Multifamily

Fisher Brothers Receives $117.5M Loan for Refinancing of Miami Multifamily Community

by Abby Cox March 20, 2026

MIAMI — New York City based-Fisher Brothers has received a $117.5 million bridge loan for the refinancing of Joule House at Calle Collective, a 308-unit multifamily community located in the Wynwood neighborhood of Miami. Bain Capital provided the floating-rate, interest-only loan. “The successful refinancing of Joule House is a strong reflection of both the property’s performance since opening last summer and the market’s confidence in well-executed, design-driven residential communities in Wynwood,” says Winston Fisher, partner at Fisher Brothers. Situated at 2200 N.W. 1st Ave., Joule House spans eight stories and features studio, one- and two-bedroom floorplans, with select two- and three-bedroom penthouses ranging in size from 985 to 1,400 square feet. Monthly rental rates begin at $2,512. Approximately 23,000 square feet of amenities are available for residents, including a swimming pool, cabana, spa, clubhouse, business center, fitness center, lounge, bicycle storage, a game room, conference rooms and electric vehicle charging stations. In December of last year, Fisher Brothers signed a new retail lease with SunLife Organics, a smoothie, juice and açai bowl bar that will open on the ground floor of Joule House in the third quarter. The Calle Collective, which is located within the Joule House development, serves as a retail, …

March 20, 2026

California Market Reports Multifamily Western Western Market Reports

Fundamentals Hold Steady as Growth Moderates in OC’s Multifamily Market

by John Nelson March 20, 2026

— By J.C. Casillas of NAI Capital — Orange County’s multifamily sector entered 2026 in a period of moderation. Following a recent peak in deliveries, fourth-quarter 2025 saw developers pull back sharply, allowing vacancy to stabilize at a tight 3.8 percent even as rent growth plateaued. The shift reflects strategic caution as elevated interest rates and pricing expectations continue to shape underwriting. Demand and Supply Navigating the ‘Supply Cliff’ Vacant units inched up 0.1 percent quarter over quarter to 11,926 but remained down 1.6 percent year over year, signaling gradual relief from earlier supply pressure. Developers delivered just 430 new units in the fourth quarter, a 26 percent drop from the third quarter. This brought year-to-date deliveries to 1,979 units, down 43 percent from 2024. With only 4,775 units still under construction — a 14 percent annual decline — the market is approaching a potential supply cliff that could tighten inventory by 2027. Vacancy held at 3.8 percent, suggesting steady renter demand. Average asking rents slipped $9 from the third quarter to $2,702 per unit. The good news is it still posted a 1.7 percent year-over-year gain. Since the 2024 development peak, higher borrowing costs and construction expenses have tempered the …

March 20, 2026

Development North Carolina Seniors Housing Southeast

Singh Development Delivers 95-Unit Luxury Seniors Housing Community in North Raleigh

by John Nelson March 19, 2026

RALEIGH, N.C. — Michigan-based Singh Development has completed Waltonwood Lead Mine, a 95-unit luxury seniors housing community located at 4510 Lead Mine Road in north Raleigh. Cline designed the property, which features assisted living and memory care residences. The community has the capacity for up to 100 residents and will be operated under Singh’s Waltonwood Senior Living brand. Amenities include a movie theater with a popcorn bar, restaurant-style dining room, bistro and a coffee nook. The project team also included Choate Construction, Lighthouse Engineering and structural engineer Hauser and Creech.

March 19, 2026

Affordable Housing California Development Multifamily Seniors Housing Western

Linc Housing Starts Construction on 64-Unit Affordable Seniors Housing Community in Long Beach

by Amy Works March 19, 2026

LONG BEACH, CALIF. — Linc Housing has started the construction of Armory Arts Collective, an affordable seniors housing property in Long Beach’s East Village Arts District. The development will transform the long-vacant former Armory building through adaptive reuse and add five stories of new residential construction. Upon completion, the project will deliver 64 residences for low-income seniors age 55 years or older earning between 30 percent and 70 percent of the area median income. Armory Arts Collective will feature 56 one-bedroom apartments and eight two-bedroom apartments, including a manager’s unit. Half of the homes will be fully wheelchair accessible and several will incorporate features to accommodate residents with hearing and visual impairments. Linc will convert portions of the historic 26,500-square-foot Armory, which was built in 1930, into a community room, arts and crafts studio, health and wellness space and bicycle storage. Additionally, residents will have access to a landscaped courtyard and outdoor deck. A resident services coordinator will bring programs and activities to the community spaces. Funding for the development includes $6.5 million from Long Beach Community Investment Co., a $5.2 million loan from the City of Long Beach, $6.2 million from the California Department of Housing and Community Development’s Multifamily …

March 19, 2026

Acquisitions Affordable Housing Illinois Midwest Multifamily

Monument Capital Management Sells Workforce Housing Community in Metro Chicago for $30M

by Kristin Harlow March 19, 2026

MT. PROSPECT, ILL. — Monument Capital Management, an A-Rod Corp. company, has sold Eclipse at 1450 for $30 million to Vladimir Novakic. The 222-unit workforce housing community is located at 1450 Busse Road in Mt. Prospect. During the hold period, Monument executed a comprehensive value-add program, renovating approximately 75 percent of unit interiors and upgrading key amenities. The sale follows the December disposition of sister property The Element.

March 19, 2026

Acquisitions Midwest Multifamily Wisconsin

CBRE Arranges $8.3M Sale of Multifamily Property in Milwaukee

by Kristin Harlow March 19, 2026

MILWAUKEE — CBRE has arranged the sale of Sage on Prospect, a 34-unit multifamily property in Milwaukee’s Lower East Side neighborhood. Three Sixty Real Estate Solutions LLC purchased the asset from Dominion Properties. CBRE’s Sean Beuche, Matson Holbrook, Gretchen Richards and Patrick Gallagher represented the seller, which recently renovated the former assisted living facility. The project included the addition of two floors with balconies overlooking Lake Michigan. The property is the only in the market to receive LEED Platinum certification. Built in 2016, the property features a mix of one- and two-bedroom floor plans.

March 19, 2026

Development Multifamily Northeast Pennsylvania

Kimco, Bozzuto Complete 131-Unit Multifamily Project in Ardmore, Pennsylvania

by Taylor Williams March 19, 2026

ARDMORE, PA. — A partnership between Kimco Realty and Bozzuto Development has completed Coulter Place, a 131-unit multifamily project in Ardmore, a northwestern suburb of Philadelphia. Designed by JKRP Architects, the five-story building is part of Suburban Square, an open-air shopping center, and houses 20,000 square feet of ground-floor retail space. Units come in one-, two- and three-bedroom floor plans. Amenities include resident lounges, fitness facilities and outdoor gathering areas. Rents start at roughly $3,200 per month for a one-bedroom apartment.

March 19, 2026

Acquisitions Multifamily Texas

Northmarq Arranges Sale of 28-Story Apartment Tower in North Dallas

by Taylor Williams March 18, 2026

DALLAS — Northmarq has arranged the sale of Eastline Residences, a 28-story apartment tower in North Dallas. Delivered in 2021 by Convexity Properties, Eastline Residences offers 330 units in studio, one-, two- and three-bedroom units, as well as penthouses on the top four floors. Residences feature stainless steel appliances, quartz countertops, individual washers and dryers and private balconies/patios. Amenities include a pool, clubhouse, fitness center and a business center. Taylor Snoddy, Eric Stockley and Charles Hubbard of Northmarq represented Convexity in the sale. Kevin Leamy and Lauren Bresky, also with Northmarq, arranged an undisclosed amount of acquisition financing on behalf of the buyer, New York City-based Kushner Cos.

March 18, 2026

Development Multifamily Texas

Wood Partners Breaks Ground on 204-Unit Multifamily Project in Tomball, Texas

by Taylor Williams March 18, 2026

TOMBALL, TEXAS — Atlanta-based developer Wood Partners has broken ground on Alta Timberline, a 204-unit multifamily project in Tomball, a northern suburb of Houston. Alta Timberline will consist of seven three-story buildings that will house one-, two- and three-bedroom units. Residences will be furnished with stainless steel appliances, granite countertops and individual washers and dryers. Ground-floor residences will feature private yards, and upper-level apartments will have balconies. Amenities will include a pool, fitness center, two pickleball courts, a dog park, business lounge, coffee bar and outdoor grilling and dining stations. Completion is slated for summer 2027.

March 18, 2026

Acquisitions Multifamily Southeast Tennessee

IPA Brokers Sale of 192-Unit Apartment Community in Metro Nashville

by John Nelson March 18, 2026

THOMPSON’S STATION, TENN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Newport Station, a 192-unit apartment community located on a 13-acre site in Thompson’s Station, a southern suburb of Nashville. David Stollenwerk, Christian Farris, Will Balthrope and Drew Garza of IPA represented the seller and procured the buyer in the transaction. The sales price was also not disclosed. Jody McKibben served as Marcus & Millichap’s broker of record in Tennessee in the deal. Completed in 2024, Newport Station features garden-style apartments averaging 1,287 square feet in size, as well as a resort-style swimming pool, fitness center and a dog park.

March 18, 2026

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