Monday, June 15, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Multifamily

Morton-Porter-Roads-Katy
AcquisitionsDevelopmentMultifamilyRetailTexas

NewQuest Acquires Land for 334-Unit Apartment Community, Retail Center in Katy, Texas

by Taylor Williams

KATY, TEXAS — NewQuest has acquired land in the western Houston suburb of Katy for the development of a 334-unit apartment community and retail center. Of the 18.5 acres that the local developer purchased at the southwest corner of Morton and Porter roads, 11.8 will be dedicated to the development of the multifamily component, while the remainder will house the retail component. Designed by Meeks + Partners and developed by Pelican Builders, the apartments will come in one-, two- and three-bedroom floor plans and will have an average size of 865 square feet. Amenities will include a pool and multiple courtyards. The project’s retail component will comprise a 10,860-square-foot, multi-tenant building and five pad sites. Construction is expected to begin early next year.

Continue Reading
FacebookTwitterLinkedinEmail
ARIUM-at-Greenwich-Place
AcquisitionsConnecticutMultifamilyNortheast

Partnership Buys Two Multifamily Properties in Greenwich, Connecticut for $356M

by Taylor Williams

GREENWICH, CONN. — A partnership between two local developers, RMR Residential and LCOR, as well as Chicago-based investment firm Heitman, has purchased two multifamily properties totaling 406 units in the southern coastal Connecticut city of Greenwich. The sales price was $356 million. ARIUM at Greenwich Oaks is a 30-acre, garden-style property that features 134 two-and three-bedroom units and amenities such as a pool, basketball and pickleball courts and a playground. ARIUM at Greenwich Place offers 272 one-, two- and three-bedroom units with private outdoor patios and balconies. The seller was undisclosed. The new ownership plans to make capital improvements to both properties.

Continue Reading
FacebookTwitterLinkedinEmail
The-Somerset-at-Montgomery
LoansMultifamilyNew JerseyNortheast

CBRE Arranges $31M Permanent Loan for Central New Jersey Apartment Complex

by Taylor Williams

MONTGOMERY TOWNSHIP, N.J. — CBRE has arranged a $31 million permanent loan for The Somerset at Montgomery, a 115-unit apartment complex in Central New Jersey. Completed in 2024, the two-building complex houses 92 market-rate units and 23 affordable apartments that are furnished with in-unit washers and dryers and private balconies. Amenities include a fitness center, business center and outdoor grilling and dining stations. Matthew Pizzolato, Josh Stein, Jason Gaccione, Shawn Rosenthal and Jake Salkovitz of CBRE arranged the loan through New York Life on behalf of the developer, County Classics.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMidwestMultifamilyOhio

CASTO Opens 235-Unit Westrich Apartment Community in Columbus, Ohio

by Kristin Harlow

COLUMBUS, OHIO — CASTO, in partnership with Columbus Metropolitan Housing Authority, The Weiler Co., The Kelley Family and Mark Cain, have opened Westrich, a 235-unit apartment community in the Franklinton neighborhood of Columbus. Oakwood Management Co. is the property manager. The five-story development includes 5,806 square feet of ground-floor retail space on Rich Street. Floor plans come in studio, one- and two-bedroom layouts. Amenities include a pool, fitness studio, resident lounge, pet spa and bike storage.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestMultifamilyWisconsin

Marcus & Millichap Brokers Sale of 160-Unit Multifamily Property in Kenosha, Wisconsin

by Kristin Harlow

KENOSHA, WIS. — Marcus & Millichap has brokered the sale of Orchard Courts Apartments, a 160-unit multifamily property in Kenosha. The community is situated on 32 acres, approximately 20 of which are available for potential future development. Positioned adjacent to the University of Wisconsin-Parkside, the property offers a mix of studio, one- and two-bedroom units totaling 91,144 rentable square feet. Built in 1965 and 1967, the asset has received more than $1.1 million in capital improvements completed over the past 24 months, including upgrades to boilers, windows, sliding glass doors and roofs. Jake Lenti, Ryan Engle and Andrean Angelov of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors.

Continue Reading
FacebookTwitterLinkedinEmail
crescendo-exterior
DevelopmentFloridaLoansMultifamilySoutheast

13th Floor, Barings Receive $134M Construction Loan for Final Residential Tower at Link at Douglas in Miami

by Abby Cox

MIAMI — A partnership between 13th Floor Investments and Barings has received a $134 million construction loan for the development of Crescendo, the fourth and final residential tower located within the Link at Douglas mixed-use project in Miami. Santander Bank, TD Bank and First Horizon Bank provided financing. The first phase of Link at Douglas, which opened in 2023, included the 312-unit Core and 421-unit Cascade residential buildings, along with more than 30,000 square feet of retail space anchored by Milam’s Market. The project’s third residential tower, known as Cadence, is slated for completion in 2028 and will feature 432 apartments. With the addition of the 392-unit Crescendo in 2029, Link at Douglas will comprise approximately 1,500 residential units across four buildings. 13th Floor and Barings first broke ground on Link at Douglas in 2019. 13th Floor has multiple projects underway in South Florida, including Link at Boca in Boca Raton and Link at SoMi in South Miami.

Continue Reading
FacebookTwitterLinkedinEmail
The-Perry
AcquisitionsMarylandMultifamilySoutheast

Sentinel Acquires 297-Unit Luxury Apartment Community Near D.C.

by Abby Cox

POTOMAC, MD. — Sentinel Real Estate has acquired The Perry, a 297-unit, luxury apartment community located in Potomac, approximately 10 miles northwest of downtown Washington, D.C. The seller requested anonymity, and the sales price was also not disclosed. Completed in 2016, The Perry spans two buildings and offers one-, two- and three-bedroom floorplans ranging in size from 767 to 1,127 square feet, according to Apartments.com. Amenities at the complex include a swimming pool with a sun deck, an outdoor entertainment space with dining and grilling areas, a clubroom with a catering kitchen, fitness center, Zen garden, private conference room, business center, entertainment lounge, fenced dog park, dog grooming spa and 8,610 square feet of ground-floor retail space.

Continue Reading
FacebookTwitterLinkedinEmail
The owners who will come through the process successfully, are the ones who are proactive, realistic, and have a clear plan, whether they are refinancing, selling or bringing in a capital partner. — Ann Atkinson, Managing Director of Real Estate Capital Markets, Regions Bank
Content PartnerLoansMultifamilyRegions Real Estate Capital Markets

The Wave is Here: What Multifamily Loan Maturities Mean for Owners, Lenders & Brokers in 2026

by Jaime Lackey

The mass of multifamily loan maturities that has peaked over the past few years remains elevated and is destined to impact the industry in 2026. Coupled with current elevated interest rates, and what accompanies them, these loans pose challenges to owners faced with the need to refinance. These hurdles are proving too difficult for some owners who secured their current property loans during the record low-interest rate period several years ago and who are now over-levered. While the maturity wall did subside a bit in 2025, that doesn’t mean the 2026 volume of maturities isn’t sizable. According to the Mortgage Bankers Association 2025 Commercial Real Estate Survey of Loan Maturity Volumes, 13 percent of mortgages backed by multifamily properties will mature in 2026 — a wave that will inarguably lead to a surge in transaction activity, whether successful refinances or forced sales. How We Got Here Interest rates in the United States reached an all-time record low during the 2020 – 2021 period. Many apartment owners capitalized on the inexpensive cost of debt and financed their properties for extremely low rates. However, in the years since, the country has battled serious bouts of inflation which, in turn, have caused the …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMultifamilySeniors HousingTexas

Harbert South Bay Breaks Ground on 162-Unit Seniors Housing Project in Dallas

by Taylor Williams

DALLAS — Harbert South Bay has broken ground on The Marianne on Inwood, a 162-unit seniors housing project in Dallas. The site is adjacent to the Highland Park area, and the 294,000-square-foot facility will offer independent living, assisted living and memory care residences. Amenities will include multiple dining venues, indoor and outdoor pools, a gym, hair salon, media lounge and a golf simulator. Project partners include Arcadis (architect), Bozzuto Construction (general contractor) and Momentum Senior Living (operator). Completion is scheduled for 2027.

Continue Reading
FacebookTwitterLinkedinEmail
55-N-La-Cienega-Blvd-Beverly-Hills-CA
CaliforniaDevelopmentLoansMixed-UseMultifamilyRetailWestern

MMCC Arranges $85M in Construction Financing for Beverly Hills Mixed-Use Project

by Amy Works

BEVERLY HILLS, CALIF. — Marcus & Millichap Capital Corp. (MMCC) has arranged $85 million in construction financing for the development of a 297,771-square-foot mixed-use property at 55 N. La Cienega Blvd. in Beverly Hills. Sharone Sabar of MMCC arranged the financing on behalf of a private investor through a national banking institution. The four-year construction loan was structured at 65 percent loan-to-cost. The six-story property will features 140 multifamily residences and 13,303 square feet of ground-floor retail space. The project will include a three-level subterranean parking structure with 177 spaces, extensive community gathering areas, a restaurant and bar, a coffee shop, recreation lounge, theater, wet and dry saunas, conference facilities, private workspaces and a communal kitchen, as well as a rooftop deck with a resort-style pool. Eleven units will be designated for low-income households and an additional 11 units for moderate-income households.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts