Thursday, July 16, 2026
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Multifamily

MultifamilyTexas

HFF SECURES $11.85M FINANCING FOR WELLINGTON AT WILLOW BEND

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PLANO, TEXAS — HFF has arranged an $11.85 million financing for the 194-unit Wellington at Willow Bend, a garden-style multifamily community located in Plano. The apartment complex is located at 3200 Parkwood Blvd. and is 96.4 percent occupied. The complex features a clubhouse, fitness center, swimming pools and a playground. Matthew Schoenfeldt, Adam Herrin and Jason Bond of HFF arranged the 10-year, 3.9 percent fixed-rate loan through M&T Realty Capital Corp. on behalf of the borrower, an affiliate of Banner Apartments LLC. Proceeds from the loan were used to acquire the property.

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MultifamilyWestern

LEGACY VILLAGE AT GILBERT TOWNE CENTER SELLS FOR $15.6M

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GILBERT, ARIZ. – The 147-unit Legacy Village at Gilbert Towne Center has sold to a San Diego-based private investor for $15.6 million. The community is located at 351 East Civic Center Drive in Gilbert. The buyer was represented by Dixie Hall of CB Richard Ellis’ San Diego office. The seller, Legacy Partners Residential, was represented by Steve Gebing and Cliff David of Marcus & Millichap’s Phoenix office.

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MultifamilySoutheast

CBRE ARRANGES $28M ACQUISITION LOAN FOR ORLANDO APT. COMMUNITY

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ORLANDO — CBRE has arranged a $28 million acquisition loan for Broadwater Apartments, a 408-unit multifamily property located at 6677 Tanglewood Bay Drive in Orlando. Charles Foschini, Christian Lee and Christopher Apone of CBRE arranged the 10-year loan through Freddie Mac on behalf of the borrower, Advenir@Broadwater LLC. Apartment units at the property average 817 square feet, and the community consists of 22 two-story buildings. Community amenities include two pools with spa, a fitness center, clubhouse and an indoor racquetball court.

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MidwestMultifamily

CAPITAL INVESTMENT GROUP BREAKS GROUND ON $13M LOFTS IN CINCINNATI AREA

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UNION TOWNSHIP, OHIO — Capital Investment Group Inc. has broken ground on the $13 million Lofts at Ivy Pointe, a 133-unit multifamily community in Union Township, located about 20 miles east of Cincinnati. The four-story building will include one- and two-bedroom apartments. Amenities include a pool, clubroom and fitness center. Thompson Thrift Construction is serving as the project’s general contractor.

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MidwestMultifamily

BLACKHAWK ACQUIRES TWO MULTIFAMILY BUILDINGS IN CHICAGO FOR $5.7M

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CHICAGO — The Blackhawk Investment Group LLC has acquired 2147 and 2151 W. Evergreen Ave. in Chicago for $5.7 million. Blackhawk purchased the properties from Chicago-based MCZ Development. The properties include 16 units with granite countertops, stainless steel appliances, Kohler fixtures and garage parking for all units. Blackhawk financed the acquisition with a long-term, fixed-rate Fannie Mae loan originated by Walker & Dunlop. The property was fully leased at the time of sale.

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NortheastSeniors Housing

HARRISON STREET ACQUIRES SENIORS HOUSING PORTFOLIO IN NY FOR $380M

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LONG ISLAND, N.Y. — Harrison Street Real Estate Capital has purchased seven Class A seniors housing properties, located in Nassau and Suffolk counties, for $380 million. The seven assets total 1,047 beds, 80 percent of which are designated for assisted living and the rest for patients with memory care needs. Across the portfolio, residents pay an average of $4,200 per month to rent assisted living units and $5,500 for memory care units. The firm also formed a joint venture with the Engel Burman Group, which developed the assets. Engel Burman made an equity investment in the joint venture and will continue to manage the properties.

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MultifamilyNortheast

NORTHMARQ CAPITAL ARRANGES $5.7M MORTGAGE FOR FRANKLIN APARTMENTS

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SYRACUSE, N.Y. — NorthMarq Capital has arranged the $5.7 million mortgage refinancing of One Franklin Square Apartments, a 141-unit, market-rate multifamily property located at 460 North Franklin Street in Syracuse. Financing was based on a 10-year term with two years of interest-only payments, then a 30-year amortization schedule. The borrower was 460 North Franklin Street Associates LLC. Robert Ranieri, senior vice president and managing director of NorthMarq, arranged the loan through the company’s seller-servicer relationship with Freddie Mac.

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Seniors HousingTexas

JOINT VENTURE TO OPEN NEW SENIORS HOUSING PROJECTS IN SAN ANTONIO WORTH $60

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SAN ANTONIO — South Bay Partners and joint venture partner Integrated Real Estate Group, both based in Dallas, will break ground on two seniors housing projects in San Antonio worth $60 million. The projects include Watercrest at Alamo Ranch, a 192-apartment, 26-villa independent living community, and Isle at Watercrest at Alamo Ranch, a 105-unit, 122-bed assisted living facility. The joint venture plans to break ground on the projects in the spring. The joint venture's investment partner for the projects is Chicago-based Walton Street Capital.

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