Tuesday, July 22, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Multifamily

The-Luxx-San-Antonio
AcquisitionsMultifamilyStudent HousingTexas

Palladius Capital Management Buys 694-Bed Student Housing Community in San Antonio

by Taylor Williams

SAN ANTONIO — Austin-based investment firm Palladius Capital Management has purchased The Luxx, a 694-bed student housing community that serves students at the University of Texas at San Antonio (UTSA). Built in 2014, the property is located roughly a mile from campus and offers one-, two- and four-bedroom layouts across 220 units with bed-to-bath parity. Amenities include a pool, study spaces, volleyball court, fitness center, dog park and outdoor grills and dining stations. Palladius plans to implement a value-add program. The seller and sales price were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
3900-Lemmon-Ave.-Dallas
DevelopmentMultifamilyTexas

Trademark Receives Zoning Approval for 400-Unit Multifamily Project in Dallas

by Taylor Williams

DALLAS — Trademark Property Co. has received approval from the Dallas City Council to rezone the site at 3900 Lemmon Ave. in the Oak Lawn area. The Fort Worth-based developer plans to construct a multifamily community with more than 400 units at the corner of Lemmon Avenue and Reagan Street. The building will rise three to seven stories and encompass three acres. The preliminary design includes plans for pocket parks, an amenity terrace and a ground-floor restaurant. Dallas-based GFF is the project architect. A construction timeline has not yet been established. 

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilyTexas

S2 Capital Acquires 202-Unit Multifamily Property in Southwest Austin

by Taylor Williams

AUSTIN, TEXAS — Dallas-based investment firm S2 Capital has acquired Vineyard Hills, a 202-unit multifamily property in southwest Austin. The site spans 11 acres, and the property features one-, two- and three-bedroom floor plans. Amenities include a pool, spa, dog park and outdoor grilling and dining stations.  Ryan McBride, Robert Arzola, Robert Wooten, Alex Fernandes and Nick Beardslee of JLL represented the seller, Bob Reeves, in the transaction. Mark Brandenburg, also with JLL, arranged an undisclosed amount of acquisition financing for the deal through Benefit Street Partners. S2 Capital acquired the property in conjunction with Belle Rive Club Apartments, a 104-unit complex in Jacksonville, Fla.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentFloridaLoansMultifamilySoutheast

Berkadia Arranges $400M Construction Loan for Condo Development on Fisher Island in South Florida

by John Nelson

FISHER ISLAND, FLA. — Berkadia has arranged a $400 million construction loan for the development of The Residences at Six Fisher Island, an ultra-luxury condominium property in Miami-Dade County. The 10-story development will feature 50 for-sale condos and high-end amenities on the northeastern shoreline of Fisher Island, a barrier island east of Miami. Scott Wadler, Michael Basinski, Patrick Johnson, Mitch Sinberg, Brad Williamson and Matthew Robbins of Berkadia arranged the loan through Madison Realty Capital. The borrowers — Related Group, Teddy Sagi, BH Group and Wanxiang America RE Group — launched sales for The Residences at Six Fisher Island in late 2022, generating more than $500 million in sales to date. Two of the property’s penthouses sold earlier this year for a combined total of $150 million, with remaining inventory targeting prices north of $4,000 per square foot. The project is set to begin construction this summer, with completion slated for 2026.

Continue Reading
FacebookTwitterLinkedinEmail
ColoradoDevelopmentLoansMultifamilyWestern

BWE Provides $39.4M HUD Construction Loan for Pueblo Springs Multifamily Community in Pueblo, Colorado

by Amy Works

PUEBLO SPRINGS, COLO. — BWE, on behalf of ESH Development, has secured a $39.5 million HUD 221(d)(4) loan to finance the development of Pueblo Springs, a Class A market-rate apartment project in Pueblo, approximately 45 miles south of Colorado Springs. James Swanson of BWE’s Phoenix office originated the financing. The HUD-insured loan provides for a combined construction and permanent financing for market-rate multifamily projects. The non-recourse, fully assumable loan features a 40-year, fully amortizing term that will qualify for HUD’s reduced rates for eco-friendly developments upon final construction and delivery of units. Pueblo Springs will feature 199 units with nine-foot ceilings in select units, walk-in closets, ceiling fans, private balconies or patios, soaking tubs, breakfast bars, pantries, granite or quartz countertops, and stainless steel and Energy Star appliances, including in-unit washers/dryers. Community amenities will include a clubhouse with Wi-Fi, a fitness center, business center/e-lounge, community room with gourmet kitchen, bike storage, heated pool and spa, barbecue and picnic areas, walking paths, extensive landscaping, 24-hour emergency staff and gated entry. Colorado Structures is serving as general contractor for the project, which will be built to a high standard of energy efficiency.

Continue Reading
FacebookTwitterLinkedinEmail
Le-Chateau-Apts-Anaheim-CA
AcquisitionsCaliforniaMultifamilyWestern

Marcus & Millichap Negotiates $27M Sale of La Chateau Apartments in Anaheim, California

by Amy Works

ANAHEIM, CALIF. — Marcus & Millichap has arranged the sale of La Chateau Apartments, a multifamily community in Anaheim. The asset traded for $27.4 million, or $361,184 per unit. Tyler Leeson, Matt Kipp and Nicholas Kazemi of Marcus & Millichap represented the undisclosed seller, while Drew Holden of Marcus & Millichap represented the undisclosed buyer in the deal. Built in 1964, Le Chateau offers 76 apartments in single-floor and townhome unit styles, all with two bedrooms. Each unit features a private patio and carport with an overhead storage bin. Community amenities include four on-site laundry facilities, a clubhouse and gated garage.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestMultifamilyNorth Dakota

Gindi Equities Acquires 243-Unit Multifamily Community in Fargo, North Dakota

by Kristin Harlow

FARGO, N.D. — Gindi Equities has acquired Osgood Townsite Apartments, a 243-unit multifamily community built in 2004 in Fargo. Property Resources Group sold the asset for an undisclosed price. The acquisition marks Gindi’s entry into the Fargo market. Gindi plans to invest in a renovation program to modernize and enhance the Class B property. Planned improvements include redesigned kitchens and bathrooms and upgraded building exteriors and grounds. Gindi will also implement sustainable elements and energy savings fixtures to increase efficiency and reduce utility costs. Property Resources Group will continue to manage and service the asset. With this acquisition, Gindi’s multifamily portfolio is valued at over $250 million and includes 2,000 units across the country.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsHealthcareMultifamilyNevadaSeniors HousingWestern

ESI Brokers $8.5M Sale of Post-Acute Rehab Facility in Las Vegas

by Amy Works

LAS VEGAS — Evans Senior Investments (ESI) has arranged the sale of a 45-bed post-acute rehab community in Las Vegas.  The seller was a regional owner-operator. A national owner-operator with a presence in Nevada acquired the asset for $8.5 million, or $188,888 per bed. The community, exclusively licensed to accept Medicare only, has provided skilled nursing care since its inception in 2015. At the time of marketing, the facility was 73 percent occupied and had struggled to maintain healthy occupancy levels in previous months. Despite these challenges, ESI noted the facility’s growth potential and the anticipated Medicare rate increase set to take effect this year. The previous owner-operator made the strategic decision to divest this asset to better concentrate on its regional portfolio. This was the seller’s only asset outside of the state of Michigan.

Continue Reading
FacebookTwitterLinkedinEmail
Federal-Realty-Bala-Cynwyd
DevelopmentMultifamilyNortheastPennsylvania

Federal Realty Breaks Ground on 217-Unit Multifamily Redevelopment in Metro Philadelphia

by Taylor Williams

BALA CYNWYD, PA. — Federal Realty Investment Trust has broken ground on a 217-unit multifamily redevelopment project in Bala Cynwyd, a northwestern suburb of Philadelphia. The project, which represents the second phase of a larger redevelopment, will convert a former 120,000-square-foot Lord & Taylor department store into an apartment complex with 16,000 square feet of ground-floor retail space. Bernardon is the project architect, and Bohler is the civil engineer. Construction is slated for a 2026 completion. Federal Realty received zoning approval for the project in February.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisMidwestMultifamily

DMG Capital Acquires Linkt Apartments in Chicago’s River West for $14.2M

by Kristin Harlow

CHICAGO — DMG Capital, the multifamily investment affiliate of Chicago-based Daniel Management Group, has acquired Linkt Apartments in Chicago’s River West neighborhood for $14.2 million. The luxury apartment property includes 47 units and two street-level retail spaces. The asset is 95 percent occupied. DMG will manage the building and oversee a common area refresh and light unit rehabs. The fitness center, outdoor green space and lobby will all be part of upgrades that will occur in the second half of this year. The acquisition marks DMG Capital’s third in six months, totaling $40 million in new assets. Philip Galligan and Danny Kaufman of JLL Capital Markets arranged debt financing through Freddie Mac. Meredith Katz and Ariel Murray of Greenberg Traurig LLP represented DMG in the purchase. Craig Martin and Joe Smazal of Interra Realty brokered the transaction on behalf of the buyer and undisclosed seller.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts