Multifamily

Bascom Group Sells 424-Unit Apartment Community in Frisco

by Taylor Williams February 12, 2026

FRISCO, TEXAS — California-based investment firm Bascom Group has sold Capitol at Stonebriar, a 424-unit apartment community in Frisco. Developed in 2017 by JPI and acquired by Bascom Group shortly thereafter, Capitol at Stonebriar features one-, two- and three-bedroom units that are furnished with granite/quartz countertops, espresso cabinetry, kitchen islands and individual washers and dryers. Private balconies are available in select residences. Amenities include a pool, fitness center, business center, coffee bar, dog park, outdoor grilling and dining stations, clubroom and an indoor-outdoor lounge. Brian Murphy, Brian O’Boyle Jr. and Richard Furr of Newmark represented Bascom Group in the transaction. David Schwarz, also with Newmark, arranged acquisition financing on behalf of the undisclosed buyer. The property was 91 percent occupied at the time of sale.

February 12, 2026

Affordable Housing Development Life Sciences Multifamily New York Northeast Seniors Housing

Partnership Unveils Plans for 600-Unit Affordable Housing Project in Upper Manhattan

by Taylor Williams February 12, 2026

NEW YORK CITY — A partnership between Slate Property Group, Xenolith Partners, nonprofit organization Comunilife Inc. and the New York City Department of Housing Preservation and Development (HPD) has unveiled plans for a 600-unit affordable housing project in the Inwood area of Upper Manhattan. Designed by Magnusson Architecture and Planning PC and known as La Ostra, the development will also include a marine science and STEM education center that will be operated by the Billion Oyster Project and BioBus. La Ostra will also feature a new indoor–outdoor field house, social services facilities and roughly an acre of publicly accessible, open waterfront space along the Harlem River. Proposed facilities beyond the residential component include an outdoor classroom, a pavilion with a seating area and movable furniture, a central lawn and a stone amphitheater. Information on floor plans and income restrictions of the affordable housing units was not announced.

February 12, 2026

Development Multifamily New Jersey Northeast

LeCesse, MAS Break Ground on 258-Unit Multifamily Project in Elizabeth, New Jersey

by Taylor Williams February 12, 2026

ELIZABETH, N.J. — A partnership between Florida-based LeCesse Development Corp. and New Jersey-based MAS Development Group has broken ground on ECCO, a 258-unit multifamily project in Elizabeth, located just outside of Newark. The four-story building will offer studio, one- and two-bedroom units that will be furnished with Italian cabinetry, quartz countertops, tile backsplashes, walk-in closets and various pieces of smart-home technology. Amenities will include a pool, fitness center, coworking space, golf simulator, outdoor theater and a game room with a wet bar. ECCO will also have about 35,000 square feet of retail space. Baker Barrios is the project architect, and March Associates Construction is the general contractor. Completion is slated for late 2027.

February 12, 2026

Affordable Housing Development Multifamily Northeast Pennsylvania

Beacon Communities Begins Affordable Housing Redevelopment Project in Downtown Pittsburgh

by Taylor Williams February 12, 2026

PITTSBURGH — Nonprofit owner-operator Beacon Communities has begun an affordable housing redevelopment project in downtown Pittsburgh. The project involves The May Building, 12-story structure at 111 Fifth Ave. that was originally completed in 1908 for the May Drug Co. The building was converted from office to an 87-unit apartment complex with studio and one-bedroom units in 1974. This latest redevelopment will convert 66 of those residences into affordable housing and also upgrade the building’s exterior elements, mechanical/utility systems and common spaces.

February 12, 2026

Acquisitions Multifamily Washington Western

Integral NW Sells Allegro Lynnwood Multifamily Property in Washington for $77.5M

by Amy Works February 12, 2026

LYNNWOOD, WASH. — Integral NW has completed the disposition of Allegro Lynnwood, an apartment community located at 16525-16605 Ash Way in Lynnwood. The Housing Authority of Snohomish County acquired the asset for $77.5 million. Bryon Rosen, Tim McKay, Dan Chhan, Matt Kemper, Jacob Odegard, Dylan Roeter, David Karson and Chris Moyer of Cushman & Wakefield represented the seller and procured the buyer in the transaction. Allegro Lynnwood features 240 studio, one- and two-bedroom apartments delivered in two phases — Allegro Ash Creek in 2019 and Allegro at The Woods in 2025. Community amenities include a resort-style outdoor pool and spa, a fitness center, resident clubhouse with social and work-from-home spaces, a dog park, secure underground parking and lofted ceilings in select homes.

February 12, 2026

Colorado Development Multifamily Western

Livmark Communities, Kensington Development Commence Residential Phase of Link 56 in Denver

by Amy Works February 12, 2026

DENVER — Livmark Communities and Kensington Development have started the construction of Stellar at Link 56, the first residential phase of Link 56, a master-planned, mixed-use project in Denver’s northeast corridor. Situated within a 15 to 20-minute walk from the 61st & Peña light rail station, Stellar at Link 56 will feature 215 apartments spread across 13 buildings. The unit mix will include two- and three-bedroom garden-style, walk-up apartments and two-story carriage house-style townhomes. Community amenities will include a resort-style pool and hot tub, a fitness room, yoga studio, sauna, golf simulator, outdoor grilling areas, fire pits and a dog spa. At full build-out, Link 56 will feature 1,900 residential units, 250,000 square feet of commercial space and 27 acres of parks and open space.

February 12, 2026

Acquisitions Illinois Midwest Multifamily

Greystone Provides Financing for $110M Multifamily Acquisition in Suburban Chicago

by Kristin Harlow February 12, 2026

CREST HILL, ILL. — Greystone has provided an $89.2 million first loan and a $5.6 million second loan to finance the acquisition of Woodlands of Crest Hill, a 730-unit multifamily property in Crest Hill. Eric Rosenstock of Greystone originated the loan on behalf of the buyer, Bayshore Properties. The financing includes an $89.2 million nonrecourse, fixed-rate Fannie Mae loan with a 10-year term and 30-year amortization as well as five years of interest-only payments. The second is a nonrecourse, fixed-rate DUS Lender Affiliate mezzanine loan with a 10-year term and full-term interest-only payments. Built in 1969, the property features studio, one- and two-bedroom units along with a clubhouse, fitness center, business center, pool and outdoor volleyball courts. The sales price is about 16 percent more than what Osso Capital paid for the complex in 2023, according to Crain’s Chicago Business.

February 12, 2026

Acquisitions Midwest Missouri Multifamily

LouMin Holdings Buys 57-Unit Townhome Community in St. Charles, Missouri

by Kristin Harlow February 12, 2026

ST. CHARLES, MO. — LouMin Holdings has acquired Springwell Village, a 57-unit single-family and townhome rental community in the St. Louis suburb of St. Charles. Springwell Village features two- and three-bedroom floor plans. Select homes include basements and there is a combination of attached and detached garages. Amenities include a walking trail, covered community pavilion with barbecue area and pet-friendly outdoor spaces. Capital Eleven Management will assume day-to-day operations.

February 12, 2026

Development Hospitality Loans Mixed-Use Multifamily Southeast Tennessee Walker & Dunlop

Walker & Dunlop Arranges $371.5M in Development Financing for The Nashville Edition Hotel & Residences

by John Nelson February 11, 2026

NASHVILLE, TENN. — Walker & Dunlop Inc. has arranged $371.5 million in development financing for The Nashville Edition Hotel & Residences, a luxury mixed-use property that will be located in the heart of Nashville’s Gulch neighborhood. Positioned at 11th Avenue and Grundy Street, The Nashville Edition will comprise a 28-story tower with 261 hotel rooms and 84 for-sale residences. The project will include chef-led restaurant and bar concepts, multiple floors of amenity spaces and fully separate hotel and residential lobbies and gyms. Shared amenity offerings will include a spa, golf simulator, 8,300 square feet of combined ballroom and pre-function space, conference rooms and a rooftop pool and bar. Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Ari Hirt and Michael Ianno of Walker & Dunlop’s capital markets team collaborated with Jay Morrow, Carter Gradwell and Jack Hughes of the firm’s hospitality team to arrange the financing through Madison Realty Capital and KSL Capital Partners. The borrower was Tidal Real Estate Partners, which is developing The Nashville Edition Hotel & Residences in collaboration with Left Lane Development and Marriott International. Tidal has obtained a total of $400 million in construction financing for the development.

February 11, 2026

Acquisitions Multifamily Texas

Fogelman Properties Buys 301-Unit Apartment Community in Katy, Texas

by Taylor Williams February 11, 2026

KATY, TEXAS — Memphis-based investment firm Fogelman Properties has purchased Inkwell Greenhouse, a 301-unit apartment community located in the western Houston suburb of Katy. Built in 2018 by metro Atlanta-based Davis Development, the property offers one-, two- and three-bedroom units and amenities such as a pool, outdoor pavilion area, clubhouse, fitness center and pet spa/dog park. According to Apartments.com, residences range in size from 661 to 1,461 square feet. Inkwell Greenhouse was 91 percent occupied at the time of sale. Fogelman plans to implement a value-add program. The seller was not disclosed, but the property was formerly known as Cortland Inkwell Greenhouse.

February 11, 2026

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