Multifamily

McCombs Enterprises to Undertake Multifamily Conversion Project in Downtown San Antonio

by Taylor Williams October 9, 2025

SAN ANTONIO — Locally based development and investment firm McComb Enterprises will undertake a multifamily conversion project in downtown San Antonio. The project will transform the historic 31-story Tower Life Building at 310 S. Saint Mary’s St., which was originally built in 1929, into a 242-unit apartment complex. The development will be known as Tower Life Residences and will include penthouses and retail space. Amenities will include a library, lounges, bar spaces, workspaces, entertainment areas and private event rooms, as well as 5,000 square feet of rooftop gardens. McCombs is redeveloping the building in partnership with J. Jeffers Co. Project partners include Front Porch Design Group, Alamo Architects and Jordan Foster Construction. The first residences are expected to be available for occupancy next fall.

October 9, 2025

Loans Mixed-Use Multifamily Retail Southeast Virginia

Berkadia Arranges $84.1M Refinancing for Meridian at Eisenhower Apartment Tower in Alexandria, Virginia

by John Nelson October 9, 2025

ALEXANDRIA, VA. — Berkadia has arranged an $84.1 million loan for the refinancing of Meridian at Eisenhower, a 369-unit residential high-rise located at 2351 Eisenhower Ave. in Alexandria, a suburb of Washington, D.C. Patrick McGlohn, Patrick Cunningham, Brian Gould, Hunter Wood and Natalie Hershey of Berkadia arranged the 10-year loan on behalf of the borrower, Paradigm Development Co. LLC. The direct lender was not disclosed. Meridian at Eisenhower was 93 percent occupied at the time of the loan closing. Built in 2007, the high-rise offers studio, one- and two-bedroom floorplans ranging in size from 605 to 1,220 square feet. Fifteen units are reserved for households earning 60 percent of the area median income (AMI). Amenities include a rooftop swimming pool and sundeck, fitness center with cardio theater, top-floor clubroom with billiards, a landscaped courtyard and grill area, storage units, package service and 444 parking spaces. The property also includes three street-level retail spaces totaling 10,200 square feet housing tenants including Orangetheory Fitness and Xfinity.

October 9, 2025

Acquisitions Multifamily Texas

Blue Atlantic Partners Acquires 299-Unit Montecito Apartments in Uptown Houston

by Taylor Williams October 9, 2025

HOUSTON — Blue Atlantic Partners, an affiliate of Atlantic Pacific Cos., has acquired the 299-unit Montecito Apartments in Houston’s Uptown-Galleria neighborhood. The property offers a mix of one-, two- and three-bedroom units that range in size from 669 to 2,091 square feet. Amenities include a pool, fitness center and a resident clubhouse. The new ownership plans to implement a multimillion-dollar renovation that will upgrade unit interiors, amenity spaces and building exteriors. The seller and sales price were not disclosed.

October 9, 2025

Acquisitions Seniors Housing Southeast Virginia

Clarion Completes First Seniors Housing Acquisition, Buys 103-Unit Community in Metro Richmond

by John Nelson October 9, 2025

MECHANICSVILLE, VA. — Investment firm Clarion Partners has acquired Sancerre at Atlee Station in Mechanicsville, marking the first seniors housing acquisition for the New York City-based company. NexCore Group sold the property for an undisclosed price. Experience Senior Living, a subsidiary of NexCore, will continue to operate the community. Opened in September 2023, Sancerre at Atlee Station totals 103 units, with independent living, assisted living and memory care options available for residents. BWE investment Sales, an affiliate of BWE, facilitated the transaction.

October 9, 2025

Acquisitions Florida Loans Multifamily Southeast Walker & Dunlop

Walker & Dunlop Provides $47.8M Agency Loan for Mason Stuart Apartments in Southeast Florida

by John Nelson October 9, 2025

STUART, FLA. — Walker & Dunlop has provided a $47.8 million Fannie Mae loan for the acquisition of Mason Stuart, a 270-unit apartment community located at 4585 S.E. Federal Highway in Stuart, a city in Southeast Florida’s Martin County. The borrower was Raia Capital Management. Craig West of Walker & Dunlop originated the fixed-rate, interest-only loan. Built in 2023, Mason Stuart features a mix of one-, two- and three-bedroom units, as well as a resort-style pool area, 24-hour fitness center with a yoga and spin room, an outdoor gathering pavilion, fenced dog park and multi-purpose walking trails.

October 9, 2025

Loans Massachusetts Multifamily Northeast Rhode Island

Walker & Dunlop Provides $356.4M Agency Refinancing of New England Multifamily Portfolio

by Taylor Williams October 9, 2025

BOSTON — Walker & Dunlop has provided a $356.4 million Freddie Mac loan for the refinancing of a portfolio of four multifamily properties totaling 1,817 units in New England. The portfolio comprises Royal Crest Marlboro, a 473-unit property located west of Boston; Royal Crest Warwick, a 492-unit community in Rhode Island; Waterford Village, a 588-unit asset located south of Boston; and Wexford Village, a 264-unit complex in Worcester. The properties were all built between 1970 and 1974. Craig West led the Walker & Dunlop team that originated the financing on behalf of the borrower, an affiliate of Harbor Group International.

October 9, 2025

Connecticut Loans Multifamily Northeast Seniors Housing

BWE Funds $35.3M Agency Permanent Loan for Seniors Housing Complex in Fairfield, Connecticut

by Taylor Williams October 9, 2025

FAIRFIELD, CONN. — Cleveland-based commercial finance firm BWE has funded a $35.3 million Freddie Mac permanent loan for Sturges Ridge of Fairfield, a 99-bed seniors housing complex located in southern coastal Connecticut. The property opened in 2018, houses 88 units and offers assisted living and memory care services. Amenities include game/activity lounges, a fitness and wellness center, private dining room, library with computer stations, full-service salons and a pet therapy program. Taylor Mokris and Ryan Stoll of BWE originated the 10-year, fixed-rate loan on behalf of the undisclosed borrower.

October 9, 2025

Acquisitions Affordable Housing Multifamily New Jersey Northeast

Kislak Negotiates $4.5M Sale of Affordable Housing Complex in Livingston, New Jersey

by Taylor Williams October 9, 2025

LIVINGSTON, N.J. — Local brokerage firm The Kislak Co. Inc. has negotiated the $4.5 million sale of Peachtree Apartments, a 51-unit affordable housing complex located in the Northern New Jersey community of Livingston. Built in 2022, Peachtree Apartments offers one-, two- and three-bedroom units. Information on specific amenities and income restrictions was not disclosed. Matt Weilheimer and Tom Scatuorchio of Kislak represented the seller, Joseph Kushner Hebrew Academy, in the deal and procured the undisclosed buyer.

October 9, 2025

Affordable Housing Colorado Loans Multifamily Western

Trailbreak Partners Receives $37.1M Refinancing for Denver Multifamily Property

by Amy Works October 9, 2025

DENVER — Trailbreak Partners has obtained $37.1 million in construction takeout financing for Ridian Apartments, a 132,000-square-foot multifamily community in Denver. Rob Bova led the JLL Capital Markets Debt Advisory team that secured the floating-rate loan through an insurance company’s debt fund for the borrower. Completed in 2025, Ridian Apartments features 123 studio, one- and two-bedroom apartments, including 12 affordable units restricted to households earning up to 80 percent of the area median income. Units feature premium finishes, including chef-inspired kitchens with quartz countertops, stainless steel appliances, custom cabinetry, in-unit washers/dryers, frameless glass shower doors and keyless entry, with select units offering private patios or balconies. Community amenities include a resort-style pool and hot tub, rooftop lounge with 360-degree mountain and city views, a fitness center and clubhouse with coworking spaces. Additionally, the property offers covered garage parking, 24-hour security monitoring and package lockers.

October 9, 2025

Affordable Housing Development Loans Midwest Multifamily Ohio

Merchants Capital Secures $35.1M in Equity Financing for Affordable Housing Adaptive Reuse Project in Columbus

by Kristin Harlow October 9, 2025

COLUMBUS, OHIO — Merchants Capital has secured $35.1 million in tax credit equity financing for Lofts at 40 Long, a project involving the adaptive reuse of a vacant YMCA building in Columbus into affordable housing. Woda Cooper Cos. Inc. and IMPACT Community Action are co-developing the property. Merchants Capital secured $18.5 million in 4 percent low-income housing tax credit (LIHTC) equity, $11.4 million in federal historic tax credits and $5.2 million in Ohio LIHTC. Ohio Housing Finance Agency allocated the federal and state housing tax credits, and the National Park Service allocated the federal historic credits. Other funding sources included the city and county, as well as agency and private sources. The project will convert a vacant YMCA building into 121 apartment units, including one studio, 72 one-bedroom units, 38 two-bedroom units and 10 three-bedroom units. The residences will be restricted to families earning between 30 and 80 percent of the area median income. The project will include the demolition of the existing boarding rooms, restroom facilities and common spaces, except for the historic areas, which will be restored according to historic requirements. Common amenities will include a basketball court and indoor play area in the former gym area, indoor …

October 9, 2025

Newer Posts

Older Posts