Multifamily

IPA Capital Markets Arranges $44M in Financing for Two Apartment Properties in Los Angeles

by Amy Works March 12, 2026

LOS ANGELES — IPA Capital Markets, a division of Marcus & Millichap, has arranged $44 million in financing for two multifamily communities in Los Angeles. Moderno Axis, located at 7650 Van Nuys Blvd. in the city’s Van Nuys neighborhood, received $28.3 million in financing. Moderno La Granada Hills, at 17454 Chatsworth St. in the Granada Hills neighborhood, received $15.7 million in financing. Anita Paryani-Rice of IPA Capital Markets secured the financing with a national bank on behalf of the private client. The five-year, fixed-rate, nonrecourse loans were structured with full-term interest-only payments, step-down prepay and no lender origination fees. Situated next to Van Nuys MetroLink and Amtrak Station, Moderno Axis offers 126 studio, one- and two-bedroom units. Community amenities include in-unit laundry, a fitness center, swimming pool, hot tub, bike storage, fire pits, a barbecue area, dog park and an onsite pet grooming spa. Located near California State University Northridge, Moderno La Granada Hills features 54 studio, one- and two-bedroom apartments with in-unit laundry and central air and heating. Onsite community amenities include a fitness center, pool with hot tub and sundeck, a dog park and onsite pet grooming, recreation room with media and gaming, a media theater, fire pit …

March 12, 2026

Acquisitions Colorado Multifamily Seniors Housing Western

Inland Buys 132-Unit Seniors Housing Community in Monument, Colorado

by Amy Works March 12, 2026

MONUMENT, COLO. — Inland Real Estate Acquisitions has negotiated and closed the purchase of Jackson Creek Senior Living, a 132-unit seniors housing property in Monument, approximately 20 miles north of Colorado Springs. Mark Cosenza of Inland Acquisitions, with assistance from Brett Smith of The Inland Real Estate Group, Law Department, completed the transaction. Constructed in 2017 at 16601 Jackson Creek Parkway, Jackson Creek features 27 independent living, 75 assisted living and 30 memory care units. The community also features a collective dining room with chef-prepared meals, a bistro, library, fitness center, salon, movie theater, complimentary transportation, daily resident safety checks and 24-hour concierge service. Additionally, the property is located 1.5 miles from the Tri-Lakes Health Pavilion and nine miles from UCHealth Memorial Hospital in Colorado Springs. Dial Senior Living will manage the property, which has maintained an average occupancy of 96 percent over the last year.

March 12, 2026

Development Illinois Midwest Multifamily Seniors Housing

Skender Breaks Ground on 70-Unit Independent Living Community in Arlington Heights, Illinois

by Kristin Harlow March 12, 2026

ARLINGTON HEIGHTS, ILL. — Skender has broken ground on The Moorings of Arlington Heights, a senior living community operated by Presbyterian Living in metro Chicago. The 172,000-square-foot project will include 70 independent living apartments as part of a larger campus expansion and repositioning at 811 E. Central Road. Designed by Perkins Eastman, the residences will range from 1,050 to 1,900 square feet. The five-story building will include a social and wellness space. Additional amenities will include walking paths, a pond expansion, sitting area and outdoor space. Completion is slated for fall 2027.

March 12, 2026

Arkansas Development Southeast Student Housing

Endeavor Breaks Ground on 1,009-Bed Student Housing Development Near University of Arkansas

by John Nelson March 12, 2026

FAYETTEVILLE, ARK. — Endeavor Real Estate Group has begun construction on Juniper, a 1,009-bed student housing development located at 77 S. Duncan Ave. near the University of Arkansas campus in Fayetteville. The community will offer 294 units upon completion, which is scheduled for summer 2028. Shared amenities are set to include hospitality-themed gathering spaces; a rooftop pool and sky lounge; sauna and cold plunge; cabanas and grilling areas; a Jumbotron; fitness enter; yoga and Pilates studio; spin room; golf simulator; private courtyards; secured garage parking and bicycle storage; and 3,000 square feet of ground floor retail space. The project team for Juniper includes Endeavor Opportunity Partners III, Marble Capital, Kennedy Wilson, JLL, FaverGray, Modus Studios and Ecological Design Group.

March 12, 2026

Development Multifamily Northeast Pennsylvania

Joint Venture to Develop $67M Multifamily Project in Lehigh Valley

by Taylor Williams March 12, 2026

PALMER TOWNSHIP, PA. — A joint venture between Greystone Capital, Black Bear Asset Management and The Crest Group will develop a $67 million multifamily project in Palmer Township, located outside of Allentown in the Lehigh Valley region. The site spans 16 acres at 1493 Van Buren Road, and the development will comprise 216 units across six residential buildings and a standalone clubhouse building. The unit mix will consist of 90 one-bedroom and 126 two-bedroom apartments that will be furnished with stainless steel appliances, quartz countertops and individual washers and dryers. Amenities will include a fitness center, resident lounge, pickleball court and outdoor grilling areas. A construction timeline was not announced.

March 12, 2026

Development Mixed-Use Multifamily Office Retail Southeast Virginia

LEG, JM Zell Plan to Convert Former TSA Headquarters in Metro D.C. to Apartment Property

by John Nelson March 12, 2026

ARLINGTON, VA. — Lincoln Equities Group (LEG) and JM Zell Partners have submitted an application to convert the former headquarters of the Transportation Security Administration (TSA) in Arlington’s Pentagon City neighborhood into apartments. The project would reposition the two vacant office buildings, which the TSA vacated in 2020, into a property with 637 apartments and 31,000 square feet of retail space. In addition to converting 571,564 square feet of obsolete office space, plans for the 4.9-acre site include developing 116,244 square feet of new residential floor area, two new retail areas and a half-acre public plaza that connects to the Metro, as well as maintaining the 900-space underground parking garage that serves both buildings. LEG and JM Zell’s plans were submitted to Arlington County earlier this month and are pending review and approval. The design-build team includes Arquitectonica (architect) and Oculus (landscape architect). The co-developers have selected Wire Gill LLP as their land use attorney.

March 12, 2026

Acquisitions Florida Georgia Seniors Housing Southeast

Foundry Acquires Five Seniors Housing Communities in Georgia, Florida

by John Nelson March 12, 2026

ORLANDO, FLA. — Foundry Commercial, a commercial real estate services firm, developer and investor based in Orlando, has acquired five seniors housing communities in Georgia and Florida. Totaling 320 units, the portfolio comprises two communities in Warner Robins and Boynton Ridge, Ga., and three communities in Jacksonville, Titusville and Plant City, Fla. Allegro Living Management, an affiliate of Foundry, will operate the portfolio under the Alto brand. Each community features 44 assisted living units and 20 memory care units and has an average vintage age below five years, according to Foundry. Blueprint Healthcare Real Estate Advisors represented the undisclosed seller, a regional development firm, in the transaction. The sales price was also not disclosed.

March 12, 2026

Loans Multifamily New York Northeast

Ariel Property Advisors Arranges $12M Loan for Refinancing of Queens Multifamily Portfolio

by Taylor Williams March 12, 2026

NEW YORK CITY — Ariel Property Advisors has arranged a $12 million loan for the refinancing of a portfolio of three multifamily buildings totaling 60 units in Queens. The addresses of the buildings, which are located in the borough’s Sunnyside neighborhood, were not disclosed. Matthew Dzbanek and Matt Swerdlow of Ariel arranged the five-year loan, which was structured with at 65 percent loan-to-value ratio and two years of interest-only payments. The undisclosed borrower will use a portion of the proceeds to complete renovations that are already underway.

March 12, 2026

The-Junction-Cottages-&-Townhomes-College-Station

Acquisitions Multifamily Student Housing Texas

Landmark, Stockbridge Buy 801-Bed Student Housing Property in College Station, Texas

by Taylor Williams March 11, 2026

COLLEGE STATION, TEXAS — A partnership between Landmark Properties, a Georgia-based student housing owner-operator, and San Francisco-based investment firm Stockbridge has acquired an 801-bed property in College Station. The Junction Cottages & Townhomes was built on 22 acres in 2016 and offers 186 units across three- and five-bedroom standalone cottages, as well as three-, four- and five-bedroom duplex townhomes. The average unit size is 1,700 square feet. Amenities include a clubhouse with office space, pool with a swim-up bar, outdoor grilling and dining stations, social gaming lounge and a fitness center. CBRE brokered the deal. The seller and sales price were not disclosed.

March 11, 2026

Acquisitions Multifamily Texas

IPA Negotiates Sale of 438-Unit Apartment Community in North Dallas

by Taylor Williams March 11, 2026

DALLAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of IMT Prestonwood, a 438-unit apartment community in North Dallas. Built in 2018 just off the Dallas North Tollway, the property offers one- and two-bedroom units with an average size of 815 square feet. Amenities include two pools with cabanas, a clubhouse, sports lounge and outdoor entertainment spaces. Joey Tumminello, Drew Kile, Michael Ware, Taylor Hill, Shelby Vosburg and Jack Windham of IPA represented the seller, IMT Capital, in the transaction. The team also procured the undisclosed buyer, which has rebranded the property as Windsor Addison Apartments.

March 11, 2026

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