Multifamilybiz-com Press Releases

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 […]

NEW YORK, NY - MGAC, a global project and cost management consultancy, has appointed Nicholas Muir to Senior Director based in the firm s New York office. Muir joins MGAC with more than three decades of international experience in establishing, building, and managing property portfolios across 13 countries and comprising a combined value exceeding $12 billion. Muir specializes in owner s representation for high-profile projects across a diversified range of asset types, bringing a robust background in development, construction, and operations. His record of successful delivery includes growing and leading high-performance teams that drive operational excellence and efficiencies across global markets. Uniquely, he has led project ranging from luxury hospitality to Tier 4 data center […]

GEORGETOWN, TX – EBSC Lending announced today that it has arranged a $41.0 million refinancing for a 203-unit, Class A, mid-rise multi-housing community located in Georgetown, Texas, within the greater Austin metropolitan area. The refinance featured a forward-rate lock and interest-only amortization, delivering a stabilized, long-term capital structure for the sponsor. Loan proceeds refinanced the original construction financing provided by a bank, which the borrower utilized to develop the community beginning in 2022. We were proud to partner with the sponsor to complete this refinance, said David Palmer, VP – Special Assets at EBSC Lending. This was the sponsor s first agency deal and first multifamily project in over two decades, and we were humbled to be selected as their […]

NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided a $125.8 million bridge loan and arranged $19.5 million in preferred equity financing for The Alary, a newly completed 315-unit multifamily property located in New Rochelle, NY. The bridge loan was originated by Greystone s Donny Rosenberg and Jared Kaufman, with preferred equity placement led by Greystone Capital Advisor s Matthew Zisler. Developed by Allstate Ventures, The Alary features high-end condominium-style finishes, a rooftop pool and lounge with skyline views, coworking space, a golf simulator, and other resort-style amenities. Located within a rapidly transforming arts and culture district in Westchester County, just steps from the Metro-North station and a 35-minute commute to […]

DALLAS, TX - JPI, a leader in Class A multifamily development, in partnership with Anchor Loans, a Pretium majority-owned portfolio company, has closed on construction financing for Jefferson Southwest Parkway, a planned $114 million Class A garden-style apartment community located at 4700 Lake Ridge Parkway in Grand Prairie, Texas. Slated for delivery in 2027, Jefferson Southwest Parkway will feature 439 multifamily units, including studio, one-, two-, and three-bedroom apartments. Residents will enjoy a suite of elevated amenities such as a resort-style pool, fitness center, dog park and large clubhouse. Conveniently situated between Dallas and Fort Worth, Jefferson Southwest Parkway offers easy access to major interstates and state highways, ensuring seamless connectivity throughout […]

DENVER, CO - Urban Land Conservancy (ULC), a Denver-based nonprofit that preserves, develops and invests in affordable community-serving real estate, today celebrated the ribbon-cutting and grand opening of The Irving at Mile High Vista, a new 102-unit affordable, all-electric multifamily community in Denver s West Colfax neighborhood. The event brought together Denver Mayor Mike Johnston, state housing leaders and project partners to mark a major milestone in the delivery of long-term affordable housing for Denver residents. Located at 3270 W Colfax Ave., The Irving will serve households earning 20%–80% of Area Median Income (AMI), with affordability guaranteed for at least 99 years through ULC s community land trust. The new community reflects ULC s mission-driven approach to […]

HOUSTON, TX - Fogelman Properties, one of the country s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce the acquisition of Inkwell Greenhouse, a 301-unit apartment community in Katy, Texas. Built in 2018, Inkwell features one, two and three-bedroom apartment homes with rental rates starting at $1,253 per month. The recently acquired property is 91% occupied and managed by Fogelman. Fogelman s investment plan includes a comprehensive rebrand, as well as new exterior paint, enhancements to the pool and outdoor pavilion area, the clubhouse, fitness center and pet spa/dog park. "Inkwell is a tremendous addition to our portfolio. It is a high-quality, newer community in one of the best locations in West Houston, […]

CHICAGO, IL - Robert Dulin, Executive Director and Managing Broker for Minnesota, and Cody Smith, Advisor, successfully brokered the sale of a fully renovated multifamily property in the Kingfield neighborhood of South Minneapolis for $4,550,000, equating to $156,897 per unit. The property was 100% occupied at closing, underscoring sustained tenant demand in one of the city s most desirable submarkets. The asset features a distinctive unit mix with spacious three-bedroom apartments, a key driver of buyer interest. These larger units support family-oriented tenancy and differentiate the property from many comparable vintage assets in the surrounding market. Kingfield is a well-established neighborhood known for its proximity to Minneapolis lakes, major interstates, retail corridors, and […]

SAN MARCOS, TX - Henderson Park, the international private equity real estate manager with US headquarters in Charleston, South Carolina and Student Quarters, an Atlanta-based investment manager and operator of purpose-built student housing properties, have acquired The Thompson, a 528-bed, 132-unit garden style student housing community located in San Marcos, Texas serving Texas State University. Built in 2013, The Thompson spans 10 acres and features 132 units across 11 three-story buildings, offering four-bedroom, four-bathroom townhomes and flats. The property also includes two non-residential buildings, a clubhouse and an amenity center, designed to enhance the student living experience. The community boasts a wide range of amenities tailored to meet the needs of students, including […]

BALTIMORE, MD - Continental Realty Corporation (CRC), a national real estate investor and operator active in 15 states with more than $4.2 billion in Assets Under Management (AUM), has named Diana Serati as Vice President, Multifamily Systems. Serati brings nearly 20 years of multifamily property management and operational technologies experience to her new role. Serati will lead the strategic direction for CRC s multifamily systems environment and support structure. In this role, she will drive Yardi enhancements, improve workflows and reporting, strengthen training and onboarding, and partner closely with operations and accounting to elevate the day-to-day execution for teams across the portfolio. Diana is exactly the kind of leader we look for at CRC, someone who combines deep […]

PHOENIX, AZ - Neighborhood Ventures (NV), a leading real estate operator and an online real estate investment company that enables accredited investors to invest in multifamily properties, today announced the launch of Opportunistic Fund II, a $25 million vehicle that will acquire 5-8 distressed multifamily properties across high-growth U.S. markets, including Denver, Tampa, Salt Lake City, Charlotte, Dallas, and Phoenix. The new fund targets mid-sized multifamily communities (typically 50–200 units) purchased at 30% or more below intrinsic value, with a disciplined plan to renovate, stabilize, and sell as overall market fundamentals recover. "Opportunistic Fund II scales a proven strategy," said Jamison Manwaring, Co-founder & CEO of Neighborhood Ventures. "We launched our first […]

HOUSTON, TX - StreetLights Residential today unveiled The Langley, Houston s newest boutique residential high-rise conceived as a modern-day estate, with the official launch of leasing. Rising 20 stories above the live oak canopy between the Museum District and Rice University, the building introduces an exclusive collection of 134 residences for lease, designed to deliver estate-level privacy, refinement, and scale in a high-rise setting. Located at 1717 Bissonnet, The Langley is thoughtfully positioned among the historic streets of Boulevard Oaks and Southampton. With only eight residences per floor, the building offers an elevated sense of space, discretion, and quiet indulgence. Two- and three-bedroom homes range from approximately 2,165 to 3,401 square feet, providing a rare level of […]

CHICAGO, IL - Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it facilitated the sale of 506 W. Deming Place in Chicago s Lincoln Park neighborhood. The 49-unit vintage apartment building traded for $17.37 million, equivalent to more than $354,000 per unit. Interra Director Colin O'Malley represented the confidential seller of the property, as well as the buyer, Horizon Realty Group. The building was 98% occupied at the time of sale. Lincoln Park s long-term rental growth has reinforced its appeal among multifamily buyers, said O Malley. The opportunity to acquire a building that hasn t traded in over 30 years made this offering especially compelling. Built in 1915, the courtyard building features seven studio, seven one-bedroom, 31 […]

CHICAGO, IL - Essex Capital Markets closed out 2025 with a strong finish in December, reflecting the team s continued momentum, expanding platform, and client-first execution across a wide range of multifamily capital needs. In December, the Essex Capital Markets team facilitated six multifamily loans totaling approximately $23.9 million across 153 units. The month was highlighted by the $15.5 million financing of a 58-unit Logan Square portfolio, along with additional assignments tied to assets in West Town, Portage Park, Lake Bluff, and Addison. The year-end activity was led by Asher Motew, Quinn Keenan, and Elliott Quigley. Essex Capital Markets results are driven by a relationship-first approach and deep lender access across banks, credit unions, agencies, and debt funds. The team […]