Multifamily

Walker & Dunlop Arranges $80M Loan for Multifamily Development on Miami’s Bay Harbor Islands

by Abby Cox February 27, 2026

MIAMI — Walker & Dunlop has arranged $80 million in construction financing for 10290 East Bay Harbor Drive, a luxury multifamily development on Bay Harbor Islands in Miami. Adam Schwartz, Jonathan Schwartz, Aaron Appel, Keith Kurland, Sean Reimer, Michael Diaz and Michael Ianno of Walker & Dunlop arranged the floating-rate, interest-only loan through New York-based Madison Realty Capital on behalf of the borrower, Clara Homes. 10290 East Bay Harbor Drive is the third apartment complex located within a three-phased master-planned development on Bay Harbor Islands. The six-story apartment building will total 250,000 square feet with 77 units, according to South Florida Business Journal, bringing Clara Homes to 150 luxury apartments on the Bay Harbor Islands. Amenities at the complex will include a rooftop swimming pool with panoramic views, fitness center and an outdoor yoga studio. 10290 East Bay Harbor Drive is also situated near Bal Harbour Shops, which is currently undergoing a $550 million redevelopment.

February 27, 2026

Alabama Development Multifamily Southeast

JCCG Underway on 250-Unit Build-to-Rent Community in Loxley, Alabama

by Abby Cox February 27, 2026

LOXLEY, ALA. — Jim Chapman Construction Group (JCCG) is underway on the construction of The Cottages at Loxley, a 250-unit build-to-rent residential community located in Loxley, a city in Alabama’s Baldwin County. The firm broke ground on the project in January, with vertical construction slated to begin later this year. Situated on roughly 51 acres along I-10, The Cottages at Loxley will comprise single-family rental homes ranging in size from 1,000 to 1,493 square feet, featuring open-concept layouts and attached private garages. Planned amenities will include a clubhouse, swimming pool, fitness center, onsite property management and 24-hour emergency maintenance. The community is designated to serve families within the Baldwin County Public Schools system, including Loxley Elementary School, Central Baldwin Middle School and Robertsdale High School.

February 27, 2026

Development Georgia Loans Multifamily Southeast

Thompson Thrift to Develop 300-Unit Multifamily Community in Dacula, Georgia

by Abby Cox February 27, 2026

DACULA, GA. — Indiana-based Thompson Thrift will develop Lineage, a 300-unit multifamily project in Dacula, an Atlanta suburb in Gwinnett County. The development will be capitalized with equity from Thompson Thrift’s 2026 Multifamily Development LP fund, while PNC Bank will provide construction financing for the project. Lineage marks Thompson Thrift’s 100th multifamily community to be developed nationwide. Spanning nearly 15 acres at the Harbins Road and Ga. State Route 316 interchange, Lineage will comprise four-story buildings with one-, two- and three-bedroom floorplans. Select homes will feature private patio, balcony and yard options, as well as detached garages, high-speed internet access and an Amazon package hub. Amenities will include a golf simulator, swimming pool, fitness center, pickleball court, lounges, coworking and conference space, a dog park, pet spa, outdoor firepits and grilling areas, event space and landscaped courtyards. Additionally, more than 9,500 square feet of street-level retail space will be designed with outdoor seating, “play” space and a designated area for outdoor concerts.

February 27, 2026

Development Indiana Loans Midwest Multifamily

Maverick, American Mortgage Arrange Construction Financing for $26M Condo Project in Indiana

by Kristin Harlow February 27, 2026

BLOOMINGTON, IND. — Maverick Commercial Mortgage and American Mortgage & Realty have arranged construction financing for ONE15 Lofts on Kirkwood, a $26 million condominium project in Bloomington. First Farmers Bank & Trust provided the 36-month loan, which features interest-only payments. Construction is underway on the project, which is developed by Randy Lloyd of Clearpath Services. The development site at 115 E. Kirkwood Ave. was formerly a surface parking lot adjacent to CVS and directly across from the historic Buskirk-Chumley Theater. The five-story project will feature 17 luxury condominiums, 90 percent of which are pre-sold. Units will range from 1,600 to over 4,000 square feet. The first two floors will feature a new restaurant concept by Cassady’s, the owners of Uptown Café. The project team includes Kunkel Design Group, Genesis Build and interior designer Lindsay Taylor Bell. Kerry Feigenbaum of FC Tucker/Bloomington Realtors is handling residential sales. Completion is slated for 2027.

February 27, 2026

Acquisitions Illinois Midwest Multifamily

Interra Realty Negotiates $11.7M Sale of Chicago Apartment Building

by Kristin Harlow February 27, 2026

CHICAGO — Interra Realty has negotiated the $11.7 million sale of a 46-unit apartment building located at 4400 S. Drexel Blvd. in Chicago’s Kenwood neighborhood. Lucas Fryman of Interra represented the buyer and seller, whom Interra represented during the initial 2020 acquisition. The property was 91 percent occupied at the time of sale, and every resident holds a Housing Choice Voucher administered through the Chicago Housing Authority. Built in 1924, the courtyard-style building features predominantly two-bedroom units. Recent renovations reconfigured floor plans to maximize livable square footage without increasing unit count. Residences also received upgraded finishes, individual HVAC systems, dishwashers and in-unit laundry.

February 27, 2026

Acquisitions Multifamily Student Housing Texas

JLL Negotiates Sale of 748-Bed Student Housing Community in San Marcos, Texas

by Taylor Williams February 26, 2026

SAN MARCOS, TEXAS — JLL has negotiated the sale of Arba San Marcos, a 748-bed student housing community located near the Texas State University campus in San Marcos. Built in 2014, the property offers 240 units in a mix of two-, three- and four-bedroom configurations with bed-to-bath parity. JLL represented the seller, Palatine Capital Partners, an investment firm with offices in Miami, New York City and Los Angeles, in the transaction. The buyer was Miami-based investment firm Centurion Property Group. The sales price was not disclosed.

February 26, 2026

Acquisitions Midwest Multifamily Seniors Housing Wisconsin

Northmarq Arranges $10.7M Sale of Senior Living Portfolio in Madison Metro Area

by Kristin Harlow February 26, 2026

MADISON AND VERONA, WIS. — Northmarq has arranged the $10.7 million sale of Westminster and Prairie Oaks II, two senior living communities totaling 102 units in the Madison metro area. Both properties operate under low-income housing tax credit restrictions through 2032 and are designated for residents age 55 and older. Westminster in Verona was built in 2003, and Prairie Oaks II in Madison was constructed in 2002. Both feature one- and two-bedroom floor plans with amenities such as underground heated parking, community lounges, fitness and business centers and onsite management. Jake Lamb, Parker Stewart, Dominic Martinez and Alex Malzone of Northmarq represented the seller, Lakeside Capital Advisors. TPW Properties was the buyer.

February 26, 2026

Development Loans Multifamily Northeast Pennsylvania

Banco Inbursa Provides $150M Construction Loan for South Philadelphia Multifamily Project

by Taylor Williams February 26, 2026

PHILADELPHIA — Banco Inbursa has provided a $150 million senior construction loan for a multifamily project that will be located within Wharton Piers, a mixed-use waterfront development in South Philadelphia. The project will consist of a 36-story residential building and a single-story commercial building for a total of 620 market-rate apartments and 30,800 square feet of retail space. The borrower/developer is New York City-based Brevet Capital. Construction is expected to begin in early 2027, with leasing to commence in the fourth quarter of 2028. Full completion is slated for the first quarter of 2029.

February 26, 2026

Development Loans Multifamily New Jersey Northeast

CBRE Arranges $40M Construction Loan for Northern New Jersey Multifamily Project

by Taylor Williams February 26, 2026

MORRISTOWN, N.J. — CBRE has arranged a $40 million construction loan for an 89-unit multifamily project that will be located in the Northern New Jersey community of Morristown. Known as Morristown Station, the development will comprise 76 market-rate apartments and 13 affordable housing units, mostly in two-bedroom floor plans, as well as 5,111 square feet of retail space. Matthew Pizzolato and Josh Stein of CBRE arranged the loan through Truist Bank on behalf of the owner, an entity doing business as Lackawanna Place Morristown Urban Renewal LLC.

February 26, 2026

Development Multifamily Texas

Harbert South Bay to Develop 162-Unit Seniors Housing Project in Dallas

by Taylor Williams February 25, 2026

DALLAS — Harbert South Bay will develop The Marianne on Inwood, a 162-unit seniors housing project in Dallas. The site is adjacent to the Highland Park area, and the 294,000-square-foot facility will offer independent living, assisted living and memory care residences. Amenities will include multiple dining venues, indoor and outdoor pools, a gym, hair salon, media lounge and a golf simulator. Project partners include Arcadis (architect), Bozzuto Construction (general contractor) and Momentum Senior Living (operator). Construction will begin in the coming weeks, and completion is scheduled for 2027.

February 25, 2026

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