Multifamily Archives - REBusinessOnline

Moody National Begins Construction on 346-Unit Multifamily Project in West Houston

John Nelson — Fri, 20 Mar 2026 15:41:41 +0000

HOUSTON — Locally based firm Moody National Development has broken ground on Silo Springs, a 346-unit multifamily project in West Houston that represents Phase I of a larger development. The 17-acre site is located at the northeast quadrant of I-10 and the Beltway, and the five-story building will offer one-, two- and three-bedroom units. Amenities will include a clubroom, fitness center, game lounge, business center, pool, courtyard, outdoor grilling and dining stations and a pet park. Architecture firm PVEDI (formerly EDI International) designed the project, and Arch-Con Corp. is serving as the general contractor. Completion is slated for mid-2028.

The post Moody National Begins Construction on 346-Unit Multifamily Project in West Houston appeared first on REBusinessOnline.

Pentaurus Properties Buys 124-Unit Apartment Complex in Matawan, New Jersey

Taylor Williams — Fri, 20 Mar 2026 14:10:00 +0000

MATAWAN, N.J. — Pentaurus Properties, a New Jersey-based family office, has purchased a 124-unit apartment complex in Matawan, located in Central New Jersey. Marc Hampton Apartments is a garden-style complex that was built in the 1960s and offers one- and two-bedroom units across 11 buildings. Nat Gambuzza and Trevor Fiebel of Berkadia represented Pentaurus, which plans to implement a value-add program, in the transaction. Joseph Garibaldi, Thomas Walsh and Nick Vanderslice of Colliers represented the undisclosed seller.

The post Pentaurus Properties Buys 124-Unit Apartment Complex in Matawan, New Jersey appeared first on REBusinessOnline.

Chozick Realty Negotiates $4.6M Sale of Apartment Complex in New London, Connecticut

Taylor Williams — Fri, 20 Mar 2026 14:00:00 +0000

NEW LONDON, CONN. — Locally based brokerage firm Chozick Realty has negotiated the $4.6 million sale of a 38-unit apartment complex in the coastal Connecticut city of New London. Garfield Avenue Apartments consists of two three-story buildings that exclusively house one-bedroom units. Jordan Pinto led the Chozick team that brokered the deal. The buyer and seller were not disclosed.

The post Chozick Realty Negotiates $4.6M Sale of Apartment Complex in New London, Connecticut appeared first on REBusinessOnline.

Sobrato Organization Opens 120-Unit Affordable Housing Development in Redwood City, California

Amy Works — Fri, 20 Mar 2026 13:27:36 +0000

REDWOOD CITY, CALIF. — The Sobrato Organization has opened The Millton, an affordable housing community located at 900 Chestnut St. in Redwood City, with units designated for residents earning between 30 percent to 80 percent of the area median income. The Millton features 120 studio, one-, two- and three-bedroom apartments across five stories. Apartments offer wood plank flooring, 10-foot ceilings, pantry/entryway closets, soaking tubs, stainless steel energy-efficient appliances, stone countertops in kitchens and bathrooms, recessed lighting and private balconies in select units. Community amenities include a 24-hour fitness center, onsite laundry, a business center with computers and printing capabilities, outdoor living spaces with barbecues and a resident lounge with seating, media and kitchenette. Additionally, the property offers bicycle storage with a repair station, high-speed Wi-Fi, controlled access, assigned garage parking and a playground.

The post Sobrato Organization Opens 120-Unit Affordable Housing Development in Redwood City, California appeared first on REBusinessOnline.

AREP Opens CityHouse Old Town Office-to-Residential Conversion Project in Alexandria, Virginia

Abby Cox — Fri, 20 Mar 2026 13:25:43 +0000

ALEXANDRIA, VA. — American Real Estate Partners (AREP) has opened CityHouse Old Town, an office-to-residential adaptive reuse development at 1101 King St. in Alexandria, a suburb of Washington, D.C. The community has been welcoming residents since late 2025 and is 40 percent occupied. Originally constructed in 1983 as a 236,000-square-foot office building, CityHouse Old Town has been reimagined into a seven-building, luxury residential community. The complex offers 199 apartments ranging in size from 500 to 1,559 square feet. Monthly rental rates begin at $3,300. Amenities the property include coworking spaces, a hospitality-inspired club lounge, 24-hour fitness center, pet washing station, electric vehicle charging stations and landscaped gathering areas. AREP is pursuing Fitwel certification for the project. Bozzuto serves as leasing and property manager for CityHouse Old Town.

The post AREP Opens CityHouse Old Town Office-to-Residential Conversion Project in Alexandria, Virginia appeared first on REBusinessOnline.

JLL Brokers Sale of 162-Unit Luxury Apartment Complex in St. Paul

Kristin Harlow — Fri, 20 Mar 2026 13:22:18 +0000

ST. PAUL, MINN. — JLL Capital Markets has brokered the sale of The Hill Apartments, a 162-unit luxury apartment building in St. Paul’s historic Cathedral Hill neighborhood. Josh Talberg, Joseph Peris and Eli Smith of JLL represented the seller, Wolverton Capital. The Hill is the only modern apartment community at scale delivered to the neighborhood, according to JLL.

The post JLL Brokers Sale of 162-Unit Luxury Apartment Complex in St. Paul appeared first on REBusinessOnline.

Fisher Brothers Receives $117.5M Loan for Refinancing of Miami Multifamily Community

Abby Cox — Fri, 20 Mar 2026 11:45:00 +0000

MIAMI — New York City based-Fisher Brothers has received a $117.5 million bridge loan for the refinancing of Joule House at Calle Collective, a 308-unit multifamily community located in the Wynwood neighborhood of Miami. Bain Capital provided the floating-rate, interest-only loan. “The successful refinancing of Joule House is a strong reflection of both the property’s performance since opening last summer and the market’s confidence in well-executed, design-driven residential communities in Wynwood,” says Winston Fisher, partner at Fisher Brothers. Situated at 2200 N.W. 1st Ave., Joule House spans eight stories and features studio, one- and two-bedroom floorplans, with select two- and three-bedroom penthouses ranging in size from 985 to 1,400 square feet. Monthly rental rates begin at $2,512. Approximately 23,000 square feet of amenities are available for residents, including a swimming pool, cabana, spa, clubhouse, business center, fitness center, lounge, bicycle storage, a game room, conference rooms and electric vehicle charging stations. In December of last year, Fisher Brothers signed a new retail lease with SunLife Organics, a smoothie, juice and açai bowl bar that will open on the ground floor of Joule House in the third quarter. The Calle Collective, which is located within the Joule House development, serves as a retail,…

The post Fisher Brothers Receives $117.5M Loan for Refinancing of Miami Multifamily Community appeared first on REBusinessOnline.

Singh Development Delivers 95-Unit Luxury Seniors Housing Community in North Raleigh

John Nelson — Thu, 19 Mar 2026 14:41:35 +0000

RALEIGH, N.C. — Michigan-based Singh Development has completed Waltonwood Lead Mine, a 95-unit luxury seniors housing community located at 4510 Lead Mine Road in north Raleigh. Cline designed the property, which features assisted living and memory care residences. The community has the capacity for up to 100 residents and will be operated under Singh’s Waltonwood Senior Living brand. Amenities include a movie theater with a popcorn bar, restaurant-style dining room, bistro and a coffee nook. The project team also included Choate Construction, Lighthouse Engineering and structural engineer Hauser and Creech.

The post Singh Development Delivers 95-Unit Luxury Seniors Housing Community in North Raleigh appeared first on REBusinessOnline.

Linc Housing Starts Construction on 64-Unit Affordable Seniors Housing Community in Long Beach

Amy Works — Thu, 19 Mar 2026 13:45:41 +0000

LONG BEACH, CALIF. — Linc Housing has started the construction of Armory Arts Collective, an affordable seniors housing property in Long Beach’s East Village Arts District. The development will transform the long-vacant former Armory building through adaptive reuse and add five stories of new residential construction. Upon completion, the project will deliver 64 residences for low-income seniors age 55 years or older earning between 30 percent and 70 percent of the area median income. Armory Arts Collective will feature 56 one-bedroom apartments and eight two-bedroom apartments, including a manager’s unit. Half of the homes will be fully wheelchair accessible and several will incorporate features to accommodate residents with hearing and visual impairments. Linc will convert portions of the historic 26,500-square-foot Armory, which was built in 1930, into a community room, arts and crafts studio, health and wellness space and bicycle storage. Additionally, residents will have access to a landscaped courtyard and outdoor deck. A resident services coordinator will bring programs and activities to the community spaces. Funding for the development includes $6.5 million from Long Beach Community Investment Co., a $5.2 million loan from the City of Long Beach, $6.2 million from the California Department of Housing and Community Development’s Multifamily…

The post Linc Housing Starts Construction on 64-Unit Affordable Seniors Housing Community in Long Beach appeared first on REBusinessOnline.

Monument Capital Management Sells Workforce Housing Community in Metro Chicago for $30M

Kristin Harlow — Thu, 19 Mar 2026 13:38:02 +0000

MT. PROSPECT, ILL. — Monument Capital Management, an A-Rod Corp. company, has sold Eclipse at 1450 for $30 million to Vladimir Novakic. The 222-unit workforce housing community is located at 1450 Busse Road in Mt. Prospect. During the hold period, Monument executed a comprehensive value-add program, renovating approximately 75 percent of unit interiors and upgrading key amenities. The sale follows the December disposition of sister property The Element.

The post Monument Capital Management Sells Workforce Housing Community in Metro Chicago for $30M appeared first on REBusinessOnline.

CBRE Arranges $8.3M Sale of Multifamily Property in Milwaukee

Kristin Harlow — Thu, 19 Mar 2026 13:36:37 +0000

MILWAUKEE — CBRE has arranged the sale of Sage on Prospect, a 34-unit multifamily property in Milwaukee’s Lower East Side neighborhood. Three Sixty Real Estate Solutions LLC purchased the asset from Dominion Properties. CBRE’s Sean Beuche, Matson Holbrook, Gretchen Richards and Patrick Gallagher represented the seller, which recently renovated the former assisted living facility. The project included the addition of two floors with balconies overlooking Lake Michigan. The property is the only in the market to receive LEED Platinum certification. Built in 2016, the property features a mix of one- and two-bedroom floor plans.

The post CBRE Arranges $8.3M Sale of Multifamily Property in Milwaukee appeared first on REBusinessOnline.

Kimco, Bozzuto Complete 131-Unit Multifamily Project in Ardmore, Pennsylvania

Taylor Williams — Thu, 19 Mar 2026 13:35:00 +0000

ARDMORE, PA. — A partnership between Kimco Realty and Bozzuto Development has completed Coulter Place, a 131-unit multifamily project in Ardmore, a northwestern suburb of Philadelphia. Designed by JKRP Architects, the five-story building is part of Suburban Square, an open-air shopping center, and houses 20,000 square feet of ground-floor retail space. Units come in one-, two- and three-bedroom floor plans. Amenities include resident lounges, fitness facilities and outdoor gathering areas. Rents start at roughly $3,200 per month for a one-bedroom apartment.

The post Kimco, Bozzuto Complete 131-Unit Multifamily Project in Ardmore, Pennsylvania appeared first on REBusinessOnline.

Northmarq Arranges Sale of 28-Story Apartment Tower in North Dallas

Taylor Williams — Wed, 18 Mar 2026 14:22:16 +0000

DALLAS — Northmarq has arranged the sale of Eastline Residences, a 28-story apartment tower in North Dallas. Delivered in 2021 by Convexity Properties, Eastline Residences offers 330 units in studio, one-, two- and three-bedroom units, as well as penthouses on the top four floors. Residences feature stainless steel appliances, quartz countertops, individual washers and dryers and private balconies/patios. Amenities include a pool, clubhouse, fitness center and a business center. Taylor Snoddy, Eric Stockley and Charles Hubbard of Northmarq represented Convexity in the sale. Kevin Leamy and Lauren Bresky, also with Northmarq, arranged an undisclosed amount of acquisition financing on behalf of the buyer, New York City-based Kushner Cos.

The post Northmarq Arranges Sale of 28-Story Apartment Tower in North Dallas appeared first on REBusinessOnline.

Wood Partners Breaks Ground on 204-Unit Multifamily Project in Tomball, Texas

Taylor Williams — Wed, 18 Mar 2026 14:12:43 +0000

TOMBALL, TEXAS — Atlanta-based developer Wood Partners has broken ground on Alta Timberline, a 204-unit multifamily project in Tomball, a northern suburb of Houston. Alta Timberline will consist of seven three-story buildings that will house one-, two- and three-bedroom units. Residences will be furnished with stainless steel appliances, granite countertops and individual washers and dryers. Ground-floor residences will feature private yards, and upper-level apartments will have balconies. Amenities will include a pool, fitness center, two pickleball courts, a dog park, business lounge, coffee bar and outdoor grilling and dining stations. Completion is slated for summer 2027.

The post Wood Partners Breaks Ground on 204-Unit Multifamily Project in Tomball, Texas appeared first on REBusinessOnline.

IPA Brokers Sale of 192-Unit Apartment Community in Metro Nashville

John Nelson — Wed, 18 Mar 2026 14:10:40 +0000

THOMPSON’S STATION, TENN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Newport Station, a 192-unit apartment community located on a 13-acre site in Thompson’s Station, a southern suburb of Nashville. David Stollenwerk, Christian Farris, Will Balthrope and Drew Garza of IPA represented the seller and procured the buyer in the transaction. The sales price was also not disclosed. Jody McKibben served as Marcus & Millichap’s broker of record in Tennessee in the deal. Completed in 2024, Newport Station features garden-style apartments averaging 1,287 square feet in size, as well as a resort-style swimming pool, fitness center and a dog park.

The post IPA Brokers Sale of 192-Unit Apartment Community in Metro Nashville appeared first on REBusinessOnline.

JLL Arranges $370M Loan for Refinancing of Brooklyn Apartment Complex

Taylor Williams — Wed, 18 Mar 2026 13:55:09 +0000

NEW YORK CITY — JLL has arranged a $370 million bridge loan for the refinancing of Society Brooklyn, a 517-unit apartment complex in the borough’s Gowanus neighborhood. Society Brooklyn comprises 385 market-rate units and 132 affordable housing units, as well as 57,288 square feet of retail and commercial space, across two buildings. Residences are furnished with stainless steel appliances, Caesarstone countertops and individual washers and dryers. Amenities include fitness centers, yoga studios, screening rooms, coworking spaces, rooftop terraces and pool decks with barbecue areas. Christopher Peck, Peter Rotchford and Nicco Lupo of JLL arranged the three-year loan through Brookfield Asset Management. The borrower is a partnership between Property Markets Group and The Carlyle Group.

The post JLL Arranges $370M Loan for Refinancing of Brooklyn Apartment Complex appeared first on REBusinessOnline.

MMG Brokers Sale of 300-Unit Multifamily Property in Overland Park, Kansas

Kristin Harlow — Wed, 18 Mar 2026 13:25:31 +0000

OVERLAND PARK, KAN. — MMG Real Estate Advisors has brokered the sale of Overland Station, a 300-unit multifamily community located at 7843 Riley St. in downtown Overland Park. The property was built in 1985. Harry Trotter, Brett Meinzer, TJ Wahl, Colson Bayles and Parker Guffey of MMG brokered the transaction. Buyer and seller information was not released.

The post MMG Brokers Sale of 300-Unit Multifamily Property in Overland Park, Kansas appeared first on REBusinessOnline.

Walker & Dunlop Arranges $46.5M Loan for Refinancing of San Antonio Apartment Community

Taylor Williams — Tue, 17 Mar 2026 14:29:10 +0000

SAN ANTONIO — Walker & Dunlop has arranged a $46.5 million loan for the refinancing of Park at Westover Hills, a 372-unit apartment community located in the Far West submarket of San Antonio. Park at Westover Hills is a garden-style community that consists of 14 buildings that house studio, one-, two- and three-bedroom units. Amenities include a pool, fitness center, conference rooms, coffee bar, outdoor grilling and dining areas and two dog parks. Walker & Dunlop Investment Partners provided the loan to GenCap Partners, which developed the property in partnership with International Development.

The post Walker & Dunlop Arranges $46.5M Loan for Refinancing of San Antonio Apartment Community appeared first on REBusinessOnline.

Toro Breaks Ground on 301-Unit Apartment Community at Cumming City Center in Metro Atlanta

John Nelson — Tue, 17 Mar 2026 14:13:41 +0000

CUMMING, GA. — Toro Development Co. has broken ground on Overlook, a 301-unit apartment community situated within Cumming City Center, a 75-acre mixed-use district in the northeast Atlanta suburb of Cumming. Overlook will complement the other components of Cumming City Center, which will include an amphitheater, shops, restaurants, walking trails, green space and a new municipal building. Community amenities at Overlook will include a resort-style pool, fitness center, courtyards, sky lounge, micro-offices and a dog park. First units are set to deliver in 2027, according to Toro Development.

The post Toro Breaks Ground on 301-Unit Apartment Community at Cumming City Center in Metro Atlanta appeared first on REBusinessOnline.

Ram Acquires 327-Unit Apartment Community in Downtown St. Petersburg, Florida

John Nelson — Tue, 17 Mar 2026 14:12:31 +0000

ST. PETERSBURG, FLA. — An affiliate of Ram Realty Partners VII has purchased Beacon 430, a 327-unit apartment community located on a 4.3-acre site in downtown St. Petersburg. The four-story property was delivered in 2014. The seller and sales price were not disclosed. Ram plans to implement a value-add program at Beacon 430 focused on operational enhancements, common area/amenity improvements and select unit interior upgrades.

The post Ram Acquires 327-Unit Apartment Community in Downtown St. Petersburg, Florida appeared first on REBusinessOnline.