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LAND O’ LAKES, FLA. — NexMetro has opened Avilla Silver Palm, a 180-home build-to-rent community in Land O’ Lakes, about 20 miles north of Tampa, Florida. This is NexMetro’s third… The post NexMetro Opens Third BTR Avilla Community in Metro Tampa appeared first on Multifamily & Affordable Housing Business .
CHARLOTTE, N.C. — Tishman Speyer has acquired Berkshire Dilworth, a 296-community in Charlotte. The purchase was completed with equity from a core-plus fund. The seller was Berkshire Residential. This marks… The post Tishman Speyer Acquires Charlotte Asset for $76.3M appeared first on Multifamily & Affordable…
BRANSON, MO. — On July 28, an entity doing business as 200 Bee Creek LLC acquired Bee Creek Apartments in Branson for $26.3 million. The property, located at 200 Buzz… The post LLC Buys Bee Creek in Branson, Missouri, for $26.3M appeared first on Multifamily & Affordable Housing Business .
ST. CLOUD, FLA. — Berkadia has arranged a $19.1 million loan for Miami-based Bayshore Investment Partners’ (BIP) acquisition of Ibis Park at Harmony West in St. Cloud, about 30 miles… The post Bayshore Investment Partners Acquires Metro Orlando BTR Development for $29.4M, Berkadia Arranges Acquisition Loan appeared…
PORTLAND, ORE. — JLL has arranged a $40.5 million refinancing loan for The Payton, a 162-unit Class A property in Portland’s Lloyd District area. San Diego-based ColRich is the borrower/owner.… The post ColRich Secures $40.5M Refinancing for Luxury Pacific Northwest Property appeared first on Multifamily &…
SUMNER, WASH. — Mesa West Capital has provided Timberlane Partners with a $52 million short-term, first-mortgage loan to refinance Sumner Mill Apartments, a 162-unit community in Sumner, about 40 miles… The post Mesa West Capital Originates $52M ReFi for Sumner Mill in Metro Seattle appeared first on Multifamily &…
GOLDEN, COLO. — Monarch Investment & Management Group has sold Fox Hill Apartments in Golden for $32 million. Sierra Parkway Communities was the buyer, and JLL arranged the transaction on… The post Monarch Sells Long-Held Colorado Asset Fox Hill for $32M appeared first on Multifamily & Affordable Housing Business .
MARINA DEL REY, CALIF. — An affiliate of San Francisco-based Jackson Square Properties has acquired Shores, a 544-unit community in Marina del Rey for $170 million. Law firm Cox, Castle… The post Jackson Square Acquires Marina del Rey Asset for $170M appeared first on Multifamily & Affordable Housing Business .
OLATHE, KAN. — Chicago-based 29th Street Capital has acquired Chestnut Heights Townhomes in Olathe. The 161-unit townhome community will be managed by 29th Street Living, the company’s property management division.… The post 29th Street Capital Buys BTR Property in Metro Kansas City appeared first on Multifamily &…
VANCOUVER, WASH. — JLL has arranged a $42 million Fannie Mae refinancing loan for Portola Bridge Creek, a 270-unit, garden-style community in Vancouver. The borrower was Irvine, California-based SB Real… The post JLL Arranges $42M Refinancing for Portola Bridge Creek in Vancouver, Washington appeared first on…
FORT WORTH, TEXAS — Concord Summit Capital has arranged a $50 million construction loan for a 268-unit project in Fort Worth. Summa Terra Ventures and M13 Construction were the borrowers.… The post Concord Summit Arranges $50M Construction Loan for 268-Unit Fort Worth Development appeared first on Multifamily &…
By Hollie Croft and Nicholas Heckman On July 11, the 21st Century ROAD to Housing Act became law, bringing about several changes designed to increase housing supply and affordability. Section… The post Institutional BTR Buyers Face New Federal Limits appeared first on Multifamily & Affordable Housing Business .
PLEASANTVILLE, N.Y. — IPA has arranged the sale of The Atwood, a 71-unit community in Pleasantville, about 32 miles north of Manhattan. Neither buyer, seller nor sales price was disclosed.… The post IPA Arranges Sale of The Atwood in Pleasantville, New York appeared first on Multifamily & Affordable Housing Business .
REVERE, MASS. — JLL has arranged a $67.3 million refinancing loan through Bridge Investment Group Holdings for Eliot on Ocean, a 194-unit waterfront property along Revere Beach in Revere, Massachusetts.… The post Invictus Obtains $67.3M Loan for Renovations to Metro Boston Beachfront Property appeared first on…
AUGUSTA, GA. — Berkadia has arranged the $40.6 million sale of MacArthur Park, a 290-unit garden-style community in Augusta. Christian DiCroce, Jim Sewell, Dave Lansbury, and Erika Maston of Berkadia… The post Berkadia Brokers $40.6M Trade in August, Georgia appeared first on Multifamily & Affordable Housing Business .
HOUSTON — Camden Property Trust (NYSE: CPT) has sold an 11-property, 3,620-unit apartment portfolio in Southern California for approximately $1.6 billion. The buyer was an investment entity managed by BlackRock… The post BlackRock Acquires 11-Property Camden Property Trust Portfolio for $1.6B appeared first on…
COLUMBUS, OHIO — The NRP Group has broken ground on OSU East, a 336-unit community in Northwest Columbus. The project is situated on a 27.5-acre site on West Dublin Granville… The post The NRP Group Breaks Ground on OSU East Alongside For-Sale Development in Columbus, Ohio appeared first on Multifamily & Affordable…
SYRACUSE, N.Y. — BFC Partners and SAA Canopy Group have obtained $269 in financing for the redevelopment of the Parkside Commons housing complex in Syracuse. The developers will deliver 393… The post BFC Partners and SAA Canopy Group Secure $269M to Finance Affordable Housing Redevelopment in Syracuse, New York…
RENO, NEV. — Newmark has arranged a $33.5 million Fannie Mae loan to refinance Ascent on Steamboat, a 204-unit community in Reno owned by Elan Multifamily Investments. Newmark’s Lowell Takahashi… The post Newmark Arranges $33.5M Fannie Mae Loan for Ascent on Steamboat in Reno, Nevada appeared first on Multifamily &…
By Hollie Croft and Nicholas Heckman On July 11, the 21st Century ROAD to Housing Act became law, bringing about several changes designed to increase housing supply and affordability. Section… The post Institutional Homebuyers Face New Federal Limits appeared first on Multifamily & Affordable Housing Business .
NAPLES, FLA. — The Inland Real Estate Group of Cos. has sold Orchid Run, a 282-unit property in Naples, to Cardone Capital, a Miami-based firm founded by real estate investor… The post Berkadia Arranges $89.8M Trade in Naples, Florida appeared first on Multifamily & Affordable Housing Business .
LAS VEGAS — CONAM Group, through its Strategic Investments Fund IV, has acquired Alicante Apartment Homes, a 232-unit community in Las Vegas’ Spring Valley submarket. The identity of the seller… The post CONAM Acquires 232-Unit Alicante Apartments in Las Vegas appeared first on Multifamily & Affordable Housing…
ATLANTA — The Atlanta Beltline, Pennrose, Radiant Development Partners and other project stakeholders broke ground Aug. 4 on Overlook at Garson, a 130-unit affordable housing community along the Atlanta Beltline’s… The post Atlanta Beltline Partners Break Ground on 130-Unit Affordable Community appeared first on…
MESA, ARIZ. — CBRE has arranged the $52.4 million sale of Avia 266. Beverly Hills, California-based Geringer Capital sold the 267-unit community in Mesa, which will be renamed The Remy,… The post Geringer Capital Sells Avia 266 in Metro Phoenix for $52.4M appeared first on Multifamily & Affordable Housing Business .
APEX, N.C. — Wood Partners and Marcus Partners have broken ground on Altera Heights in Apex. The 280-unit community is located at the intersection of Jenks and Wimberly roads and… The post Wood Partners, Marcus Partners Team up for Development in Raleigh-Durham Metro appeared first on Multifamily & Affordable…
HOUSTON — Camden Property Trust (NYSE: CPT) has sold an 11-property, 3,620-unit apartment portfolio in Southern California for approximately $1.6 billion. The buyer was a BlackRock-managed investment entity. According to… The post BlackRock Acquires 11-Property Camden Portfolio for $1.6B appeared first on…
ATLANTA — Capstone Building Corp. has completed construction of Herndon Square Phase II, a $57 million development that’s part of the larger Legacy at Herndon Square redevelopment in Atlanta’s Westside.… The post Construction Wraps on Phase II of Atlanta Public Housing Redevelopment appeared first on Multifamily &…
NEW YORK CITY — Walker & Dunlop has arranged a $137.5 million refinancing loan for 12 Halsey, a 240-unit mixed-income development in the Bedford-Stuyvesant neighborhood of Brooklyn. EJS Group and… The post EJS, Hope Street Secure $137.5M ReFi for Brooklyn Development appeared first on Multifamily & Affordable…
CHICAGO — Tree Street Group, along with partners Magellan Development Group and Mark Goodman & Associates, have begun construction of 410 N. Elizabeth, a two-tower high-rise community in Chicago’s Fulton… The post Tree Street Group, Partners Break Ground on Chicago High-Rise appeared first on Multifamily &…
CHICAGO — Related Midwest has begun leasing the north tower of 400 Lake Shore Drive, a 72-story community in Chicago’s Streeterville neighborhood. Full completion is slated for March 2027. The… The post Related Midwest Begins Leasing Chicago Tower appeared first on Multifamily & Affordable Housing Business .
WEST PALM BEACH, FLA. — Kamson Corp. has acquired the 400-unit Ponte Verde at Palm Beach Lakes in West Palm Beach for $90.5 million. The New Jersey-based buyer plans to… The post Kamson Corp. Buys Florida Condo Property for $90.5M, Plans Multifamily Conversion appeared first on Multifamily & Affordable Housing…
NEW YORK CITY — JPMorganChase has announced it will deploy $750 billion to support affordable housing production through 2035. Called the American Dream Initiative, the $750 billion commitment will serve… The post JPMorganChase Commits $750B to Increase Housing Supply appeared first on Multifamily & Affordable…
POMONA, CALIF. — Positive Investments has sold Terramonte at Foothill in Pomona to Sack Capital Partners for $36.7 million. IPA’s Kevin Green, Chris Zorbas, Joseph Grabiec, Alexander Garcia Jr. and… The post Inland Empire Asset Trades for $36.7M appeared first on Multifamily & Affordable Housing Business .
WESTFIELD, IND. — Locally based Hudson Investing has obtained financing to acquire Maple Knoll Apartments, a 300-unit community in the Indianapolis suburb of Westfield. Northmarq’s Annamarie Bjorklund and Cody Field… The post Hudson Investing Secures $52.1M in Debt and Equity to Acquire Metro Indianapolis Asset…
ST. CLOUD, FLA. — Adam America Real Estate and Stellar Communities have obtained a $35.1 million construction takeout loan for Havens at Hickory Reserve, a newly completed 134-unit townhome build-to-rent… The post Joint Venture Secures $35.1M Refinancing for Newly Completed BTR Project in Orlando Metro appeared…
SEATTLE — Nordic Real Estate has acquired Monticello, a 107-unit community at 415 Boren Ave. in Seattle’s First Hill neighborhood. Dylan Simon, Jerrid Anderson and JD Fuller of Kidder Mathews… The post Nordic Real Estate Buys Monticello in Seattle’s First Hill appeared first on Multifamily & Affordable Housing…
BUFFALO, N.Y. — The Habitat Co., along with partners Duvernay + Brooks and Bridges Development, an affiliate of the Buffalo Municipal Housing Authority, has started construction of the first phase… The post Habitat Starts Construction of First Phase of $600M Affordable Housing Redevelopment in Buffalo, New York…
FAIRBURN, GA. — Vida Cos., an Atlanta-based multifamily, mixed-use and build-to-rent developer, has broken ground on Verona, a 280-unit community in Fairburn, approximately 20 miles southwest of Atlanta. Verona will… The post Vida Cos. Developing Verona in Metro Atlanta appeared first on Multifamily & Affordable…
HIALEAH, FLA. — Baron Property Group (BPG) has closed on a $226.5 million refinancing for Metro Parc, a 559-unit development in Hialeah that is now 50 percent leased. The financing… The post Baron Property Group Lands $226.5M Refinancing for Miami Project appeared first on Multifamily & Affordable Housing Business .
FRANKLIN, TENN. — Waterton, a Chicago-based real estate investor and operator, has acquired Wyndchase Aspen Grove in Franklin. The Nashville Business Journal reports the sales prices was approximately $128 million… The post Waterton Buys Metro Nashville Asset for $128M appeared first on Multifamily & Affordable…
BIRMINGHAM, ALA. — Dobbins Group along with general contractor Capstone Building Corp., both locally based, have completed construction of Colina Hillside in Birmingham. The 475-unit property was designed by Williams… The post Dobbins Group, Capstone Building Corp. Complete Development of Colina Hillside in…
NEW YORK CITY — Eastman Residential and Triangle Capital Group have acquired a three-property portfolio of former student housing communities that will be converted to conventional multifamily assets. JLL arranged… The post JV Secures $38.4M to Acquire Three Former Student Housing Properties appeared first on…
BATON ROUGE, LA. — JLL Capital Markets has arranged a $42.8 million loan to refinance Bend on Bluebonnet, a 301-unit luxury community at 10231 Bluebonnet Blvd. in Baton Rouge. TWG… The post JLL Arranges $42.8M Refinancing for Bend on Bluebonnet in Baton Rouge appeared first on Multifamily & Affordable Housing…
LYNNWOOD, WASH. — Weidner Apartment Homes has sold A’Cappella Apartment Homes in Lynnwood for $112 million. The Puget Sound Business Journal identifies Pacific Urban Investors as the buyer. Kyle Yamamoto,… The post Weidner Sells Puget Sound Asset for $112M appeared first on Multifamily & Affordable Housing Business .
By Carl Malcolm and W. Brian Keith Across the United States, aging regional malls are entering a new phase in the evolution of suburban landscapes. Once designed as inward-facing retail… The post How Aging Malls are Being Transformed Into Mixed-Use Neighborhoods appeared first on Multifamily & Affordable Housing…
FONTANA, CALIF. — CBRE has brokered the sale of Cambria Villa Apartments, a 50-unit community at 1531 West Rialto Ave. in Fontana, about 7 miles west of San Bernardino. Eric… The post CBRE Brokers $12.3M Sale of Cambria Villa in Fontana, California appeared first on Multifamily & Affordable Housing Business .
HOUSTON — OHT Partners has broken ground on Park Row, a 360-unit community at 14192 Park Row Blvd. in Houston. Situated on 14 acres, Park Row will be comprised of… The post OHT Breaks Ground on Park Row in Houston appeared first on Multifamily & Affordable Housing Business .
ROCKLEDGE, FLA. — McDowell Housing Partners (MHP) has begun construction of Ekos at Rockledge Park, a $38.2 million, 100-unit affordable housing community in Rockledge. The property’s one-, two- and three-bedroom… The post McDowell Housing Partners Breaks Ground on $38.2M Affordable Housing Community in Rockledge,…
LOUISVILLE, KY. — Woda Cooper Cos. along with Goodwill Kentucky have begun development of Opportunity Village, a four-story, 76-unit affordable housing community on the Norton Healthcare Goodwill Opportunity Campus in… The post Woda Cooper Cos. Breaks Ground on Opportunity Village in Louisville, Kentucky appeared…
CONCORD, N.C. — Berkadia has arranged the sale of two properties in Concord, Meadow Creek Townhomes and Northway at Cabarrus. Thomas Colaiezzi, Caleb Troop, Matt Robertson and Drew Kwiatkowski of… The post Berkadia Arranges Two Trades in Concord, North Carolina appeared first on Multifamily & Affordable Housing…
PALM BAY, FLA. — Woodfield Development has completed and opened Tides at Palm Bay, a $100 million, 318-unit, mixed-use property in Palm Bay on Florida’s Space Coast. The community features… The post Woodfield Development Opens $100M Luxury Mixed-Use Project on Florida’s Space Coast appeared first on Multifamily &…
CHICAGO — Associated Bank has provided a $29.4 million loan to a joint venture of North Park Ventures and SNS Realty Group for the development of a transit-oriented project at… The post Associated Bank Supplies $29.4M Acquisition and Development Loan for Chicago TOD appeared first on Multifamily & Affordable…
CENTENNIAL, COLO. — Mesa West Capital has provided an $81 million short-term first mortgage loan to a joint venture between The Dinerstein Cos. and PGIM. The loan will refinance Atlas… The post Mesa West Capital Delivers $81M Refinancing for Atlas Peakview in Centennial, Colorado appeared first on Multifamily &…
ANAHEIM, CALIF. — Marcus & Millichap has arranged the sale of Villa Samoa, a 46-unit community at 2856 West Lincoln Ave in West Anaheim. The property sold for $12.3 million.… The post Marcus & Millichap Brokers $12.3M Sale of 46-Unit Property in Anaheim, California appeared first on Multifamily & Affordable Housing…
YONKERS, N.Y. — Titan Real Estate Development has broken ground on Park Square Yonkers, a $185 million development at 1 Loehr Place in Yonkers. The seven-story project will feature a… The post Titan Real Estate Development Breaks Ground on $185M Park Square in Yonkers, New York appeared first on Multifamily &…
DALLAS — Conor Commercial Real Estate and Globe Corp. have obtained a $78.7 million takeout loan for The Flynn at Live Oak, a five-story, 327-unit property in Dallas that was… The post Conor Commercial, Globe Corp. Secure $78.7M Takeout Loan for Dallas Luxury Development appeared first on Multifamily & Affordable…
PLYMOUTH, MINN. — Bigos Management has sold Medicine Lake Apartments, an 81-unit community on Medicine Lake, approximately 10 miles west of Minnesota. JLL Capital Market’s team representing Bigos was led… The post Bigos Management Sells Medicine Lake Apartments in Metro Twin Cities appeared first on Multifamily &…
LOS ANGELES — Walker & Dunlop has arranged a $28.9 million loan to refinance Billy G. Mills Manor, an affordable housing community in Los Angeles. Walker & Dunlop’s Jeff Kearns… The post Watt Capital Developers Secures Refinancing, HAP Contract Renewal for Los Angeles Affordable Housing appeared first on…
NARANJA, FLA. — Housing Trust Group (HTG) and AM Affordable Housing have secured financing to begin construction of the first phase of Artisan Pointe, an affordable housing community in Naranja,… The post HTG, AM Affordable Housing Break Ground on Artisan Pointe in Naranja, Florida appeared first on Multifamily &…
By Rajiv Ramakrishnan Veterans are not a one-size-fits-all population. Some are transitioning back to civilian life after active service, while others are aging in place or living with physical injuries,… The post Designing with Purpose: How Architecture Supports Veteran Communities appeared first on Multifamily &…