Tuesday, December 23, 2025
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Multifamily

AcquisitionsGeorgiaSoutheastStudent Housing

JLL Negotiates Sale of 532-Bed Student Housing Property Near Georgia Southern University

by John Nelson

STATESBORO, GA. — JLL has negotiated the sale of Market 100, a 532-bed student housing community located at 100 Bermuda Run Road in Statesboro, less than a half-mile from the Georgia Southern University campus. RDG Student Housing, a division of Redeeming Development Group, purchased the 164-unit property from Preiss for an undisclosed price. The transaction marks the buyer’s first student housing acquisition. Teddy Leatherman, Scott Clifton and Kevin Kazlow of JLL’s student housing capital markets team represented the seller in the transaction. Jayme Nelson and Dan Kearns of JLL arranged a three-year acquisition loan through Bayview Asset Management on behalf of RDG Student Housing. Market 100 was 97 percent occupied at the time of sale. The community features a mix of two-, three- and four-bedroom floorplans with bed-to-bath parity in most units. Onsite amenities include a resort-style pool, sand volleyball court, clubhouse, fitness center, computer lounge, basketball court and a billiards table.

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AcquisitionsMidwestMinnesotaMultifamily

CBRE Arranges Sale of 204-Unit Multifamily Property in Lakeville, Minnesota

by Kristin Harlow

LAKEVILLE, MINN. — CBRE has arranged the sale of Livery, a 204-unit multifamily property in the Minneapolis suburb of Lakeville. Texas-based RPM Living Investments purchased the asset from Indiana-based Garrett Cos. for an undisclosed price. CBRE’s Ted Abramson, Keith Collins and Abe Appert represented the seller. Built in 2023, the townhome-style property features a range of one-, two- and three-bedroom floor plans averaging 1,117 square feet. Amenities include a yoga room, outdoor fire pit, pool, fitness center and indoor dog spa.

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Affordable HousingDevelopmentMidwestMinnesotaMultifamily

Kraus-Anderson Begins Construction of $24M Affordable Housing Project in Downtown Minneapolis

by Kristin Harlow

MINNEAPOLIS — Kraus-Anderson has broken ground on Exodus, a $24 million affordable housing project in downtown Minneapolis. The developer, Aeon, is partnering with St. Olaf Catholic Church on the project, which involves the rehabilitation and addition to an existing eight-story building adjacent to the church. Once complete, the development will provide 72 studio units of deeply affordable housing, designed to support individuals experiencing homelessness and housing instability. Residents will be referred through Hennepin County’s Coordinated Entry and Behavioral Health Systems. Touchstone Mental Health will provide comprehensive supportive services. Through a long-term ground lease, Aeon will be the new owner and operator of the building. Constructed in the 1950s, the building was originally designed to provide dorm-style housing for young professional women working downtown. Over time, the property transitioned to providing temporary shelter for unhoused individuals downtown through Catholic Charities and Hennepin County, before becoming completely vacant. Urbanworks Architecture and Kraus-Anderson will serve as the architect and general contractor. Plans call for the substantial rehabilitation of the building’s interior and connecting a newly built eight-story addition adjacent to the original. There will be community spaces, outdoor green space and a fitness center as well as new mechanical systems. The project is …

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Affordable HousingLoansMassachusettsMultifamilyNortheast

Lument Provides $27M HUD-Insured Loan for Refinancing of Boston Affordable Housing Property

by Taylor Williams

BOSTON — New York City-based Lument has provided a $27 million HUD-insured loan for the refinancing of East Canton Street Apartments, a historic affordable housing property located in the InkBlock neighborhood of Boston. The property consists of four five-story buildings that were originally constructed in the late 1800s and a house total of 80 units. East Canton Street Apartments was converted to HUD-subsidized housing in 1981 and rehabilitated in 2007. Tracy Peters of Lument originated the fixed-rate loan through HUD’s 223(f) program on behalf of the owner, HallKeen Management.

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AcquisitionsAffordable HousingMultifamilyNortheastPennsylvania

LYND Group Acquires 110-Unit Affordable Housing Complex in Pittsburgh

by Taylor Williams

PITTSBURGH — An affiliate of San Antonio-based investment firm LYND Group has acquired Kelly Hamilton Apartments, a 110-unit affordable housing complex in Pittsburgh. The 21-building property is located in the city’s Homewood South neighborhood and offers one-, two- and three-bedroom floor plans. LYND, which plans to implement a capital improvement program, purchased the property through a bankruptcy proceeding in the U.S. Bankruptcy Court for the District of New Jersey.

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AcquisitionsMultifamilySeniors HousingTexas

Sagora Senior Living Buys 100-Unit Community in Burleson, Texas

by Taylor Williams

BURLESON, Texas — Sagora Senior Living has purchased Wilshire Senior Living, a 100-unit community located in Burleson, approximately 15 miles south of Fort Worth. Situated on 25 acres, the property features four-story buildings with independent living apartments, as well as cottages with attached garages. The community, which opened in 2021, also features assisted living and memory care units. Amenities include a theater room, billiards area and a full-service salon. The seller and sales price were not disclosed.  

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22-Fulton-Street-Newark
DevelopmentLoansMultifamilyNew JerseyNortheastWalker & Dunlop

Walker & Dunlop Arranges $250M in Financing for Newark Multifamily Project

by Taylor Williams

NEWARK, N.J. — Walker & Dunlop has arranged a $250 million financing package for 22 Fulton Street, a multifamily project that will be located within a Qualified Opportunity Zone in Newark’s Military Park neighborhood. The package consists of nearly $119 million in financing that comprises a construction loan, 4 percent Low-Income Housing Tax Credit (LIHTC) equity and LIHTC bridge loan that was provided by the Urban Investment Group at Goldman Sachs Alternatives. The package also includes $20 million in preferred equity and a $100 million forward commitment for a permanent loan, both of which were provided by undisclosed institutional lenders. Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Jordan Casella, Michael Ianno and Jackson Irwin of Walker & Dunlop arranged the financing on behalf of the borrower and developer, a partnership between SK Development and Berger Organization. The 21-story building will have 396 units, 20 percent of which (80 residences) will be reserved for households earning 60 percent or less of the area median income, as well as 4,700 square feet of retail space. Units will come in studio, one- and two-bedroom floor plans. Construction is expected to commence in the coming months and to be complete in 2028.

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DevelopmentLouisianaSoutheastStudent Housing

C1 Development, GMH Receive Approval for 1,000-Bed Student Housing Development Near Louisiana State University

by John Nelson

BATON ROUGE, LA. — A joint venture between C1 Development and GMH Communities has received approval for a student housing development at 6800 Burbank Drive near the Louisiana State University (LSU) campus in Baton Rouge. The development can span up to 1,000 beds and is set to offer cottage- and garden-style units, as well as townhomes, in two-, four- and five-bedroom configurations. Shared amenities will include a resort-style pool, modern fitness center, resident lounge, business center and study rooms. Construction is expected to begin next fall with completion scheduled for fall 2028.

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AcquisitionsMultifamilySoutheastVirginia

Berkadia Negotiates Sale of 295-Unit Apartment Community in Norfolk

by John Nelson

NORFOLK, VA. — Berkadia has negotiated the sale of Livano Norfolk, a 295-unit apartment community located at 6163 Kempsville Circle in Norfolk. The buyer, Kushner, has rebranded the property as District 757. The seller, LIV Development, delivered the property in 2024. Drew White, Carter Wood and Cole Carns of Berkadia’s Richmond office represented the seller in the transaction. Laura Cathlina and Anna Burns of Berkadia’s Chicago office arranged a Fannie Mae loan for the buyer. The sales price and loan amount were not disclosed. District 757 was 96 percent occupied at the time of sale. The property offers a mix of studios, one-, two- and three-bedroom residences ranging in size from 614 to 1,645 square feet. Amenities include a 12,000-square-foot clubhouse with an entertainment kitchen, lounge areas and gaming spaces, as well as a year-round resort-style pool with sundeck, sky lounge, coworking suites with private offices, business center, EV charging stations and a 24-hour fitness center.

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AcquisitionsGeorgiaMultifamilySoutheast

Forum Investment Group Buys 168-Unit Indigo Apartments in Canton, Georgia

by John Nelson

CANTON, GA. — Denver-based Forum Investment Group has purchased The Indigo, a 168-unit apartment community located at 300 Prominence Point Parkway in Canton, a northern suburb of Atlanta in Cherokee County. The seller and sales price were not disclosed. The transaction marks Forum’s first real estate acquisition in nearly five years. Built in 2022, The Indigo features a mix of one-, two- and three-bedroom floorplans ranging in size from 731 to 1,410 square feet, according to Apartments.com. Amenities include a pool, fitness center, grilling and picnic areas and onsite maintenance and package services.

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