Multifamily

Harrison Street Provides Loan for Refinancing of 547-Bed Student Housing Community Near Boise State University

by Amy Works July 20, 2026

BOISE, IDAHO — Harrison Street Asset Management has provided a loan for the refinancing of a 547-bed student housing community located near the Boise State University campus in Idaho. The borrower was a joint venture between Appian Capital and Subtext. Further details on the financing were not released. Delivered in 2023, VERVE Boise offers units in studio, two-, three-, four- and five-bedroom configurations with bed-to-bath parity. Shared amenities include a resort-style pool, 24-hour fitness center, indoor resident lounge and outdoor gathering spaces. The community was 98 percent leased at the time of financing.

July 20, 2026

Acquisitions Multifamily Oregon Western

MG Properties Acquires 188-Unit Apartment Complex in Portland

by Amy Works July 20, 2026

PORTLAND, ORE. — MG Properties has purchased Tupelo Alley, a 188-unit mixed-use apartment community in Portland. Terms of the transaction were not released. Ira Virden, Carrie Kahn and Owen Wise of JLL represented the undisclosed seller in the deal. The property offers studio, one- and two-bedroom units. Charles Halladay, Rick Salinas, Annie Rice, Brandon Smith and Charlie Watson of JLL Capital Markets originated an undisclosed amount of Freddie Mac acquisition financing for the deal.

July 20, 2026

Acquisitions Colorado Multifamily Western

Marcus & Millichap Arranges Sale of 93-Unit Apartment Building in Denver

by Amy Works July 20, 2026

DENVER — Marcus & Millichap has arranged the sale of The Jewell, a 93-unit apartment building located at 4470 E. Jewell Ave. in Denver’s Virginia Village neighborhood. The seller was a New York-based investor, and the buyer was a California-based investor. The property, which was built in 1968 and recently renovated, was 55 percent occupied at the time of the sale. Jason Hornik and Greg Parker of Marcus & Millichap’s Denver office brokered the sale.

July 20, 2026

Development Multifamily Texas

Partnership to Develop 265-Unit Multifamily Project in Uptown Dallas

by Taylor Williams July 17, 2026

DALLAS — A partnership between Endeavor Real Estate Group and Canyon Partners Real Estate will develop Lucille, a 265-unit multifamily project that will be located at 2700 McKinney Ave. in Uptown Dallas. The 22-story building will feature below-grade parking and 10,000 square feet of retail space. Amenities will include a rooftop lounge with a pool, cabanas, a private dining room, outdoor grilling and dining stations, coworking space, a business center, fitness center and an indoor dog grooming spa. HKS designed the project, and Roger-O’Brien is serving as the general contractor. German bank Helaba is financing construction, which is expected to begin in the coming weeks and be complete in late 2028.

July 17, 2026

Acquisitions Multifamily Texas

Eastham Capital Sells 200-Unit Apartment Complex in Humble, Texas

by Taylor Williams July 17, 2026

HUMBLE, TEXAS — Florida-based real estate private equity firm Eastham Capital has sold Eagle Crest, a 200-unit apartment complex located in the northern Houston suburb of Humble. The garden-style property offers one- and two-bedroom units that range in size from 656 to 1,054 square feet. Amenities include a pool, fitness center and a clubhouse. Eastham acquired the property in 2017 in a joint venture with Mosaic Residential and implemented capital improvements. The buyer and sales price were not disclosed.

July 17, 2026

Development Multifamily Northeast Pennsylvania

Partnership Underway on 274-Unit Multifamily Project in Horsham, Pennsylvania

by Taylor Williams July 17, 2026

HORSHAM, PA. — A partnership between Pennsylvania-based Korman Communities, New York City-based RXR, Japanese asset manager Chuo Nittochi, Goodman Properties and CBG Building Co. is underway on construction of a 274-unit multifamily project in Horsham, a northern suburb of Philadelphia. Known as AVE Horsham, the property will offer studio, one- and two-bedroom units and amenities such as a pool, outdoor grilling and dining stations, coworking space, meeting rooms, game room and a golf simulator. Completion is slated for early 2028.

July 17, 2026

Development Midwest Multifamily Wisconsin

Nicholas & Associates to Build 263-Unit Luxury Apartment Community in Madison, Wisconsin

by Kristin Harlow July 17, 2026

MADISON, WIS. — Moyer Properties has selected Nicholas & Associates, the construction management and general contracting arm of the Nicholas Family of Cos., to build Aster Flats, a 263-unit luxury apartment community in Madison. The three-building property will be situated on 4.9 acres. Nicholas & Associates will break ground Aug. 18, with construction taking place in phases. Completion is slated for February 2028. Designed by HKM Architects + Planners Inc., Aster Flats will offer studio, one-, two- and three-bedroom units ranging in size from 588 to 1,395 square feet. Amenities will include a clubhouse with a community lounge, entertainment kitchen and fitness and yoga center, a luxury pet spa, indoor bike room and an outdoor heated pool with a grilling terrace and courtyard area. Each of the three buildings will have one or two levels of heated indoor parking.

July 17, 2026

Development Multifamily New York Northeast

Joint Venture to Develop 149-Unit Apartment Building in Manhattan’s SoHo District

by Taylor Williams July 17, 2026

NEW YORK CITY — A joint venture between Global Holdings and MAG Partners will develop a 149-unit apartment building in Manhattan’s SoHo district. The new building at 122 Varick St. will include 5,000 square feet of ground-floor retail space, and 25 percent of the units will be designated as permanently affordable under New York City’s 485-x program. The joint venture is developing the building via a ground lease with Trinity Church, which was represented by Kevin Donner of Cushman & Wakefield in the negotiations. A construction timeline was not announced.

July 17, 2026

District of Columbia Loans Multifamily Southeast

Cushman & Wakefield Arranges $56.6M Refinancing of Luxury Multifamily Community in D.C.

by Abby Cox July 17, 2026

WASHINGTON, D.C. — Cushman & Wakefield has arranged a $56.6 million loan to refinance The Ellington, a 190-unit luxury multifamily property located at 1301 U St. in Washington, D.C. John Alascio, Alex Hernandez, Marshall Scallan, Meredith Crawford and Will Wohlgemuth of Cushman & Wakefield secured the financing through New York Life Investors on behalf of the borrower, an affiliate of Atlanta-based Jamestown LP. Spanning nine stories tall, The Ellington comprises a mix of one- and two-bedroom apartments. Amenities include a fitness center, yoga studio, recreation room, coworking lounge, rooftop dog park, pet wash station, landscaped rooftop terrace and bike storage, along with 192 parking spaces. The site also includes more than 16,000 square feet of retail space, which is currently 93 percent leased to tenants including Street Markets, Roaming Rooster, 354 Restaurant and Eatopia Eatery. Since acquiring the property in 2018, Jamestown has invested more than $10.7 million in capital improvements, including upgrades to unit interiors, common areas and building systems.

July 17, 2026

Clarion-Collection-Arlington-Court-Suites

Development Hospitality Loans Multifamily Southeast Virginia

NewPoint Provides $34.6M Loan for Hotel-to-Multifamily Conversion Project in Arlington, Virginia

by Abby Cox July 17, 2026

ARLINGTON, VA. — NewPoint has provided a $34.6 million bridge loan for the acquisition and planned multifamily conversion of the Clarion Collection Arlington Court Suites, a 187-room, extended-stay hotel located in Arlington’s Rosslyn-Ballston corridor. Jacob Gabriel of NewPoint originated the financing on behalf of the borrower, Goodhomes Communities LLC. The bridge loan, which was used to finance the purchase of the hospitality property, includes future funding for capital improvements and is structured to support the borrower’s business plan to convert the asset into a multifamily community. Upon completion of the conversion, the property will offer a mix of studio, one-, two- and three-bedroom apartments. Goodhomes Communities LLC will announce the property’s new name at a later date. Clarion Collection Hotel Arlington Court Suites first opened as an apartment building in 1963.

July 17, 2026

Newer Posts

Older Posts