Multifamily

Eastham Capital, Bender Cos. Acquire 220-Unit Fox Run Apartments in Suburban Chicago

by Kristin Harlow September 4, 2026

ST. CHARLES, ILL. — Eastham Capital and Bender Cos. have acquired Fox Run Apartments, a 220-unit community in the western Chicago suburb of St. Charles. To date, Eastham and Bender have co-invested in 14 projects. The companies say that Fox Run Apartments presents a compelling value-add opportunity. Monthly rents at the property average $1,703. Following recent capital improvements, the business plan calls for additional upgrades across more than 80 units, including in-unit laundry and flooring updates, along with enhancements to the exterior, amenities, parking areas, landscaping, signage and security systems. Bender will also focus on strengthening leasing operations and elevating the resident experience. Originally constructed in 1973, the property includes four buildings with a mix of one-, two- and three-bedroom floor plans ranging from 650 to 1,430 square feet. Amenities include a clubhouse, fitness center, outdoor pool, grilling areas, package lockers, laundry facilities and off-street parking.

September 4, 2026

Acquisitions Midwest Multifamily Wisconsin

Greysteel Arranges $18.1M Sale of Multifamily Community in Metro Milwaukee

by Kristin Harlow September 4, 2026

CUDAHY, WIS. — Greysteel has arranged the $18.1 million sale of Cudahy Commons, a 142-unit multifamily property at 2810 E. Edgerton Ave. in the Milwaukee suburb of Cudahy. BJ Connolly, Doug Banerjee and Ryan Carter of Greysteel represented the seller, a private investor. Peak Capital acquired the asset. According to Greysteel’s newly released “Mid-Year 2026 Investor Sentiment Pulse Check,” 84 percent of respondents plan to increase their Midwest multifamily exposure over the next 12 to 18 months.

September 4, 2026

Loans Multifamily Texas

JLL Arranges $78.7M Loan for Refinancing of East Dallas Apartment Community

by Taylor Williams September 4, 2026

DALLAS — JLL has arranged a $78.7 million loan for the refinancing of The Flynn at Live Oak, a 327-unit apartment community in East Dallas. The five-story, newly constructed building offers studio, one- and two-bedroom units with an average size of 832 square feet. Amenities include a pool, outdoor courtyards with fire pits and grilling stations, a sky lounge, fitness center with outdoor yoga space, coworking lounge and a grab-and-go convenience store. Lucas Borges, Lauren Dow, Sam Tarter, Aidan Flanagan and Christian Johnston of JLL arranged the loan through private equity firm Blue Owl Capital on behalf of the owner, a partnership between Conor Commercial Real Estate and Globe Corp.

September 4, 2026

Development Seniors Housing Texas Top Stories

Texas City Commission Approves 1,318-Acre Latitude Margaritaville Development on Texas Gulf Coast

by Abby Cox September 4, 2026

TEXAS CITY, TEXAS — The Texas City Commission has approved the development of Latitude Margaritaville, a 1,318-acre active adult master-planned community in Texas City, a coastal city along Galveston Bay and near the Gulf of Mexico. The project, which will be led by Minto Communities USA and Margaritaville Holdings, will be situated about 40 miles southeast of Houston between Texas Highways 3 and 146, north of the Emmett F. Lowry Expressway and extending toward Moses Bayou. This project marks the first Latitude Margaritaville community in the state and the collaboration’s first development in Texas. Plans for Latitude Margaritaville Galveston Bay call for approximately 3,500 residences that include single-family, village and cottage-style homes for residents ages 55 and up. The homes will feature the Latitude Margaritaville brand’s casual, island-inspired aesthetics with open-concept floorplans, indoor-outdoor living spaces and abundant natural light. Signature amenities across the Latitude Margaritaville portfolio include a town square with a bandshell for live music and dancing; a Fins Up! Fitness Center; Latitude Bar & Chill restaurant; Workin’ N’ Playin’ Center; Last Mango Theater; Paradise Pool; Changes in Attitude poolside tiki bar; tennis, pickleball and bocce ball courts; and the Barkaritaville Dog Park and Pet Spa, in addition to …

September 4, 2026

Acquisitions Multifamily Texas

Newmark Arranges Sale of 1,027-Unit Multifamily Portfolio in North Austin

by Taylor Williams September 3, 2026

AUSTIN, TEXAS — Newmark has arranged the sale of a portfolio of three multifamily properties totaling 1,027 units in North Austin. The portfolio comprises The Enclave at La Frontera (411 units), Lakeside at La Frontera (366 units) and Legends Lake Creek (250 units). The properties were all built in the early 2000s and have an average unit size of 936 square feet. Amenities include pools, outdoor grilling areas, resident lounges, fitness studios and pet-friendly facilities. Patton Jones and Andrew Dickson of Newmark represented the seller, San Antonio-based owner-operator LYND, in the transaction. Tip Strickland and David Schwarz, also with Newmark, arranged acquisition financing on behalf of the buyer, Knightvest Capital.

September 3, 2026

California Development Loans Multifamily Western

CEDARst Cos. Receives $80M Construction Loan for The Samuel Multifamily Property in San Diego

by Amy Works September 3, 2026

SAN DIEGO — Chicago-based CEDARst Cos. has received an $80 million construction loan forThe Samuel, a 197-unit multifamily project that will be located in San Diego’s North Park neighborhood. Zach Kersten, Jack Wood and Ben Choromanski of JLL arranged the three-year, floating rate loan through Boston-based CrossHarbor Capital Partners. Located at 2821 Adams Ave., The Samuel will be an eight-story building with studio, one- and two-bedroom units. Community amenities will include a pool, fitness center, coworking lounge, fire pits, game deck and a rooftop lounge with an outdoor kitchen. Construction is expected to begin later this year with completion slated for the fourth quarter of 2028.

September 3, 2026

California Development Multifamily Student Housing Western

Gilbane, CBRE IM Complete 484-Bed Student Housing Project Near University of California, Berkeley

by Amy Works September 3, 2026

BERKELEY, CALIF. — A partnership between Gilbane Development and CBRE Investment Management (IM) has completed Pique, a 484-bed student housing development located at 2587 Telegraph Ave. near the University of California, Berkeley campus. Construction of the property commenced in October 2025. The eight-story community offers 53 units in four-, five- and six-bedroom configurations with bed-to-bath parity. Shared amenities include an indoor/outdoor yoga and fitness center, outdoor study terraces, two rooftop decks, a community terrace, coworking lounge and smart food lockers and private study pods on each floor. The property also features 2,900 square feet of ground-floor retail space.

September 3, 2026

Florida Loans Multifamily Southeast

Newmark Arranges $215.8M Refinancing for Waypoint Multifamily Portfolio in Florida

by John Nelson September 3, 2026

TAMPA, FLA. — Newmark has arranged $215.8 million in bridge financing for a five-property multifamily portfolio in Florida. Matthew Williams, Rob Wright, James Maynard and Kyle Schlitt of Newmark arranged the construction takeout financing through Benefit Street Partners on behalf of the borrower, Waypoint Residential. The 1,274-unit portfolio comprises newly constructed properties in Vero Beach, Port St. Lucie, Palm Bay, Davenport and Gainesville.

September 3, 2026

Development Multifamily Texas

Southeastern Tops Out 330-Unit Multifamily Redevelopment Project in Houston

by Taylor Williams September 3, 2026

HOUSTON — Georgia-based developer Southeastern has topped out a 330-unit multifamily redevelopment project in the Montrose neighborhood of Houston. Artis Montrose is a conversion of the site of the former “Disco Kroger” into a seven-story apartment building that will feature one- and two-bedroom units. Residences will range in size from 549 to 1,607 square feet. Amenities will include a pool, pet spa, outdoor workspaces, grilling stations, a clubroom, cyber lounge and a Zen garden. DCS Design is the project architect, and Arch-Con Corp. is the general contractor. The first units are expected to be available for occupancy in late 2027.

September 3, 2026

Development Loans Midwest Minnesota Multifamily

JLL Secures $76.3M in Financing for Luxury Apartment Development in West St. Paul

by Kristin Harlow September 3, 2026

WEST ST. PAUL, MINN. — JLL Capital Markets has arranged $76.3 million in financing for Thompson Oaks, a 291-unit luxury apartment community to be built in West St. Paul. Josh Talberg, Scott Loving, Will Hintz and Jack Graveline of JLL represented the borrower, Greco and Swervo Management. First International Bank & Trust provided a $63 million loan, which features a four-year term and a floating interest rate. JLL also sourced $13.3 million from WhiteStar Advisors. Construction will begin immediately following closing. The five-story development will offer a mix of alcoves, one-, two- and three-bedroom units, as well as 19 townhome-style units. The development team will also lead a renovation of a former auto parts shop, creating an additional 7,100 square feet of commercial retail space. Amenities will include an outdoor pool, golf simulator, wellness center, work-from-home spaces, a theater room, clubroom, private dining area and underground parking. The project is a public-private partnership with the City of West St. Paul. Upon completion, the public components will include significant park improvements with connections to the regional trail system. The project, which will be built by Frana Cos. and designed by BKV Group, represents the initial phase of a master redevelopment of …

September 3, 2026

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