Multifamily

PCCP Provides $84M Refinancing for 335-Unit Multifamily Property in Phoenix

by Amy Works January 7, 2026

PHOENIX — PCCP has provided an $84 million senior loan to Los Angeles-based Pacific Development Partners for the refinancing of Montreux, a 335-unit multifamily community in Phoenix. The three-building property was developed in 2019 and is approximately 89 percent leased. James Bach of CBRE arranged the financing. Montreux’s units are offered in one-, two- and three-bedroom floor plans. Amenities include two pools, a fitness center, a rooftop clubhouse, pickleball and tennis courts, a game room with a multi-sport simulator and parking.

January 7, 2026

Acquisitions Multifamily Washington Western

HFO Investment Real Estate Brokers $8.6M Sale of Apartment Complex in Vancouver, Washington

by Amy Works January 7, 2026

VANCOUVER, WASH. — HFO Investment Real Estate has arranged the sale of Corporate Woods, a multifamily property in Vancouver. The asset traded for $8.6 million, or $183,191 per unit. HFO represented the seller and buyer in the transaction. Built in 2003, Corporate Woods features 47 apartments and was 95 percent occupied at the time of sale.

January 7, 2026

Acquisitions Multifamily Texas

TMG Negotiates Sale of Two Apartment Complexes Totaling 280 Units in Lubbock

by Taylor Williams January 7, 2026

LUBBOCK, TEXAS — Dallas-based brokerage firm The Multifamily Group (TMG) has negotiated the sale of two apartment complexes totaling 280 units in Lubbock. Bentwood Apartments is a 216-unit complex that was built in 1983, and The Bend at Bentwood is a 64-unit complex that was completed in 2014. Both properties offer one- and two-bedroom units. The deal was executed via a 1031 exchange and assumption of an existing Fannie Mae loan. The buyer and seller were not disclosed.

January 7, 2026

Acquisitions Multifamily Texas

Eastham Capital Sells 268-Unit Apartment Complex in North Houston

by Taylor Williams January 7, 2026

HOUSTON — Florida-based real estate private equity firm Eastham Capital has sold Morgan Bay, a 268-unit apartment complex in North Houston. Morgan Bay offers one- and two-bedroom units that range in size from 561 to 1,042 square feet, as well as a pool. Eastham Capital acquired the property in 2019 via a joint venture with Mosaic Residential and implemented a value-add program. The buyer was not disclosed. Morgan Bay was approximately 95 percent occupied at the time of sale.

January 7, 2026

Acquisitions Multifamily New York Northeast

Carlyle, Z+G Property Buy Brooklyn Apartment Building for $105M

by Taylor Williams January 7, 2026

NEW YORK CITY — Local private equity firm The Carlyle Group, in partnership with operator Z+G Property Group, has purchased a 132-unit apartment building in Brooklyn for $105 million. The 13-story, newly constructed building is located at 130 Second St. in the borough’s Gowanus neighborhood and consists of 99 market-rate apartments and 33 affordable housing units. Amenities include a rooftop terrace with outdoor kitchens, a fitness center and coworking and media lounges, as well as 11,900 square feet of retail space. Ethan Stanton, Jeffrey Julien, Rob Hinckley, Steven Rutman, Brendan Maddigan and Mike Mazzara of JLL represented the seller, a joint venture between Joyland, Meral Property Group and The Loketch Group, in the transaction along with the buyer. Geoff Goldstein and Steven Klein, also with JLL, arranged an $80 million acquisition loan through Invesco Real Estate for the deal.

January 7, 2026

Development Multifamily New York Northeast

Brookstone Begins Leasing 174-Unit Apartment Complex in Brooklyn

by Taylor Williams January 7, 2026

NEW YORK CITY — Brookstone Developers has begun leasing One Nine Rockwell, a 174-unit apartment complex in Brooklyn’s Fort Greene neighborhood. Designed by Daniel Goldner Architects, One Nine Rockwell offers studio, one- and two-bedroom units and amenities such as a library, coworking lounge, fitness center, sky lounge and outdoor grilling and dining stations. About 30 percent (53) of the units are reserved as affordable housing. MNS Real Estate is leasing the property. Rents start at $3,300 per month for a market-rate studio apartment.

January 7, 2026

Development Florida Loans Multifamily Southeast

Berkadia Secures $84M Construction Bridge Loan for Fort Lauderdale Apartment Development

by John Nelson January 7, 2026

FORT LAUDERDALE, FLA. — Berkadia has secured an $84 million construction bridge loan for the completion of Astor Park Flagler Village, a 252-unit luxury apartment community located at 333 N.E. 6th St. in Fort Lauderdale. Mitch Sinberg, Scott Wadler, Matt Robbins, Brad Williamson and Patrick Johnson of Berkadia arranged the loan through BridgeInvest on behalf of the developer, Midtown Capital Partners. The borrower will use the floating-rate loan to refinance the property’s existing construction financing and fund remaining completion costs for Astor Park Flagler Village, which topped out in October and is expected to deliver this summer. The 12-story development will offer floorplans ranging in size from 594-square-foot studios to 1,735-square-foot penthouses. Amenities will include a resort-style rooftop pool, bar and resident lounge, dog park, coworking space, 2,389 square feet of retail space on the ground level and a structured parking podium with 318 garage parking spaces.

January 7, 2026

Development Midwest Missouri Multifamily

Mia Rose Holdings Breaks Ground on $57.5M Apartment Complex in Wildwood, Missouri

by Kristin Harlow January 7, 2026

WILDWOOD, MO. — St. Louis-based developer Mia Rose Holdings LLC, in partnership with Ed Kohn and Greenberg Development Co. LLC, has broken ground on Wildwood Luxury Living. The $57.5 million project will include 188 apartment units and roughly 7,000 square feet of commercial and retail space in Wildwood, a western suburb of St. Louis. The four-story building will total 215,000 square feet. Units will come in studios, one-, two- and three-bedroom floor plans, many with private balconies. Amenities will include green spaces, a pool, fire pits, a fitness center, clubhouse and rooftop terrace. The project site is steps away from Wildwood Town Center. Completion is slated for summer 2027.

January 7, 2026

Florida Loans Multifamily Southeast

Dwight Capital Provides $67M HUD-Insured Loan for Emerald Bay Apartments in Hialeah, Florida

by John Nelson January 7, 2026

HIALEAH, FLA. — Dwight Capital has provided a $67 million HUD 223(f) loan for Emerald Bay, a 311-unit apartment community located in Hialeah, a suburb of Miami. The loan proceeds were used to retire existing debt, cover closing costs, fund a replacement reserve for future capital improvements and unlock equity built up through construction and lease-up. Elliot Haft and Jack Tawil of Dwight Capital arranged the loan on behalf of the borrower, JVC Management. Completed in 2023, Emerald Bay spans seven residential buildings and comprises one-, two- and three-bedroom floorplans that range in size from 766 to 1,537 square feet, according to Apartments.com. Amenities at the complex include a swimming pool, fitness center, coworking space, clubhouse/leasing office, playground, dog park, outdoor common areas, courtyards and walking trails.

January 7, 2026

Affordable Housing Development District of Columbia Loans Multifamily Office Southeast Top Stories

Nuveen Green Capital Provides $465M C-PACE Financing for Office-to-Residential Conversion Project in D.C.

by Kristin Harlow January 7, 2026

WASHINGTON, D.C. — Nuveen Green Capital (NGC) has provided $465 million in C-PACE financing for The Geneva, an office-to-residential conversion project in Washington, D.C. The transaction represents the largest Commercial Property Assessed Clean Energy (C-PACE) financing in history as well as D.C.’s largest office-to-residential conversion to date, according to NGC. The borrower, Philadelphia-based developer Post Brothers, also received a $110 million senior loan from investment firm Mavik, bringing total financing to $575 million. The project’s overall price tag is $750 million, according to The Wall Street Journal. Located at 1825-1875 Connecticut Ave. NW, the 604,000-square-foot office property is comprised of two nine-story towers at the confluence of D.C.’s upscale Kalorama, Dupont Circle and Adams Morgan neighborhoods. The property will be converted into a 15-story luxury apartment building with 429 market-rate units, 42 extended-stay rentals, 61 affordable housing units and 57,000 square feet of commercial space. A timeline for construction was not provided. The $465 million in C-PACE financing was administered through DC Green Bank, which serves as the administrator of the DC PACE program on behalf of the District of Columbia. The DC PACE program is a special financing option for renewable energy projects such as solar, energy efficiency upgrades …

January 7, 2026

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