Multifamily

Blackfin, Enterprise to Acquire Apartment Community in South Nashville for $26M

by John Nelson September 22, 2026

NASHVILLE, TENN. — Blackfin Real Estate Investors LLC and Enterprise Community Partners plan to acquire Brookridge Apartments, a 177-unit community located at 100 Brookridge Trail in Nashville. The seller and sales price were not disclosed. Enterprise is acquiring its equity stake in the venture via its Enterprise Preservation Fund VI. Situated on the city’s south side, Brookridge Apartments is a garden-style property that was delivered in 1986 and comprises primarily two-bedroom apartments with units averaging 1,023 square feet in size.

September 22, 2026

Loans Multifamily New York Northeast

New Empire Receives $75M in Construction Financing for Brooklyn Multifamily Project

by Taylor Williams September 22, 2026

NEW YORK CITY — Locally based developer New Empire has received $75 million in construction financing for a new multifamily project that will be located in Brooklyn’s Flatbush neighborhood. The financing consists of a $58 million senior loan from Madison Realty Capital and a $17 million mezzanine loan from Naftali Credit Partners. Designed by Morali Architects with interiors by Paris Forino, the project at 757 Flatbush Ave. will be a nine-story building with 131 residences and 3,348 square feet of commercial space. Units will come in studio, one-, two- and three-bedroom units. Details on the amenity package were not disclosed.

September 22, 2026

Acquisitions Connecticut Multifamily Northeast

JLL Negotiates $27M Sale of Apartment Complex in Haddam, Connecticut

by Taylor Williams September 22, 2026

HADDAM, CONN. — JLL has negotiated the $27 million sale of Blueway Commons, an 88-unit apartment complex in Haddam, located in Middlesex County. Blueway Commons was built on 6.5 acres between 2023 and 2025. The property features one- and two-bedroom units, 10 of which are workforce housing residences, with an average size of 967 square feet that are housed across five two-story buildings. Amenities include a clubhouse with a coffee bar, fitness center and an outdoor kitchen with a pergola. Jon Bryant, John Flaherty and Steve Simonelli of JLL represented the seller, Elm Tree Communities, in the transaction. The buyer was RAK Realty.

September 22, 2026

Affordable Housing Development Multifamily New Jersey Northeast

Walters Completes 72-Unit Affordable Housing Project in Hainesport, New Jersey

by Taylor Williams September 22, 2026

HAINESPORT, N.J. — New Jersey-based developer Walters has completed a 72-unit affordable housing project in Hainesport, located outside of Philadelphia in Southern New Jersey. Cornerstone at Hainesport consists of six buildings that house one-, two- and three-bedroom units that are reserved for households earning 60 percent or less of the area median income. Amenities include a basketball court, children’s play area and a clubhouse with computer workstations. Construction began in early 2025.

September 22, 2026

Acquisitions Colorado Multifamily Western

FPA Multifamily Acquires 237-Unit, Three-Building Apartment Portfolio in Denver

by Amy Works September 22, 2026

DENVER — California-based FPA Multifamily has purchased a three-building, 237-unit multifamily portfolio in Denver from 2580 South University Co. LLC, 2550 South University Co. and 2512 South University Co. for an undisclosed price. Justin Hunt and Andy Hellman of CBRE represented the sellers and original owners of the properties in the deal. The portfolio includes: The sellers recently renovated about a dozen units across the portfolio. The units include air conditioning, dishwashers and oversized private balconies. The buildings share an amenity package, including a clubhouse, pool, sauna, community kitchen, billiards, ping pong table and parking garages. Additionally, Tabor House offers a fitness center and Heritage House and Post House offer steam rooms.

September 22, 2026

Acquisitions California Multifamily Western

Marcus & Millichap Arranges $8.6M Sale of Tremont Street Apartments on California’s Santa Catalina Island

by Amy Works September 22, 2026

AVALON, CALIF. — Marcus & Millichap has arranged the sale of Tremont Street Apartments, a 62-unit affordable housing property in Avalon, the only incorporated city on Santa Catalina Island. The asset sold for approximately $8.6 million. The seller was a limited partnership known as Black Rose Catalina, and the buyer was Newport Beach, Calif.-based Tailwind Investment Group. Arteen Zahiri and Tony Azzi, both members of the Azzi Group in Marcus & Millichap’s Los Angeles office, represented the seller and procured the buyer. Built in 1983, the apartment community operates under a Section 8 Housing Assistance Payments (HAP) contract and is subject to a ground lease with the Santa Catalina Island Co. through 2053. The property is expected to continue operating as an affordable housing community under its existing HAP contract and long-term ground lease. The Santa Catalina Island Co. is a private, for-profit hospitality and real estate group that owns major tourism operations, commercial properties and land on Catalina Island.

September 22, 2026

Acquisitions California Multifamily Seniors Housing Western

Affinius Capital, Alliance Residential Dispose of 545-Unit Seniors Housing Portfolio in Northern California

by Amy Works September 21, 2026

ROSEVILLE AND SAN JOSE, CALIF. — A joint venture between Affinius Capital and Alliance Residential has sold a two-property seniors housing portfolio totaling 545 units in Northern California. The portfolio includes Sonrisa Senior Living in Roseville and The Watermark at Almaden in San Jose. Sonrisa Senior Living comprises 201 independent living units, 120 assisted living units and 24 memory care units across two buildings that were constructed in 2021 and 2023. The Watermark at Almaden, which features 200 independent living, assisted living and memory care units, opened in 2021. Amenities at the communities include outdoor pools, fitness centers, salons and spas, theaters and bocce ball and pickleball courts. Aaron Rosenzweig, Dan Baker and Sandis Seale of JLL Capital Markets arranged the transaction on behalf of the seller. A publicly traded REIT acquired the properties for an undisclosed price. According to a statement released by JLL, the transaction represents one of the largest seniors housing portfolio sales in Northern California in recent years.

September 21, 2026

Acquisitions California Multifamily Western

Tesseract Capital Sells Apartment Property in Modesto, California for $26.6M

by Amy Works September 21, 2026

MODESTO, CALIF. — San Francisco-based Tesseract Capital Group has completed the sale of The Marc at 1600 in Modesto to an undisclosed family office for $26.6 million. Located at 1600 Standiford Ave., The Marc at 1600 features 100 one- and two-bedroom apartments with an average size of 798 square feet. Otto Ozen, Brian Nakamura and Nazli Santana of The Mogharebi Group represented the seller in the deal.

September 21, 2026

Colorado Development Multifamily Western

Livmark, Hillside to Develop 185-Unit Multifamily Community in Longmont, Colorado

by Amy Works September 21, 2026

LONGMONT, COLO. — Livmark Communities and Hillside Commercial Group have started construction of Fielder at Fox Hill, an apartment and townhome property adjacent to Fox Hill Country Club golf course in Longmont. Landmark Construction Solutions is serving as general contractor and Greystar will manage the completed property. Construction activities began in June with initial site work and infrastructure improvements. Slated for completion in fall 2027, Fielder at Fox Hill will feature 185 units, including townhomes with private yards and two-car garages, across 11 two- and three-story buildings. Community amenities will include a clubhouse, an indoor and outdoor fitness space, a pool and hot tub with cabanas, outdoor fire pits, bike racks and a repair station, a rentable kitchen and game area, coworking space, a sauna, dog wash, pocket parks and pergola areas, electric vehicle chargers in every garage and secure package lockers.

September 21, 2026

Development Multifamily Texas

OHT Partners Breaks Ground on 360-Unit Multifamily Project in West Houston

by Taylor Williams September 21, 2026

HOUSTON — Austin-based developer OHT Partners has broken ground on Park Row, a 360-unit multifamily project in West Houston. The 14-acre site at 14192 Park Row Blvd. is located in the Energy Corridor, and the development will feature one- and two-bedroom units that will range in size from 702 to 1,257 square feet. Amenities will include a pool, clubhouse, fitness room, coworking space, communal kitchen, package lockers, a dog park, pickleball court and outdoor grilling and dining stations. Meeks + Partners is the project architect, and OHT’s in-house team is serving as the general contractor. A tentative completion date was not announced.

September 21, 2026

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