Friday, May 15, 2026
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Multifamily

AcquisitionsGeorgiaSoutheastStudent Housing

Campus Apartments Acquires 546-Bed Student Housing Community Near Georgia Southern University

by John Nelson

STATESBORO, GA. — Campus Apartments has acquired Monarch 301, a 546-bed student housing community located near the Georgia Southern University campus. Located along Main Street in Statesboro, the garden-style property offers 180 units in a mix of one-, two- and four-bedroom configurations. Shared amenities include a 24-hour fitness center, resort-style pool, study spaces and resident lounges. The seller and terms of the transaction were not released. The new ownership plans to upgrade the property’s high-speed internet imminently through a partnership with Campus Technologies Inc.

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DevelopmentFloridaLoansMultifamilySoutheast

Berkadia Arranges $37M Construction Loan for Apartment Development in Palm Bay, Florida

by John Nelson

PALM BAY, FLA. — Berkadia has secured a $37 million construction bridge loan to finance Astor Pointe, a 171-unit, garden-style multifamily community underway at 3400 Wedgewood Drive NE in Palm Bay. Scott Wadler, Patrick Johnson, Mitch Sinberg, Matt Robbins and Brad Williamson of Berkadia arranged the 24-month loan through RMWC on behalf of the borrower, Miami-based Midtown Capital Partners. The developer will use proceeds of the floating-rate loan to retire the existing construction debt and fund remaining completion costs as Astor Pointe delivers and stabilizes. The waterfront property will feature a mix of one-, two- and three-bedroom residences averaging approximately 870 square feet in size. Amenities will include a resort-style pool, clubhouse, fitness center, outdoor entertainment areas, dog park and spa, game room and a coffee bar.

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Law-School-Village-UT-Austin
DevelopmentMultifamilyStudent HousingTexas

Greystar, University of Texas at Austin Break Ground on 340-Bed Student Housing Project

by Taylor Williams

AUSTIN, TEXAS — A public-private partnership between South Carolina-based Greystar and the University of Texas at Austin has broken ground on Law School Village, a 340-bed student housing project for enrollees at the university’s law school. The 14-story building will offer 280 units in studio, one- and two-bedroom configurations. Shared amenities are set to include a library-style sky lounge, café, fitness and yoga area, courtyard, two rooftop decks and retail space. Lemmo Architecture & Design and Meeks + Partners designed the project, which is expected to be complete in advance of the 2028-2029 academic year.

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Cornerstone-Yorkshire-Lynbrook-New-York
AcquisitionsMultifamilyNew YorkNortheast

Cushman & Wakefield Brokers $36M Sale of Apartment Building in Lynbrook, New York

by Taylor Williams

LYNBROOK, N.Y. — Cushman & Wakefield has brokered the $36 million sale of Cornerstone Yorkshire, an 80-unit apartment building in Lynbrook, located on Long Island. The property offers studio, one- and two-bedroom units and amenities such as a fitness center, resident lounge and a landscaped courtyard. Niko Nicolaou, Ryan Dowd, David Bernhuat, Daniel Abbondandolo, Joegy Raju, Peter Welch, J.P. Hohl and Alexandria Ebers of Cushman & Wakefield represented the seller, The Birch Group, in the transaction and procured the undisclosed buyer.

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AcquisitionsConnecticutMultifamilyNortheastUncategorized

IPA Negotiates Sale of 42-Unit Pomeroy Place Apartments in Meriden, Connecticut

by Taylor Williams

MERIDEN, CONN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Pomeroy Place Apartments, a 42-unit apartment complex in Meriden, located roughly midway between Hartford and New Haven. Built in 2025, Pomeroy Place features studio, one- and two-bedroom units as well as a fitness center. Wes Klockner, Ross Friedel and Victor Nolletti of IPA represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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Alexan-Evans-Station-Denver-CO
ColoradoLoansMultifamilyWestern

PCCP Provides $78M Refinancing for Multifamily Property in Denver

by Amy Works

DENVER — PCCP has provided a $78 million loan to Trammell Crow Residential for the refinancing of Alexan Evans Station in Denver. The 367-unit property, located at 2121 S. Broadway, was built in 2023 and is LEED Gold-certified. The community offers a mix of studio, one-, two- and three-bedroom units and 7,334 square feet of ground-floor retail space leased to F45, SweatHouz and Pacific Dental Services. Amenities include a pool and hot tub with cabanas, a fitness center, coworking spaces and a conference center, electric vehicle charging and an onsite convenience market.

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Parc5-Apts-Downey-CA
AcquisitionsCaliforniaMultifamilyWestern

B.A.G. Investments Buys 104-Unit Apartment Community in Downey, California

by Amy Works

DOWNEY, CALIF. — B.A.G. Investments has acquired Parc @ 5, a 104-unit garden-style multifamily asset located in Downey, approximately 13 miles from downtown Los Angeles. Parc @ 5 Downey LLC sold the asset for an undisclosed price. Parc @ 5 features 20 one-bedroom units, 64 two-bedroom units and 20 three-bedroom units. Shane Shafer of Colliers represented the seller in the transaction.

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DevelopmentIllinoisMidwestMultifamily

Missner Group, Base 3 Break Ground on Industrial-to-Multifamily Conversion Project in Chicago

by Kristin Harlow

CHICAGO — The Missner Group and Base 3 have begun construction on Oxxford Lofts, a redevelopment project in Chicago’s West Loop that will transform a former industrial building into a 112-unit multifamily community. The building at 1220 W. Van Buren St. is named for its previous owner, Chicago clothing company Oxxford Clothes. The roughly $42 million project will reposition the property into a modern residential offering while preserving the character of the existing structure. Plans call for a full gut renovation, all new building systems, upgraded sustainability features and a variety of unit layouts. Amenities will include a rooftop deck, fitness center, coworking space and bike storage. Twenty percent of the units will be designated as affordable housing. The Missner Group is serving as general contractor and is also a financial partner through its joint venture with Base 3. Leasing is expected to begin in spring 2027 through Base 3 Development.

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AcquisitionsLoansMichiganMidwestMultifamily

MMCC Arranges $3.3M Acquisition Loan for Michigan Multifamily Property

by Kristin Harlow

MOUNT CLEMENS, MICH. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $3.3 million loan for the acquisition of Hubbard Oaks, a 60-unit multifamily property in Mount Clemens, about 25 miles north of Detroit. Luke Lamoreaux of MMCC secured the five-year, fixed-rate loan through a local bank on behalf of the private client. The property features a mix of one- and two-bedroom units.

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AcquisitionsMarylandSeniors HousingSoutheastVirginia

Chiron Enters Seniors Housing Sector with $425M Purchase Agreement for Three Metro D.C. Properties

by John Nelson

ALEXANDRIA, VA. AND NORTH BETHESDA, MD. — Chiron Real Estate has entered into purchase agreements to acquire three senior living communities in the metropolitan Washington, D.C., area. Chiron is acquiring the properties from affiliates of Silverstone Senior Living for an aggregate price of $425 million. The acquisitions mark the REIT’s first entry into the seniors housing sector. Chiron entered into purchase agreements to acquire The Landing Alexandria and The Riviera at Alexandria on May 1 for a total price of $249 million. On May 6, the company entered into a purchase agreement to acquire Pinnacle North Bethesda for roughly $176 million. The Landing Alexandria opened in April 2022 and totals 163 independent living, assisted living and memory care units. As of April 2026, the community was 90 percent occupied. The Riviera Alexandria opened in March of this year. Totaling 129 luxury independent living apartments across 183,000 square feet, the property was roughly 20 percent leased as of April. Pinnacle North Bethesda is currently under development and is scheduled to open in October 2026. Upon completion, the 175-unit community will feature 88 independent living units, 59 assisted living units and 28 memory care units. The property was approximately 30 percent preleased …

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