Multifamily

Northwind Group Provides $231M Construction Loan for Office-to-Residential Conversion Project in Manhattan

by Taylor Williams November 4, 2026

NEW YORK CITY — Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager, has provided a $231 million construction loan for an office-to-residential conversion project in Manhattan. The borrower is joint venture between Metro Loft Management and David Werner Real Estate Investments, and the building in question is 675 Third Avenue, a 32-story, 337,000-square-foot tower in the Midtown East submarket. The conversion could add as many as 450 new apartments to the local supply, inclusive of a 25 percent affordable housing component. The joint venture, which acquired the building last spring, has tapped Gensler and Collaborative Construction Management as project partners. A construction timeline was not announced.

November 4, 2026

Affordable Housing Development Loans Maryland Multifamily Southeast

McCormack Baron Salazar, Baltimore City Secure Financing for $398M Affordable Housing Redevelopment

by John Nelson November 4, 2026

BALTIMORE — McCormack Baron Salazar, an affordable housing developer and operator based in St. Louis, and the Housing Authority of Baltimore City have closed on financing for the next 150 apartments at Perkins Square, advancing the $398 million redevelopment of the former Perkins Homes in East Baltimore. Phases 5A and 5B, representing approximately $87 million in development costs, will include 111 income-restricted and 39 market-rate units. The first three phases of Perkins Square included 411 mixed-income units delivered between 2024 and 2025, while the 154-unit fourth phase is under construction with completion slated for 2027. Perkins Square is replacing Perkins Homes, a 629-unit public housing community built in 1942. Demolition began in 2021 as part of Baltimore’s broader Perkins-Somerset-Oldtown Transformation Plan, a 244-acre redevelopment backed by HUD Choice Neighborhoods funding that is replacing the former public housing while adding mixed-income residences, infrastructure, parks and a new school. Phase 5A will include 60 apartments with a total development cost of approximately $41.6 million. Phase 5B, with 90 apartments, carries a cost of approximately $45.7 million. Tenants in 67 of the planned 150 apartments will receive rental assistance through the Housing Choice Voucher Program, formerly known as Section 8, as part of …

November 4, 2026

Acquisitions Mississippi Southeast Student Housing

Joint Venture Purchases 962-Bed Student Housing Community Near Mississippi State University

by John Nelson November 4, 2026

STARKVILLE, MISS. — A joint venture between an affiliate of Monument Square Investment Group and funds managed by an undisclosed investment management firm has purchased The Social Block and Townhomes, a 962-bed student housing community located near the Mississippi State University campus in Starkville. The property offers 385 units in two- and four-bedroom apartment and townhome configurations. Shared amenities include a resort-style pool, 24-hour fitness center, business lounge, green space and grilling stations. The seller and terms of the transaction were not released.

November 4, 2026

Acquisitions Georgia Multifamily Retail Southeast

JLL Arranges $21.2M Sale of Publix-Anchored Shopping Center in Dahlonega, Georgia

by John Nelson November 4, 2026

DAHLONEGA, GA. — JLL has arranged the sale of Dahlonega Village, a Publix-anchored shopping center located at 23 Maxwell Lane in Dahlonega, which sits 65 miles northeast of Atlanta. A private investor purchased the property from Watkins Real Estate Group for $21.2 million. Jim Hamilton, Brad Buchanan and Charlie Merrigan of JLL represented the seller in the transaction, and Austin Sumner Properties represented the buyer. Built in 2024, Dahlonega Village sits on 13.4 acres and has direct access to Ga. Highway 400. The grocery-anchored shopping center was fully leased at the time of sale to tenants including Great Clips, The UPS Store, Lifestyle Nail Bar, Spice Wing, Jersey Mike’s Subs, Tropical Smoothie Café, Rachel Remington Design, Itala Pizza and Hacienda Bar & Grill. Publix has 19 years remaining on its initial lease term at the center, according to JLL.

November 4, 2026

Affordable Housing Development Multifamily Nevada Western

Metcalf Builders Breaks Ground on 402-Unit Affordable Housing Development in Reno

by Amy Works November 4, 2026

RENO, NEV. — Reno-based Metcalf Builders has broken ground on Skyline Flats, an affordable housing development in Reno. Developed in partnership with Dominium, the 570,663-square-foot community will feature 14 residential buildings offering a total of 402 apartments. Residences will offer in-unit laundry and modern finishes. The property will feature sustainable components, including an onsite solar energy system to offset common-area and operational energy demands. Additionally, the community will incorporate modern energy-efficiency, accessibility and life-safety standards throughout. Construction of Skyline Flats is underway, with completion slated for January 2029.

November 4, 2026

Loans Multifamily Nevada Western

Bascom Group Obtains $30.8M Refinancing for Multifamily Property in Las Vegas

by Amy Works November 4, 2026

LAS VEGAS — The Bascom Group has refinanced Gateway Villas Apartments in Las Vegas with a $30.8 million loan. Brian Eisendrath, Cameron Chalfant, Jesse Zarouk and Jake Vitta of IPA Capital Markets arranged the financing, with Bridge Investment Group providing the loan. The Bascom Group acquired the 200-unit community in December 2021. Gateway Villas was constructed in 1984 and 1985 and comprises one- and two-bedroom units and a pool, clubhouse, fitness center, putting green and grilling area. Bascom completed a renovation program during its hold that updated amenities and repurposed the putting green into a central park with a shaded play structure.

November 4, 2026

Acquisitions California Multifamily Seniors Housing Western

SlateView Capital Buys 151-Unit Seniors Housing Community in Southern California

by Amy Works November 4, 2026

FOUNTAIN VALLEY, CALIF. — SlateView Capital has completed the acquisition of Parkview Estates, a 151-unit assisted living and memory care community located in Fountain View, approximately 40 miles southeast of Los Angeles. Amenities at the property, which was completed in 2021, include restaurant-style dining, activity spaces, a fitness and therapy area, a salon and a theater. The seller and sales price were not disclosed. This marks the second acquisition for SlateView since the firm’s inception. Azhar Jameeli, formerly of IRA Capital, and Kendall Young established SlateView in late August.

November 4, 2026

Acquisitions Iowa Midwest Multifamily

CBRE Brokers Sale of 540-Unit Multifamily Portfolio in Metro Des Moines

by Kristin Harlow November 4, 2026

WAUKEE AND JOHNSTON, IOWA — CBRE has brokered the sale of a two-property multifamily portfolio totaling 540 units in the Des Moines suburbs of Waukee and Johnston. CBRE’s Cy Fox, Ray Hamilton and Clark Matthews represented the sellers, ARTISAN Capital Group and MLG Capital. The portfolio includes Alice Patricia Apartments in Waukee and Sterling Pointe Apartments in Johnston. Built between 2013 and 2020, the properties are located less than eight miles apart.

November 4, 2026

Loans Midwest Multifamily South Dakota

Northmarq Provides $26.1M in Fannie Mae Financing for Foxmoor Apartments in Sioux Falls

by Kristin Harlow November 4, 2026

SIOUX FALLS, S.D. — Northmarq has provided $26.1 million in Fannie Mae financing for Foxmoor Apartments, a 350-unit community in Sioux Falls. John Reed of Northmarq arranged the financing on behalf of the borrower, Samuelson Development. The fixed-rate loan features a 10-year term. The property consists of three four-story buildings with a mix of studio, one- and two-bedroom units averaging 748 square feet as well as 2,300 square feet of commercial space. Amenities include a 9,600-square-foot clubhouse with a theater, community room, indoor pool, fitness center and spa.

November 4, 2026

Loans Multifamily Texas

Walker & Dunlop Arranges $117.3M Refinancing of Texas Apartment Portfolio

by Taylor Williams November 3, 2026

GEORGETOWN, LEANDER AND AUBREY, TEXAS — Walker & Dunlop has arranged the $117.3 million refinancing across multiple loans for a portfolio of three apartment communities totaling 960 units in Texas. Two of the properties — the 312-unit Austin Avenue and the 312-unit Aven Ridge — are located in the northern Austin suburbs of Georgetown and Leander, respectively. The third property, the 336-unit Latitude Magnolia, is located just north of the metroplex in Aubrey. The Austin-area communities were built in 2021 and 2022, respectively, and both offer one-, two- and three-bedroom units, while Austin Avenue also offers studio apartments. Latitude Magnolia was completed in 2021 and offers one- and two-bedroom units. Jordan Casella, Aaron Appel, Adam Schwartz, Jonathan Schwartz, Keith Kurland, Christopher de Raet and Nicholas Gilhooley of Walker & Dunlop arranged the floating-rate, interest-only loans through Benefit Street Partners. The borrower was an undisclosed institutional investment group.

November 3, 2026

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