Multifamilybiz-com Press Releases

CHICAGO, IL - Chicago-based Evergreen Real Estate Group today announced it has started construction on Green Oaks of Holland, a four-story, 120-unit affordable assisted living community for seniors in Holland, Ohio. Site work is underway following a groundbreaking ceremony on Feb. 10, with completion and opening anticipated in March 2027. Located at 6650 N. Mall Drive, approximately 10 miles west of downtown Toledo, Green Oaks of Holland will offer 67 studio and 53 one-bedroom apartments. The community will offer essential support with activities of daily living for seniors across a range of income levels, including those who qualify for Medicaid benefits. Green Oaks of Holland will be managed by Gardant Management Solutions, the fifth-largest provider of assisted living in the country. […]

WEST PALM BEACH, FL - Related Ross today announced the closing of a $157 million construction loan for Shorecrest, a modern collection of distinctive waterfront condominium residences in West Palm Beach and a key component of the firm s expansive vision for the future of the South Florida city. With construction financing provided by GoldenTree Asset Management, construction is now set to begin on the new waterfront tower, introducing bespoke architectural design and a wellness-infused lifestyle – including amenities and services curated in partnership with Equinox – to the reimagined North Flagler Drive neighborhood. With commanding views of the Intracoastal Waterway and adjacent Palm Beach Island, and easy connectivity to downtown West Palm Beach and Related Ross s thriving […]

MIAMI, FL - GAIA Real Estate, a leading full-service real estate investment firm, proudly appoints Samantha Fields as Director of Investment Relations, further strengthening the firm s leadership team as it expands its presence across South Florida and the broader Sunbelt. Fields brings extensive experience working with institutional investors worldwide, including public pensions, insurance companies, endowments, foundations, and investment consultants. In her new role, she will lead GAIA s capital raising and investor relations initiatives, supporting the firm s continued growth and long-term investment strategy. Samantha s expertise and leadership come at a pivotal moment for GAIA, said Danny Fishman, CEO, GAIA Real Estate. Her disciplined approach will play an instrumental role in […]

CHICAGO, IL - BKV Group, a holistic, multidisciplinary design firm, today announced the addition of two new hires in the firm s Chicago practice site. Charles Swanson has joined the firm as senior design leader and development managing partner, while Kelsey Fissinger will serve as director of business development and senior associate. As cranes return to the Chicago skyline and construction activity surges in Midwest cities with unmet housing needs, we continue to invest in talent that will help us serve developer clients throughout the region, said Jack Boarman, senior design leader and managing partner at BKV Group. Charles and Kelsey share the entrepreneurial spirit that has allowed our firm to grow and diversify across geographic markets, property types and service lines, and their […]

CARY, NC - Woodfield Development, one of the nation s leading developers of Class A multifamily communities, today announced the opening of EMORIE at Alston Town Center in Cary, North Carolina. EMORIE introduces 302 apartments, expanding residential options within one of the Triangle s most active mixed-use destinations. Located within the master-planned Alston Town Center and just 20 minutes from Downtown Raleigh, EMORIE sits at the heart of North Carolina s Research Triangle. The community offers convenient access to top-rated schools, major employers, healthcare, parks, and a growing mix of retail, dining, and entertainment. EMORIE represents the kind of thoughtful, design-driven development we strive to deliver in high-growth markets like Cary, said Scott Underwood, principal […]

MEMPHIS, TN - Fogelman Properties ( Fogelman ), one of the country s largest, privately-owned multifamily investment and property management companies, is pleased to announce the acquisition of The Vineyards of Germantown, a 200-unit luxury rental community located in Germantown, Tennessee. This purchase marks the company's continued expansion in its hometown market, where Fogelman currently oversees 32 communities totaling more than 7,800 units. Built in 1997, The Vineyards features one, two and three-bedroom apartment homes with rental rates starting at $1,200 per month. The recently acquired property is 93% occupied and managed by Fogelman. Fogelman s investment plan includes renovations to the unit interiors, construction of a new pickleball court, as well as targeted enhancements to […]

CHICAGO, IL - Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the sale of a 50-unit multifamily building at 520 W. Stratford Place / 525 W. Cornelia Ave. in Chicago s Lakeview neighborhood. Interra Senior Managing Partner Joe Smazal represented the buyer, JAB Real Estate. Smazal also represented the confidential seller. This is the first time the asset has traded hands in 20 years. The buyer pool for well-performing multifamily in Chicago continues to run deep, and investors are particularly drawn to assets with irreplaceable locations like this one overlooking Lake Michigan, said Smazal. The market response — more than 20 tours, eight offers and a closing at list price — underscores just how competitive this segment is. […]

NEW YORK, NY - Greystone, a leading national commercial real estate finance company, announced it has provided $20,700,000 in Fannie Mae financing for the acquisition of Heather Glenn Apartments, a 168-unit multifamily property in Fort Walton Beach, Florida. The financing was originated by Rob Meehan and Avrom Forman, Managing Directors at Greystone. Heather Glenn Apartments, located in Okaloosa County, is a garden-style affordable housing community offering one-, two-, three-, and four-bedroom units. The property is located in the Crestview–Fort Walton Beach–Destin metropolitan area, providing residents with close proximity to major employment centers, military installations, retail amenities, and the Gulf Coast. The $20.7 million fixed-rate Fannie Mae loan carries a 5-year term. […]

TEXAS CITY, TX - Eastham Capital, a private equity real estate firm dedicated to providing superior, risk-adjusted returns to investors through the transformation of undervalued multifamily real estate, announced the disposition of two multifamily communities – Veranda Apartments, a 200-unit apartment community, and Stone Ridge Apartments, a 248-unit apartment community located in Texas City, part of the larger Houston metropolitan area. Veranda Apartments and Stone Ridge Apartments were acquired in 2018 by Eastham Capital Fund V, LP, as a joint venture between Mosaic Residential and Eastham Capital. The investments were identified as value-add opportunities in a growing submarket benefiting from strong regional employment drivers, proximity to major transportation corridors, and […]

SAN FRANCISCO, CA - MGAC, a global project and cost management consultancy, has appointed Bill Harbison as Director in the firm s San Francisco office. In this role, Harbison will focus on expanding the firm s regional presence, strengthening client partnerships, and leading complex, high-profile projects throughout the Bay Area and beyond. Harbison joins MGAC with nearly 20 years of experience spanning two continents and multiple sectors, including commercial office, luxury hospitality, healthcare, life sciences, and high-end residential. Most recently, he served as Project Executive at Suffolk Construction, where he led the firm s Special Projects Group and oversaw delivery of The Fay, a $168 million, 25-story residential high-rise in downtown San Jose. Bill s hands-on experience, […]

ROSEMONT, IL - McShane Construction Company is pleased to announce the completion of Crossing Pointe on behalf of repeat client National Church Residences. Located on the Christian City campus in Union City, Georgia, Crossing Pointe offers 80 affordable apartments for seniors ages 55+. We re excited to mark the completion of another project with National Church Residences, remarked Dave Meadows, Vice President and Regional Manager at McShane. This development reflects our commitment to delivering quality, thoughtfully designed spaces for seniors, and we look forward to the benefits this property will bring to Atlanta s suburbs. Positioned on a 4.48-acre site at 7422 Red Oak Road, the residence features a four-story wood-frame building accented by a brick veneer and siding façade. […]

CHARLOTTE, NC - RKW Residential, a leading third-party multifamily property management firm, was selected to manage NOVEL River District, a newly built luxury apartment community within The River District, a 1,200-acre master-planned neighborhood along the banks of the Catawba River in west Charlotte, NC. The assignment marks RKW s seventh year working with Crescent Communities, reflecting a longstanding partnership rooted in shared vision. Located near Charlotte Douglas International Airport and west of historic Belmont, The River District is being developed as a new mixed-use submarket that integrates residential communities with retail, dining, recreation and schools. Designed and built from the ground up, the neighborhood blends urban accessibility with direct access to natural […]

MIAMI, FL - GAIA Real Estate, a leading full-service real estate investment firm, has announced Pascual Korchmar as the firm s new Managing Director of Acquisitions and Development, underscoring GAIA s continued investment in its growing team and expanding presence throughout the South Florida market. Korchmar brings over 25 years of experience in real estate, including extensive ground-up development work. In his role, Korchmar will lead acquisition sourcing and development strategy, working closely with GAIA s executive leadership as the firm accelerates growth in high-demand residential markets and emerging rental neighborhoods. Pascual s experience and leadership come at an essential time for GAIA, says Danny Fishman, CEO, GAIA Real Estate. As our presence expands throughout South […]

ASHEVILLE, NC - The Wyre, a newly developed multifamily community by Woodfield Development in Asheville s River Arts District, has announced the launch of Brian Schick River Arts District Artist Residency, a yearlong program designed to support a working local artist while fostering creativity, connection, and community engagement among residents and neighbors. Located at 146 Roberts Street, The Wyre is a 237-unit residential community thoughtfully designed to celebrate and preserve the artistic spirit of the River Arts District in Asheville, North Carolina. Conceived as a place where artists and residents can intersect, the community features dedicated spaces for art creation, exhibitions, and cultural programming, reinforcing its role as a creative anchor within the district. The Wyre […]

MIAMI, FL - Trilogy Investment Company, a vertically integrated residential development and investment firm, has closed a construction loan and broken ground on REV3 at Champions Point, a 194-unit build-to-rent townhome community in Myrtle Beach, South Carolina. Representing the third closing in 2026, the milestone advances development of the fully owned project and marks Trilogy s continued expansion across high-growth Sun Belt markets. Vertical construction is expected to begin in Q2 2027. Myrtle Beach has emerged as one of the Southeast s fastest-growing coastal regions, driven by sustained in-migration, employment growth, and year-round lifestyle appeal. Horry County has been among the fastest-growing counties in South Carolina over the past decade, with population growth exceeding […]

BALTIMORE, MD - Continental Realty Corporation (CRC), a Baltimore-based real estate investment and management company active in 15 states with more than $4.2 billion in Assets Under Management (AUM), has added to its South Carolina multifamily portfolio with the acquisition of Elevate at Brighton Park, a property with 329 apartment homes located at 115 Great Lawn Drive in Summerville. American Landmark was represented by Newmark s Alex Okulski in its sale of this property, which is within the Nexton master-planned community. Elevate at Brighton Park boasts a superior location and premier visibility with multiple entry points within the Nexton community, and this investment presents a strong opportunity to drive performance through select value-add enhancements and further add to the […]

NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided a $115,000,000 Freddie Mac loan to refinance Courtlands on the Park, a 918-unit multifamily apartment community located in Des Plaines, Illinois. The financing was originated by Greystone s Eric Rosenstock, Senior Managing Director, on behalf of CLK Properties, a repeat client. Built in 1973, Courtlands on the Park in Cook County is a garden style apartment community consisting of 153 buildings with 913 one- and two-bedroom units that have been recently renovated with modern appliances and finishes. Property residents enjoy access to amenities such as a playground, dog park, grilling stations and on-site parking. The $115,000,000 non-recourse, fixed-rate Freddie Mac loan, which features a […]

CHICAGO, IL - Evergreen Real Estate Group and Globeville Redevelopment Partners LLC, in partnership with the Denver Public Library and the city and county of Denver, have started construction on 4965 Washington Street, a five-story, 170-unit mixed-use community in Denver s Globeville neighborhood. The $132 million development will transform a city-owned parcel on the site of a former car dealership into housing for families earning between 30% and 80% of the area median income. Approximately half of the homes will offer larger three- and four-bedroom floor plans, with the balance comprising one- and two-bedroom residences. The lower level will feature the first permanent Denver Public Library branch in the Globeville neighborhood as well as a community café, owned by Tierra Colectiva. […]

TIMONIUM, MD - Peak Management, LLC recently completed a $4.5 million comprehensive interior and exterior enhancement and improvement strategy at Ruxton Tower, a mixed-use community located at 8415 Bellona Lane in the Towson area of Baltimore County. Peak Management, LLC, an affiliate company of Hill Management Services, Inc. acquired the asset, a multifamily community comprised of 146 high-rise apartment units and a 25,000 square foot commercial office space component, in 2021. Peak Management regularly invests in extensive improvement programs throughout our portfolio to enhance and maintain best-in-class living and working experiences, and assure the long-term performance of assets, explained Teresa Rosier, Vice President of Peak Management. We consider Ruxton Tower an iconic […]

MIAMI, FL - South Florida-based real estate development firms CMC Group and Fort Partners today closed a $323.8 million construction loan from Bank OZK, a leading national lender, for Four Seasons Private Residences Coconut Grove, the highly anticipated luxury development marking the global brand s first standalone residential offering in Florida. The financing attracted exceptional interest, with depth of demand and competitive terms surpassing recent luxury residential transactions in Coconut Grove, reinforcing the strength of the Four Seasons brand and confidence in the project s execution and sales momentum. Jim Shindell and Hannah Lidicker of law firm Bilzin Sumberg represented the development team in the transaction. On the heels of breaking ground in October, construction work on […]