Multifamily

Transwestern Investment Group Sells 105-Unit Apartment Building in Seattle

by Amy Works October 10, 2025

SEATTLE — Transwestern Investment Group (TIG), on behalf of a separately managed account, has completed the sale of Viva, a six-story Class A apartment property in Seattle’s Capitol Hill submarket. Terms of the transaction were not disclosed. Developed in 2014, the 75,776-square-foot Viva offers 105 residential units and 7,450 square feet of ground-floor retail space. The community features a rooftop deck, spacious clubroom with fireplace, chef’s kitchen and entertainment center, controlled-access underground parking garage, package lockers and electric vehicle charging stations. At the time of sale, Viva’s residential component was 96 percent leased and the retail space was 86 percent leased.

October 10, 2025

Acquisitions Louisiana Southeast Student Housing

Monument Square, JDI Realty Acquire 532-Bed Student Housing Community Near Louisiana State University

by Abby Cox October 10, 2025

BATON ROUGE, LA. — A joint venture between Monument Square Investment Group and JDI Realty has acquired Maison Burbank, a 532-bed student housing community located near the Louisiana State University (LSU) campus in Baton Rouge. The garden-style property was developed in 1996 and renovated in 2017. The joint venture plans to begin capital improvements to the property immediately, including new roofing and performing the postponed maintenance and repair work for the drive aisles and parking lots. The community offers 134 units in two- and four-bedroom floorplans. Amenities include a resort-style swimming pool, picnic and grilling area, sand volleyball court, 24-hour fitness center, coffee bar and a dog park. The property was 98.5 percent leased at the time of sale. The seller and terms of the transaction were not released.

October 10, 2025

Development Multifamily Texas

McCombs Enterprises to Undertake Multifamily Conversion Project in Downtown San Antonio

by Taylor Williams October 9, 2025

SAN ANTONIO — Locally based development and investment firm McComb Enterprises will undertake a multifamily conversion project in downtown San Antonio. The project will transform the historic 31-story Tower Life Building at 310 S. Saint Mary’s St., which was originally built in 1929, into a 242-unit apartment complex. The development will be known as Tower Life Residences and will include penthouses and retail space. Amenities will include a library, lounges, bar spaces, workspaces, entertainment areas and private event rooms, as well as 5,000 square feet of rooftop gardens. McCombs is redeveloping the building in partnership with J. Jeffers Co. Project partners include Front Porch Design Group, Alamo Architects and Jordan Foster Construction. The first residences are expected to be available for occupancy next fall.

October 9, 2025

Loans Mixed-Use Multifamily Retail Southeast Virginia

Berkadia Arranges $84.1M Refinancing for Meridian at Eisenhower Apartment Tower in Alexandria, Virginia

by John Nelson October 9, 2025

ALEXANDRIA, VA. — Berkadia has arranged an $84.1 million loan for the refinancing of Meridian at Eisenhower, a 369-unit residential high-rise located at 2351 Eisenhower Ave. in Alexandria, a suburb of Washington, D.C. Patrick McGlohn, Patrick Cunningham, Brian Gould, Hunter Wood and Natalie Hershey of Berkadia arranged the 10-year loan on behalf of the borrower, Paradigm Development Co. LLC. The direct lender was not disclosed. Meridian at Eisenhower was 93 percent occupied at the time of the loan closing. Built in 2007, the high-rise offers studio, one- and two-bedroom floorplans ranging in size from 605 to 1,220 square feet. Fifteen units are reserved for households earning 60 percent of the area median income (AMI). Amenities include a rooftop swimming pool and sundeck, fitness center with cardio theater, top-floor clubroom with billiards, a landscaped courtyard and grill area, storage units, package service and 444 parking spaces. The property also includes three street-level retail spaces totaling 10,200 square feet housing tenants including Orangetheory Fitness and Xfinity.

October 9, 2025

Acquisitions Multifamily Texas

Blue Atlantic Partners Acquires 299-Unit Montecito Apartments in Uptown Houston

by Taylor Williams October 9, 2025

HOUSTON — Blue Atlantic Partners, an affiliate of Atlantic Pacific Cos., has acquired the 299-unit Montecito Apartments in Houston’s Uptown-Galleria neighborhood. The property offers a mix of one-, two- and three-bedroom units that range in size from 669 to 2,091 square feet. Amenities include a pool, fitness center and a resident clubhouse. The new ownership plans to implement a multimillion-dollar renovation that will upgrade unit interiors, amenity spaces and building exteriors. The seller and sales price were not disclosed.

October 9, 2025

Acquisitions Seniors Housing Southeast Virginia

Clarion Completes First Seniors Housing Acquisition, Buys 103-Unit Community in Metro Richmond

by John Nelson October 9, 2025

MECHANICSVILLE, VA. — Investment firm Clarion Partners has acquired Sancerre at Atlee Station in Mechanicsville, marking the first seniors housing acquisition for the New York City-based company. NexCore Group sold the property for an undisclosed price. Experience Senior Living, a subsidiary of NexCore, will continue to operate the community. Opened in September 2023, Sancerre at Atlee Station totals 103 units, with independent living, assisted living and memory care options available for residents. BWE investment Sales, an affiliate of BWE, facilitated the transaction.

October 9, 2025

Acquisitions Florida Loans Multifamily Southeast Walker & Dunlop

Walker & Dunlop Provides $47.8M Agency Loan for Mason Stuart Apartments in Southeast Florida

by John Nelson October 9, 2025

STUART, FLA. — Walker & Dunlop has provided a $47.8 million Fannie Mae loan for the acquisition of Mason Stuart, a 270-unit apartment community located at 4585 S.E. Federal Highway in Stuart, a city in Southeast Florida’s Martin County. The borrower was Raia Capital Management. Craig West of Walker & Dunlop originated the fixed-rate, interest-only loan. Built in 2023, Mason Stuart features a mix of one-, two- and three-bedroom units, as well as a resort-style pool area, 24-hour fitness center with a yoga and spin room, an outdoor gathering pavilion, fenced dog park and multi-purpose walking trails.

October 9, 2025

Loans Massachusetts Multifamily Northeast Rhode Island

Walker & Dunlop Provides $356.4M Agency Refinancing of New England Multifamily Portfolio

by Taylor Williams October 9, 2025

BOSTON — Walker & Dunlop has provided a $356.4 million Freddie Mac loan for the refinancing of a portfolio of four multifamily properties totaling 1,817 units in New England. The portfolio comprises Royal Crest Marlboro, a 473-unit property located west of Boston; Royal Crest Warwick, a 492-unit community in Rhode Island; Waterford Village, a 588-unit asset located south of Boston; and Wexford Village, a 264-unit complex in Worcester. The properties were all built between 1970 and 1974. Craig West led the Walker & Dunlop team that originated the financing on behalf of the borrower, an affiliate of Harbor Group International.

October 9, 2025

Connecticut Loans Multifamily Northeast Seniors Housing

BWE Funds $35.3M Agency Permanent Loan for Seniors Housing Complex in Fairfield, Connecticut

by Taylor Williams October 9, 2025

FAIRFIELD, CONN. — Cleveland-based commercial finance firm BWE has funded a $35.3 million Freddie Mac permanent loan for Sturges Ridge of Fairfield, a 99-bed seniors housing complex located in southern coastal Connecticut. The property opened in 2018, houses 88 units and offers assisted living and memory care services. Amenities include game/activity lounges, a fitness and wellness center, private dining room, library with computer stations, full-service salons and a pet therapy program. Taylor Mokris and Ryan Stoll of BWE originated the 10-year, fixed-rate loan on behalf of the undisclosed borrower.

October 9, 2025

Acquisitions Affordable Housing Multifamily New Jersey Northeast

Kislak Negotiates $4.5M Sale of Affordable Housing Complex in Livingston, New Jersey

by Taylor Williams October 9, 2025

LIVINGSTON, N.J. — Local brokerage firm The Kislak Co. Inc. has negotiated the $4.5 million sale of Peachtree Apartments, a 51-unit affordable housing complex located in the Northern New Jersey community of Livingston. Built in 2022, Peachtree Apartments offers one-, two- and three-bedroom units. Information on specific amenities and income restrictions was not disclosed. Matt Weilheimer and Tom Scatuorchio of Kislak represented the seller, Joseph Kushner Hebrew Academy, in the deal and procured the undisclosed buyer.

October 9, 2025

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