Multifamily

Priority Capital Closes $174M Financing for Multifamily Project in Santa Maria, California

by Amy Works January 16, 2026

SANTA MARIA, CALIF. — Priority Capital Advisory, led by Founder and President Zachary Streit, has closed on $174 million in construction financing on behalf of the ownership of Blosser Ranch, a 160-acre master-planned development in Santa Maria. The financing funds both horizontal and vertical construction for the first phase, a three-story, 302-unit, garden-style apartment community on 12 acres. Additionally, the funding recapitalizes the remaining land within the entire development, positioning the borrower for the project’s six future subphases. The structured capital stack financing includes: The Class A multifamily property will feature studio, one-, two- and three-bedroom floor plans ranging in size from 490 to 1,188 square feet. Community amenities will include a pool and spa, clubhouse, fitness center, business center, outdoor barbecues, fire pits, a pet park and a playground. Completion of the first phase is slated for summer 2027. Upon full build-out, Blosser Ranch is planned to include approximately 1,500 single-family and multifamily residential units, retail space, a public park, a school and a water retention basin.

January 16, 2026

Acquisitions Montana Multifamily Western

IPA Negotiates Sale of 288-Unit Talus Apartment Homes in Central Montana

by Amy Works January 16, 2026

GREAT FALLS, MONT. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Talus Apartment Homes, a multifamily property in Great Falls. Brock Zylstra and Danny Shin of IPA, in association with Adam Christofferson as Marcus & Millichap’s broker of record in Montana, represented the seller and procured the buyer in the deal. Terms of the transaction were not released. Built in two phases in 2015 and 2018, Talus Apartment Homes features 288 studio, one- and two-bedroom layouts with open concept living areas. All units offer stainless steel appliances, modern cabinetry and washers and dryers. Community amenities include a resort-style swimming pool, 24-hour fitness center and a clubhouse with a theater and media room.

January 16, 2026

Development Loans Multifamily Texas

AREP, PACE Equity Provide Financing for Multifamily Project in Celina, Texas

by Taylor Williams January 15, 2026

CELINA, TEXAS — Aquarian Real Estate Partners (AREP), the real estate investment arm of Aquarian Holdings, and PACE Equity LLC have provided financing for Jefferson Ownsby, a 436-unit multifamily project in the North Texas city of Celina. The financing consists of a senior construction facility from advisory clients of AREP and $23.5 million in C-PACE financing from PACE Equity. Jefferson Ownsby will be a four-story, garden-style property that will offer amenities such as a pool, fitness center, dog park and a clubhouse. The borrower is JPI. The groundbreaking of the project took place in early December, and completion is slated for late 2027.

January 15, 2026

Development Loans Multifamily New York Northeast Office

IPA Arranges $93.5M Construction Loan for Office-to-Residential Conversion Project in Manhattan

by Taylor Williams January 15, 2026

NEW YORK CITY — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged a $93.5 million construction loan for an office-to-residential conversion project in Manhattan. The 13-story, 147,101-square-foot office building at 830 Third Ave. was built in 1958 and renovated in 1994 and includes 7,121 square feet of ground-floor retail space. The borrower, a joint venture between Namdar Realty Group and Empire Capital Holdings, plans to convert the property into a 188-unit apartment complex with 124 studios, 60 one-bedroom units and four two-bedroom units. Marko Kazanjian, Max Herzog, Max Hulsh and Andrew Cohen of IPA arranged the financing through Deutsche Bank on behalf of the developer.

January 15, 2026

Affordable Housing Development Mixed-Use Multifamily South Carolina Southeast

FRP Development, Woodfield Begin Vertical Construction on Woven Mixed-Use Project in Greenville

by John Nelson January 15, 2026

GREENVILLE, S.C. — FRP Development Corp. and Woodfield Development have begun vertical construction at Woven, a mixed-use development underway at 1279 Pendleton St. in Greenville’s Village of West Greenville neighborhood. Slated for completion in fourth-quarter 2027, Woven will feature 214 one-, two- and three-bedroom apartments, including some workforce housing units. The project will also include 13,000 square feet of commercial space, public parking and more than 40,000 square feet of public open space, including a pocket park. The developers received $42.9 million in construction financing from Bank of Texas for the project. The design-build team includes general contractor CF Evans, architect Housing Studio and interior designer Shelton Taylor + Associates.

January 15, 2026

Development Florida Southeast Student Housing

BCDC, 908 Group to Break Ground on 511-Bed Student Housing Development Near FSU

by John Nelson January 15, 2026

TALLAHASSEE, FLA. — A joint venture between BCDC and 908 Group is set to break ground on Chapter House FSU, a 511-bed student housing development located at 601 W. Madison St. and 506 W. Gaines St. near the Florida State University (FSU) campus in Tallahassee. The two-building community will offer 129 units alongside 4,000 square feet of ground floor retail space. The development team for the project includes Humphreys & Partners, Culpepper Construction and Moore Bass Consulting. Asset Living has been tapped to manage the community upon completion. Pacific Life is serving as lender on the project with Marble Capital providing preferred equity. Further details on the community, including a timeline for completion, were not released.

January 15, 2026

Acquisitions Florida Multifamily Southeast

Bell Partners Purchases 350-Unit Apartment Community in Maitland, Florida

by John Nelson January 15, 2026

MAITLAND, FLA. — Bell Partners has purchased Trelago, a 350-unit apartment community located at 601 Trelago Way in Maitland, about nine miles north of Orlando. The Greensboro, N.C.-based investment firm has rebranded the property as Bell Trelago. Bell Partners purchased the community on behalf of the company’s Bell Growth & Income Fund from the undisclosed seller. Walker & Dunlop brokered the transaction. The sales price was not disclosed. Built in 2019, Bell Trelago is situated on 20 acres and offers views of Lake Hope. Amenities include a resort-style pool and pool deck, fitness center and lakefront amenities. The property is part of the 135-acre Trelago mixed-use project that will feature a Trader Joe’s grocery store.

January 15, 2026

Acquisitions California Development Multifamily Western

JPI Closes on Development Site for 394-Unit Multifamily Project in Murrieta, California

by Amy Works January 15, 2026

MURRIETA, CALIF. — JPI has closed on Parcel A at the intersection of Jefferson Avenue and Murrieta Hot Springs Road in Murrieta for the development of a multifamily property. Slated for delivery in second-quarter 2028, the four-story, garden-style community will feature 394 one-, two- and three-bedroom apartments, a fitness center with indoor workout space and stretching room, resident clubhouses and a covered logia with various lounge spaces, TVs and games. Additional amenities will include swimming pools, a lap pool, two hot tubs, multiple private cabanas, an outdoor kitchen with barbecues, outdoor fireplaces, community co-workspace, a pet spa, a large dog park, bicycle storage and repair space and electric vehicle parking.

January 15, 2026

Acquisitions Arizona Multifamily Western

Bascom Group Acquires Value-Add Multifamily Community in Tucson for $53.4M

by Amy Works January 15, 2026

TUCSON, ARIZ. — Bascom Arizona Ventures, an affiliate of Irvine, Calif.-based The Bascom Group, has acquired The Retreat at Speedway in Tucson for $53.4 million via a value-add investment fund. The seller was Wiedner Apartment Homes. Institutional Property Advisors, a division of Marcus & Millichap, arranged the deal on behalf of Wiedner, as well as a loan from BrightSpire Capital Acquisitions LLC. Arizona-based property manager Bryten Real Estate Partners will manage the property. Built in 2001, the two-story Retreat at Speedway is comprised of one- and two-bedroom floor plans and amenities such as a pool, hot tub, fitness center and a clubhouse. Bascom is planning to renovate the amenity spaces and units.

January 15, 2026

Oxford-at-the-Boulevard-Phase-II-Corinth

Development Loans Multifamily Texas

Dwight Capital Provides $31M HUD-Insured Construction Loan for North Texas Multifamily Project

by Taylor Williams January 14, 2026

CORINTH, TEXAS — New York City-based Dwight Capital has provided a $31 million, HUD-insured construction loan for a 172-unit multifamily project that will be located in the North Texas city of Corinth. The project represents Phase II of a larger development known as Oxford at the Boulevard and will consist of five garden-style residential buildings, four parking garages, a dog park and onsite storage units. Phase I of Oxford at the Boulevard delivered 193 units. Brandon Baksh and Brian Yee of Dwight originated the nonrecourse loan through HUD’s 241(a) program for the borrower, Oxford Enterprises.

January 14, 2026

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