Monday, September 14, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Multifamily

DevelopmentIndianaMidwestMultifamilyStudent HousingWisconsin

Starwood Capital, Trinitas to Develop Three Student Housing Communities Totaling 2,046 Beds

by Kristin Harlow

CARMEL, IND. AND MIAMI BEACH, FLA.— Starwood Capital Group and Trinitas Ventures have formed a joint venture to develop three student housing communities totaling 2,046 beds. Projects include Atmosphere Pittsburgh, a 672-bed development located at 217 Halket St. near Carnegie Mellon University in the city’s Oakland neighborhood; Atmosphere Norman, a 677-bed project located at 310 East Boyd St. near the University of Oklahoma in Norman; and Atmosphere on Mifflin, a 697-bed development located at 619 West Mifflin St. near the University of Wisconsin-Madison campus. All three communities are scheduled for completion in summer 2028. Ryan Lang led Newmark’s student housing team in arranging the joint venture. Trinitas Ventures is headquartered in Carmel, and Starwood Capital Group is headquartered in Miami Beach.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIllinoisMidwestMultifamily

Fengate, Mavrek Break Ground on 25-Story Apartment Tower in Chicago’s West Loop

by Kristin Harlow

CHICAGO — Fengate Asset Management and Mavrek Development have broken ground on Julep West Loop, a 25-story apartment tower in Chicago’s West Loop neighborhood. The development will include 380 units, including 76 affordable units, alongside more than 21,500 square feet of commercial space to be anchored by an international grocery store. Amenities will include a rooftop pool with cabanas, outdoor fire pits, a fitness center, pickleball court, half-court basketball court, dog run and grooming facilities, resident lounges, 24-hour concierge service, bike storage and electric vehicle charging stations. Skender is serving as general contractor. Construction is expected to take 21 months, with first occupancy anticipated in early 2028.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMidwestMinnesotaMultifamily

Gantry Arranges $48.3M in Financing for Multifamily Property in Maple Grove, Minnesota

by Kristin Harlow

MAPLE GROVE, MINN. — Gantry has arranged a $48.3 million permanent Freddie Mac loan to retire construction financing for The Edison at Maple Grove, a multifamily property in Maple Grove, about 20 miles northwest of Minneapolis. The two-building, five-story asset features 248 units along with two stories of heated underground parking and an additional 149 surface parking spaces. Floor plans include one-, two- and three-bedroom layouts. Amenities include a pool, rooftop clubhouse, business center, fitness center, dog park and playground. Joe Monteleone and Bonnie Monteleone of Gantry represented the borrower, a private real estate investor. The 10-year, fixed-rate loan features interest-only payments for the full term.

Continue Reading
FacebookTwitterLinkedinEmail
Woodland-Cottages-Sherman
Build-to-RentDevelopmentMultifamilySeniors HousingSingle-Family RentalTexas

Carbon Shepherd Completes 84-Unit Independent Living Project in Sherman, Texas

by Taylor Williams

SHERMAN, TEXAS — Dallas-based Carbon Shepherd Development has completed an 84-unit independent living project in the North Texas city of Sherman. Woodland Cottages Sherman offers one- and two-bedroom units that are reserved for renters age 55 and above. Amenities include a pool, fitness center, game room and a pickleball court, as well as onsite staffing and programming. Additionally, two-bedroom units at Woodland Cottages Sherman feature attached single-car garages. Information on starting rents was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentSoutheastStudent HousingTennessee

RISE, University of Tennessee Complete 1,024-Bed Residence Hall

by John Nelson

KNOXVILLE, TENN. — A public-private partnership between RISE: A Real Estate Co. and the University of Tennessee has completed Torchbearer Hall, a 1,024-bed residence hall development on the institution’s campus in Knoxville. The project is Phase II of a larger development plan that has delivered 3,000 beds to date. The property features a centralized hub with reception areas, staff offices, community kitchens and lounges. Additional shared amenities include study rooms, multipurpose spaces, resident gathering areas and laundry facilities. The development team for Torchbearer Hall included Niles Bolton Associates, Cope Architecture, Blaine Construction, Brailsford & Dunlavey, RBC Capital Markets and Provident Resources Group.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMississippiMultifamilySoutheast

Northmarq Provides Agency Loan for 261-Unit Apartment Community in Jackson

by John Nelson

JACKSON, MISS. — Northmarq has provided a Fannie Mae loan for the permanent financing of The District Lofts, a six-story, 261-unit apartment community located at 120 District Blvd. E in Jackson. Chimnay Bhatt, Cody Kirkpatrick, Noam Franklin and Brian Fisher of Northmarq originated the five-year, fixed-rate loan on behalf of the borrower, NorthRock Cos. The loan amount was not disclosed. Built in 2017 within The District at Eastover mixed-use development, The District Lofts features mix of studio, one- and two-bedroom apartments, as well as an elevated saltwater pool, two outdoor kitchens, fitness studio and valet trash removal service.

Continue Reading
FacebookTwitterLinkedinEmail
Commons-Sawmill-Flagstaff-AZ.jpg
ArizonaLoansMultifamilyStudent HousingWestern

TSB Capital Arranges Refinancing for 448-Bed Student Housing Community Near Northern Arizona University

by Amy Works

FLAGSTAFF, ARIZ. — TSB Capital Advisors has secured a refinancing for Commons at Sawmill, a 448-bed student housing community located near the Northern Arizona University campus in Flagstaff. TSB placed a floating-rate loan through Old National Bank on behalf of the borrower, a joint venture between Coastal Ridge Real Estate and Real Estate at Goldman Sachs Alternatives. Delivered in 1992 and renovated in 2023, the community offers 194 units in a mix of studio, two- and four-bedroom configurations. Shared amenities include a clubhouse, fitness center, study lounge, conference space and an outdoor courtyard with grilling stations.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMultifamilyNevadaWestern

BWE Secures $71M in Acquisition Financing for Las Vegas Multifamily Portfolio

by Amy Works

LAS VEGAS — BWE has secured $71 million for the acquisition of 536 multifamily units in Las Vegas. Jake Roberts of BWE originated the financing on behalf of a high-net-worth family real estate office and a longtime client of BWE. The loan, which was sourced by BWE through its position as a direct Freddie Mac servicer, features a five-year term. The funds were used to refinance an existing asset in the family’s portfolio as well as acquire a new asset in the Las Vegas area.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisMidwestMultifamily

Laramar Group Acquires 656-Unit Apartment Tower in Chicago

by Kristin Harlow

CHICAGO — The Laramar Group has acquired Eleven Thirty, a 656-unit apartment tower located at 1130 S. Michigan Ave. in Chicago. The purchase price was $166 million, according to local media reports. Originally constructed in 1967, the property rises 43 stories and provides unobstructed views of Grant Park and Lake Michigan. Amenities include a 75-foot pool, 24-hour concierge, fitness center, conference rooms, an outdoor dog park, dedicated parking garage and 12,053 square feet of fully leased, ground-floor retail space. The building offers studio, one- and two-bedroom units. Planned improvements include expanding and updating the exercise facility; adding remote working office stations and new entertainment space; and enhancing the common areas and lobby. Stacy Osmond and Sydney Matrisciano of DLA Piper LLP led Laramar Group’s legal team.

Continue Reading
FacebookTwitterLinkedinEmail
IllinoisLoansMidwestMultifamily

Draper and Kramer Arranges $93.5M Refinancing for Chicago Multifamily Property

by Kristin Harlow

CHICAGO — Draper and Kramer Inc. has arranged a $93.5 million loan for the refinancing of The Elizabeth, a 28-story apartment tower at 225 N. Elizabeth St. in Chicago’s Fulton Market. Bill Barry and Bill Stewart of Draper and Kramer’s Commercial Finance Group arranged the loan on behalf of Sterling Bay and Ascentris. Completed in 2024, the property features 350 units and 10,000 square feet of street-level retail space.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts