Multifamily

Weston Urban Completes 290-Unit Multifamily Project in Downtown San Antonio

by Taylor Williams May 11, 2026

SAN ANTONIO — Local developer Weston Urban has completed The Continental Residences, a 290-unit multifamily project in downtown San Antonio. Designed by BKV Group and built by Rogers-O’Brien Construction, the 16-story building features studio, one- and two-bedroom apartments, as well as two-story townhomes. A sixth-floor amenity suite is home to a clubroom, coworking space, an indoor-outdoor fitness center and an outdoor pool deck with lounge areas and an outdoor kitchen. Residents also have access to a rooftop lounge. Kairoi Residential is the property manager. Rents start at $1,700 per month for a studio apartment.

May 11, 2026

Affordable Housing Development Multifamily Northeast Pennsylvania

Partnership Breaks Ground on Phase I of Affordable Housing Redevelopment Project in West Philadelphia

by Taylor Williams May 11, 2026

PHILADELPHIA — A partnership between LMXD, which is an affiliate of New York City-based developer L+M Development Partners, MSquared and the Philadelphia Housing Authority has broken ground on the first phase of the redevelopment of Westpark Apartments. The 12-acre affordable housing complex is located on the city’s west side. Phase I will include the construction of a new midrise building with 145 units, 58 of which will be reserved for existing residents and 73 of which will be reserved for incoming households earning between 20 and 80 percent of the area median income (AMI). The new building will also have 1,300 square feet of retail space. Phase I will also involve the rehabilitation of an existing, 141-unit building, 39 of which will be earmarked for existing residences and 76 of which will be earmarked for new households earning between 20 and 80 percent of AMI. Lastly, the development team will construct 41 new units at the southern edge of the campus, all of which will be dedicated first to returning Westpark residents and affordable to households earning up to 50 percent of AMI. Phase I is slated for a 2028 completion.

May 11, 2026

Acquisitions Multifamily New York Northeast

Marcus & Millichap Brokers $7.7M Sale of Lower Manhattan Apartment Building

by Taylor Williams May 11, 2026

NEW YORK CITY — Marcus & Millichap has brokered the $7.7 million sale of a 15-unit apartment building in Manhattan’s Lower East Side. The newly renovated building at 259 E. Broadway exclusively offers two-bedroom units, seven of which are subject to income restrictions, and includes a ground-floor commercial space. Joe Koicim, Logan Markley and Matt Berger of Marcus & Millichap represented the seller, R.A. Cohen & Associates, in the transaction and procured the buyer, a private out-of-state investor.

May 11, 2026

Arizona Development Multifamily Seniors Housing Western

Investcor to Develop 117-Unit Seniors Housing Community Near Phoenix

by Amy Works May 11, 2026

QUEEN CREEK, ARIZ. — Investcor has announced plans for Mojave Sage, a new luxury seniors housing community to be located in Queen Creek, roughly 40 miles southeast of Phoenix. Komo Architecture is designing the project, and KBE Building Corp. will serve as the general contractor. Construction is expected to be underway by June. Upon completion, Mojave Sage will total 117 assisted living and memory care units. Amenities at the community will include a full-service beauty salon, fitness and wellness center, movie room, gathering areas, private courtyards, outdoor spaces, gardening programs, a dog park and onsite store.

May 11, 2026

Florida Loans Multifamily Southeast

Dwight Capital Provides $130M HUD-Insured Refinancing for North Miami Apartment Community

by Abby Cox May 11, 2026

NORTH MIAMI, FLA. — Dwight Capital has provided a $130 million HUD 223(f) loan for the refinancing of The Gardens Residences, a 358-unity luxury apartment building located in downtown North Miami. Keith Hoffman and Aaron Kirshtein of Dwight Capital originated the 35-year, fixed-rate loan on behalf of the borrowers, Sebastien Scemla, John Lago and Shawn Chemtov of Omega Real Estate Management Group. The loan proceeds will be used to retire an existing Dwight Mortgage Trust bridge loan, return equity to the borrower and provide a fully amortizing mortgage. This transaction marks the largest HUD loan ever closed in the state and the largest multifamily loan approved by HUD’s Southeast regional office, according to Dwight Capital. Completed in 2024, the nine-story apartment complex houses studio, one-, two- and three-bedroom units that are reserved for renters earning between 80 and 120 percent of the area median income (AMI). The Gardens Residences features a mix of amenities including a swimming pool and spa, fitness center, yoga lawn, pet spa, grilling area and lounges.

May 11, 2026

Acquisitions Multifamily Southeast Virginia

Berkadia Arranges Sale of 280-Unit Apartment Community in Virginia’s Hampton Roads Region

by Abby Cox May 11, 2026

CHESAPEAKE, VA. — Berkadia has arranged the sale of Allure at Edinburgh, a newly delivered, 280-unit apartment community located in the Hampton Roads city of Chesapeake. Drew White, Carter Wood, Matt Straughan and Cole Carns of Berkadia represented the seller, Virginia Beach-based Venture Realty Group, in the transaction. Irvine, Calif.-based Passco Co. purchased the property for an undisclosed price. Arlington Properties will manage Allure at Edinburgh, which was delivered in two phases across 2024 and 2025 and consists of three four-story residential buildings. The community offers a mix of one-, two- and three-bedroom floorplans with an average unit size of 973 square feet. Amenities include a saltwater resort-style swimming pool with a sundeck and splash pad, a clubhouse with a cybercafé, multiple resident lounges, a fitness center with yoga and children’s activity rooms, as well as a golf simulator, arcade, video game lounge, screening and media rooms, makers space, photography room, massage and meditation rooms and private conference rooms. Additional amenities include outdoor lounge areas, grilling stations, courtyards, an outdoor gaming park, bike storage, a dog park and pet spa, community-wide Wi-Fi and electric vehicle charging stations.

May 11, 2026

Acquisitions Illinois Midwest Multifamily

Joint Venture Acquires 340-Unit Apartment Community in Plainfield, Illinois

by Kristin Harlow May 11, 2026

PLAINFIELD, ILL. — JVM Realty Corp. has entered into a joint venture partnership with DRA Advisors to acquire Enclave at 127th, a 340-unit multifamily community in Plainfield. Built in 2013, the property offers a mix of studio, one-, two- and three-bedroom units. The partnership plans to complete apartment unit renovations and amenity enhancements. Enclave at 127th has been part of JVM’s portfolio since 2014, and partnering with DRA will enable the firm to enhance the resident experience through strategic capital improvement, says Jay Madary, president and CEO of JVM.

May 11, 2026

Acquisitions Midwest Minnesota Multifamily

Marcus & Millichap Brokers $5.1M Sale of Falcon View Apartments Near St. Paul

by Kristin Harlow May 11, 2026

FALCON HEIGHTS, MINN. — Marcus & Millichap has brokered the $5.1 million sale of Falcon View Apartments, a 36-unit multifamily property in Falcon Heights near the University of Minnesota’s St. Paul campus. Built in 1968, the asset consists of two 18-unit buildings with a mix of floor plans totaling 36,768 rentable square feet. Michael Jacobs, Abe Roberts and Tommy Hartwell of Marcus & Millichap represented the seller, a local ownership group. The property sold to a 1031 exchange buyer.

May 11, 2026

Development Multifamily Texas

Woodfield Development Begins Leasing 360-Unit Apartment Community in San Marcos, Texas

by Taylor Williams May 8, 2026

SAN MARCOS, TEXAS — Charleston, S.C.-based Woodfield Development has begun leasing Strait & Nelson, a 360-unit apartment community in San Marcos, located roughly midway between Austin and San Antonio. Strait & Nelson offers one-, two-, and three-bedroom units that range in size from 719 to 1,387 square feet. Residences feature stainless steel appliances, quartz countertops and wood-style vinyl flooring. Amenities include a pool, clubroom with an entertainment kitchen, fitness center with dedicated yoga space, coworking lounge with private offices and conference rooms, pickleball and sand volleyball courts, a gaming lounge, private dining room and two dog parks. Dwell Design Studio was the project architect, and ChalkLine General Contractors handled construction. Rents start at roughly $1,300 per month for a one-bedroom apartment.

May 8, 2026

Colorado Loans Multifamily Western

Walker & Dunlop Arranges $68.2M Refinancing for Multifamily Property in Arapahoe County, Colorado

by Amy Works May 8, 2026

ARAPAHOE COUNTY, COLO. — Walker & Dunlop has secured a $68.2 million loan for the refinancing of Madison at Copperleaf, a 330-unit multifamily community in unincorporated Arapahoe County. Dustin Stolly, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland, Sean Reimer, Michael Ianno, Christopher de Raet and Jason Schwartzberg of Walker & Dunlop Capital Markets Institutional Advisory, along with Justin Nelson and P.J. Feichtmeier of Walker & Dunlop Capital Markets Real Estate Finance, arranged the three-year, floating-rate bridge loan for the borrowers, BMC Investments and Rockpoint. Prime Finance provided the loan. Located at 22500 E. Radcliff Circle, Madison at Copperleaf features one-, two- and three-bedroom layouts. Community amenities include a clubhouse with coworking spaces, a resort-style pool and spa, fitness and yoga studios, a sauna, children’s playroom, dog park and pet spa, EV charging and outdoor gathering areas.

May 8, 2026

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