Multifamily

Cushman & Wakefield Arranges $95.7M in Financing for Metro Houston, Dallas Affordable Housing Portfolio

by Taylor Williams July 15, 2026

HUMBLE AND ROWLETT, TEXAS — Cushman & Wakefield has arranged $95.7 million in financing for a portfolio of two affordable housing properties totaling 626 units. Grove East is a 324-unit, garden-style property located in the northern Houston suburb of Humble, and Rowlett Station is a 302-unit midrise building located northeast of Dallas. Both properties were built in 2021 and are subject to Housing Finance Corp. (HFC) income restrictions. The financing consists of $76.2 million in senior debt provided by Benefit Street Partners and a $19.5 million mezzanine loan funded by CCL Capital. Chase Johnson and Caleb Riebe led the Cushman & Wakefield team that arranged the debt on behalf of the owner, Salt Lake City-based investment firm Sundance Bay.

July 15, 2026

Development Florida Loans Multifamily Southeast

JLL Arranges $76.8M Construction Loan for Multifamily Development in Jacksonville Beach

by John Nelson July 15, 2026

JACKSONVILLE BEACH, FLA. — JLL has arranged a $76.8 million construction loan for a 415-unit multifamily development in Jacksonville Beach. Mark West led the JLL team in arranging the four-year, floating-rate loan through Ameris Bank on behalf of the borrower, Trevato Development Group. Located along Beach Boulevard, the community will feature a mix of one-, two- and three-bedroom apartments averaging 989 square feet in size, as well as 1,800 square feet of retail space. Amenities will include multiple courtyards, a pool complex with cabanas and a sun shelf, fitness centers, coworking spaces, outdoor summer kitchens, bocce ball courts, hammock islands and a dog park with a washing station. Trevato broke ground on the property on July 1 and plans to deliver the first units by fourth-quarter 2028.

July 15, 2026

Development Georgia Southeast Student Housing

CCI Real Estate Underway on 353-Bed Student Housing Development Near University of Georgia

by John Nelson July 15, 2026

ATHENS, GA. — CCI Real Estate has begun construction on 290 Lumpkin, a 353-bed student housing development located near the University of Georgia campus in Athens. The community is being developed in partnership with the Georgia Baptist Mission Board and will include ministry space for Baptist Collegiate Ministries. The development team for the project, which is scheduled for completion in summer 2027, includes New South Construction. The eight-story community will offer 243 fully furnished units in studio, one- and two-bedroom configurations. The property will also feature a Three Tree Coffee location on the ground floor and a 356-space parking deck. Shared amenities are set to include a fitness and wellness center; landscaped courtyards; study and lounge spaces; a rooftop deck with a living garden and pool; pickleball and basketball courts; and grilling stations. Preleasing for the property will begin this fall.

July 15, 2026

Affordable Housing Development Illinois Midwest Multifamily

HODC Opens 48-Unit Permanent Supportive Housing Community in Northbrook, Illinois

by Kristin Harlow July 15, 2026

NORTHBROOK, ILL. — Nonprofit developer Housing Opportunity Development Corp. (HODC) has opened Poupard Place, a permanent supportive housing community in Northbrook. The 48-unit, four-story community at 1593 Shermer Road provides affordable housing for individuals and families living with disabilities. The development was made possible through a collaborative partnership among HODC, Illinois Housing Development Authority, Cook County, National Equity Fund, Federal Home Loan Bank of Chicago, Village Bank & Trust and many other public and private partners. The Village of Northbrook unanimously approved the project and donated the land. The project team included architect Cordogan, Clark & Associates and general contractor Skender.

July 15, 2026

Acquisitions Illinois Midwest Multifamily Retail

Greenstone Partners Negotiates $4M Sale of Apartment, Retail Building in Chicago

by Kristin Harlow July 15, 2026

CHICAGO — Greenstone Partners has negotiated the $4 million sale of a fully leased property located along Restaurant Row in Chicago’s Fulton Market neighborhood. Located at 1012 W. Randolph St., the four-story asset totals 6,500 square feet and includes a ground-floor retail space leased to Rōti Modern Mediterranean and three loft-style apartments. At the time of sale, the property was fully occupied. Danny Spitz, Tom Galvin and Brewster Hague of Greenstone represented the seller. The buyer was Los Angeles-based Foundational Real Estate.

July 15, 2026

Acquisitions California Multifamily Western

CBRE Brokers $77.5M Sale of Apartment Community in Oceanside, California

by Amy Works July 15, 2026

OCEANSIDE, CALIF. — CBRE has brokered the $77.5 million sale of Sunterra, an apartment community located just north of Carlsbad in Southern California. An undisclosed buyer acquired the asset from 29th Street Capital. Rachel Parsons, Derrek Ostrzyzek, Mike Murphy and Kenji Thomas of CBRE represented the seller, while James Flinn and Justin Fitchett of CBRE Debt and Structured Finance provided debt and finance support for the transaction. Situated on 14.2 acres, Sunterra features 240 two-bedroom apartments with detached garages. Community amenities include a resort-style pool, fitness center, landscaped courtyards and outdoor gathering spaces. Approximately 70 percent of the units have been renovated. The property was built in 1975 and is located at 3851 Sherbourne Drive.

July 15, 2026

Acquisitions Multifamily North Carolina Office Southeast Top Stories

Lincoln Acquires Spectrum, Doubling Down on Carolinas Region

by Kristin Harlow July 15, 2026

DALLAS AND CHARLOTTE, N.C. — Global real estate company Lincoln Property Co. has acquired The Spectrum Cos., a full-service real estate firm based in Charlotte. The acquisition enhances Lincoln’s platform in the Carolinas region. Johno Harris, senior executive vice president at Lincoln, and Stephen McClure, CEO of Spectrum, will be leading Lincoln’s Carolinas platform, which will now also include Spectrum’s Northern and Central Florida’s multifamily business. Since its inception in 1982, Spectrum has developed nearly 7,000 multifamily units and currently leases and manages a total of 4.4 million square feet of assets. With this new partnership and investment in the platform, the combined firm is poised to ramp up its development and acquisition pipeline across both multifamily and commercial real estate. “Our shared values are the foundation for seamless integration, and Lincoln’s full-service platform and national resources will only strengthen what we’ve already built,” says McClure. Darryl Dewberry, Spectrum’s executive chairman, will continue in his role to ensure continuity for the development and investment partnerships he has helped cultivate across the Carolinas. Lincoln says the acquisition broadens its product offerings in the region and deepens its capacity to serve clients, pursue opportunities and compete more effectively. Dallas-based Lincoln is one …

July 15, 2026

Acquisitions Multifamily Student Housing Texas

Joint Venture Buys Two Student Housing Communities Totaling 1,128 Beds Near Texas A&M University

by Taylor Williams July 14, 2026

COLLEGE STATION, TEXAS — A joint venture between Los Angeles-based PCCP LLC and Houston-based The Dinerstein Cos. has acquired two adjacent student housing communities totaling 1,128 beds near the Texas A&M University campus in College Station. The properties — formerly dubbed 2818 Apartments and Parkway Place — have been combined and rebranded as one asset, Sterling College Station. The new community offers 350 garden- and cottage-style units in one-, two- and four-bedroom configurations. Shared amenities include a pool, fitness center, business center, with a cybercafé, private study rooms, basketball and beach volleyball courts, outdoor grilling stations and a clubhouse with a community kitchen, game lounge and pool tables.

July 14, 2026

Acquisitions Multifamily Texas

Haven Housing Acquires 309-Unit Apartment Community in Kyle, Texas

by Taylor Williams July 14, 2026

KYLE, TEXAS — California-based investment firm Haven Housing has acquired Hays Park Apartments, a 309-unit apartment community located south of Austin in Kyle. The garden-style property sits on 14.9 acres and features a mix of one- and two-bedroom units with an average size of 807 square feet. Amenities include a clubhouse, two pools, fitness center with yoga studios and a business center. Kevin Dufour, Matt Pohl, Spencer Roy and Forrest Bass of Walker and Dunlop brokered the sale of the property. The seller and sales price were not disclosed.

July 14, 2026

Loans Multifamily Texas

Northmarq Arranges Refinancing of 199-Unit Apartment Complex in Corpus Christi

by Taylor Williams July 14, 2026

CORPUS CHRISTI, TEXAS — Northmarq has arranged a loan of an undisclosed amount for the refinancing of the 199-unit Wood River Apartments in Corpus Christi. Built in 1983, Wood River Apartments offers one-, two- and three-bedroom units across 17 two-story buildings, as well as a pool and pet facilities. Cheryl Higley and Ryan Shoars led the Northmarq team that arranged the nonrecourse loan, which carried a five-year term and a fixed interest rate. The direct lender and borrower were not disclosed.

July 14, 2026

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