Multifamilybiz-com Press Releases

SAN FRANCISCO, CA - CBRE s Mike Walker, Jesse Weber, Andrew Behrens and Brad Zampa on the Debt and Structured Financing team in San Francisco secured the five-year loan from a life company. We secured one of the lowest loan spreads we ve seen in the past year on this financing. This is a tribute to the compelling real estate and relationship opportunity with Hines, said Walker. The property s location, with close proximity to the Daly City BART Station, is easily accessible to top employers in both San Francisco and the inner Peninsula. With great demographics and strong market fundamentals, the property is well positioned for future rent growth. Built in 2011, 88 Hillside features 95 units across five buildings, totaling 109,318 sq. ft. The community has large one-, two- and […]

CHICAGO, IL - Kiser Group is pleased to announce the successful off-market sale of a vintage 33-unit mixed-use property in the Rogers Park neighborhood of Chicago. The transaction closed on January 24, 2025, for $3,000,000. Advisors Katie LeGrand, Jacob Price, and Danny Logarakis represented the parties in the deal. The property, located just half a block from the CTA Red Line Howard Stop, had been under the same ownership for approximately 20 years before being acquired by Becovic, a local owner expanding its footprint in the area. This acquisition represents a strategic value-add opportunity for Becovic as they continue to invest in the neighborhood. This sale highlights the continued demand for well-located, value-add properties in Rogers Park, said Danny Logarakis, Director at Kiser […]

PHOENIX, AZ - TSB Capital Advisors, the national leader in student housing and multifamily real estate advisory services, successfully arranged financing on behalf of Capstone Collegiate Communities for the construction of a new 165-unit, 532-bed luxury student housing property located adjacent to the University of Arizona in Tucson, Arizona. A Fortune 100 insurance company provided the equity financing. Tucson continues to be one of the nation s strongest student housing markets, with demand still outpacing supply, said Timothy S. Bradley of TSB Capital Advisors. When you combine those strong market fundamentals with a high barrier for entry in the desirable Main Gate area, it makes this a really desirable project. We were thrilled to work with our friends at Capstone to help make it […]

MIAMI, FL - McDowell Housing Partners (MHP), a leading development and investment firm specializing in the development of affordable multifamily housing communities, has completed construction of Southpointe Vista Phase I and closed financing on the second phase of the transformative multiphase community in Miami-Dade County near Cutler Bay. Phase I delivers 124 units and Phase II will provide another 208 units for families and individuals earning at, or below, 70% of the county s median income. Southpointe Vista is strategically located at SW 117th Court and SW 214th Street. Phase I the newly completed 10-story building, was partly funded through Miami-Dade County s Housing and Community Development Department with $2.5 million in local surtax funds. REPRTWÄR Architecture and Design […]

DALLAS, TX - Knightvest Capital, a vertically integrated multifamily investment firm, today announced the acquisition of the SKYE of Turtle Creek ("Skye") community in Dallas, Texas. This successful acquisition represents the sixth investment in Knightvest's Fund II. Built in 1998, the 331-unit high-rise is located in the prolific submarket of Uptown Dallas, an area where Knightvest has direct experience. Knightvest will leverage its construction, management, and operational experience to seamlessly integrate the community into its portfolio. With the property largely in its original condition, Knightvest plans to renovate a considerable portion of the units and make significant updates to the exterior and common areas. These improvements will position Skye to compete with new luxury […]

DORAL, FL - BGO, a leading global real estate investment manager, and The Dermot Company ( Dermot ), a vertically integrated multifamily investment manager, owner, and operator of high-quality communities, announced the completion of a solar energy system installation atop the two parking garage roofs at Cordoba, a 454-unit luxury apartment community in downtown Doral, Florida. At full operational capacity, the solar energy system is expected to produce enough electricity to provide 50% of the energy needs for the entirety of the property s common areas, including its extensive amenities. The adoption of renewable power at the property, co-owned by both firms, is part of a growing trend of multifamily developments in Florida incorporating solar energy systems. BGO and Dermot purchased […]

CHICAGO, IL - Kiser Group recently celebrated 20 years of success, growth, and lasting relationships. Over the past two decades, Kiser Group has cemented its reputation as a trusted leader in multifamily real estate, delivering exceptional results and fostering meaningful connections across the industry. Since its founding, Kiser Group has closed over $6 billion in transaction volume and successfully completed more than 2,000 transactions. These numbers highlight the firm s enduring impact and ability to navigate the evolving real estate landscape with expertise and dedication. The milestone anniversary was marked with a celebration at Kiser Group s office. Clients, industry professionals, and team members all tapped a keg to toast Kiser Group s success. The event also featured a live […]

MIAMI, FL - Miami-based real estate development firms Constellation Group and The Boschetti Group marked a significant milestone with the groundbreaking of Ella Miami Beach, the 10-story boutique condominium that promises to redefine luxury living in the heart of North Beach. Located at 6940 Abbott Avenue, the 103-unit development pays homage to the city's glamorous Art Deco heritage, offering a fresh approach to elegant urban living. The ceremonial groundbreaking event was attended by key stakeholders, including Eduardo Otaola, Managing Principal of Constellation Group; Jose Boschetti, Principal of The Boschetti Group; Rainer Viete, Vice President of Vietmar; Raymond Fort from award-winning architectural firm Arquitectonica; Daniel de la Vega, President of One Sotheby s International […]

ROSEMONT, IL - Construction is completed at Redwood Crystal Lake, a new neighborhood of 124 single-story apartments in Crystal Lake, Illinois. McShane Construction Company built the development on behalf of client Redwood Living. We are proud to have partnered with Redwood to bring this new neighborhood to life in Crystal Lake, commented David J. Rintz, Regional Vice President – Multi-Family at McShane. Redwood Crystal Lake offers residents a unique combination of privacy, convenience, and upscale finishes, and we re excited to see this build-to-rent community thrive. Designed by Mann Parsons Gray Architects, the community integrates 25 single-story townhome-style buildings with four to six units each. The wood-frame homes showcase attractive facades of vinyl siding and stone […]

PHOENIX, AZ - TSB Capital Advisors, the national leader in student housing and multifamily real estate advisory services, successfully arranged financing on behalf of Up Campus Student Living for the construction of Blume on Ivy, a 231-unit, 641-bed luxury student housing property located near the University of Virginia in Charlottesville, Virginia. Fifth Third Bank provided the construction debt with additional participation from First Citizens Bank. This project is perfectly located between UVA s main and north campuses along the burgeoning Ivy Road Corridor, said Ian Bradley of TSB Capital Advisors. We re excited to be a part of this outstanding addition to the Charlottesville market and proud of all included that made it come to fruition. Blume on Ivy will offer one-, two-, three- […]

COLORADO SPRINGS, CO - Continental Properties, a national developer and operator of rental communities, retail, and hospitality properties, is thrilled to announce the acquisition of Outlook Briargate, a premier Class A apartment community located at 7940 Brayden Point in Colorado Springs. This acquisition was funded by Continental Properties Real Estate Opportunities Fund I, L.P., the company s eighth real estate fund. As part of the acquisition, the community will be rebranded as Forge at Briargate, reflecting its new chapter under Continental s ownership. Originally developed by Evergreen Development in 2023, Forge at Briargate is a 300-apartment home community offering an array of pet-friendly one-, two-, and three-bedroom apartment homes designed with modern, high-end finishes. […]

MIAMI, FL - National real estate development firm Landau Properties today announced the topping out of Indian Creek Residences & Yacht Club, the record-setting boutique residential development on Miami s Bay Harbor Islands. The eight-story building designed by acclaimed Miami-based architect Kobi Karp has now reached its full height and achieved 80 percent sold, with only two residences remaining. With an emphasis on privacy and an ultra-luxury lifestyle, the development is meeting today s market demands for exclusive, seamless residential experiences. As we reach these significant sales and construction milestones, we celebrate the thoughtful planning, attention to detail and commitment to craftsmanship that have brought Indian Creek Residences & Yacht Club to life, said […]

AUSTIN, TX - NexMetro Communities, the nation s pioneer developer of luxury leased home neighborhoods, is entering the Austin market with the opening of three new Avilla Homes communities in 2025. Construction is underway on 634 new homes in Georgetown, Liberty Hill and Williamson County, with the first opening set in February. There s considerable demand for our leased home neighborhoods because they provide consumers with a lifestyle that combines a new detached home with mortgage-free, maintenance-free living, said Jason Flory, managing director for NexMetro Communities Austin and Atlanta Divisions. Flory added that the company is actively pursuing additional locations for new Avilla Homes neighborhoods in Central Texas. While the increasing cost of homeownership is driving the […]

NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided a $20,777,000 Fannie Mae Delegated Underwriting & Servicing (DUS®) loan to refinance a 206-unit multifamily property in Allentown, Pennsylvania. The financing was originated by Avi Lifshitz and Aviel Hematian of Greystone on behalf of Pankaj Sharma of S&S Properties. Wynnewood Greens, built in 1975, comprises 18 low-rise, three-story buildings. The community includes 1-, 2-, and 3-bedroom units, 271 parking spaces, and was originally acquired by the sponsor in 2008. The property s amenities include balconies and patios, picnic areas, and laundry facilities. The non-recourse Fannie Mae financing is a seven-year fixed-rate loan with full-term interest-only. Greystone strives to help […]

WASHINGTON, DC - Maplewood Senior Living and Omega Healthcare Investors, Inc. (NYSE: OHI) celebrates the grand opening of Inspīr Embassy Row, Washington D.C.'s premier ultra-luxury senior living community, located in the historic Fairfax at Embassy Row building. This milestone marks the culmination of an adaptive reuse renovation project led by renowned architects at Beyer Blinder and Belle. The masterful transformation has turned the property into a sophisticated senior living residence offering assisted living and memory care while preserving its rich heritage and cultural significance. "The opening of Inspīr Embassy Row represents an exciting chapter in our mission to redefine senior living," said Tom Gaston, Co-CEO, Maplewood Senior Living and Inspīr Senior Living. "We are proud to […]

NEW YORK, NY - Greystone, a leading national commercial real estate finance company, announced that Michael Boyle, Senior Vice President of Acquisitions & Institutional Investments at Greystone Real Estate Capital LLC, has been re-appointed to the Louisiana Association of Affordable Housing Board of Directors (LAAHP), for 2025. The organization advocates for policies and initiatives that support the development and preservation of affordable housing across Louisiana. In addition to this role with LAAHP, Mr. Boyle serves as a Board Member of the National Housing & Rehabilitation Association; a Board Member of the Manatee County Affordable Housing Advisory Committee; a Legislative Committee Member of the Affordable Housing Tax Credit Coalition; and a CDE Advisory Board Member of FNB […]

ATLANTA, GA - Brook Farm Group has delivered the clubhouse and first two residential buildings at The Sinclair at Callaway Farm, a 388-unit, luxury, Class A multifamily community in Covington, GA. Leasing is underway and residents have started moving in to the community, located along the dynamic I-20 growth corridor in the greater Atlanta market. As many large companies expand and bring new, high-quality jobs to the Covington area, The Sinclair at Callaway Farm is well positioned to fill the demand for modern, luxury rental units in this dynamic submarket, said Peter DiCorpo, Chief Operating Officer, Brook Farm Group. There is limited new construction in the pipeline, which bodes well for occupancy and rent growth for this community. The U.S. multifamily sector is moving into a new […]

BETHESDA, MD - Tri Pointe Homes, Inc. (NYSE: TPH), one of the largest homebuilders in the U.S., is pleased to announce the opening of Northpark Lofts, a new luxe condo neighborhood inside its North Bethesda community, Northpark. Homes at Northpark Lofts are now available for purchase with prices starting from the low $800s. The Bellamy home design offers 2,535 to 2,550 square feet of living space including three bedrooms and two-and-a-half baths. The homes also include a spacious covered terrace, private one-bay garage, large great room, pocket office and dual walk-in closets in the primary suite. We re excited to expand our new North Bethesda community, Northpark, with the unveiling of Northpark Lofts, says Brad Blank, president of Tri Pointe Homes DC Metro Division. The community is […]

CHICAGO, IL - Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it facilitated the sale of two multifamily buildings in Wheaton, Ill., a suburb of Chicago. The 18-unit Liberty Square Flats sold for $8.4 million, equivalent to $466,666 per unit, and the 44-unit Lorraine Court Apartments transacted for $6.95 million, or $157,954 per unit. Interra Associate Nathan Zito, Managing Partner Patrick Kennelly and Managing Partner Paul Waterloo represented Liberty Square Flats, LLC, the seller of Liberty Square Flats, as well as the buyer, a confidential local investor. Zito, Kennelly and Waterloo also represented LCA, LLC in the sale of Lorraine Court Apartments, as well as the buyer, one of the largest owners of middle-market apartment properties in […]

NEW YORK, NY - Greystone, a leading national commercial real estate finance company, announced that Jason Brown has joined the firm as a Managing Director. Based in the Indianapolis market, Mr. Brown will focus on providing multifamily financing solutions across Greystone s broad range of debt platforms, including Fannie Mae, Freddie Mac, HUD/FHA, bridge, and CMBS, and debt & equity placement services. Prior to joining Greystone, Mr. Brown was a Managing Director at Berkadia in Indianapolis where he originated over $1 billion in loans during his four year tenure. Previously, he also served as a Senior Vice President at CBRE Capital Markets, where he worked for 13 years and orchestrated complex deals spanning the Agencies, insurance, debt funds, and bank financing. Mr. Brown served […]