Multifamily

PCCP Provides $92.5M Construction Loan for Multifamily Development in Orlando

by John Nelson April 16, 2026

ORLANDO, FLA. — PCCP LLC has provided a $92.5 million construction loan for Emi on 50, a 336-unit apartment development located at 1840 E. Colonial Drive in Orlando’s Mills 50 neighborhood. The borrower is Terian Development. Set for completion in second-quarter 2028, the nine-story community will offer studio, one-, two- and three-bedroom units averaging 895 square feet in size, with 20 apartments designed as live/work units and 15 planned as two-story townhomes. Amenities will include a fitness center, speakeasy and a café, as well as a rooftop deck with a pickleball court, pool, grilling stations and a Zen garden.

April 16, 2026

Acquisitions Multifamily Texas

Pardue Sells 428-Unit Multifamily Portfolio in Greenville, Texas

by Taylor Williams April 16, 2026

GREENVILLE, TEXAS — Pardue Cos., a Texas-based multifamily investment firm, has sold a portfolio of three multifamily properties totaling 428 units in Greenville, about 50 miles northeast of Dallas. The Ridge Apartments is a 112-unit complex that was built in 1985. Highland Terrace totals 172 units and was completed in 1978. Stone Ridge Apartments is a 144-unit property that was constructed between 1968 and 1983. All three are two-story, garden-style properties with pools and onsite laundry facilities. Taylor Hill, Michael Ware, Drew Kile, Joey Tumminello and Jack Windham of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented Pardue Cos. in the transaction. The buyer and sales price were not disclosed.

April 16, 2026

Acquisitions Multifamily Texas

Presidium Acquires 186-Unit Apartment Complex in Houston’s Heights District

by Taylor Williams April 16, 2026

HOUSTON — Texas-based investment firm Presidium has acquired Whitney at The Heights, a 186-unit apartment complex located just outside of downtown Houston. Built in 2001, Whitney at The Heights offers one-, two- and three-bedroom units that range in size from 666 to 1,320 square feet. Residences are furnished with stainless steel appliances, individual washers and dryers and private entrances/patios. Amenities include a pool, resident clubhouse, fitness center, business center, dog park and outdoor grilling areas with TVs. The seller and sales price were not disclosed. Presidium plans to implement a value-add program that will initially target common areas and amenity spaces.

April 16, 2026

California Loans Multifamily Western

Dwight Capital Provides $23M HUD-Insured Loan for Refinancing of California Multifamily Property

by Amy Works April 16, 2026

HANFORD, CALIF. — Dwight Capital has closed a $23 million HUD 223(f) refinance loan for Berkshire Crossing, a multifamily community in Hanford. Keith Hoffman and Aaron Kirshtein of Dwight Capital originated the transaction on behalf of the borrowers, Fresno Supreme and Santa Lucia Ventures. The loan proceeds will be used to refinance existing debt on the property, provide the borrower with cash-out and 35-year fully amortizing, fixed-rate financing. Completed in 2022, Berkshire Crossing offers 92 garden-style one-, two- and three-bedroom floor plans spread across four residential buildings. Units feature stainless steel appliances, ceiling fans, walk-in closets and private patios and balconies. Community amenities include a swimming pool, spa, fitness center, package lockers and a community clubhouse.

April 16, 2026

Acquisitions Development Multifamily Washington Western

Great Expectations SPC Acquires 102-Unit Multifamily Development Site in Puyallup, Washington

by Amy Works April 16, 2026

PUYALLUP, WASH. — Great Expectations SPC has purchased Addison Grove, a multifamily development site at 17753 78th Ave. East in Puyallup. Terms of the transaction were not disclosed. Dylan Simon, JD Fuller and Elijah Piper of Kidder Mathews’ Simon | Anderson multifamily team represented the undisclosed seller and procured the buyer in the deal. Addison Grove is a shovel-ready opportunity planned for 102 apartments. The property’s location will serve the area’s employment base, which includes industrial and logistics tenants, healthcare facilities and proximity to Joint Base Lewis-McChord. Great Expectations is a social purpose corporation with a focus on delivering affordable housing targeted to families within the local community. Social purpose corporations are for-profit entities designed to pursue profit and specific social and environmental issues.

April 16, 2026

Development Multifamily Nevada Seniors Housing Western

Kisco Senior Living Plans New Community in Las Vegas

by Amy Works April 16, 2026

LAS VEGAS — Kisco Senior Living has announced plans to develop a new seniors housing property in Summerlin, a master-planned community located in Las Vegas. Upon completion, the property will feature independent living, assisted living and memory care units. “Summerlin is one of the most compelling senior living markets in the country, and frankly, one of the most underserved when it comes to truly elevated options,” said Andy Kohlberg, president and CEO of Kisco Senior Living, in a statement. “We’re building something that reflects how today’s older adults want to live: beautifully designed spaces, exceptional food, genuine hospitality and the security of knowing care is available if and when they need it — all on a simple rental basis with no buy-in required.” Additional details will be disclosed as planning advances.

April 16, 2026

Loans Multifamily New York Northeast

DMT Provides $67.5M Bridge Loan for Refinancing of Upstate New York Multifamily Property

by Taylor Williams April 16, 2026

SARATOGA SPRINGS, N.Y. — Dwight Mortgage Trust (DMT), the affiliate REIT of New York City-based Dwight Capital, has provided a $67.5 million bridge loan for the refinancing of Elements at Saratoga Lake, a 260-unit multifamily property in upstate New York. Completed in 2024, the property comprises 26 residential buildings that house 172 one-bedroom and 88 two-bedroom units, as well as a clubhouse building. Amenities include an indoor-outdoor pool, golf simulator, pickleball court and a fitness center with a yoga studio. David Scheer and Alex Izso of Dwight originated the debt on behalf of the borrower, Blue Iron Development.

April 16, 2026

Acquisitions Illinois Midwest Multifamily

Marquette Cos. Acquires 236-Unit Apartment Community in Lake Bluff, Illinois

by Kristin Harlow April 16, 2026

LAKE BLUFF, ILL. — Marquette Cos. has acquired Forest Pointe, a 236-unit apartment community in Lake Bluff within Chicago’s North Shore. Marquette Management will serve as property manager for the community at 29533 N. Waukegan Road. Forest Pointe features seven three-story buildings with a clubhouse and leasing center at the hub of the property. Marquette will undertake renovations to unit interiors to update finishes and appliances throughout, and the amenity offerings will be enhanced with a new grilling area, seating area with a fire pit and pergola, dog park and updates to the fitness center.

April 16, 2026

Development Multifamily Texas

OHT Partners Breaks Ground on 396-Unit Multifamily Project in West Houston

by Taylor Williams April 15, 2026

HOUSTON — Austin-based developer OHT Partners has broken ground on a 396-unit multifamily project in West Houston. The site spans 13.1 acres at 19615 Park Row Blvd., and the development, which has yet to be named, will offer one- and two-bedroom units that will range in size from 702 to 1,256 square feet. Residences will be furnished with quartz countertops, brass hardware and various pieces of smart-home technology. Select units will have private yards. Amenities will include two pools, a coworking area, fitness center, clubroom with a kitchen, package lockers, an artificial turf game lawn, dog park, pickleball court and outdoor grilling and dining stations. Meeks + Partners is the project architect, and OHT Partners’ in-house general contracting team is handling construction. Completion is slated for late 2027.

April 15, 2026

Development Hospitality Multifamily Texas

Hunt Capital, City of Brownsville Complete Affordable Housing Adaptive Reuse Project

by Taylor Williams April 15, 2026

BROWNSVILLE, TEXAS — A partnership between Hunt Capital Partners and the Housing Authority of the City of Brownsville, located in South Texas, has completed an affordable housing adaptive reuse project. The project converted the historic eight-story El Jardin Hotel, which first opened in 1927 and has been vacant for the past 40 years, into a 44-unit complex with one-, two- and three-bedroom units. Information on income restrictions was not disclosed. The Federal Home Loan Bank of Dallas provided a $1.1 million Affordable Housing Program grant to help finance the project.

April 15, 2026

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