News

Eastham Capital, Bender Cos. Acquire Flats at Gladstone in Metro Chicago for $24.1M

by Lynn Peisner March 31, 2026

GLENDALE HEIGHTS, ILL. — Eastham Capital has acquired The Flats at Gladstone in Glendale Heights, 30 miles west of Chicago, for $24.1 million. The 169-unit garden-style property was purchased through the Eastham Capital Fund VII with investment partner Bender Cos. The new owners are planning a $2.5 million renovation of the property, which was built in 1977. The building exterior as well as the units will be upgraded during the new owners’ hold period. Additionally, they will build a new clubhouse containing a fitness center, leasing office and maintenance shop. …

March 31, 2026

Development News North Carolina Southeast

Wood Partners, PGIM to Break Ground on Research Triangle Project

by Lynn Peisner March 31, 2026

MORRISVILLE, N.C. — Wood Partners and PGIM are planning to break ground this spring on Alta Watkins in the northwest Raleigh suburb of Morrisville. Developers estimate the 357-unit community will be complete by late 2028. Alta Watkins will be comprised of one-, two- and three-bedroom units and amenities that include a resort-style pool, three outdoor courtyards, a pet spa, a fitness center and a podcast lounge. The property also will offer rentable offices for remote work, event space and short-term stay units for guests. Alta Watkins represents Wood Partners’ third …

March 31, 2026

Investment Sales News Washington Western

IMG Sells Valley Vista in Tacoma, Washington, for $15.9M

by Lynn Peisner March 30, 2026

TACOMA, WASH. — Investors Management Group (IMG) has sold Valley Vista Apartments in Tacoma to Seattle-based m5x2 for approximately $15.9 million. California-based IMG acquired Valley Vista in 2016 for $11.4 million. Kidder Mathews represented IMG in the transaction. The 108-unit property was developed in 1986. IMG deployed a $2.5 million value-add plan, upgrading units and amenities, during its hold period. Improvements included a new exercise and community room, an updated community deck, a refreshed leasing office, new signage and the conversion of a playground to a dog park.

March 30, 2026

Development Finance New York News Northeast

Affinius Capital Originates $300M Refinancing for 102 Fleet in Brooklyn

by Lynn Peisner March 30, 2026

BROOKLYN, N.Y. — Affinius Capital has originated a $300 million refinancing loan for 102 Fleet, a 495-unit, 30-story development with 3,700 square feet of ground floor retail space in Brooklyn. The Jay Group is the borrower, using funds to complete construction and lease the property to stabilization. The development site was acquired in 2024. Henry Bodek of Galaxy Capital arranged the financing. The building is comprised of 108 studios, 97 one-bedrooms, 262 two-bedrooms and 28 three-bedrooms. Amenities include a rooftop pool offering skyline views, a gym and spa with steam …

March 30, 2026

Midwest News Operations Wisconsin

RMK Tapped to Manage Two Wisconsin Properties Owned by Santefort Real Estate Group

by Lynn Peisner March 30, 2026

PLEASANT PRAIRIE, WIS. — Illinois-based Santefort Real Estate Group has selected RMK Management Corp. to manage two recently purchased communities in Pleasant Prairie, about 37 miles south of Milwaukee. The communities, Cobblestone Creek and Fountain Ridge, are both fully occupied. Completed in 2013, Cobblestone Creek is located at 9300 Prairie Ridge Blvd. and is comprised of 164 studio, one-, two- and three-bedroom units. Fountain Ridge is located at 8929 83rd St., one mile south of Cobblestone Creek, and contains 174 studio, one- and two-bedroom units as well as 88 direct-access …

March 30, 2026

Investment Sales Maryland News Northeast

Rose Valley Capital Acquires The Crossings at White Marsh in Metro Baltimore

by Lynn Peisner March 30, 2026

PERRY HALL, MD. — Rose Valley Capital has acquired The Crossings at White Marsh Apartments in Perry Hall, 12 miles northeast of Baltimore. The Brooklyn-based owner-operator’s in-house management firm, Rose Valley Management, will be the property manager. The seller and sales price were not disclosed. The Crossing at White Marsh is comprised of 396 one- and two-bedroom units and amenities such as two resort-style pools, a cyber lounge and electric vehicle charging stations.

March 30, 2026

Affordable Housing Development Investment Sales New York News Northeast

Jonathan Rose Cos. Buys Upper Manhattan Affordable Community for $53M

by Lynn Peisner March 27, 2026

NEW YORK CITY — Jonathan Rose Cos. has acquired The Caroline Apartments, a 126-unit Section 8 community in New York, for $53 million. This sale marks the eighth transaction under the $660 million Rose Affordable Housing Preservation Fund VI earmarked for preserving existing affordable and mixed-income housing. Locally based Jonathan Rose is planning a $19.7 million renovation that will upgrade The Caroline’s building systems and unit interiors, targeting Enterprise Green Communities certification, an energy-efficiency program specifically for affordable housing properties. The Caroline was built in 1980 and renovated in 2008. …

March 27, 2026

Investment Sales News Texas

Presidium Acquires Whitney at the Heights in Houston

by Lynn Peisner March 27, 2026

HOUSTON — Texas-based Presidium has acquired Whitney at The Heights in Houston. The seller and sales price were not disclosed. Whitney at the Heights, built in 2001, includes 186 one-, two- and three-bedroom units and such amenities as a resort-style pool with seating, a resident clubhouse, a fitness center, business center, dog park, covered parking and outdoor grilling areas with televisions. Residents also receive Fetch package delivery and online maintenance scheduling. Presidium is planning to upgrade common areas, such as the pool, exterior and landscaping.

March 27, 2026

Investment Sales Maryland News Northeast

Comstock Acquires The Reed in Rockville, Maryland

by Lynn Peisner March 27, 2026

ROCKVILLE, MD. — Comstock Holding Cos. and Benefit Street Partners have acquired The Reed, a 417-unit community adjacent to the Shady Grove Metro Station in Rockville. Two Comstock subsidiaries, CHCI Residential Management and ParkX Management, will provide property management services. NewPoint Real Estate Capital arranged an undisclosed amount of equity as well as Freddie Mac financing for the buyers. Reston, Virginia-based Comstock is an investor, developer and operator focused on mixed-use and transit-oriented assets in the Washington, D.C., metro area. The acquisition of The Reed expands Comstock’s footprint in the …

March 27, 2026

Finance Midwest Nebraska News

Marcus & Millichap Arranges $31.6M Refinancing for The Flats at Leighton District in Lincoln, Nebraska

by Lynn Peisner March 27, 2026

LINCOLN, NEB. — Marcus & Millichap has arranged the $31.6 million refinancing of The Flats at Leighton District, a 234-unit property with ground-level retail in Lincoln. The lender and borrower were not named. The property offers a mix of studio to three-bedroom units as well as private-entry loft floor plans. Amenities include a resort-style pool and sundeck, controlled-access parking, bike storage, community lounges, a study room, barbeque area and a 24-hour fitness center. Frank Montalto, managing director in IPA’s Chicago office, secured the financing with a national bank.

March 27, 2026

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