Multifamily

McShane Completes 72-Unit Senior Living Community in Mukwonago, Wisconsin

by Kristin Harlow February 24, 2026

MUKWONAGO, WIS. — McShane Construction Co. has completed Azura Mukwonago, a 72-unit assisted living and memory care community in Mukwonago, about 30 miles southwest of Milwaukee. Azura Living was the developer. Designed by EUA, Azura Mukwonago integrates two assisted living buildings and one memory care building on a 6.4-acre site. A 35-foot barn serves as a storage facility. Amenities include community rooms, dining rooms, kitchens, sunrooms, a fitness area, spa, salon, community garden, walking paths, a putting green, bocce ball courts and courtyards.

February 24, 2026

Acquisitions Company News Multifamily New Jersey Northeast Top Stories

Affinius Capital-Led Consortium Agrees to Acquire Veris Residential in $3.4B Go-Private Deal

by John Nelson February 24, 2026

JERSEY CITY, N.J. — An investor consortium led by Affinius Capital has entered into a definitive merger agreement to acquire Veris Residential Inc. (NYSE: VRE), a multifamily real estate investment trust (REIT) based in Jersey City. As of Dec. 31, 2025, the company’s portfolio spanned more than 6,500 units in the Northeast, as well as $35 million in land bank holdings. Under the terms of the agreement, the consortium, which also includes Vista Hill Partners, will purchase Veris in an all-cash transaction for $19 per share of the REIT’s common stock, with represents an implied enterprise value of $3.4 billion. As a result of the transaction, Veris will no longer be publicly traded on the New York Stock Exchange. Mahbod Nia, CEO of Veris, says the merger represents the culmination of a multi-year transformation of the company that began in 2020, when the firm, then known as Mack-Cali Realty Corp., established its ESG committee. “Over the past five years, we have undertaken meaningful steps to pivot away from office, simplifying and focusing the business, strengthening our balance sheet and enhancing our operational platform,” says Nia. The transaction price reflects a 23.2 percent premium to Veris’ unaffected closing share price on Wednesday, …

February 24, 2026

Acquisitions Midwest Minnesota Multifamily

JLL Arranges Sale of 180-Unit Luxury Multifamily Community in Metro Twin Cities

by Kristin Harlow February 23, 2026

COON RAPIDS, MINN. — JLL Capital Markets has arranged the sale of Lyra at Riverdale Station, a luxury multifamily community with 180 units in the northern Twin Cities suburb of Coon Rapids. Josh Talberg and Joseph Peris of JLL represented the seller and procured the buyer, MLG Capital, which assumed the property’s existing HUD loan. Lyra represents the counterpart asset to Aster, which JLL brokered the sale of in December.

February 23, 2026

Acquisitions Illinois Midwest Multifamily

Triad Real Estate Partners Brokers Sale of 94-Unit Apartment Complex in Westmont, Illinois

by Kristin Harlow February 23, 2026

WESTMONT, ILL. — Triad Real Estate Partners has brokered the sale of The Quincy Station Apartments in Westmont for an undisclosed price. Completed in 2022, the property consists of 94 units and a ground-floor restaurant named Whiskey Hill. Chicago-based Banner Real Estate Group purchased the asset from Holladay Properties. The property features one-, two- and three-bedroom units and is situated within steps of a Metra station.

February 23, 2026

Acquisitions Seniors Housing Southeast Tennessee

BWE Arranges Sale of 100-Unit Seniors Housing Community in Metro Nashville

by John Nelson February 23, 2026

GALLATIN, TENN. — BWE has arranged the sale of The Capstone at Station Camp, a 100-unit assisted living and memory care facility located at 108 Miss B Blvd. in Gallatin, about 30 miles northeast of Nashville. Charley Bissell, Ryan Stoll and Taylor Mokris of BWE represented the seller, Hunt Midwest, in the transaction. BWE also arranged acquisition financing through a regional bank on behalf of the buyer, an unnamed healthcare investment firm based in Texas. The sales price and loan amount were not disclosed. TerraBella Senior Living operates The Capstone at Station Camp.

February 23, 2026

Acquisitions Loans Louisiana Multifamily Southeast

Red Oak Provides $3.5M Bridge Loan for Apartment Community in Bossier City, Louisiana

by John Nelson February 23, 2026

BOSSIER CITY, LA. — Red Oak Capital Holdings LLC has provided a $3.5 million bridge loan for the acquisition and repositioning of Swan Lake Apartments, an 82-unit community located at 4632 Ruffin St. in Bossier City. Stratos Athanassiades, Thomas Gorski and James Myatt of Red Oak secured the loan on behalf of the borrower, GemStar Capital Group. The loan features an initial 18-month term and was underwritten at a loan-to-stabilized-value ratio of 73.46 percent. Built in 1970, Swan Lake comprises 12 two-story buildings and was 82 percent occupied at loan closing. The 5.2-acre property features a unit mix of 35 one-bedroom, 41 two-bedroom and six three-bedroom apartments. The borrower plans to make light interior renovations and modest exterior repairs/enhancements over the next 12 months. Swan Lake is the first acquisition outside of the Northeast for GemStar.

February 23, 2026

70-Abendroth-Avenue-Port-Chester-New-York

Development Loans Multifamily New York Northeast

Truist Provides $66M Construction Loan for Multifamily Project in Port Chester, New York

by Taylor Williams February 23, 2026

PORT CHESTER, N.Y. — Charlotte-based Truist Bank has provided a $66 million construction loan for a 203-unit multifamily project in Port Chester, located along the New York-Connecticut border. The site is located at 70 Abendroth Road in the downtown area. The six-story building will include roughly 20 affordable housing units that will be reserved for households earning 60 percent or less of the area median income, as well as 10,000 square feet of retail space, a community facility and structured parking. John Alascio and Chuck Kohaut of Cushman & Wakefield arranged the loan on behalf of the developer, Hudson Cos.

February 23, 2026

Acquisitions Multifamily Washington Western

Northmarq Negotiates $19.5M Sale of Merritt Manor Apartments in Olympia, Washington

by Amy Works February 20, 2026

OLYMPIA, WASH. — Northmarq has arranged the sale of Merritt Manor, a mid-rise apartment community in Olympia. Fourth Street’s Merritt Manor LLC sold the asset to Merritt Manor LLC for $19.5 million. Joe Kinkopf, Steve Fischer and Tyler Smith of Northmarq’s Seattle Investment Sales team represented the seller in the transaction. Located at 3335 Martin Way E, Merritt Manor features 82 two- and three-bedroom apartments with stainless steel appliances, granite countertops, moving kitchen islands, full-size washer/dryers, carpets bedrooms and walk-in closets. Community amenities include a community garden, grilling area, playground, basketball court, community lounge, EV charging station, ample off-street parking, elevator access and video patrol. The property was built in 2020.

February 20, 2026

Florida Loans Multifamily Southeast

Berkadia Arranges $42.5M Refinancing of Multifamily Community in Panama City Beach, Florida

by Abby Cox February 20, 2026

PANAMA CITY BEACH, FLA. — Berkadia has arranged $42.5 million in debt and equity to refinance Exchange at the Beach, a 232-unit multifamily apartment community located in the Upper Grand Lagoon neighborhood of Panama City Beach. Mitch Sinberg, Scott Wadler, Brad Williamson and Matt Robbins of Berkadia secured a $29 million, five-year, fixed-rate Freddie Mac loan on behalf of the borrower, JSB Capital. Berkadia also arranged $13.5 million in preferred equity. Built in 2022, Exchange at the Beach offers one- and two-bedroom apartments ranging in size from 672 to 1,255 square feet, according to Apartments.com. Amenities include a clubhouse with a coffee bar, business center, gaming area, 24-hour fitness center, swimming pool with a veranda and TV area, outdoor BBQ and grilling stations, an outdoor fireplace and a dog park.

February 20, 2026

Acquisitions Multifamily New Jersey Northeast

Kislak Negotiates $90M Sale of Northern New Jersey Multifamily Portfolio

by Taylor Williams February 20, 2026

WOODBRIDGE, N.J. — Locally based brokerage firm The Kislak Co. Inc. has negotiated the $90 million sale of a portfolio of 10 multifamily properties totaling 540 units in Northern New Jersey. The properties range in size from 14 to 275 units and are scattered across municipalities such as Roselle Park, Elizabeth and Rahway. Jeff Squires of Kislak represented the seller, New Jersey-based owner-operator Landmark Cos., in the transaction. The buyer was not disclosed.

February 20, 2026

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