Multifamily

Interra Realty Arranges $2.6M Sale of Multifamily Property in Cicero, Illinois

by Kristin Harlow June 2, 2025

CICERO, ILL. — Interra Realty has arranged the $2.6 million sale of a 24-unit property in the Chicago suburb of Cicero. Constructed in 1918, the asset features 22 two-bedroom apartment units and two retail spaces. Of the total apartment units, 14 are duplexes. Michael Duckler, Patrick Kennelly, Paul Waterloo and Nathan Zito of Interra represented the confidential buyer and seller. The transaction marks Cicero’s largest so far in 2025 by total dollar amount and unit count, according to data from CoStar.

June 2, 2025

Development Multifamily Texas

Vista Residential Partners Breaks Ground on 375-Unit Multifamily Project in Metro Houston

by Taylor Williams May 30, 2025

FORT BEND COUNTY, TEXAS — Atlanta-based Vista Residential Partners has broken ground on Williams Ranch Vista, a 375-unit multifamily project that will be located on the southwestern outskirts of Houston. The 18.2-acre site is adjacent to the Williams Ranch master-planned development in Fort Bend County. Williams Ranch Vista will offer one- and two-bedroom units that will be furnished with stainless steel appliances, quartz countertops and individual washers and dryers. Amenities will include a pool, fitness area, clubhouse, package center and a dog park. Vista is developing the project in partnership with Parse Capital, A16Z and BOK Financial. Completion is scheduled for spring 2027.

May 30, 2025

Acquisitions Multifamily Texas

TMG Negotiates Sale of 41-Unit Willow Park Apartments in Abilene, Texas

by Taylor Williams May 30, 2025

ABILENE, TEXAS — The Multifamily Group (TMG), a Dallas-based brokerage firm, has negotiated the sale of Willow Park, a 41-unit apartment complex located in the West Texas city of Abilene that was built in 1973. According to Apartments.com, the property offers one- and two-bedroom units with average sizes of 645 and 864 square feet, respectively. The buyer and seller were not disclosed.

May 30, 2025

Loans Multifamily New York Northeast

Ariel Property Advisors Arranges $50M Loan for Refinancing of Manhattan Multifamily Portfolio

by Taylor Williams May 30, 2025

NEW YORK CITY — Locally based brokerage and financial advisory firm Ariel Property Advisors has arranged a $50 million loan for the refinancing of a portfolio of 13 multifamily properties in Manhattan. The names and addresses of the properties, which collectively total 330 residences and five commercial spaces, were not disclosed, but the locations are in the Chelsea, East Village, Kips Bay and Upper East and West Side neighborhoods. Matthew Dzbanek and Matt Swerdlow of Ariel originated the 10-year, nonrecourse loan, which carries a 5.38 percent fixed rate and 25-year amortization schedule. The borrower and direct lender were also not disclosed.

May 30, 2025

California Loans Multifamily Western

BWE Secures $220M in Financing for Opus Multifamily Community in Los Angeles

by Amy Works May 30, 2025

LOS ANGELES — BWE has secured a total of $220 million in financing for Opus, an apartment property in the Koreatown neighborhood of Los Angeles. Max Sauerman and Tyler Shebeck of BWE’s Los Angeles office originated a $205 million five-year senior loan and a $15 million floating-rate mezzanine loan on behalf of the borrower, an affiliate of Jamison Properties. New York Life Real Estate Investors (NYLREI) provided the financing. Completed in June 2024, Opus offers 428 studio, one-, two- and three-bedroom apartments spread across two high-rise towers connected by a secured parking garage and amenity deck. The units feature floor-to-ceiling windows, open floor plans, high ceilings, luxury appliances, balconies and smart home features. Onsite amenities include multiple resident lounges and entertaining spaces, coworking rooms, two state-of-the-art fitness centers, a game room, movie theater, golf simulator, dog park and grooming station, an automated concession room, a rooftop pool with a spa and cabanas, rooftop bars, dining areas, barbecue grills and fire pits. Additionally, the property offers 10,000 square feet of ground-floor commercial space, which is 33 percent leased to a coffee shop and a boba shop.

May 30, 2025

Development Multifamily New Mexico Western

Aberg Property to Develop 244-Unit Zia Flats Apartment Property in Santa Fe

by Amy Works May 30, 2025

SANTA FE, N.M. — Aberg Property Co. is developing Zia Flats, a 244-unit apartment property, as part of Phase I of the Zia Station mixed-use project in Santa Fe. The land is owned by Zia Station LCC, which will be a joint venture partner in the development. Aberg Property Co. and Zia Station LLC have partnered with Sunward Bank for the financing. Located at the northeast corner of St. Francis Drive and Zia Road, Zia Flats will offer 24 onsite affordable units, a resort-style pool, clubhouse with coworking space, a fitness center and outdoor space with large courtyards featuring fire pits and other amenities. The asset will consist of six two- and three-story buildings. The new community is expected to be under construction for approximately 22 months and will open in early 2027. The second phase of Zia Station, which will feature commercial and residential use, is in the early design stages.

May 30, 2025

Acquisitions Multifamily Washington Western

Kidder Mathews Brokers Sale of 84-Unit Union Park Multifamily Community in Seattle

by Amy Works May 30, 2025

SEATTLE — Kidder Mathews has arranged the off-market sale of Union Park, an apartment property in Seattle’s First Hill neighborhood. Terms of the transaction were not released. Located at 1310 Minor Ave., Union Park offers 84 apartments. Dylan Simon, Jerrid Anderson and JD Fuller of the Simon | Anderson Multifamily Team at Kidder Mathews represented the undisclosed seller and sourced the undisclosed buyer in the deal.

May 30, 2025

Acquisitions Multifamily Oregon Western

Next Wave Investors Sells 74-Unit River Lofts in Oregon to FPA Multifamily

by Amy Works May 30, 2025

TUALATIN, ORE. — Next Wave Investors has completed the disposition of River Lofts, an apartment property in Tualatin, to FPA Multifamily for $15.8 million, or $214,189 per unit. Located on the banks of the Tualatin River, 12 miles from Portland, River Lofts offers 74 apartments. Built in 1974, the asset has undergone interior and exterior upgrades. Anthony Palladino, Philip Assouad, Giovanni Napoli, Nick Ruggiero and Ryan Harmon of Institutional Property Advisors (IPA), a division of Marcus & Millichap, and Georgie Christensen-Riley of Marcus & Millichap represented the seller and procured the buyer in the deal. David Tabata of Marcus & Millichap served as broker of record in Oregon.

May 30, 2025

Acquisitions Illinois Midwest Multifamily

Kiser Group Negotiates $5.7M Sale of Chicago Apartment Building

by Kristin Harlow May 30, 2025

CHICAGO — Kiser Group has negotiated the $5.7 million sale of a fully occupied apartment building in Chicago’s Edgewater neighborhood. A former condo deconversion, the property features a mix of one-, two- and three-bedroom units and presented a value-add opportunity. All units were equipped with individual/central HVAC systems and varying levels of finishes from renovations completed roughly 20 years ago. Jacob Price and Katie LeGrand of Kiser brokered the transaction. The buyer owns apartments nearby.

May 30, 2025

Acquisitions Florida Multifamily Southeast

Pearlmark, Ashcroft Capital Acquire 300-Unit Multifamily Community in Metro Orlando

by John Nelson May 30, 2025

WINTER GARDEN, FLA. — A joint venture between Pearlmark and Ashcroft Capital has acquired Birchstone Waterleigh, a 300-unit multifamily community in the Horizon West master-planned community near Winter Garden. Birchstone Residential, Ashcroft’s in-house property management and construction management company, will operate the community. DHI Residential sold the property for an undisclosed price. Built in 2023, Birchstone Waterleigh, formerly known as Ascend Waterleigh Club, offers one-, two- and three-bedroom units ranging from 880 square feet to 1,563 square feet, according to Apartments.com. Amenities at the property include a resort-style, saltwater pool with a poolside pavilion, wet bar and grills; a 24-hour gym with a Peloton room; an entertainment club room with arcade; and a cybercafé with private offices and a conference room with a coffee and beverage station. The property also features an activity lawn with table tennis, a dog park, pet spa and electric vehicle charging stations.

May 30, 2025

Newer Posts

Older Posts