Multifamily

HPI Real Estate Breaks Ground on 396-Unit Multifamily Project in Northwest Fort Worth

by Taylor Williams November 19, 2025

FORT WORTH, TEXAS — HPI Real Estate Services & Investments has broken ground on a 396-unit multifamily project in northwest Fort Worth. The project represents Phase I of a larger development that will ultimately consist of 829 units on a 55-acre site at the southeast corner of Bonds Ranch and Blue Mound roads. Units will come in one-, two- and three-bedroom floor plans. Arch-Con Corp. is designing the project, and Blackland Partners is serving as the general contractor. The first units are expected to be available for occupancy in early 2027.

November 19, 2025

Loans Multifamily New York Northeast

Natixis Provides $260M Loan for Refinancing of Upper Manhattan Apartment Tower

by Taylor Williams November 19, 2025

NEW YORK CITY — French investment bank Natixis has provided a $260 million loan for the refinancing of AIRE, a 43-story apartment tower located at 200 W. 67th St. on Manhattan’s Upper West Side. Completed in 2010, AIRE offers studio, one-, two- and three-bedroom apartments and amenities such as a fitness center, private elevated park, event deck with a catering pavilion, children’s playroom and coworking space. AIRE also features nearly 37,000 square feet of commercial space that is predominantly leased to medical users. Lawrence Britvan and Michael Straw of CBRE arranged the floating-rate loan on behalf of the borrower, a joint between an undisclosed global investment firm and Gotham Organization.

November 19, 2025

Acquisitions Arizona Development Loans Multifamily Western

EMBREY Closes on Land, Financing for 340-Unit Multifamily Development in Phoenix

by Amy Works November 19, 2025

PHOENIX — EMBREY has closed on the land and financing for 12th & Greenway, a Class A apartment property located near North 12th Street and Greenway Parkway in Phoenix. Construction will begin immediately, with first occupancy slated for third-quarter 2027. Situated on 7 acres, the four-story, wrap-style community will feature 340 apartments, including townhomes. Units will feature open-concept layouts with 9- to 10-foot ceilings, wood-style plank flooring, quartz countertops and stainless steel appliances. Additional features will include built-in desks, keyless entry and double vanities in select units. Onsite amenities will include a heated pool and hot tub with private cabanas, an outdoor kitchen and fireplace, fitness and yoga studios, a game room, conference and micro-office spaces and a secured 24-hour package room. Outdoor features will include several courtyards, a walking trail, dog park and shaded community spaces. Frost Bank, with support from private investors, provided financing for 12th & Greenway. EMBREY’s Garrett Karam and Jimmy McCloskey led the execution of the transaction.

November 19, 2025

Acquisitions California Multifamily Western

Interstate Equities Buys 160-Unit Workforce Housing Property in San Jose, California

by Amy Works November 19, 2025

SAN JOSE, CALIF. — Interstate Equities Corp. has acquired Atrium Garden, a multifamily community located at 1536 Kerley Drive in San Jose, from an undisclosed seller for $18.4 million. The four-story property offers 160 apartments on three levels over a ground-floor podium parking structure with 63 onsite parking spaces. Residences are fully furnished with beds, bedside tables and lamps, lounge chairs, built-in desks, chairs and TVs. Community amenities include a fitness center, media rooms, multiple resident lounges, community kitchens, onsite laundry facilities and an outdoor barbecue and lounge area.

November 19, 2025

Acquisitions Multifamily Washington Western

Pine Forest Properties Sells Juniper Ridge Apartments in Bellevue, Washington for $17.5M

by Amy Works November 19, 2025

BELLEVUE, WASH. — Pine Forest Properties has completed the disposition of Juniper Ridge, a multifamily property in Bellevue, to a private investor for $17.5 million, or $397,727 per unit. Built in 1991 and renovated in 2015 and 2016, Juniper Ridge offers 44 apartments with kitchen pantries, linen closets, wood-burning fireplaces and a private deck or patio. Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller and procured the buyer in the transaction.

November 19, 2025

Acquisitions Michigan Midwest Multifamily

Berkadia Brokers Sale of 335-Site Manufactured Housing Portfolio in Michigan

by Kristin Harlow November 19, 2025

MICHIGAN — Berkadia has brokered the sale and arranged financing for the Michigan MHC Portfolio, which comprises four manufactured housing communities (MHC) with 335 sites across the state. Kevan Enger of Berkadia represented the seller, California-based Urban West Ventures. Scott Modelski of Berkadia secured acquisition financing through Barclays – Conduit on behalf of the buyer’s Chicago-based affiliate, Butler Communities. The portfolio includes Pontaluna Shores in Norton Shores, Broadway Acres in Mount Pleasant, University Mobile Estates in Whitmore Lake and Brookhaven in Comstock Park. The assets were built in 1967, 1986, 1952 and 1970, respectively.

November 19, 2025

Acquisitions Multifamily North Carolina Southeast Virginia

Newbrook Capital Purchases Two-Property Multifamily Portfolio for $58.2M

by John Nelson November 19, 2025

CHESAPEAKE, VA. AND ELIZABETH CITY, N.C. — Newbrook Capital Properties has purchased a two-property multifamily portfolio in Chesapeake and Elizabeth City for $58.2 million. The seller was not disclosed. The properties include Green Tree, a 208-unit, garden-style community located at 749 Green Tree Circle in Chesapeake, and Emerald Lake, a 132-unit, garden-style property located at 1500 Emerald Lake Circle in Elizabeth City. The properties are 1990s vintage and sit roughly 40 miles apart. The portfolio acquisition grows Newbrook Capital’s assets under management to $400 million. The firm plans to invest in value-add capital improvements and has tapped StoneCreek to manage the portfolio. Hunter Bowling and Paul Marley of Cushman & Wakefield represented the seller for Emerald Lake in the transaction, and Drew White and Carter Wood of Berkadia represented the seller for Green Tree.

November 19, 2025

Acquisitions Florida Multifamily Southeast

Berkadia Arranges Sale of 324-Unit Apartment Community in Tallahassee

by John Nelson November 19, 2025

TALLAHASSEE, FLA. — Berkadia has arranged the sale of Grove Park, a 324-unit apartment community located at 3148 Dick Wilson Blvd. in Tallahassee. The Class A community was developed in 2021 and 94 percent occupied at the time of sale. David Etchison of Berkadia represented the seller, Alabama-based TrimCor, in the transaction. Brad Williamson and Wes Moczul of Berkadia arranged acquisition financing through MF1 Capital on behalf of the buyer, Miami-based Monument Capital Management. The sales price and loan amount were not disclosed. Grove Park features one-, two- and three-bedroom layouts ranging from 1,219 to 2,120 square feet in size, including single-story duplexes with fenced yards. Amenities include a clubhouse with café bar, TV lounge, business center and rentable conference room and event space. Other amenities include a saltwater zero-entry pool and sundeck, fitness center, cedar sauna, playground and a bark park.

November 19, 2025

California Development Loans Multifamily Top Stories Western

JPI Receives Construction Financing for $150M Apartment Project in Downtown Long Beach

by Amy Works November 19, 2025

LONG BEACH, CALIF. — Multifamily developer JPI has received construction financing from Tokyo Tatemono US Ltd. and BMO Bank for Portico, a $150 million apartment project in Long Beach, a coastal city situated about 25 miles south of Los Angeles. Located at 450 The Promenade N, Portico marks the first phase of the Mosaic redevelopment project, formerly known as City Place Long Beach. Slated for delivery in 2028, Portico will feature 272 multifamily units, including studio, one-, two- and three-bedroom apartments — 16 of which will be designated as affordable housing. The development will also include 18,841 square feet of ground-floor retail space, offering direct access to the pedestrian promenade. Community amenities will include a speakeasy, rooftop deck, sports simulator, sauna and pool deck overlooking the Mosaic shopping center. Public art murals will adorn the building’s brick façade. “This project represents a key step forward in reimagining downtown Long Beach,” says Mollie Fadule, chief financial and investment officer at JPI. “With the support of Tokyo Tatemono US Ltd. and BMO Bank, we are not just building homes; we are creating a destination that blends housing, retail and culture into a thriving urban experience.” The broader 14-acre Mosaic redevelopment, led by Turnbridge …

November 19, 2025

Affordable Housing Loans Multifamily New York Northeast

Berkadia Provides $31.8M Agency Refinancing for Mixed-Income Apartment Building in The Bronx

by Taylor Williams November 18, 2025

NEW YORK CITY — Berkadia has provided a $31.8 million Freddie Mac loan for the refinancing of a 92-unit mixed-income apartment building located at 4180 Carpenter Ave. in The Bronx. The unit mix comprises nine market-rate studios and 55 market-rate one-bedroom apartments, along with one affordable studio, 23 affordable one-bedroom units and four affordable two-bedroom residences. The building, which was completed in 2024 and was 98 percent occupied at the time of the loan closing, also houses 8,000 square feet of commercial space that is occupied by Little Stars Daycare. Matt Nihan of Berkadia originated the 10-year, fixed-rate loan on behalf of the owner, New York-based owner-operator Stagg Group.

November 18, 2025

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