January 8, 2026

Acquisitions Connecticut Multifamily Northeast

CBRE Negotiates Sale of 100-Unit Apartment Complex in Wilton, Connecticut

by Taylor Williams January 8, 2026

WILTON, CONN. — CBRE has negotiated the sale of White Oaks at Wilton, a 100-unit apartment complex located in southern coastal Connecticut. Built in 2011, the complex offers one-, two- three-and four-bedroom units. According to Apartments.com, amenities include a pool, fitness center, playground and outdoor grilling and dining stations. Jeffrey Dunne, Eric Apfel, Stuart MacKenzie and Travis Langer of CBRE represented the seller, LaSalle Investment Management, in the transaction and procured the buyer, CT Realty Trust.

January 8, 2026

Acquisitions Illinois Midwest Multifamily

Interra Realty Negotiates $17M Sale of Chicago Apartment Building

by Kristin Harlow January 8, 2026

CHICAGO — Interra Realty has negotiated the $17 million sale of 506 W. Deming Place in Chicago’s Lincoln Park neighborhood. The 49-unit vintage apartment building was built in 1915. Amenities include a laundry room, bike storage room and fitness facility. Recent renovations include modernization to some residences with in-unit laundry. The buyer, Horizon Realty Group, plans to make additional improvements to units and common areas. Colin O’Malley of Interra represented the confidential seller as well as the buyer. The building was 98 percent occupied at the time of sale.

January 8, 2026

Acquisitions Midwest Minnesota Multifamily

JLL Arranges Sale of 288-Unit Multifamily Community in Rochester, Minnesota

by Kristin Harlow January 8, 2026

ROCHESTER, MINN. — JLL Capital Markets has arranged the sale of The Villages at Essex Park, a 288-unit multifamily community in Rochester. Situated near the Mayo Clinic and the city’s medical district, the property comprises two phases. Essex Park was built in 1999 and includes 144 units. Essex Place, constructed in 1991 and renovated in 2013, features 144 Section 42 income-restricted units at 60 percent of the area median income. Units average 1,005 square feet. Amenities include a clubhouse, fitness center, pool, playground and picnic areas. Josh Talberg, Joseph Peris, Doug Childers and Jack Graveline of JLL represented the seller, Dominium, and procured the buyer, Black Swan Real Estate.

January 8, 2026

Conference Coverage Features Georgia Loans Multifamily Multifamily & Affordable Housing Feature Archive Southeast Southeast Feature Archive

InterFace: Multifamily Finance Pros Explain Where Capital Providers Are Placing Their Bets in 2026

by John Nelson January 8, 2026

ATLANTA — Multifamily borrowers have a plethora of financing options at their beck and call, both from traditional debt sources and alternative platforms. With the competition among capital sources on the rise, sponsors are in an advantageous position. “More lenders are chasing multifamily since they’ve taken three commercial real estate food groups off the table — office, retail and hospitality,” explains Shawn Townsend, president and chief investment officer at Ease Capital. However, financing challenges remain. “But by and large the cost of debt capital has not gone down,” Townsend adds. 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. Townsend’s comments came during the capital markets panel at InterFace Multifamily Southeast, a two-day event held Dec. 1-2 at the Intercontinental Buckhead hotel in Atlanta. InterFace Conference Group and sister publications Multifamily & Affordable Housing Business and Southeast Real Estate Business hosted the networking and information conference. Stephen Farnsworth, senior managing director of real estate finance at Walker & Dunlop, moderated the session, which featured five lenders and financial intermediaries. Farnsworth opened by touching on the ebbs and …

January 8, 2026

Acquisitions California Multifamily New Jersey Northeast Top Stories Washington Western

JRK Acquires Three-Property Multifamily Portfolio for $400M

by Hayden Spiess January 8, 2026

LOS ANGELES — Real estate investment firm JRK has announced its acquisition of a portfolio of three multifamily properties for $400 million. The portfolio includes apartment communities located in Seattle; Hoboken, N.J.; and Los Angeles totaling 803 units. The seller was Equity Residential (NYSE: EQR), a Chicago-based multifamily REIT. Centennial in Seattle features 408 units, 77 Park Avenue in Hoboken comprises 301 units, and C on Pico in Los Angeles totals 94 units. According to Trulia.com, C on Pico offers two-bedroom units, with monthly rental rates beginning at $3,325. Monthly rental rates at 77 Park Avenue begin at $3,655, according to Zillow.com. “These recent acquisitions exemplify the type of high-quality, well-located assets we continue to target in today’s market,” says Daniel Lippman, president of JRK. “We believe the multifamily sector has reached an inflection point whereby we can acquire assets at a unique time where new supply subsides and long-term fundamentals remain strong. These dynamics create a compelling backdrop that gave us the conviction to be one of the nations’ most active buyers in 2025.” JRK closed approximately $1.3 billion in acquisitions in the second half of 2025 totaling 3,400 units. According to MSCI Real Assets, multifamily sales in the first …

January 8, 2026

Arizona Loans Multifamily Western

PCCP Provides $84M Refinancing for 335-Unit Multifamily Property in Phoenix

by Amy Works January 7, 2026

PHOENIX — PCCP has provided an $84 million senior loan to Los Angeles-based Pacific Development Partners for the refinancing of Montreux, a 335-unit multifamily community in Phoenix. The three-building property was developed in 2019 and is approximately 89 percent leased. James Bach of CBRE arranged the financing. Montreux’s units are offered in one-, two- and three-bedroom floor plans. Amenities include two pools, a fitness center, a rooftop clubhouse, pickleball and tennis courts, a game room with a multi-sport simulator and parking.

January 7, 2026

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