Multifamily

JLL Arranges $154.2M Loan for Refinancing of Long Island Apartment Community

by Taylor Williams November 5, 2026

AMITYVILLE, N.Y. — JLL has arranged a $154.2 million loan for the refinancing of Greybarn Amityville, a 335-unit apartment community located on Long Island’s South Shore. Developed in phases between 2016 and 2020, Greybarn Amityville comprises 269 market-rate units and 66 workforce housing units in one- and two-bedroom floor plans. Amenities include a pool, fitness center, private workspaces, resident lounge and a community garden, and the community also houses 37,737 square feet of ground-floor retail space that is home to tenants such as Starbucks and True North Urgent Care. Peter Rotchford, Andrew Scandalios and Clayton Ross of JLL arranged the loan through Los Angeles-based PCCP on behalf of the owner, Rechler Equity Partners.

November 5, 2026

Acquisitions Multifamily North Carolina Southeast

Comstock Agrees to Purchase 672-Unit Ascher Apartment Towers in Uptown Charlotte

by John Nelson November 5, 2026

CHARLOTTE, N.C. — Comstock Holding Cos. has entered into a purchase agreement to acquire The Ascher, a 672-unit apartment property in Uptown Charlotte. The current owner and sales price were not released. Built in 2016, The Ascher comprises two 24-story towers housing studio, one-, two- and three-bedroom apartments. Amenities include 13,000 square feet of ground-floor retail space, a controlled-access parking garage with 900 spaces and a shared rooftop courtyard on the sixth level with pickleball courts, a fenced dog park, putting green, grilling area and café seating. Each tower also features its own clubhouse, rooftop pool, sky terrace and fitness center. Under the purchase agreement, Comstock and an unnamed institutional partner have completed transaction due diligence for The Ascher and entered into an expense sharing agreement, with each party covering transaction expenses on a pari passu basis (i.e. equal footing).

November 5, 2026

Acquisitions Multifamily Washington Western

Timberlane Partners Purchases Canopy Apartments in Everett, Washington for $82.7M

by Amy Works November 5, 2026

EVERETT, WASH. — Seattle-based Timberlane Partners, in partnership with New York-based EOS Residential Investors, has purchased Canopy Apartments, a multifamily community located at 923 112th St. S.W. in Everett, for $82.7 million. The name of the seller was not released. Canopy is the sixth acquisition through Timberlane Acquisition Fund II and follows the firm’s $37 million purchase of Vista Ridge Apartments in Issaquah, Wash., in August. Built in two phases in 1989 and 1991, Canopy includes 20 residential buildings and two clubhouses across approximately 15.9 acres. The community’s 336 residences include 91 one-bedroom, 169 two-bedroom and 76 three-bedroom units, with an average size of 878 square feet. Of the residences, 245 units have been fully renovated with improvements including luxury vinyl plank flooring, quartz countertops, tile backsplashes, stainless steel appliances and new cabinetry. Additionally, another 90 units have received renovated kitchens. Community amenities include a renovated resort-style swimming pool, fitness center, community lounge and kitchen, a game room, outdoor gathering areas and a dog park. Avenue5 Residential will handle property management services for the asset. Timberlane will focus on staffing, leasing and operating efficiencies.

November 5, 2026

Acquisitions Multifamily Utah Western

Veritas Investments, Refound Residential Acquire Three Multifamily Properties in Utah

by Amy Works November 5, 2026

SALT CITY LAKE AND OGDEN, UTAH — Veritas Investments, alongside Refound Residential as capital partner, has purchased three mid-rise multifamily properties in Ogden and Salt Lake City. Terms of the transactions were not released. Northmarq’s Rawley Nielsen and Mark Jensen represented the sellers in all three transactions. Totaling 257 units, the properties include:

November 5, 2026

Development Illinois Midwest Multifamily

R2 Cos., Lagfin Complete Office-to-Residential Conversion Project in Chicago

by Kristin Harlow November 5, 2026

CHICAGO — R2 Cos. and Lagfin, the building’s owner, have completed development of the office-to-residential conversion at 79 W. Monroe in downtown Chicago’s Loop. Ware Malcomb’s Chicago office provided architecture and interior design services for the renovation of the historic 14-story building, which included transforming seven upper floors of vacant office space into 76 market-rate and 41 affordable housing units. Built in 1905 and historically known as the Rector Building, the masonry high-rise is the oldest surviving commercial structure by Chicago architect Jarvis Hunt. The project marks the first completed under the city’s LaSalle Street Reimagined initiative. The new residential floors offer a mix of studio, one- and two-bedroom units. Rooftop amenities include an indoor tenant lounge, a fitness center and outdoor areas. Leopardo Cos. and GMA Construction Group were the general contractors.

November 5, 2026

Acquisitions Illinois Midwest Multifamily

JLL Arranges $25M Sale of FourNorth Apartments in Metro Chicago

by Kristin Harlow November 5, 2026

ARLINGTON HEIGHTS, ILL. — JLL Capital Markets has arranged the $25 million sale of FourNorth Apartments, a 76-unit boutique community in Arlington Heights. Completed in 2024, the property offers studio, one- and two-bedroom floor plans averaging 796 square feet. Amenities include a fitness center, resident lounge area, entertainment space, rooftop terrace and onsite management office. The five-story, pet-friendly building is 95 percent occupied. Bill Baumann, David Gaines and Sam Grohe of JLL represented the seller, Benchmark Developers. A private investor was the buyer.

November 5, 2026

Content Partner Features Midwest Multifamily Northeast Southeast Texas Western

Berkadia Partners with NYU Stern for Third Annual Multifamily Investment Case Competition

by Sarah Daniels November 5, 2026

Berkadia recently partnered with the Chen Institute for Global Real Estate Finance at NYU Stern School of Business for the third annual Multifamily Investment Case Competition, held October 15–16. The competition brought together graduate student teams from leading business schools across the country to explore how technology can enhance investment returns in the multifamily sector. Participants were challenged to develop strategies at the intersection of apartment operations, technology and innovation financing — areas that do not often converge in traditional business school curricula. “Berkadia was honored to partner with NYU Stern for the third year in a row, highlighting our commitment to supporting young professionals and future leaders in real estate,” said Justin Wheeler, Berkadia’s CEO. “Engaging with eager, thoughtful participants and judges with deep expertise in the multifamily industry was both exciting and inspiring. This event was made possible by the dedication of university teams, fellow judges and NYU’s sustained support.” This year’s competition included teams from NYU Stern, Columbia Business School, UCLA Anderson, the University of Wisconsin–Madison’s School of Business, the University of Florida Warrington College of Business and the University of Texas at Austin McCombs School of Business. An accomplished group of industry leaders served as judges, …

November 5, 2026

Development Loans Multifamily New York Northeast Office

Northwind Group Provides $231M Construction Loan for Office-to-Residential Conversion Project in Manhattan

by Taylor Williams November 4, 2026

NEW YORK CITY — Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager, has provided a $231 million construction loan for an office-to-residential conversion project in Manhattan. The borrower is joint venture between Metro Loft Management and David Werner Real Estate Investments, and the building in question is 675 Third Avenue, a 32-story, 337,000-square-foot tower in the Midtown East submarket. The conversion could add as many as 450 new apartments to the local supply, inclusive of a 25 percent affordable housing component. The joint venture, which acquired the building last spring, has tapped Gensler and Collaborative Construction Management as project partners. A construction timeline was not announced.

November 4, 2026

Affordable Housing Development Loans Maryland Multifamily Southeast

McCormack Baron Salazar, Baltimore City Secure Financing for $398M Affordable Housing Redevelopment

by John Nelson November 4, 2026

BALTIMORE — McCormack Baron Salazar, an affordable housing developer and operator based in St. Louis, and the Housing Authority of Baltimore City have closed on financing for the next 150 apartments at Perkins Square, advancing the $398 million redevelopment of the former Perkins Homes in East Baltimore. Phases 5A and 5B, representing approximately $87 million in development costs, will include 111 income-restricted and 39 market-rate units. The first three phases of Perkins Square included 411 mixed-income units delivered between 2024 and 2025, while the 154-unit fourth phase is under construction with completion slated for 2027. Perkins Square is replacing Perkins Homes, a 629-unit public housing community built in 1942. Demolition began in 2021 as part of Baltimore’s broader Perkins-Somerset-Oldtown Transformation Plan, a 244-acre redevelopment backed by HUD Choice Neighborhoods funding that is replacing the former public housing while adding mixed-income residences, infrastructure, parks and a new school. Phase 5A will include 60 apartments with a total development cost of approximately $41.6 million. Phase 5B, with 90 apartments, carries a cost of approximately $45.7 million. Tenants in 67 of the planned 150 apartments will receive rental assistance through the Housing Choice Voucher Program, formerly known as Section 8, as part of …

November 4, 2026

Acquisitions Mississippi Southeast Student Housing

Joint Venture Purchases 962-Bed Student Housing Community Near Mississippi State University

by John Nelson November 4, 2026

STARKVILLE, MISS. — A joint venture between an affiliate of Monument Square Investment Group and funds managed by an undisclosed investment management firm has purchased The Social Block and Townhomes, a 962-bed student housing community located near the Mississippi State University campus in Starkville. The property offers 385 units in two- and four-bedroom apartment and townhome configurations. Shared amenities include a resort-style pool, 24-hour fitness center, business lounge, green space and grilling stations. The seller and terms of the transaction were not released.

November 4, 2026

Newer Posts

Older Posts