Multifamily

ATLANTA — A joint venture between LV Collective, Kayne Anderson Real Estate, Pacific Life and JE Dunn Capital Partners has delivered Rambler Atlanta, a 798-bed student housing community located at 736 Peachtree St. NE in Midtown Atlanta. The 467,000-square-foot development offers 215 units in studio through six-bedroom configurations for students attending the Georgia Institute of Technology (Georgia Tech). The community rises 19 stories and features shared amenities, including an active lobby with a Daydreamer coffee shop; private study rooms and six conference rooms; a kitchenette with an outdoor terrace; a rooftop deck with a pool, hot tub and lounge seating; and a fitness center, sauna and yoga studio. The development team included Niles Bolton Associates, JE Dunn Construction, Archie Bolden, Michael Hsu Office of Architecture and Ironwood DDG.

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Arya-Apts-Culver-City-CA

CULVER CITY, CALIF. — Helio Group has received $58 million in refinancing for Arya Apartments, a Class A multifamily property in Culver City. Jeff Sause, Chad Morgan, Jacob Michael and Danny Ryan of JLL represented the borrower in arranging the floating-rate loan with Canyon Partners Real Estate. Arya Apartments features 38 studio units, 36 one-bedroom units and 45 two-bedroom units with luxury finishes and smart home technology. The community includes a fitness center with Technogym equipment, a rooftop lounge with barbecue areas, a coworking lounge with conference room, electric vehicle charging stations and a future rooftop pool.

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CENTENNIAL, COLO. — Headwaters Group has begun preleasing at Aspendale Centennial, the owner’s first community under its new Aspendale active adult brand. Greystar will operate the community on behalf of Headwaters. Totaling 203,653 square feet, Aspendale Centennial in Centennial features 172 apartments across four stories. Move-ins are scheduled to begin this October. Amenities at the property include a two-story clubhouse with a fitness room, art and activity areas, and gathering spaces. Other amenities include a lap pool, spa and community garden.

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LINCOLN, NEB. — The Annex Group has opened Union at Antelope Valley, a 187-unit affordable housing development in Lincoln. The $52.7 million community features one-, two- and three-bedroom units that are reserved for households whose income levels are at or below 60 percent of the area median income. The property features amenities such as a community center, fitness center, dog park and courtyard. The ground floor of the building houses a parking garage, and the residential levels are on the top four floors. Project partners included BVH Architecture, REGA Engineering Group, Summit LIHTC Consulting, NP Dodge, US Bancorp Impact Finance and Cedar Rapids Bank & Trust. The Nebraska Investment Finance Authority also partnered with Annex Group on the project.

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CHICAGO — Kiser Group has brokered the $33.9 million sale of The Avondale, a 52-unit luxury townhouse community located at 4200 W. Belmont Ave. in Chicago. Built by Noah Properties, the asset sold to an out-of-state investor. The property features a mix of three-, four- and five-bedroom units. Each residence features a two-car garage and a rooftop deck. At the time of sale, the community was 92 percent occupied. The buyer plans to reposition the asset by selling the units individually as townhome condominiums. Andy Friedman, Jake Parker and Viktor Radzieta of Kiser brokered the sale.

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InterFace-Seniors-Southeast-Capital-Markets-Panel

By Matt Valley ATLANTA — In an unsettled world, the capital markets have ironically proven to be relatively stable this year. That’s helped pave the way for the rebound in financing across the seniors housing sector, lenders say. But they are quick to add that construction financing remains difficult to secure for most developers. For much of this year, the U.S. 10-year Treasury yield has fluctuated between 4.2 and 4.6 percent, a relatively narrow range compared with the high volatility experienced in the three years prior. In 2022, for example, the 10-year yield started the year at approximately 1.5 percent and reached 4.2 percent roughly 11 months later. Because a large percentage of commercial real estate loans are priced off the 10-year yield, the benchmark rate’s recent stability is significant, say lenders. And there is potentially more good news on the horizon.  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. “The Fed has been holding steady for several months in terms of short-term rates. But it looks now — based on what Fed Chairman Jerome Powell said last week in his …

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Harrison-Street-Portfolio-Sale

CHICAGO — Investment management firm Harrison Street Asset Management has sold a portfolio of seniors housing communities located in the state of New York for more than $600 million.  The buyer was not disclosed, but multiple media outlets report the buyer was senior living giant Ventas Inc. (NYSE: VTR). The portfolio comprises five communities. Harrison Street developed the properties in partnership with B2K Development between 2016 and 2022. Amenities at the communities include swimming pools, theaters, fitness centers, libraries and lifestyle programming.  The names and addresses of the five communities were not released, but Long Island Business News reports the properties are located in the Long Island cities of Mt. Sinai, West Babylon, Holtsville, Bethpage and Jericho, N.Y. “This transaction exemplifies Harrison Street’s ability to produce value by targeting strategic developments, creating portfolios at scale that deliver operational excellence and executing strategic sales at opportune moments in time,” says Ben Mohns, head of asset management, North America at Harrison Street. Chicago-based Harrison Street ranked as the fourth-largest owner of seniors housing properties in the newly released, 2025 edition of the ASHA 50. Since its inception, Harrison Street has invested roughly $14.6 billion in seniors housing assets.  In December 2024, Harrison Street sold a …

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The-Renegade-Denton

DENTON, TEXAS — HL Communities, the multifamily development arm of Holt Lunsford Commercial, is underway on construction of The Renegade, a 104-unit project that will be located in the North Texas city of Denton. Designed by Archon Corp., The Renegade will be a four-story building in the downtown area. Amenities will include a resident clubhouse, fitness facility, dedicated quiet study areas, pet recreation area and landscaped courtyard spaces. HL Communities is developing the project in partnership with Colo Development Partners. Harmony Bank is financing construction, which is expected to be complete in the second quarter of next year.

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Urby-Hoboken

HOBOKEN, N.J. — Urby, a joint venture between Ironstate Development and Brookfield Properties, has broken ground on a 345-unit multifamily project in Hoboken. Urby Hoboken will rise 16 stories and house studio, one- and two-bedroom units, with private terraces available in select residences. The centerpiece of the amenity package will be a fourth-floor courtyard that will feature a cold plunge pool, sunbeds, grilling stations and a fire pit pavilion. The pet-friendly building will also include a rooftop dog run. Lastly, Urby Hoboken will include more than 17,000 square feet of retail space. Mark DeLillo, Marc Schulder, Lee Spiegelman, Felipe Marin, Eli Zaoutis and Jeremy Silber of BlueGate Partners arranged $162 million in construction financing for the project through PCCP LLC. Completion is slated for summer 2027.

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GROTON, CONN. — Northeast Private Client Group (NEPCG) has negotiated the $25.4 million sale of a 141-unit multifamily property in Groton, located in southern coastal Connecticut. Groton Townhomes offers one-, two- and three-bedroom units as well as outdoor dining and gathering spaces. Bradley Balletto of NEPCG represented the New Jersey-based seller in the transaction and procured the buyers, Rowin Capital and its affiliate, Penlane Real Estate.

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