Multifamilybiz-com News

CHARLOTTE, NC - Sherman Residential acquired Elan Prosperity Village, a Class A multifamily property in Charlotte, NC, and renamed it The Wrenley. The Wrenley is a 300-unit luxury apartment community located in the heart of the rapidly growing Prosperity Village submarket of Charlotte. Situated just off Interstate 485 the property offers exceptional connectivity to major employment centers, with access to more than 300,000 jobs within a 20-minute drive, including Uptown Charlotte, University Research Park, and the Concord industrial corridor. With the recently added Vanguard campus in University Research Park, The Wrenley's residents will drive only five minutes to reach top employers such as Vanguard, Allstate, TIAA, and Wells Fargo. Within the Prosperity Church Road neighborhood, The […]

SAN DIEGO, CA - Canyon Partners Real Estate and MG Properties announced their acquisition of the Shift Apartments, a multifamily building in the Downtown submarket of San Diego, CA. Shift Apartments is comprised of a 21-story and 5-story multifamily community with 368 residential units, 18,840 square feet of ground floor retail space, and a 501-space structured parking garage. The property was completed in 2018 and includes units with high-quality finishes including quartz countertops and kitchen islands, designer kitchen and bath plumbing fixtures, and stainless-steel appliances. Building amenities include a modern fitness facility, dog park, EV charging stations, and a co-working space with WiFi and private offices. The 21st floor also includes a sundeck, pool, spa, and sky lounge, […]

WASHINGTON, DC - Penzance, a vertically integrated real estate fund manager, acquired approximately $200 million in multifamily and residential assets totaling 1,100 units and over 1.2 million square feet during the fourth quarter of 2025, significantly expanding its footprint across Virginia and the Carolinas. The four projects target a mix of high-growth markets with strong employment drivers and limited new supply. The acquisitions include stabilized communities purchased well below replacement value, along with a build-to-rent development, deploying capital across a range of risk-adjusted strategies. By combining selective redevelopment, operational upgrades, and new development, Penzance positions each of the four assets to capitalize on local market strength while diversifying its […]

PALM BEACH GARDENS, FL - Aventine Development and Seawood Builders celebrated the groundbreaking on Phase I of Arbor House, a refined new residential community designed to pair timeless sophistication with an easy, connected way of living. Arbor House is a luxury multi-family development with 13 stories and 302 units, offering a mix of studio to three-bedroom apartments. An attached garage with 480 parking spaces complements amenities, including a 7,000-square-foot deck on the eighth floor featuring a wellness center, state-of-the-art fitness center, golf simulator, cold plunge, sauna, resort-style pool, and a ground-floor work-from-home lounge. "High-rise luxury rental apartment living is something new and different for Palm Beach Gardens," said Ed Masi, President/CEO of Seawood […]

SAN DIEGO, CA - Properties, a San Diego-based multifamily real estate investment firm, announced the acquisition of Dylan Point Loma Apartments, a multifamily community located in the highly sought-after Point Loma neighborhood of San Diego. Dylan Point Loma is situated in one of San Diego's most desirable coastal submarkets, offering residents convenient access to major employment centers, beaches, dining, and entertainment. The community features oversized floorplans averaging 1,134 square feet and garages for each unit. The acquisition aligns with MG Properties' long-term strategy of investing in high-quality apartment communities in strong West Coast markets. "This acquisition represents a compelling opportunity to expand our footprint in San Diego, a submarket where our business […]

LOS ANGELES, CA - Bascom Northwest Ventures announced the sale of Tempo at Riverpark Apartments. The 235-unit property was sold by a Bascom affiliated venture for $105,000,000 to a venture led by Hines. Tempo at Riverpark is located less than a mile from the Pacific Ocean in Oxnard, California and just outside Los Angeles. Bascom Value Added Apartment Investors Fund IV ("Fund IV"), an affiliate of The Bascom Group, LLC, and a private investment group led by Bascom Northwest purchased property for $75,250,000 in 2018. Brian Wirtz, Managing Director of Bascom Northwest, assisted throughout the investment execution process. Oxnard is less than an hour's drive from Downtown Los Angeles and only minutes' drive to the Pacific Ocean. Located between Thousand Oaks and Ventura, Oxnard has […]

NEW ORLEANS, LA - Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, broke ground on NSA East Bank Apartments, a landmark adaptive-reuse development that will transform a decommissioned naval base into 294 affordable housing units and 30,000 square feet of ground-floor retail in New Orleans' Bywater neighborhood. NSA East Bank Apartments will serve as the residential anchor of a landmark rehabilitation of the Naval Support Activity (NSA) complex, which has sat vacant since 2011. The multiphase development will include the NewLab innovation hub—a cutting-edge facility dedicated to advancing energy industry breakthroughs and tech startup growth—and future phases including the Railyard Marketplace and a riverfront estuary park. "This project […]

FORT WORTH, TX - The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, announced the completion and grand opening of Thrive on Crawford, a 67-unit mixed-income development in Fort Worth, Texas. The majority of homes are reserved for families earning 30%, 50% and 60% of the Area Median Income (AMI), with seven market-rate units available. The development integrates high‑quality housing with access to essential health services to improve long‑term outcomes for residents. The development includes 2,200 square feet of Class‑A commercial space leased to JPS Health Network. Thrive on Crawford was designed to go beyond traditional affordable housing – integrating wellness services, quality amenities and convenient access to […]

CANTON, GA - The Milestone Group announced the acquisition of Legends at Laurel Canyon, a 266-unit, garden-style apartment community located in the rapidly growing North Atlanta suburb of Canton, GA. The purchase price was not disclosed. "Legends at Laurel Canyon represents a compelling opportunity to acquire a high-quality, newer vintage asset in one of metro Atlanta's fastest-growing submarkets," said Milestone Managing Director of Acquisitions, Jason Wise. Cherokee County has grown over 12% in the last five years and is expected to grow an additional 51% by 2050. Canton is in the northern suburbs of Atlanta in Cherokee County, where more than 62,000 residents and close to 30,000 jobs have been added over the last decade. The community offers immediate access to a Publix-anchored […]

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 […]