Multifamily

Sunbelt Investment Holdings to Develop 363-Unit Multifamily Community in Phoenix

by Amy Works March 9, 2026

PHOENIX — Sunbelt Investment Holdings (SIHI) has commenced development of Sanctuair Deer Valley, a Class A multifamily development on 18 acres at the northwest corner of 19th Avenue and West Grandview in Phoenix. Sanctuair Deer Valley will feature two- and three-story residential buildings offering a total of 363 one-, two- and three-bedroom apartments, as well as townhomes ranging from 737 square feet to 1,802 square feet. Onsite amenities will include a resort-style pool with a spa and cold plunge, a large fitness center, yoga lawn, pickleball courts, a pedestrian walking trail, golf simulator, an outdoor putting green, music room, hammock garden and meditation room. Additionally, the community will offer a citrus orchard, resident garden, game lawn, enclosed bike storage, a tot-lot for kids and two dog parks with dog wash areas. CCBG Architects designed the project, and MT Builders is serving as general contractor. Greystar will manage the asset upon completion. The clubhouse, fitness center and first units are slated for delivery in third-quarter 2027.

March 9, 2026

Acquisitions Multifamily Southeast Tennessee

Fogelman, Thackeray Purchase 200-Unit Apartment Complex in Germantown, Tennessee

by Abby Cox March 9, 2026

GERMANTOWN, TENN. — A joint venture between locally based Fogelman Properties and Dallas-based Thackeray Partners has acquired The Vineyards, a 200-unit luxury apartment complex located in Germantown, roughly 21 miles southeast of Memphis. The seller and sales price were not disclosed. This transaction marks the 18th acquisition for the Fogelman-Thackeray partnership, which comprises more than 4,000 units. Built in 1997, The Vineyards offers one-, two- and three-bedroom apartments ranging in size from 778 to 1,661 square feet, according to Apartments.com. Amenities at the property include a fitness center, business center, clubhouse, swimming pool, picnic area and onsite maintenance, as well as walking and biking trails. Fogelman plans to renovate unit interiors, build a new pickleball court and enhance the clubhouse, fitness center, grilling pavilion and pool areas. The property, which was 93 percent occupied at the time of sale, is managed by Fogelman.

March 9, 2026

Development Illinois Loans Midwest Multifamily

Associated Bank Provides $7.6M Construction Loan for Chicago Apartment Building

by Kristin Harlow March 9, 2026

CHICAGO — Associated Bank has provided a $7.6 million construction loan for a five-story, 40-unit apartment building located at 4725 N. Clifton Ave. in Chicago. CEDARst Cos. is developing the transit-oriented project, which is named Clifton Uptown. Located in the heart of the Uptown Square Historic District, the property will feature 12 studio units, 28 one-bedroom units and 1,839 square feet of ground-floor retail space. The site is adjacent to the CTA Red Line Lawrence Station that is in the final stages of a $2.1 billion Red and Purple Line modernization project. Daniel Barrins of Associated Bank managed the loan arrangements and closing.

March 9, 2026

Loans Multifamily New York Northeast

Joint Venture Receives $111M Loan for Refinancing of Queens Apartment Building

by Taylor Williams March 9, 2026

NEW YORK CITY — American Lions, which is a joint venture between locally based developers Fetner Properties and Lions Group, has received a $111 million bridge loan for the refinancing of The Bold, a 164-unit apartment building in Queens. Designed by SLCE Architects, the 28-story building is located at 2701 Jackson Ave. in the borough’s Long Island City area and includes 50 affordable housing residences. Units come in studio, one-, two- and three-bedroom floor plans. The amenity package consists of a coworking lounge, gym with a climbing wall, party room with a bar and kitchen, clubhouse lounge, media room and a golf simulator room. Christopher Peck, Nicco Lupo, Michael Shmuely, Alex Staikos and Adam Dietrich of JLL arranged the loan through PGIM Real Estate.

March 9, 2026

Development Features Industrial Midwest Multifamily Northeast Office Retail Southeast Texas Webinar Western

Webinar: Flood Zones & FEMA Compliance — How Developers Avoid Delays, Cut Insurance Costs & Increase Property Value

by Sarah Daniels March 9, 2026

The March 2 France Media webinar “Flood Zones & FEMA Compliance — How Developers Avoid Delays, Cut Insurance Costs & Increase Property Value,” hosted by France Media and sponsored by National Flood Experts, examined how flood zones and evolving regulatory requirements are shaping development and financing outlooks. Flood risk is often treated as a late-stage compliance issue, but it can influence site design, permitting timelines, construction costs (and cost expectations) and long-term insurance expenses. Flood maps established by federal and local authorities define development constraints such as base flood elevations and floodways. Because these maps are updated slowly and regulations vary by municipality, developers frequently encounter unexpected complications during permitting, including the need for additional engineering studies, modeling requirements and extended approval timelines. The webinar panelists emphasized ways that developers can mitigate these risks by approaching flood zones strategically and incorporating flood analysis earlier in the development lifecycle. Early collaboration can identify opportunities to cut costs and avoid delays. Watch this brief webinar to learn about common problems caused by flood zones, changes in regulatory needs and practical pathways to help reduce or eliminate flood zone requirements (to increase the value of properties). Panelists: Webinar sponsor: The webinar is sponsored …

March 9, 2026

Affordable Housing Colorado Development Multifamily Seniors Housing Western

Pennrose Breaks Ground on 50-Unit Affordable Housing Community in Superior, Colorado

by Amy Works March 6, 2026

SUPERIOR, COLO. — Pennrose has broken ground on Kite Route Crossing, a 50-unit affordable multifamily property for residents age 55 and older in downtown Superior. Slated to open in summer 2027, the asset will be the first income- and rent-restricted residential community in the town. Kite Route Crossing will offer 44 one-bedroom and six two-bedroom units available at 30 percent to 70 percent of the area median income. Apartments will include modern kitchens with hard-surface counters, Energy Star appliances, luxury vinyl flooring, bedrooms with walk-in closets, storage closets and Juliet balconies in select units. Community amenities will include covered parking and ground-floor amenity space, including onsite property management and maintenance, a community room, an open-concept lobby, activity room, indoor bike storage, pet washing station, package room and a fitness center. The $26.3 million development is financed by federal and state housing tax credits allocated by the Colorado Housing and Finance Authority and purchased by Hudson Housing Capital and JP Morgan Chase. JP Morgan Chase provided a senior construction loan and Berkadia provided a permanent loan. The Colorado State Division of Housing, Department of Local Affairs, Boulder County, the Town of Superior and the Community Foundation of Boulder County all provided financial …

March 6, 2026

Development Loans Multifamily Oregon Seniors Housing Western

Gantry Secures $12M Construction-to-Permanent Loan for Assisted Living Project in Oregon

by Amy Works March 6, 2026

WOODBURN, ORE. — Gantry has secured a $12 million construction-to-permanent loan for the development of an assisted living facility in Woodburn. Charlie Kokernak and Tim Brown of Gantry arranged the 10-year, fixed-rate loan for the borrower, an affiliate of Benicia Senior Living. An Oregon-based credit union provided the loan, which includes interest-only payments for the first three years followed by a 25-year amortization. Located at 1000 Country Club Road NE, the community will feature 46 units, totaling 51 beds. The property is adjacent to Heartwood Place Memory Care, which is also owned and managed by Benecia Senior Living.

March 6, 2026

Acquisitions Multifamily Seniors Housing Washington Western

SLIB Arranges Sale of 42-Unit Seniors Housing Property in Washington

by Amy Works March 6, 2026

CASHMERE, WASH. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a seniors housing community located in Cashmere in central Washington. Situated on roughly 1.5 acres, the community comprises 42 units. A regional owner-operator seeking to expand its footprint in the state acquired the property for an undisclosed price. The seller was a local owner-operator exiting the industry. Jason Punzel, Vince Viverito, Jake Anderson and Taylor Graham of SLIB brokered the transaction.

March 6, 2026

Acquisitions Multifamily Texas

Eastham Capital Sells 200-Unit Veranda Apartments in Texas City, Texas

by Taylor Williams March 6, 2026

TEXAS CITY, TEXAS — Florida-based real estate private equity firm Eastham Capital has sold Veranda, a 200-unit apartment complex in Texas City, a southeastern suburb of Houston. Veranda offers one-, two- and three-bedroom units that are furnished with stainless steel appliances, granite countertops and individual washers and dryers. Amenities include a pool, fitness center, clubhouse, basketball court and a movie theater. Eastham acquired the property in 2018 in a joint venture with Mosaic Residential and subsequently implemented capital improvements. The buyer and sales price were not disclosed. Veranda was 95 percent occupied at the time of sale.

March 6, 2026

Development Loans Multifamily New York Northeast Office

Largo Capital Arranges $76M in Financing for Office-to-Residential Conversion in Lower Manhattan

by Taylor Williams March 6, 2026

NEW YORK CITY — Largo Capital, a financial intermediary based in upstate New York, has arranged $76 million in construction-to-permanent financing for an office-to-residential conversion project in Lower Manhattan. The project will redevelop the historic, 21-story office building at 2 Wall St. into a 211-unit apartment complex. Jack Phillips of Largo Capital structured the debt. The direct lender was not disclosed. The borrower was also not disclosed, but the building is listed on the website of local landlord George Comfort & Sons.

March 6, 2026

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