Multifamilybiz-com News

BRONX, NY - The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, today announced the groundbreaking of Sol on Park, a 229-unit, 100 percent affordable senior housing development in the Morrisania section of the Bronx, New York. Co-developed in partnership with Selfhelp Realty Group and Foxy Management, in collaboration with the New York City Housing Authority (NYCHA), the New York City Department of Housing Preservation and Development (HPD) and the New York City Housing Development Corporation (HDC), the $214 million project will provide health-conscious amenities and permanently affordable homes for seniors ages 62 and up, including formerly homeless New Yorkers and seniors currently residing in NYCHA s Morris Houses campus. Sol […]

BOISE, ID - Thompson Thrift, a full-service nationally recognized real estate company, announced the development of The Highline, a 300-unit luxury multifamily community in Nampa. The community is expected to welcome its first residents in early 2028. The Highline reflects our continued commitment to thoughtful growth in markets with strong long-term fundamentals, said Josh Purvis, managing partner of Thompson Thrift Residential. As we expand our presence in the Boise area, we remain focused on creating high-quality communities that serve residents and positively impact the surrounding neighborhood. The Highline will be located within East Ranch, a master-planned mixed-use community that will feature a blend of high-value single-family homes and flex industrial space with integrated […]

FRISCO, CO - The NHP Foundation (NHPF), the Town of Frisco and state and regional partners celebrated two major housing milestones that together will bring 106 new affordable and workforce homes to Frisco: the groundbreaking of The Bella, a 52-unit affordable housing community, and the opening of The Scout, a 54-unit workforce housing community. The two developments, located just blocks apart, represent complementary approaches to one of the most pressing challenges facing Colorado's mountain communities: creating housing that allows people across a range of incomes to live closer to where they work. On Tuesday, September 22, NHPF, the Town and state housing partners broke ground on The Bella, NHPF's first Low-Income Housing Tax Credit (LIHTC) development in Colorado. Three days later, […]

LELAND, NC - BAM Capital, the private equity arm of The BAM Companies, announced the acquisition of The Marling at Town Creek, a 334-unit multifamily community completed in 2024 in Leland, North Carolina, just outside Wilmington. The purchase marks BAM Capital's entry into the Southeast and is the latest addition to BAM Multifamily Growth Fund V. "We've been evaluating opportunities in North Carolina for more than five years, with a particular interest in entering the Wilmington market," said Ivan Barratt, Founder and CEO of The BAM Companies. "We believe the combination of an attractive acquisition basis, strong population growth, and favorable supply-and-demand fundamentals creates a compelling foundation for this investment." Acquired at an estimated 17.4% discount to replacement cost, […]

DALLAS, TX - Elevest Capital, a Scottsdale-based private equity firm focused on passive multifamily real estate investing, announced the launch of Fund 70, a 229 unit, 35 story high-rise apartment community in an A+ location in Downtown Dallas, Texas. Built in 2007, the property has maintained 90%+ physical occupancy for the past 10 years and is currently 93% occupied, with no rental concessions offered over the past 12 months. "Fund 70 is exactly the kind of asset we look for: a well-located, well-occupied property with a track record of stability," said Adam Williams, Founder and CEO of Elevest Capital. "Buying at a 6.4% cap rate in an A+ downtown location is rare, and it's the highest going-in cap rate we've ever purchased across all of our funds. For our investors, that means a strong […]

MAIMI, FL - Walker & Dunlop, Inc. announced that it has arranged $238,000,000 to refinance The Landmark South, a 631-unit, Class A multifamily community in Doral, Florida. Walker & Dunlop Capital Markets Institutional Advisory arranged the financing on behalf of JSB Capital. Aaron Appel, Michael Stepniewski, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Sean Bastian, and Stanley Cayre arranged the floating-rate, interest-only bridge loan from Torchlight Investors. The scale and quality of The Landmark South generated strong interest from the lending community, and we focused on finding a capital solution that provided both proceeds and flexibility, said Appel, senior managing director of Capital Markets and co-head of Institutional Advisory at […]

WASHINGTON, DC - The NRP Group, a vertically integrated developer, owner, builder and manager of multifamily housing, in partnership with Marshall Heights Community Development Organization, Inc. (MHCDO), announced the completion and opening of Emblem Apartments, a 115-unit affordable housing community located in the heart of Washington, D.C. s NoMa and Union Market neighborhoods. The new community expands access to high-quality, deeply affordable housing in one of the district's most dynamic and high-cost neighborhoods, with all homes reserved for individuals and families earning up to 30% and 50% of the Area Median Income (AMI). The milestone was celebrated with a grand opening celebration on Sept. 23 that brought together local officials, financial partners and community leaders. We […]

LOUISVILLE, KY - Pillar, one of Kentucky s leading social service agencies, unveiled plans for Choice Landing apartments at the official groundbreaking in Oldham County. Designed as a safe, affordable, and thriving residential community, Choice Landing will include 72 units dedicated to independent living for adults with intellectual and developmental disabilities. Choice Landing uniquely marks a major step forward in expanding affordable, supportive housing options for individuals seeking greater independence and will be the first community in Kentucky to be Kelsey Certified. Attendees at the groundbreaking included Kentucky General Assembly Speaker of the House David Osborne; Kentucky State Senator Lindsey Tichenor; Oldham County Judge Executive David Voegele; Pillar Chairman and recent […]

MIAMI, FL - Alpaca Real Estate ( ARE ) and Phoenix Realty Group ( PRG ) announced that a joint venture between the firms has acquired Bay Pointe, a 269-unit, seven-story multifamily community in Miami s South Kendall submarket. The 2024-vintage property is located adjacent to Palmetto Bay with direct access to U.S.-1 / South Dixie Highway and Florida s Turnpike. Bay Pointe offers modern residences and a full amenity package, including a resort-style pool, 24-hour fitness center, business center, resident lounge, and gated garage parking. In-unit amenities include quartz countertops, stainless steel appliances, 36 cabinets, washer/dryer in-unit, and hard surface flooring throughout. The acquisition reflects the partners focus on well-located multifamily properties serving middle-income […]

SAN FRANCISCO, CA - Hamilton Zanze, a leading San Francisco-based multifamily real estate investment firm, announced the contribution of two multifamily communities to the HZ Evergreen Fund: Ecco Apartments in Eugene, Ore., and The Kingson in Fredericksburg, Va. The additions bring the Fund's total holdings to 12 properties. The Evergreen Fund's net asset value now exceeds $340 million, with gross asset value surpassing $800 million. The Fund's holdings now have an average vintage of 1997, and the portfolio spans six states, including Arizona, Colorado, Kansas, Oregon, Virginia and Washington. "Ecco and The Kingson represent more than our 11th and 12th property contributions. They demonstrate the Fund's continued growth and progress toward greater diversification for investors," said Kurt […]

DALLAS, TX - The Bascom Group has acquired the Jasmine Apartments, a 1980-built 370-unit multifamily community located in North Dallas near the Richardson city line. Bascom has historically been one of the more active buyers in Texas, with the purchase of Jasmine marking Bascom's 42nd Texas acquisition. The property was foreclosed on in 2025 by the lender and was marketed by Taylor Snoddy and Eric Stockley of Northmarq's Dallas investment sales team. MORE Capital, an affiliate of Morgan Properties, provided the debt financing for the acquisition, which was arranged by Joe Giordani, Scott Botsford, Brendan Golding, and Alvin Cao with Northmarq's capital markets team. RPM Living will be the property manager and SD-Cap will be the construction manager. James D'Argenio and Chang Liu sourced […]

SEATTLE, WA - Griffis Residential, a vertically integrated multifamily owner and operator based in Denver, Colorado, serving 13 markets coast to coast, announced that Griffis Premium Apartment Fund IV ("Fund IV") has completed the sale of Griffis North Creek, a 524-unit apartment community in the Seattle metropolitan area. Griffis Residential's disciplined investment strategy at Griffis North Creek produced Net Operating Income (NOI) growth nearly triple the National Council of Real Estate Investment Fiduciaries (NCREIF) Property Index for apartments within the respective core-based statistical area (CBSA), reinforcing the firm's cycle-tested approach to value creation. "Despite elevated supply and rising interest rates, we have continued to successfully harvest investments and deliver […]

COLORADO SPRINGS, CO - Thompson Thrift, a full-service, nationally recognized real estate company and one of the nation s leading multifamily developers, recently hosted a ribbon cutting celebration for Switch, a 276-unit Class A multifamily community within Colorado Springs Polaris Pointe development. Switch reflects Thompson Thrift s commitment to creating high-quality communities in locations where residents want to live, work and spend time, said Angie Atkins, senior vice president of community management for Thompson Thrift. With thoughtfully designed apartment homes, resort-style amenities and convenient access to employment, dining and entertainment, Switch offers residents a comfortable and connected lifestyle in Colorado Springs. Located on approximately 11 acres at the […]

WEST LAFAYETTE, IN - GMH Communities, a vertically integrated real estate company specializing in the acquisition, development and management of exceptional living communities throughout the United States, and Invesco Real Estate, the $86 billion global real estate investment platform of Invesco Ltd., announced the acquisition of Grant Street Station and South Street Station in West Lafayette, Indiana. Randall Calvert of TSB Realty served as exclusive sales broker for the transaction. The two-property portfolio includes 176 units and 364 beds serving Purdue University. "Grant Street Station and South Street Station are exactly the type of communities we look for as we continue to grow our student housing portfolio," said Gary Holloway Jr., Chief Executive Officer and President of GMH […]

MADISON, WI - Clarion Partners, a leading real estate investment manager and partially owned subsidiary of Franklin Templeton, Vermilion Development, a full-service real estate investment and development company, and Quartz Lake Capital, a private equity real estate investor and manager, recently hosted an official ribbon-cutting event with the residents, elected officials, distinguished guests, and project team at the newly opened multifamily community The Duncan, located within a federally-designated Qualified Opportunity Zone at 1625 Lock Lane in Madison, Wisconsin. Located on approximately 8.2 acres along Madison s Isthmus, the 309-unit property offers residents a distinctive lakeside living experience with proximity to downtown Madison. Designed to reflect the lifestyle and unique […]

DALLAS, TX - Machine Investment Group, a real estate investment platform focused on opportunistic, distressed and special situations across the United States, announced that it has acquired 75 West, a 490-unit multifamily community in the Park Central submarket of North Dallas, TX. Machine acquired 75 West in a joint venture with RPM Living Investments, which will also serve as property manager. Located at 7927 Forest Lane, 75 West comprises 490 residential units, nearly half of which are townhomes with attached garages. The property also includes approximately 10,800 square feet of fully leased ground-floor retail space. The community is near the intersection of Interstates 75 and 635, adjacent to Medical City Dallas and within reach of major employment hubs across North Dallas. Machine […]

CHARLESTON, SC - Thompson Thrift, a full-service nationally recognized real estate company and one of the nation s leading multifamily developers, announced that it will develop The Whitmore at Ingleside, a new 327-unit Class A multifamily community located within the Ingleside master-planned development in North Charleston. This marks Thompson Thrift s first development in South Carolina and expands the company s national footprint to 25 states. Expanding into South Carolina and reaching 25 states is an important milestone for Thompson Thrift, said Josh Purvis, managing partner of Thompson Thrift Residential. We are excited to enter the Charleston market with The Whitmore at Ingleside, a thoughtfully designed community that will meet the region s growing demand for high-quality rental […]

DALLAS, TX - Baltisse and Peruna, both Belgium-based family offices, in partnership with RPM Living, announced the acquisition of a 374-unit multifamily community in Irving, Texas. Formerly known as The Crest at Las Colinas, the property has been rebranded as The Louis Las Colinas and will undergo a comprehensive capital improvement program. Located along Lake Carolyn in the heart of the Las Colinas Urban Center, The Louis Las Colinas is a five-story apartment community offering studio, one- and two-bedroom residences ranging from approximately 600 to 1,500 square feet. The Louis Las Colinas fits squarely within Baltisse U.S. Real Estate s focus on investing in high-quality, well-located infill apartment communities at significant discounts to replacement cost, said Andrew Lohrfink, […]

INDIANAPOLIS, ID - Milhaus, a national award-winning developer, owner, and operator of Class A multifamily properties, announces the completion of its acquisition of Broadshore Capital Partners, a Los Angeles and New York based, SEC-registered investment management and lending platform with more than 35 years of experience in equity and debt investment strategies. Broadshore will operate under the umbrella of Milhaus, who recently merged with Sares Regis Group (SRG) Residential in spring 2026, forming a national, vertically integrated multifamily platform. With the merger and acquisition finalized, Milhaus will expand opportunities for institutional investors interested in coast-to-coast, full-service multifamily development, property and investment management. The investment firm s […]

AUSTIN, TX - ARCTRUST Private Capital, the capital markets division of the ARCTRUST Group of Companies, and Edison Equity Residential announced the construction loan closing for the development of Serenova at Dripping Springs, a 175-residence, 55+ age-restricted community in Dripping Springs, Texas, located 25 miles west of Austin. The loan was provided by North River Partners. This is ARCTRUST s second collaboration with Edison Equity Residential, a fully-integrated residential development and operating platform focused on age-restricted living communities. This project follows The Serenova at Woodforest, which broke ground in November 2025, and is currently progressing through construction ahead of schedule. Located adjacent to the Headwaters master-planned community, Serenova at […]