Multifamily

Partnership Acquires 358-Unit Apartment Community in Arlington

by Taylor Williams October 22, 2026

ARLINGTON, TEXAS — A partnership between Los Angeles-based lender and investment firm PCCP and owner-operator RPM Living Investments has acquired a 358-unit apartment community in Arlington. Truman at Arlington Commons is a four-story building that was built in 2021 and offers studio, one-, two- and three-bedroom units that range in size from 576 to 1,594 square feet. Amenities include a pool, dog park, fitness center, private event space, dining lounge, indoor and outdoor gaming areas, and grilling and dining stations. The building also houses 4,900 square feet of retail space that is leased to a coffee shop.

October 22, 2026

Acquisitions Massachusetts Multifamily Northeast

Marcus & Millichap Negotiates $4.9M Sale of Boston Apartment Portfolio

by Taylor Williams October 22, 2026

BOSTON — Marcus & Millichap has negotiated the $4.9 million sale of the Delhi Street Portfolio, a trio of apartment buildings totaling 18 units in Boston’s Mattapan area. The buildings were constructed in 1930 and house three one-bedroom units and 15 two-bedroom units. Evan Griffith and Tony Pepdjonovic of Marcus & Millichap represented the seller, a local partnership, in the transaction. The buyer was not disclosed.

October 22, 2026

Acquisitions Multifamily Southeast Virginia

Hamilton Zanze Sells 196-Unit Apartment Community in Virgina Beach

by John Nelson October 22, 2026

VIRGINIA BEACH, VA. — San Francisco-based Hamilton Zanze has sold Indigo 19, a 196-unit, garden-style apartment community located at 1940 Pavilion Drive in Virginia Beach. The buyer and sales price were not disclosed. Built in 2013, Indigo 19 features one-, two- and three-bedroom apartments averaging 931 square feet in size, as well as a resort-style pool, two-story clubhouse, business center and bicycle storage. Hamilton Zanze sponsored the acquisition of the property in 2020 and invested in exterior, interior and systems upgrades during its ownership period.

October 22, 2026

Acquisitions California Multifamily Western

Partnership Buys Museum Park Apartments in San Jose, California for $53.1M

by Amy Works October 22, 2026

SAN JOSE, CALIF. — A partnership between an affiliate of Oberndorf Real Estate Management (OBREM) and The Bascom Group has acquired Museum Park Apartments, a Class B+ multifamily property located at 465 W. San Carlos in San Jose, for $53.1 million. The name of the seller was not released. Built in 2002 on 3 acres, the three-story garden-style community features 12 buildings offering a total of 117 one-, two- and three-bedroom apartments with in-unit washers/dryers. Additionally, most units feature attached private garages with just over half providing direct access to the homes. Community amenities include 130 parking spaces, including garages, a fitness center, green space, barbecue areas and a dog park. The new ownership group plans to renovate the property by modernizing kitchens, bathrooms and common areas. Apartment Management Consultants will manage the community.

October 22, 2026

Development Indiana Midwest Multifamily

Thompson Thrift Breaks Ground on 273-Unit Luxury Multifamily Community in Fishers, Indiana

by Kristin Harlow October 22, 2026

FISHERS, IND. — Thompson Thrift has broken ground on The Crossing Lofts at Fishers District, a 273-unit luxury multifamily community in the Indianapolis suburb of Fishers. First residents are expected to move in January 2028. The project is situated within The Crossing at Fishers District, the southern portion of Thompson Thrift’s Fishers District master plan and home to the 7,500-seat Fishers Event Center. The four-story community will include 10,000 square feet of ground-floor commercial space and attached structured parking. The Crossing Lofts will offer studio, one- and two-bedroom units with up to 1,440 square feet of space. Amenities will include a heated pool, fitness center, courtyards, a pet spa, social hub, coffee bar, focus suites, resident conference space and a “Minnow Pod,” a temperature-controlled food delivery station designed to keep restaurant and grocery deliveries fresh for residents. Upon completion, The Crossing at Fishers District will include more than 75,000 square feet of retail, restaurant and entertainment space, a 125-room hotel and nearly 500 multifamily units. Thompson Thrift first began work on Fishers District in 2015. Once complete, the $750 million, 123-acre development will include five distinct projects offering multifamily and townhome residences, hotels, office space, dining, shopping and entertainment, all …

October 22, 2026

Affordable Housing Development Midwest Multifamily North Dakota

Annex Group Unveils Plans to Build 262-Unit Affordable Housing Property in Fargo

by Kristin Harlow October 22, 2026

FARGO, N.D. — The Annex Group has unveiled plans to build Central at the Horizon, a 262-unit affordable housing property in Fargo. The units will be designated for households earning up to 60 percent of the area median income. The project will consist of four stories of residential units above a one-story parking garage. Amenities will include a community center, fitness center, business center, play area and picnic area. Partners on the project include BVH Architecture, Summit LIHTC Consulting, MBN Engineering, Braun Intertec and Impact Housing Indiana Corp. The City of Fargo and The State of North Dakota Department of Commerce approved Renaissance Zone tax abatements for the development. The North Dakota Housing Finance Agency (NDHFA) provided $3 million though the state’s Housing Incentive Fund program. WNC provided $38 million in total equity, while Citi Community Capital provided ore than $36 million in permanent debt financing as well as $66 million in construction financing. NDHFA issued 4 percent tax credits and $47.5 million in tax-exempt multifamily housing bonds. The project, slated to open in summer 2028, marks Annex’s first community in North Dakota.

October 22, 2026

Acquisitions Multifamily Texas

IPA Arranges Sale of 288-Unit Apartment Complex in Red Oak, Texas

by Taylor Williams October 20, 2026

RED OAK, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Ovilla at Legacy Square, a 288-unit apartment complex in Red Oak, a southern suburb of Dallas. Built on 18 acres in 2023, Ovilla at Legacy Square offers one-, two- and three-bedroom units that range in size from 600 to 1,351 square feet. Amenities include a pool, clubhouse, outdoor grilling and dining stations and a dog park. Michael Ware, Joey Tumminello, Drew Kile and Taylor Hill of IPA represented the seller, a partnership between Thompson Realty Capital and Trez Capital, in the transaction. The quartet also procured the buyer, Fogelman Properties, which plans to make capital improvements to the complex.

October 20, 2026

Development Multifamily New Hampshire Northeast Restaurant

Partnership Completes Multifamily Project, Public Park in Dover, New Hampshire

by Taylor Williams October 20, 2026

DOVER, N.H. — A partnership between Boston-based developer Cathartes and the City of Dover, located near the Maine-New Hampshire border, has completed a multifamily project and public park in the city’s waterfront district., The Truette is a 220-unit apartment complex that features studio, one-, two- and three-bedroom units, as well as 2,200-square-foot townhomes. Amenities include a rooftop terrace, coworking spaces, fitness areas and pet-friendly facilities, as well as an onsite restaurant. The 3.5-acre Nebi Park features art installations and a 2,300-square-foot pavilion and green space for public events

October 20, 2026

Affordable Housing Development Illinois Midwest Mixed-Use Multifamily

Habitat, Cabrera Capital Break Ground on LeClaire Courts Mixed-Use Redevelopment in Chicago

by Kristin Harlow October 20, 2026

CHICAGO — Habitat and Cabrera Capital, in partnership with the Chicago Housing Authority (CHA), have broken ground on the first residential phase of the redevelopment of the LeClaire Courts public housing community, which was completed in the 1950s and demolished in 2011. Replacing a 32-acre site in Chicago’s Garfield Ridge community, the multi-phase project will ultimately include up to 700 residential units, approximately 440,000 square feet of commercial space and publicly accessible open space. The first phase includes two six-story buildings comprising 183 apartments offered in a mix of studio, one-, two- and three-bedroom floor plans. Ninety percent of the homes will be designated as affordable through income and rent restrictions supported by public financing for qualifying low- and moderate-income residents, while the remaining units will be offered at market rate. Funding sources for the $119 million first phase include a $27 million capital loan from CHA, $9.5 million in city multifamily program funds, $5.5 million in tax-increment financing, $33.7 million in Low-Income Housing Tax Credit equity, $1.3 million in Illinois Affordable Housing Tax Credit equity and a $1.2 million deferred developer fee. The financing structure brings together the CHA, the city, Bank of America and other mission-driven investment partners. …

October 20, 2026

California Loans Multifamily Western

PCCP Provides $41M Refinancing for Multifamily Community in San Diego

by Amy Works October 20, 2026

SAN DIEGO — PCCP has provided a $41 million senior loan to refinance Tenney North Park, a 125-unit apartment building at 2260 El Cajon Blvd. in San Diego’s North Park submarket. The loan was provided on behalf of ownership and developer, Foulger-Pratt, and refinanced an existing construction loan. Built in 2025, Tenney North Park is an eight-story property featuring 115 market-rate units and 10 affordable units, with studio, one- and two-bedroom floor plans averaging 727 square feet. Additionally, the community features 3,116 square feet of ground-floor retail space and three levels of parking totaling 146 spaces. Unit interiors feature stainless steel appliances, walk-in showers, full-size washers/dryers, wood-style flooring and floor-to-ceiling glass, with select units offering built-in desk areas and private balconies. Community amenities include multiple clubhouses with coworking spaces, a rooftop lounge and deck, swimming pool, indoor and outdoor fitness areas, social courtyards, a pet spa with dog wash stations and an outdoor entertainment area with a fireplace and barbecues. Additionally, the property features electric vehicle charging stations.

October 20, 2026

Newer Posts

Older Posts