Multifamily

Gelt Venture Partners Buys 117-Unit Drexler Townhomes in Lehi, Utah

by Amy Works July 10, 2026

LEHI, UTAH — Gelt Venture Partners (GVP) has purchased Drexler Townhomes, a Class A townhome community located south of Salt Lake City. The original developer sold the property for an undisclosed price in an off-market transaction. Completed in 2023, Drexler features 117 two-, three- and four-bedroom townhome units averaging 1,705 square feet with attached two-car garages and private driveways. The property is located on 10.8 acres at 2790 N. Segundo Drive. The original developer completed the conversion of 24 unfinished basements into fourth bedrooms, and GVP plans to finish 35 additional basement bedroom conversions.

July 10, 2026

Loans Midwest Multifamily Nebraska

MMCC Arranges $25.8M in Financing for Omaha Multifamily Property

by Kristin Harlow July 10, 2026

OMAHA, NEB. — Marcus & Millichap Capital Corp. (MMCC) has arranged $25.8 million in financing for the Preserve at Evans Place, a 418-unit multifamily property located at 10505 Evans Plaza in Omaha. Robert Bhat of MMCC arranged the two-year, nonrecourse financing on behalf of a private client. The loan, provided by a regional bank, features a 5.8 percent interest rate and an 80 percent loan-to-value ratio. The property was recently renovated and offers a mix of one- and two-bedroom units. Amenities include a clubhouse, fitness center, barbecue area, swimming pool and pet park.

July 10, 2026

Acquisitions Illinois Midwest Multifamily

Kiser Group Brokers $3.9M Sale of Apartment, Retail Building in Chicago’s Wicker Park

by Kristin Harlow July 10, 2026

CHICAGO — Kiser Group has brokered the $3.9 million sale of an 11-unit property located at 1756 W. North Ave. in Chicago’s Wicker Park neighborhood. The property consists of three commercial spaces and eight apartments. Gut-renovated in 2020, the building features updated plumbing, electrical, roofing, windows and interiors. The asset was fully occupied at the time of sale. Jake Parker, Andy Friedman and Viktor Radzieta of Kiser brokered the transaction. The property sold to an all-cash buyer.

July 10, 2026

Development Multifamily New Jersey Northeast Top Stories

Rockpoint, Urby to Develop 69-Story Apartment Tower Along Hudson River in Jersey City

by Abby Cox July 10, 2026

JERSEY CITY, N.J. — Rockpoint, a Boston-based real estate private equity firm, and Urby, a hospitality-driven multifamily developer, have formed a joint venture to develop a multifamily residential tower located along the Hudson River in Jersey City. The 69-story building, which will be known as 201 Hudson – by Urby, is expected to be delivered around mid-2029, according to various media outlets. 201 Hudson is the second phase of a larger three-tower multifamily development. The project follows Jersey City Urby, a 762-unit apartment tower delivered in 2017. The property was rebranded as Sable in 2025 after Veris Residential acquired full ownership of the building. Earlier this year, ownership transferred again to Affinius Capital following its acquisition of Veris. Urby will co-manage construction and development of 201 Hudson and will also oversee property management and leasing alongside Rockhill, Rockpoint’s property services affiliate. The project team will include New York-based architects HLW; Concrete Amsterdam; interior designer Shawn Hausman; and landscape architect Bas Smets, whose practice is responsible for the reimagined grounds of Notre-Dame Cathedral in Paris and the Mandrake Hotel in London. “The Jersey City Waterfront continues to distinguish itself as one of the most compelling multifamily submarkets in the New York …

July 10, 2026

Acquisitions Multifamily Texas

Marcus & Millichap Brokers Sale of 249-Unit Apartment Complex in North Dallas

by Taylor Williams July 9, 2026

DALLAS — Marcus & Millichap has brokered the sale of Infinity on the Point, a 249-unit apartment complex in North Dallas. According to Apartments.com, the property offers one- and two-bedroom units. Amenities at the three-story, garden-style property include a pool, sundeck, grilling stations, dog park, fitness center, package lockers and covered parking. Wes Racht, Nick Fluellen and Bard Hoover of Marcus & Millichap, along with Drew Kile, Taylor Hill, Joey Tumminello, Michael Ware and William Hubbard of Marcus & Millichap’s Institutional Property Advisors (IPA) division, represented the seller, a California-based investment company, in the transaction. The team also procured the buyer, Reap Capital, which plans to rebrand the property as The Creekside at Vantage.

July 9, 2026

Development Multifamily New York Northeast

Charney, Tavros Begin Leasing 260-Unit Apartment Building in Brooklyn

by Taylor Williams July 9, 2026

NEW YORK CITY — A partnership between two locally based firms, Charney Cos. and Tavros, has begun leasing Douglass Port, a 260-unit apartment building in Brooklyn. The 15-story building is located at 251 Douglass St. within the partnership’s Gowanus Wharf development and includes 65 units that are earmarked as permanent affordable housing. Douglass Port offers studio, one-, two- and three-bedroom units and amenities such as a smart package room, fitness center, full-court basketball court, coworking and resident lounges, a family room, kid’s play area and a landscaped rooftop terrace. Rents start at $3,250 per month for a studio apartment.

July 9, 2026

Illinois Loans Midwest Multifamily

JLL Arranges $124.6M Refinancing for Luxury Apartment Tower in Chicago

by Kristin Harlow July 9, 2026

CHICAGO — JLL Capital Markets has arranged a $124.6 million refinancing for Arthur on Aberdeen, a newly stabilized luxury apartment tower in Chicago’s Fulton Market neighborhood. Located at 210 N. Aberdeen St., the property rises 18 stories with 363 units. Delivered in 2024, the asset is 92 percent occupied. Amenities include a rooftop pool and spa, a fitness center spanning more than 2,000 square feet, a podcasting studio and coworking spaces. The community also includes roughly 10,000 square feet of fully leased ground-floor retail space. Danny Kaufman, Medina Spiodic, Rebecca Mitchell, Merrick Evans and Annie Thomas of JLL represented the borrower, LG Development Group LLC, in arranging the three-year, floating-rate loan through Pacific Life Insurance Co.

July 9, 2026

Loans Midwest Multifamily Wisconsin

Priority Capital Advisory Secures $11.5M Loan for Recapitalization of Wisconsin Multifamily Property

by Kristin Harlow July 9, 2026

MADISON, WIS. — Priority Capital Advisory has secured an $11.5 million senior loan on behalf of REALM and OTR Real Estate for the recapitalization of Vivo Madison, a 153-unit multifamily property located at 517 Grand Canyon Drive in Madison. The joint venture acquired the property, which was a Radisson hotel at the time of acquisition, in April 2023 and converted the hotel into a multifamily asset. The main scope of work included adding kitchenettes in all units and building out common area amenities. The property received its multifamily Certificate of Occupancy in January 2026 and is currently 56 percent leased, with full occupancy anticipated by the end of this year. Vivo Madison features 147 studios and six one-bedroom units. Amenities include a clubhouse, indoor pool, fitness center, game room, coworking space, laundry facilities and outdoor lounge areas. The two-story asset is situated on 4.5 acres adjacent to University Research Park, a 1.8 million-square-foot life sciences and technology corporate campus. It is also a 10-minute drive from the University of Wisconsin-Madison and is within walking distance of West Towne Mall.

July 9, 2026

Acquisitions Multifamily Southeast Virginia

Berkadia Negotiates Sale of 20-Story High-Rise Apartment Tower in Arlington, Virginia

by John Nelson July 9, 2026

ARLINGTON, VA. — Berkadia has negotiated the sale of The Commodore, a 20-story high-rise apartment tower located at 2055 15th St. N in Arlington. GID purchased the community for an undisclosed price. Brian Crivella, Yalda Ghamarian, Bill Gribbin and Jack Canepa of Berkadia represented the seller, Charleston-based Greystar, in the transaction. Built in 2023 in Arlington’s Court House neighborhood, The Commodore features 423 luxury apartments and 18,461 square feet of ground-level retail space. Units come in studio, junior one-bedroom, one-bedroom, junior two-bedroom, two-bedroom, two-bedroom den and penthouse layouts. Amenities include a clubroom, demonstration kitchen, coworking spaces, fitness center and yoga studio, children’s art studio, pet spa, resort-style pool, rooftop terrace, landscaped courtyards and multiple indoor-outdoor gathering spaces.

July 9, 2026

Development District of Columbia Multifamily Southeast

NMHC Survey: Builders, Developers Optimistic About Long-Term Multifamily Construction Activity

by John Nelson July 9, 2026

WASHINGTON, D.C. — Multifamily developers and construction firms surveyed by the NMHC are optimistic about long-term multifamily construction conditions. According to results of the June 2026 NMHC Quarterly Survey of Apartment Construction & Development Activity, 46 percent of respondents expect conditions to improve (or easier to build) over the next six to 12 months compared to 14 percent of survey takers who expect conditions to worsen. The rest of the respondents either chose conditions to remain the same (35 percent) or “don’t know” (5 percent). The optimism from the second-quarter survey could be in part due to the availability of financing. Fifty-one percent of survey takers expect equity to become more available (compared to 10 percent expecting equity to become less available) over the next six to 12 months, and 28 percent expecting debt financing to become more available (compared to 7 percent expecting debt financing to become less available). While the survey takers were overall hopeful, they are wary of rising construction costs. A majority of respondents (51 percent) expect material costs to rise in line with inflation over the next six to 12 months, while 27 percent expect material costs to increase faster than the rate of inflation. …

July 9, 2026

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