Multifamily

HTG, AM Affordable Housing Open 81-Unit Seniors Housing Community in Crystal River, Florida

by John Nelson November 12, 2025

CRYSTAL RIVER, FLA. — Affordable housing developers Housing Trust Group (HTG) and AM Affordable Housing have partnered to deliver The Fountains at Hidden Lake, an 81-unit affordable seniors housing community located at 10456 W. Ashburn Lane in Crystal River. The $24.5 million community was fully occupied at the grand opening to households age 62 and older who earn at or below 30, 40 and 60 percent of the area median income (AMI). Situated on 7 acres in west Florida, The Fountains at Hidden Lake includes 61 one-bedroom and 20 two-bedroom apartments ranging in size from 645 to 952 square feet. Amenities include a resort-style swimming pool, horseshoe court, fitness center, dog park and a multipurpose community room. Programming for the senior residents will include regular wellness check-ins, light housekeeping, grocery and laundry assistance and a calendar of community events and activities. Public and private funding sources for the project included $20.4 million in 9 percent Low-Income Housing Tax Credits (LIHTC) allocated by the Florida Housing Finance Corp. and syndicated by City Real Estate Advisors; an $18.5 million construction loan and $4.15 million permanent loan from KeyBank Real Estate Capital; and a $340,000 loan from the City of Crystal River. The …

November 12, 2025

Affordable Housing Development Multifamily Northeast Pennsylvania

Tryko Partners to Develop 48-Unit Affordable Housing Project in Pittsburgh

by Taylor Williams November 12, 2025

PITTSBURGH — New Jersey-based Tryko Partners will develop a 48-unit affordable housing project in Pittsburgh’s West End neighborhood. Hill Top Villas will be an age-restricted complex in which the majority (40) of the one-bedroom units will be reserved for households earning 60 percent or less of the area median income. Amenities will include a fitness center and a community room. Tryko Partners has received 9 percent Low-Income Housing Tax Credits to finance the project, and construction could begin as early as 2027.

November 12, 2025

Acquisitions Florida Georgia Multifamily North Carolina Northeast Oregon Pennsylvania Southeast Student Housing Texas Top Stories Virginia Western

Morgan Stanley, GSA Acquire Eight-Property Student Housing Portfolio Valued at $1B

by Kristin Harlow November 12, 2025

NEW YORK CITY — Morgan Stanley Real Estate Investing (MSREI) and Global Student Accommodation (GSA) have acquired a portfolio of eight student housing assets in Tier 1 U.S. university markets from a joint venture between a wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA) and Landmark Properties. The transaction is valued at more than $1 billion. The properties are located across seven states and offer a mix of cottage-style, high-rise and mid-rise formats. The 6,200-bed portfolio is nearly fully leased. Global student housing operator Yugo will manage and rebrand the newly acquired assets. The assets in the sold portfolio include: The acquisition marks the partnership’s entrance into new markets in Virginia, Georgia and Pennsylvania, while expanding its presence in Texas, Florida, Oregon and North Carolina. Through its partnership, MSREI and GSA now own nearly 24,000 student housing beds across 50 properties in 23 states. “This acquisition is testament to the depth of our global teams, our access to unique opportunities and the strength of our institutional relationships in the United States and globally. An off-market portfolio of this size and quality is rare, and demonstrates our experience and expertise in the student housing market,” says Nicholas Porter, CEO at …

November 12, 2025

Market Reports Multifamily Nevada Western Western Market Reports

Reno’s New Multifamily Supply Boosts Market Fundamentals

by John Nelson November 12, 2025

— By Ben Galles of CBRE — The Reno multifamily market started 2025 with a large supply of new Class A units that was delivered in the fourth quarter of last year. Despite some market challenges, leasing activity of the new supply has gone well, given the limited construction pipeline. There are currently fewer than 700 market-rate units under construction, with very few projects moving forward and starting construction. The constrained development pipeline will likely lead to a significant decrease in vacancy in the second half of 2026 and beyond. This should also start to push rental rates higher, which have been static or slightly down for most of the year, as many owners have offered rent concessions to lock in new tenants. While future market fundamentals are promising, many buyers remained on the sidelines because most deals have been presented at negative leverage. The average price per unit in 2025 (year to date) is down about 22 percent, while the price per square foot is down about 16 percent (year to date) from the previous year. This is due to a few things. First, there was an increase in the number of Class B and C assets that traded …

November 12, 2025

Acquisitions Multifamily Texas

TruAmerica Multifamily Buys 216-Unit Ravello Stonebriar Apartments in Frisco

by Taylor Williams November 11, 2025

FRISCO, TEXAS — Los Angeles-based investment firm TruAmerica Multifamily has purchased Ravello Stonebriar, a 216-unit apartment complex in Frisco. Built in 2018, the property offers one- and two-bedroom units and amenities such as a pool, game room, fitness center, lounge, outdoor theater, grilling stations and pet care facilities. Daniel Baker, Kevin O’Boyle and Chandler Sims of CBRE represented the undisclosed seller in the transaction.

November 11, 2025

Acquisitions Multifamily Southeast Virginia

Harbor Group Buys Virginia Beach Apartments for $86M

by John Nelson November 11, 2025

VIRGINIA BEACH, VA. — Affiliates of Norfolk, Va.-based Harbor Group International (HGI) have acquired Reflections at Virginia Beach for $86 million. The 480-unit, garden-style property was built in 1986 and spans 19 two- and three-story buildings across 30 acres. Units are offered as one- and two-bedroom floorplans. The seller was not disclosed. A $7 million renovation was recently completed at Reflections at Virginia Beach, updating amenities including a clubhouse, outdoor pool, 24-hour fitness center, business center with meeting rooms and outdoor grilling stations.

November 11, 2025

Development Multifamily New Jersey Northeast

BLDG Management Unveils Plans for 1,300-Unit Multifamily Project in Jersey City

by Taylor Williams November 11, 2025

JERSEY CITY, N.J. — New York City-based developer BLDG Management has unveiled plans for a 1,300-unit proposed multifamily project at 100 Bay Street in Jersey City. Designed by Pelli Clarke & Partners, the project concept centers on a single residential building that will feature two towers — rising 90 and 40 stories — on a podium base and connected by a 40th floor sky bridge. In addition, the plan for 100 Bay Street includes a 20 percent affordable housing component as well as approximately 29,000 square feet of indoor and outdoor retail space at the ground level. Lastly, the design implements previously approved elements required by Jersey City for this site, pursuant to a development agreement with the property owner, which was approved in a federal court consent order.

November 11, 2025

Acquisitions Multifamily Washington Western

Jackson Square Properties Disposes of Multifamily Community in Silverdale, Washington for $79.5M

by Amy Works November 11, 2025

SILVERDALE, WASH. — Jackson Square Properties has completed the disposition of Cascade Ridge, a garden-style apartment property in Silverdale, to an undisclosed buyer for $79.5 million. Situated on 16.5 acres at 1206 N.W. Tahoe Lane, Cascade Ridge features 270 one-, two- and three-bedroom apartments, including townhome-style units. Originally constructed in 1992, the property offers low-density living at 16 units per acre. Community amenities include a swimming pool, clubhouse, fitness center with a climbing wall, package lockers and a dog park. Eli Hanacek, Mark Washington, Kyle Yamamoto and Natalie Kasper of CBRE represented the seller in the deal.

November 11, 2025

Acquisitions California Multifamily Western

Ballast Acquires Grosvenor Court Apartments in San Francisco for $31.9M

by Amy Works November 11, 2025

SAN FRANCISCO — Ballast has purchased Grosvenor Court Apartments, a multifamily community located at 2055 Sacramento St. in San Francisco, from an undisclosed seller for $31.9 million, or $370,930 per unit. Situated across from Lafayette Park in Pacific Heights, Grosvenor Court offers 86 apartments and recent upgrades, including electrical modernization, exterior painting and a new fire alarm system.

November 11, 2025

Acquisitions Colorado Multifamily Seniors Housing Western

Kiser Group Brokers $13M Sale of Skilled Nursing Facility Near Colorado Springs

by Amy Works November 11, 2025

WOODLAND PARK, COLO. — Kiser Group has brokered the $13 million sale of a skilled nursing facility located in Woodland Park, roughly 20 miles northwest of Colorado Springs. The property, Forest Ridge, was 95 percent occupied at the time of sale. Cottonwood acquired the facility, adding to its portfolio of more than 30 skilled nursing properties in the state. Mark Myers of Kiser Group arranged the transaction. “Forest Ridge was an appealing opportunity because it aligns perfectly with Cottonwood’s strategy of acquiring quality, well-located facilities in markets with strong operational fundamentals,” says Myers. “The facility’s proximity to a 15-bed critical access hospital and its location within a community with a significant veterans population provide strong upside potential for expanding both veterans affairs (VA) and Medicare resident bases.”

November 11, 2025

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