Multifamily

Joint Venture to Develop 229-Unit Multifamily Project in Shenandoah, Texas

by Taylor Williams October 23, 2025

SHENANDOAH, TEXAS — A joint venture between two Houston-based companies, Buckhead Investment Partners Inc. and Juniper Investment Group, will develop a 229-unit multifamily project in Shenandoah, about 35 miles north of Houston. The 3.2-acre site is adjacent to The Woodlands master-planned community, and the development will be known as The WoodLofts. Residences will come in studio, one-, two- and three-bedroom floor plans and will be furnished with stainless steel appliances, granite countertops, in-unit washers and dryers, and private balconies or patios with optional dog yards. Amenities will include a pool, clubhouse and leasing center, fitness center, cybercafé, media room, dog park and an outdoor kitchen. Preleasing is expected to begin in late 2026, with full completion targeted for the third quarter of 2027. Johnson Capital Multifamily, a division of Oak Real Estate Partners, provided FHA-insured construction-to-permanent financing for The WoodLofts.

October 23, 2025

Acquisitions Georgia Louisiana Southeast Student Housing

IPA Negotiates Sale of Two-Property Southeast Student Housing Portfolio Totaling 1,188 Beds

by John Nelson October 23, 2025

ATHENS, GA. AND BATON ROUGE, LA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of a two-property student housing portfolio totaling 1,188 beds in Georgia and Louisiana. The transaction included The Lodge of Athens, a 480-bed property serving students attending the University of Georgia; and Wildwood Baton Rouge, a 708-bed community located near Louisiana State University. Peter Katz of IPA — in association with Steve Greer and John Leonard of Marcus & Millichap — represented the seller, a joint venture between Alden Street Capital and an undisclosed institutional partner, and procured the buyer, Pumphouse Residential Group, in the transaction.

October 23, 2025

Affordable Housing Development Florida Multifamily Southeast

Related Urban Breaks Ground on 174-Unit Affordable Housing Community in East Tampa

by John Nelson October 23, 2025

TAMPA, FLA. — Related Urban, the affordable housing division of Related Group, has broken ground on Residences at East End, a 174-unit affordable housing community located at 5709 N. 47th St. in Tampa. Public partners City of Tampa and Tampa Housing Authority (THA) joined Related Urban at the groundbreaking ceremony held Wednesday, Oct. 22. Situated on Tampa’s east side, Residences at East End will be funded through Section 8 project-based vouchers and low-income housing tax credits (LIHTC), with funding sources including Fifth Third Bank and Raymond James. The project represents a total capital investment of $68.6 million. The community will offer two-bedroom apartments reserved for households earning 22 percent to 80 percent of the area median income (AMI). Amenities will include a standalone clubhouse, dog park, picnic areas, a pocket park and a fitness center. Construction is expected to be completed by the end of 2026.

October 23, 2025

Loans Seniors Housing Southeast West Virginia

Cambridge Realty Capital Provides $4.3M HUD-Insured Loan for Skilled Nursing Property in Elizabeth, West Virginia

by John Nelson October 23, 2025

ELIZABETH, W.VA. — Cambridge Realty Capital has provided a $4.3 million HUD 223(f) loan for the refinancing of Elizabeth Care Center, a 36-bed skilled nursing facility located at 83 Little Kanawha Parkway in Elizabeth. The lender used HUD’s new Express Lane program, which facilitated the loan to receive its firm commitment to be accepted 18 days after submission. The borrower was not disclosed, but Coplin Health Systems announced that it sold Elizabeth Care Center to the operator, Providence Health Group, in late 2024.

October 23, 2025

Acquisitions Affordable Housing Massachusetts Multifamily Northeast

Partnership Acquires 430-Unit Affordable Housing Community in Worcester, Massachusetts

by Taylor Williams October 23, 2025

WORCESTER, MASS. — A partnership between affordable housing owner-operator Jonathan Rose Cos. and local developer Schochet Cos. has acquired Plumley Village, a 430-unit community in Worcester. Plumley Village was originally developed in 1970 and rehabilitated in 2005. About 80 percent (342) of the residences are rent-subsidized as project-based Section 8 housing, and the remainder are rent-restricted under a Low-Income Housing Tax Credit land use regulatory agreement with MassDevelopment. Amenities include a community room, business center, convenience store, food pantry, laundry facilities, basketball court, playgrounds and a community garden. The Boys & Girls Club occupies the property’s ground-floor retail space. The seller was The Community Builders.

October 23, 2025

Loans Multifamily New York Northeast

Affinius Capital Provides $36M Loan for Refinancing of Brooklyn Apartment Building

by Taylor Williams October 23, 2025

NEW YORK CITY — Affinius Capital has provided a $36 million loan for the refinancing of 1885 Atlantic Avenue, an 89-unit apartment building in Brooklyn. The property is located in the Stuyvesant Heights neighborhood and offers studio, one-, two- and three-bedroom units. According to StreetEasy, amenities include a fitness center, rooftop deck, media room, package room and onsite laundry facilities. Henry Bodek of Galaxy Capital arranged the loan on behalf of the borrower, New York-based developer The Jay Group, which will also use proceeds to fund leasing costs.

October 23, 2025

Affordable Housing Development Hawaii Multifamily Seniors Housing Western

EAH Housing Completes $58M Affordable Seniors Housing Development in Hawaii

by Amy Works October 23, 2025

HILO, HAWAII — EAH Housing has opened Hale Nā Koa ‘O Hanakahi, an affordable seniors housing development in Hilo. Residences are reserved for seniors age 62 and older earning at or below 80 percent of the area median income, with preference given to veterans and surviving spouses. This marks the first affordable senior living development for veterans in Hawaii. EAH Housing developed the $58 million project in partnership with Hawaii Island Veterans Memorial Inc. The property totals 91 one-bedroom apartments across three two-story buildings, with an additional unit for an on-site property manager. Each unit comprises roughly 546 square feet. Amenities at the property include a community center with a lounge, coffee bar and fitness room. The center also features a multi-purpose room and a non-commercial kitchen for resident use. “This community is the first phase of a larger master-planned campus,” says Denise Nakanishi, chairperson of the board for Hawaii Island Veterans Memorial Inc. “Future plans include a veterans’ center and an outpatient clinic to expand healthcare access and support services for veterans and their families.” Design Partners Inc. was the architect for development, and Maryl Construction Group served as the general contractor. EAH Housing Real Estate Management will oversee operations and maintenance …

October 23, 2025

Acquisitions Illinois Midwest Multifamily Retail

Marcus & Millichap Brokers $15.5M Sale of Apartment, Retail Property in Chicago

by Kristin Harlow October 23, 2025

CHICAGO — Marcus & Millichap has brokered the $15.5 million sale of a property in Chicago comprising 22 multifamily units and five commercial suites. Located at 1542 N. Damen Ave. and 2010 W. Pierce Ave. in the Wicker Park/Bucktown neighborhood, the asset is within walking distance of the CTA Blue Line and multiple bus routes. The residential units include a mix of one- and two-bedroom floor plans. The commercial spaces are fully leased to La Colombe, Urbanbelly, Blue Line Lounge & Grill, Eccentric Fitness and the Kadampa Meditation Center. Kyle Stengle of Marcus & Millichap represented the seller and procured the buyer, Stocking Urban LLC.

October 23, 2025

Acquisitions Features Multifamily Southeast Southeast Feature Archive Virginia

Delaware Statutory Trusts Unleash the Potential for Section 1031 Exchanges

by John Nelson October 23, 2025

By Louis Rogers of Capital Square Navigating the complex tax rules of a Section 1031 exchange can be a complicated experience. For many, investing in a Delaware Statutory Trust, or DST replacement property, simplifies and streamlines the process so that more investors can enjoy the benefits of Section 1031. Introduction to Section 1031 Exchanges Section 1031 of the Internal Revenue Code, commonly referred to as a “tax-deferred exchange,” provides for the complete deferral of federal and state taxes on the sale of investment real estate. The seller must reinvest the net sale proceeds into a qualifying replacement property, which can be any type of real property. The gain that would have been recognized in a taxable sale is deferred until the replacement property is sold in a taxable transaction. Section 1031 has been in the tax code since 1921. Historically, most exchangers have acquired a “whole” property, meaning they acquired an entire replacement property. However, starting in 2002, many exchangers have acquired a fractionalized interest in their replacement property, first using the Tenant in Common (TIC) structure and, more recently, the DST structure. Instead of acquiring a whole property, they acquire a fractionalized interest or a percentage of a replacement …

October 23, 2025

Development Florida Loans Seniors Housing Southeast

CFG Provides $179.8M Construction Loan for Seniors Housing Development in Southwest Florida

by John Nelson October 22, 2025

SARASOTA COUNTY, FLA. — Capital Funding Group (CFG) has provided a $179.8 million construction loan to Erickson Senior Living. The seniors housing owner and operator will use the financing for the first phase of development of Emerson Lakes, a continuing care retirement community (CCRC) currently underway in Sarasota County. Situated within the Lakewood Ranch community, the first phase of Emerson Lakes will comprise four buildings — three residential buildings and one community building. Together, the three residential buildings will total 319 independent living units. Upon completion, Emerson Lakes will span 87 acres with 1,015 independent living residences and 130 continuing care units. Erickson will operate the community.

October 22, 2025

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