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The-Marte-DC
Affordable HousingDevelopmentLeasing & MarketingNewsNortheastWashington, D.C.

Gilbane Begins Leasing $135M Second Phase of D.C. Affordable Housing Redevelopment

by Lynn Peisner

WASHINGTON, D.C. — Gilbane Development has begun leasing the second of its three-phase redevelopment at 7th Street and Barnaby Road in Southeast Washington, D.C. Phase II of Barnaby & 7th includes 229 units within four new residential buildings: The Stoneview, The Solomon, The Marte and The Lewis. Construction of these buildings is slated for completion by summer 2026. The four communities feature a mix of studio to three-bedroom units serving households earning 50 and 80 percent of the area median income (AMI). Twenty percent of the apartments will be set …

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Bell-Trelago-Maitland
Company NewsNews

Sun Life to Acquire Bell Partners

by Lynn Peisner

TORONTO, GREENSBORO, N.C. — Sun Life Financial Inc. (NYSE: SLF), a Toronto-based global financial services firm providing insurance, wealth management, retirement and asset-management services, plans to acquire Bell Partners, a Greensboro-based multifamily investment and management firm, for $350 million. The transaction is expected to close in the second half of 2026. Sun Life also has completed its purchase of the remaining 44 percent stake in BGO, a global real estate investment management firm formerly known as BentallGreenOak, for about $1.2 billion. Sun Life acquired a 56 percent majority stake in …

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John-Winthrop-Apartments-Seattle
Investment SalesNewsWashingtonWestern

Kidder Mathews Arranges Sale of Vintage Seattle Property

by Lynn Peisner

SEATTLE — Locally based Nordic Partners Investments has acquired John Winthrop Apartments, a 79-unit property at 1020 Seneca St. in Seattle’s First Hill neighborhood. Dylan Simon, Jerrid Anderson and JD Fuller of Kidder Mathews’ Simon Anderson Multifamily Team represented the undisclosed seller. Nordic Real Estate specializes in value-add multifamily acquisitions with a focus on vintage properties. The John Winthrop building was constructed in 1925. Two units have been fully renovated. Nordic plans to implement a unit-upgrade program on the remaining homes.

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HTG-Red-Oaks-Austin
Affordable HousingDevelopmentFinanceNewsTexas

HTG Opens $26M Red Oaks Affordable Housing in Austin

by Lynn Peisner

AUSTIN, TEXAS — Housing Trust Group (HTG) has completed and opened Red Oaks, a 70-unit, $26 million affordable housing community in the Anderson Mill neighborhood of Northwest Austin. Apartments at Red Oaks will be reserved for families earning 30, 50 and 60 percent of local area median income, which was $94,000 for an individual and $134,000 for a family of four in 2025, according to HUD. Miami-based HTG partnered with nonprofit group AM Affordable Housing and locally based consulting firm Thoman & Butler on the project. Funding sources for Red …

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REV3-Walnut-Creek-Austin
Build-to-RentDevelopmentNewsTexas

Trilogy Investment Begins Construction of REV3 at Walnut Creek in Austin

by Lynn Peisner

AUSTIN, TEXAS — Trilogy Investment Co. has broken ground on a 190-unit, build-to-rent (BTR) townhome project in Northeast Austin. REV3 at Walnut Creek will feature three-bedroom townhomes averaging approximately 1,493 square feet. Each residence will include a one-car attached garage. REV3 Homes, a division of Trilogy Investment Co., will serve as builder for the project. Leasing is expected to begin in the third quarter of 2027, with construction completion slated for the second quarter of 2028. The Alpharetta, Georgia-based developer also has recently broken ground on other BTR projects in …

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Tower-on-Piedmont-Atlanta
GeorgiaInvestment SalesNewsSoutheast

TruAmerica Buys Atlanta High-Rise

by Lynn Peisner

ATLANTA — TruAmerica Multifamily has acquired The Tower on Piedmont, a 20-story, 155-unit high-rise community in Atlanta’s Buckhead submarket. The seller and sales price were not disclosed. Los Angeles-based TruAmerica has acquired approximately $250 million in market-rate and affordable housing since the start of 2026. With the new Buckhead addition, the company now owns and manages about 3,000 units in Atlanta. The prior owner invested $3 million in capital improvements to the property’s interiors, and TruAmerica plans to pick up the mantle with additional unit upgrades as well as updates …

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Trailside-Fort-Myers
DevelopmentFloridaNewsSoutheast

Ryan Cos. Breaks Ground on 350-Unit Project in Fort Myers

by Lynn Peisner

FORT MYERS, FLA. — Ryan Cos. has begun construction of Trailside at Dia Crossing, an eight-building, 350-unit project in Fort Myers. Completion is slated for the first quarter of 2027. The property is situated by a 30-acre nature preserve with a kayak launch to Estero Bay. Amenities include a resort-style pool, 9,500-square-foot clubhouse, fitness center, sauna, cold plunge and yoga deck. Ryan is serving as builder, developer and architect, with its in-house architecture group Ryan A+E Inc. U.S. Bank provided construction financing for the project.

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The-Radler-Summerville
DevelopmentNewsSouth CarolinaSoutheast

Woodfield Begins Second Phase at South Carolina’s Downtown Nexton

by Lynn Peisner

SUMMERVILLE, S.C. — Woodfield Development and PGIM have begun construction of Nexton Townhomes, a 114-unit build-to-rent community that comprises the second phase of the developers’ Radler project in Summerville. Both communities are located in Downtown Nexton, a 4,500-acre master-planned development located approximately 25 miles northwest of Charleston along the I-26 corridor. Designed for walkability, Nexton includes residential neighborhoods, approximately 100,000 square feet of dining and retail space, commercial and office development and a network of parks and trails. At full buildout, expected to occur approximately within the next five to …

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Ardan-West-Village-Dallas
Investment SalesNewsTexas

Mill Creek Residential Sells Ardan West Village in Uptown Dallas

by Lynn Peisner

DALLAS — Institutional Property Advisors (IPA) has arranged the sale of Ardan West Village, a 389-unit property at 2975 Blackburn St. in the pedestrian-friendly West Village shopping and dining district in the Uptown area of Dallas. IPA’s Joey Tumminello, Drew Kile, Michael Ware, Taylor Hill and Cameron Purse represented the seller, Mill Creek Residential, and procured the buyer, Knightvest. Ardan West Village is comprised of one- and two-bedroom floor plans and amenities such as a resort-style pool, coworking lounge and a controlled-access parking garage. The Cityplace/Uptown Dallas Area Rapid Transit …

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2156-and-2158-W-21st-St
IllinoisInvestment SalesMidwestNews

Interra Brokers Sale of Two-Property Portfolio in Chicago for $5.1M

by Lynn Peisner

CHICAGO — Interra Realty’s Jeremy Morton has arranged the $5.1 million sale of 2156 and 2158 W 21st St. in Chicago’s Pilsen neighborhood. Neither party to the transaction was named. The two-property portfolio includes 24 units. Both buildings were constructed in 1893. Units were renovated in 2023, at which time quartz countertops, stainless steel appliances, updated bathrooms and in-unit washers and dryers were installed.

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