Multifamilybiz-com Press Releases

CHICAGO, IL - Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered two separate vintage multifamily property sales in Chicago: an eight-unit apartment building at 10-12 W. Chestnut St. in Chicago s Gold Coast for $3.425 million, and a two-building, 12-unit mixed-use portfolio at 1754-1756 W. 21st Place in the city s Pilsen neighborhood for $3.1 million. Interra Managing Director Jeremy Morton represented the confidential buyer of the Gold Coast building, with Steven Rapoport of Chicago Real Estate Resources, Inc., representing the unnamed seller. Morton and Interra Managing Director Harrison Pinkus brokered the Pilsen deal on behalf of the private seller, with Denise Reyes of HomeSmart Connect LLC representing the confidential buyer. […]

TULSA, OK - Gorrell Hughes Capital today announced new acquisitions of two multifamily properties in the rapidly growing Springfield, Mo. metropolitan area: Sunset Woodland Apartments, a 177-unit community at 2752 South Meadowbrook Avenue in Springfield, and Excelsior Gardens Apartments, a 104-unit property at 1582 South 14th Avenue in neighboring Ozark. Together, the acquisitions represent a 281-unit portfolio strategically located within high-performing submarkets, in close proximity to top area employers, schools, and retail centers. Springfield and its surrounding communities continue to show strength in multifamily fundamentals, said John Gorrell, Managing Partner at Gorrell Hughes Capital. These acquisitions squarely align with our value-add investment strategy, targeting […]

NEW YORK, NY - Greystone, a leading national commercial real estate finance company, announced that it has assisted Cross River Bank ( Cross River ) in completing a $288 million non-agency CMBS securitization, backed by 59 loans secured by 67 properties across four states, and rated by Moody s and Morningstar DBRS. The transaction, CRB 2025-CRE1, was managed on behalf of Cross River by Greystone s Structured Products group, including Leena Amin, Senior Managing Director; Greg Darling, Managing Director; Director Max Garelick, Structurer Scott Fuller; and Vincent Mattaliano, Analyst. This transaction marks a landmark achievement — the first of its kind for Cross River Bank and only the second CMBS securitization backed by seasoned, community bank-originated loans concentrated in the […]

CHICAGO, IL - Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it facilitated the sale of two value-add multifamily buildings in the northwest Chicago area totaling $4.65 million. The two-building, 16-unit 1860-1900 N. Parkside Drive in Park Ridge, Ill., sold for $2.75 million, and the 12-unit 8544-48 W. Gregory St. in Chicago s O Hare submarket transacted for $1.9 million. Interra Managing Partner Patrick Kennelly, Managing Partner Paul Waterloo and Director Nathan Zito represented both the confidential buyer and seller of 1860-1900 N. Parkside. Kennelly, Waterloo and Zito also represented the undisclosed partnership seller of 8544-48 W. Gregory, with Oleg Komarnytskyy of KOMAR Real Estate representing the private buyer. Both properties […]

FORT MILL, SC - Weidner Apartment Homes, the 12th-largest owner of multifamily housing in the U.S., has acquired Palmetto Place Apartments in Fort Mill, SC, one of the fastest-growing submarkets in the Charlotte metropolitan area. This acquisition marks Weidner s first community in South Carolina and brings the company s Charlotte MSA portfolio to 1,068 apartment homes. Built in 1996 on 12.55 acres, Palmetto Place is a 184-unit garden-style community with various one-, two-, and three-bedroom homes totaling 177,508 square feet of net rentable area. The community features three finish levels across the unit mix, offering a compelling value-add while still catering to a mix of renters. Additionally, in recent years, the community s shared spaces, amenities, and landscaping have undergone […]

MIAMI, FL - GAIA Real Estate, a leading full-service real estate investment firm, has moved its national headquarters to Miami from New York. GAIA opened its first Miami office at the start of 2025 and has now signed an additional lease at the space to expand as the firm grows through new hires in the market. After 16 years of being based primarily in New York, the firm will continue to maintain its presence at Carnegie Hall Tower on West 57th Street. The move aligns with GAIA s investment growth strategy, which is focused primarily on opportunities in South Florida and the Sun Belt, including the firm s joint venture with Moderno—focusing on single-family investment in Miami—and its fully discretionary REIT focused on multifamily rentals in the Sun Belt and South Florida, among other […]

SCOTTSDALE, AZ - The Multifamily Innovation® Council announced today it will host a free live virtual webinar titled Security Deposits Are Changing: What Multifamily Operators Need to Understand Heading into 2026 on January 7, 2026, at 9:00 AM Pacific / 12:00 PM Eastern. The educational session is designed for multifamily owners, operators, and compliance and operations leaders navigating growing complexity around security deposit policies, resident protections, and evolving regulatory expectations. As state level guidance and enforcement continue to shift, the webinar will focus on practical understanding rather than speculation. This live webinar is part of the Council s ongoing education series leading into the Multifamily Summit for Investment, Innovation & AI, the industry s […]

CHICAGO, IL - Draper and Kramer, Incorporated, a national full-service real estate firm, is pleased to announce Lacy Guice, leasing specialist, was selected as a 2025 Multi-Housing News Excellence Award recipient with silver recognition in the Leasing Professional of the Year category. The honor was announced at the Multi-Housing News Excellence Awards celebration, held Dec. 4 at Oasis at 437 Madison in New York City. In her four years with Draper and Kramer, Lacy has embodied everything you would want from a leasing professional and then some — from her track record delivering impressive occupancy and renewal rates, to her creative personal touches, willingness to go the extra mile, and ability to quickly connect with prospects and put them at ease during the leasing process, said […]

MIAMI, FL - Mast Capital, one of Florida s most active real estate development and investment firms, and Rockpoint, a Boston-based real estate private equity firm, announce the debut of AVARA Miami Beach – an ultra-luxury residential community comprising 178 boutique residences in one of Miami Beach s most coveted waterfront locales. Set against the vibrant cultural and coastal backdrop of Miami Beach, AVARA redefines rental living with architectural sophistication, thoughtfully curated lifestyle programming, and exceptional access to the city s arts, culinary, and social scenes. The community s grand opening marks a defining moment in the evolution of refined rental living in Miami Beach. Perfectly positioned at the entrance to Miami Beach, with effortless access to the Julia Tuttle […]

MIAMI, FL - Resia, a leading housing platform specializing in the development, construction, and management of multifamily communities, announces the opening of Resia Golden Glades, a 420-unit apartment community located in North Miami, which is part of the growing Miami Metro area. Golden Glades is the first fully finished project in the U.S. utilizing prefabricated bathroom and kitchen components (inclusive of electrical and plumbing) built at Resia Manufacturing's in-house facility in Fairburn, GA, just south of Atlanta. The official ribbon-cutting ceremony welcomed honorary guests Sade Chaney, Director, Legislative & External Affairs from the office of District 2 Commissioner Marleine Bastien, and other city officials. We are excited to bring quality housing to working […]

KNOXVILLE, TN - Crest Residential has broken ground on The Sheldon, a 267-unit luxury apartment community in the Powell submarket of Knoxville, Tennessee, marking the company s latest addition to its growing Southeast portfolio. Located just north of downtown Knoxville, The Sheldon is designed to meet the area s increasing demand for high-quality rental housing. The community will feature seven three- and four-story apartment buildings, two carriage homes, and a suite of upscale amenities, including a resort-style pool, state-of-the-art fitness center, pickleball court, coffee bar, business center with private conference rooms, and outdoor entertainment areas. A pet spa and park, as well as an electric car charging station, round out the community s lifestyle offerings. Inside, residents […]

AUSTIN, TX - Continental Realty Group, through its subsidiary Continental Realty Assets, Ltd. ("CRA"), a Denver-based multifamily owner and operator, is pleased to announce the purchase of the 232-unit Wildcreek Apartments in Austin, Texas. This marks the first acquisition for CRA in the Austin market. Built in 1984, Wildcreek is a low-density property featuring one- and two-bedroom layouts across two distinct floor plans. The property s amenity package includes a clubhouse/leasing center, two swimming pools, a dog park, and a basketball court. CRA intends to lightly upgrade the unit interiors during their ownership period, as well as make improvements to the property s exterior and common areas. Wildcreek is ideally located in the rapidly growing East Riverside Corridor of Austin, […]

CHICAGO, IL - Chicago-based multifamily brokerage firm Essex Realty Group, LLC is pleased to announce the sale of Cotton Creek Apartments, a 32-unit multifamily property located in the Lake County suburb of Island Lake. The transaction was facilitated by Principal Brian Karmowski and Director Anthony Citriglia, who represented the seller, while Associate Jimmy Donahue represented the buyer. Essex generated 20+ tours and multiple offers for Cotton Creek, a testament not only to our marketing platform but the continued demand for quality suburban multifamily assets. The Essex pipeline is robust heading into 2026, and we expect the current trends to continue, said Brian Karmowksi, Principal at Essex Realty Group, LLC. Cotton Creek Apartments features a balanced unit mix consisting of nine […]

FRANKLIN PARK, IL - F.H. Paschen, Evergreen Real Estate Group, and Leyden Township officials gathered to celebrate the 'topping off' of the Leyden Senior Apartments, placing the final roof plank to complete the building s framework. The new four-story, 85,000-square-foot community broke ground earlier this year in April 2025. The eighty (80) affordable units for local seniors are set to open in 2026. Crews placed the final roof plank, which had been signed by members of the project team, trade partners, and Leyden Township officials. Located in the West-Suburban Cook County community of Franklin Park, the development is designed to help meet the local need for quality, accessible senior housing. Residents will have access to modern amenities, including a community room, a fitness center, […]

COLUMBIA, SC - CF Evans Construction, one of the Southeast s leading multifamily general contractors, has been selected by Commonwealth Properties as the general contractor for 2222 Main View, a premier 320-unit apartment community that will redefine luxury living in downtown Columbia, South Carolina. Located along Columbia s historic Main Street corridor just one block from downtown, 2222 Main View will feature a mix of studio, one-, two- and three-bedroom residences, along with select live-work units. Designed to complement the energy and authenticity of the city s urban core, the project will include landscaped courtyards, a resort-style pool and cabanas, two rooftop terraces and clubrooms with skyline views, and a full suite of lifestyle amenities including a coworking suite, fitness […]

SAN ANTONIO, TX - Lynd Acquisitions Group (LAG), a division of The Lynd Group, acquired the Kelly Hamilton Apartments, a 110-unit affordable multifamily housing community in Pittsburgh, Pennsylvania. The property was purchased through a bankruptcy proceeding in the U.S. Bankruptcy Court for the District of New Jersey. The acquisition concludes a complex, multiyear process that required coordination across legal, financial, operational and regulatory functions. Kelly Hamilton is part of a larger 10,000-unit low-income portfolio that became distressed due to the neglect and mismanagement of its previous owners. In 2024, a lender-appointed fiduciary hired LAG affiliates to take over asset and property management of the portfolio in order to help stabilize and rehabilitate operations. Kelly […]

WESTLAKE, FL - Minto Communities USA, the master developer and lead builder at Westlake, announces its newest residential neighborhood, The Oaks, opening on December 6. With 266 single-family homesites planned for the first phase of construction, The Oaks is debuting two new architectural styles offering buyers innovative designs and premium finishes. Home prices start in the mid $400s. With our existing single-family neighborhoods nearly complete, we felt the time was right to introduce something new that offers innovative designs with attainable pricing, said Steve Svopa, Division President, Operations, Minto Communities USA. The Oaks marks another exciting step forward in the evolution of Westlake, which we believe offers the best value in all of Palm Beach County. Located off […]

MIAMI, FL - Monument Capital Management, an A-Rod Corp company and one of the country s premier fully integrated real estate investment firms, has announced the acquisition of Grove Park Apartments, a 324-unit Class A multifamily community in Tallahassee, Florida. Monument Real Estate Services, an affiliate of Monument Capital Management, will manage the community. Berkadia s Brad Williamson and Wes Moczul arranged the financing on behalf of Monument Capital Management. David Etchison of Berkadia represented the seller, Alabama-based TrimCor. Built in 2021, Grove Park is a two-story garden-style apartment community spanning more than 30 acres. The property features a low-density site plan and spacious residences averaging 1,713 square feet, distinguishing it within the submarket. Grove […]

NEW YORK, NY - Greystone, a leading national commercial real estate finance firm, announced it ranked #1 based on dollar volume of multifamily and healthcare Firm Commitments issued by the U.S. Department of Housing and Urban Development (HUD) for the agency s 2025 fiscal year ending September 30, 2025*. During this period, Greystone originated and obtained Firm Commitments for multifamily and healthcare facility HUD-insured loans totaling $2.6 billion, representing 12% of total firm commitments issued by HUD. Greystone received firm commitments for 40 multifamily properties totaling $1.1 billion and 83 healthcare properties totaling $1.5 billion during HUD s most recent fiscal year. Even amid a challenging interest rate environment, Greystone s depth of expertise and dedication to […]

LOS ANGELES, CA - Hunt Capital Partners announced today the initial closing of its new affordable housing fund, Hunt Capital Partners Tax Credit Fund 52 ( Fund 52 ), securing $175.3 million to date, with the balance expected to close in Q1 2026. Fund 52 will help create or rehabilitate 1,540 affordable homes across 18 affordable housing developments nationwide. According to the National Association of Home Builders, Fund 52 generates 74,109 new jobs and $79.6 million in local tax revenue, including $4.6 billion in direct wages to local workers. In collaboration with both for-profit and non-profit development partners—75% of whom are repeat developers—Fund 52 will help initiate a range of new construction, rehabilitation, adaptive reuse, and historic developments, adding 1,002 units to […]