Multifamily

Hillpointe Opens 216-Unit Attainable Housing Community in Metro Atlanta

by Abby Cox July 1, 2026

NEWTOWN COUNTY, GA. — Hillpointe has opened Pointe Grand Covington, a 216-unit attainable multifamily community located at 8000 Revolution Way in Covington, about 36 miles east of Atlanta. Pointe Grand Covington features two-bedroom residences with modern finishes, smart home technology and in-unit amenities, such as full-size washers and dryers, digital keyless entry and private patios or balconies. Community amenities at the pet-friendly property include a resort-style swimming pool, fitness center, pickleball court, electric vehicle charging stations and a variety of indoor and outdoor gathering spaces.

July 1, 2026

Multifamily Southeast Tennessee

ARK Homes Begins Pre-Leasing Efforts for The Reserves at Three Ridges Apartments in Knoxville, Tennessee

by Abby Cox July 1, 2026

KNOXVILLE, TENN. — ARK Homes for Rent has begun pre-leasing efforts for The Reserve at Three Ridges, a 126-unit build-to-rent townhome community located in northeast Knoxville. The community offers three- and four-bedroom homes ranging in size from 1,381 to 1,554 square feet. Interiors include open layouts, granite countertops, stainless steel appliances, smart home technology and walk-in closets, as well as attached garages. In addition, The Reserve at Three Ridges features direct access to I-40 and connections to major employers like Oak Ridge National Laboratory, Covenant Health, DENSO Manufacturing and the University of Tennessee.

July 1, 2026

Loans Multifamily New Jersey Northeast

Madison Realty Capital Provides $61M Bridge Loan for Northern New Jersey Apartment Complex

by Taylor Williams July 1, 2026

NORTH BERGEN, N.J. — Madison Realty Capital has provided a $61 million bridge loan for Braddock Park West, a 10-story apartment building located outside of New York City in North Bergen. Completed earlier this year, Braddock Park West features 135 units in studio, one- and two-bedroom floor plans with an average size of 801 square feet. Amenities include a fitness center, coworking lounge and a rooftop terrace. Jordan Casella, Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz and Cole Grims of Walker & Dunlop arranged the floating-rate loan on behalf of the owner, Sanz Property Management.

July 1, 2026

Development Multifamily New York Northeast

Partnership Breaks Ground on 213-Unit Multifamily Project in Brooklyn

by Taylor Williams July 1, 2026

NEW YORK CITY — A joint venture between Slate Property Group and Thorobird Cos. has broken ground on a 213-unit multifamily project in Brooklyn. Designed by Think! Architecture + Design PLLC, the building will be located on a city-owned site at 570 Eldert Lane in the borough’s Cypress Hills area. Of the 213 units, which will come in one-, two-, three- and four-bedroom floor plans, 66 will be set aside for formerly homeless residents. The remaining units will be reserved for households earning between 40 and 80 percent of the area median income. Completion is slated for summer 2028, with full occupancy planned for 2029.

July 1, 2026

Acquisitions Multifamily New York Northeast

JLL Negotiates Sale of 200-Unit Apartment Complex in Halfmoon, New York

by Taylor Williams July 1, 2026

HALFMOON, N.Y. — JLL has negotiated the sale of The Kensington at Halfmoon, a 200-unit apartment complex located on the northern outskirts of Albany. Built in 2014, the property features one- and two-bedroom units with an average size of 1,228 square feet. Amenities include a pool, fitness center, dog park, movie theater, coffee bar and a resident clubhouse. Steve Simonelli, Jose Cruz and Austin Pierce of JLL represented the seller, Richbell Capital, in the transaction. JLL also arranged an undisclosed amount of acquisition financing for the deal on behalf of the buyer, MLG Capital.

July 1, 2026

Affordable Housing California Development Multifamily Top Stories Western

Kennedy Wilson, Jamison Plan to Develop 4,000 Affordable Housing Units in Los Angeles

by Kristin Harlow July 1, 2026

LOS ANGELES — Kennedy Wilson and Jamison have entered into a joint venture partnership, with plans to deliver 4,000 affordable housing units across Los Angeles through adaptive reuse and ground-up construction projects. The partnership is between Jamison’s newly launched affordable housing division, Arden Residential, and Kennedy Wilson’s affordable housing development joint venture, Vintage Housing. The first project is the conversion of the former LA World Trade Center office complex at 350 S. Figueroa St. The 400,000-square-foot property will be transformed into 512 affordable housing units and renamed Sky Castle. Units will come in one-, two- and three-bedroom floor plans. Amenities will include community rooms, a dedicated coworking space, resident lounge, onsite storage, laundry rooms and mail parcel rooms. Development on the first phase of Sky Castle is expected to begin in August and will focus on the building’s concourse levels, creating 241 units for families earning between 30 and 80 percent of the area median income. Phase II, planned for the office tower above, will add 271 units. The City of Los Angeles has approved the project under its new adaptive reuse ordinance. “Together, we will develop thoughtfully designed housing for families, seniors and communities through both adaptive reuse conversions …

July 1, 2026

Affordable Housing Development Multifamily Seniors Housing Texas

Partnership to Develop 90-Unit Affordable Seniors Housing Project in Houston

by Taylor Williams June 30, 2026

HOUSTON — A partnership between The NHP Foundation, Trinity East Village Community Development Corp. and Housing Alliance HTX, will develop an affordable seniors housing project in Houston. Trinity East Senior Village, the property will comprise 90 units for residents age 55 and older in the city’s Third Ward neighborhood. Construction is scheduled to begin this summer, with the opening scheduled for 2027. NRP Construction will serve as the general contractor for the project.

June 30, 2026

Affordable Housing Development Multifamily Texas

Housing Trust Group Completes 56-Unit Affordable Housing Conversion in Lubbock, Texas

by Taylor Williams June 30, 2026

LUBBOCK, TEXAS — Housing Trust Group has completed an affordable housing conversion project in the West Texas city of Lubbock. The project transformed the historic, vacant Jim Kimmel Center, which was originally constructed in 1964 as a 91-room motel, into a complex with 56 units that are reserved for households earning between 30 and 80 percent of the area median income. Schmidt & Stuart Architects designed the project, which also involved the demolition of a restaurant and gas station on the site.

June 30, 2026

Loans Multifamily Texas

Red Oak Capital Provides $3.4M Bridge Loan for Killeen Apartment Complex

by Taylor Williams June 30, 2026

KILLEEN, TEXAS — Red Oak Capital Holdings has provided a $3.4 million bridge loan for Cedar Creek Apartments, a 60-unit multifamily complex located in the Central Texas city of Killeen. Built in the early 1960s and renovated in 2024, Cedar Creek is a 15-building complex with one- and two-bedroom units. Nick Jans of Red Oak arranged the 12-month loan through Regions Bank on behalf of the borrower, JCORE. Proceeds will be used to fund the acquisition of the property and subsequent capital improvements.

June 30, 2026

Development Georgia Southeast Student Housing

Landmark Properties, Paceline Break Ground on 656-Bed Off-Campus Student Housing Community Near Kennesaw State University

by Abby Cox June 30, 2026

KENNESAW, GA. — Landmark Properties and an affiliate of Paceline Equity Partners have broken ground on The Standard at Kennesaw, a 656-bed, off-campus student housing community located less than a mile from Kennesaw State University in metro Atlanta. Landmark Construction, the in-house general contractor for Landmark Properties, will serve as general contractor for the five-story building. Niles Bolton Associates will serve as architect, while Eberly & Associates will serve as structural engineer. Construction will begin immediately and is expected to be completed for the 2028-2029 academic year. The Standard at Kennesaw will offer 157 units in studio through six-bedroom configurations. Amenities at the community will include a resort-style rooftop pool deck with a jumbotron; a grilling area and firepits; clubhouse; fitness center and sauna; golf simulator; open-air courtyards; a study lounge with a café; bike storage rack; parking deck; and more than 11,000 square feet of recreation space. The community will also offer 559 parking spaces and access to an off-campus shuttle bus.

June 30, 2026

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