Multifamilybiz-com Press Releases

MIAMI, FL - Trilogy Investment Company, a vertically integrated residential development and investment firm, has closed a construction loan and broken ground on REV3 at Champions Point, a 194-unit build-to-rent townhome community in Myrtle Beach, South Carolina. Representing the third closing in 2026, the milestone advances development of the fully owned project and marks Trilogy s continued expansion across high-growth Sun Belt markets. Vertical construction is expected to begin in Q2 2027. Myrtle Beach has emerged as one of the Southeast s fastest-growing coastal regions, driven by sustained in-migration, employment growth, and year-round lifestyle appeal. Horry County has been among the fastest-growing counties in South Carolina over the past decade, with population growth exceeding […]

BALTIMORE, MD - Continental Realty Corporation (CRC), a Baltimore-based real estate investment and management company active in 15 states with more than $4.2 billion in Assets Under Management (AUM), has added to its South Carolina multifamily portfolio with the acquisition of Elevate at Brighton Park, a property with 329 apartment homes located at 115 Great Lawn Drive in Summerville. American Landmark was represented by Newmark s Alex Okulski in its sale of this property, which is within the Nexton master-planned community. Elevate at Brighton Park boasts a superior location and premier visibility with multiple entry points within the Nexton community, and this investment presents a strong opportunity to drive performance through select value-add enhancements and further add to the […]

NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided a $115,000,000 Freddie Mac loan to refinance Courtlands on the Park, a 918-unit multifamily apartment community located in Des Plaines, Illinois. The financing was originated by Greystone s Eric Rosenstock, Senior Managing Director, on behalf of CLK Properties, a repeat client. Built in 1973, Courtlands on the Park in Cook County is a garden style apartment community consisting of 153 buildings with 913 one- and two-bedroom units that have been recently renovated with modern appliances and finishes. Property residents enjoy access to amenities such as a playground, dog park, grilling stations and on-site parking. The $115,000,000 non-recourse, fixed-rate Freddie Mac loan, which features a […]

CHICAGO, IL - Evergreen Real Estate Group and Globeville Redevelopment Partners LLC, in partnership with the Denver Public Library and the city and county of Denver, have started construction on 4965 Washington Street, a five-story, 170-unit mixed-use community in Denver s Globeville neighborhood. The $132 million development will transform a city-owned parcel on the site of a former car dealership into housing for families earning between 30% and 80% of the area median income. Approximately half of the homes will offer larger three- and four-bedroom floor plans, with the balance comprising one- and two-bedroom residences. The lower level will feature the first permanent Denver Public Library branch in the Globeville neighborhood as well as a community café, owned by Tierra Colectiva. […]

TIMONIUM, MD - Peak Management, LLC recently completed a $4.5 million comprehensive interior and exterior enhancement and improvement strategy at Ruxton Tower, a mixed-use community located at 8415 Bellona Lane in the Towson area of Baltimore County. Peak Management, LLC, an affiliate company of Hill Management Services, Inc. acquired the asset, a multifamily community comprised of 146 high-rise apartment units and a 25,000 square foot commercial office space component, in 2021. Peak Management regularly invests in extensive improvement programs throughout our portfolio to enhance and maintain best-in-class living and working experiences, and assure the long-term performance of assets, explained Teresa Rosier, Vice President of Peak Management. We consider Ruxton Tower an iconic […]

MIAMI, FL - South Florida-based real estate development firms CMC Group and Fort Partners today closed a $323.8 million construction loan from Bank OZK, a leading national lender, for Four Seasons Private Residences Coconut Grove, the highly anticipated luxury development marking the global brand s first standalone residential offering in Florida. The financing attracted exceptional interest, with depth of demand and competitive terms surpassing recent luxury residential transactions in Coconut Grove, reinforcing the strength of the Four Seasons brand and confidence in the project s execution and sales momentum. Jim Shindell and Hannah Lidicker of law firm Bilzin Sumberg represented the development team in the transaction. On the heels of breaking ground in October, construction work on […]

DALLAS, TX - StreetLights Residential, a nationally recognized developer of high-quality multifamily and mixed-use communities, has partnered with Mitsui Fudosan America to develop a 20-story luxury multifamily high-rise at the southeast corner of Park Lane and US-75 in Dallas. The development will deliver 365 thoughtfully designed residences, including studios and one-, two-, and three-bedroom homes ranging from approximately 505 to 1,707 square feet. The project will feature structured parking, ground-level retail, and an extensive suite of hospitality-inspired amenities. Construction is scheduled to begin in February 2026, with completion anticipated in January 2029. This is StreetLights Residential and Mitsui Fudosan America s second joint venture development following The Oliver, a […]

SCOTTSDALE, AZ - The Multifamily Innovation® Council announced today it will host a free live virtual webinar titled The Future of Multifamily Operating Models on March 17, 2026, at 10:00 AM Pacific / 1:00 PM Eastern. The session will examine how autonomous systems and artificial intelligence are redefining multifamily performance and organizational design. The webinar addresses a major structural shift underway across the industry: the move from human-assisted software to human-orchestrated autonomous execution. As marketing, leasing, and compliance workflows converge into intelligent, continuous systems, operators are being challenged to rethink not just their technology stack — but how their portfolios function at scale. This live webinar is part of the Council s ongoing education […]

SAN DIEGO, CA - Sunrise Management, a San Diego-based multifamily management firm with nearly five decades of local market expertise, has assumed day-to-day management of a six-property, 532-unit multifamily portfolio in Encinitas and Carlsbad through a new partnership with Property West Residential. The portfolio, owned by San Diego-based Property West – an experienced multifamily owner with units across Southern California – is concentrated in highly desirable, supply-constrained coastal submarkets where limited new development, strong demographics and lifestyle-driven demand continue to reinforce long-term performance. Sunrise Management, which has specialized exclusively in multifamily operations since 1978, will oversee marketing, leasing and daily operations for the communities, […]

SUNNY ISLES BEACH, FL - WD Capital Group announced today that it advised on the arrangement of a $7.6 million refinance credit facility for Bella Residences, a 23,000 SF boutique residential property located at 225 179th Drive in Sunny Isles Beach, Florida. Working on behalf of the borrower, Circle Capital Partners, WD Capital Group placed the senior loan financing with W Financial. The transaction was led by Emile Schachter, Managing Partner at WD Capital Group. Well-structured refinance transactions remain a critical tool for sponsors seeking to preserve flexibility in today s market, said Schachter. This facility reflects the quality of the asset, the strength of sponsorship, and the importance of aligning capital with ownership objectives. Bella Residences is situated within the […]

CHICAGO, IL - Kiser Group is pleased to announce the successful closing of a 28-unit courtyard apartment building located at 5553–59 N. Magnolia in Chicago s highly sought-after Andersonville neighborhood. The property sold for $7,800,000 and was represented by Kiser Group brokers Jacob Price and Katie LeGrand. The building features 23 one-bedroom units and 5 two-bedroom/two-bath duplex units, all thoughtfully renovated in 2015 with modern finishes including central heating and cooling, shaker cabinets, granite countertops, in-unit laundry, and a landscaped courtyard. Located just 0.1 miles from the Bryn Mawr CTA Red Line and 0.3 miles from Andersonville s Clark Street retail corridor, this property offered an exceptional combination of convenience, quality, and location. The building […]

NEW ORLEANS, LA - 365 Connect, the multifamily industry s leading innovator in AI-driven marketing, leasing, and resident engagement platforms, announced today its CEO, Kerry W. Kirby, has released his latest podcast; Automation to Autonomy: Predictions for The Future of Multifamily Operating Models. The podcast is now streaming on MultifamilyBiz, the largest media resource in the multifamily housing industry, and across all major podcasting channels worldwide. Automation to Autonomy: Predictions for The Future of Multifamily Operating Models examines the structural shift redefining the industry as technology moves from supporting staff to becoming the operating layer itself. In this forward-looking episode, Kerry W. Kirby explores how autonomous systems, AI-driven labor, and built-in […]

DALLAS, TX - JPI, a leader in Class A multifamily development, has broken ground on Portico, a 272-unit, mixed-use development in Long Beach, Calif. Today, the company hosted a groundbreaking ceremony to celebrate the $150 million project, commencing the first phase of a 900-unit master plan to redevelop the Mosaic shopping center, formerly known as City Place Long Beach. Major Rex Richardson delivered keynote remarks to commemorate the occasion alongside other city officials and project leaders from JPI, AC Martin, Salas, Coffman, DEA, MJS and Turnbridge Equities. It s exciting to see this vibrant mixed-use project take shape, said Mollie Fadule, chief financial and investment officer at JPI. Long Beach continues to grow with new development throughout the downtown core, and we re […]

NEW YORK, NY - Greystone, a leading national commercial real estate finance company, announced it has provided a $49,207,000 Fannie Mae DUS® loan to refinance a 150-unit multifamily community located in Norwalk, Connecticut. The financing was originated by Greystone s Clint Darby and Andrew Remenschneider, on behalf of Spinnaker Real Estate Partners. Built in 2024 in Fairfield County, SoNo Central is a six-story apartment complex featuring studio, one-, and two-bedroom units, and 12 commercial units. Residents enjoy access to a fitness center, community great room with co-working lounge, and a courtyard with swimming pool, barbeque stations and bocce ball court. The property helps provide more affordable housing for the community in having at least 10% of the dwelling units rented to […]

BATON ROUGE, LA - The Dinerstein Companies ( TDC ), a full-service real estate and development company, in partnership with Harrison Street Asset Management ( HSAM ), a leading global real assets investment manager with more than $108 billion in assets under management, today announced their plans for two new student housing developments near Louisiana State University ( LSU ): Sterling Tiger Valley and Sterling Southgate. Together, the communities are expected to deliver more than 1,700 beds ahead of the 2027 and 2028 academic years. LSU s engineering and business schools, student union and other campus life centers, Sterling Tiger Valley is slated to offer 259 units ranging from 1-bedroom to 5-bedrooms, totaling 845 beds. The property is surrounded by pedestrian-friendly streets, nearby […]

CHICAGO, IL - Kiser Group is pleased to announce the successful off-market sale of a newly constructed, 24-unit boutique apartment building located in the heart of Chicago s Lincoln Park neighborhood. Directors Katie LeGrand and Jacob Price represented the seller in the $13,225,000 transaction. Completed in 2025, the five-story elevator building features a highly desirable unit mix primarily comprised of two-bed/two-bath and three-bed/two-bath layouts. All residences include in-unit laundry, stainless steel appliances, quartz countertops, and modern designer finishes. The property offers an expansive rooftop amenity deck with panoramic city views, a pickleball court, full outdoor kitchen with grill and TV, and a spacious sundeck. Additional conveniences include bike storage and elevator. […]

BALTIMORE, MD - Continental Realty Corporation (CRC) rose three spots to #5 nationally in ApartmentRatings latest ranking of top multifamily management companies, earning recognition in the 35+ community portfolio category based on epIQ (Experience & Performance Intelligence Quotient) Index scores. A Baltimore-based national real estate investor and operator active in 15 states, CRC owns and manages more than 10,000 apartment homes and has more than $4.2 billion in Assets Under Management (AUM). The twice-annual ranking is driven by verified resident feedback and online reputation data, reinforcing CRC s people-first approach and commitment to delivering consistent, high-quality resident experiences across its portfolio. CRC achieved a SatisFacts Company Award with an overall score of […]

CHICAGO, IL - Vi, an award-winning operator of 10 continuing care retirement communities across the United States and a pioneer in senior living for more than three decades, today unveiled a new and more expansive approach to its wellness experience designed to reflect today s evolving attitudes toward aging and retirement. Launching across all Vi communities, Vista 360 Well-Being is a future-focused, holistic framework that enhances overall well-being while empowering residents to live life on their own terms. The program reinforces Vi Living s longstanding commitment to innovation and elevates the resident experience across its communities.; Vi communities offer independent living supported by a full continuum of care and are widely recognized for their hospitality-driven approach to […]

CHICAGO, IL - Kiser Group Partner Mark Myers successfully closed the sale of an 84-bed senior housing community located in a rural market east of Cleveland. The property traded for $7 million and features a diversified care mix comprising 76 Skilled Nursing Facility (SNF) beds, 5 Assisted Living Facility (ALF) units, and 3 Independent Living Facility (ILF) units. Situated on 26 acres, the community was originally constructed in 1950 and expanded through multiple additions between 1965 and 2001, offering operational flexibility and long-term adaptability. At the time of sale, occupancy ranged between 70% and 80%, with a 44% quality mix, negative EBITDA, and a strong 5-star CMS rating, positioning the asset as a compelling value-add opportunity for an experienced operator. The buyer is a […]

MOUNT PROSPECT, IL - Eastham Capital, a private equity real estate firm dedicated to providing superior, risk-adjusted returns to investors through the transformation of undervalued multifamily real estate, has announced the acquisition of The Element, a 509-unit garden-style community in Mount Prospect, a suburb of Chicago, Illinois. South Florida-based Eastham Capital acquired the community for $75.25 million through its newest fund, Eastham Capital Fund VII, LP, with its trusted operating partner, Bender Companies. To date, Eastham and Bender have co-invested in ten projects, all of which are currently delivering above-proforma returns. We are excited to announce the first acquisition for Eastham Capital Fund VII. The Element will be an excellent investment for our fund. We look […]