Author

Lynn Peisner

Coro-Los-Angeles
CaliforniaDevelopmentLeasing & MarketingNewsWestern

CIM Group Opens Coro in Los Angeles

by Lynn Peisner

LOS ANGELES — CIM Group has completed and opened Coro, a six-story, 168-unit property with 40,000 square feet of ground-floor retail in the West Adams neighborhood of Los Angeles. Units are offered as studios, one- and two-bedroom floor plans, and 17 apartments are reserved for households earning no more than 30 percent of area median income. CIM Group acquired the 1.3-acre Opportunity Zone property for the Coro project in 2023 from the West Angeles Church of God in Christ. Coro replaces the vacant former church, which relocated to the intersection …

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Parkside-Tampa
Build-to-RentDevelopmentFloridaLeasing & MarketingNewsSoutheast

ARK Homes For Rent Opens Tampa Townhome Community

by Lynn Peisner

TAMPA, FLA. — ARK Homes For Rent has completed and opened Parkside, a 75-unit rental townhome community in Tampa. Units are offered as three- and four-bedroom floor plans, and amenities include walking paths and a dog park. Monthly asking rents start at $1,995. ARK Homes For Rent also offers a mobile app that helps residents pay rent, submit maintenance requests and work orders, access HOA information and shop in a tailored marketplace. It also includes access to the ARK Living platform, which provides custom health content and on-demand wellness features.

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Canterbury-Green-Fort-Wayne
IndianaInvestment SalesMidwestNews

Morgan Properties Buys 2,000-Unit Canterbury Green in Fort Wayne

by Lynn Peisner

FORT WAYNE, IND. — Pennsylvania-based Morgan Properties has acquired Canterbury Green, a 1,998-unit community situated across 195 acres in Fort Wayne. The seller was a joint-venture between New York City-based Osso Capital and Philadelphia-based GoldOller Real Estate Investments. CBRE’s Hannah Ott, George Tikijian, Cam Benz, Claire Hassfurther, Ryan Stockamp, Taylor Ford and Sean Pingel represented the seller. GoldOller and Prospect Capital Corp. bought the property from AIMCO Holdings QRS in 2014 for $85.5 million. The asset, among the larger single-site multifamily communities in the nation, was developed between 1969 and …

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The-Henley-Grand-Prairie
FinanceNewsTexas

Walker & Dunlop Arranges $44.6 Million Refinancing for The Henley in Grand Prairie, Texas

by Lynn Peisner

GRAND PRAIRIE, TEXAS — Walker & Dunlop has arranged a $44.6 million loan to refinance The Henley, a 255-unit property in Grand Prairie. Goldman Sachs Alternatives was the lender, and Dallas-based StoneHawk Capital Partners was the borrower. Located at 3850 Double Oak Ave., The Henley is comprised of one- and two-bedroom units. Amenities include a clubhouse with a golf simulator, conference room, business lounge, game room and kitchen area. Additionally, the property features a resort-style pool, a rooftop lounge, a fitness center, package room, controlled gate access and a dog …

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Carl-Whitaker-Real-Page
DevelopmentIndustry VoicesLeasing & MarketingOperations

Q&A: ‘Slowing Labor Market’ Could Hamper Apartment Demand in 2026, Says RealPage Economist Carl Whitaker

by Lynn Peisner

The multifamily sector closed 2025 with clear signs of transition. National occupancy dipped to 94.6 percent, effective rents stalled or fell in several markets year over year, and absorption slowed alongside cooling job growth, according to RealPage. As of December 2025, national effective rents grew by 0.4 percent year over year. The supply story is shifting just as quickly. Developers delivered about 409,000 units last year — roughly 30 percent less than in 2024 — setting the stage for a very different leasing environment in 2026. To unpack what with …

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Affordable HousingDevelopmentNewsOklahoma

Dominium Acquires Land for Oklahoma Affordable Housing Development

by Lynn Peisner

OKLAHOMA CITY — Dominium has announced the acquisition of land in Oklahoma City, with plans to construct The Scott, a new LIHTC affordable housing community. Located at 2124 NW 192nd St., The Scott marks Dominium’s second new-construction project in Oklahoma. The community will be comprised of 184 homes in a mix of two-story walk-up and townhome-style buildings. Amenities will include a clubhouse, fitness center, business center, playground and a pool. Completion is slated for January 2028. Specific income restrictions were not disclosed, but monthly asking rents are estimated to fall …

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The-Waverton-Secaucus
Investment SalesNew JerseyNewsNortheast

CBRE Arranges $47.8 Million Sale of The Waverton in Secaucus, New Jersey

by Lynn Peisner

SECAUCUS, N.J. — Woodmont Properties and Canoe Brook Development have sold The Waverton in Secaucus, with Canoe Brook retaining its minority ownership. The asset, completed in 2022, traded for $47.8 million. The name of the buyer was not disclosed. A 30-Year PILOT agreement is in place at the property. Twenty percent of The Waverton’s 116 units are offered at affordable rents. Income restrictions were not disclosed. The property features a 191-space parking garage, a fitness center with a yoga studio and an outdoor lounge with grills, fire pits and an …

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Dylan Point Loma Apartments MG
CaliforniaInvestment SalesNewsWestern

MG Properties Buys 180-Unit Property in San Diego’s Point Loma Neighborhood

by Lynn Peisner

SAN DIEGO — Locally based MG Properties has acquired Dylan Point Loma in San Diego from JLL Income Property Trust for an undisclosed sum. The seller was represented by Rachel Parsons and Derrek Ostrzyzek with CBRE. Fannie Mae acquisition financing for the transaction was arranged by CBRE’s Scott Peterson, Bill Childs and Brian Cruz. The 180-unit property opened in 2016 and consists of one-, two- and three-bedroom floor plans complemented by a resort-style saltwater pool, a fitness center, community club house, a conference room, game lounge, demonstration kitchen, dog park …

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Wayne-Wozniak
Company NewsIllinoisMidwestPeople News

Cullinan Properties Names New CFO

by Lynn Peisner

BURR RIDGE, ILL. — Cullinan Properties, a commercial and mixed-use developer, has promoted Wayne Wozniak to chief financial officer. Wozniak, whose former title was senior vice president of accounting, will oversee financial operations, including accounting, tax strategy, financial reporting, forecasting and capital planning while working closely with executive leadership to advance Cullinan’s strategic initiatives. Wozniak joined the company in June 2024.

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Renaissance-Center-Detroit
Affordable HousingDevelopmentFeaturesInvestment SalesMichiganMidwest

Metro Detroit: A Multifamily Comeback Story

by Lynn Peisner

Investments in major new construction and redevelopment projects from the central business district out to the suburbs signal investor opportunity. By Jason Stevens, Lument It has been 12 years since Detroit, having lost more than a quarter of its population between 2000 and 2013 and seen its tax revenues plummet, became the largest U.S. city to declare bankruptcy. The city endured decades of hardship, and many neighborhoods struggled with vacancy until recent revitalization efforts began to take hold. Today, Detroit’s turnaround is well underway. Government finances are on a firm …

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