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Multifamily

Flintridge-Arlington
AcquisitionsMultifamilyTexas

IPA Negotiates Sale of 188-Unit Apartment Complex in Arlington

by Taylor Williams

ARLINGTON, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Flintridge, a 188-unit, garden-style apartment complex in Arlington. Built in 1979, Flintridge offers one- and two-bedroom units with an average size of 743 square feet and amenities such as a pool, clubhouse, business center and onsite laundry facilities. Michael Ware, Drew Kile, Joey Tumminello and William Hubbard of IPA represented the seller, an undisclosed lender, in the transaction and procured the buyer, Apogee Capital.

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Avenue-C-Houston
DevelopmentMultifamilyTexas

New Hope Housing Completes Affordable Seniors Housing Project in East Houston

by Taylor Williams

HOUSTON — New Hope Housing has completed NHH Avenue C, an affordable seniors housing project in Houston’s Magnolia Park/East End neighborhood. The number of units in the age-restricted (55-plus) complex was not disclosed, but residences come in one-, two- and three-bedroom floor plans. Amenities include a standalone community building, lounges and dining areas, a theater room and onsite resident programming services.

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425-Summit-Ave.-Jersey-City
LoansMultifamilyNew JerseyNortheast

CBRE Arranges $109.5M Permanent Loan for Jersey City Apartment Building

by Taylor Williams

JERSEY CITY, N.J. — CBRE has arranged a $109.5 million permanent loan for 425 Summit, a 27-story apartment building in Jersey City’s Journal Square neighborhood. Completed in 2024, 425 Summit houses 390 units in studio, one-, two- and three-bedroom floor plans, as well as ground-floor retail space. Matthew Pizzolato, Jason Gaccione, Jake Salkovitz, Shawn Rosenthal, Josh Stein and Carlos Silva of CBRE arranged the loan through Northwestern Mutual on behalf of the owner, a joint venture between Spitzer Enterprises and Arden Group.

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DevelopmentMultifamilyNortheastPennsylvaniaSeniors Housing

Charter Senior Living Breaks Ground on 162-Unit Project in West Chester, Pennsylvania

by Taylor Williams

WEST CHESTER, PA. — Charter Senior Living has broken ground on a 162-unit project in West Chester, located roughly 30 miles west of Philadelphia. Charter Senior Living of West Chester will offer independent living, assisted living and memory care residences. Charter is developing the project in partnership with Paradise Management. Completion is scheduled for late next year.

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AcquisitionsMassachusettsMultifamilyNortheast

NEPCG Negotiates Sale of 66-Unit Apartment Building in Great Barrington, Massachusetts

by Taylor Williams

GREAT BARRINGTON, MASS. — Regional brokerage firm Northeast Private Client Group (NEPCG) has negotiated the sale of a 66-unit apartment building in Great Barrington, located in western Masschusetts. Beech Tree Apartments comprises eight buildings on a 4.5-acre site. Daniel Scherban and Joseph Scherban of NEPCG represented the seller, Rowin Capital, in the transaction and procured the buyer, the Alander Group.

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AcquisitionsMidwestMinnesotaMultifamilySeniors Housing

JLL Arranges Sale of Two Seniors Housing Communities Totaling 216 Units in Metro Twin Cities

by Kristin Harlow

LAKE ELMO AND ARDEN HILLS, MINN. — JLL Capital Markets has arranged the sale of Boulder Ponds Senior Living and Round Lake Senior Living, two Class A communities totaling 216 units in the Twin Cities market. JLL represented the seller and developer, Trident Development, and procured the buyer, LTC Properties Inc. Lifespark will remain the operator of both properties, which feature independent living, assisted living and memory care services. Boulder Ponds Senior Living, completed in 2020, is a 95-unit community in Lake Elmo. Round Lake Senior Living, which opened in 2023, is a 121-unit community in Arden Hills.

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AcquisitionsFloridaMultifamilySoutheast

Berkadia Arranges $89.9M Sale of Apartment Community in Naples, Florida

by John Nelson

NAPLES, FLA. — Berkadia has arranged the $89.9 million sale of Orchid Run, a 282-unit, garden-style apartment community located at 10991 Lost Lake Drive in Naples. Matt Mitchell and Chris Burtner of Berkadia represented the seller, an affiliate of The Inland Real Estate Group of Cos. Inc., in the transaction. The buyer, Cardone Capital, utilized funding from 282 Bitcoin for the acquisition, which increases the Miami-based company’s portfolio to 14,800 apartments and its total assets under management to more than $5.4 billion. Built in 2015, Orchid Run features one-, two- and three-bedroom apartments averaging 1,040 square feet in size. Amenities at the gated community include a swimming pool and spa with private cabanas, fitness center with a dedicated yoga studio, clubhouse with a resident lounge and demonstration kitchen, coffee bar, outdoor grilling and entertaining areas, pet washing station and a car wash.

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AlabamaDevelopmentSoutheastStudent Housing

Morrison Avenue Completes 128-Bed Student Housing Development Near Auburn University

by John Nelson

AUBURN, ALA. — Morrison Avenue Capital Partners has completed Hilltop Auburn, a 128-bed student housing property located near the Auburn University campus in Alabama. The community offers four- and five-bedroom townhomes with bed-to-bath parity and attached garages. The development team for the project included Lauderdale Architecture + Development and Reed Construction. 360 Property Management operates Hilltop Auburn on behalf of Morrison Avenue.

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The-Mark-Fort-Collins-CO
ColoradoDevelopmentMultifamilyStudent HousingWestern

Landmark Properties Completes 397-Bed Student Housing Development Near Colorado State University 

by Amy Works

FORT COLLINS, COLO. — Landmark Properties has completed The Mark Fort Collins, a 397-bed student housing development located at 255 Johnson Drive near the Colorado State University campus in Fort Collins. The six-story community was developed in partnership with Silverpeak Real Estate Partners and Peninsula Investments. The property offers 193 fully furnished units in a mix of studio through four-bedroom configurations with bed-to-bath parity. Shared amenities include a heated outdoor pool, sky deck and lounge, gaming lawn, hammock grove, fitness center, coffee bar, sports simulator, private study and coworking rooms, three courtyards, multiple fire pits with seating areas, outdoor grilling space and a wellness center. The development team for the project included Mode 3 Architecture and Landmark Construction. 

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16-20-Convent-Ave.-Manhattan
Affordable HousingDevelopmentLoansMultifamilyNew YorkNortheast

Affinius Capital Provides $40.7M Construction Loan for Upper Manhattan Multifamily Project

by Taylor Williams

NEW YORK CITY — Affinius Capital has provided a $40.7 million construction loan for an 84-unit multifamily project in Upper Manhattan. The borrower is Haussmann Development. The site is located within a Qualified Opportunity Zone at 16–20 Convent Ave., adjacent to Columbia University’s campus, and the mixed-income project will be developed pursuant to New York City’s 485-x tax abatement program. Information on floor plans, income restrictions and amenities was not disclosed. NDKazalas Architecture PC is designing the project, which is slated for an early 2028 completion.

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