Multifamily

CBRE Arranges Loan for Refinancing of 181-Unit Apartment Complex in San Antonio

by Taylor Williams August 21, 2026

SAN ANTONIO — CBRE has arranged a loan of an undisclosed amount for the refinancing of a Citadel Urban, a 181-unit apartment complex in San Antonio’s Westover Hills submarket. Citadel Urban was completed in 2024 and consists of two three-story buildings on a 5.5-acre site. Units come in one-, two- and three-bedroom floor plans, and amenities include a pool, fitness center, coworking space, coffee bar, resident lounge and outdoor grilling and dining stations. John Fenoglio and Brock Hudson of CBRE arranged the loan on behalf of the owner, Houston-based Cambridge Development Group. The direct lender was not disclosed.

August 21, 2026

Development Florida Southeast Student Housing

Portman, 908 Group Deliver 674-Bed Student Housing Community Near Florida State University

by Abby Cox August 21, 2026

TALLAHASSEE, FLA. — Atlanta-based Portman and Tampa-based 908 Group, along with Canyon Partners Real Estate and PTM Partners, have opened The Hall, a 674-bed student housing community near Florida State University (FSU) in Tallahassee. Situated adjacent from Legacy Hall, the new home of the FSU College of Business, The Hall features 191 apartments across two mid-rise buildings. Amenities at the complex include two swimming pools, two fitness centers, property-wide Wi-Fi, 425 parking spaces and 7,689 square feet of ground-floor retail.

August 21, 2026

Acquisitions Multifamily New Jersey Northeast

Cushman & Wakefield Arranges $131M Sale of Apartment Building in West Orange, New Jersey

by Taylor Williams August 21, 2026

WEST ORANGE, N.J. — Cushman & Wakefield has arranged the $131 million sale of Edison Lofts, a 334-unit apartment building in West Orange, located in Northern New Jersey’s Essex County. Edison Lofts comprises two buildings: a 300-unit conversion of the historic Thomas Edison Battery Building and a 34-unit ground-up building known as The Mews at Edison Lofts. The property, which was 95 percent occupied at the time of sale, offers amenities such as a fitness center, indoor pool, resident lounges and outdoor gathering spaces, as well as 19,000 square feet of retail space. Niko Nicolaou, Ryan Dowd, J.P. Hohl, Michael Guerra, Kelly Kellett and Alexandria Russo Ebers of Cushman & Wakefield represented the seller, a partnership led by Prism Partners, in the transaction and procured the buyer, Sym Investments. John Alascio, Brad Domenico and Chuck Kohaut, also with Cushman & Wakefield, arranged a $91.7 million acquisition loan through New York Life in conjunction with the sale.

August 21, 2026

Development Illinois Midwest Multifamily

First Move-Ins to Begin Soon at The Bellwether Office-to-Residential Conversion Project in Chicago

by Kristin Harlow August 21, 2026

CHICAGO — First move-ins are expected to begin later this month or early September for The Bellwether, an office-to-residential conversion of the building at 79 W. Monroe in Chicago’s Loop. RMK Management Corp. has been hired to oversee leasing and property management for the 14-story, 117-unit community, which is currently 57 percent leased. Originally built in 1905, the property underwent a major expansion in 1924, serving as office space and a bank headquarters over the years. In 2025, R2 Cos. began redevelopment of the structure. The project marks the first office-to-residential conversion to be completed as part of the city’s LaSalle Street revitalization initiative, which provides private funding and tax-increment financing assistance for mixed-income residential projects and other neighborhood-oriented amenities in the corridor. The Bellwether features studio, one- and two-bedroom units measuring 425 to 1,178 square feet, with rents ranging from $1,996 to $4,887 per month. The property includes 41 Affordable Requirements Ordinance units. Amenities include a variety of remote workspaces on the 14th floor, a bar area, fitness center, two sauna rooms, a game room, dog spa and rooftop deck.

August 21, 2026

Development Multifamily Seniors Housing Texas

Core Spaces Breaks Ground on 2,201-Bed Student Housing Project Near Texas A&M University

by Taylor Williams August 20, 2026

COLLEGE STATION, TEXAS — Core Spaces has broken ground on Hub College Station, a 2,201-bed student housing project near the Texas A&M University campus in College Station’s Northgate District. The project will include two seven-story buildings that will house 570 units in various configurations upon completion, which is planned ahead of the 2028-2029 academic year. Shared amenities are set to include a rooftop pool and hot tub; 14,000-square-foot wellness center with indoor and outdoor training tracks, an indoor half-court basketball court, yoga studios, putt-putt course, golf simulator and dedicated spa; study lounges with private study spaces and collaboration rooms; and indoor and outdoor social spaces. The development team for the project includes Treehouse Construction and Antunovich Associates. Pacific Life provided construction financing.

August 20, 2026

Loans Multifamily Texas

Dwight Capital Provides Two HUD-Insured Loans Totaling $95.5M for Refinancing of Corpus Christi Apartments

by Taylor Williams August 20, 2026

CORPUS CHRISTI, TEXAS — New York City-based Dwight Capital has provided two HUD-insured loans totaling $95.5 million for the refinancing of a pair of garden-style apartment complexes in Corpus Christi. In the first deal, Dwight originated a $48.2 million loan for La Joya by Azali, a waterfront property that consists of 336 units across 14 buildings. In the second transaction, Dwight funded a $47.3 million loan for Azali Heights, which features 312 units across 13 buildings. The properties, which were built in 2015 and 2024, respectively, both offer one-, two- and three-bedroom units with private patios and balconies and amenities such as pools, business centers, fitness centers, dog parks and playgrounds. Proceeds from both loans were used to retire existing debt, fund property enhancements, cover closing costs and establish replacement reserve accounts for future capital improvements. Andrew Tichy of Dwight originated both loans through HUD’s 223(f) program. The borrower was Azali Homes.

August 20, 2026

Acquisitions Connecticut Healthcare Industrial Multifamily New Jersey New York Northeast Retail

Cushman & Wakefield Arranges $450M Sale of Tri-State Commercial Portfolio

by Taylor Williams August 20, 2026

NEW YORK CITY — Cushman & Wakefield has arranged the $450 million sale of a four-property commercial portfolio located throughout the greater New York City area. The portfolio comprises existing multifamily, retail, healthcare and industrial buildings spanning roughly 4 million square feet, as well as multiple development sites totaling roughly 300 acres, in the following markets: East Fishkill, N.Y., Edgewater, N.J., Norwalk, Conn. and Yonkers, N.Y. Specifically, the portfolio includes iPark 84, a 270-acre, 1.8 million-square-foot industrial campus in East Fishkill that was originally built to be IBM’s flagship semiconductor manufacturing plant and can support another 1.5 million square feet of new development. Other properties within the portfolio include Edgewater Harbor, a 262-unit waterfront apartment complex with 60,000 square feet of retail space; a 400,000-square-foot mixed-use development in Norwalk that is anchored by a Northwell Health medical outpatient facility; and Trilogy Lofts, a newly constructed, 97-unit apartment building in Yonkers. Andy Merin, Frank DiTommaso and Ryan Dowd of Cushman & Wakefield represented the undisclosed seller in the transaction. The buyer was a partnership between New York-based Saber-Hightower, Waterfall Asset Management and Dallas-based Lincoln Property Co. John Alascio, Alex Hernanez, Brad Domenico, Chuck Kohaut and Mitch Rothstein, also with Cushman …

August 20, 2026

Development Loans Multifamily New York Northeast

Dwight Mortgage Trust Provides $55M Construction Loan for Multifamily Project in Kaser, New York

by Taylor Williams August 20, 2026

KASER, N.Y. — Dwight Mortgage Trust, the affiliate REIT of New York City-based Dwight Capital, has provided a $55 million construction loan for a 104-unit multifamily project that will be located at 10 Ashel Lane in Kaser, about 40 miles northwest of New York City. The property will feature one-, two-, three-, and four-bedroom units and 45,000 square feet of ground-floor commercial space that will be home to a grocery store and urgent care clinic. Steven Hersko of The SHB Group arranged the loan on behalf of the borrower, Sky Equity Group. A tentative completion date was not announced.

August 20, 2026

Acquisitions Multifamily New York Northeast

Marcus & Millichap Brokers $23.5M Sale of Brooklyn Apartment Building

by Taylor Williams August 20, 2026

NEW YORK CITY — Marcus & Millichap has brokered the $23.5 million sale of a 122-unit apartment building located in Brooklyn’s Midwood neighborhood. The doorman- and elevator-served building at 1000 Ocean Parkway was constructed in 1964 and renovated in 2021. Information on floor plans and amenities was not disclosed. Matt Fotis of Marcus & Millichap represented the seller, a local family, in the transaction and procured the buyer, Brooklyn-based FM Home Loans.

August 20, 2026

Acquisitions Colorado Multifamily Western

Rainier Cos. Sells Multifamily Community in Fort Collins, Colorado for $62.7M

by Amy Works August 20, 2026

FORT COLLINS, COLO. — The Rainier Cos. has sold Seasons at Horsetooth Crossing, a garden-style multifamily community in Fort Collins, for $62.7 million. Located at 1020 Wabash St., Seasons at Horsetooth consists of 26 two-story buildings offering a total of 208 one-, two- and three-bedroom units averaging 1,038 square feet. Community amenities include a clubhouse, fitness center, pool, business center, courtyard, barbecue grills and bike storage. Additionally, partaking is available via assigned parking and detached garages. Jordan Robbins, Wick Kirby, Alex Possick and Seth Gallman of JLL Capital Markets Investment Sales and Advisory team represented the seller in the deal. The buyer was a Delaware Statutory Trust (DST) sponsored by Hamilton Zanze, a San Francisco-based multifamily real estate investment firm. Tyler Ford of JLL Capital Markets Debt Advisory originated the 10-year, $38.8 million acquisition loan on behalf of the Hamilton Zanze-sponsored DST through Freddie Mac.

August 20, 2026

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