Multifamily

Newmark Arranges Sale of 1,027-Unit Multifamily Portfolio in North Austin

by Taylor Williams September 3, 2026

AUSTIN, TEXAS — Newmark has arranged the sale of a portfolio of three multifamily properties totaling 1,027 units in North Austin. The portfolio comprises The Enclave at La Frontera (411 units), Lakeside at La Frontera (366 units) and Legends Lake Creek (250 units). The properties were all built in the early 2000s and have an average unit size of 936 square feet. Amenities include pools, outdoor grilling areas, resident lounges, fitness studios and pet-friendly facilities. Patton Jones and Andrew Dickson of Newmark represented the seller, San Antonio-based owner-operator LYND, in the transaction. Tip Strickland and David Schwarz, also with Newmark, arranged acquisition financing on behalf of the buyer, Knightvest Capital.

September 3, 2026

California Development Loans Multifamily Western

CEDARst Cos. Receives $80M Construction Loan for The Samuel Multifamily Property in San Diego

by Amy Works September 3, 2026

SAN DIEGO — Chicago-based CEDARst Cos. has received an $80 million construction loan forThe Samuel, a 197-unit multifamily project that will be located in San Diego’s North Park neighborhood. Zach Kersten, Jack Wood and Ben Choromanski of JLL arranged the three-year, floating rate loan through Boston-based CrossHarbor Capital Partners. Located at 2821 Adams Ave., The Samuel will be an eight-story building with studio, one- and two-bedroom units. Community amenities will include a pool, fitness center, coworking lounge, fire pits, game deck and a rooftop lounge with an outdoor kitchen. Construction is expected to begin later this year with completion slated for the fourth quarter of 2028.

September 3, 2026

California Development Multifamily Student Housing Western

Gilbane, CBRE IM Complete 484-Bed Student Housing Project Near University of California, Berkeley

by Amy Works September 3, 2026

BERKELEY, CALIF. — A partnership between Gilbane Development and CBRE Investment Management (IM) has completed Pique, a 484-bed student housing development located at 2587 Telegraph Ave. near the University of California, Berkeley campus. Construction of the property commenced in October 2025. The eight-story community offers 53 units in four-, five- and six-bedroom configurations with bed-to-bath parity. Shared amenities include an indoor/outdoor yoga and fitness center, outdoor study terraces, two rooftop decks, a community terrace, coworking lounge and smart food lockers and private study pods on each floor. The property also features 2,900 square feet of ground-floor retail space.

September 3, 2026

Florida Loans Multifamily Southeast

Newmark Arranges $215.8M Refinancing for Waypoint Multifamily Portfolio in Florida

by John Nelson September 3, 2026

TAMPA, FLA. — Newmark has arranged $215.8 million in bridge financing for a five-property multifamily portfolio in Florida. Matthew Williams, Rob Wright, James Maynard and Kyle Schlitt of Newmark arranged the construction takeout financing through Benefit Street Partners on behalf of the borrower, Waypoint Residential. The 1,274-unit portfolio comprises newly constructed properties in Vero Beach, Port St. Lucie, Palm Bay, Davenport and Gainesville.

September 3, 2026

Development Multifamily Texas

Southeastern Tops Out 330-Unit Multifamily Redevelopment Project in Houston

by Taylor Williams September 3, 2026

HOUSTON — Georgia-based developer Southeastern has topped out a 330-unit multifamily redevelopment project in the Montrose neighborhood of Houston. Artis Montrose is a conversion of the site of the former “Disco Kroger” into a seven-story apartment building that will feature one- and two-bedroom units. Residences will range in size from 549 to 1,607 square feet. Amenities will include a pool, pet spa, outdoor workspaces, grilling stations, a clubroom, cyber lounge and a Zen garden. DCS Design is the project architect, and Arch-Con Corp. is the general contractor. The first units are expected to be available for occupancy in late 2027.

September 3, 2026

Development Loans Midwest Minnesota Multifamily

JLL Secures $76.3M in Financing for Luxury Apartment Development in West St. Paul

by Kristin Harlow September 3, 2026

WEST ST. PAUL, MINN. — JLL Capital Markets has arranged $76.3 million in financing for Thompson Oaks, a 291-unit luxury apartment community to be built in West St. Paul. Josh Talberg, Scott Loving, Will Hintz and Jack Graveline of JLL represented the borrower, Greco and Swervo Management. First International Bank & Trust provided a $63 million loan, which features a four-year term and a floating interest rate. JLL also sourced $13.3 million from WhiteStar Advisors. Construction will begin immediately following closing. The five-story development will offer a mix of alcoves, one-, two- and three-bedroom units, as well as 19 townhome-style units. The development team will also lead a renovation of a former auto parts shop, creating an additional 7,100 square feet of commercial retail space. Amenities will include an outdoor pool, golf simulator, wellness center, work-from-home spaces, a theater room, clubroom, private dining area and underground parking. The project is a public-private partnership with the City of West St. Paul. Upon completion, the public components will include significant park improvements with connections to the regional trail system. The project, which will be built by Frana Cos. and designed by BKV Group, represents the initial phase of a master redevelopment of …

September 3, 2026

Acquisitions Kansas Midwest Multifamily

Northmarq Brokers Sale of 301-Unit Multifamily Property in Wichita, Kansas

by Kristin Harlow September 3, 2026

WICHITA, KAN. — Northmarq has brokered the sale of Union Mill, a 301-unit luxury multifamily property in Wichita. Benjamin Davis, Jeff Lamott and Casey Wilhm of Northmarq represented the seller, TLC Properties. The buyer was UM Apts LLC. Built in 2023 and 2024, Union Mill is comprised of 11 buildings with studio, one-, two- and three-bedroom floor plans. The property is currently 91 percent leased. Amenities include a heated saltwater pool, pickleball court, mini putting course, golf simulator, fitness center, dog park, electric vehicle charging stations, covered parking and a bodega convenience store. The deal marks the largest multifamily sale in Wichita history, according to Northmarq.

September 3, 2026

Affordable Housing Development Multifamily Southeast Tennessee

Holladay, Urban League Open East Nashville Affordable Housing Community

by John Nelson September 3, 2026

NASHVILLE, TENN. — Holladay Ventures and the Urban League of Middle Tennessee (ULMT) have delivered Park24, a 140-unit affordable housing community in east Nashville. The property is located at 660 Joseph Ave. in the city’s McFerrin Park neighborhood. Park24 offers one-, two- and three-bedroom apartments affordable to households earning 30 to 80 percent of the area median income (AMI). Capital partners for the project included Amazon Housing Fund, U.S. Bancorp Impact Finance, Cedar Rapids Bank and Trust and Barnes Fund, which provided a $2 million grant. Community partners and consultants included ULMT, Pillars Development, PATHE and the McFerrin Park Neighborhood Association. Holladay Ventures also credited the Mayor’s Office of Nashville-Davidson County Metro, the Metropolitan Development and Housing Agency (MDHA), Tennessee Housing Development Agency and Metro Council as “backing” the project. The ULMT operates a 2,200-square-foot empowerment center onsite at Park24, which also features 2,500 square feet of ground-level commercial space that The Cauble Group is marketing for lease.

September 3, 2026

Development Loans Multifamily New York Northeast

Merchants Capital Provides $138.5M in Financing for White Plains Multifamily Project

by Taylor Williams September 3, 2026

WHITE PLAINS, N.Y. — Merchants Capital has provided $138.5 million in financing for a 296-unit multifamily project in White Plains, located north of New York City. The financing consists of a $120.5 million construction loan from Merchants Bank and an $18 million revolving loan fund from the New York State Homes and Community Renewal’s Housing Acceleration Fund (HAF) program. Known as North White Plains Workforce Transit Hub, the project will comprise two six-story buildings that will house studio, one- and two-bedroom units. Of the 296 residences, 266 will be rented at market rates, and 30 will be reserved for households earning between 50 and 110 percent of the area median income. Amenities will include a fitness center, resident lounge and a coworking/event space, and the development will also feature onsite retail space, a parking garage and a 15,000-square-foot public park. BRP Cos. is leading development of the project, construction of which is underway and expected to be complete in mid-2029.

September 3, 2026

Acquisitions Connecticut Delaware Georgia Massachusetts Multifamily New Jersey Northeast Pennsylvania Seniors Housing Southeast Top Stories

American Healthcare REIT Acquires Eight Seniors Housing Communities for $696M

by Matthew Auchincloss September 3, 2026

IRVINE, CALIF. — American Healthcare REIT Inc. (NYSE: AHR) has acquired eight senior housing communities in six states for $696 million. The properties, which collectively comprise 867 units and were built between 2020 and 2022, are located in Massachusetts, Connecticut, New Jersey, Pennsylvania, Delaware and Georgia. Newmark acted as AHR’s real estate advisor for the transaction. While there were multiple sellers, all eight properties were marketed together. AHR purchased 10 communities all together but assigned the purchase and sale agreements of two properties to another institutional investor. “This series of transactions is an example of disciplined capital allocation supported by strong execution,” says Jeff Hanson, chairman and CEO of AHR. “We understood that only a solution for all 10 communities would clear the market. Rather than either walking away from a highly strategic opportunity or compromising our capital allocation discipline to secure it, we constructed a solution that required neither.” The purchase gives the Irvine-based company a larger presence in the Northeastern seniors housing market. The Northeast properties in the portfolio are located primarily in wealthy suburban markets such as Philadelphia’s Main Line, Westport, Conn., and suburban Boston. AHR is strengthening this newfound foothold via a new operating relationship with Massachusetts-based LCB …

September 3, 2026

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