Multifamily

FPA Multifamily Acquires 237-Unit, Three-Building Apartment Portfolio in Denver

by Amy Works September 22, 2026

DENVER — California-based FPA Multifamily has purchased a three-building, 237-unit multifamily portfolio in Denver from 2580 South University Co. LLC, 2550 South University Co. and 2512 South University Co. for an undisclosed price. Justin Hunt and Andy Hellman of CBRE represented the sellers and original owners of the properties in the deal. The portfolio includes: The sellers recently renovated about a dozen units across the portfolio. The units include air conditioning, dishwashers and oversized private balconies. The buildings share an amenity package, including a clubhouse, pool, sauna, community kitchen, billiards, ping pong table and parking garages. Additionally, Tabor House offers a fitness center and Heritage House and Post House offer steam rooms.

September 22, 2026

Acquisitions California Multifamily Western

Marcus & Millichap Arranges $8.6M Sale of Tremont Street Apartments on California’s Santa Catalina Island

by Amy Works September 22, 2026

AVALON, CALIF. — Marcus & Millichap has arranged the sale of Tremont Street Apartments, a 62-unit affordable housing property in Avalon, the only incorporated city on Santa Catalina Island. The asset sold for approximately $8.6 million. The seller was a limited partnership known as Black Rose Catalina, and the buyer was Newport Beach, Calif.-based Tailwind Investment Group. Arteen Zahiri and Tony Azzi, both members of the Azzi Group in Marcus & Millichap’s Los Angeles office, represented the seller and procured the buyer. Built in 1983, the apartment community operates under a Section 8 Housing Assistance Payments (HAP) contract and is subject to a ground lease with the Santa Catalina Island Co. through 2053. The property is expected to continue operating as an affordable housing community under its existing HAP contract and long-term ground lease. The Santa Catalina Island Co. is a private, for-profit hospitality and real estate group that owns major tourism operations, commercial properties and land on Catalina Island.

September 22, 2026

Acquisitions California Multifamily Seniors Housing Western

Affinius Capital, Alliance Residential Dispose of 545-Unit Seniors Housing Portfolio in Northern California

by Amy Works September 21, 2026

ROSEVILLE AND SAN JOSE, CALIF. — A joint venture between Affinius Capital and Alliance Residential has sold a two-property seniors housing portfolio totaling 545 units in Northern California. The portfolio includes Sonrisa Senior Living in Roseville and The Watermark at Almaden in San Jose. Sonrisa Senior Living comprises 201 independent living units, 120 assisted living units and 24 memory care units across two buildings that were constructed in 2021 and 2023. The Watermark at Almaden, which features 200 independent living, assisted living and memory care units, opened in 2021. Amenities at the communities include outdoor pools, fitness centers, salons and spas, theaters and bocce ball and pickleball courts. Aaron Rosenzweig, Dan Baker and Sandis Seale of JLL Capital Markets arranged the transaction on behalf of the seller. A publicly traded REIT acquired the properties for an undisclosed price. According to a statement released by JLL, the transaction represents one of the largest seniors housing portfolio sales in Northern California in recent years.

September 21, 2026

Acquisitions California Multifamily Western

Tesseract Capital Sells Apartment Property in Modesto, California for $26.6M

by Amy Works September 21, 2026

MODESTO, CALIF. — San Francisco-based Tesseract Capital Group has completed the sale of The Marc at 1600 in Modesto to an undisclosed family office for $26.6 million. Located at 1600 Standiford Ave., The Marc at 1600 features 100 one- and two-bedroom apartments with an average size of 798 square feet. Otto Ozen, Brian Nakamura and Nazli Santana of The Mogharebi Group represented the seller in the deal.

September 21, 2026

Colorado Development Multifamily Western

Livmark, Hillside to Develop 185-Unit Multifamily Community in Longmont, Colorado

by Amy Works September 21, 2026

LONGMONT, COLO. — Livmark Communities and Hillside Commercial Group have started construction of Fielder at Fox Hill, an apartment and townhome property adjacent to Fox Hill Country Club golf course in Longmont. Landmark Construction Solutions is serving as general contractor and Greystar will manage the completed property. Construction activities began in June with initial site work and infrastructure improvements. Slated for completion in fall 2027, Fielder at Fox Hill will feature 185 units, including townhomes with private yards and two-car garages, across 11 two- and three-story buildings. Community amenities will include a clubhouse, an indoor and outdoor fitness space, a pool and hot tub with cabanas, outdoor fire pits, bike racks and a repair station, a rentable kitchen and game area, coworking space, a sauna, dog wash, pocket parks and pergola areas, electric vehicle chargers in every garage and secure package lockers.

September 21, 2026

Development Multifamily Texas

OHT Partners Breaks Ground on 360-Unit Multifamily Project in West Houston

by Taylor Williams September 21, 2026

HOUSTON — Austin-based developer OHT Partners has broken ground on Park Row, a 360-unit multifamily project in West Houston. The 14-acre site at 14192 Park Row Blvd. is located in the Energy Corridor, and the development will feature one- and two-bedroom units that will range in size from 702 to 1,257 square feet. Amenities will include a pool, clubhouse, fitness room, coworking space, communal kitchen, package lockers, a dog park, pickleball court and outdoor grilling and dining stations. Meeks + Partners is the project architect, and OHT’s in-house team is serving as the general contractor. A tentative completion date was not announced.

September 21, 2026

Development Georgia Multifamily Southeast

Crescent Communities Opens 300-Unit Multifamily Community in Douglasville, Georgia

by Abby Cox September 21, 2026

DOUGLASVILLE, GA. — Crescent Communities has opened NOVEL Douglasville, a 300-unit multifamily community located in Douglasville, roughly 20 miles west of Atlanta. The new complex is situated within The Trails mixed-use development and sits adjacent to Great Point Studios’ 500,000-square-foot film studio anchored by Lionsgate. NOVEL Douglasville consists of five four-story buildings that feature one-, two- and three-bedroom floorplans. Monthly rental rates begin at $1,500, according to Apartments.com. Amenities include a resort-style swimming pool; pond overlook with grills, a fire pit and seating; open-air event and game lawn; clubroom with a TV, full kitchen and covered porch with an outdoor fireplace; fitness center; coffee café and coworking space; and a dog park, dog wash stations and private, dog-friendly areas. As part of The Trails, NOVEL Douglasville also offers residents access to 60,000 square feet of commercial, office, retail and hotel space, all connected by walking paths. Financial partners for NOVEL Douglasville include Canadian Imperial Bank of Commerce (CIBC), Great Southern Bank and Phoenix Capital Management LLC. Affiliate firm Crescent Communities Construction served as the general contractor for the project.

September 21, 2026

Affordable Housing Development Massachusetts Multifamily Northeast

TCB Breaks Ground on 65-Unit Mixed-Income Housing Project in Provincetown, Massachusetts

by Taylor Williams September 21, 2026

PROVINCETOWN, MASS. — Nonprofit developer The Community Builders (TCB) has broken ground on Province Post, a 65-unit mixed-income housing project that will be located in Provincetown, situated at the tip of Cape Cod. The building’s affordable housing component will be for renters earning from 80 percent to below 30 percent of the area median income. Units will come in studio, one-, two- and three-bedroom floor plans. A tentative completion date was not announced.

September 21, 2026

Acquisitions Midwest Multifamily Nebraska

Greysteel Brokers $15.3M Sale of Apartment Community in South Sioux City, Nebraska

by Kristin Harlow September 21, 2026

SOUTH SIOUX CITY, NEB. — Greysteel has brokered the $15.3 million sale of Dakota Pointe, a 143-unit multifamily property in South Sioux City. Built in 1994, the property was fully leased at the time of sale. Units come in one-, two- and three-bedroom floor plans. Greysteel represented the seller. Both the buyer and seller were private investors based in South Dakota.

September 21, 2026

Market Reports Multifamily Southeast Southeast Market Reports Virginia

Richmond Multifamily Market Moves Up Investors’ Target Lists

by John Nelson September 21, 2026

For years, Richmond occupied an interesting position in the Mid-Atlantic multifamily landscape: large enough to attract institutional capital, but often overshadowed by bigger markets such as Washington, D.C., and Northern Virginia. That is changing. Richmond has moved considerably higher on investors’ target lists over the past several years, initially propelled by the migration patterns that emerged during the pandemic. People flocked to Richmond for its relatively affordable housing and quality of life. While that migration isn’t occurring at COVID-era levels today, those fundamentals remain. Increasingly, investors are recognizing that Richmond offers something particularly valuable in the current environment: attractive yield in a market where pricing has not necessarily caught up with the underlying fundamentals. Fundamentals hold up Richmond’s multifamily market is absorbing a meaningful amount of new supply while continuing to generate rent growth. Effective rents reached $1,658 at midyear, representing 4.1 percent growth, while occupancy stood at approximately 94 percent, according to Pyxis. The market absorbed 2,733 units over the previous 12 months, according to research from CoStar Group. Those numbers are particularly noteworthy given the recent construction cycle. Nearly 7,000 units were completed during the past 12 months. Another 5,736 are expected during the coming year, according to …

September 21, 2026

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