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Riverhouse-9-Weehawken
Company NewsMassachusettsNew JerseyNewsNortheastOperations

RHO Residential Tapped as Property Manager of Former Veris Residential Portfolio

by Lynn Peisner

ROSELAND, N.J. — RHO Residential has been selected by the new ownership of Veris Residential to manage 15 properties in New Jersey and greater Boston. Veris Residential (NYSE: VRE) was taken private in an acquisition finalized in May. Craig Solomon of Affinius Capital in partnership with Vista Hill Partners, a real estate investment and development group headed by Bradford Klatt and Jonathan Kushner, bought the REIT for $3.5 billion. The assignment nearly doubles RHO Residential’s unit count to just under 12,000 apartments across 40 communities as well as approximately 182,000 …

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Estia-Roseville
Build-to-RentCaliforniaDevelopmentLeasing & MarketingNewsOperationsWestern

Zilber Opens BTR Project Northeast of Sacramento

by Lynn Peisner

ROSEVILLE, CALIF. — Zilber Residential Group and Homes by Towne, both affiliates of Zilber Ltd., have opened Estia Roseville, a 209-unit development approximately 20 miles northeast of Sacramento. The one- and two-bedroom single-story homes range from about 709 to 1,083 square feet, and each features a private entrance, walk-in closets, a washer and dryer, stainless-steel appliances and private, fenced-in backyards with built-in dog doors. The community also offers a dog park and a pet spa, along with a pool, clubhouse, 24-hour fitness center and a dedicated yoga studio. Asking monthly …

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Tobin-Estates-San-Antonio
DevelopmentNewsTexas

Rosewood Completes Third Phase of Tobin Estate Apartments in San Antonio

by Lynn Peisner

SAN ANTONIO — Dallas-based Rosewood Property Co. is now leasing the third phase of The Tobin Estate Apartments in San Antonio. The third phase spans 10 acres and includes 359 new apartments. With Phase III complete, The Tobin Estate Apartments number 956 units across 44 acres. The property is part of the original Tobin Estate, designed and built in 1959 by the late Robert L.B. Tobin, a longtime San Antonio arts patron. At the center of the property, the Tobin Endowment restored the historic Tobin Mansion into its office headquarters. …

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Rowan-Denver
ColoradoDevelopmentNewsWestern

Formativ Breaks Ground on Luxury Component of Denver TOD

by Lynn Peisner

DENVER — Locally based Formativ Real Estate Group has begun construction of Rowan, a 358-unit, 16-story community at 3875 Walnut St. in Denver’s River North Arts District, commonly known as RiNo. Located adjacent to the 38th & Blake commuter rail station, Rowan is part of Formativ’s larger investment in the 38th & Blake transit-oriented development site, which also includes 3850 Blake, a 310-unit workforce housing community currently under construction, and a forthcoming 180-key hotel. Units at 3850 Blake are reserved for renters earning up to 60 or 90 percent of …

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Warner-Swasey-Cleveland
Affordable HousingDevelopmentMidwestNewsOhio

Pennrose Breaks Ground on $64M Adaptive Reuse Project in Cleveland

by Lynn Peisner

CLEVELAND — Pennrose and nonprofit partner MidTown Cleveland have broken ground on the $64 million redevelopment of the former Warner & Swasey factory in Cleveland. In October 2025, Pennrose acquired the building at 5701 Carnegie Ave. from the City of Cleveland. The development team, working on this project since 2017, drew on 24 capital sources to bring the plans to fruition, including contributions from the City of Cleveland, Cuyahoga County and the Cleveland Foundation, among other public and private partners. Constructed in the early 1900s, the 194,000 square-foot, five story …

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Rock-Run-Residences-Joliet
IllinoisLeasing & MarketingMidwestNews

Marcus & Millichap Brokers Sale of Rock Run Residences in Joliet, Illinois

by Lynn Peisner

JOLIET, ILL. — Marcus & Millichap has brokered the sale of Rock Run Residences, a 128-unit property in Joliet. The asset traded between two private investors for an undisclosed sum. Rock Run Residences is situated on approximately 15 acres at 1524 Richard T. Rivera Way. Built in 2002 and renovated between 2021 and 2024, the property consists of seven buildings totaling 81,960 rentable square feet, with 12 studios, 96 two-bedroom, four three-bedroom and 16 four-bedroom units. Amenities include a clubhouse, fitness center, community kitchen, pool, picnic area, sand volleyball court …

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yorkshire-silver-spring
Affordable HousingInvestment SalesMarylandNewsNortheast

Donaldson Impact Investors Buys Yorkshire Apartments in Maryland for $79.4M, Converts to Affordable Housing

by Lynn Peisner

SILVER SPRING, MD. — Donaldson Impact Investors, in partnership with New York Life Investment Management and nonprofit developer Housing Initiative Partnership, has acquired Yorkshire Apartments in Silver Spring for $79.4 million. The buyers used a tax-abatement program to transition the community to affordable from market-rate. Half the apartments at the 326-unit community are reserved for tenants earning up to 60 percent of area median income with the remainder of units remaining priced at market rates. The transaction was made possible through Montgomery County’s Payment in Lieu of Taxes (PILOT) program, …

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River-Ford-Brunswick
GeorgiaLeasing & MarketingNewsOperationsSoutheast

Material Capital Partners Opens Leasing at River Ford in Georgia’s Golden Isles

by Lynn Peisner

BRUNSWICK, GA. — Material Capital Partners has begun leasing at River Ford, a 170-unit build-to-rent community in Brunswick. Located on approximately 28 acres on Canal Road, River Ford’s rental homes feature quartz countertops, stainless steel appliances, smart home technology, private patios and fenced backyards. Amenities include a clubhouse with a fitness center and coworking space as well as a resort-style pool, two lakes with a fishing dock, a dog park, playgrounds, a trail system and landscaped green spaces throughout the property. Greystar is managing the community.

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Render-Legacy-Trail-Nokomis
BerkadiaFinanceFloridaNewsSoutheast

Berkadia Arranges $82.1M Refinancing for Crescent Communities’ Render Legacy Trail in Sarasota County

by Lynn Peisner

NOKOMIS, FLA. — Berkadia has arranged an $82.1 million refinancing loan for Render Legacy Trail, a 450-unit property that borrower Crescent Communities completed in 2024. Berkadia D.C. Metro’s Patrick McGlohn, Brian Gould, Hunter Wood, Natalie Hershey and Patrick Cunningham arranged the financing through lender Benefit Street Partners. Render Legacy Trail is situated on approximately 18 acres at 15560 Render Way. The property offers a mix of one-, two- and three-bedroom floor plans. Amenities include a resort-style saltwater pool with cabanas, outdoor grilling and dining areas, a clubroom with coffee bar, …

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Southwinds-Apartments-Miami
FloridaInvestment SalesNewsSoutheast

Marcus & Millichap Brokers $5.8M Sale in Miami

by Lynn Peisner

MIAMI — Marcus & Millichap has brokered the sale of Southwinds Apartments in the Spring Garden neighborhood of Miami. The asset sold for $5.8 million, traded between two undisclosed private investors. Marcus & Millichap’s Felipe Echarte, Evan Kristol and Sofee Desai marketed the property on behalf of the seller and procured the buyer. Located at 1177 NW 8th St. Road, the property, built in phases in 1950 and 1962, consists of three two-story buildings with 29 units on a half-acre of land. The unit mix includes 28 one-bedroom apartments and …

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