Multifamilybiz-com News

SUNRISE, FL - FCP continues its expansion in Florida with the acquisition of ARIUM Sunrise, a 400-unit multifamily community in Sunrise, FL. The acquisition, completed in partnership with BMC Investments and The RMR Group, reinforces FCP's commitment to investing in high-growth markets and unlocking value in well-located assets. "We believe Broward County remains one of Florida's fastest-growing regions, and our recent investments highlight our commitment to securing well-positioned assets in this key market," said Bruce Gago, Senior Vice President at FCP and head of the company's Florida investments. "We look forward to once again partnering with BMC and collaborating with RMR with the goal of enhancing ARIUM Sunrise Apartments and while providing residents with a quality living […]

IRVINE, CA - The Bascom Group has acquired Highridge Apartments, an irreplaceable 257-unit value-add apartment community in the highly desirable coastal community of Ranchos Palos Verdes, California. The purchase price was $127,000,000 or $494,163 per unit. Annie Rice and Jamie Kline of JLL Capital Markets arranged the debt financing for the acquisition, while AXA Investment Managers US Inc. provided the acquisition loan. The JLL Investment Sales team led by Blake Rogers and Kevin Sheehan represented the seller. AMC will provide property management services for the community and SD-Cap will manage the planned property renovations. Highridge Apartments is an institutionally owned, 1972-vintage property that has undergone significant upgrades over the years, including new in-unit washers […]

HUNTSVILLE, AL - Rockefeller Group and T2 Capital Management announced that leasing has commenced at Vista at Councill Square. The new six-story, 332-unit premium property is located in Downtown Huntsville, Ala., the city's entertainment and lifestyle hub. Residents will have access to best-in-class social, wellness, and recreation experiences inside and out via Vista's wealth of amenities. In recent years, Downtown Huntsville has evolved into one of the city's most sought-after neighborhoods. Its convenient proximity to cultural and lifestyle happenings makes it an ideal location for upscale apartment residences. Huntsville-based Matheny Goldmon Architecture + Interiors, which has designed some of the area's most well-known and authentic properties—including the Mars Music Hall, Orion […]

PITTSBURGH, PA - Alpha Residential, a Pittsburgh-based multifamily developer, has announced plans for a 352-unit residential community in Moon Township's emerging Diamond Ridge district. The development will feature 300 modern apartments and 52 built-to-rent townhomes, with initial townhome deliveries expected in Summer 2026 and full project completion in Spring 2027. The new community will be located on Market Place Boulevard, strategically positioned just 6 miles from Pittsburgh International Airport and 13 miles from downtown Pittsburgh. The development will be part of the growing Diamond Ridge district, a dynamic mixed-use district that includes Class A office space, retail, and residential communities. "This project represents a significant milestone in Alpha Residential's growth and […]

ARLINGTON, TX - The Texas Rangers and The Cordish Companies celebrated the grand opening of One Rangers Way in the heart of the Arlington Entertainment District. With a blend of bespoke design, resort-inspired amenities, and a rich celebration of the Texas Rangers' history, One Rangers Way has officially welcomed its first residents, offering an unmatched luxury living experience. "The grand opening of One Rangers Way is monumental for both the Texas Rangers and our Arlington community that has long awaited a luxury residential option of this caliber," said Jim Cochrane, Texas Rangers Executive Vice President & Chief Business Officer. "One Rangers Way embodies the spirit of the Rangers, blending modern luxury with the team's history in an unmatched way. We are thrilled to offer […]

MELBOURNE, FL - Carter Multifamily announced the acquisition of Mode at Melbourne, a 166-unit garden-style multifamily community located in Melbourne, Florida. This latest addition to Carter Multifamily's value-add portfolio will be managed by Allegiant-Carter Management, the in-house property management arm of Carter Funds. As an affiliated company under the Carter Funds umbrella, Allegiant-Carter Management will oversee the property's day-to-day operations, ensuring seamless alignment with Carter Multifamily's strategic vision and value-enhancement initiatives. Mode at Melbourne is located in Melbourne, Florida, on the state's rapidly growing Space Coast, southeast of Orlando. The property consists of 166 apartment homes featuring spacious one-, two-, and three-bedroom floorplans, with […]

SAN RAMON, CA - Belmont Village Senior Living, an award-winning developer, owner and operator of senior housing, announced the opening of Belmont Village San Ramon (1000 Walnut Drive), its fifth Bay Area development and 16th California community, developed in partnership with Sunset Development and located within the vibrant Bishop Ranch neighborhood that offers residents convenient access to premier retail, dining and entertainment. Belmont Village San Ramon features 177 apartments, including studio, one- and two-bedroom options for Independent Living, Assisted Living and Memory Care. Residents will benefit from Belmont Village s proprietary, evidence-based approach to health and wellness, which includes its award-winning Circle of Friends® program designed to enhance cognitive strength […]

GREENVILLE, SC - Flournoy Development Group, an industry leader in innovative, best-in-class multifamily developments throughout the sunbelt, announced the groundbreaking of District South, its newest luxury mixed-use community in Greenville, South Carolina. This highly anticipated project underscores the company's ongoing dedication to expanding its premier multifamily portfolio. Situated on a sprawling 21-acre site, District South will feature an impressive collection of 365 multifamily units, 90 for-rent townhomes, six carriage homes, and 13 retail spaces meticulously crafted to meet the lifestyle needs of today's sophisticated residents. The vibrant community is composed of five four-story apartment buildings, 12 townhome buildings, and three carriage home buildings designed to […]

HOUMA, LA - ECI Group (ECI) announced the sale of Houma Highlands apartments at 461 S. Hollywood Road in Houma, Louisiana to Oakwood Capital Oakwood) for an undisclosed price. The 16-building, 378-unit community was built in phases, with Phase 1 completed in 2004 by another developer and then it was acquired by ECI and Phase II was developed and completed in 2012. "ECI is proud of our execution at Houma Highlands and the positive contributions we have made in the Houma community over more than a decade," said Scott Levitt, Chief Acquisitions Officer at ECI Group. "We provided a continuum of integrated services at Houma Highlands, from development and construction management to property and asset management, and our team positioned it into the successful apartment community it is today. We […]

FORT MYERS, FL - CAPREIT, a fully integrated real estate operating company responsible for the ownership and management of more than $5 billion of multifamily assets, announced it has acquired Coastal Village, a 200-home, 800-bed student housing community in south Fort Myers. Situated at 19401 Skidmore Way, Coastal Village sits within a quick commute of Florida Gulf Coast University, a Division I college attended by approximately 16,000 students. CAPREIT's acquisition of the off-campus community represents the company's entry into the student housing sector. "Residents of student housing want all the same things that traditional apartment residents want—namely, superior property management and white-glove service," said Andrew Kadish, CEO of CAPREIT. "It's that kind of touch that […]

KINGSTON, RI - Gilbane announced its collaboration with the University of Rhode Island (URI) to develop and construct up to 1,100 additional on-campus beds through a new, innovative public-private partnership. This initiative will address growing student demand for on-campus housing and underscores both URI's and Gilbane's commitment to enhancing the student experience at the state's flagship research university. Selected through a competitive proposal process, Gilbane will lease University-owned land to plan, finance, design, construct, and manage the new residence halls on URI's Kingston Campus. With a legacy spanning 150 years, Providence-based Gilbane has a proven track record of delivering innovative housing solutions in collaboration with higher education institutions nationwide. […]

SCOTCH PLAINS, NJ - Benchmark Senior Living, the largest senior living provider in New England, is, once again, expanding its Northeast footprint. Last month, the company began construction on a new assisted living and memory care community located at 1814 Raritan Road in Scotch Plains, NJ. Also under development is Benchmark at Mount Pleasant, in Thornwood, NY, Benchmark's first Westchester County community. It will become the company's third New York community when it opens this spring. "We're excited to bring the high-quality and compassionate care Benchmark has built its reputation on for almost 30 years to the residents of Scotch Plains and beyond," said Tom Grape, founder, chairman and CEO of Benchmark. "Scotch Plains and the Mount Pleasant projects will be among several new […]

PHOENIX, AZ - Goodman Real Estate announces its latest milestone, the $131.1 million acquisition of Town Deer Valley Apartments, a premier 388-unit Class A property located in Phoenix, Arizona. This latest acquisition reflects Goodman Real Estate's continued efforts to expand its portfolio with premium residential properties in high-growth markets. Town Deer Valley Apartments, known for its modern amenities and prime location, is a testament to the company's focus on creating well-built, sustainable, and thriving communities that elevate the resident experience. "Town Deer Valley Apartments aligns with our purpose of building and investing in purposeful communities," said John Goodman, Founder of Goodman Real Estate. "The property offers not only beautiful living spaces but also a strong […]

BAKERSFIELD, CA - CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer, in partnership with Bettencourt Properties and The Beneficial Housing Foundation, announced the acquisition and planned renovation of Sundance Apartments, an affordable housing complex in Bakersfield, Calif. This is the first community in Bakersfield for CPP. Sundance Apartments is located at 6000 White Lane in the Spice Tract neighborhood of Bakersfield. The convenient location allows residents easy access to multiple bus stops, as well as a nearby grocery store, shopping center and restaurants. Originally built in 1981, the property has not received any substantial rehabilitations. The property is comprised of 10, two-story buildings and an additional single-story […]

DALLAS, TX - Knightvest Capital, a vertically integrated multifamily investment firm, announced the acquisition of the SKYE of Turtle Creek apartment community in Dallas, Texas. This successful acquisition represents the sixth investment in Knightvest's Fund II. Built in 1998, the 331-unit high-rise is located in the prolific submarket of Uptown Dallas, an area where Knightvest has direct experience. Knightvest will leverage its construction, management, and operational experience to seamlessly integrate the community into its portfolio. With the property largely in its original condition, Knightvest plans to renovate a considerable portion of the units and make significant updates to the exterior and common areas. These improvements will position Skye to compete with new luxury […]

VANCOUVER, WA - Hamilton Zanze, a leading San Francisco-based multifamily real estate investment firm, announced it has sponsored the purchase of Arnada Pointe, a 200-home garden-style apartment community in Vancouver, Wash. Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed management of the property, which is situated 11 miles north of Portland, Ore., on the north bank of the Columbia River. The river treads the Washington and Oregon state lines and is the largest in the Pacific Northwest. "We are excited about the sponsored acquisition of Arnada Pointe, as it represents an opportunity to acquire an asset at a significant discount to replacement costs with long-term upside potential," said David Nelson, president and chief investment officer at Hamilton Zanze. […]

DENVER, CO - Thompson Thrift, a full-service nationally recognized real estate company and one of the nation's leading multifamily developers, announced that it will develop Stack at Wheat Ridge, a 255-unit Class A multifamily community in the Denver suburb of Wheat Ridge. Construction is expected to be completed in winter 2026. "Wheat Ridge stands out as the location provides convenient access to the city's top employers and shopping venues, as well as numerous outdoor activities," said Josh Purvis, managing partner for Thompson Thrift Residential. "Similarly, we believe that our latest Thompson Thrift community, Stack at Wheat Ridge, will deliver a unique blend of exceptional living for our residents and an attractive investment opportunity for our partners." Nestled in the foothills of […]

BURLESON, TX - Elevate Commercial Investment Group announced the acquisition of Camden Crossings, a premier 144-unit multifamily community located just 15 minutes south of Fort Worth in Burleson, Texas. This strategic acquisition aligns with Elevate's commitment to providing high-quality, cash-flowing real estate opportunities while delivering strong, risk-adjusted returns to investors. Built in 2023, Camden Crossings is a Class A garden-style apartment community featuring modern amenities such as a resort-style swimming pool, a pickleball court, a dog park, and stylish unit finishes including granite countertops, stainless steel appliances, and private balconies. The property benefits from a prime location in Burleson, a rapidly growing submarket with strong demographics, highly rated […]

DALLAS, TX - Affiliates of Harbor Group International, a privately owned international real estate investment and management firm, announced the acquisition of Livano Canyon Falls, a newly constructed multifamily property comprised of 300 units in Northlake, Texas. Built in 2024, the property is part of the larger Canyon Falls master-planned community, which covers 1,199 acres across Northlake, Argyle, and Flower Mound. "We view this as an exceptional opportunity to acquire a newly developed asset in a dynamic and highly desirable submarket of the Dallas-Fort Worth area," said Yisroel Berg, Chief Investment Officer of Multifamily at HGI. "Leveraging our extensive management expertise in Texas, we are confident in our ability to drive a successful lease-up and fully capitalize on potential […]

LAKE NONA, FL - Flournoy Development Group and JR West announced the groundbreaking of Ellison Nona, the newest addition to Ellison, Flournoy's premier multifamily brand. Located in the thriving Lake Nona submarket of Orlando, Florida, the development spans approximately 14.2 acres and features 377 thoughtfully designed one-, two-, and three-bedroom residences tailored to a variety of lifestyle needs. The "Class A" community embodies luxury, convenience, and connectivity, offering a distinguished living experience with a range of premium amenities. The free-standing clubhouse will include a state-of-the-art fitness center, a yoga and spin studio, a virtual golf simulator, and a resort-style pool overlooking Lake Whippoorwill. Outdoor amenities include a dog park, pickleball court, […]