Multifamily

IPA Negotiates Sale of 114-Unit Highrailer Apartments in New Britain, Connecticut

by Taylor Williams June 10, 2026

NEW BRITAIN, CONN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of The Highrailer, a 114-unit apartment complex in New Britain, located southwest of Hartford. Completed earlier this year, The Highrailer offers one- and two-bedroom units and amenities such as a second-story terrace, fitness center and a pet spa. Victor Nolletti, Eric Pentore, Wes Klockner and Ross Friedel of Marcus & Millichap represented the seller, Jasko Development, in the transaction and procured the undisclosed buyer. The sales price was also not disclosed.

June 10, 2026

Development Multifamily Northeast Pennsylvania

Hankin Group Breaks Ground on 72-Unit Multifamily Project in Exton, Pennsylvania

by Taylor Williams June 10, 2026

EXTON, PA. — Locally based developer Hankin Group has broken ground on a 72-unit multifamily project in Exton, about 35 miles west of Philadelphia. The project is an expansion of Keva Flats, a development that currently consists of 266 units on a 19-acre site. The new, five-story building will be the seventh within the development and will offer studio, one-, two- and three-bedroom units that will range in size from 795 to 1,570 square feet. Residents will have access to existing amenities at Keva Flats. The first move-ins are scheduled for spring 2027.

June 10, 2026

Acquisitions Multifamily Southeast Virginia

Berkadia Arranges $52.4M Sale of Multifamily Community in Poquoson, Virginia

by John Nelson June 10, 2026

POQUOSON, VA. — Berkadia has arranged the $52.4 million sale of The Flats at Legacy, a 176-unit multifamily community located off the coast of Virginia on Bull Island. Drew White, Carter Wood, Matt Straughan and Cole Carns of Berkadia represented the seller, Virginia Beach-based Franklin Group, in the transaction. The buyer was Utah-based Ceifa Capital. Situated on 24 acres at 200 Big Woods Drive in Poquoson, the property comprises 176 garden-style apartments across multiple four-story buildings. Units average approximately 1,065 square feet in size, and floor plans range from one- to three-bedrooms. Amenities include a saltwater pool, outdoor grilling stations, modern clubhouse with entertainment lounge and catering kitchen, fitness center, internal café spaces and electric vehicle charging stations.

June 10, 2026

Acquisitions Illinois Midwest Multifamily Student Housing

Scion to Acquire Operating Business of Student Quarters

by Kristin Harlow June 10, 2026

CHICAGO AND ATLANTA — The Scion Group, a Chicago-based owner-operator of student housing communities, has entered into a definitive agreement to acquire the operating business of Student Quarters (SQ), an Atlanta-based operator with interests in approximately $1.5 billion of student housing assets. SQ’s senior leadership will retain asset ownership positions. The SQ portfolio comprises approximately 13,000 beds across 21 markets, with 77 percent market overlap with Scion’s existing footprint. In addition to acquiring the SQ operating business, Scion will also invest both in underlying real estate and related fund structures. The transaction is being funded entirely with Scion’s balance sheet and is expected to close in the third quarter, subject to customary closing conditions. Prior to this transaction, Scion’s portfolio consisted of more than 105,000 beds across 161 communities in 89 U.S. markets.

June 10, 2026

Illinois Loans Midwest Multifamily

BWE Arranges $133M Loan to Recapitalize Luxury Apartment Community in Skokie, Illinois

by Kristin Harlow June 10, 2026

SKOKIE, ILL. — BWE has arranged a $133 million first mortgage loan to recapitalize The Henry at Harms Woods, a 294-unit apartment community with 8,000 square feet of ground-floor retail space in Skokie. Daniel Rosenberg and Logan Petersmeyer of BWE arranged the financing on behalf of the sponsor, a joint venture between Tucker Development and Wingspan Development Group. Sourced from an institutional bank lender, the loan enables ownership to lower their cost of capital from the construction financing while maintaining the flexibility needed to complete lease-up and stabilize the asset. Completed in late 2025, The Henry at Harms Woods features 245 apartment units and 49 for-rent townhomes with attached two-car garages. Amenities include a pool, courtyard, fitness center, work-from-home spaces and direct access to hundreds of acres of surrounding natural open space.

June 10, 2026

Development Illinois Midwest Multifamily Seniors Housing

North Arrow, Turnstone Development to Build 36-Unit Seniors Housing Project in Du Quoin, Illinois

by Kristin Harlow June 10, 2026

DU QUOIN, ILL. — North Arrow Partners, in partnership with Turnstone Development, has closed on the financing and commenced construction on The Blackstone, a 36-unit seniors housing development in Du Quoin, a city in southern Illinois. Located at 1223 S. Washington St., the two-story independent living property will be reserved for seniors age 55 and up. Amenities will include a garden and fitness center. The Illinois Housing Development Authority, Hudson Capital and Associated Bank are providing financing and support.

June 10, 2026

500-Lynnfield-Street-Lynn-Massachussetts

Affordable Housing Massachusetts Multifamily Northeast Seniors Housing

MassDevelopment Provides $29M in Bond Financing for Affordable Seniors Housing Project in Lynn, Massachusetts

by Taylor Williams June 9, 2026

LYNN, MASS. — MassDevelopment has provided $29 million in tax-exempt bond financing for a 150-unit affordable seniors housing project in Lynn, located northeast of Boston. The financing will support construction of 105 units for the project at 500 Lynnfield St., which is being developed by an affiliate of 2Life Communities. The development will consist of three buildings with 138 one-bedroom units and 12 two-bedroom units that will be reserved for renters earning between 30 and 60 percent of the area median income. Eastern Bank purchased the bond.

June 9, 2026

Acquisitions Loans Multifamily North Carolina Southeast

Mesa West Provides $29.7M Acquisition Loan for Apartment Community in Cary, North Carolina

by John Nelson June 9, 2026

CARY, N.C. — Mesa West Capital has provided a $29.7 million acquisition loan for The Ellery of Cary, a 194-unit apartment community located at 100 Hempstead Court in Cary, a suburb of Raleigh. Trevor Brotman, Tricia Linden and Kara Profitt of Walker & Dunlop’s Irvine, Calif., office arranged the five-year, non-recourse loan on behalf of the borrower, McDowell Properties. The seller and sales price were not disclosed. Built in 1988 on nearly 19 acres, The Ellery of Cary offers a mix of one- and two-bedroom floorplans averaging 875 square feet in size. Amenities include a swimming pool with a sundeck, 24-hour fitness center, dog park, outdoor courtyard with fire pits and grills and walking trails with direct access to the Black Creek Greenway.

June 9, 2026

California Development Multifamily Seniors Housing Western

Bluhm Family Foundation Breaks Ground on 214-Unit Seniors Housing Community in Huntington Beach, California

by Amy Works June 9, 2026

HUNTINGTON BEACH, CALIF. — The Bluhm Family Foundation has broken ground on The Marisol, a 214-unit luxury seniors housing project located in Huntington Beach in Southern California. In May, the developer received $252.1 million in bond financing for the project. Upon completion, the community will feature a mix of studio, one- and two-bedroom apartments. Amenities will include a coffee and snack bar, community store, wellness lounge, pool, spa, beauty salon, golf simulator, gym, art studio, craft studio, community room and three courtyards. The opening is scheduled for 2028. Momentum Senior Living will manage the community.

June 9, 2026

Loans Midwest Minnesota Multifamily

Gantry Arranges $39.5M Permanent Loan for Apartment Complex in Woodbury, Minnesota

by Kristin Harlow June 9, 2026

WOODBURY, MINN. — Gantry has arranged a $39.5 million permanent loan as construction takeout financing for the Edison at Woodbury, an apartment complex located in the Twin Cities suburb of Woodbury. The property features 207 units spread across a podium-style, mid-rise apartment building, satellite townhomes and carriage houses with attached parking garages. Floor plans range from one- to three-bedroom units, and all units contain in-unit washer and dryers, walk-in closets, patios and stainless steel appliances. Amenities include a fitness center, pool and clubhouse facilities. Joe Monteleone and Bonnie Monteleone of Gantry arranged the 10-year, fixed-rate Freddie Mac loan, which features five years of interest-only payments that transitions to 35-year amortization.

June 9, 2026

Newer Posts

Older Posts