Multifamily

JLL Negotiates Sale of 165-Unit Inspira Arrowhead Seniors Housing Community in Glendale, Arizona

by Amy Works October 17, 2025

GLENDALE, ARIZ. — JLL Capital Markets has arranged the sale of Inspira Arrowhead, a seniors housing property in Glendale. A fund managed by affiliates of Fortress Investment Group sold the asset to a confidential buyer for an undisclosed price. JLL’s Senior Housing Capital Markets team represented the seller and procured the buyer in the deal. The firm also arranged nonrecourse acquisition financing for the buyer through a regional bank. Cogir Senior Living has been retained by the buyer to continue operations at the property. Situated on 14.2 acres at 20240 N. 78th Ave., Inspira Arrowhead features 165 independent living, assisted living and memory care units. Onsite amenities include various dining options, a theater, fitness center, pool, salon, barbershop, dog park, social outings and bocce ball.

October 17, 2025

Acquisitions Indiana Midwest Multifamily

Marcus & Millichap Brokers Sale of 288-Unit Multifamily Community in Metro Indianapolis

by Kristin Harlow October 17, 2025

NOBLESVILLE, IND. — Marcus & Millichap has brokered the sale of Deer Chase Apartments in the Indianapolis suburb of Noblesville. Built in 2004, the 288-unit multifamily property features a mix of two-, three- and four-bedroom floor plans. Amenities include a fitness center, pool, sports courts, a playground and picnic area. The asset is located near the shopping destination Hamilton Town Center. Tony Rogers, Aaron Kuroiwa, Austin Meeker and Teddy Kenny of Marcus & Millichap represented the seller, the property’s original developer, and procured the buyer, a locally owned and operated company.

October 17, 2025

Development Midwest Missouri Multifamily

Cordish Completes $3M Renovation of One Light Luxury Apartments in Kansas City

by Kristin Harlow October 17, 2025

KANSAS CITY, MO. — The Cordish Cos. has completed a $3 million renovation of One Light Luxury Apartments coinciding with the property’s 10th anniversary. The apartment building, located in Kansas City’s Power & Light District, rises 25 stories with 307 units. The newly renovated lobby features updated lighting, contemporary artwork and enhanced seating areas as well as an expanded Luxer One package system to include refrigerated lockers. The third-floor amenity spaces feature a fully renovated theater and social room with a high-definition LED screen and billiards table, enhanced conference facilities and an expanded package room. The fourth-floor amenity spaces include a refreshed demonstration kitchen and the addition of new coworking booths and flexible workspaces in the clubroom. The lounge area has been updated with a new fireplace as well as new flooring and finishes. The leasing office was also redesigned with modern finishes. Residential floors throughout the building have undergone a complete refresh with new carpet, updated lighting, fresh paint and upgraded elevator vestibules.

October 17, 2025

Leasing Activity Midwest Multifamily Ohio Restaurant Retail Student Housing

Bagels & Co. Signs 2,660 SF Retail Lease at Rambler Columbus Student Housing Property

by Kristin Harlow October 17, 2025

COLUMBUS, OHIO — Bagels & Co. has signed a 2,660-square-foot retail lease at Rambler Columbus, a student housing property near The Ohio State University campus. The tenant will occupy space on the ground floor beginning in spring 2026. Known for its Brooklyn-style bagels, the café also serves La Colombe coffee, 25 varieties of cream cheese and a variety of breakfast and lunch offerings. Developed by LV Collective, Rambler Columbus opened this fall at 222 W. Lane Ave. Other retail tenants at the property include coffee shop Daydreamer and Victory Lap, an Ohio State-themed sports bar. Matt Stein and Matt Cooper of MSC represented both Bagels & Co. and LV Collective in the lease.

October 17, 2025

Loans Multifamily New York Northeast

ACRES Capital Provides $42.5M Loan for Refinancing of Manhattan Apartment Building

by Taylor Williams October 16, 2025

NEW YORK CITY — ACRES Capital has provided a $42.5 million loan for the refinancing of The Congress, a 74-unit apartment building located on West 54th Street in Midtown Manhattan. According to StreetEasy, the building was originally constructed in 1923. The Congress also includes two office spaces and five retail spaces. The undisclosed sponsor will use a portion of the proceeds to fund upgrades of existing residences and common areas and convert former professional office suites into additional residential units.

October 16, 2025

Acquisitions Connecticut Multifamily Northeast

IPA Negotiates Sale of 132-Unit Apartment Complex in Bloomfield, Connecticut

by Taylor Williams October 16, 2025

BLOOMFIELD, CONN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of The Arbors at Brighton Park, a 132-unit apartment complex in Bloomfield, located northwest of Hartford. Built in 2017, the property offers one-, two- and three-bedroom units with washers and dryers, walk-in closets and private balconies/patios. Victor Nolletti, Eric Pentore and Wes Klockner of IPA represented the seller, Paredim Communities, in the deal and procured the buyer, Beachwold Residential.

October 16, 2025

Acquisitions Multifamily New Jersey Northeast

CBRE Brokers $3.6M Sale of Northern New Jersey Apartment Building

by Taylor Williams October 16, 2025

BAYONNE, N.J. — CBRE has brokered the $3.6 million sale of a 20-unit apartment building located in the Northern New Jersey community of Bayonne. The four-story building at 38-40 Kelly Parkway is located in the Constable Hook neighborhood and was originally constructed in 1920, according to LoopNet Inc. Fahri Ozturk, Richard Gatto, Tracy Trank and Zach McHale of CBRE represented the seller in the transaction. CBRE also procured the buyer. Both parties requested anonymity.

October 16, 2025

Arizona Loans Multifamily Seniors Housing Western

BWE Arranges Refinancing for 248-Unit Seniors Housing Community in Phoenix

by Amy Works October 16, 2025

PHOENIX — A joint venture between Harrison Street Asset Management, LCS and Ryan Cos. US Inc. has received refinancing for Clarendale Arcadia, a senior living community located in the Arcadia neighborhood of Phoenix. Ryan Stoll and Taylor Mokris of BWE arranged the financing — which features full-term interest-only payments, an initial 36-month term and two one-year extension options — on behalf of the joint venture. Completed in 2023, Clarendale Arcadia totals 248 residences, with 240 independent living units, 68 assisted living units and 40 memory care units. Amenities at the property include a bistro, fitness center, heated swimming pool, jacuzzi spa, putting greens, a movie theater, salon and spa, landscaped outdoor spaces and a full-service bar.

October 16, 2025

Affordable Housing Development Multifamily Utah Western

Cowboy Partners Breaks Ground on 200-Unit Affordable Housing Project in Salt Lake City

by Amy Works October 16, 2025

SALT LAKE CITY — Cowboy Partners, with MVE + Partners as architect, has broken ground on Liberty Corner, an affordable housing property in Salt Lake City. The 387,857-square-foot, ground-up community will feature 200 apartments. Salt Lake City-based Cowboy Partners is a multifamily and mixed-use developer.

October 16, 2025

Renaissance Village totals 142 assisted living and memory care units in Murietta, California.

Acquisitions California Multifamily Seniors Housing Western

SLIB Brokers Sale of 142-Unit Assisted Living, Memory Care Community in Southern California

by Amy Works October 16, 2025

MURIETTA, CALIF. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Renaissance Village Murietta, an assisted living and memory care community located in Murietta. Built in 2016 and 2018, the property totals 142 units. Renaissance Village Murietta was the only seniors housing asset owned by the undisclosed seller, which is exiting the sector. A REIT was the buyer. Brad Goodsell, Jason Punzel and Vince Viverito of SLIB brokered the transaction.

October 16, 2025

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