Multifamily

Concord Summit Capital Arranges $115.5M Construction Loan for Multifamily Development in Fort Collins, Colorado

by Amy Works July 13, 2026

FORT COLLINS, COLO. — Concord Summit Capital has arranged a $115.5 million construction loan for Collins at Union Park, an apartment community in northern Colorado. Daniel Eidson, Keegan Burger and Ben Applebaum of Concord Summit Capital secured the nonrecourse loan, which features an 88 percent loan-to-cost ratio, on behalf of the borrower, Livmark Communities. Sitework is currently underway on the project, with vertical construction slated to start in the coming days. Collins at Union Park will feature 457 apartments and carriage homes, as well as a clubhouse, pool, golf simulator, playground, parks, trails and gathering spaces.

July 13, 2026

California Development Multifamily Western

SummerHill Breaks Ground on 251-Unit Multifamily Property in San Carlos, California

by Amy Works July 13, 2026

SAN CARLOS, CALIF. — SummerHill Apartment Communities has broken ground on 11 El Camino Real, a 251-unit multifamily community situated on 2.2 acres in San Carlos, located about 23 miles south of San Francisco. Completion is slated for 2028. SummerHill is a subsidiary of Marcus & Millichap and is based in Palo Alto, Calif. Designed by KTGY, the project will feature studio through three-bedroom floor plans, and 38 affordable units will be reserved for a variety of income levels. Community amenities will include a pool, hot tub, landscaped courtyards, clubroom, fitness center, leasing office, resident lounge, bike room and mail room. The community is within about 1 mile of two Caltrain stations with commuter service throughout the Bay Area.

July 13, 2026

Development Georgia Multifamily Southeast

Hanover Acquires Land Near Gas South Arena in Metro Atlanta, Plans 305-Unit Apartment Development

by Abby Cox July 13, 2026

DULUTH, GA. — Hanover Co. has acquired nearly eight acres in Duluth, a northeast suburb of Atlanta in Gwinnett County, for the development of Hanover Sugarloaf, a 305-unit multifamily community. The purchase price was $12.4 million. John Speros and JT Speros of Ackerman & Co., along with Kyle Gable of Gable Land Co. and David Branch of SSG Realty Partners, represented the seller, an entity doing business as SP Sugarloaf LLC, in the transaction. The property will be situated near the 118-acre Gas South District, which is anchored by Gas South Arena and the Gas South Convention Center, and adjacent to Sugarloaf Parkway Shopping Center. Hanover Co. plans to demolish the 56,000-square-foot vacant office building at the property to make room for multiple four- and five-story apartment buildings, which will also include parking. Further details of the project were not disclosed.

July 13, 2026

Affordable Housing Development Kansas Midwest Multifamily

Merchants Capital Arranges $10.8M in Financing for Affordable Housing Development in Kansas

by Kristin Harlow July 13, 2026

LAWRENCE, KAN. — Merchants Capital has arranged $10.8 million in permanent financing for Floret Hill, a 121-unit affordable housing development in Lawrence. Merchants Capital secured a Freddie Mac Unfunded Forward TEL loan for the project. The capital stack also includes federal and state low-income housing tax credit equity and hard and soft debt financing. The City of Lawrence donated 12 acres of land and committed more than $1 million in Affordable Housing Trust Funds to support the development. Floret Hill is the fourth project that Wheatland Investments Group is building in Lawrence and the first affordable housing community on the west side of the city, according to Merchants. Floret Hill will offer one-, two- and three-bedroom apartments across 11 buildings, with 37 units restricted to residents earning up to 40 percent of the area median income (AMI) and 84 units restricted to 60 percent AMI. Affordability will be maintained for 30 years via The Declaration of Land Use Restrictive Covenants for Low-Income Housing Tax Credits, a federal regulatory program with the Kansas Housing Resources Corp. Amenities will include garage parking, a business center, fitness room, clubhouse and playground.

July 13, 2026

Acquisitions Development Illinois Midwest Multifamily

CBRE Brokers $6.3M Sale of Multifamily Redevelopment Site in Chicago’s Wrigleyville

by Kristin Harlow July 13, 2026

CHICAGO — CBRE has brokered the $6.3 million sale of a 28,150-square-foot redevelopment site in Chicago’s Wrigleyville submarket. A joint venture between SNS Realty Group and North Park Ventures acquired the property at 3233-47 N. Sheffield Ave. and subsequently secured a zoning change to B2-5, clearing the way for a five-story apartment building with 99 units. CBRE’s Tom Svoboda and John Jaeger represented the seller. The site was previously home to Torstenson Glass Co., a family-owned manufacturer that operated at the facility for 116 years before selling its business and retaining ownership of the real estate.

July 13, 2026

Development Multifamily Texas

Raven Capital Completes 33-Story Multifamily High-Rise in Houston’s Museum District

by Taylor Williams July 10, 2026

HOUSTON — Developer Raven Capital has completed FORME, a 33-story multifamily high-rise located at 5501 La Branch St. in Houston’s Museum District. Designed by LJC Design & Engineering and operated by Sentral, FORME features 475 units, including 55 boutique hotel suites. Residences range from 500-square-foot studios to 1,400-square-foot three-bedroom apartments, all of which are equipped with walk-in closets and smart-home technology. The property also features a pool and hot tub, 20,000 square feet of fitness and recovery areas and 20,000 square feet of coworking space with reservable offices and quiet zones. The 12th floor is occupied by The Branch on La Branch, a cocktail lounge and raw bar. Rents start at $1,750 per month for a studio apartment.

July 10, 2026

Affordable Housing Development Multifamily New York Northeast

Partnership Receives $217M in Construction Financing for Brooklyn Affordable Housing Project

by Taylor Williams July 10, 2026

NEW YORK CITY — A partnership between Apex Building Group and L+M Development Partners has received $217 million in construction financing for a new affordable housing project in Brooklyn. The project represents Phase III of a larger, 27-acre project known as Alafia, which is a redevelopment of the former site of the Brooklyn Developmental Center. Phase III will comprise 273 units that will be reserved for households earning 70 percent or less of the area median income. Phase III will also involve construction of a one-acre public park with a fitness loop, children’s play area and residential courtyards. Redstone Bank provided a construction loan as part of the financing package, which also includes federal and state tax credit equity, among other subsidies. Phase III construction is expected to be complete in 2029.

July 10, 2026

Development Florida Loans Multifamily Southeast

JLL Arranges $111M Construction Loan for Multifamily Development in Miami’s Edgewater District

by Abby Cox July 10, 2026

MIAMI — JLL Capital Markets has arranged a $111 million construction loan for the development of Sense22, a 328-unit multifamily project located in Miami’s Edgewater neighborhood. Max La Cava and Pier Barinci of JLL secured the three-year loan through S3 Capital on behalf of the borrower, HA Emprendimientos, a real estate development and construction company based in Buenos Aires, Argentina. JLL also previously secured the land and predevelopment loan for the property in 2025. The project is slated for completion in 2028. Sense22 will comprise 36 stories and will offer a mix of studios, one- and two-bedroom apartments. Amenities will include a resort-style swimming pool deck, a furnished rooftop terrace with outdoor grilling areas, spa, a fitness center and coworking spaces, along with 372 parking spaces.

July 10, 2026

Florida Loans Multifamily Southeast

Berkadia Secures $85.4M Refinancing of Two Metro Orlando Multifamily Communities

by Abby Cox July 10, 2026

ORLANDO AND DAVENPORT, FLA. — Berkadia has secured a combined $85.4 million for the refinancing of two Orlando-area multifamily communities. Matt Robbins, Mitch Sinberg, Brad Williamson, Scott Wadler and Hugo Hernandez of Berkadia arranged the financing through Walton Street Capital on behalf of the borrower, Boston-based Taurus Investment Holdings. The first property, known as The Summit at MetroWest, is located at 6500 Metrowest Blvd., and features 280 multifamily apartments with a mix of one-, two- and three-bedroom floorplans. Amenities include a swimming pool, game room, sun deck, golf course, a grilling and picnic area and a dog park, according to Apartments.com. The second property, named The Legends at ChampionsGate, is situated at 8101 Champions Circle in Davenport and comprises 252 apartments in one- to four-bedroom configurations. Amenities include a clubhouse, business center, swimming pool, fitness center, playground, sun deck, cabana and grills.

July 10, 2026

Acquisitions Kentucky Loans Multifamily Southeast

Four Mile, Midloch Acquire Apartment Community in Louisville for $38.3M

by Abby Cox July 10, 2026

LOUISVILLE, KY. — A joint venture between Four Mile Capital and Midloch Investment Partners has acquired Frontgate Apartments, a 212-unit complex located in Louisville, for $38.3 million. Four Mile assumed an existing fixed-rate HUD loan on the property valued at approximately $27 million. The seller was not disclosed. Built in 2020, Frontgate Apartments offers a mix of one-, two- and three-bedroom floorplans, with an average size of 1,125 square feet. Amenities include a clubhouse, resort-style swimming pool, 24-hour fitness center and a dedicated dog park and dog spa. Four Mile plans to improve the property by installing washers and dryers in every unit and offering community-wide internet service, as well as improving leasing and overall operations. Four Mile will manage Frontgate through its affiliate Kalos Residential, which also manages the firm’s neighboring community, Avalon Springs.

July 10, 2026

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