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boulders-north-chesterfield-va
Investment SalesNewsSoutheastVirginia

Berkadia Arranges Metro Richmond Sale

by Lynn Peisner

NORTH CHESTERFIELD, VA. — Dominion Realty Partners has sold Boulders Lakeview, a 212-unit property in North Chesterfield, approximately 11 miles west of Richmond, Virginia. Drew White, Carter Wood, Cole Carns and Matt Straughan of Berkadia Richmond arranged the transaction on behalf of the seller. American Landmark of Tampa, Florida, acquired the property for an undisclosed sum. Located at 1501 Boulder Spring Terrace, Boulders Lakeview is a 2023-built, garden-style property offering a mix of one- and two-bedroom units. Amenities include a resort-style pool with a firepit lounge and cabanas, a clubhouse, …

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stone-ridge-texas-city
Investment SalesNewsTexas

Eastham Capital, Mosaic Residential Sell Two Metro Houston Assets

by Lynn Peisner

TEXAS CITY, TEXAS — Eastham Capital has sold two communities in Texas City, Veranda Apartments and Stone Ridge Apartments, to an undisclosed buyer for undisclosed sums. Texas City is about 41 miles southeast of Houston. Veranda Apartments and Stone Ridge Apartments were acquired in 2018 by Eastham Capital as a joint venture with Mosaic Residential. The investments were identified as value-add opportunities. During the hold period, the team executed a capital improvement and operational enhancement program that included interior unit renovations, exterior upgrades and amenity enhancements paired with improved property …

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Arrowhead-Apartments-Palatine
IllinoisInvestment SalesMidwestNews

ACG Acquires Arrowhead Apartments in Chicago Suburb of Palatine

by Lynn Peisner

PALATINE, ILL. — Locally based ARTISAN Capital Group (ACG) has acquired Arrowhead Apartments, a 200-unit garden-style property in Palatine, 30 miles northwest of Chicago. ACG partnered with Boca Raton, Florida-based Eastham Capital on the transaction, marking the firms’ fifth joint acquisition. The seller, represented by Marcus & Millichap’s Chicago Oak Brook office, was a joint venture with Hispanic Housing Development Corp. as the managing partner. The community is situated on approximately 11 acres and consists of nine two- and three-story buildings with units offered as a mix of one-, two- …

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162-E-36th-New-York
DevelopmentFinanceNew YorkNewsNortheast

Developers of High-Rise in Manhattan’s Murray Hill Secure $115M Refinancing

by Lynn Peisner

NEW YORK CITY — Affinius Capital has provided a $115 million refinancing loan to Ranco Capital and the Gilardian Family, the developers of a 22-story multifamily project in Manhattan’s Murray Hill neighborhood. The borrower will use the financing to complete construction and stabilize occupancy. Henry Bodek of Galaxy Capital arranged the loan. The building is located at 162 East 36th St. and is comprised of 160 studio, one- and two-bedroom units and 3,700 square feet of ground-floor retail space. Amenities feature a rooftop lounge, a fitness center and sauna, coworking …

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The-Flats-Oceanside
CaliforniaInvestment SalesNewsWestern

CBRE Brokers $14.4M Sale of The Flats in Oceanside, California

by Lynn Peisner

OCEANSIDE, CALIF. — CBRE has arranged the $14.4 million sale of The Flats, an 18-unit property in Oceanside, approximately 38 miles north of San Diego. CBRE’s Rachel Parsons, Philip Buckley and Anna Kampling represented FABRIC, the seller, in the sale. Conor Brennan, also of CBRE, represented the Dan and Cynthia Kronemyer Family Trust in the acquisition. The property was developed in 2024 and includes two ground-floor retail spaces totaling 2,785 square feet. Units are offered as one- and two-bedroom floor plans.

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Cottages-of-Monroe-NC
Build-to-RentInvestment SalesNewsNorth CarolinaSoutheast

FCP Buys Metro Charlotte BTR Project for $41M

by Lynn Peisner

MONROE, N.C. — FCP, a Chevy, Chase, Maryland-based investment firm, has acquired Cottages of Monroe, located 26 miles southeast of Charlotte, for approximately $41.3 million. The asset was previously named Yardly Monroe and is comprised of 151 one-story, semi-detached single-family residences that were built in 2024. Greystar has been hired to manage the property. Units are offered as one- or two-bedroom floor plans with enclosed back yards. Amenities include a resort-style pool, grills, a fitness center, walking path, a dog park, outdoor dining areas and firepits. The seller, represented by …

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11-Schubert-St-Boston
Investment SalesMassachusettsNewsNortheast

Marcus & Millichap Brokers $3.2M Sale of Boston Property

by Lynn Peisner

BOSTON — Marcus & Millichap has arranged the sale of an 11-unit property at 11 Schubert St. in Boston. The asset traded between two private parties for the sum of approximately $3.2 million. About half the units were vacant at the time of the sale, allowing the buyer to begin renovations immediately, according to Marcus & Millichap, whose Boston-based team was headed up by Tony Pepdjonovic and Evan Griffith. The asset, constructed circa 1970, sits on a 0.18-acre parcel and includes a mix of one- and two-bedroom units, seven off-street …

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Arden-Glen-Cove
DevelopmentNew YorkNewsNortheast

RXR, Chuo Nittochi America Break Ground on The Arden in Glen Cove, New York

by Lynn Peisner

GLEN COVE, N.Y, — RXR and Chuo Nittochi America Corp. have broken ground on the 101-unit Arden, located within the Garvies Point mixed-use development in Glen Cove on the north shore of Long Island, about 34 miles south of Manhattan. The five-story project will include 2,400 square feet of retail and such amenities as an attended lobby, a lounge with a kitchenette, a package room, a wellness lounge with a sauna and massage rooms, a pool, fire pit, grilling stations with prep sinks, electric vehicle charging and a landscaped courtyard. …

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Fannie-Mae
Affordable HousingFinanceNewsNortheastWashington, D.C.

Fannie Mae Multifamily Loan Volume Rose 34 Percent in 2025

by Lynn Peisner

WASHINGTON, D.C. — Fannie Mae closed 2025 with a 34 percent year-over-year increase in multifamily loan volume. The agency provided approximately $74 billion in financing last year (compared with $55 billion in 2024), the highest figure since 2020. More than $8.3 billion funded affordable housing transactions, a 31 percent increase from 2024. Forty percent of all deals in 2025 were executed under Fannie Mae’s delegated underwriting model. The top-five DUS lenders last year were Walker & Dunlop ($8.95 billion); Wells Fargo ($7.75 billion); CBRE ($7.47 billion); Berkadia ($7.04 billion); and …

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Grove-at-Main-Bloomington
IllinoisInvestment SalesMidwestNews

Cinnaire Solutions Buys Grove at Main in Bloomington, Illinois

by Lynn Peisner

BLOOMINGTON, ILL. — Cinnaire Solutions has acquired Grove at Main, a 165-unit property in Bloomington. Northmarq represented the seller, Pensam. The asset was developed in multiple phases between 1979 and 2003. Grove at Main offers a mix of one‑ and two‑bedroom floor plans. Since 2021, Pensam has invested approximately $5.1 million in upgrades to the 16-building property. Enhancements include interior renovations to 158 units, updated roofs and windows, new landscaping, exterior stair replacements and mechanical improvements.

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