Multifamilybiz-com News

ATHENS, GA - Morrison Avenue Capital Partners, a real estate investment firm specializing in multifamily and student housing development and acquisitions in the Southeast, announced the recent closing and construction start of Hilltop Athens, a new 222-bed purpose-built student housing community in Athens, Ga. The project aims to address increasing demand for quality student housing in the area. Located within a mile of the University of Georgia campus and downtown Athens at 218 North Avenue, Hilltop Athens offers a combination of luxury townhomes and garden-style flats as well as community amenities including a clubhouse, fitness center, pool, and grilling pavilion. Floor plans range from one to four bedrooms and feature luxury countertops, stainless steel appliances, in-unit washer and […]

PORTLAND, OR - Guardian, a Pacific Northwest-based multifamily owner, operator and developer, has acquired Ladd Tower, a 23-story, 332-unit residential high-rise located at 1300 S.W. Park Avenue in Portland, Oregon. The deal was completed in partnership with PCCP for $63 million. The Ladd Tower acquisition reflects Guardian's conviction in Portland s urban core. With institutional capital broadly retreating from downtown markets, Guardian's continued confidence in high-quality, well-located urban housing positioned the firm to acquire this asset at a highly attractive basis. Built in 2009 and LEED Gold certified, Ladd Tower includes more than 255,000 square feet of residential space and a full suite of amenities, positioning it competitively within the downtown high-rise segment. The […]

GERMANTOWN, MD - Mission-based affordable housing developer NHPF announced its closing on the acquisition of Hadley Germantown (previously known as Elme Germantown), a 218-unit apartment community located in Germantown, Maryland. The transaction underscores NHPF's continued commitment to preserving and enhancing affordable housing in high-opportunity markets through innovative financing strategies. Originally built in 1990 and last renovated in 2011, Hadley Germantown provides naturally occurring affordable housing (NOAH). NHPF is placing covenants on the property that will restrict future rents to 60% of the Area Median Income for 50% of the units and 80% AMI for an additional 25% of the units. "Hadley Germantown represents a strong opportunity to preserve affordability in a high-demand […]

RIVERDALE, NY - RiverSpring Living officially broke ground on River's Edge, a transformative new senior living community that will become New York City's first and only Life Plan Community. Located on RiverSpring Living's expansive 32-acre campus along the Hudson River and just minutes from Manhattan, River's Edge will offer a world-class, luxury living experience designed for adults age 62 and older. River's Edge is sponsored by RiverSpring Living, a nonprofit organization with more than a century of service to older adults. Its legacy includes the internationally recognized Hebrew Home at Riverdale, a leader in skilled nursing, rehabilitation, and memory care. "This groundbreaking represents more than the start of construction—it is the realization of a bold vision for how older […]

RALEIGH, NC - Preiss, a leading national student housing and multifamily owner, developer, and operator, in partnership with boutique real estate investment and development firm FD Stonewater, announced its latest residential developments: Signature at Varsity in Raleigh, North Carolina, and Signature on Grand in Knoxville, Tennessee. Both properties are slated for delivery in Fall 2027, bringing a combined 1,207 beds of high-end, purpose-built student housing to two of the nation's most prominent university markets. Signature at Varsity | Raleigh, NC: Located at 1400 Crest Road, Signature at Varsity boasts an unmatched, flagship location directly across from NC State's Greek Village. This 679-bed development is designed to be the premier residential hub for the university's Greek Life […]

CHARLOTTE, NC - Ginkgo Residential announced that it has acquired Edgewater Village, a multifamily community located in Greensboro, North Carolina. The acquisition further expands Ginkgo s presence in the Carolinas and marks a significant milestone for the company, which now exceeds 10,000 workforce housing units managed across North and South Carolina. Strategically positioned in one of North Carolina s established growth corridors, Edgewater Village offers a compelling opportunity to preserve and enhance attainable housing through Ginkgo s proven value-add platform. The company plans to invest in unit interior upgrades, community enhancements, operational efficiencies, and sustainability-focused improvements designed to elevate the resident experience while maintaining affordability. […]

PARAMUS, NJ - 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 Garden State Plaza, a contemporary mixed-use community located within the emerging Westfield Garden State Plaza town center in Bergen County. Modera Garden State Plaza, which will feature 575 homes in two separately branded residential buildings, includes 48,000 square feet of ground-floor retail space and a refined suite of wellness-themed amenities. The community will serve as a key residential component of the redevelopment of Westfield Garden State Plaza, which is home to an abundance of national retailers, high-end fashion outlets and a variety of dining options. First move-ins are anticipated […]

ATLANTA, GA - ECI Group and ApexOne Investment Partners announced the formation of a strategic joint venture to form ApexOne-ECI Multifamily Fund VI, LP, to acquire, invest in, strategically redevelop and renovate, lease, and manage institutional-quality multifamily assets across the Sunbelt, Midwest, and Mountain West regions of the United States. The Fund will seek total equity capitalization of $500 million. ECI and ApexOne will serve as the Fund's co-general partners and have committed to co-invest, as called, more than $100 million of the Fund's $500 million total equity capitalization alongside committed investor equity capital. ECI Group's capital commitment to the Fund is in partnership with Almanac Realty Investors, a business unit of Neuberger Berman, which has committed up to […]

SAVANNAH, GA - Thompson Thrift, a full-service real estate company engaged in multifamily and mixed-use development across the country, recently hosted a ribbon cutting for The Liliana, a 360-unit Class A multifamily community in the prosperous Savannah suburb of Pooler. Resident move-ins began in July 2025, while construction completed in April 2026. "We're proud to celebrate the official grand opening of The Liliana and expand our presence in the growing Savannah region," said Angie Atkins, senior vice president of community management for Thompson Thrift. "The Liliana reflects our commitment to delivering a high-quality resident experience through thoughtful, modern design, high-quality amenities and spaces that support both comfort and connection." Located on 23 acres near the […]

DALLAS, TX - The Marianne on Inwood will bring luxury senior living to Dallas, addressing an increasing need for high-quality senior living options as residents age 65+ represent the city's fastest-growing population. The 3-acre community will offer 96 independent living, 42 assisted living and 24 memory care residences, with a mix of studio, one- and two-bedroom floor plans. Common areas will feature an ultra-luxury, hospitality-inspired design, plus larger, well-appointed apartment layouts that reflect the scale and comfort of homes familiar to those in the area. According to the city of Dallas, the number of seniors age 65+ has grown five times faster than the rest of the population, making up about one-third of the city's total growth over the past decade. "As the first baby boomers […]

CHANDLER, AZ - Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced the start of preleasing at Modera Chandler, a contemporary garden-style community in southeast Phoenix. The community, which offers 345 spacious homes contained within seven three-story buildings, features a modern farmhouse-style aesthetic, a refined suite of amenities and a variety of high-end features and finishes. First move-ins are anticipated for May. "We're eager to welcome our initial residents to Modera Chandler, which we believe will quickly become a benchmark for quality and design in the area," said Tyler Wilson, senior managing director of development of the Southwest region for Mill Creek Residential. "Chandler […]

CLIFTON PARK, NY - MLG Capital, a national leader in private real estate investments, announced its acquisition of Kensington at Halfmoon, a 200-unit multifamily community located in the Clifton Park submarket of the Albany, New York MSA. Built in 2014, Kensington at Halfmoon features expansive one‑ and two‑bedroom residences, direct‑access private garages, and a highly competitive amenity package, including a resort‑style pool, fitness center, yoga studio, movie theater, game lounge, and dog park. Kensington at Halfmoon exemplifies the type of institutional‑quality asset we seek: strong in‑place cash flow, durable fundamentals, and long‑term value support, said Daniel Price, Chief Investment Officer and Principal at MLG Capital. The property offers a compelling […]

ALEXANDRIA, VA - Bonaventure, an operator-led multifamily real estate investment firm with approximately $2.8 billion in assets under management (AUM), announced the closing of Royal Pointe Apartments, a 208-unit multifamily community in Virginia Beach, VA. The $39.5 Million acquisition was completed through Bonaventure Multifamily Income Trust (BMIT) and demonstrates the company s continued focus on value-add multifamily investments across the Mid-Atlantic and Southeast regions. The transaction incorporated a combination of tax-efficient structures, including a partial 1031 exchange and a 721 exchange (UPREIT), providing flexibility and liquidity options for the investors. Bonaventure worked with Greystone to assume the property s existing financing as part of the acquisition. In a […]

CHARLOTTE, NC - Housing Impact Fund (HIF), an innovative investment fund aimed at preserving and providing quality affordable housing in the increasingly expensive Charlotte rental market, announced more than $100 million of private sector capital raised to acquire, renovate and protect 1,500 apartment units serving some 5,000 low- and moderate-income residents through its third and largest fund to date. The announcement follows HIF's success in acquiring, since 2020, nearly 2,000 apartments that are near jobs, transportation, essential services and good schools. Upon acquisition, all apartment communities are renovated so that they are not only affordable but also a quality place to live and raise a family. All apartments are protected with restrictions, so they remain affordable for […]

BRONX, NY - Community Access, a non-profit organization that expands opportunities for people living with mental health concerns to recover from trauma and discrimination through affordable housing, training, advocacy, and healing-focused services, joined co-developer Mega Group and state and local officials to celebrate the groundbreaking of 521 East Tremont Avenue. This new $162 million development in the East Tremont/Crotona neighborhood of the Bronx is co-developed by Mega Group, Community Healthcare Network, and Community Access. The 213-unit development will provide a mix of affordable and supportive housing for income-eligible individuals and families, and individuals living with mental health concerns who have experienced homelessness. Ground-floor retail will also contribute to […]

PLANTATION, FL - MAXX Properties, a privately held, a vertically-integrated multifamily owner, operator and investment manager, announced the acquisition of The Ellery, a 250-unit, Class A multifamily community located in Plantation, a highly desirable submarket in South Florida. The transaction was sourced directly through an off-market arrangement with the seller. Originally built in 2018, the community – formerly known as Bell at Plantation – has been rebranded as The Ellery, reflecting MAXX's long-term vision for the property and its connection to the local community. The name pays homage to Ellsworth D. Gage, the first mayor of Plantation, grounding the asset in the city's history while positioning it for future growth. "This acquisition reflects our continued focus on […]

FORT WASHINGTON, PA - Local officials joined prominent East Coast developer Jefferson Apartment Group (JAG) and equity partner CP Capital to celebrate J Veridian Upper Dublin, an amenity-rich, 310-unit Class A community in Fort Washington, Pennsylvania. Located at 1125 Virginia Drive, the site of a former office park, the community comprises three 5-story buildings and 8 acres of walkable open space with a 1.4-mile trail connecting to the Cross County Trail. Upper Dublin Township has worked to revitalize and reimagine the office park as a mixed-use hub with commercial, residential, and recreational offerings. And up until today, the residential was missing, Upper Dublin Township Commissioner Harm Scherpbier said during the April 14 ribbon-cutting. I believe that more residential […]

WEST BABYLON, NY - Preservation Equity Fund Advisors (PEF Advisors), a real estate private equity group focused on preserving existing affordable housing in high-cost markets, announced their recent acquisition of Belmont Villas, a 164-unit apartment community in West Babylon, New York. Belmont Villas is located in Suffolk County, a high-cost rental market on Long Island's South Shore. The units at Belmont Villas are restricted to residents aged 55 and older. The property is located on Long Island, approximately one hour from New York City. Built with low-income housing tax credits in 2009, the property is restricted to residents with income levels at 60% of Area Median Income (AMI). The property is comprised of eight two-story residential buildings in a low-density setting with 13.9 […]

WASHINGTON, DC - The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with Marshall Heights Community Development Organization (MHCDO), announced the financial closing and groundbreaking of The Waymark, a 109-unit, affordable community in Washington, D.C. s Ward 7. The new housing development will be reserved for families and individuals earning up to 30%, 50% and 80% of the Area Median Income (AMI). The milestone underscores The NRP Group s commitment to expanding its national portfolio of high-quality, best-in-class affordable housing at a time when the country faces heightened economic uncertainty and tightening capital markets. This is a uniquely challenging site, but it offers great connectivity through the […]

NEW YORK, NY - GID, a vertically-integrated real estate owner, operator, developer and investor with $32.1 billion in assets under management, announced the continued expansion of GID Residential Partners, its national development platform, with a strategic entry into the Mid-Atlantic market. The initiative will be led by industry veteran Duncan Jones, who joins the firm as Senior Managing Director. Building on GID s longstanding multifamily development experience, the entry into the Mid-Atlantic market, comprising Maryland, Washington D.C., Northern Virginia and North Carolina, represents an extension of the Company s recently announced GID Residential Partners platform. GID's presence across these states reflects the firm's ongoing focus on expanding its private market real estate […]