Multifamilybiz-com News

LUBBOCK, TX - Altus Equity Group completed the acquisition of a 279-unit multifamily portfolio in Lubbock, Texas, reinforcing the firm's continued investment activity as it actively deploys capital amid ongoing uncertainty across the real estate capital markets. The off-market transaction reflects Altus' disciplined approach to identifying cash-flowing assets with strong in-place performance and financing structures that provide flexibility across market cycles. "This acquisition is consistent with how we approach investing—prioritizing durable operations, downside protection, and the ability to adapt as market conditions evolve," said Andy Eicher, Senior Vice President of Investments at Altus Equity Group. "We remain active in sourcing and executing opportunities where pricing, […]

DALLAS, TX - Quarterra, an industry-leading multifamily development and investment management firm, recently welcomed its first residents at Emblem Ravine, its newest attainable community in the Oak Cliff neighborhood of the Dallas-Fort Worth Metroplex. Quarterra created the Emblem program to help address the national supply shortage of housing for middle-income renters. Emblem property development deploys a programmatic approach that utilizes consistent high-end interior finishes from one Emblem community to the next. Amenity designs and property features such as social rooms and fitness centers also follow a consistent programming approach. The focus on consistency allows Emblem developments to reach the market within an expedited time frame. Emblem Ravine is Quarterra's first Emblem […]

LAS VEGAS, NV - The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, and Rockefeller Group, a national developer, announced that pre-leasing is underway for Miraluna, a 342-unit Class A apartment community in south Las Vegas. Adjacent to the Southern Highlands Master-Planned Community, the resort-inspired development is now accepting applications, with initial move-ins beginning in March 2026. Miraluna, formerly known as Silverado, marks The NRP Group s entry into the Las Vegas market and the continuation of Rockefeller Group s growth in Nevada. Miraluna features a curated collection of one-, two-, and three-bedroom residences, designed with contemporary finishes and versatile layouts to complement diverse lifestyles. Residents will […]

ORLANDO, FL - Knightvest Capital, a vertically integrated multifamily investment firm, announced the acquisition of the Heritage Estates community in Orlando, FL. This successful close represents the 15th investment in Knightvest's Fund II, and the third acquisition in Orlando in six months, bringing the total units owned in the market to 1,535 units. Built in 2003, the 230-unit apartment community is located in the fast-growing corridor of East Orlando with close proximity to major employment hubs such as Lockheed Martin, the University of Central Florida, Orlando International Airport, and Lake Nona. Knightvest will implement a comprehensive renovation program with planned improvements to unit interiors, the property's exterior, and the common areas, including a 9,000 square-foot […]

AUSTIN, TX - Machine Investment Group (MIG), a real estate investment platform focused on opportunistic, distressed, and special situations across the United States, announced the off-market acquisition of Rise 120, a newly built property consisting of 227 multifamily units and 15,000 square feet of retail located in Georgetown, TX, a highly desirable and fast growing submarket of the Austin MSA. Rise 120 offers recently completed (Q1 2024) rental apartments within a submarket dense with high-income employment drivers. The property is situated 2 minutes from I-35, providing accessibility to Downtown Austin, Georgetown and Round Rock, and major North Austin employment drivers including Dell, Apple, and the Domain. Georgetown ranked as the fastest growing city in the nation by the U.S. […]

AUSTIN, TX - Virga Capital closed on its first multifamily acquisition in the Austin metropolitan area with the purchase of The Beacon at Pfluger Farm, a 258-unit Class A apartment community located in Pflugerville, Texas. Built in 2022, The Beacon at Pfluger Farm is a three-story, garden-style community offering a balanced mix of one-, two-, and three-bedroom residences with an average unit size of approximately 890 square feet. The property features contemporary interior finishes and a market-leading amenity package that includes a clubhouse, resort-style swimming pool, two fitness facilities, coworking and resident lounge spaces, private garages, and outdoor gathering areas. The Beacon at Pfluger Farm is located within a 10-minute walk of the 1.5 million-square-foot Stone Hill Town […]

CHARLOTTE, NC - The Republic Family of Companies, through its Charlotte subsidiary Republic Development Group, and Esen announced a joint venture to develop a new mixed-use community at 700 and 800 Central Avenue. Located just east of Uptown in the historic Plaza Midwood neighborhood, the project will feature approximately 370 multifamily units and 3,000 square feet of ground-floor retail space. Construction is planned to start in mid-2026. The development represents a significant investment in one of Charlotte s most culturally rich corridors. Plaza Midwood, which originated in the early 1900s as the city s first "streetcar suburb," owes its unique character to the 1903 streetcar line that ran down Central Avenue. This new project, located at Central Ave and Piedmont St, is designed to […]

SAN FRANCISCO, CA - Hamilton Zanze, a leading San Francisco-based multifamily real estate investment firm, announced that it has sold Villages at Parktown, a 309-unit garden-style community in Deer Park, Texas. The firm sponsored the acquisition of the property in May 2014. "We are thrilled with the sale of Villages at Parktown," said Anthony Ly, senior director of transactions at Hamilton Zanze. "This community represented a unique opportunity in a limited-supply submarket, and its larger units, including some as spacious as 1,600 square feet, proved highly attractive to residents. By building on that foundation through unit upgrades and the addition of a brand-new clubhouse and pool, we were able to create a better resident experience." Situated at 500 W Pasadena Boulevard, Villages at […]

TUCSON, AZ - Bascom Arizona Venture, an affiliate of Irvine, California-based private equity firm The Bascom Group, acquired the Retreat at Speedway, a 304-unit multifamily property located in Tucson, Arizona for $53.4 million or $175,658 per unit. The property was acquired by Bascom's current fund offering, Bascom Value Added Apartment Investors VI, LLC. Constructed in 2001 and positioned along Speedway Boulevard against the backdrop of the picturesque Catalina Mountains, The Retreat at Speedway benefits from proximity to the premier Catalina Foothills and access to major employment centers. The two-story, garden-style property offers residents spacious, open concept one- and two-bedroom floorplans and a strong amenity package that features a swimming pool and spa, fitness center, and […]

DENVER, CO - Buchanan Capital Partners, an Austin-based, zero-fee commercial real estate investment firm, announced its recent capitalization of Garrett Centennial Apartments, a 368-unit garden-style multifamily development located in the Denver Tech Center submarket. The project is BCP's second Joint Venture with The Garrett Companies in conjunction with their strategic partner, Telis Group. Weinstein Properties also joined the transaction as an equity partner. In 2024, BCP, The Garrett Companies and Telis collectively capitalized Garrett Fillmore Apartments, a 196-unit multifamily development in Colorado Springs. Situated on a 19-acre site in the Denver Tech Center submarket, Garrett Centennial benefits from exceptional regional connectivity at the intersection of I-25 and Arapahoe Rd, […]

HEMPSTEAD, NY - Hudson Valley Property Group, a leading, national affordable housing preservation company, announced its acquisition of 100 Terrace Apartments, a 420-unit affordable housing property located at 100 Terrace Avenue in Hempstead, New York. The acquisition marks HVPG's first property in Nassau County and expands the firm's presence on Long Island, where it also operates a property in Suffolk County. To date, HVPG has preserved ~2,300 units of affordable housing throughout New York State and City. Through this preservation project, HVPG will protect the long-term affordability of 100 Terrace and implement comprehensive renovations designed to enhance quality of life for residents while modernizing the property's infrastructure and amenities. Total project costs related to this […]

CHARLOTTE, NC - Elevest Capital, a boutique private equity firm focused on multifamily real estate, announced the completion of Fund 64 in partnership with Rise48 Equity, marked by the acquisition of a 240-unit B+ multifamily community in Charlotte, North Carolina. The transaction reflects Elevest Capital's continued strategy of investing in well-located assets within high-growth submarkets that offer attractive long-term fundamentals and value-creation opportunities. This property was built in 1999 and sits in a desirable B+ submarket of Charlotte and offers significant upside through strategic renovations. The property presents opportunities to modernize unit interiors and add in-unit washers and dryers. These enhancements are expected to drive rental growth and elevate resident […]

DALLAS, TX - MG Properties, a privately held real estate investment firm, announced the acquisition of Sola Galleria Apartments, a multifamily community located in Farmers Branch, Texas. The acquisition further expands MG Properties' presence in the Dallas–Fort Worth metro area, one of the fastest-growing multifamily markets in the country. Sola Galleria Apartments is a well-located residential community offering modern amenities and convenient access to major employment centers, retail, dining, and transportation corridors throughout the DFW area. The property's location at the intersection of Farmers Branch and Addison provides residents with proximity to Dallas' urban core while maintaining a balanced "live-work-play" living environment. MG Properties plans to implement its trusted […]

FORT COLLINS, CO - The Milestone Group completed two Class A Intermountain region acquisitions, purchasing Bucking Horse Apartments, a 322-unit, garden-style multifamily community within the 160-acre Bucking Horse master-planned community in Fort Collins, Colorado, and Prelude at Paramount, a 280-unit garden-style multifamily community in Meridian, Idaho, a rapidly growing suburb of Boise. The purchase prices were not disclosed. "Bucking Horse Apartments features highly sought-after amenities, numerous recreational options, and exceptional access to regional employment centers. The Fort Collins market is characterized by strong fundamentals for growth, high barriers to entry, and 95% market occupancy with limited supply in the pipeline," said Milestone Vice President of Acquisitions Rich […]

ARDMORE, PA - Piazza Property Development Company and Radnor Property Group announced the start of construction of The Piazza at Ardmore, a $187 million new mixed-use, multi-family housing and retail project at 100 Lancaster Avenue in Ardmore, Pennsylvania. The Piazza at Ardmore will bring 270 apartments, nearly 30,000 square feet of street-living retail space, and 480 parking spaces to Ardmore's business district, 108 of which will be for public use. The site is owned by Daniel Piazza Esquire and The Piazza Family who currently operate an Acura dealership. In January 2025, Dan Piazza Esquire selected Radnor as his developer to undertake the pre-development and development process. "Radnor is delighted to expand our multi-family portfolio expertise to Ardmore, one of Philadelphia's finest […]

RALEIGH, NC - Elevest Capital, a boutique private equity firm specializing in multifamily real estate, announced the successful completion of Fund 63 with the acquisition of a 97-unit B+ class multifamily property located in the Raleigh-Durham MSA, in partnership with Rise48 Equity. This latest acquisition underscores Elevest Capital's continued dedication to sourcing high-quality assets that offer strong investment potential and enhance communities. Built in 1987, the asset is well positioned within a strong submarket of one of the Southeast's fastest-growing metropolitan areas. The property offers compelling value-add potential through unit renovations and targeted amenity enhancements. It currently benefits from healthy occupancy levels and is supported by robust fundamentals, […]

CHICAGO, IL - S2 Capital, a national vertically integrated real estate investment manager, announced the acquisition of Ovaltine Apartments, a 344-unit garden and loft-style multifamily community located in Villa Park, Illinois, a western suburb of Chicago, marking the firm's first investment in the greater Chicago area. Terms of the transaction were not disclosed. The acquisition represents a strategic expansion for S2 into a new major U.S. market following several years of evaluation and underwriting across the Chicago region. The property was acquired through a highly competitive marketing process led by the JLL Investment Sales team and aligns with S2's value-add investment strategy. Originally converted from the historic Ovaltine Chocolate Factory in 2001, Ovaltine Apartments is a […]

NASHVILLE, TN - National multifamily developer Wood Partners has officially closed on Alta Beacon in Nashville, Tennessee. The 328-unit, wrap-style multifamily community will break ground this month and is slated to deliver first units in Q2 of 2026. Located on the edge of the Wedgewood-Houston neighborhood, just a few blocks south of downtown, Alta Beacon offers residents convenient access to one of Nashville's fastest-evolving neighborhoods. The area is seeing the arrival of ultra-luxury brands such as Hermès and Brunello Cucinelli, positioning Wedgewood-Houston as a growing destination for dining, retail and culture. "Nashville's multifamily market continues to show strong demand, and Alta Beacon allows us to deliver a thoughtfully designed, amenity-rich community that meets the needs […]

BOSTON, MA - International real estate business Pembroke has announced the acquisition of Proto in Kendall Square in Cambridge, MA. A vibrant property since opening in 2018, Proto s 280 units are currently 95% occupied. The property is situated in the epicenter of technology, life science and academia and offers residents amenities that improve the quality of life—community spaces for entertaining or work, onsite concierge, a landscaped terrace, fitness center, pet spa and expansive bike storage. Sustainability features include LEED gold certification, EV parking and all electric energy star appliances in units. This decade is one when we ve seen the global real estate market profoundly change—people want more from the places where they live and work, and they want ease in […]

NEW YORK, NY - Oakline Properties announced a new partnership with Drucker + Falk, a Top-50 NMHC multifamily and commercial property management firm with over 43,000 apartment units under management. The partnership will enable the continued longevity of DF's successful legacy in the property management industry. Founded by Emanuel E. Falk and A. Louis Drucker in 1938 in Newport News, VA, DF has grown to manage properties in 10 states and today has over 1,000 employees. The company has been under the leadership of third-generation owners and managing directors Wendy Drucker, Kellie J. Falk, and David Falk, Jr. since 2005. For 87 years, DF has paired the tools, technology and resources of a national organization with the personalized service of a local partner. DF s forward-thinking, […]