— By Justin Neubeck of CBRE — Las Vegas is approaching an important turning point in its multifamily cycle. After several years of elevated construction, the market is now moving beyond its peak delivery period. The region completed about 7,071 units in 2023 — the highest total in more than 20 years. This was followed by 5,247 units in 2024 and 6,302 units in 2025. Deliveries are expected to decline again in 2026, to roughly 5,334 units. Meanwhile, 2027 deliveries areprojected to return to the 30-year average of about 3,500 units, including the 3,321 units currently scheduled. This shift marks the beginning of a more balanced supply environment. At the same time, the region continues to attract new residents at levels that outpace the national average. Clark County reached a population of about 2.4 million in 2024, an increase of 2.1 percent from 2023. It is projected to grow to more than 2.9 million by 2040, and to surpass 3 million by 2045. Southern Nevada also welcomed more than 40,000 new residents in 2025 alone. Nearly 47 percent came from California. This included 14,200 from Los Angeles County and thousands more from Orange County, San Diego and the Bay Area. …
HORSESHOE BAY, TEXAS — Nuveen Green Capital has provided $38.6 million in Commercial Property Assessed Clean Energy (C-PACE) financing for the development of a new seniors housing community in Horseshoe Bay, roughly 50 miles northwest of Austin. The borrower and developer is Falcon Senior Housing. Dubbed The Statesman at Horseshoe Bay, the community will total 313,714 square feet upon completion and will feature 180 independent living, assisted living and memory care units. Financing for the project also includes EB-5 immigration investment funds.
HOUSTON — Focus Healthcare Partners has acquired The Buckingham, a continuing care retirement community in West Houston. The property’s unit count was not disclosed. Focus acquired the 23-acre property through a court-supervised auction process at the beginning of this year and has since rebranded The Buckingham as Laural Parke Senior Living. LCS will operate the independent living, assisted living and memory care units on behalf of Focus. Ignite Medical Resorts will operate the skilled nursing services at the property.
BOCA RATON, FLA. — Newmark has secured a loan of an undisclosed amount for the refinancing of The Seven at West Boca, a 448-unit apartment community located at 10235 Boca Entrada Blvd. in Boca Raton. Danny Matz, Roberto Salcedo, Matthew Williams and Robert Wright of Newmark secured the floating-rate loan through PGIM on behalf of the borrower, Grand Peaks, which acquired the property in 2024. Originally built in 1988, The Seven at West Boca features apartments averaging 883 square feet in size, as well as two swimming pools, a fitness center, barbecue areas, tennis courts and a playground.
TUSCALOOSA, ALA. — Senior Living Investment Brokerage (SLIB) has arranged the sale of an assisted living and memory care community located in Tuscaloosa. Built in 1994 and 2003, the property comprises 54 units. Dan Geraghty, Jeff Binder and Brad Clousing of SLIB represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.
GREELEY, COLO. — Transwestern’s National Student Housing team has brokered the $16.5 million sale of University Flats, a student housing community located at 1758 6th Ave. in Greeley. An entity doing business as 1758 6th Avenue LLC acquired the asset for $62,879 per bed. Mike McGaughy, Jon Kleinberg and John Blackshire of Transwestern executed the transaction on behalf of the undisclosed seller via the RI Marketplace commercial real estate auction platform. Serving the University of Northern Colorado, University Flats features 262 beds and is located three blocks from campus. At the time of sale, the property was 97 percent occupied and 84 percent preleased for the 2026-2027 academic year.
DENVER — Marcus & Millichap has brokered the sale of Monaco South, a 220-unit workforce housing property in Denver. Greg Parker and Jason Hornik of Marcus & Millichap represented the undisclosed seller in the deal. Terms of the transaction were not released. Monaco South features convenient access to major employment centers, regional transportation corridors and a broad range of retail, dining and recreational amenities.
By Alan Stalcup, founder, CEO, GVA Real Estate Austin’s apartment inventory grew 33 percent from 2020 to 2025, according to data from Marcus & Millichap — the fastest rate in the country. In addition, data from CoStar Group and the U.S. Census Bureau show that vacancy is sitting at 14 percent, roughly double the national average. That’s what happens when every investor in America chases the same story at the same time. Austin isn’t a bad market. It’s a great city. But the math doesn’t work right now. When vacancy is 14 percent and new supply keeps getting added, buyers aren’t buying yield; they’re buying a prayer. The opportunities in Texas didn’t disappear; they moved. And they moved to places most investors aren’t looking. The Places Nobody’s Watching The Rio Grande Valley has between 1.4 and 1.5 million people, according to Census data. That’s not a small market. It’s a large, underfollowed one. McAllen, Harlingen, Brownsville — these cities have real population bases, stable renter demand and almost no institutional competition. Rents sit around $700 per month. GVA has been pushing $240 increases — roughly 30 percent — with light improvements. Not gut renovations or repositioning the asset, just new …
AUSTIN, TEXAS — April Housing, Blackstone Real Estate’s affordable housing division, has reopened three affordable housing communities totaling 654 units in East Austin. Working in partnership with the Housing Authority of the City of Austin (HACA), April Housing completed roughly $60 million of renovations across the following properties: Heritage Point, a 240-unit senior living community for residents earning between 30 and 80 percent of the area median income (AMI); Eagle’s Landing, a 240-unit multifamily property for those earning 60 percent or less of AMI; and Village at Collinswood, a 174-unit senior living community for residents earning 60 percent or less of AMI. All three communities now offer updated units interiors, including bathrooms, kitchens, fixtures and appliances, as well as upgraded building systems and amenity spaces.
DALLAS — Locally based developer Larkspur Capital has begun leasing Victoria Row, a 155-unit townhome project in the Cedars District near downtown Dallas. Situated on approximately eight acres at 1100 Parker St., Victoria Row features 29 buildings that were developed in phases and which are now in lease-up. Units come in one-, two- and three-bedroom floor plans, and amenities include a pool, dog park and multiple courtyards. Architecture Demarest designed Victoria Row, and Acadian Group served as the general contractor. Information on starting rents was not disclosed.