Thursday, November 13, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Multifamily

Brazos-Oaks-Central-Texas
DevelopmentMultifamilyTexas

Teeple Partners Breaks Ground on 315-Unit Multifamily Project in Central Texas

by Taylor Williams

BRYAN AND COLLEGE STATION, TEXAS — Austin-based developer Teeple Partners has broken ground on Brazos Oaks, a 315-unit multifamily project that will be located in the Bryan/College Station area of Central Texas. Brazos Oaks represents the first of three phases of a larger development that will consist of more than 1,000 units on a 53-acre site. Units will come in one-, two- and three-bedroom floor plans and will feature stainless steel appliances, granite countertops, custom cabinetry and private yards. Amenities will include a pool, fitness center, conference room, great room lounge, mini-offices, a package locker system, two pickleball courts, a bocce ball court and two dog parks. The first units at Brazos Oaks are expected to be available for occupancy in summer 2025, and completion of the entire development is slated for summer 2026. RVK Architecture designed the project, and Interwest Construction is serving as the general contractor. San Antonio-based Mason Joseph Co. provided construction financing.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilySeniors HousingTexas

SLIB Arranges Sale of 112-Bed Seniors Housing Property in Houston

by Taylor Williams

HOUSTON — Senior Living Investment Brokerage (SLIB) has arranged the sale of Treemont Health Care Center, a 112-bed seniors housing property in Houston. Built in 1974, the 39,058-square-foot community sits on approximately 1.3 acres and offers 42 assisted living beds and 70 skilled nursing beds The buyer was a local seniors housing owner-operator, and the seller was a regional owner-operator. Vince Viverito, Matt Alley, Jason Punzel, Brad Goodsell and Jake Anderson of SLIB brokered the deal.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMidwestMultifamilyNebraska

Colliers Mortgage Provides $29.9M Loan for Refinancing of Apartment Complex in Omaha

by Kristin Harlow

OMAHA, NEB. — Colliers Mortgage has provided a $29.9 million Fannie Mae loan for the refinancing of Highline Apartments in Omaha. The 306-unit apartment complex consists of two buildings connected by a covered parking garage. Amenities include rooftop decks, basketball courts, a business center, fitness center, outdoor pool and clubhouse. Brett Olson and Jeff Witt of Colliers Mortgage originated the 10-year loan, which features interest-only payments for the full term.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsKansasMidwestMultifamilyStudent Housing

Tailwind Group Acquires 192-Unit Student Housing Property in Lawrence, Kansas

by Kristin Harlow

LAWRENCE, KAN. — Tailwind Group has acquired The Reserve on West 31st, a 192-unit student housing property located 1.5 miles from The University of Kansas in Lawrence. Built in 1999, the community features a mix of three- and four-bedroom floor plans. Amenities include a study lounge, pool, fitness center and picnic area. Ryan Lang, Jack Brett and Ben Harkrider of Newmark arranged a structured equity facility on behalf of Tailwind to finance student housing acquisitions nationwide. Tailwind leveraged the facility to complete the acquisition of The Reserve on West 31st and plans to make capital improvements to the property.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentDistrict of ColumbiaMultifamilySoutheast

Fivesquares, Aimco Open Two Residential Buildings in North Bethesda, Maryland

by John Nelson

NORTH BETHESDA, MD. — Fivesquares Development and Apartment Investment and Management Co. (Aimco) have opened two multifamily residential buildings in North Bethesda, roughly 13 miles outside downtown Washington, D.C. Dubbed Ravel and Royale, the properties are located at 10511 Strathmore Hall St., adjacent to the Strathmore Music Center, Rock Creek Park and a Washington Metropolitan Area Transit Authority (Metro) station. Ravel and Royale mark the first residential buildings to be delivered at Strathmore Square, a master-planned transit-oriented development that will total 2.2 million square feet upon completion. Ravel, named for French composer and pianist Maurice Ravel, comprises 49 units across nine stories, with two- and three-bedroom layouts. Amenities at the property include 24-hour concierge service. Royale spans 10 stories and features 171 units in one-, two- and three-bedroom layouts. Amenities at the building include workspaces, a fitness center, yoga studio, pool, rooftop deck and a pet spa. The two buildings are also connected by a central courtyard with lounge areas and a firepit. Residents will also have access to bike storage, commercial washers and dryers, high-speed elevators and an onsite property management team.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsGeorgiaMultifamilySoutheast

Peach Hill Capital, RK2 Acquire Georgetown Crossing Apartment Community in Savannah for $25.6M

by John Nelson

SAVANNAH, GA. — Peach Hill Capital and RK2 Property Group have acquired Georgetown Crossing, an apartment community located in Savannah, for $25.6 million. Built in 1994 at 1015 King George Blvd., the property features 168 units in one- and two-bedroom layouts across seven three-story buildings. Amenities at the community include a clubhouse, pool, picnic areas, barbecues and a dog park. Mark Boyce and Blake Coffey of Berkadia represented the undisclosed seller in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentDistrict of ColumbiaMultifamilySoutheast

US Representatives Propose Bipartisan Bill to Address Housing Crisis

by John Nelson

WASHINGTON, D.C. — U.S. Reps. Mike Carey (R-Ohio) and Jimmy Gomez (D-Calif.) have proposed a bill to address the housing crisis in the United States. Dubbed the Revitalizing Downtowns and Main Streets Act, the bill would include a 20 percent tax credit for expenses attendant upon converting certain underutilized or vacant commercial property older than 20 years for residential use. Additionally, the legislation includes a stipulation that 20 percent of the converted residential units be designated for residents earning at or below 80 percent of the area median income (AMI), as well as incentives for rural and economically distressed areas and the ability to combine existing historic tax credits and other state and municipality incentives. NAIOP (National Association for Industrial and Office Parks) commended the proposed legislation, with president and CEO Marc Selvitelli stating that it “will spur the conversion of vacant spaces that can stimulate local economies and begin to address the housing crisis in communities across the United States.”

Continue Reading
FacebookTwitterLinkedinEmail
Villa-Cielo-Cortaro-Tucson-AZ
ArizonaDevelopmentMultifamilyWestern

Greenlight Communities, Holualoa Cos. Open 196-Unit Villa Cielo Cortaro Multifamily Complex in Tucson, Arizona

by Amy Works

TUCSON, ARIZ. — A joint venture between Greenlight Communities and Holualoa Cos. has completed construction of Villa Cielo Cortaro, an “attainable multifamily property” in Tucson. Located at 8255 N. Shannon Road, Villa Cielo Cortaro features 196 studio, one- and two-bedroom units, with rents starting at $1,199. Community amenities include a 24-hour gym, pool, electric vehicle charging stations and a co-working lounge. Move-ins are set to begin in August.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsArizonaMultifamilyWestern

Oak Creek Hospitality Buys 62-Space Oak Creek Mobilodge Manufactured Home Property in Sedona, Arizona

by Amy Works

SEDONA, ARIZ. — Oak Creek Hospitality has acquired Oak Creek Mobilodge, a manufactured home community in Sedona, approximately 30 miles south of Flagstaff. Creekfront Holdings LLC sold the property for $5.3 million. Located at 1156 AZ-179, Oak Creek Mobilodge features 62 manufactured home spaces. Richard Butler of Marcus & Millichap represented the seller, while Lee Jeans of Coldwell Banker procured the buyer in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsCaliforniaMultifamilyWestern

Marcus & Millichap Arranges $4.3M Sale of Apartment Building in San Jose, California

by Amy Works

SAN JOSE, CALIF. — Marcus & Millichap has arranged the sale of an apartment building located at 544 S. Sixth St. in San Jose. A limited liability company sold the asset to an undisclosed buyer for $4.3 million. Situated on a 11,868-square-foot parcel, the 7,970-square-foot building features 10 two-bedroom apartments with in-unit washers and dryers. Nine of apartments have been remodeled to include new wood flooring, stainless steel appliances, updated kitchens and granite countertops. Built in 1969, the asset also features on-site parking and storage. Eymon Binesh, Adam Levin and Robert Johnston of Marcus & Millichap represented the seller in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts