Multifamily

Landmark, Manulife Break Ground on 259-Bed Student Housing Community in Ann Arbor

by Kristin Harlow December 19, 2025

ANN ARBOR, MICH. — Landmark Properties and Manulife Investment Management have broken ground on The Metropolitan on South U, a 259-bed student housing community located adjacent to the University of Michigan campus in Ann Arbor. The project marks the sixth in a build-to-core joint venture executed with the Manulife Infrastructure Fund pool. Landmark Construction is building the project, with Myefski Architects as the architect. Peninsula Investments also partnered on the development. Located at 1208 S. University Ave., The Metropolitan on South U will feature fully furnished residences. Amenities will include a clubhouse, fitness center, resort-style pool and rooftop lounge. There will be roughly 5,000 square feet of ground-floor retail space.

December 19, 2025

Acquisitions Indiana Midwest Multifamily

Cushman & Wakefield Brokers 312-Unit Multifamily Portfolio in Southern Indiana

by Kristin Harlow December 19, 2025

SELLERSBURG AND JEFFERSONVILLE, IND. — Cushman & Wakefield | Commercial Kentucky has brokered the sale of the Southern Indiana 3 Portfolio for an undisclosed price. The portfolio includes three workforce multifamily communities totaling 312 units. The assets include Ashby Apartments and Lakeview Apartments in Sellersburg and Carrington Place Apartments in Jeffersonville. All three communities are located within a 12-minute drive of downtown Louisville. Craig Collins, Austin English, Mike Kemether and James Wilbur of Cushman & Wakefield represented the seller, Salt Lake City-based Shamrock Communities. The buyer was The Clear Blue Co., a Nashville-based real estate firm.

December 19, 2025

Acquisitions Indiana Midwest Multifamily Seniors Housing

JLL Arranges Sale of 172-Unit Luxury Active Adult Community in Noblesville, Indiana

by Kristin Harlow December 19, 2025

NOBLESVILLE, IND. — JLL Capital Markets has arranged the sale of Outlook Hamilton, a 172-unit luxury active adult community in Noblesville. Delivered in 2023, the property is situated adjacent to Hamilton Town Center and features one- and two-bedroom floor plans. Amenities include a fitness center, sports lounge, theater, great room, courtyard, community garden, dog park and detached garages for rent. Jay Wagner, Rick Swartz, Aaron Rosenzweig, Sam Dylag, Tim Hosmer and Sandis Seale of JLL represented the seller, Capitol Seniors Housing. The team partnered with JLL’s Amanda Friant, Jenny Hull, Holly Hunt, Ken Martin and Nelson Almond. Middle Street Partners and its limited partner, Parse Capital, purchased the asset.

December 19, 2025

Development Massachusetts Multifamily Northeast

Stonegate Group Delivers 46-Unit Multifamily Project in Natick, Massachusetts

by Taylor Williams December 19, 2025

NATICK, MASS. — Local developer Stonegate Group has delivered a 46-unit multifamily project in Natick, a western suburb of Boston. In addition to the apartments, which come in one-, two- and three-bedroom floor plans, the four-story building features four for-sale duplexes and 12,000 square feet of retail space. Finegold Alexander Architects designed the project, and Nauset Construction served as the general contractor. Rents start at $3,200 per month for a one-bedroom, market-rate apartment.

December 19, 2025

Development Florida Multifamily Seniors Housing Southeast

United Group Begins Construction on 152-Unit Active Adult Development in Winter Park, Florida

by John Nelson December 18, 2025

WINTER PARK, FLA. — The United Group of Cos. has begun construction on Terracotta Terrace, an active adult community in Winter Park, roughly six miles northeast of Orlando. Upon completion, the property will total 152 units reserved for residents age 55 and older. Residences will include one- and two-bedroom apartments, as well as penthouses. Additionally, the community will feature 12,000 square feet of amenity space. Amenities will include a pool, outdoor bar and kitchen, dog park, bocce ball, shuffleboard courts, fire pits, cabanas, a great room, café and bar area, movie theater, fitness center, yoga studio and a wellness center with a salon, massage studio and sauna. Completion of construction is scheduled for the fourth quarter of 2027. The project team includes Winter Park Construction and Forum Architecture & Design. United Plus Property Management, the management arm of United Group, will operate the community.

December 18, 2025

Acquisitions Development Multifamily New Jersey Northeast

GN Management Buys Multifamily Development Site in Jersey City, Plans 57-Story Tower

by Taylor Williams December 18, 2025

JERSEY CITY — Locally based investment and development firm GN Management has acquired a multifamily development site in Jersey City with plans to construct a 57-story tower. The waterfront site is known as Harborside 9 and is approved for the development of 579 units, as well as 14,800 square feet of retail and a 555-space parking garage. Fifteen percent (87 residences) will be set aside as affordable housing. Information on floor plans and amenities was not disclosed. Jim Pompa of Coldwell Banker brokered the sale of the site from Panepinto Properties, which recently closed on financing for a 678-unit multifamily project at Harborside, to GN Management. Construction is targeted for a 2027 commencement.

December 18, 2025

Acquisitions California Multifamily Western

Step Up Housing Acquires Multifamily Community in San Leandro, California for $47.4M

by Amy Works December 18, 2025

SAN LEANDRO, CALIF. — Sack Capital Partners and Align Finance Partners have closed on structured financing on behalf of Step Up Housing for its $47.4 million acquisition of Woodchase Apartments, an affordable multifamily property in San Leandro. Sack will also provide asset and property management for the property. Located at 2795 San Leandro Blvd., Woodchase Apartments offers 186 studio, one- and two-bedroom floor plans spread across 13 buildings. Originally built in 1976, the community includes 93 loft-style apartments with 19-foot ceiling heights. Institutional Property Advisors represented the undisclosed seller in the deal.

December 18, 2025

Colorado Development Multifamily Western

Origin Investments, Confluence Cos. to Develop 298-Unit Brickyard Apartments in Castle Rock, Colorado

by Amy Works December 18, 2025

CASTLE ROCK, COLO. — Origin Investments and Confluence Cos. have formed a joint venture to develop Brickyard Apartments in Castle Rock. The 298-unit multifamily community will be part of Confluence’s 31-acre master-planned development, The Brickyard. Situated on 3 acres, Brickyard Apartments will feature 36 studio, 149 one-bedroom, 98 two-bedroom and 15 three-bedroom residences, with rents ranging from $1,600 to $3,150 per month. Community amenities will include a rooftop pool with a hot tub, lounge sauna and cold plunge, a fitness center, private social lounge and kitchen, outdoor terrace area, golf simulator, courtyards with green space, a dog spa and covered parking. Additionally, the property will feature a for-sale 38,300-square-foot commercial condominium.

December 18, 2025

California Development Loans Mixed-Use Multifamily Retail Western

Quantum Capital Partners Secures $26M Construction Loan for Apartment Project in Rosemead, California

by Amy Works December 18, 2025

ROSEMEAD, CALIF. — Quantum Capital Partners has arranged a $26 million construction loan for Prospect Village, an apartment development in Rosemead. Kevin Wong of Quantum Capital secured the financing for the borrower, The Connected Cos., which is developing the property. Located along the Garvey Avenue corridor, Prospect Village will feature a seven-story multifamily complex offering 75 one-, two-, three- and four-bedroom residential units and 6,350 square feet of ground-floor retail space. Designed by Scale Labs Architects, the low-rise structure will feature a cascading terrace deck design at the rear, offering outdoor space and architectural interest. The project is expected to break ground immediately.

December 18, 2025

Acquisitions Illinois Midwest Multifamily

CEDARst Purchases 132-Unit Chicago Apartment Community for $34.6M

by Kristin Harlow December 18, 2025

CHICAGO — CEDARst Cos. has purchased the Weyland, a seven-story, 132-unit apartment community in Chicago, for $34.6 million. Formerly known as A.M. 1980 Apartments, the property is located at 1980 N. Milwaukee Ave. at the gateway between the city’s Bucktown and Logan Square neighborhoods. Delivered in 2018, the asset features 6,245 square feet of ground-floor retail space and a mix of Class A amenities, including a fitness center, dog run and rooftop deck with views of Lake Michigan and the Chicago skyline. The building was 95 percent occupied at the time of sale. The Weyland marks CEDARst’s second Chicago acquisition of 2025, following the purchase of The Millie on Michigan in July. The company now owns and operates more than 5,000 units in Chicago.

December 18, 2025

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