Multifamilybiz-com News

DALLAS, TX - The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, announced the financial closing and groundbreaking of a 370-unit luxury multifamily community in Carrollton, Texas. Strategically located near job centers in North Dallas and public transit, the development is designed to meet surging demand for larger, high-quality residences in the densely populated Dallas-Fort Worth (DFW) metropolitan area. The new community, known as Jackson Road, is located at 2255 N. Broadway Street and will feature one-, two-, and three-bedroom homes with dens. The average unit size will exceed 1,000 square feet, catering to working professionals and families in need of space for remote work and flexible living. As the cost of homeownership […]

KANSAS CITY, MO - Bow River Capital, a Denver-based alternative asset management firm with $4.4 billion in assets under management, announced the acquisition of Brookside Commons, a newly constructed 212-unit Class-A multifamily community located in Kansas City, Missouri. This marks Bow River s third multifamily acquisition in the Kansas City market, following the successful purchases of Gallerie (361 units) and Icon (57 units). Built in 2023, Brookside Commons aligns with Bow River s investment strategy of acquiring high-quality, undervalued assets in resilient and growing markets. The transaction was completed at more than a 24% discount on today s replacement cost, offering attractive relative value in a supply-constrained market. Financing was arranged through Berkadia s Denver office […]

CHARLOTTE, NC - Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers, Inc. (NYSE: TOL), the nation's leading builder of luxury homes, announced the groundbreaking of The Airedale, a new three-story, 348-unit luxury multifamily community in Charlotte, North Carolina. The Airedale will be Toll Brothers Apartment Living s first rental community in the state. The community is being developed as part of a joint venture with International Capital, LLC and financed through a construction loan facility from TD Bank. The recent groundbreaking celebration was attended by Toll Brothers Apartment Living leadership and The Airedale s development partners. The Airedale is anticipated to open in fall 2026 We are excited to officially break ground at The Airedale, our first multifamily […]

NEW YORK, NY - Pacific Urban Investors, a multifamily owner-operator and investment manager, has completed its eighth acquisition in the New York Metro, increasing its regional portfolio to 1,966 units. The newly acquired community, The Garnett at 146 South 4th Street, consists of 113 units located in the desirable Williamsburg neighborhood of Brooklyn. This investment marks Pacific Urban s 16th property on the East Coast, reflecting continued strategic expansion into key markets, including Boston, the Mid-Atlantic, and the Southeast. We are excited to expand our East Coast portfolio with the acquisition of The Garnett, a high-quality community located in Williamsburg, one of New York City s most dynamic neighborhoods, said Matt Lederer, Vice President of Investments. Williamsburg […]

SAN ANTONIO, TX - Capital Square, one of the nation's leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, announced the acquisition of Woodland Cottages, a purposefully designed, build-for-rent community in the booming town of Fredericksburg, Texas. The 62-unit, active adult community was acquired on behalf of CS1031 Texas Active Adult Living I, DST, which seeks to raise equity from accredited investors. "Capital Square is bullish on various segments of housing for the Section 1031/DST platform," said Louis Rogers, founder and co-chief executive officer of Capital Square. "First it was multifamily communities, Class A and B, then age-restricted manufactured housing communities in Florida, next conventional build-for-rent […]

SAN ANTONIO, TX - Cove Capital Investments Founding Partners, Dwight Kay and Chay Lapin, announced the Delaware Statutory Trust sponsor firm successfully completed the purchase of a brand-new Build-to-Rent multifamily residential home community in San Antonio, TX. The purchase completes the formation of the firm's Cove Texas Build-to-Rent 97 DST, a Regulation D, Rule 506(c) offering that has a $27,223,181 equity raise. The Cove Texas Build-to-Rent 97 DST features a community of 83 newly constructed single-family rental units featuring high-end, resort style amenities and located in the thriving city of San Antonio, TX. "This DST offering offers prospective investors an exceptional opportunity to invest in a trophy asset in one of San Antonio's most sought-after submarkets. The Cove Dallas […]

ANN ARBOR, MI - Landmark Properties, a fully-integrated real estate firm specializing in the development, construction, acquisition, investment management, and operation of high-quality residential communities, announced the delivery of The Legacy at Ann Arbor, a new, 521-bed student housing community at 616 E. Washington Street in Ann Arbor, MI. Developed in a joint venture with Cerca Trova and designed by ESG Architecture & Design, The Legacy at Ann Arbor is comprised of two interconnected buildings – a 19-story high-rise and mid-rise structure attached to the historic Michigan Theater. Landmark Construction served as the project's general contractor. The Legacy at Ann Arbor is fully leased ahead of the 2025-2026 school year. "We're confident that this amazing project will exceed […]

ORLANDO, FL - Knightvest Capital, a vertically integrated multifamily investment firm, announced the acquisition of the Cortland Vera Sanford community in Orlando, Florida. This successful close represents the ninth investment in Knightvest's Fund II, which remains open to new investors through 2025. Built in 2018, the 332-unit apartment community is located in Sanford, Florida, a high-income suburb of northern Orlando. The property features a unique mix of units, including two-story townhomes with attached garages. Knightvest plans to renovate the majority of the units and make substantial upgrades to the community's amenities and common spaces. As part of the renovation efforts, Knightvest has renamed the community to The Walton. "This acquisition reflects our continued strategy of […]

MIAMI, FL - Olympus Property has expanded into the Miami market with the acquisition of Fifteen, a brand new 132-unit luxury apartment community located in the city's prominent Health District—one of the largest medical hubs in the country. This marks Olympus' first asset in Miami and reflects the firm's expansion into one of South Florida's leading employment districts, where consistent demand, population growth, and continued economic investment support long-term multifamily performance. The acquisition underscores Olympus Property's commitment to identifying supply-constrained, high-demand submarkets with strong underlying fundamentals for institutional-grade housing. The firm will leverage its vertically integrated operating platform and regional scale to increase operational […]

SAN DIEGO, CA - Lowe, a national real estate investment, development and management firm, has acquired Tenth & G Apartments, a 207-unit multifamily community located at 707 Tenth Avenue in the heart of downtown San Diego s vibrant Ballpark District. Lowe has a national strategic focus to acquire high-quality, well-located multifamily properties at current lower valuations that can benefit from enhancements to property operations and/or physical improvements, said Mike Lowe, co-CEO of Lowe. Built in 2008, Tenth & G is an eight-story apartment community with steel and concrete construction featuring modern loft-style residences and 8,250 square feet of ground-floor retail. The property offers an array of loft style units including studio, one- and two-bedroom units averaging 704 […]

DENVER, CO - OlivePoint Capital, a real estate investment manager focused on value-add and special situation opportunities in the lower middle market, announced the acquisition of Stella on the Park, a 2021-vintage mixed-use project located in metro Denver. The transaction was sourced and executed off-market. The project comprises 216 residential units and 35,000 square feet of retail space. OlivePoint acquired the asset at more than 50% discount to replacement cost. The acquisition was made through OlivePoint's fund, OPC Fund I LP. This investment reflects our strategy of targeting high-quality assets where temporary dislocation—whether capital markets or operational—can create outsized value, said Adrian Bejarano, Managing Partner at OlivePoint. We re targeting high-conviction, […]

ROCHELLE, IL - Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, hosted a grand opening ceremony for Willis Senior Lofts, a 60-unit, four-story affordable housing community for adults aged 55 and over. "We are proud to officially open Willis Senior Lofts and make these high-quality, affordable homes available to seniors in Rochelle," said Hume An, LAC Vice President and Regional Project Partner. "Investing in rural communities like Ogle County is a key pillar of LAC's mission to tackle the housing crisis by finding and implementing solutions in communities that need it most." In addition to An, speakers at the ribbon-cutting included funding partners, community leaders and elected officials such as Congressman Darin LaHood, Rochelle Mayor […]

JERSEY CITY, NJ - The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, in partnership with G&S Investors and Rockwood Capital, announced the completion and official opening of Oliver on the Hudson, a luxury multifamily community in the sought-after Port Liberté neighborhood of Jersey City. Just steps from the Hudson River and a 15-minute ferry ride away from Manhattan, the 401-unit development delivers scenic waterfront views complemented by a full suite of resort-style amenities. Strategically located at 190 Chapel Avenue, Oliver on the Hudson delivers direct access to downtown Jersey City, New York City s financial district and vibrant green spaces including Liberty State Park. Residents can access a seamless commute to […]

WINSTON-SALEM, NC - Carter and Front Street Capital announced the groundbreaking of Creekside at The Grounds — a new purpose-built student apartment community and the first vertical development within the highly anticipated mixed-use district known as The Grounds. Centrally located within the 100-acre development overlooking the newly restored Silas Creek, Creekside at The Grounds marks a significant milestone in the transformation of Winston-Salem's sports and entertainment district, directly adjacent to Wake Forest University. The project represents the first new vertical construction in a dynamic master plan that will blend public amenities, residential, retail, office, and hospitality to create a walkable, year-round community. Since its announcement last year, The Grounds has […]

PHOENIX, AZ - Toll Brothers Apartment Living®, the rental subsidiary of Toll Brothers, Inc. (NYSE: TOL), the nation's leading builder of luxury homes, in partnership with Willton Investment Management, announced the opening of Lumara, a new luxury apartment community in North Phoenix, Arizona. Lumara, which welcomed its first residents this past week, sets a new standard for refined desert living with modern apartment homes and resort-style amenities. The four-story community offers 456 apartment homes with a mix of one-, two-, and three-bedroom floor plans. Residences include gourmet kitchens with stainless steel appliances, quartz countertops, custom cabinetry, and spacious kitchen islands. Additional features include bathroom vanities with integrated LED lighting and smart home […]

PORTLAND, OR - WNC & Associates (WNC), a family-owned business known as both a pioneer and leader in the affordable housing industry, and the Portland Housing Authority have announced the redevelopment, rehabilitation and expansion of Riverton Park, a 182-unit affordable housing community in Portland, Maine. Located at 2 Riverton Drive and approximately four miles northwest of downtown Portland, Riverton Park represents one of the most significant investments in affordable housing in Maine and the region. This project will have significant benefits to the Riverton community and provide greater housing options for a neighborhood close to major employers, retail, transit, and schools. The $117 million development includes the renovation of 118 existing units and the new construction of […]

MIAMI, FL - Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced it has broken ground on Modera Aventura South, a contemporary mixed-use community near premier shopping, dining and entertainment destinations approximately 15 miles north of Downtown Miami. The high-rise community, which will feature 251 homes and 2,510 square feet of ground-floor retail space, represents the second phase of Modera Aventura, which is projected to begin leasing in October. The original phase features 420 homes and 6,400 square feet of retail space. First move-ins at Modera Aventura South are anticipated for fall 2027. "We're excited to get started on Phase II of the Modera Aventura master plan, which will benefit […]

LAS VEGAS, NV - CONAM Strategic Investments Fund IV LP, a discretionary fund sponsored by The CONAM Group, announced the purchase of Reverb at Spring Valley, a 180-unit multi-family community in Las Vegas, NV. This property adds to CONAM's portfolio within the Las Vegas market and is the latest acquisition in Fund IV. Completed in 2000, Reverb at Spring Valley features two-story garden style buildings with large floor plans and majority two-bedroom floor plans. The community amenities include a clubhouse with a coffee bar, game room, fitness center, and a pool deck with assorted outdoor games, fire pits, and barbeques for residents. "CONAM, which has long enjoyed a robust presence in the Las Vegas market, has been focused on expanding its presence seeking quality, well located assets at […]

ARLINGTON, VA - Penzance, a leading owner, operator and developer in the Mid-Atlantic region for over two decades, has received approval from Arlington County for its proposed redevelopment of Ballston One. The approved plan will convert the existing office building into a vibrant new residential community, adding another milestone in the company's ongoing transformation of the Rosslyn-Ballston Corridor. The new project will deliver 328 multifamily units in a 7-story building, ranging from studios to two-bedroom plus dens, as well as 13 two-story loft homes, all designed around gateway architecture with an emphasis on biophilic living and sustainability. Penzance's plans feature the adaptive reuse of the existing underground parking garage, dramatically reducing environmental impact while […]

AUSTIN, TX - Turner Impact Capital, one of the country s largest real estate investment firms dedicated to social impact, has acquired a 222-unit multifamily community in Austin, expanding its presence in Texas amid the firm s nationwide drive to deliver innovative, market-driven solutions to the housing affordability crisis. Lotus Village marks the seventh acquisition by Turner Multifamily Impact Fund III (TMIF III) in less than a year. Austin, where Turner Impact already owns a workforce housing community, is a high-demand market where strong economic and population growth are pushing rents beyond the reach of low- and moderate-income households. We are delighted to expand our presence in Austin to ensure that more working families can afford quality housing near jobs in this dynamic, […]