Wednesday, April 8, 2026
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Multifamily

Affordable HousingDevelopmentLoansMultifamilySouth CarolinaSoutheastWalker & Dunlop

Walker & Dunlop Arranges $62M Construction Financing for Multifamily Development in Columbia, South Carolina

by John Nelson

COLUMBIA, S.C. — Walker & Dunlop has arranged $62 million in debt and equity financing for the construction of Burnside Farms Apartments, a new 308-unit multifamily development in Columbia. The borrowers, South Coast Property Investments and Abacus Capital, plan to break ground in June. Jamie Butler, Cliff Ayers, Michael Bowles and Jason McFadden of Walker & Dunlop arranged the non-recourse financing on behalf of the borrowers. The apartment community will feature a mix of market-rate and affordable housing units. The property will be situated at the intersection of Cliff Kinder and Pineview roads within the larger Burnside Farms master-planned community.

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DevelopmentGeorgiaMultifamilySoutheast

SHR Resi Delivers 212-Unit Howell Apartments in Atlanta’s Upper Westside District

by John Nelson

ATLANTA — SHR Resi, a wholly owned subsidiary of local development firm Songy Highroads, has delivered The Howell, a 212-unit luxury apartment community in Atlanta’s Upper Westside neighborhood. Situated off the I-75 exit along Howell Mill Road, The Howell features a mix of one-, two- and three-bedroom apartments with 9- to 12-foot ceilings and open floor plans. Monthly rental rates start at $1,890, according to Apartments.com. Amenities include an open-air lounge on the seventh floor, 3,500 square feet of ground-level retail space, coworking space, a resort-style pool and pool deck, clubhouse, pet run and pet spa, fitness center and a gated and covered parking garage. Gables Residential is managing The Howell on behalf of SHR Resi.

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AcquisitionsAlabamaSoutheastStudent Housing

Muinzer, T2 Capital Management Acquire 486-Bed Student Housing Community Near Auburn University

by John Nelson

AUBURN, ALA. — Muinzer, alongside capital partner T2 Capital Management, has acquired Evergreen Auburn, a 486-bed student housing community located near Auburn University in Alabama. The property was recently renovated and offers units in one-, two- and four-bedroom configurations. Shared amenities include a 24-hour fitness center, swimming pool, computer lounge, clubhouse, dog park, hot tub, fire pit and a coffee bar. The student housing community is 88 percent preleased for the 2024-2025 academic year. Terms of the transaction and the seller were not disclosed.

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The-District-at-SoCo-Austin
LoansMultifamilyNorthmarqTexas

Northmarq Provides $23.6M Agency Acquisition Loan for Austin Apartment Complex

by Taylor Williams

AUSTIN, TEXAS — Northmarq has provided a $23.6 million Fannie Mae acquisition loan for The District at SoCo, a 215-unit apartment complex in Austin. The site at 501 E. Oltorf St. is located near the downtown area. The District at SoCo was built in 2012 and offers one- and two-bedroom units and amenities such as a pool, fitness center, outdoor kitchen and a dog park. Jesse Lemos of Northmarq originated the five-year, interest-only loan on behalf of the undisclosed borrower.

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DevelopmentMultifamilyTexas

Birge & Held, Pedcor Unveil $7M Renovation of Affordable Housing Complex in Lubbock

by Taylor Williams

LUBBOCK, TEXAS — Indianapolis-based development and investment firm Birge & Held Asset Management and Pedcor Management Corp. have unveiled the $7 million renovation of Cantibury Pointe Apartments, a 144-unit affordable housing complex in the West Texas city of Lubbock. The property offers 74 three-bedroom and 70 four-bedroom townhomes. The project team upgraded the amenity spaces, which include a pool, fitness center, business center and a clubhouse. Specific information on income restrictions was not disclosed.

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AcquisitionsMassachusettsMultifamilyNortheast

Adirondack Capital Partners Arranges $102.5M Sale of Multifamily Property in Westford, Massachusetts

by Taylor Williams

WESTFORD, MASS. — Regional brokerage firm Adirondack Capital Partners has arranged the $102.5 million sale of Abbot Mill, a 234-unit multifamily property in Westford, a northwestern suburb of Boston. The property, which represents Phase I of a larger project, is a redevelopment of a historic mill that was originally constructed in 1875, according to Apartments.com. The website also reports that Abbot Mill offers one- and two-bedroom units and amenities such as a fitness center, business center, clubhouse and a lounge. New York-based investment firm Aker acquired the property from an undisclosed local developer. Michael Hunter Coghill and David Johnson of Adirondack brokered the deal.

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DevelopmentMassachusettsMultifamilyNortheast

CC&F, Equity Residential to Develop 440-Unit Multifamily Project in Metro Boston

by Taylor Williams

WAKEFIELD, MASS. — A joint venture between locally based developer Cabot Cabot & Forbes (CC&F) and Equity Residential (NYSE: EQR) will develop 200 Quannapowitt, a 440-unit multifamily project in the northern Boston suburb of Wakefield. The property will offer one-, two- and three-bedroom units, 18 percent of which will be reserved as affordable housing. Amenities will include a pool, fitness center, clubhouse, outdoor grilling and dining stations, coworking space and nature trails. Brett Paulsrud, Andrew Gray and Mike Shepard of JLL structured the joint venture between the two firms.

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North-Chandler-Place-Chandler-AZ
AcquisitionsArizonaMultifamilySeniors HousingWestern

SLIB Negotiates Sale of 198-Unit Seniors Housing Property in Chandler, Arizona

by Amy Works

CHANDLER, ARIZ. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of North Chandler Place, a 198-unit seniors housing property located in the Phoenix suburb of Chandler. Built in 1966 on 15.2 acres and expanded in 2002 and 2007, the property consists of 119 independent living units, 16 assisted living units, 28 memory care residences and 35 skilled nursing residences. The seller was a group of investors that will reinvest the proceeds in other core assets in the portfolios. The buyer is a national, publicly traded company that plans to implement capital improvements. Both parties requested anonymity. Jason Punzel, Nick Cacciabando, Ryan Saul and Brad Goodsell of SLIB handled the transaction.

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LoansMichiganMidwestMultifamily

Bernard Financial Group Arranges $3.8M Loan for Refinancing of Multifamily Property in Detroit

by Kristin Harlow

DETROIT — Bernard Financial Group (BFG) has arranged a $3.8 million loan for the refinancing of a 142-unit multifamily property in Detroit. Dennis Bernard and Joshua Bernard of BFG arranged the loan on behalf of the borrower, Cityside Owner LLC. Genworth Life and Annuity Insurance Co. provided the loan.

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Canoga-Park-Apts-Los-Angeles-CA
AcquisitionsAffordable HousingCaliforniaMultifamilyWestern

Community Preservation Partners Acquires Affordable Housing Complex in Los Angeles

by Amy Works

LOS ANGELES — Community Preservation Partners (CPP) has acquired Canoga Park Apartments, a 14-unit affordable housing complex in Los Angeles, for $6 million. Built in 1983, the three-story building features 12 two-bedroom units and two three-bedroom apartments that are reserved for households earning 60 percent or less of the area median income. CPP’s total development investment is approximately $11.3 million, which includes the purchase price and an estimated per-unit renovation cost of $142,000. Renovations will includes replacement of HVAC systems, water heaters, lighting, appliances, interior and exterior paint, countertops, cabinetry, flooring and seismic upgrades, along with ADA-compliance upgrades throughout the property. Renovations are slated for completion by December. Partners on the project include the California Tax Credit Allocation Committee, which issued 9 percent Federal Low-Income Housing Tax Credits and CA State Low-Income Housing Tax Credits. WNC & Associates will be providing the tax credits.

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