Multifamily

Seminole Real Estate Fund Buys Denver Apartment Complex for $125.6M

by Amy Works November 10, 2025

DENVER — Seminole Real Estate Fund has acquired Raleigh at Sloan’s Lake, a multifamily community in Denver, from Hines for $125.6 million, or approximately $504,417 per unit. Terrance Hunt, Shane Ozment, Chris Hart and Brad Schlafer of CBRE represented the seller in the transaction. Delivered in 2020, Raleigh at Sloan’s Lake features 249 studio, one- and two-bedroom apartments averaging 994 square feet. The residences offer stainless steel appliances, gas ranges, floor-to-ceiling windows and large walk-in closets. Community amenities include the Sky Lounge rooftop patio and lounge, a dining room and full kitchen, as well as a resort-style pool and fitness center, coworking spaces and a pet spa. Additionally, the property features 4,192 square feet of ground-floor retail space, which is fully leased to Livewell Animal Hospital.

November 10, 2025

Acquisitions Arizona Multifamily Western

Embrey Sells 266-Unit Multifamily Property in Scottsdale, Arizona for $110M

by Amy Works November 10, 2025

SCOTTSDALE, ARIZ. — Embrey has completed the disposition of The Quincy at Kierland, an apartment community in Scottsdale, to Stockdale Capital Partners for $110 million, or $414,474 per unit. Steve Gebing and Cliff David of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Completed in 2024, The Quincy at Kierland offers 266 apartments with high ceilings, engineered hardwood flooring, separate laundry rooms and smart-home technology. Community amenities include a centralized courtyard with a swimming pool and spa and a fitness center with indoor and outdoor accessibility.

November 10, 2025

Acquisitions California Loans Multifamily Seniors Housing Western

Berkadia Arranges Sale, Financing of Two Seniors Housing Communities in Southern California

by Amy Works November 10, 2025

SAN DIEGO AND LOS ANGELES — Berkadia has arranged the sale and financing of two senior living communities located in Southern California. Situated within suburbs of San Diego and Los Angeles, respectively, the properties include an 84-unit assisted living community and a 72-unit memory care community. Together, the communities were roughly 90 percent occupied at the time of financing. Mike Garbers, Cody Tremper, Ross Sanders and Dave Fasano of Berkadia brokered the sale on behalf of the seller, a private owner. Ed Williams and Steve Muth of Berkadia secured acquisition financing through Berkadia’s proprietary lending group on behalf of the undisclosed buyer. The bridge-to-HUD loans feature interest-only payments for 24 months.

November 10, 2025

Affordable Housing Development Michigan Midwest Multifamily

Woda Cooper, Keweenaw Bay Indian Community Open 50-Unit Affordable Housing Project in Michigan

by Kristin Harlow November 10, 2025

MARQUETTE, MICH. — Woda Cooper Cos. Inc. and the Keweenaw Bay Indian Community (KBIC) have opened Black Rock Crossing, a 50-unit affordable housing project in Marquette. The property features 26 one-bedroom units and 24 two-bedroom apartments for residents who earn between 30 to 80 percent of the area median income. Nine of the units are set aside for members of KBIC, and five units are adapted for people with mobility disabilities or sight/hearing challenges. Monthly rents range from $302 to $1,175, depending on income limits and size of unit. Amenities include a second-floor outdoor terrace, multipurpose room, fitness center, common laundry and outdoor playground area. The building is certified as LEED Zero Energy, which will result in lower energy costs for residents. The Michigan State Housing Development Authority allocated housing tax credits, which were purchased by KeyBank Community Development Lending and Investment to provide equity financing. KeyBank also provided a construction loan. Cedar Rapids Bank & Trust provided the permanent mortgage. The City of Marquette approved a Payment in Lieu of Taxes, and the Marquette Housing Commission provided eight project-based vouchers for rental assistance. PCI Design Group Inc. was the architect, and Woda Construction Inc. served as general contractor. Woda …

November 10, 2025

Acquisitions Illinois Midwest Multifamily

Interra Realty Arranges Two Multifamily Sales Totaling $10.6M in Chicago

by Kristin Harlow November 10, 2025

CHICAGO — Interra Realty has arranged the sales of two Chicago apartment buildings. A 14-unit property constructed in 2023 at 5069 N. Northwest Highway in the Jefferson Park neighborhood sold for $5.7 million, while an eight-unit building completed in 2020 at 2034 N. Avondale Ave. in the Bucktown neighborhood traded for $4.9 million. Brad Feldman of Interra represented the seller, a private local developer, in both transactions. Michael Duckler of Interra represented the confidential buyer of 5069 N. Northwest Highway. The private buyer of 2034 N. Avondale Ave. acquired the property as part of a 1031 exchange and assumed the seller’s debt on the asset. Both properties were fully occupied at the time of sale.

November 10, 2025

Development Multifamily Northeast Pennsylvania

Milhaus, BAM Capital Complete 272-Unit Apartment Complex Near Pittsburgh

by Taylor Williams November 7, 2025

ROBINSON TOWNSHIP, PA. — A partnership between two Indiana-based firms, developer Milhaus and investment group BAM Capital, has completed a 272-unit apartment complex located just west of Pittsburgh in Robinson Township. Known as Nox Living, the property offers studio, one-, two- and three-bedroom floor plans and amenities such as a pool, fitness center, coworking space, pickleball court, resident lounge and outdoor grilling and dining stations. Rents start at roughly $1,650 per month for a studio apartment, according to the property website.

November 7, 2025

Acquisitions Florida Multifamily Southeast

Pinnacle Sells Elyps Luxury Apartments in Fort Lauderdale for $46.5M

by Abby Cox November 7, 2025

FORT LAUDERDALE, FLA. — Miami-based developer Pinnacle has sold Elyps Apartments, a 140-unit luxury community in Fort Lauderdale, for $46.5 million. The buyer was Ram Elyps LLC, an affiliate of Rental Asset Management (RAM). CBRE represented Pinnacle affiliate, Bimini Cove LLC, in the transaction. Completed in 2023, Elyps offers one- and two-bedroom floorplans ranging in size from 777 to 1,182 square feet, according to Apartments.com. Amenities at the property include a swimming pool and sundeck, fitness center, business center, rooftop terrace, pet washing station and electric vehicle charging stations.

November 7, 2025

Acquisitions Affordable Housing North Carolina Southeast

LEO Impact Capital Acquires Sharon Crossing Affordable Housing Complex in Charlotte for $20.7M

by Abby Cox November 7, 2025

CHARLOTTE, N.C. — LEO Impact Capital, JBG SMITH’s workforce housing investment management platform, has acquired Sharon Crossing, a 144-unit, garden-style apartment complex located in Charlotte. The $20.7 million acquisition, which marks LEO’s first transaction outside the Washington, D.C., region and the first investment from its newly launched LEO Impact Housing Fund, will preserve long-term affordability for Sharon Crossing’s middle-income residents. Additionally, LEO Impact Capital is partnering with the Lotus Campaign, a North Carolina-based nonprofit organization that works to provide long-term housing for formerly homeless individuals, to reserve roughly 30 units for Lotus clients through its landlord participation program. Sharon Crossing offers one- and two-bedroom apartments across 20 residential buildings. Community amenities include a resort-style swimming pool and sundeck, sports courts and a dog park. Residents also benefit from utility savings through green initiatives that emphasize energy efficiency and sustainability, according to company representatives. Ginkgo Residential will continue to provide onsite property management service on behalf of ownership.

November 7, 2025

Acquisitions Arizona Loans Multifamily Western

CBRE Secures $45.6M in Acquisition Financing for Coral Point Apartments in Mesa, Arizona

by Amy Works November 7, 2025

MESA, ARIZ. — CBRE has arranged $45.6 million in financing on behalf of InTrust Property Group for the acquisition and renovation of Coral Point Apartments in Mesa. Shaun Moothart, Doug Birrell, Bruce Francis, Bob Ybarra, Nick Santangelo, Anna Britt and Amber Coleman of CBRE secured the three-year, floating-rate loan, which features full-term interest-only payments and two extension options. Brightspire Capital was the lender. Situated on 15.9 acres, Coral Point comprises 24 two-story buildings offering a total of 377 apartments. Community amenities include three swimming pools, two spas, a clubhouse and business center, a fitness center, outdoor barbecue areas and a play area. The sponsor’s value-add strategy includes plans to install washers and dryers in every unit, refresh exteriors and activate amenities.

November 7, 2025

Acquisitions Arizona Multifamily Seniors Housing Western

DEM Purchases 55 Resort Scottsdale Active Adult Property in Arizona for $32.7M

by Amy Works November 7, 2025

SCOTTSDALE, ARIZ. — Los Angeles-based DEM Inc. has purchased 55 Resort Scottsdale, an active adult community in Scottsdale, from Dallas-based Velocis Edison McCormick JV LP for $32.7 million. Matt Roach, Chris Roach, Brad Cooke and Cindy Cooke of the Cooke Multifamily Team at Colliers handled the transaction. Located at 9449 N. 90th St. within the McCormick Ranch master-planned community, the three-story 55 Resort Scottsdale offers 102 core active adult units averaging 671 square feet. Apartments feature quartz countertops, tiled showers with benches, full-sized washers/dryers and private patios or balconies. Community amenities include a resident lounge, community bar and fireplace within the Club House, a fitness center, wellness studio and space for group yoga, fitness and health-related programs. Additional amenities include a resort-style heated pool and spa, an outdoor firepit, outdoor lounge areas, a rooftop deck, community library, business center, clubroom, dog wash station and bike wash. The property also offers carports for residents, as well as electric vehicle charging stations. The property was completed in 2025.

November 7, 2025

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