Property Type

Kansas City Symphony to Develop New Live Music Venue in South Plaza District

by Kristin Harlow March 31, 2026

KANSAS CITY, MO. — The Kansas City Symphony has unveiled plans to develop a new live music venue in the city’s South Plaza district. The indoor venue, designed for audiences of up to 4,600 guests and targeted to open in 2028, will host touring artists across genres and support a limited number of Symphony performances that benefit from amplified or enhanced production formats. The project will also be designed to support the live performance of films with orchestra, which regularly rank among the Symphony’s most in-demand offerings. Populous and McCownGordon are the project’s design and construction build teams, respectively. The development at 4901 Main St. will be walkable to the Country Club Plaza. While Helzberg Hall at the Kauffman Center will remain the definitive orchestral home of the Symphony, the new venue will expand its reach. Managed by Music and Event Management Inc. (MEMI), the property will host over 100 annual events. The Symphony will wholly own the new venue and will contract with MEMI to operate it. MEMI, a subsidiary of the Cincinnati Symphony Orchestra, has measured a growing demand from artists and audiences for 4,000 to 6,000-seat venues that hit a “sweet spot” between intimate experience and major …

March 31, 2026

Loans Midwest Minnesota Multifamily Seniors Housing

Greystone Provides $46.7M Refinancing for Minnesota Seniors Housing Portfolio

by Kristin Harlow March 31, 2026

MINNESOTA — Greystone has provided a $46.7 million bridge-to-HUD loan for the refinancing of a five-property seniors housing portfolio totaling 153 beds in Minnesota. David Young of Greystone originated the financing with assistance from colleagues Chris Clare, Ryan Harkins, Ben Rubin, Parker Nielsen and Liam Gallagher. The properties, consisting of 97 assisted living and 56 memory care beds, are located throughout the metro Twin Cities and are managed by a regional seniors housing provider. Structured as a 24-month, interest-only bridge loan with two six-month extension options, the financing enables the borrower to refinance existing bond debt and positions the portfolio for permanent HUD financing, according to Greystone.

March 31, 2026

Acquisitions Illinois Midwest Multifamily

Interra Realty Brokers $10.5M Sale of Apartment Building in Chicago’s Logan Square

by Kristin Harlow March 31, 2026

CHICAGO — Interra Realty has brokered the $10.5 million sale of Logan Station, a 24-unit apartment building in Chicago’s Logan Square neighborhood. Built in 2007, the property was fully occupied at the time of sale. Units average 1,500 square feet. Joe Smazal and Mark Dykstra of Interra represented the confidential seller and procured the buyer, Breneman Capital, which plans to implement a light value-add program to interiors.

March 31, 2026

Acquisitions Illinois Midwest Retail

Transwestern Negotiates $2.3M Sale of Vacant Building in Chicago’s River North

by Kristin Harlow March 31, 2026

CHICAGO — Transwestern has negotiated the sale of a vacant, single-story building totaling 5,370 square feet in Chicago’s River North. The property at 625 N. Kingsbury St. sold for $2.3 million. David Kimball of Transwestern represented the seller, an entity controlled by Urban Innovations. Mark Kishtow of Jameson Commercial represented the buyer, a local private investor who plans to convert the property into a Top Dog Daycare & Hotel opening this summer. The transaction also includes an adjacent 24-space surface parking lot. Originally designed and developed in 1997 by Chicago architect Stanley Tigerman, the building features a column-free interior, exposed timber truss construction and ceiling heights exceeding 21 feet at the center.

March 31, 2026

Features Heartland Feature Archive Multifamily Seniors Housing

Seniors Housing Industry Faces Predicament of Strong Demand, Limited Supply

by Kristin Harlow March 31, 2026

Supply and demand dynamics within the seniors housing sector are at a crossroads, according to the Emerging Trends in Real Estate 2026 report produced by PwC and the Urban Land Institute. Like most commercial real estate property types, new supply is constrained due to increasing financing and construction costs. However, demand for senior living units continues to grow. According to the report, factors driving demand for seniors housing include a rapidly growing older adult population and an increase in older adults renting. The 75-plus age category is expected to grow by more than 4 million people by 2030, according to U.S. Census Bureau projections. The oldest baby boomers turn 80 in 2026. The National Investment Center for Seniors Housing & Care (NIC) expects that the limited new supply and steady demand will drive the average seniors housing occupancy rate above 90 percent in 2026, potentially reaching the highest occupancy rate reported in the 20 years that NIC MAP has tracked this data. Investors are poised to achieve strong returns. The National Council of Real Estate Investment Fiduciaries (NCREIF), which tracks the performance of institutional-grade U.S. commercial real estate, reports that seniors housing strongly outperformed all other property sectors in 2025, …

March 31, 2026

Acquisitions Affordable Housing Company News Florida Multifamily North Carolina Southeast Top Stories

Sun Life to Acquire Bell Partners, Combine With BGO Following Buy-Out of Remaining Equity Stake

by John Nelson March 31, 2026

TORONTO, MIAMI AND GREENSBORO, N.C. — Sun Life Financial Inc. (NYSE: SLF), a Toronto-based financial services organization with $1.6 trillion in assets under management as of year-end 2025, has announced it will acquire Bell Partners, a multifamily investment and management firm based in Greensboro. The acquisition was valued at $350 million and is expected to grow Sun Life’s U.S. multifamily segment. Founded in 1976, Bell Partners has approximately $10 billion of assets under management as of March 1 and manages approximately 70,000 apartments in 12 regions across the United States. The firm operates nine U.S. offices and has close to 1,800 employees. Last year, Bell Partners closed more than $1.3 billion in multifamily acquisitions. “This opportunity will extend Bell’s operating and investment expertise across a larger residential platform and strengthen our depth and reach,” says Lili Dunn, CEO and president of Bell Partners. “It is a natural step in our evolution, preserving the essence of what has made us successful, while also opening new opportunities for the future.” In a separate transaction, Sun Life acquired the remaining 44 percent equity stake of Miami-based BGO, a global real estate investment management firm formerly known as BentallGreenOak, in a deal valued at …

March 31, 2026

Conference Coverage Industrial Market Reports Texas Texas Market Reports

InterFace Panel: Oversupply in Austin Industrial Market Is Real, But Complicated

by Taylor Williams March 31, 2026

AUSTIN, TEXAS — By any objective, outside-looking-in metric, the Austin industrial market is currently overbuilt, but brokers who are on the inside looking out say that the narrative is more nuanced than the numbers suggest. According to CBRE’s fourth-quarter 2025 market report, the marketwide vacancy rate was 20.4 percent at the end of last year, which represented a 10.9 percent increase from the third quarter of 2025. Approximately 3.4 million square feet of new space was delivered in the fourth quarter as part of 9.5 million square feet of new construction that came on line year-to-date, per CBRE, while fourth-quarter net absorption was less than 500,000 square feet. Qualitatively, the report concluded that the year-end vacancy rate was “an all-time high,” while 2025 was “one of the busiest years for development in market history.” The Austin industrial market has traditionally differed from those of its sprawling Texas counterparts — Dallas-Fort Worth (DFW) and Houston — which have seen numerous massive projects built and absorbed over the past decade. Industrial deals and projects in the state capital have historically trended smaller, though that has changed somewhat in recent years as two tech giants — Tesla and Samsung — have planted massive …

March 31, 2026

Acquisitions Multifamily Student Housing Texas

Joint Venture Acquires 243-Bed Student Housing Community Near University of Texas at Austin

by Taylor Williams March 30, 2026

AUSTIN, TEXAS — A joint venture between Ascentris and Student Quarters has acquired Noble 2500, a 243-bed student housing community serving students at the University of Texas at Austin. Built in 2023, the property is located in Austin’s West Campus neighborhood and offers 118 fully furnished units in studio, one-, two-, three- and four-bedroom configurations with bed-to-bath parity. Shared amenities include study lounges, a courtyard pool, fitness center, yoga studio and a rooftop sky lounge. The new ownership plans to enhance the property’s common areas and implement operational improvements to boost leasing performance. The seller and sales price were not disclosed.

March 30, 2026

Build-to-Rent Development Single-Family Rental Texas

Trilogy Breaks Ground on 190-Unit Build-to-Rent Project in Northeast Austin

by Taylor Williams March 30, 2026

AUSTIN, TEXAS — Trilogy Investment Co., a residential developer based in metro Atlanta, has broken ground on REV3 at Walnut Creek, a 190-unit build-to-rent residential project in northeast Austin. The property will exclusively feature three-bedroom, townhome-style units with an average size of 1,493 square feet that will include a one-car attached garage. Leasing is anticipated to begin in the third quarter of 2027, with full completion slated for mid-2028.

March 30, 2026

Acquisitions Industrial Texas

Provident Sells 162,180 SF Industrial Facility in Southeast Houston

by Taylor Williams March 30, 2026

HOUSTON — Provident Industrial, a division of Dallas-based Provident, has sold a 162,180-square-foot industrial facility in southeast Houston. Red Bluff Distribution Center is located between I-45 and Beltway 8 and features 25 dock-high doors, two drive-in doors and parking for 90 cars and 36 trailers. The building was fully leased at the time of sale to Houston-based E320 Containers, a provider of packing products. The buyer and sales price were not disclosed.

March 30, 2026

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