WHEAT RIDGE, COLO. — Pinnacle Real Estate Advisors has arranged the sale of a multifamily property, located at 3730 Miller Court in Wheat Ridge. The building sold for $2.4 million, or $265,556 per unit. Built in 1960, the property offers nine apartments. Josh Newell and Connor Knutson of Pinnacle Real Estate Advisors represented the undisclosed seller and undisclosed buyer in the deal.
COLLEGE PARK, MD. — A public-private partnership (P3) between Campus Apartments, Mosaic Development Partners and the University of Maryland has broken ground on a $148.8 million graduate student housing project on the university’s campus in College Park. The community is the first of a larger, three-phase development that will replace the existing “Leonardtown” section of campus. Upon completion, which is anticipated for 2027, the building will span 323,000 square feet. The community will offer 741 beds across 465 fully furnished units in studio, two-, three-, four- and five-bedroom configurations. Shared amenities will include a large conference space with interior and exterior courtyards on the ground floor; a penthouse community lounge and terrace; various community breakout spaces; resident parking; and bike storage. The development team for the project, which is targeting LEED Silver certification, includes Gensler, Michael Marshall, Davis Construction and Smoot Construction. RBC Capital Markets arranged financing for the development, which is being funded through tax-exempt bonds.
DALLAS — OHT Partners has begun a multifamily conversion project in Dallas. The Austin-based developer will convert the former Ambassador Hotel, located just southeast of downtown, into a 299-unit apartment complex. Known as Ambassador, the complex will offer studio, one- and two-bedroom units that will range in size from 502 to 1,539 square feet. Amenities will include a pool, fitness center, coworking lounge, package lockers, dog park, minimart and indoor/outdoor club with a kitchen. Corgan is the project architect. The first units could be available for occupancy as early as third-quarter 2026.
ANAHEIM, CALIF. — Western National Property Management (WNMP) has opened Link OC Apartments, a multifamily community located at 1075 N. Link in Anaheim. Situated adjacent to Anaheim Canyon Metrolink, Link OC Apartments offers 406 studio, one- and two-bedroom residences spread across two five-story buildings. Units feature a complete kitchen appliance package, in-home washer/dryer, quartz slab countertops with full-height tile backsplashes and wood plank-style flooring. Community amenities include two swimming pools and spas, two fitness centers, two clubhouses, two rooftop decks with barbecue grills, a business center with coworking space, courtyards with barbecue grills, bike storage, electric vehicle charging stations and complimentary Wi-Fi. WNPM, a subsidiary of Western National Group, will serve as property manager for Link OC Apartments.
SACRAMENTO, CALIF. — Dwight Capital has provided a $32.6 million HUD 223(f) refinance for Westlake Apartments, a lakeside multifamily complex in Sacramento. The borrower, Tesseract Capital Group, will use proceeds from the loan to retire existing debt and complete property enhancements. The financing also benefited from a Green Mortgage Insurance Premium (MIP) Reduction to 25 basis points, as Westlake Apartments holds a National Green Building Standard Bronze certification. Situated on 5.9 acres, Westlake Apartments offers 13 two-story residential buildings with 148 renovated one- and two-bedroom units and three amenity buildings. Community amenities include a fitness center, pool, spa and resident-only access to a private beach on Lake Greenhaven.
NORTH ANDOVER, MASS. — A public-private partnership between South Carolina-based developer Greystar and Merrimack College has broken ground on a 540-bed residence hall on the university’s campus in North Andover. The development will consist of two four-story buildings. The first building will span 79,600 square feet and offer 351 “traditional style” beds with academic space and gathering areas on the first floor. The second, 61,300-square-foot building will offer 189 beds in suite-style units with en-suite living rooms and bathrooms throughout. The community, which will offer housing for first- and second-year students, will also include a fitness center and in-building laundry facilities. Cube3 Architects designed the project, which is slated for a fall 2026 completion.
MINNETONKA, MINN. — Associated Bank has provided a $55 million construction financing package for a 269-unit apartment complex in the Minneapolis suburb of Minnetonka. Greystar is developing the project, which is named Marlowe Opus Station. Amenities will include a pool, courtyard, fitness room, clubroom, sauna, pet wash, private work-from-home offices, bike storage, structured parking, electric vehicle charging stations and storage units. Demolition is currently underway on the vacant office building on the site. Completion is slated for fall 2026. The project is within the 550-acre Opus 2 Parkway, which comprises a mixture of office, industrial, commercial and residential uses. Edward Notz of Associated Bank originated the loan.
RIFLE, COLO. — Chicago-based Evergreen Real Estate Group has commenced construction on Rifle Apartments, an income-restricted apartment community in Rifle, a city in western Colorado along I-70. Filling a vacant 4.7-acre site at 115, 123 and 131 Park Ave., Rifle Apartments will be the first family-oriented Low-Income Housing Tax Credit (LIHTC) project built in Rifle over the past 20 years. Slated for completion for fall 2025, Rifle Apartments will offer 30 one-bedroom units, 20 two-bedroom units and 10 three-bedroom units spread across three three-story buildings. The apartments are reserved for households earning between 30 percent and 80 percent of the area median income (AMI). Of the 60 total apartments, 14 will be set aside as project-based voucher units for families who are at or below 30 percent AMI. Homes will feature open layouts with market-comparable finishes, including vinyl plank flooring, LED lighting, full kitchens with Energy Star-rate appliances, baths with step-in showers and low-flow plumbing fixtures and in-unit laundry. Onsite amenities will include a community room, fitness room, storage lockers and abundant green space that includes a playground. Additionally, the property will offer 115 free parking spaces, including electric vehicle charging stations. Designed by ej architecture, Rifle Apartments will be …
POHATCONG, N.J. — Locally based developer Larken Associates has completed Monte View at Pohatcong, a 120-unit multifamily project located near the Pennsylvania-New Jersey border near Easton. The garden-style property consists of three multi-story buildings and one four-story building with a ground-floor clubhouse. Units come in one- and two-bedroom floor plans. Other amenities include a pool, fitness center and a dog run. Construction began in November 2023. Rents start at roughly $2,000 per month for a one-bedroom apartment.
HOUSTON — Colliers has brokered the sale of Oaks of Kingwood, a 152-unit multifamily property in Kingwood, a master-planned community in northeast Houston. Oaks of Kingwood was originally built in two phases between 1984 and 1999 and offers one- and two-bedroom units with an average size of 876 square feet. Chip Nash, Bob Heard and Jaleel Adatia of Colliers represented the seller, an entity doing business as Kingwood Houston Oaks LP, in the deal. The buyer and sales price were not disclosed. Oaks of Kingwood was 99 percent occupied at the time of sale.
