Investment Sales

D.C.-Based Joint Venture Acquires Compass at City Center in Newport News

by Lynn Peisner January 20, 2026

NEWPORT NEWS, VA. — A joint venture between Washington, D.C.-based Penzance and McLean, Virginia-based Kettler has acquired the 396-unit Compass at City Center in Newport News. Drew White, Carter Wood and Cole Carns of Berkadia’s Richmond office arranged the sale on behalf of the sellers, C-III Capital Partners and Drucker & Falk. Patrick McGlohn, Brian Gould, Hunter Wood, Patrick Cunningham and Natalie Hershey of Berkadia DC Metro arranged an acquisition loan on behalf of Penzance and Kettler. Located at 501-A Waters Edge Drive, Compass at City Center was built in …

January 20, 2026

California Finance Industry Voices Investment Sales Operations Western

Why Renter Demand Is Surging Across the San Francisco Bay Area

by Lynn Peisner January 19, 2026

After several years of uncertainty, the San Francisco metro area multifamily housing market is showing clear signs of recovery. The first half of 2025 brought the largest expansion in multifamily demand in years. The 12-month trailing absorption surged to 3,700 units as of the third quarter, one of the highest levels in a decade. Vacancy rates have dropped to 5.1 percent, the lowest since 2014, and apartment rents are up 5.6 percent, placing San Francisco among the top metros in the nation for rent growth. Although sale prices had remained …

January 19, 2026

Development Industry Voices Investment Sales Operations

Will Strong Net Absorption Continue in 2026?

by Lynn Peisner January 19, 2026

As 2025 ended, net absorption of multifamily units was on track for its third strongest year since 2000. More than 102,000 units were absorbed in the third quarter, marking the third straight quarter of more than 100,000 net units absorbed. Fourth quarter estimates are coming in around 55,000 units. Multifamily absorption measures the net change in occupied apartment units over a given period, indicating whether demand is keeping pace with new supply. As experts review the final numbers of how many apartment units were newly occupied or leased in 2025 …

January 19, 2026

Investment Sales News Texas

Paskin Group Buys Stonebrook Village in Frisco, Texas

by Lynn Peisner January 19, 2026

FRISCO, TEXAS — Paskin Group has acquired Stonebrook Village, a 216-unit formerly affordable-housing property in Frisco, in a 1031 exchange. Paskin will rebrand the asset to The Ranch at Frisco and is planning to renovate units to drive rent growth following the 2024 expiration of a land-use agreement that required the property be 100 percent affordable. Strata Capital was the seller. IPA’s Drew Kile, Joey Tumminello, Taylor Hill, Michael Ware and William Hubbard arranged the transaction. Stonebrook Village was developed in 1994 on approximately 14 acres and offers amenities such …

January 19, 2026

Illinois Investment Sales Midwest News

Eastham Capital Buys The Element in Mount Prospect, Illinois, for $75.3 Million

by Lynn Peisner January 19, 2026

MOUNT PROSPECT, ILL. — Eastham Capital, along with co-investor Chicago-based Bender Cos., has acquired The Element, a 509-unit garden-style property in Mount Prospect, 22 miles northwest of Chicago. The Element, which traded at $75.3 million, is the first asset acquired with Eastham’s Fund VII. The company will invest $5 million to upgrade units, exterior areas and building systems. The property was 95 percent occupied at the time of the sale, with average monthly effective rents at $1,590. The Element was built in 1968 on approximately 10 acres. Eastham Capital is …

January 19, 2026

Finance Investment Sales Massachusetts News Northeast

Walker & Dunlop Arranges $53.6 Million Sale of Mixed-Use Asset in Cambridge, Massachusetts

by Lynn Peisner January 16, 2026

CAMBRIDGE, MASS. — Walker & Dunlop has arranged the $53.6 million sale of 929 MASS, a mixed-use, two-building property in the Central Square area of Cambridge. Walker & Dunlop represented the unnamed institutional seller in the deal with a team led by Travis D’Amato, Michael Coyne, Brendan Shields, Kevin Gleason and Maggie McFarland. Concurrently, Andrew Gnazzo and Mike Darling secured acquisition financing for buyer John M Corcoran & Co. (JMC), arranging a $37.1 million fixed-rate, interest-only Fannie Mae loan. JMC has partnered with Stars REI, a global, privately held company …

January 16, 2026

Berkadia Finance Investment Sales News Northeast Pennsylvania

Alliance Residential, PCCP Acquire Luxor Bala Cynwyd in Philadelphia

by Lynn Peisner January 16, 2026

BALA CYNWYD — Alliance Residential of Scottsdale, Arizona, and Los Angeles-based PCCP have acquired Luxor Bala Cynwyd in the township of Bala Cynwyd 7 miles north of Philadelphia. Patrick McGlohn, Brian Gould, Hunter Wood, Patrick Cunningham and Natalie Hershey of Berkadia DC Metro arranged a $37 million acquisition loan from ACRE Capital on behalf of the joint venture buyer. The 173-unit property was developed in 2021 by Westrum Development Co. (the seller) and includes studios and one- and two-bedroom floor plans and amenities such as a pool, fitness center, yoga …

January 16, 2026

Florida Investment Sales News Southeast

Westlight Capital Buys Six-Property Florida Portfolio for $162 Million

by Lynn Peisner January 15, 2026

GAINESVILLE, FLA. — Westlight Capital has acquired a six-property, 1,432-unit portfolio in Gainesville for $162 million. Jubeen Vaghefi and Denny St. Romain of CBRE represented the undisclosed seller and arranged the $162 million acquisition loan for Westlight. The private real estate investment firm was launched last year by Doug Faron. This portfolio sale marks the West Palm Beach, Florida-based company’s first acquisition.

January 15, 2026

Berkadia Investment Sales Nevada News Western

Berkadia Arranges $41 Million Sale of The Element Apartments in Reno, Nevada

by Lynn Peisner January 14, 2026

RENO, NEV. — Berkadia has arranged the $41 million sale of The Element, a 206-unit garden-style apartment community in Reno. The seller was a private Los Angeles-based owner, and the buyer’s identity was kept private. The property was developed between 1975 and 1977. The Element offers one- and two- bedroom floor plans. Amenities include laundry facilities, a pool, a fitness center, a dog park and a grilling and picnic area. Jared Glover of Berkadia Nevada represented the seller.

January 14, 2026

Investment Sales New Jersey News Northeast

Klein Enterprises Sells Belleville, New Jersey, Asset for $80 Million

by Lynn Peisner January 14, 2026

BELLEVILLE, N.J. — JLL has arranged the sale of and financing for SilverLake Apartments, a 232-unit community in Belleville, 15 miles northwest of Manhattan. The seller was Klein Enterprises, and the buyer was Sym Investments. The asset, built in 2021, traded for $80 million. JLL arranged a $56 million Freddie Mac acquisition loan for Sym. SilverLake comprises two five-story buildings with a mix of studios, one- and two-bedroom units and 17,024 square feet of commercial space that is 100 percent leased. Seventy-one percent of the retail space is occupied by …

January 14, 2026

Newer Posts

Older Posts