Multifamily

GID Acquires 524-Unit Griffis North Creek Multifamily Community in Bothell, Washington

by Amy Works September 29, 2026

BOTHELL, WASH. — GID has purchased Griffis North Creek, a multifamily property in Bothell, from Griffis Residential for an undisclosed price. Giovanni Napoli, Philip Assouad, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Built in 1999, Griffis North Creek features 524 one-, two- and three-bedroom apartments, with an average size of 835 square feet, spread across 23 three-story buildings. All units offer a private deck or patio, full-size washers/dryers, walk-in closets and linen closets. Community amenities include wooded walking trails, pagodas, footbridges, a renovated central clubhouse and lounge, a heated swimming pool and spa, two playgrounds and a fenced-in dog park.

September 29, 2026

Acquisitions Multifamily Nevada Western

Berkadia Negotiates $54.7M Sale of Sagecliff Apartment Community in Reno

by Amy Works September 29, 2026

RENO, NEV. — Berkadia has directed the sale of Sagecliff, a multifamily property located at 2777 Northtowne Lane in Reno. A California-baed real estate investment firm sold the asset to a California-based private family office for $54.7 million. Jared Glover of Berkadia represented the seller. Built in 1997, Sagecliff features 220 one- and two-bedroom residences, with one-bedroom units comprising 49 percent of the property and two-bedroom units comprising 51 percent. The average unit size is 941 square feet. Onsite amenities include a pool, spa, fitness center, clubhouse and detached garages. Sagecliff benefited from more than $2 million in capital improvements since 2021, including interior upgrades to 29 units, HVAC and water-heater replacements, curb-appeal enhancements and refreshed amenities.

September 29, 2026

Acquisitions Multifamily Texas

Marcus & Millichap Brokers Sale of 214-Unit Apartment Complex in Killeen, Texas

by Taylor Williams September 28, 2026

KILLEEN, TEXAS — Marcus & Millichap has brokered the sale of Copper Mountain, a 214-unit apartment complex located in the Central Texas city of Killeen. Built on 8.7 acres in 1985, Copper Mountain offers studio, one- and two-bedroom units and amenities such as a pool, fitness center, business center, playground, basketball and volleyball courts, a pet park and outdoor grilling and dining stations. Alec Schenk, Nick Fluellen, Bard Hoover, Peter Flis and John McGregor of Marcus & Millichap represented the seller, a California-based investor, in the transaction and procured the buyer, a New York-based family office that purchased the property via a 1031 exchange.

September 28, 2026

Development Florida Multifamily Southeast

BTI Partners Opens 362-Unit Residential Tower in Hollywood, Florida

by Abby Cox September 28, 2026

HOLLYWOOD, FLA. — BTI Partners has opened the Bread Building, a 362-unit luxury residential tower located in the South Florida city of Hollywood. The property was built on the site of the former Hollywood Bread Building, which served as the headquarters for the Hollywood Bread Co., a popular diet bread brand in the 1930s. Situated in downtown Hollywood, the Bread Building offers studio, one- and two-bedroom floorplans ranging in size from 507 to 1,210 square feet, according to Apartments.com. Monthly rental rates begin at $2,146. The complex comprises more than 30,000 square feet of indoor and outdoor amenities such as a fitness center and yoga room, pool deck, gaming area and bar, coworking and business center, community lounge, spa, onsite concierge, grilling pavilion, pet-friendly zones, bike storage and electric vehicle charging stations. The 25-story property also features 15,407 square feet of ground-floor retail, including a new Walgreens pharmacy. In addition, BTI Partners has restored the original Hollywood Bread Building sign, which is now permanently displayed in the residential lobby.

September 28, 2026

Affordable Housing Development District of Columbia Multifamily Southeast

NRP Group Debuts 115-Unit Affordable Housing Community in D.C.

by Abby Cox September 28, 2026

WASHINGTON, D.C. — The NRP Group, in partnership with Marshall Heights Community Development Organization (MHCDO), has opened Emblem Apartments, a 115-unit affordable housing community located in Washington, D.C.’s NoMa and Union Market neighborhoods. The 13-story building is reserved for individuals and families earning up to 30 and 50 percent of the area median income (AMI). Community amenities include a dedicated toddler playroom, oversized bike storage and a multipurpose room that serves as a hub for residential programming, events and gatherings. Residents will also have access to supportive services such as targeted financial education, entrepreneurship resources and economic mobility programming. Capital partners for Emblem Apartments include the DC Housing Finance Agency (DCHFA), DC Department of Housing and Community Development (DHCD), DC Housing Authority (DCHA), DC Green Bank and Bank of America. This project represents NRP’s first affordable housing development in Washington, D.C.

September 28, 2026

Development Multifamily New Jersey Northeast

Newmark Arranges $310M Construction Loan for Jersey City Multifamily Project

by Taylor Williams September 28, 2026

JERSEY CITY, N.J. — Newmark has arranged a $310 million construction loan for an 873-unit multifamily project in Jersey City. The project represents the first of two phases in a larger development at 547-555 Summit Ave. that will ultimately add 1,542 units to the local supply. The firs building at 555 Summit Ave. will rise 47 stories and offer studio, one- and two-bedroom units, as well as 2,300 square feet of retail space. Amenities will include a fitness center, rooftop lounge, clubroom and coworking space. Jordan Roeschlaub, Nick Scribani, Max Ralby and Dante DiStefano of Newmark arranged the financing on behalf of the borrower, Namdar Group.

September 28, 2026

Loans Multifamily New York Northeast

Benchmark Real Estate Receives $44.5M Loan for Refinancing of Manhattan Apartment Building

by Taylor Williams September 28, 2026

NEW YORK CITY — Locally based owner-operator Benchmark Real Estate Group has received a $44.5 million loan for the refinancing of a 61-unit apartment building located at 194 E. Second St. in Manhattan’s East Village. The six-story building offers a fitness center, resident lounge and landscaped courtyard in addition to 15,450 square feet of retail space that is anchored by convenience store operator Duane Reade. Michael Zaremski, John Flynn and Clayton Ross of JLL arranged the loan through Citi on behalf of Benchmark, which purchased the building in 2024 and implemented capital improvements.

September 28, 2026

Acquisitions California Multifamily Student Housing Western

LaSalle Acquires 482-Bed Student Housing Community Near San Jose State University

by Amy Works September 28, 2026

SAN JOSE, CALIF. — LaSalle Investment Management has acquired 27 North Apartments, a 482-bed student housing community located near the San Jose State University campus. The seven-story property offers 119 units in a mix of two-, three- and four-bedroom configurations. The community was fully occupied at the time of sale. The Dinerstein Cos. has been tapped to operate the property, which was built in 2016. The seller and terms of the transaction were not released.

September 28, 2026

Acquisitions California Multifamily Western

Keech Properties Buys Sunsweet Apartments in Silicon Valley for $45M

by Amy Works September 28, 2026

MORGAN HILL, CALIF. — Redwood City, Calif.-based Keech Properties has acquired Sunsweet Apartments in Morgan Hill, about 10 miles south of San Jose, for $45 million. Built in 2020, Sunsweet Apartments is situated on a 1.9-acre site. A resort-style pool, fitness center, clubhouse, electric vehicle charging stations and multiple outdoor gathering spaces complement the 87 studios, one- and two-bedroom units. The property also has roughly 8,000 square feet of ground-floor retail space. According to The Mercury News, the seller was Republic Urban Properties, a San Jose-based developer represented in the deal by Northmarq’s Anthony Pappageorge and Zach LeBeouf.

September 28, 2026

Colorado Development Multifamily Western

Grand Peak, Silverton Break Ground on 164-Unit Mixed-Income Community in Avon, Colorado

by Amy Works September 28, 2026

AVON, COLO. — Denver-based developer Grand Peak, in partnership with Silverton Holdings, a Braselton, Ga.-based developer specializing in hospitality projects, has broken ground on The Summit. The 164-unit community is situated in Avon, approximately 106 miles west of Denver and about 10 miles west of Vail. Civitas Capital Group provided an undisclosed sum of construction financing for the project, which will include 16 workforce housing units reserved for tenants earning no more than 100 percent of the area median income. Amenities will include a fitness center, game room, dedicated ski and gear storage, three hot tubs, outdoor courtyards and lounge areas, remote work office space and an underground heated parking garage. Completion is slated for 2029.

September 28, 2026

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