Tuesday, June 16, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Multifamily

The-Elbie-Long-Branch-New-Jersey
DevelopmentMultifamilyNew JerseyNortheast

Partnership Breaks Ground on 78-Unit Multifamily Project in Long Branch, New Jersey

by Taylor Williams

LONG BRANCH, N.J. — A partnership between two local companies, Downeaster Development and TANTUM Real Estate, has broken ground on The Elbie, a 78-unit multifamily project in the Northern New Jersey community of Long Branch. Designed by Rotwein + Blake Associates, the four-story building will house one- and two-bedroom units, as well as 4,000 square feet of ground-floor retail space. Amenities will include a fitness center, clubroom, game room, recording and podcast studio and outdoor grilling and dining stations. The first units are expected to be available for occupancy in late spring 2027.

Continue Reading
FacebookTwitterLinkedinEmail
Kalaco-Apts-Denver-CO
ColoradoLoansMultifamilyWestern

Opus Development Receives $67M Refinancing for Multifamily Community in Denver

by Amy Works

DENVER — Opus Development Co., along with an Ares Real Estate fund, has received a $67 million, three-year construction take-out loan from a national balance sheet lender for the refinancing of Kalaco, a 280-unit apartment property in Denver. Kristian Lichtenfels, Eric Tupler and Ellie Savage of JLL Capital Market’s Debt Advisory team secured the financing for the borrower. Delivered in August 2024, the six-story building features studio, one-, two- and three-bedroom apartments averaging 752 square feet. Units offer stainless steel appliances, luxe plank flooring, quartz countertops, walk-in closets, full-size washers and dryers, private patios and balconies. Community amenities include a 233-space parking garage, resort-style sundeck with pool and spa, fire pits and grilling stations, courtyard with lawns games, pet spa, outdoor dog run, two-level fitness center with yoga studio, coworking lounge, social lounge, game area, top-floor lounge/speakeasy, EV charging stations and bicycle storage/repair spaces. Kalaco is situated on 1.9 acres at 1010 W. Colfax Ave.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsLouisianaMultifamilySoutheast

Muss Development, Amesbury Acquire 270-Unit Apartment Community in Lake Charles, Louisiana

by John Nelson

LAKE CHARLES, LA. — Muss Development LLC and Amesbury Cos. have acquired Erdace Apartments, a 270-unit multifamily community in downtown Lake Charles. The seller and sales price were not disclosed. The co-owners assumed a HUD-insured loan as part of the acquisition and have launched a multimillion-dollar renovation of the property, which will be rebranded as The Ryan Apartments. The capital improvement program includes upgrades and redesigns of the lobby, façades, hallways and balconies. Erdace Apartments offers studio, one- and two-bedroom apartments, as well as a clubhouse, lounge, café, fitness center, business center, indoor and outdoor pavilions and a large outdoor swimming pool.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentLoansMarylandMultifamilyOfficeSoutheastStudent Housing

Bayview PACE Provides $15.7M C-PACE Financing for Student Housing Conversion Project in Baltimore

by John Nelson

BALTIMORE — Bayview PACE has closed $15.7 million in C-PACE financing for Plaza Baltimore, an adaptive reuse project located at 1 S. Calvert in downtown Baltimore. The borrower, Philadelphia-based MIRA Properties, is leading the $57 million repositioning of the former bank headquarters building into 157 Class A apartments, as well as 8,162 square feet of commercial space on the ground level. Morgan State University recently announced that it will fully lease the building and operate the property for student housing. Amenities will include a rooftop deck, resident lounge, billiards, movie room and bike storage. The design-build team includes MIRA Construction, an affiliate of MIRA Properties, and locally based SETO Architects.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsLoansMidwestMultifamilyOhioSeniors Housing

Red Oak Capital Provides $11.1M Bridge Loan for Assisted Living Community in Dayton, Ohio

by Kristin Harlow

DAYTON, OHIO — Red Oak Capital Holdings LLC has provided $11.1 million in financing for the acquisition and capital improvements of Cottages of Clayton, a 90-unit assisted living community in Dayton. The bridge loan features an 18-month initial term and a loan-to-stabilized value of 69 percent. Stratos Athanassiades of Red Oak originated the loan, which was underwritten by Thomas Gorski and administered by James Myatt. The borrower, Clayton Realco LLC, is a private investor group that owns and operates 12 senior living communities. Built in 1999, Cottages of Clayton features seven cottage-style buildings with 90 studio units. Each building contains its own kitchen, laundry facilities and resident lounge areas. Amenities include a dining room, activity room, salon and outdoor spaces.

Continue Reading
FacebookTwitterLinkedinEmail
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
Newer Posts
Older Posts