Thursday, November 5, 2026
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Multifamily

AcquisitionsLoansMidwestMultifamilyNebraska

Eastham Capital, Bender Cos. Acquire 204-Unit Multifamily Community in Omaha

by Kristin Harlow

OMAHA, NEB. — Eastham Capital and Bender Cos. have acquired Village at Grant Square Apartments, a 204-unit community in Omaha. South Florida-based Eastham utilized its fund, Eastham Capital Fund VII LP. To date, Eastham and Bender have co-invested in 16 projects. Village at Grant Square is currently 93 percent occupied and features average monthly rents of $1,025. The joint venture plans to make capital improvements, including renovations to select units, enhancements to the clubhouse and common areas, and targeted roof and exterior upgrades. Originally constructed in 1974, Village at Grant Square is an eight-building community with a mix of one- and two-bedroom floor plans averaging 946 square feet. Amenities include a pool, dog park, fitness center, business center, laundry facilities and detached garage parking. Anthony Martinez, Parker Stewart, Dominic Martinez and Alex Malzone of Northmarq brokered the $17.2 million sale of the property and represented the seller, a New York-based private investment group. Brett Hood of Northmarq originated $13.8 million in Fannie Mae DUS acquisition financing. The loan features a five-year term.

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Affordable HousingDevelopmentMidwestMultifamilyWisconsin

Kraus-Anderson Completes Conversion of Wisconsin Hotel into 146 Affordable Housing Units

by Kristin Harlow

WAUWATOSA, WIS. — Kraus-Anderson has completed Waterfair Apartments in the Wauwatosa Research Park District. Designed by Continuum Architects + Planners, the 124,072-square-foot renovation and adaptive reuse project converted an eight-story, 198-room hotel and convention space (Sonesta Hotel) into 146 affordable residences. The development is near Wauwatosa Milwaukee Regional Medical Center and the Milwaukee Regional Innovation Center. Amenities at the project include a community room, fitness center, media room, coffee lounge, conference and study rooms, a large patio and dedicated commercial office space. Samapa Development was the developer. Construction began in January 2026.

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DevelopmentMixed-UseMultifamilyNorth CarolinaSoutheastTop Stories

Life Time, Dewitt Carolinas Break Ground on $200M Residential Tower in Raleigh

by John Nelson

RALEIGH, N.C. — A partnership between national health club chain Life Time (NYSE: LTH) and locally based development firm Dewitt Carolinas has broken ground on Life Time Living at The Exchange Raleigh, a luxury multifamily tower anchored by an 80,000-square-foot Life Time athletic club and a 40,000-square-foot rooftop beach club. The companies plan to invest more than $200 million into the 20-story tower, according to Triangle Business Journal. The residential project represents Phase II of The Exchange Raleigh, a $1 billion, 40-acre master-planned mixed-use development in the state capital’s Midtown neighborhood. The development team, along with construction manager Consigli Construction, is aiming for both NGBS Green and Fitwel certifications for the project, which is set to deliver in fourth-quarter 2028. “By bringing Life Time’s incredible athletic country club and luxury living model to our community, we are delivering on our promise to make Midtown Raleigh a destination unlike any other,” says Todd Saieed, CEO of Dewitt Carolinas. Life Time Living at The Exchange Raleigh will offer 289 luxury apartments ranging in size from 610 to 2,040 square feet. Units will come equipped with blackout curtains , walk-in closets, work-from-home space and stainless steel kitchen appliances. The Life Time athletic club …

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LoansMultifamilyNevadaWestern

Bascom Group Obtains $30.8M Refinancing for 200-Unit Multifamily Community in Las Vegas

by Amy Works

LAS VEGAS — The Bascom Group has obtained a $30.8 million loan for the refinancing of The Gateway Villas Apartments, a multifamily property in Las Vegas. Bascom acquired the garden-style property, which was built in 1984 and 1985, in an off-market transaction in December 2021. Brian Eisendrath, Cameron Chalfant, Jesse Zarouk and Jake Vitta of Institutional Property Advisors (IPA) Capital Markets arranged the financing, with Bridge Investment Group providing the $30.8 million loan. Apartment Management Consultants will continue providing property management services for the community. Gateway Villas features 200 one- and two-bedroom apartments with private patios or balconies. Community amenities include a fitness center, resident clubhouse, pool, barbecue area and a putting green.

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Canyon-Villas-San-Diego-CA
AcquisitionsCaliforniaMultifamilySeniors HousingWestern

Joint Venture Acquires 122-Unit Seniors Housing Community in San Diego

by Amy Works

SAN DIEGO — A joint venture between a private equity group and a local operator has acquired Canyon Villas, a 122-unit seniors housing community located in the Clairemont neighborhood of San Diego. The San Diego Christian Foundation sold the property for an undisclosed price.  Constructed in 1991, the community features independent living, assisted living and memory care residences. Amenities at the property include a courtyard, library, gazebo, activity room and transportation services. Hap Knowles, Nick Stahler and Michael Mooney of Marcus & Millichap brokered the sale on behalf of the seller. Though the sales price was not disclosed, a board member of the San Diego Christian Foundation said in a statement that the deal closed at a price that was “nearly 50 percent more than other brokers thought possible.”

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DevelopmentGeorgiaMultifamilySoutheast

ECI Group Launches Leasing at $60M Multifamily Development in Metro Savannah

by John Nelson

RICHMOND HILL, GA. — ECI Group has launched leasing at The Averly Richmond Hill, a $60 million multifamily development located along Ford Avenue in Richmond Hill, a southwest suburb of Savannah. Situated within one mile of I-95, the property will feature 243 one-, two- and three-bedroom apartments and 48 three-bedroom townhomes, as well as two pad-ready retail sites that are being marketed by Ashley Smith and Tyler Mouchet of Colliers | Savannah. Amenities will include an 8,400-square-foot clubhouse, package room, private offices, coffee bar, resort-style pool, golf simulator, dog park, pet spa, courtyards and rentable storage units. ECI Group plans to open its clubhouse on Nov. 17, giving prospective residents a chance to meet with the leasing team.

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AcquisitionsMultifamilyNew JerseyNortheast

Kislak Negotiates $33.7M Sale of Apartment Complex in Tom’s River, New Jersey

by Taylor Williams

TOM’S RIVER, N.J. — New Jersey-based brokerage firm The Kislak Co. Inc. has negotiated the $33.7 million sale of Hope’s Crossing, a 125-unit apartment complex in Tom’s River, located near the Jersey Shore. Built on 12.6 acres in 1994, Hope’s Crossing consists of 14 buildings that primarily house two- and three-bedroom units. Barry Waisbrod of Kislak represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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LoansMultifamilyNew JerseyNortheast

Dwight Capital Provides $23.5M HUD-Insured Refinancing for Northern New Jersey Apartment Complex

by Taylor Williams

PASSAIC, N.J. — New York City-based Dwight Capital has provided a $23.5 million HUD-insured loan for the refinancing of Station at Passaic Phase II, a 104-unit apartment complex in Northern New Jersey. The property consists of two five-story buildings that house eight one-bedroom and 96 two-bedroom units. Jonathan Pomper and Noah Greenwald of Dwight originated the financing through HUD’s 223(f) program on behalf of the borrower, an entity doing business as South Street Properties Urban Renewal LLC.

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AcquisitionsMidwestMissouriMultifamily

Northmarq Brokers Sale of 64-Unit, Historic Multifamily Property in Kansas City

by Kristin Harlow

KANSAS CITY, MO. — Northmarq has brokered the sale of The Robert Browning Apartments, a 64-unit property in Kansas City. Built in 1929 by Nelle E. Peters, one of the country’s first female architects and a prolific Kansas City designer, the building is part of the Poet’s District that Peters created on the west side of the Country Club Plaza. The community rises seven stories and totals 36,248 square feet. David Belpedio, Jeff Lamott and Casey Wilhm of Northmarq represented the seller, Bellada LLC. The buyer was Bird Enterprises LLC. The Plaza is undergoing a $1.5 billion transformation.

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DevelopmentLoansMultifamilyNorth CarolinaSoutheast

CBRE Arranges $81M Construction Loan for Multifamily Development in Charlotte

by John Nelson

CHARLOTTE, N.C. — CBRE has arranged an $81 million construction loan for Sutherland at Piper Glen, a 299-unit apartment development located at 9621 Elm Lane in Charlotte’s Piper Glen neighborhood. Nate Sittema, Kristen Reilley and Elliott Voreis of CBRE’s Debt & Structured Finance team arranged the financing through Western-Southern Life Insurance Co. on behalf of the borrower, a consortium of investors led by the developer, RK Investors. The community will feature four five-story apartment buildings atop structured parking. Planned amenities include a fitness center, bike storage, coworking spaces, golf simulator, game room, swimming pool, fire pit, grilling areas, pet wash station and a coffee bar. The development team plans to launch leasing for Sutherland at Piper Glen next fall, with first units scheduled for delivery in March 2028. The property will be the multifamily component of Greenway at Piper Glen, a master-planned development by RK Investors.

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