Multifamily

JLL Brokers Sale of 345-Unit Thunderbird Senior Living Community in Glendale, Arizona

by Amy Works January 6, 2026

GLENDALE, ARIZ. — JLL Capital Markets has arranged the sale of Thunderbird Senior Living, a seniors housing community in Glendale. Terms of the transaction were not disclosed. JLL’s Seniors Housing Capital Markets team represented the undisclosed seller and procured the undisclosed buyer in the deal. Most recently renovated in 2018, Thunderbird Senior Living consists of 13 interconnected three-story buildings offering 285 independent living, 40 assisted living and 20 memory care units. All residences include a dedicated kitchen, private bathrooms and bedrooms. Community amenities include an art room, beauty salon/barber shop, bistro, game room, heated outdoor pool, library, living room/lounges, nature trails, sun decks and a theater. Stellar Senior Living will continue to operate the property, which is situated on 7.8 acres at 5401 W. Dailey St.

January 6, 2026

Acquisitions California Multifamily Seniors Housing Western

Sunny Hills Management Co. Buys 168-Unit Seniors Housing Property in Southern California

by Amy Works January 6, 2026

CARLSBAD, CALIF. — Sunny Hills Management Co. has acquired Laguna Estates Senior Living, a 168-unit seniors housing property located in Carlsbad, an affluent coastal city in southern California. The seller and sales price were not disclosed. Laguna Estates features a mix of assisted living and memory care units across four buildings. Amenities at the community include an activity room, salon, billiards room, fitness center, movie room, piano room, putting green and swimming pool. Aaron Rosenzweig and Dan Baker of JLL Capital Markets arranged the sale on behalf of the seller.

January 6, 2026

Acquisitions Midwest Missouri Multifamily

Greyhill Group Buys Westminster Place Apartments in St. Louis for $38.2M

by Kristin Harlow January 6, 2026

ST. LOUIS — Greyhill Group has purchased Westminster Place Apartments, a 337-unit multifamily property located at 4005 Westminster Place in St. Louis, for $38.2 million. Built during the 1980s to 1990s, the community was 96 percent occupied at the time of sale. Greyhill plans to make improvements to the property and hold it for the long term. The acquisition marks Greyhill’s expansion into its ninth state.

January 6, 2026

Acquisitions Content Partner Features Loans Midwest Multifamily Northeast Regions Real Estate Capital Markets Southeast Western

Navigating Fannie Mae, Freddie Mac Small Balance Multifamily Loan Programs

by Sarah Daniels January 6, 2026

By Ann Atkinson, Regions Real Estate Capital Markets Most multifamily real estate owners need to finance or refinance their apartment community at some point. Many utilize the small balance multifamily loan programs available through Fannie Mae and Freddie Mac to do so. Understanding how lenders navigate each phase of the loan cycle can give owners a strategic advantage, especially in a time of elevated rate volatility. A significant amount of multifamily debt is maturing in 2026. Borrowers should not wait to refinance to avoid the concentrated competition later in the year when lenders are faced with refinancing demand. In addition, modest rent growth today offers refinancing upside; and finally, Fannie Mae and Freddie Mac have higher production caps in 2026, providing more runway for lending. The following overview, based on Regions Real Estate Capital Markets’ experience, outlines five key phases of the process, with helpful tips throughout: 1. Screening and Term Sheet Loan screening kicks off the relationship between borrower and lender. The lender’s production representative often conducts an introductory call with the borrower, who completes an application and provides due diligence items. Access a checklist of items to provide to Regions for screening here. Tip #1: Get all required (and …

January 6, 2026

Development Multifamily Texas

Morgan Breaks Ground on 376-Unit Multifamily Project in Sugar Land, Texas

by Taylor Williams January 5, 2026

SUGAR LAND, TEXAS — Morgan, a Philadelphia-based developer, has broken ground on Pearl Lake Pointe, a 376-unit multifamily project in Sugar Land, located southwest of Houston. The five-story building will feature 9,940 square feet of commercial space and a six-story parking garage. Amenities will include a pool, fitness center, golf simulator, sky lounge and a café. Texas Capital Bank is financing construction of the 6.5-acre project, the first units of which are expected to be available for occupancy in mid-2027.

January 5, 2026

Acquisitions California Multifamily Western

A.G. Spanos Sells Two Apartment Communities in Sacramento to Jackson Square Properties for $161.5M

by Amy Works January 5, 2026

SACRAMENTO, CALIF. — A.G. Spanos has completed the sale of Zeta Luxury Apartments and Solasta Luxury Apartments, a multifamily portfolio in Sacramento, to Jackson Square Properties for $161.5 million. Marc Ross, Joe McNamara and Claire Holt of CBRE represented the seller in the transaction. A.G. Spanos developed the properties in 2024. Located at 3761 E. Commerce Way, Zeta Luxury Apartments features 270 studio, one- and two-bedroom apartments, a resort-style saltwater pool, 24-hour athletic center, pickleball courts and a luxury clubhouse with gaming tables, a movie lounge, demonstration kitchen, gourmet coffee bar, beer and wine on tap and private work areas. Located at 7606 Klotz Ranch Court, Solasta Luxury Apartments offers 266 one-, two- and three-bedroom floor plans, a heated saltwater swimming pool, rooftop deck with a fireplace and outdoor TVs and an upscale resident lounge with gaming tables and a demonstration kitchen.

January 5, 2026

Acquisitions Multifamily Oregon Western

HFO Investment Real Estate Brokers $7.2M Sale of Multifamily Community in Salem, Oregon

by Amy Works January 5, 2026

SALEM, ORE. — HFO Investment Real Estate has directed the sale of Battle Creek Lodges, an apartment property in Salem’s South Gateway neighborhood. An investment group acquired the asset from an undisclosed seller for $7.2 million. Battle Creek Lodge features 56 two-bedroom apartments averaging 1,000 square feet. Community amenities include a seasonal pool, tennis court, picnic areas and fireplaces. Greg Frick and Adam Smith of HFO represented both the seller and buyer in the deal.

January 5, 2026

Acquisitions Florida Multifamily Southeast

CBRE Brokers Sale of 400-Unit Pier 5350 Apartments in Jacksonville

by John Nelson January 5, 2026

JACKSONVILLE, FLA. — CBRE has brokered the sale of Pier 5350, a 400-unit apartment community located at 5350 Arlington Expressway in Jacksonville. The waterfront property sits on 22 acres directly across the St. Johns River from downtown Jacksonville. Locally based GMC Properties purchased the community from Atlas Real Estate Partners for an undisclosed price. John Rutherford and Luke McCann of CBRE represented both parties in the transaction. Pier 5350 comprises studio, one-, two- and three-bedroom apartments within 46 residential buildings. The property has recently undergone a $14 million capital improvement plan, with updates made to unit interiors, the pool, waterfront clubhouse, fitness center, picnic areas and the community’s private fishing dock.

January 5, 2026

Acquisitions Indiana Midwest Multifamily Student Housing

Inland, Scion Buy 489-Bed Student Housing Community at Purdue University in Indiana

by Kristin Harlow January 5, 2026

WEST LAFAYETTE, IND. — Inland Real Estate Acquisitions LLC and The Scion Group have purchased Fuse, a 489-bed student housing community located directly across the street from Purdue University’s Mackey Arena and Ross-Ade Stadium in West Lafayette. The property at 720 Northwestern Ave. rises five stories with 229 units. Amenities include a clubhouse, game room, yoga and dance studio, terrace and outdoor lounge, a fitness center and business center with private study rooms. The buyers acquired the property as part of a portfolio with two other communities in Waco, Texas, and Charlottesville, Va. Mark Cosenza and David Neboyskey of Inland completed the transaction on behalf of an Inland affiliate. TSB Capital Advisors consulted for the buyers and TSB Realty represented the sellers. Walker & Dunlop arranged fixed-rate loans for the portfolio through Freddie Mac.

January 5, 2026

Acquisitions Illinois Midwest Multifamily

S2 Capital Acquires 344-Unit Ovaltine Apartments in Villa Park, Illinois

by Kristin Harlow January 5, 2026

VILLA PARK, ILL. — S2 Capital has acquired Ovaltine Apartments, a 344-unit multifamily property in the western Chicago suburb of Villa Park. The acquisition marks the firm’s first investment in the greater Chicago area. Originally converted from the historic Ovaltine chocolate factory in 2001, Ovaltine Apartments offers loft-style units. The property’s average occupancy has remained above 95 percent since January 2024. Approximately 98 percent of the units remain unrenovated or only partially upgraded, providing S2 the opportunity to execute a comprehensive renovation plan. S2 acquired the asset through its S2 Real Estate Fund II.

January 5, 2026

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