Multifamily

Walker & Dunlop Arranges $238M Refinancing for Landmark South Apartments in Doral, Florida

by John Nelson September 30, 2026

DORAL, FLA. — Walker & Dunlop has arranged a $238 million loan for the refinancing of The Landmark South, a 631-unit apartment community located at 6055 N.W. 105th Court in Doral, a western suburb of Miami. Aaron Appel, Michael Stepniewski, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Sean Bastian and Stanley Cayre of Walker & Dunlop arranged the floating-rate, interest-only bridge loan from Torchlight Investors on behalf of the borrower, JSB Capital. Completed in two phases in 2017 and 2021, The Landmark South comprises one-, two- and three-bedroom residences averaging 1,017 square feet in size. Amenities include two resort-style pools, two 24-hour fitness centers, outdoor courtyards, a business center, pet spa, resident lounges and structured parking.

September 30, 2026

Affordable Housing Development Florida Loans Multifamily Southeast

Greystone Provides $167M Financing for Affordable Housing Tower Development in Miami

by John Nelson September 30, 2026

MIAMI — Greystone has provided a loan package totaling $167 million for the construction of Gallery at Lummus Parc, an affordable housing high-rise development located at 395 N.W. 1st St. in Miami. The borrower is locally based Related Urban Development Group, an affordable housing subsidiary of Related Group. Greg Voyentzie and Jay Reed of Greystone Real Estate Capital (GREC) and Jason Kaye of Greystone Housing Impact Investors LP (GHI), along with Jeff Englund and Pharrah Jackson of Greystone, facilitated the financing. GHI is providing $80 million in construction financing through a joint venture with BlackRock Impact Opportunities Fund; GREC is providing $27.1 million in 4 percent low-income housing tax credit (LIHTC) equity; and Greystone provided a $60.1 million fixed-rate Freddie Mac loan that is expected to repay the construction financing upon conversion in conjunction with the LIHTC equity. Approximately 83 percent of the residences at Gallery at Lummus Park will be subject to income and/or rent restrictions, with affordability levels ranging from 20 to 100 percent of the area median income (AMI). The financing structure also incorporates project-based rental assistance, including 51 project-based voucher units and six RAD-assisted units. Gallery at Lummus Parc will comprise 257 studio, one- and two-bedroom …

September 30, 2026

Acquisitions Affordable Housing Multifamily New York Northeast

Ariel Property Advisors Negotiates $75M Sale of Two Manhattan Apartment Buildings

by Taylor Williams September 30, 2026

NEW YORK CITY — Locally based brokerage firm Ariel Property Advisors has negotiated the $75 million sale of two Section 8 apartment buildings totaling 126 units in Manhattan. The properties are located at 200 Manhattan Ave. and 133 W. 104th St. in the Manhattan Valley area on the borough’s Upper West Side. Victor Sozio, Shimon Shkury and Remi Mandell of Ariel represented the undisclosed seller in the transaction. The name and representative of the buyer were also not disclosed.

September 30, 2026

Colorado Loans Multifamily Western

Griffis Residential Receives $86M in Financing for Denver Apartment Community

by Amy Works September 30, 2026

DENVER — Griffis Residential has received $86 million in financing for Griffis Union Station, a Class A apartment property in Denver. Eric Tupler, Kevin Barron and Jake Martin of JLL Capital Markets secured the five-year senior agency loan for the borrower. Completed in 2010, the five-story Griffis Union Station features 400 one- and two-bedroom apartments, averaging 918 square feet. A portion of the units have been fully renovated and feature new countertops, backsplashes, stainless steel appliances and improved lighting. Community amenities include a fitness center, resort-style pool, clubhouse, resident lounge, business center, game room and grilling stations, as well as a dog park and pet washing station. Griffis Union Station is situated on 4.9 acres at 2905 Inca St. in the heart of downtown Denver and close to LoDo, the Ballpark District and RiNo Arts District.

September 30, 2026

Acquisitions Arizona Multifamily Western

D.R. Horton Divests of 260-Unit Ascend at Black Canyon Multifamily Property in Phoenix

by Amy Works September 30, 2026

PHOENIX — D.R. Horton has completed the disposition of Ascend at Black Canyon, an apartment community in Phoenix, to Millburn & Co. for $58.7 million, or $225,769 per unit. Steve Gebing and Cliff David of Institutional Property Advisors (IPA), a division of Marcus & Milichap, represented the seller and procured the buyer in the transaction. Built on 10 acres in 2024, Ascend at Black Canyon is a controlled-access community with 260 one-, two- and three-bedroom apartments with stainless steel appliances, washers/dryers, smart-home technology, dual-pane windows and private patios or balconies. Community amenities include a resort-style swimming pool, 24-hour fitness center, two dog parks and a pet washing station.

September 30, 2026

Acquisitions Midwest Minnesota Multifamily

Waterton Acquires 453-Unit Apartment Community in Woodbury, Minnesota

by Kristin Harlow September 30, 2026

WOODBURY, MINN. — Waterton has acquired City Walk at Woodbury, a 453-unit apartment community in the Twin Cities suburb of Woodbury. The property comprises two four-story residential buildings, heated indoor parking garages, a clubhouse and 24,000 square feet of retail space. Waterton will execute a value-add program to enhance the residences, hallways and common areas. Built in phases in 2005 and 2011, City Walk at Woodbury features one-, two- and three-bedroom floor plans. The clubhouse includes an indoor pool, hot tub, sauna, game room, golf simulator, business center, children’s room and a fitness center with a yoga studio and spin room. Residents also have access to community kitchens, club lounges and coworking spaces.

September 30, 2026

Iowa Loans Midwest Multifamily

Dwight Capital Provides $60M HUD-Insured Loan for Refinancing of Iowa Multifamily Property

by Kristin Harlow September 30, 2026

DAVENPORT, IOWA — Dwight Capital has provided a $60 million HUD 223(f) loan for the refinancing of Birchwood Grove, a newly developed 194-unit townhome community in Davenport. The rental property includes 56 two- and three-story buildings along with a separate community building that houses a clubhouse, leasing office and 4,800 square feet of ground-floor commercial space. Loan proceeds will retire existing debt, cover closing costs, fund a replacement reserve for future capital improvements and enable the borrower to draw on equity accumulated since the original construction financing. Josh Hoffman and Jonathan Pomper of Dwight Capital originated the financing on behalf of the borrower, Kevin Dolan of Dolan Homes LLC.

September 30, 2026

Acquisitions Multifamily Texas

37th Parallel Acquires 222-Unit Apartment Complex in Sachse, Texas

by Taylor Williams September 29, 2026

SACHSE, TEXAS — Virginia-based investment firm 37th Parallel Properties has acquired Woodbridge Villas, a 222-unit apartment complex in Sachse, a northeastern suburb of Dallas. Built on 10.5 acres in 2002, Woodbridge Villas features one-, two- and three-bedroom units with an average size of 875 square feet across 11 residential buildings. Amenities include a pool, fitness center, clubhouse, business center, outdoor grilling and dining stations and a pet park. The seller and sales price were not disclosed.

September 29, 2026

Development Loans Multifamily New Jersey Northeast

PCCP Provides $66.8M Construction Loan for Northern New Jersey Multifamily Project

by Taylor Williams September 29, 2026

FAIR LAWN, N.J. — Los Angeles-based PCCP LLC has provided a $66.8 million senior construction loan for Plaza Greene, a 145-unit multifamily project that will be located in the Northern New Jersey community of Fair Lawn. Floor plans were not disclosed, but about 12 percent (18) of the residences will be reserved as affordable housing, and all residences will be subject to age restrictions. Amenities will include a fitness center, spa and a landscaped courtyard, and a 22,300-square-foot Sprouts Farmers Market will anchor the building’s ground-floor retail space. The borrower is a partnership between regional owner-operator Sterling Properties and New Jersey-based Danbro Properties.

September 29, 2026

Acquisitions Multifamily South Carolina Southeast

JLL Arranges Sale of 270-Unit Apartment Community Near Myrtle Beach

by John Nelson September 29, 2026

LITTLE RIVER, S.C. — JLL has arranged the sale of The Lorrel, a 270-unit, garden-style apartment community located at 3465 Sandler Blvd. in Little River, a suburb of Myrtle Beach. Atlanta-based ANiMAL Group purchased the property from Virginia Beach-based Wakefield Residential for an undisclosed price. John Mikels of JLL led the transaction on behalf of the seller. Completed in 2023, The Lorrel was 96 percent occupied at the time of sale. The property includes one-, two- and three-bedroom apartments with an average unit size of 879 square feet. Amenities include a resort-style pool with a tanning ledge, pickleball court, 24-hour fitness center, outdoor fire pit with fireside seating, leash-free dog park, pet spa, business center with private conference rooms, game lawn, courtyards and guest suites.

September 29, 2026

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