Multifamily

IPA Arranges Sale of 288-Unit Apartment Complex in Red Oak, Texas

by Taylor Williams October 20, 2026

RED OAK, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Ovilla at Legacy Square, a 288-unit apartment complex in Red Oak, a southern suburb of Dallas. Built on 18 acres in 2023, Ovilla at Legacy Square offers one-, two- and three-bedroom units that range in size from 600 to 1,351 square feet. Amenities include a pool, clubhouse, outdoor grilling and dining stations and a dog park. Michael Ware, Joey Tumminello, Drew Kile and Taylor Hill of IPA represented the seller, a partnership between Thompson Realty Capital and Trez Capital, in the transaction. The quartet also procured the buyer, Fogelman Properties, which plans to make capital improvements to the complex.

October 20, 2026

Development Multifamily New Hampshire Northeast Restaurant

Partnership Completes Multifamily Project, Public Park in Dover, New Hampshire

by Taylor Williams October 20, 2026

DOVER, N.H. — A partnership between Boston-based developer Cathartes and the City of Dover, located near the Maine-New Hampshire border, has completed a multifamily project and public park in the city’s waterfront district., The Truette is a 220-unit apartment complex that features studio, one-, two- and three-bedroom units, as well as 2,200-square-foot townhomes. Amenities include a rooftop terrace, coworking spaces, fitness areas and pet-friendly facilities, as well as an onsite restaurant. The 3.5-acre Nebi Park features art installations and a 2,300-square-foot pavilion and green space for public events

October 20, 2026

Affordable Housing Development Illinois Midwest Mixed-Use Multifamily

Habitat, Cabrera Capital Break Ground on LeClaire Courts Mixed-Use Redevelopment in Chicago

by Kristin Harlow October 20, 2026

CHICAGO — Habitat and Cabrera Capital, in partnership with the Chicago Housing Authority (CHA), have broken ground on the first residential phase of the redevelopment of the LeClaire Courts public housing community, which was completed in the 1950s and demolished in 2011. Replacing a 32-acre site in Chicago’s Garfield Ridge community, the multi-phase project will ultimately include up to 700 residential units, approximately 440,000 square feet of commercial space and publicly accessible open space. The first phase includes two six-story buildings comprising 183 apartments offered in a mix of studio, one-, two- and three-bedroom floor plans. Ninety percent of the homes will be designated as affordable through income and rent restrictions supported by public financing for qualifying low- and moderate-income residents, while the remaining units will be offered at market rate. Funding sources for the $119 million first phase include a $27 million capital loan from CHA, $9.5 million in city multifamily program funds, $5.5 million in tax-increment financing, $33.7 million in Low-Income Housing Tax Credit equity, $1.3 million in Illinois Affordable Housing Tax Credit equity and a $1.2 million deferred developer fee. The financing structure brings together the CHA, the city, Bank of America and other mission-driven investment partners. …

October 20, 2026

California Loans Multifamily Western

PCCP Provides $41M Refinancing for Multifamily Community in San Diego

by Amy Works October 20, 2026

SAN DIEGO — PCCP has provided a $41 million senior loan to refinance Tenney North Park, a 125-unit apartment building at 2260 El Cajon Blvd. in San Diego’s North Park submarket. The loan was provided on behalf of ownership and developer, Foulger-Pratt, and refinanced an existing construction loan. Built in 2025, Tenney North Park is an eight-story property featuring 115 market-rate units and 10 affordable units, with studio, one- and two-bedroom floor plans averaging 727 square feet. Additionally, the community features 3,116 square feet of ground-floor retail space and three levels of parking totaling 146 spaces. Unit interiors feature stainless steel appliances, walk-in showers, full-size washers/dryers, wood-style flooring and floor-to-ceiling glass, with select units offering built-in desk areas and private balconies. Community amenities include multiple clubhouses with coworking spaces, a rooftop lounge and deck, swimming pool, indoor and outdoor fitness areas, social courtyards, a pet spa with dog wash stations and an outdoor entertainment area with a fireplace and barbecues. Additionally, the property features electric vehicle charging stations.

October 20, 2026

Development Florida Southeast Student Housing

908 Group Breaks Ground on 684-Bed Student Housing Project Near University of Florida

by John Nelson October 20, 2026

GAINESVILLE, FLA. — 908 Group has broken ground on Chapter House UF, a 684-bed student housing development located at 920 S.W. Depot Ave. in Gainesville near the University of Florida campus. The project is being developed in partnership with Batson-Cook Development Co. and an undisclosed, Fortune 100 insurance company. The community will offer 219 units alongside 9,000 square feet of shared amenity space. The development team includes ARCO/Murray, Humphreys & Partners Architects and NV5. Pacific Life provided an undisclosed amount of construction financing. Asset Living has been tapped to manage Chapter House UF upon completion, which is scheduled for summer 2028.

October 20, 2026

Loans Multifamily South Carolina Southeast

Canyon Partners Provides $48M Loan for NorthPointe Apartments in Greenville

by John Nelson October 20, 2026

GREENVILLE, S.C. — Canyon Partners Real Estate LLC has provided a $48 million loan for the refinancing of NorthPointe Apartments, a 286-unit community in Greenville. Walker & Dunlop’s Capital Markets Real Estate Finance team arranged the loan on behalf of the borrower, a joint venture between ECI Group and Central Realty Holdings. Built in 2021, NorthPointe features 21,400 square feet of ground-floor retail space, 597 structured parking spaces, a resort-style pool, 24-hour fitness center and a community room with a full kitchen and outdoor fireplaces.

October 20, 2026

Development Multifamily Texas

Joint Venture Underway on 236-Unit Multifamily Project in Denison, Texas

by Taylor Williams October 19, 2026

DENISON, TEXAS — A joint venture between 2GR Equity, Preston Forrest Capital and Cross Development is underway on construction of The Katy at Waterloo Trails, a 236-unit multifamily project in Denison, about 75 miles north of Dallas. The site is located within the Waterloo Trails master-planned development, and the property will offer amenities such as a pool, fitness center, business center, a community kitchen and dog parks. Information on floor plans was not disclosed. Completion is slated for late 2027.

October 19, 2026

Affordable Housing Development Multifamily New York Northeast

Partnership Completes $636M Rehabilitation of Two Brooklyn Affordable Housing Communities

by Taylor Williams October 19, 2026

NEW YORK CITY — A partnership between The New York City Housing Authority, Fairstead, BRP Cos., Urbane and the Local Development Corp. of East New York has completed the $636 million rehabilitation of Reid Apartments and Park Rock, two affordable housing communities in Brooklyn. Located on the east side of the borough, Reid Apartments & Park Rock comprise 1,696 affordable housing units across 87 buildings that are home to roughly 3,000 people. Upgrades covered unit interiors and building exteriors, as well as mechanical and utility systems, security measures and resident services. The project also preserves the communities’ affordability status. Specific renovations included upgraded kitchens and bathrooms, new floors, appliances, fixtures and finishes, as well as modernized heating and ventilation systems, restored building facades, enhanced security infrastructure and elevator upgrades. The project also introduced upgraded lobbies and common areas, new storefronts, new community spaces, free community-wide Wi-Fi, fresh landscaping and improvements to outdoor amenity spaces. Lastly, residents now have access to expanded support services such as case management, healthy food programs, workforce development opportunities, youth programming and senior services.

October 19, 2026

Acquisitions Multifamily New Jersey Northeast

JLL Brokers Sale of 217-Unit Apartment Building in Hoboken

by Taylor Williams October 19, 2026

HOBOKEN, N.J. — JLL has brokered the sale of 1000 Jefferson, a 217-unit apartment building in Hoboken. Built in 2007, the six-story building houses 93 one-bedroom units, 114 two-bedroom residences and 10 three-bedroom apartments with an average size of 960 square feet. Amenities include a pool, fitness center and a rooftop deck. Jose Cruz, Steve Simonelli, Mike Oliver, Elizabeth DeVesty, Austin Pierce and Luke Chakonis of JLL represented the seller, Clarion Partners, in the transaction. Atlanta-based Invesco Real Estate purchased the building for an undisclosed price.

October 19, 2026

Acquisitions Georgia Multifamily Southeast

TruAmerica Acquires 446-Unit Apartment Community in Metro Atlanta

by Abby Cox October 19, 2026

DUNWOODY, GA. — TruAmerica Multifamily has acquired Bricks at Perimeter, a 446-unit, garden-style apartment community located in Dunwoody, roughly 16 miles north of downtown Atlanta. The seller and sales price were not disclosed. Built in 2007, Bricks at Perimeter offers 16 studios, 250 one-bedroom, 154 two-bedroom and 26 three-bedroom apartments averaging 926 square feet in size. Amenities at the property include a fitness center, electric vehicle charging stations, a swimming pool, clubhouse, putting greens, a grill, dog park, business center and access to MARTA. As part of the acquisition, TruAmerica plans to renovate the property as 442 out of 446 apartments are still outdated or only partly upgraded.

October 19, 2026

Newer Posts

Older Posts