Multifamily Archives - REBusinessOnline

Lument Provides $14.4M Agency Acquisition Loan for Northwest Houston Multifamily Property

Taylor Williams — Wed, 24 Jun 2026 14:37:01 +0000

HOUSTON — Lument has provided a $14.4 million Fannie Mae acquisition loan for Aspen Forest, a 144-unit, garden-style multifamily property in northwest Houston. Built in 1985 and renovated in 2020, Aspen Forest comprises 36 buildings that exclusively house two-bedroom units. Ted Nasca of Lument originated the loan, which carries a fixed interest rate, five-year term with partial interest-only payments and a 30-year amortization schedule. The borrower is Cube Equity Group.

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BWE Arranges $37M Bridge Loan for Apartment Building in Kalamazoo, Michigan

Kristin Harlow — Wed, 24 Jun 2026 14:32:39 +0000

KALAMAZOO, MICH. — BWE has arranged a $37 million bridge loan for The Exchange, a 15-story apartment building in Kalamazoo. BWE’s Chris Carroll, Cathy Bronkema and Max Miller originated the financing from a debt fund on behalf of the borrower, a local commercial and residential property developer. Delivered in December 2020, The Exchange features ground-floor retail space, structured parking and luxury apartment units. Amenities include a roof deck, outdoor patio, fitness center, clubroom, package handling room and bike storage.

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CBRE Brokers $7.1M Sale of Bayside Townhomes in Kenosha, Wisconsin

Kristin Harlow — Wed, 24 Jun 2026 14:31:38 +0000

KENOSHA, WIS. — CBRE has brokered the $7.1 million sale of Bayside Townhomes, a 32-unit multifamily community in Kenosha. CBRE’s Matson Holbrook, Gretchen Richards and Sean Beuche represented the seller, Bayside Townhomes LLC. Campbell Creek Communities LLC was the buyer. Bayside Townhomes is located at 1523 Sheridan Road, proximate to Carthage College and the Lake Michigan waterfront. The property, which features three-bedroom floor plans averaging 1,500 square feet, was fully occupied at the time of sale.

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Berkadia Arranges Sale of 202-Unit Apartment Community in Boiling Springs, South Carolina

John Nelson — Wed, 24 Jun 2026 13:38:12 +0000

BOILING SPRINGS, S.C. — Berkadia has arranged the sale of Villas at Lawson Creek, a 202-unit, garden-style apartment community located at 9159 Asheville Highway in Boiling Springs, a northern suburb of Spartanburg, S.C. Charleston-based Matheson Capital purchased the property from Omaha, Neb.-based Momentum Housing for an undisclosed price. Caleb Troop, Thomas Colaiezzi, Matt Robertson and Drew Kwiatkowski of Berkadia’s Charlotte office represented the seller in the transaction. Built in 2009, Villas at Lawson Creek features one-, two- and three-bedroom apartments ranging in size from 652 to 1,444 square feet. Amenities include a swimming pool, fitness center, grilling and picnic areas, laundry facilities, car care center, movie lounge and additional storage units.

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Partnership Unveils Plans for $170M Affordable, Supportive Housing Project in The Bronx

Taylor Williams — Wed, 24 Jun 2026 13:37:53 +0000

NEW YORK CITY — A partnership between local owner-operator Gilbane Development Co., Strada Development LLC and the Center for Urban Community Services (CUCS) has unveiled plans for a $170 million affordable and supportive housing project in The Bronx. Designed by Magnusson Architecture and Planning PC and known as 1920 Turnbull, the 22-story building will be located in the borough’s Castle Hill/Soundview submarket and will house 228 affordable housing units, including 137 permanent supportive housing units for formerly homeless individuals and families. CUCS will operate a 3,500-square-foot office within 1920 Turnbull to facilitate residents’ access to onsite social support services such as case management, behavioral health support, benefits assistance, employment services and connections to community resources. Additional amenities will include outdoor recreation space, a fitness room, community room and onsite laundry facilities. Site remediation and a groundbreaking are scheduled to take place in the coming weeks, with completion slated for 2029.

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Nasser Freres Receives $375M Construction Loan for Jersey City Apartment Tower

Taylor Williams — Tue, 23 Jun 2026 14:46:17 +0000

NEW YORK CITY — Developer Nasser Freres has received a $375 million construction loan for JFK Boulevard, an 840-unit apartment tower that will be located in the Journal Square area of Jersey City. The building will offer studio, one-, two- and three-bedroom units, 10 percent of which will be designated as affordable housing. Amenities will include a spa, fitness center, multi-sport court, coworking and library lounges, game and screening rooms, an outdoor pool with sun decks, dog run, pet spa and a rooftop lounge. In addition, JFK Boulevard will feature 50,000 square feet of retail space that will be anchored by an organic grocer. Keith Kurland, Aaron Appel, Adam Schwartz, Jonathan Schwartz, Dustin Stolly, Sean Reimer, Jordan Casella, Christopher de Raet and Jack Krentzman of Walker & Dunlop arranged the floating-rate, interest-only loan through Madison Realty Capital. Completion is slated for early 2029.

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Alliance Residential Divests of 258-Unit Multifamily Property in Phoenix

Amy Works — Tue, 23 Jun 2026 13:38:51 +0000

PHOENIX — Scottsdale, Ariz.-based Alliance Residential has sold Broadstone Seventh Street, a 258-unit multifamily property in north central Phoenix, to a leading global investor for an undisclosed price. Asher Gunter, Matt Pesch and Austin Groen of CBRE represented the seller in the transaction. Completed in 2024, Broadstone Seventh Street features studio, one- and two-bedroom floor plans with 9- and 10-foot ceilings, wood-style flooring, in-unit washers and dryers, quartz countertops, illuminated vanity mirrors and SmartRent Home technology. Community amenities include a residential clubhouse with an kitchen and billiards, a two-story fitness center, a resort-style pool and spa with private cabanas, barbecue grills and an outdoor ramada.

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Jackson Square Sells 108-Unit Apartment Complex in Everett, Washington for $24.5M

Amy Works — Tue, 23 Jun 2026 13:37:17 +0000

EVERETT, WASH. — Jackson Square Properties has sold Latitude, a 108-unit multifamily property in Everett’s Lake Stickney neighborhood, to Bridge Housing for approximately $25.4 million. Developed in 1986 on 4 acres, the property features one- and two-bedroom apartments spread across six residential buildings and a standalone clubhouse. Community amenities include a courtyard with a barbecue area and firepit, fitness center and a fenced-in dog park. Giovanni Napoli, Philip Assouad, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors, a division of Marcus & Millichap, represented the San Francisco-based seller and procured the buyer, also based in San Francisco.

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Brook Farm, Manor Park to Develop 336-Unit Multifamily Community in Savannah

Abby Cox — Mon, 22 Jun 2026 13:28:35 +0000

SAVANNAH, GA. — Brook Farm Group and Manor Park Ventures will co-develop 675 Morgan, a 336-unit multifamily community located in the Savannah Highlands neighborhood. Upon completion, the project will feature 11 three-story buildings with one-, two- and three-bedroom floorplans. Amenities will include a resort-style swimming pool, clubhouse, 24-hour fitness center, walking trails, pickleball courts and a golf simulator. Ameris Bank, one of Brook Farm Group’s preferred lenders, provided construction financing for this transaction. The project team includes general contractor Summit Contracting Group.

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Trilogy Investment Receives Construction Loan for 122-Unit Townhome Development in Emerson, Georgia

Abby Cox — Mon, 22 Jun 2026 13:25:02 +0000

EMERSON, GA. — Trilogy Investment Co. has received a construction loan for the development of REV3 at Stars Way, a 122-unit build-to-rent (BTR) townhome community in Emerson, a city near the north Atlanta suburb of Cartersville. REV3 Homes, a division of Trilogy Investment Co., will serve as the general contractor for the project. Vertical construction is set to begin at the end of the month, while the first home deliveries are anticipated for late 2026. REV3 at Stars Way will feature modern townhomes with one-car garages and open-concept floorplans.

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HKS Real Estate Arranges $37.5M Loan for Refinancing of Midtown Manhattan Apartment Building

Taylor Williams — Mon, 22 Jun 2026 13:20:00 +0000

NEW YORK CITY — Locally based intermediary HKS Real Estate Advisors has arranged a $37.5 million loan for the refinancing of 230 East 44th Street, a 164-unit apartment building in Midtown Manhattan. Known as The Centra, the 14-story building offers studio, one-, two- and three-bedroom units, as well as 5,055 square feet of commercial space that was fully leased at the time of the loan closing to six tenants. Ayush Kapahi of HKS arranged the loan on behalf of the owner, Dalan Rentals. Infinity Funds provided the loan.

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JLL Brokers Sale of 182-Unit Seniors Housing Community Near Seattle

Amy Works — Mon, 22 Jun 2026 13:11:01 +0000

LYNNWOOD, WASH. — JLL Capital Markets has brokered the sale of Fairwinds Brighton Court, a 182-unit senior living community located in Lynnwood, roughly 16 miles north of Seattle. Residences at the community, which was built in 1988, include independent living and assisted living units in studio, one- and two-bedroom layouts. Amenities at the 4.4-acre property include a full-service restaurant, bistro, fitness center, salon, library, billiards room and courtyard. Leisure Care will continue to manage the community on behalf of the buyer, a publicly traded REIT. Jay Wagner, Rick Swartz, Aaron Rosenweig, Dan Baker and Dean Ferris of JLL represented the undisclosed seller in the transaction.

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Atlanta Multifamily: Liquidity Is Back, And the Supply Squeeze Is Next

John Nelson — Mon, 22 Jun 2026 11:42:00 +0000

Twenty-two apartment properties traded in metro Atlanta during the first quarter of 2026 for just over $1 billion, nearly double the $528 million that traded across 15 deals in first-quarter 2025. Our team’s current offerings are seeing tour volume of 30 to 40 prospects, which is up 20 percent from a couple years ago. We are also seeing 20 or more offers per property, and the quality of buyer has greatly improved — capital has stopped waiting for clarity and started competing for product. Liquidity rebounded in the Atlanta apartment market in 2025, and the supply-demand setup heading into 2027 is the reason institutional and private capital is moving now rather than later. Let’s start with the rebound. Across 2025, transaction count rose 31 percent, total dollar volume increased 18 percent and average cap rates tightened roughly 16 basis points. Buyers paid up for better-located, higher-quality assets and stayed disciplined on legacy unit-count metrics. The bid-ask gap that froze 2023 and most of 2024 finally closed, but on terms that rewarded specificity rather than just appetite. Sellers, for their part, have moved into a more pragmatic posture. A meaningful share of 2026 activity reflects fund-life timing decisions — sponsors that…

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MRC Provides $480M in Financing for Office-to-Residential Conversion Project in Midtown Manhattan

Taylor Williams — Fri, 19 Jun 2026 13:50:10 +0000

NEW YORK CITY — Madison Realty Capital (MRC) has provided $480 million in financing for an office-to-residential conversion project in Midtown Manhattan. The project will convert the 27-story, 523,051-square-foot building at 1740 Broadway, which spans nearly a full city block between 55th and 56th streets, into a 420-unit multifamily building with 238 apartments and 182 condos. The converted building will also feature 60,000 square feet of amenities, including a 22,000-square-foot sporting club, a spa with a lap pool, a concealed speakeasy bar in the building’s original bank vault and dedicated lounge and sun deck spaces for residents. Jason Krane, Russ Schildkraut and Simon Ziff of Ackman-Ziff arranged the financing on behalf of the owner, Yellowstone Real Estate Investments. Completion is slated for the third quarter of 2029.

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Tredway Buys 168-Unit Affordable Seniors Housing Complex in Peekskill, New York, Plans Rehabilitation

Taylor Williams — Fri, 19 Jun 2026 13:45:25 +0000

PEEKSKILL, N.Y. — New York-based owner-operator Tredway has purchased a 168-unit affordable seniors housing complex in Peekskill, about 50 miles north of New York City. The property at 901-907 Main St. houses units that are reserved for renters earning 60 percent or less of the area median income. As a means of preserving affordability, Tredway plans to invest about $4.5 million in capital improvements to the property, including façade repairs, upgrades to building systems and the installation of new in-unit appliances. Tredway also plans to enhance the building’s security systems and introduce new social services. The seller and sales price were not disclosed.

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Related Group Breaks Ground on 24-Story Apartment Tower in Downtown Tampa

John Nelson — Fri, 19 Jun 2026 13:34:10 +0000

TAMPA, FLA. —  Related Group has broken ground on Manor Riverwalk, a 24-story apartment tower located at 101 S. Parker St. in downtown Tampa. Designed by architecture firm Arquitectónica with interiors by ID & Design International, the tower will contain 369 residences, 3,000 square feet of fitness-based amenities and dedicated work areas along the Hillsborough River. Manor Riverwalk will also feature a 23,000-square-foot amenity deck, which will include shaded cabanas, a glass-edged jacuzzi, outdoor bar and entertainment terrace, pickleball court and a putting green, an 805-space parking garage and 18,000 square feet of retail space. The groundbreaking of Manor Riverwalk marks the start of the development of Related Group’s waterfront master plan, which is expected to eventually feature five buildings with 1,229 residences and 37,000 square feet of ground-floor retail space, with a woonerf (or walkable street) connecting them all. In later phases, the master-planned project will include a boutique apartment building, a standalone garden retail parcel, a luxury condominium and two more rental towers. No timeline was given for completion of any phase.

Kolter Multifamily Begins Construction on 386-Unit Apartment Community in Delray Beach, Florida

John Nelson — Fri, 19 Jun 2026 13:13:51 +0000

DELRAY BEACH, FLA. — Kolter Multifamily, a residential development affiliate of the Kolter Group, has begun construction on Alton Delray, a 386-unit apartment community located in South Florida between Fort Lauderdale and West Palm Beach. The development will consist of multiple six-story residential buildings at 2101 S. Congress Ave. in Delray Beach. Amenities will include a pool and a dog park. K olter Multifamily previously secured $92 million in construction financing from U.S. Bank for the project, according to South Florida Business Journal. The media outlet also reported that Kolter Multifamily was able to develop on the industrial-zoned land under Florida’s Live Local Act. Initial delivery of units at Alton Delray is slated for late 2027.

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Marcus & Millichap Arranges $6.7M Sale of 28-Unit Multifamily Property in San Francisco

Amy Works — Fri, 19 Jun 2026 13:06:40 +0000

SAN FRANCISCO — Marcus & Millichap has brokered the sale of 1275-1281 8th Ave., a 28-unit multifamily property in San Francisco. A private family trust sold the asset to local value-add investors for $6.7 million, or $237,500 per unit. Eymon Binesh and Gino Franco of Marcus & Millichap’s San Francisco office represented the seller and procured the buyer in the transaction. Built in 1926, the 17,500-square-foot property is situated on a 0.3-acre parcel at the intersection of 8th Avenue and Irving Street. The unit mix includes 14 one-bedroom units, 11 two-bedroom units, three studios and four accessory dwelling units. According to Marcus & Millichap, the buyer plans to renovate all 28 units.

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Las Vegas’ Multifamily Market Enters a New Demand Era as Supply Normalizes

John Nelson — Fri, 19 Jun 2026 12:00:00 +0000

— By Justin Neubeck of CBRE — Las Vegas is approaching an important turning point in its multifamily cycle. After several years of elevated construction, the market is now moving beyond its peak delivery period. The region completed about 7,071 units in 2023 — the highest total in more than 20 years. This was followed by 5,247 units in 2024 and 6,302 units in 2025. Deliveries are expected to decline again in 2026, to roughly 5,334 units. Meanwhile, 2027 deliveries areprojected to return to the 30-year average of about 3,500 units, including the 3,321 units currently scheduled. This shift marks the beginning of a more balanced supply environment. At the same time, the region continues to attract new residents at levels that outpace the national average. Clark County reached a population of about 2.4 million in 2024, an increase of 2.1 percent from 2023. It is projected to grow to more than 2.9 million by 2040, and to surpass 3 million by 2045. Southern Nevada also welcomed more than 40,000 new residents in 2025 alone. Nearly 47 percent came from California. This included 14,200 from Los Angeles County and thousands more from Orange County, San Diego and the Bay Area.…

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Nuveen Provides $38.6M in C-PACE Financing for Seniors Housing Development in Central Texas

Taylor Williams — Thu, 18 Jun 2026 15:22:27 +0000

HORSESHOE BAY, TEXAS — Nuveen Green Capital has provided $38.6 million in Commercial Property Assessed Clean Energy (C-PACE) financing for the development of a new seniors housing community in Horseshoe Bay, roughly 50 miles northwest of Austin. The borrower and developer is Falcon Senior Housing. Dubbed The Statesman at Horseshoe Bay, the community will total 313,714 square feet upon completion and will feature 180 independent living, assisted living and memory care units. Financing for the project also includes EB-5 immigration investment funds.

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