Multifamily Archives - REBusinessOnline

Mesa West Capital Provides $42M Acquisition Loan for Northeast Dallas Multifamily Property

Taylor Williams — Tue, 23 Dec 2025 15:51:15 +0000

DALLAS — Mesa West Capital has provided a $42 million acquisition loan for Perry Row, a 149-unit multifamily property in northeast Dallas. Built in 2009, Perry Row offers one-, two- and three-bedroom townhome-style units that are furnished with stainless steel appliances, granite countertops, individual washer and dryers, walk-in closets and balconies. Amenities include a pool, fitness center, outdoor kitchen and a business center. Mark Brandenburg of JLL arranged the loan on behalf of the borrower, a joint venture between Knightvest Capital and TPG Angelo Gordon, which will use a portion of the proceeds to fund capital improvements.

The post Mesa West Capital Provides $42M Acquisition Loan for Northeast Dallas Multifamily Property appeared first on REBusinessOnline.

Cushman & Wakefield Arranges $76M Refinancing for Apartment Community in Murfreesboro, Tennessee

John Nelson — Tue, 23 Dec 2025 15:39:09 +0000

MURFREESBORO, TENN. — Cushman & Wakefield has arranged a $76 million loan for the refinancing of Overall Creek Apartments, a 384-unit multifamily community located at 5150 Jack Byrnes Drive in Murfreesboro, about 33 miles southeast of Nashville. John Alascio, Chuck Kohaut and Chris Meloni of Cushman & Wakefield arranged the loan through PCCP on behalf of the borrower, Denholtz, a private investment management firm based in Red Bank, N.J. Built in 2020, Overall Creek was 94 percent occupied at the time of financing. The property offers one-, two- and three-bedroom residences averaging 1,057 square feet in size, as well as a courtyard with a pool and grill stations, fire pits, a dog park, hydro massage room, tanning bed, business center and a fitness center.

The post Cushman & Wakefield Arranges $76M Refinancing for Apartment Community in Murfreesboro, Tennessee appeared first on REBusinessOnline.

GMH Communities, AEW Capital Buy Two Student Housing Communities Near Clemson University, LSU

John Nelson — Tue, 23 Dec 2025 15:37:28 +0000

CLEMSON, S.C. AND BATON ROUGE, LA. — A joint venture between GMH Communities and AEW Capital Management has acquired two student housing communities in Clemson and Baton Rouge. The acquisitions included Dockside at Clemson, a 633-bed student housing property located near the Clemson University campus in South Carolina; and Flatiron, a 293-bed community located near Louisiana State University (LSU) in Baton Rouge. Dockside has been rebranded The Cove at Clemson as part of the acquisition. The property offers units in studio, one-, two-, three- and four-bedroom configurations with bed-to-bath parity. Shared amenities include study rooms and lounges, a coffee bar, fitness center, lakefront boardwalk, game room, dog park and walking paths. Flatiron offers units in studio, one-, four- and five-bedroom configurations with bed-to-bath parity. Shared amenities include a fitness center, computer lab, pool, grilling station, yoga studio, clubhouse, dog park and study rooms. Mike Brady, Jake Wisness, Bill Maloney and Jake Davidson of JLL secured financing for the acquisition. Teddy Leatherman of JLL brokered the acquisition of the properties from seller Fountain Residential. Terms of the transaction were not released.

The post GMH Communities, AEW Capital Buy Two Student Housing Communities Near Clemson University, LSU appeared first on REBusinessOnline.

Berkadia Brokers Sale of 240-Unit Apartment Community in Murrells Inlet, South Carolina

John Nelson — Tue, 23 Dec 2025 15:35:52 +0000

MURRELLS INLET, S.C. — Berkadia has brokered the sale of Waterleaf at Murrells Inlet, a 240-unit, garden-style apartment community located at 13 Muddy Bay Drive near Myrtle Beach. Caleb Troop, Mark Boyce, Jim Sewell, David Lansbury, Erika Maston, Blake Coffey, Thomas Colaiezzi and Matt Robertson of Berkadia represented the seller, Greenville, S.C.-based Graycliff Capital, in the transaction. North Carolina-based Chaucer Creek Capital purchased Waterleaf at Murrells Inlet for an undisclosed price. Jeremy Lynch and Jake Adoni of Berkadia’s Philadelphia office secured acquisition financing on behalf of the buyer. Built in 2018, the apartment community features one-, two- and three-bedroom apartments ranging in size from 726 to over 1,100 square feet. Amenities include a fitness center with cardio and weightlifting equipment; a clubhouse with a lounge, game room and fireplace; dog park with a wash station; a saltwater swimming pool; an outdoor entertainment area with a firepit; private garages; and a car wash station.

The post Berkadia Brokers Sale of 240-Unit Apartment Community in Murrells Inlet, South Carolina appeared first on REBusinessOnline.

Partnership Buys Midtown Manhattan Hotel for $255M, Plans Affordable Housing Conversion

Taylor Williams — Tue, 23 Dec 2025 15:27:22 +0000

NEW YORK CITY — A partnership between local owner-operator Slate Property Group and nonprofit supportive housing developer Breaking Ground has acquired the Stewart Hotel in Midtown Manhattan for $255 million with plans to implement an affordable housing conversion. Slate will develop the project, which will convert the 611-room hotel into a 579-unit apartment complex, and Breaking Ground will own and operate the property upon completion. The 31-story hotel, which is located across from Penn Station and closed in 2022, also features a 100-space underground parking garage, 12,000 square feet of ground-floor retail space and 3,500 square feet of ballroom space. All units will be reserved for low-income households and/or formerly homeless individuals, with rents to range from $1,385 to $1,731 per month. Construction is scheduled to begin late next year. As part of the redevelopment, the project team will replace all major utility and mechanical systems, upgrade lighting and merge adjacent hotel rooms into living spaces as needed. New office space will be constructed for onsite social services, and the building will also have full-time security and maintenance staff.

The post Partnership Buys Midtown Manhattan Hotel for $255M, Plans Affordable Housing Conversion appeared first on REBusinessOnline.

Berkadia Provides $32.4M in Agency Financing for Bronx Apartment Building

Taylor Williams — Tue, 23 Dec 2025 15:06:14 +0000

NEW YORK CITY — Berkadia has provided $32.4 million in Freddie Mac financing for The Riverdale Tower, an 89-unit apartment building in The Bronx. The 18-story building was completed in 2024 and offers studio, one- and two-bedroom units that range in size from 400 to 900 square feet, 27 of which are earmarked as affordable housing. Amenities include a fitness center, community room, two patios and a pickleball court. Matt Nihan of Berkadia originated the 10-year, fixed-rate loan, which retires existing construction debt, on behalf of the borrower, Stagg Group. The building was fully occupied at the time of the loan closing.

The post Berkadia Provides $32.4M in Agency Financing for Bronx Apartment Building appeared first on REBusinessOnline.

Trammell Crow Residential Sells Alexan Access Apartment Complex in Lynnwood, Washington for $142M

Amy Works — Tue, 23 Dec 2025 14:51:40 +0000

LYNNWOOD, WASH. — Trammell Crow Residential has completed the disposition of Alexan Access, a multifamily property in Lynnwood, to Bell Partners for $142 million. Located at 2727 Alderwood Mall Blvd., Alexan Access features 383 studio, one-, two- and three-bedroom units across four buildings. Built in 2023, the community offers a pool and spa, sky lounge with rooftop deck, state-of-the-art athletic club with second-level yoga/spin studio, outdoor recreational area featuring a pickleball court and business lounge with work-from-home nooks. David Young, Corey Marx and Chris Ross of JLL represented the seller in the transaction. Charles Halladay, Travis Anderson, Brad Woolard and Seth Heikkila of JLL arranged $83.2 million in acquisition financing for buyer.

The post Trammell Crow Residential Sells Alexan Access Apartment Complex in Lynnwood, Washington for $142M appeared first on REBusinessOnline.

CEDARst Cos. Begins Development of $82M Apartment Community in Las Vegas

Amy Works — Tue, 23 Dec 2025 14:50:14 +0000

LAS VEGAS — CEDARst Cos. has broken ground on The Presley, an $82 million ground-up multifamily project in Las Vegas’ Medical District. Designed by Booth Hansen with OS Construction as general contractor, the seven-story, 275,000-square-foot community is slated to open in 2028. The Presley will feature 236 studio, one- and two-bedroom apartments, a fitness center, coworking lounge, golf simulator and a rooftop pool deck. A portion of the residences will be designated as affordable housing. The project is being financed by a $56 million construction loan provided by North River Partners and funds managed by AB CarVal. Berkadia arranged the financing.

The post CEDARst Cos. Begins Development of $82M Apartment Community in Las Vegas appeared first on REBusinessOnline.

McWhinney, Livmark Break Ground on $71M Multifamily Property in Longmont, Colorado

Amy Works — Tue, 23 Dec 2025 14:48:55 +0000

LONGMONT, COLO. — McWhinney and Livmark Communities have broken ground on Mountain Brook Flats, a 200-unit apartment property in Longmont. The $71 million project will feature 10 three-story, 20-unit buildings offering one-, two- and three-bedroom apartments with high-quality finishes, oversized balconies and garage parking. Community amenities will include the Mountain Brook Clubhouse offering a pool with swim lanes, a splash pad, fitness center with yoga studios, outdoor fireplace and seating area, tavern lounge, tennis and pickleball courts and pocket parks that connect the community. Construction started this month, with lease-up slated to commence in 2027. Landmark Construction, a Livmark Communities affiliate company, will serve as the general contractor.

The post McWhinney, Livmark Break Ground on $71M Multifamily Property in Longmont, Colorado appeared first on REBusinessOnline.

JLL Arranges Sale of 50-Unit Affordable Townhome Community in Northfield, Minnesota

Kristin Harlow — Tue, 23 Dec 2025 14:42:27 +0000

NORTHFIELD, MINN. — JLL Capital Markets has arranged the sale and financing for Jefferson Square, a 50-unit HAP townhome community in Northfield, about 45 miles south of Minneapolis. The property sits on 5.2 acres and includes nine residential buildings, three parking structures and one administrative building. Amenities include private garages, a community lounge, picnic space, tot lot and media space. Josh Talberg and Joseph Peris of JLL represented the seller, Dominium Management, and procured the buyer, an investment firm specializing in affordable and workforce housing. The buyer plans to invest capital to refresh the units and common areas in addition to extending the existing affordability restrictions. C.W. Early of JLL led the debt advisory team.

The post JLL Arranges Sale of 50-Unit Affordable Townhome Community in Northfield, Minnesota appeared first on REBusinessOnline.

Marcus & Millichap Brokers $4M Sale of Chicago Apartment Building

Kristin Harlow — Tue, 23 Dec 2025 14:41:52 +0000

CHICAGO — Marcus & Millichap has brokered the $4 million sale of 3060 W. Armitage Ave., a 13-unit apartment building in Chicago’s Logan Square neighborhood. Built in 2012, the property features a mix of one- and two-bedroom floor plans and one retail unit across 11,700 rentable square feet. Steve Rachman of Marcus & Millichap procured the buyer, a private investor, who plans to create value through light renovations and addressing deferred maintenance.

The post Marcus & Millichap Brokers $4M Sale of Chicago Apartment Building appeared first on REBusinessOnline.

InterFace Panel: Tariffs Are a ‘Hot Potato’ When it Comes to Construction Costs

Kristin Harlow — Tue, 23 Dec 2025 13:35:00 +0000

ATLANTA — In today’s multifamily development world, architects, designers and general contractors do everything in their power to avoid the one thing they dread most — going back to a developer mid-project to ask for more money. These “uncomfortable moments,” as Lori Ann Dinkins, president and CEO of Mood Interior Design, called them, happen more often these days thanks to rising costs, tariffs and collaboration snafus. Dinkins led a panel of architects, interior designers and general contractors through a bevy of topics — good, bad and ugly — that define the current state of building and designing apartments at InterFace Conference Group’s Multifamily Southeast event. The event took place over the course of two days at the InterContinental Buckhead in Atlanta. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. Residents and developers alike are taking a more practical, less playful approach when it comes to stylizing apartments. Gone are the days of “those huge show-stopper, Instagram-moment amenity spaces,” said Ian Hunter, regional director at Atlanta-based Dwell Design Studio. “They’re out. And they’re out for a couple of reasons. Not…

The post InterFace Panel: Tariffs Are a ‘Hot Potato’ When it Comes to Construction Costs appeared first on REBusinessOnline.

Waterton Acquires 395-Unit Motif Multifamily Property in Los Angeles

Amy Works — Mon, 22 Dec 2025 15:45:54 +0000

LOS ANGELES — Waterton has purchased Motif, an apartment community located at 21021 Erwin St. in the Woodland Hills neighborhood of Los Angeles. Terms of the transaction were not disclosed. Situated within the Warner Center master-planned community, the property will be rebranded as Sorrel at Warner Center. Built in 2015, the asset features 395 one-, two- and three-bedroom apartments with new quartz countertops, lighting and plumbing fixtures. Community amenities include two pools, a spa, grilling stations, a bocce ball court, an indoor fitness space with free weights, yoga and spin rooms, an outdoor fitness center, a dog park and covered parking. The buyers plan to update and modernize the common areas with new exterior paint, improved landscaping and upgraded building systems.

The post Waterton Acquires 395-Unit Motif Multifamily Property in Los Angeles appeared first on REBusinessOnline.

MidPen Housing Secures $132.8M in Grants for Three Central California Affordable Housing Developments

Amy Works — Mon, 22 Dec 2025 15:44:50 +0000

SAN JOSE, ALAMEDA AND WATSONVILLE, CALIF. — The California Strategic Growth Council has awarded funding to existing MidPen Housing developments in San Jose, Alameda and Watsonville that include a total of 362 affordable units. Valley Transportation Authority (VTA) Capitol Station in San Jose was awarded $49.3 million. Located next to the Capitol Light rail station, this transit-oriented development will include 203 affordable rental homes, including 51 permanent supportive housing apartments for formerly homeless individuals. The project will replace an underutilized VTA parking lot with an all-electric residential building and a new transit plaza, complemented by multimodal improvements such as 2.3 miles of bike paths, upgraded walkways and new bus shelters. The project is slated for completion in 2029. The Stardust Gardens project in Alameda was awarded $44.5 million. This project includes 80 units that will be developed on public land and will include units for households that have experienced homelessness. Transportation enhancements include electric ferry charging infrastructure to enable zero-emission ferry service, bike and pedestrian safety improvements, traffic calming and new bikeways. A completion date was not available. Lastly, the state awarded $39 million to Watsonville Metro in Watsonville. This project involves redeveloping a downtown transit center into 79 affordable…

The post MidPen Housing Secures $132.8M in Grants for Three Central California Affordable Housing Developments appeared first on REBusinessOnline.

Brinkman Real Estate, Blue Field Capital Buy 60-Unit Townhome Community in Oregon City

Amy Works — Mon, 22 Dec 2025 15:40:20 +0000

OREGON CITY, ORE. — Brinkman Real Estate and Blue Field Capital have acquired Holmes Park Townhomes, a townhome community in Oregon City, approximately 30 minutes south of downtown Portland. Terms of the acquisition were not released. Completed in 2024, Holmes Park features 60 three-level, three-bedroom/three-bath residences with modern finishes and direct-access garages.

The post Brinkman Real Estate, Blue Field Capital Buy 60-Unit Townhome Community in Oregon City appeared first on REBusinessOnline.

Lockwood Cos. Breaks Ground on 40-Unit Affordable Seniors Housing Community in Albany, Georgia

Abby Cox — Mon, 22 Dec 2025 15:11:01 +0000

ALBANY, GA. — Lockwood Cos. has broken ground on Dogwood Trail Apartments II, a 40-unit affordable seniors housing community located in the South Georgia city of Albany. Construction of Dogwood Trail Apartments II is estimated to take 14 months to complete, with a scheduled opening in winter 2027. Upon completion, the senior living community will provide housing for residents age 55 and older who earn 30, 50, 60 and 70 percent of the area median income (AMI). In partnership with the Albany Housing Authority, eight units will also be set aside for residents with project-based Housing Choice Vouchers. Dogwood Trail Apartments II will offer 20 one-bedroom and 20 two-bedroom apartments with elevators. The energy-efficient project will meet National Green Building Standards and will be furnished with dishwashers and washer/dryer connections. Additionally, all units will be pre-wired for cable and high-speed internet access.

The post Lockwood Cos. Breaks Ground on 40-Unit Affordable Seniors Housing Community in Albany, Georgia appeared first on REBusinessOnline.

BendinRoad Development, Landings Begin Leasing 104-Unit Apartment Community in Downtown Tampa

Abby Cox — Mon, 22 Dec 2025 15:09:00 +0000

TAMPA, FLA. — Locally based BendinRoad Development, in partnership with Landings Real Estate Group, has begun leasing at The Residences at 801 East Whiting Street, a new 104-unit rental community located near the $3 billion Water Street Tampa neighborhood. Nicholas & Associates served as general contractor for the development. The Residences at 801 East Whiting Street offers 51 long-term rentals for 42 studio apartments and nine one-bedroom apartments, along with 53 fully furnished apartments designated for short-term rentals that are situated on the second through fifth floors. Apartment units range in size from 388 to 542 square feet. Amenities at the complex include a fitness center; spa, pool and outdoor kitchen with a grilling area; lobby lounge with a kitchenette; bike and scooter storage; coworking space with two private offices and a common work area; and a secure package room.

The post BendinRoad Development, Landings Begin Leasing 104-Unit Apartment Community in Downtown Tampa appeared first on REBusinessOnline.

HKS Real Estate Arranges $31.7M Loan for Refinancing of Brooklyn Apartment Building

Taylor Williams — Mon, 22 Dec 2025 15:08:41 +0000

NEW YORK CITY — Locally based financial intermediary HKS Real Estate Advisors has arranged a $31.7 million loan for the refinancing of a 53-unit apartment building in Brooklyn’s Greenpoint neighborhood. The newly constructed, six-story building at 36 India St. includes two commercial spaces and 27 parking spaces. Andrew Pilchick and Alex Dobosh of HKS arranged the debt through 360 Capital Funding on behalf of the borrower, Navistone Development.

The post HKS Real Estate Arranges $31.7M Loan for Refinancing of Brooklyn Apartment Building appeared first on REBusinessOnline.

JLL Arranges Sale of 167-Unit Helix Apartments in St. Louis Park, Minnesota

Kristin Harlow — Mon, 22 Dec 2025 14:52:34 +0000

ST. LOUIS PARK, MINN. — JLL Capital Markets has arranged the sale of Helix Apartments, a 167-unit property in the Minneapolis suburb of St. Louis Park. Built in 1985 and extensively renovated between 2020 and 2022, Helix Apartments features units averaging 990 square feet. Amenities include a pool, fitness center, community lounge with coffee bar, rooftop terrace, dog park and walking paths. Josh Talberg, Joseph Peris and Jack Graveline of JLL represented the seller and procured the buyer, Jason Quilling of QT Holdings.

The post JLL Arranges Sale of 167-Unit Helix Apartments in St. Louis Park, Minnesota appeared first on REBusinessOnline.

CBRE Brokers Sale of 158-Unit Apartment Complex in Minneapolis

Kristin Harlow — Mon, 22 Dec 2025 14:51:44 +0000

MINNEAPOLIS — CBRE has brokered the sale of Second + Second, a 158-unit apartment complex in the North Loop of Minneapolis. The property is located at 120 N. Second St., just west of the Mississippi River. Built in 2020, the asset features a range of studio, one- and two-bedroom floor plans averaging 863 square feet. Amenities include underground parking, a sky lounge, fitness center and pet wash station. CBRE’s Ted Abramson, Abe Appert and Keith Collins represented the seller, Solaris Group. Roundhouse was the buyer.

The post CBRE Brokers Sale of 158-Unit Apartment Complex in Minneapolis appeared first on REBusinessOnline.