Multifamily

Vida Begins Construction on 280-Unit Verona Apartments in Fairburn, Georgia

by John Nelson April 15, 2026

FAIRBURN, GA. — Vida Cos. has begun construction on Verona, a 280-unit apartment community located at the corner of Landrum and Senoia roads in Fairburn, about 20 miles southwest of Atlanta. The garden-style property will offer one-, two- and three-bedroom apartments, all with private balconies. Amenities will include a courtyard with a saltwater swimming pool and grilling stations, a fitness center, clubhouse, coworking lounge and a dog park. The property will also feature a 1,500-square-foot coffee shop open to the public and 5,500 square feet of ground-level retail space. Vida plans to deliver Verona in fall 2027. The developer also recently closed on construction financing from Parse Capital and a 10-year tax incentive from Develop Fulton, an economic development authority for Fulton County. The design-build team includes Buckhaven Construction Services (general contractor), Dwell Design Studio (architect), Crosby Design Group (interior designer), Gaskins + LeCraw (civil engineer) and B+C Studio (landscape architect).

April 15, 2026

Affordable Housing Development District of Columbia Multifamily Southeast

NRP Group, MHCDO Break Ground on 109-Unit Mixed-Income Community in D.C.

by John Nelson April 15, 2026

WASHINGTON, D.C. — The NRP Group and housing nonprofit Marshall Heights Community Development Organization (MHCDO) have broken ground on The Waymark, a 109-unit mixed-income housing community located at 4435 Benning Road NE in Washington, D.C. Situated in the city’s Ward 7 near the Benning Road Metro station, the nine-story property will feature studio, one-, two- and three-bedroom units reserved for families and individuals earning up to 30, 50 and 80 percent of the area median income (AMI), with 22 units reserved as permanent housing for individuals at risk of homelessness. Future residents will be one Metro stop away from RFK Stadium, the future home of the Washington Commanders NFL team. Amenities at The Waymark will feature a multi-use space on the first floor, a fitness center and onsite resident programs, including financial literacy workshops and job readiness training. Financial partners include DC Department of Housing and Community Development (DHCD), which provided debt; the DC Housing Finance Agency (DCHFA), serving as the bond issuer; and DC Green Bank, supporting sustainable development initiatives. Private sector partners include KeyBank Real Estate Capital as the lender and U.S. Bank as the tax credit investor. NRP Group and MHCDO plan to deliver the community by the …

April 15, 2026

Development Multifamily New Jersey Northeast

Garden Communities Completes Phase II of 520-Unit Apartment Community in Central New Jersey

by Taylor Williams April 15, 2026

EAST BRUNSWICK, N.J. — Locally based owner-operator Garden Communities has completed Phase II of Legacy Place, a 520-unit apartment community in East Brunswick, located roughly midway between Newark and Trenton. The site spans 25 acres, and the property offers studio, one-, two- and three-bedroom units, as well as townhome residences. Amenities include a pool, fitness center, entertainment lounge, outdoor grilling and dining stations, coworking space, a children’s playroom, bowling alleys and catering kitchens, as well as 18,000 square feet of retail space. Monthly rents start at $2,090 for a studio apartment. Phase I of Legacy Place was completed in spring 2024.

April 15, 2026

Acquisitions Multifamily New Hampshire Northeast

Arrowpoint Properties Buys 85-Unit Apartment Complex in Bedford, New Hampshire

by Taylor Williams April 15, 2026

BEDFORD, N.H. — Local owner-operator Arrowpoint Properties has acquired The Meridian, an 85-unit apartment complex in Bedford, located near the Massachusetts-New Hampshire border. Built on 6.4 acres in 2007 and renovated in late 2024, the three-story building offers one- and two-bedroom units and amenities such as a fitness center, community and recreation rooms, pet spa, library and onsite laundry facilities. The seller and sales price were not disclosed.

April 15, 2026

Acquisitions California Multifamily Student Housing Western

Raintree Partners Sells Student Housing Portfolio Near UCLA for $62.6M

by Amy Works April 15, 2026

LOS ANGELES — Raintree Partners has completed the sale of Axiom Westwood, a four-building student housing portfolio adjacent to University of California, Los Angeles (UCLA), to a private multifamily investor for $62.6 million. Kevin Green, Joseph Grabiec and Gregory Harris of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Built between 1962 and 1967, Axiom Westwood offers 153 units featuring dual-pane windows, full-size kitchens and air conditioning, with select units offering vaulted ceilings, fireplaces and patios or balconies. Axiom Westwood features controlled access, laundry facilities, elevators, two swimming pools, three gas barbecue grills and gated and covered parking.

April 15, 2026

Acquisitions Multifamily Washington Western

High Street Residential Divests of Corner 63 Apartments in Seattle for $59.3M

by Amy Works April 15, 2026

SEATTLE — High Street Residential, the residential subsidiary of Trammell Crow Co., has completed the disposition of Corner 63 Apartments to an undisclosed buyer for $59.3 million. Located at 6300 9th Ave. NE. in Seattle’s Roosevelt neighborhood, Corner 63 features a mix of studio, one- and two-bedroom apartments. Onsite amenities include a rooftop terrace, fitness center, coworking lounge, dog run area and secured parking. The seven-story, mid-rise property was built in 2023. Eli Hanacek, Kyle Yamamoto and Natalie Kasper of CBRE’s Pacific Northwest multifamily team represented the seller in the transaction.

April 15, 2026

California Development Multifamily Student Housing Western

Mosaic Investment Partners Completes $56M Student Housing Project Near University of Southern California

by Amy Works April 15, 2026

LOS ANGELES — Mosaic Investment Partners has completed Tessera, a $56 million student housing development located at 1069 West Exposition Blvd. near the University of Southern California campus in Los Angeles. The seven-story community offers 250 beds across 53 fully furnished units in studio through four-bedroom configurations. Shared amenities include a 6,000-square-foot rooftop sky deck with a resort-style pool, open-air dining areas, lounge space, fire pits and a dedicated pet park; and a second-floor amenity deck with barbecue areas, outdoor lounges and an indoor-outdoor fitness center. The property also offers study spaces on various floors. The development team for the project included SVA Architects, Sorensen Architects, Oakwood Development Group and Alpha Construction. JLL Capital Markets secured joint venture equity and mezzanine financing from HC2 Capital for the development, alongside a senior construction loan from Calmwater Capital.

April 15, 2026

Acquisitions Midwest Minnesota Multifamily

Colliers Arranges $9M Sale of Multifamily Community in Northeast Minneapolis

by Kristin Harlow April 15, 2026

MINNEAPOLIS — Colliers has arranged the $9 million sale of Anderson Plaza Apartments, a 100-unit multifamily community in Minneapolis. The transaction marks the first time the asset has changed ownership. The property was developed in 1963 on a former quarry site and family-owned since its inception. Mox Gunderson, Dan Linnell, Adam Haydon, Devon Dvorak and Drew Jackson of Colliers represented the seller. The buyer, Quarry Apartments LLC, plans to make targeted renovations and operational enhancements. The property was 86 percent occupied at the time of sale.

April 15, 2026

Development Florida Southeast Student Housing

RISE, University of Tampa to Break Ground on 833-Bed Residence Hall Project

by John Nelson April 14, 2026

TAMPA, FLA. — A public-private partnership between RISE and the University of Tampa is set to break ground on an 833-bed residence hall project located at the corner of South Boulevard and Cleveland Street in Tampa. RISE will finance and construct the building, which is scheduled for completion in fall 2028. The university will own and operate the residence hall, with RISE managing building maintenance and custodial services. The development team includes Niles Bolton Associates and Juneau Construction. The 11-story community is designed for first- and second-year students and will offer suite-style units with shared living spaces. Amenities will include study lounges, two common rooms, dining facilities, bicycle storage and surface-level parking. The project will also include improvements to the surrounding infrastructure, such as enhanced pedestrian and cyclist pathways along South Boulevard and an upgraded Hillsborough Transit Authority (HART) bus shelter at Cleveland Street and Fielding Avenue.

April 14, 2026

Acquisitions California Loans Multifamily Western

JLL Arranges $55.7M in Acquisition Financing for Multifamily Property in Oxnard, California

by Amy Works April 14, 2026

OXNARD, CALIF. — JLL Capital Markets has secured $55.7 million in financing for the acquisition of Tempo at Riverpark in Oxnard. The borrower is Hines U.S. Property Partners, Hines’ flagship commingled U.S. core plus fund. Kevin Mackenzie, Annie Rice, Brandon Smith, Gyasi Edmondson and Alyssa Malley of JLL arranged the five-year loan through a bank for the borrower. Located at 450 Forest Park Blvd., Tempo at Riverpark features 235 apartments with in-unit laundry, stainless steel appliances and private patios or balconies. Community amenities include a 24-hour fitness center, luxury pool and spa, resort-style cabana seating, resident lounge with gas fireplace and private garages for select units. Built in 20216, the property was 95.7 percent occupied as of December 2025.

April 14, 2026

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