Multifamily

IPA Negotiates Sale of 354-Unit Apartment Community in Cedar Hill, Texas

by Taylor Williams November 4, 2025

CEDAR HILL, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Midtown Cedar Hill, a 354-unit apartment community located on the southern outskirts of Dallas. Built on 13 acres in 2015, Midtown Cedar Hill is a three-story, garden-style building that offers one- and two-bedroom units with an average size of 894 square feet. Amenities include a pool, business center and picnic areas with barbecue grills. Joey Tumminello, Drew Kile, Michael Ware, Taylor Hill and Cameron Purse of IPA represented the seller and procured the buyer in the transaction. Both parties requested anonymity. Brian Eisendrath, Cameron Chalfant and Harry Krieger of IPA Capital Markets arranged acquisition financing for the deal.

November 4, 2025

Development Multifamily Texas

Southeastern Breaks Ground on 330-Unit Multifamily Redevelopment Project in Houston

by Taylor Williams November 4, 2025

HOUSTON — Georgia-based developer Southeastern has broken ground on a 330-unit multifamily redevelopment project in the Montrose neighborhood of Houston. Artis Montrose will convert the site of the former “Disco Kroger” into a seven-story apartment building that will feature one- and two-bedroom units that will range in size from 549 to 1,607 square feet. Amenities will include a pool, leasing office, 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.

November 4, 2025

Loans Multifamily Southeast Tennessee Walker & Dunlop

Walker & Dunlop Arranges $42M Refinancing for Luxury Apartment Community in Suburban Nashville

by Abby Cox November 4, 2025

WHITE HOUSE, TENN. — Walker & Dunlop has arranged a $42 million bridge loan for the refinancing of The Mill at White House, a 216-unit luxury apartment complex located in White House, a suburb of Nashville. Jeremy Pino, Livingston Hessam, Keith Melton, David Strange, Carl Passmore and Kyle Miller of Walker & Dunlop’s Capital Markets team arranged the financing through an unnamed institutional lender. The team previously refinanced the construction debt in 2022 on behalf of the borrower, RFM Development Co. Completed in 2024, The Mill at Whitehouse offers one-, two- and three-bedroom floorplans, ranging in size from 769 to 1,385 square feet, according to Apartments.com. Rental rates begin at $1,465. Amenities at the property include a swimming pool, fitness center, children’s playground, clubhouse, business center, pet play area and a grill.

November 4, 2025

Affordable Housing Loans Multifamily New York Northeast

Greystone Provides $114.5M Acquisition Loan for Queens Affordable Housing Portfolio

by Taylor Williams November 4, 2025

NEW YORK CITY — Greystone has provided a $114.5 million bridge loan for the acquisition of a portfolio of nine affordable housing buildings totaling 753 units in Queens. Known as The State Preservation Portfolio, the elevator-served properties feature a mix of studio, one- and two-bedroom units, as well as covered parking. Information on specific income restrictions was not disclosed. The borrower is a partnership between national affordable housing owner-operator Iris Holdings Group and the New York City Department of Housing Preservation and Development. The partnership will use a portion of the proceeds to fund capital improvements and preserve the buildings’ affordability status.

November 4, 2025

Development Loans Multifamily New Hampshire Northeast

JLL Arranges $96.8M Construction Loan for Southern New Hampshire Multifamily Project

by Taylor Williams November 4, 2025

PORTSMOUTH, N.H. — JLL has arranged a $96.8 million construction loan for Prescott Post, a 360-unit multifamily project that will be located in the southern New Hampshire city of Portsmouth. The site spans 26 acres, about 10 percent of which will be preserved as green communal space. Prescott Post will feature three- and four-story residential buildings that will house a mix of unit types. Amenities will include multiple clubrooms, coworking spaces, an indoor/outdoor fitness suite with a yoga studio, outdoor kitchens, fire pits and a dog run with a pet washing station. Brett Paulsrud, Andrew Gray and Hugh Doherty of JLL arranged the loan through Truist Bank on behalf of the developers, a partnership between Boston-based Eastern Real Estate and The Kane Co. Completion is slated for late 2027.

November 4, 2025

Development Massachusetts Multifamily Northeast

Davis Cos. Underway on 289-Unit Multifamily Project in Medford, Massachusetts

by Taylor Williams November 4, 2025

MEDFORD, MASS. — Locally based developer The Davis Cos. is underway on construction of The Clayborn, a 289-unit multifamily project located north of Boston in Medford. The 7.9-acre site formerly housed a self-storage facility. Designed by CUBE 3 Architects, The Clayborn will offer studio, one-, two- and three-bedroom units as well as six townhomes. The Clayborn will also have an affordability component, although specific income restrictions were not disclosed. Amenities will include a pool, fitness center, playground, golf simulator and putting green, coworking space, dog park and a rooftop deck. Plumb House is the general contractor for the project, which is expected to be complete in 2027.

November 4, 2025

Development Multifamily Northeast Pennsylvania

Hankin Group Breaks Ground on 160-Unit Multifamily Project in Downingtown, Pennsylvania

by Taylor Williams November 4, 2025

DOWNINGTOWN, PA. — Locally based developer Hankin Group has broken ground on a 160-unit multifamily project in Downingtown, a western suburb of Philadelphia. The project is an expansion of the 70-acre River Station development and will consist of two buildings that will have 67 and 93 units. Residences will come in one- and two-bedroom formats and will range in size from 765 to 1,217 square feet. Residents will have access to amenities such as a pool, coffee bar, fitness center, sports court, golf simulator, demonstration kitchen, business center and a county-wide trail system. Completion of the first building is slated for summer 2026.

November 4, 2025

Acquisitions California Multifamily Western

Concord Capital Partners Acquires Apartment Community in Los Angeles for $52.1M

by Amy Works November 4, 2025

LOS ANGELES — Concord Capital Partners has purchased The View, a 13-story, 168-unit Class A apartment property in Los Angeles’ Koreatown neighborhood, from an undisclosed seller for $52.1 million, or $310,000 per unit. Located at 3460 W. 7th St., The View features 12 studios, 120 one-bedroom/one-bath units and 36 two-bedroom/two-bath units with oversized floor plans, modern interiors and city views. JLL represented the seller and secured acquisition financing for the buyer.

November 4, 2025

Acquisitions Arizona Multifamily Western

Millburn & Co. Buys 215-Unit Alta Biltmore Multifamily Property in Phoenix

by Amy Works November 4, 2025

PHOENIX — Millburn & Co. has acquired Alta Biltmore, an apartment community in Phoenix’s Camelback Corridor submarket, from a national multifamily developer for an undisclosed price. Asher Gunter, Matt Pesch, Sean Cunningham and Austin Groen of CBRE represented the seller in the transaction. Constructed in 2024, Alta Biltmore offers 215 apartments, a central courtyard with a resort-style pool and spa, tanning deck and a rooftop terrace with barbecue grills, covered seating and panoramic mountain views. The resident clubhouse features an entertainment kitchen and a speakeasy as well as a 24/7 fitness center with cardio and weight training equipment and a separate yoga studio. Additional amenities include micro-offices, private conference suites, bike storage and repair shop and electric vehicle charging stations.

November 4, 2025

Loans Midwest Minnesota Multifamily

JLL Arranges $50M Refinancing for Multifamily Property in Eden Prairie, Minnesota

by Kristin Harlow November 4, 2025

EDEN PRAIRIE, MINN. — JLL Capital Markets has arranged a $50 million refinancing for The Fox & The Grouse, a 237-unit multifamily property in the Golden Triangle neighborhood of Eden Prairie. The first units of The Fox & The Grouse Phase I delivered in December 2024, and construction was completed in April 2025. The development features 205,561 square feet of rentable space across alcove, one-, two- and three-bedroom units averaging 867 square feet. The project includes a 25 percent affordable housing component, with 49 units reserved for residents at 50 percent of the area median income (AMI) and 12 units at 80 percent AMI. Amenities include an outdoor pool, golf simulator, pickleball courts, a wellness center, work-from-home spaces, a theater room and underground parking. Scott Loving, Josh Talberg, Joe Peris, Will Hintz and Colin Ryan of JLL represented the borrower, a partnership of Greco and Eagle Ridge Partners, as well as joint venture equity partner Amstar Group. JLL arranged the five-year loan through PNC Bank.

November 4, 2025

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