Multifamily

Twin-Sixties-Drive-Worcola-Street-Dallas

High Street Residential Breaks Ground on 394-Unit Multifamily Project in Dallas

by Taylor Williams January 20, 2026

DALLAS — High Street Residential, a subsidiary of Trammell Crow Co., has broken ground on a 394-unit multifamily project in the Highland Park area of Dallas. The project, which has yet to be formally named, is part of a multi-phase conversion of approximately 16 acres of surface parking owned by Dallas Area Rapid Transit (DART). The seven-story building will feature studio, one- and two-bedroom units. Amenities will include a pool, fire pits and grilling stations, a clubroom, fitness center, coworking spaces, dog park and access to the University Crossing hike-and-bike trail system. GFF is the project architect, and Andres Construction is the general contractor. Santander Bank is financing construction, which is slated for a late-2027 completion.

January 20, 2026

Alabama Loans Multifamily North Carolina Southeast

Dwight Mortgage Trust Provides $88.4M in Loans for Three Southeast Multifamily Assets

by John Nelson January 20, 2026

TUSCALOOSA, ALA. AND FAYETTEVILLE, N.C. — Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, has closed two loans totaling $88.4 million for the refinancing of three apartment communities in the Southeast. The properties include Mosaic Apartments, a 456-unit community in Tuscaloosa, and two complexes in Fayetteville totaling 312 units: Britt Lake and Woodland Village. Moshe Feiner of Sevenstone Capital worked along with Andrew Tichy of Dwight Mortgage Trust to arrange the five-year, fixed-rate loans on behalf of the borrowers, private high-net-worth investors that used the loan proceeds to refinance existing debt, cover transaction costs and fund interest reserves.

January 20, 2026

Acquisitions North Carolina Southeast Student Housing

JLL Arranges Sale of 376-Bed Student Housing Community Near North Carolina State University

by John Nelson January 20, 2026

RALEIGH, N.C. — JLL has arranged the sale of Live on Hillsborough, a 376-bed student housing community located near the North Carolina State University (NC State) campus in Raleigh. Teddy Leatherman, Scott Clifton, Kevin Kazlow and Alex Nordlinger of JLL represented the sellers, TPG Angelo Gordon and Horizon Realty Advisors, in the disposition. The buyer and terms of the transaction were not released. Built between 2013 and 2019, the community offers 203 fully furnished units in studio, one-, two- and three-bedroom configurations. Shared amenities include a 24-hour fitness center, coffee bar, resort-style pool, outdoor lounge spaces and barbecue grills.

January 20, 2026

Development Multifamily New Jersey Northeast Student Housing

Hawkins Way Capital Underway on Student Housing Renovation, Expansion Project in Newark

by Taylor Williams January 20, 2026

NEWARK, N.J. — Hawkins Way Capital, a California-based private equity firm, is underway on a student housing renovation and expansion project in Newark. The project involves transforming University Centre, a 521-bed complex that serves students at Rutgers University-Newark, the New Jersey Institute of Technology and Seton Hall University, to be able to accommodate 800 occupants as opposed to the current capacity of 690 students. Construction, inclusive of upgrades to 96 apartments and various common spaces, began last year on University Centre’s 13-story tower and five-story housing block while the complex was partially occupied. Work on remaining units is expected to be complete this summer. BDB Construction Enterprise is the construction manager and general contractor for the project.

January 20, 2026

Development Multifamily New Jersey Northeast

Triangle, Incline Begin Leasing 400-Unit Multifamily Project in East Orange, New Jersey

by Taylor Williams January 20, 2026

EAST ORANGE, N.J. — A partnership between two regional investment and development firms, Triangle Equities and Incline Capital, has begun leasing a 400-unit multifamily project in East Orange, about 20 miles west of New York City. Known as Embark at The Crossing, the project represents Phase I of a larger, 1,000-unit development called The Crossings at Brick Church Station. Units come in studio, one-, two- and three-bedroom floor plans. Amenities include two landscaped courtyards with fire pits, outdoor screening areas and grilling stations, as well as a fitness center, coworking lounge, resident clubroom, private theater, children’s playroom and a pet spa. Rents start at just under $2,000 per month for a studio apartment.

January 20, 2026

Affordable Housing Development Indiana Michigan Midwest Multifamily Wisconsin

Cinnaire Closes $134M LIHTC Fund for 12 Affordable Housing Projects Across Five States

by Kristin Harlow January 20, 2026

LANSING, MICH. — Cinnaire has closed a $134 million low-income housing tax credit (LIHTC) fund, Cinnaire Fund for Housing 44. The fund will finance 12 affordable housing developments across five states, creating or preserving 950 homes for families, seniors and individuals with special needs. Fund 44 will support developments such as Chamberlain House in Rochester, Ind., East Bay Flats in Traverse City, Mich. and Element Collective in Madison, Wis. Chamberlain House is a new development with 40 affordable housing units for families, including eight units reserved for Indiana’s State Referral Network with project-based vouchers from the Indiana Housing & Community Development Authority. Housing Directions and Village Management Co. is developing the project. East Bay Flats is a rehabilitation project delivering 64 affordable homes for individuals who are homeless or at risk of homelessness. All units are supported by project-based rental subsidies from the Michigan State Housing Development Authority, with onsite supportive services provided by Goodwill Northern Michigan. The development team includes Goodwill Northern Michigan and TJ Acquisitions. Element Collective is a new property in Dane County that will create 197 affordable homes for families, including five units reserved for individuals experiencing or at risk of homelessness. As part of …

January 20, 2026

Acquisitions Midwest Minnesota Multifamily

PCCP, RPM Living Acquire 204-Unit Multifamily Property in Lakeville, Minnesota

by Kristin Harlow January 20, 2026

LAKEVILLE, MINN. — A joint venture between PCCP and RPM Living has acquired Livery Modern Apartments, a 204-unit community in Lakeville, about 22 miles south of the Minneapolis central business district. Built in 2023, the property features 22 two-story buildings with a mix of floor plans that range from 868 to 1,505 square feet. Amenities include a pool, fitness center, pet park and bike repair station. The seller and sales price were undisclosed.

January 20, 2026

Acquisitions Illinois Midwest Multifamily

SVN Chicago Brokers $4M Sale of Apartment Building in Bronzeville Neighborhood

by Kristin Harlow January 20, 2026

CHICAGO — SVN Chicago Commercial has brokered the sale of a 21-unit apartment building located at 4201 S. Michigan Ave. in Chicago’s Bronzeville neighborhood. The asset sold for $4 million through a debt assumption structure. Joe Connelly of SVN Chicago represented both parties in the sale. The property features 15 two-bedroom units and six three-bedroom residences.

January 20, 2026

Affordable Housing Development Features Multifamily Office

In An Era of Complex Conversions, How Can Office, Housing Markets Become Rebalanced?

by Taylor Williams January 20, 2026

By Robert Likes, president, community development lending and investment, affordable housing, KeyBank The nation’s housing crisis has reached a breaking point, pushing developers to rethink how and where new supply can be created. Among the most promising — and debated — solutions is the conversion of underutilized office buildings into much-needed affordable housing. On the surface, the concept seems straightforward: repurpose empty office space into homes in locations where demand is highest. In practice, however, these projects are anything but simple. Converting office buildings into livable, modern and affordable multifamily residences requires far more than reimagining floor plans. Success depends on choosing the right property, assembling a complex capital stack and deploying an experienced team capable of navigating regulatory, design and construction challenges. Done right, these conversions not only add critical housing supply but also breathe new life into urban centers struggling with high office vacancies. The Case for Conversions The United States has too much office space and not enough housing units, particularly for low-income households. Office-to-residential conversion projects help to equalize the supply-demand imbalance in both asset classes. According to the National Low-Income Housing Coalition, we are short 7.1 million rental homes for extremely low-income households. As a result, many …

January 20, 2026

Development Loans Multifamily Texas

JPI Receives Construction Financing for $114M Multifamily Project in Grand Prairie, Texas

by Taylor Williams January 19, 2026

GRAND PRAIRIE, TEXAS — JPI has received construction financing for Jefferson Southwest Parkway, a multifamily project in Grand Prairie, located roughly midway between Dallas and Fort Worth, that will add 439 units to the local supply. The loan amount(s) was not disclosed, but the project is valued at roughly $114 million. Jefferson Southwest Parkway will offer studio, one-, two- and three-bedroom units and amenities such as a pool, fitness center, dog park and a clubhouse. Anchor Loans, a private lending platform backed by New York City-based alternative investment management firm Pretium, provided the financing. Construction is slated for a 2027 delivery.

January 19, 2026

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