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Latitude 38 Apartments
DevelopmentIllinoisMidwestNews

Mia Rose Holdings Nears Completion of 144-Unit Project in Metro St. Louis

by Channing Hamilton

GLEN CARBON, ILL. — Mia Rose Holdings is nearing completion of Latitude 38 Apartments, a 144-unit development located in Glen Carbon, about 14 miles northeast of St. Louis. MBG is building the project, which is slated to open in May. Kunkel Wittenauer is handling leasing efforts. Amenities at Latitude 38 Apartments will include a pool, clubhouse, fitness center, dog park, walking trails, grills and electric vehicle charging stations. The property is part of the larger Meridian Plaza, a 44-acre mixed-use development. 

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Investment SalesNewsTexas

Epic Capital Partners Sells 116-Unit Asset in Fort Worth, Texas

by Channing Hamilton

FORT WORTH, TEXAS — Epic Capital Partners has sold Candle Chase Apartments, a 116-unit complex in southwest Fort Worth. The property was originally built in 1969. According to Apartments.com, the property offers one- and two-bedroom units that range in size from 715 to 1,198 square feet. Doug Banerjee and Sterling Warren of Greysteel represented the seller in the transaction. The buyer, an entity doing business as Delara Chase LLC, has rebranded the property as Delara Chase Apartments.

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Ben Hill
DevelopmentGeorgiaNewsSoutheast

Wood Partners Breaks Ground on 236-Unit Project in Atlanta

by Channing Hamilton

ATLANTA — Wood Partners has broken ground on Ben Hill, a 236-unit community in Atlanta. Units will come in one-, two- and three-bedroom floor plans. Amenities will include a clubroom, coworking space, day offices, a fitness center, pool and dog park. The property is located near Hartsfield-Jackson Atlanta International Airport, as well as major industrial corridors such as the Fulton Industrial Corridor and the I-85 South industrial corridor. The locally based developer began constructing the project in January. Ben Hill is slated for completion in August 2026.

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The Astoria
DevelopmentFinanceNewsUtahWestern

Midtown Capital Receives $31.5 Million Bridge Loan for Salt Lake City Development

by Channing Hamilton

SALT LAKE CITY — Midtown Capital has secured a $31.5 million bridge loan to complete the construction of The Astoria, a 149-unit property situated in the Fairpark District of Salt Lake City. Located at 11 N. 800 West, the seven-story asset will offer 372-square-foot micro units, 545-square-foot studios and one- and two-bedroom floor plans up to 955 square feet each.  The development is slated for completion in the third quarter of 2025. Scott Wadler, Patrick Johnson, Mitch Sinberg, Brad Williamson and Matt Robbins of Berkadia arranged the financing. New York-based …

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50 Hudson St.
DevelopmentFinanceNew JerseyNewsNortheast

Tishman Speyer Receives $331 Million Construction Loan for Jersey City Apartment Tower

by Channing Hamilton

JERSEY CITY, N.J. — Tishman Speyer has received a $331 million loan from global investment group CDPQ for the construction of a 40-story apartment tower in Jersey City. Located at 50 Hudson St. in the Paulus Hook neighborhood, the community will consist of 924 apartments and 10,000 square feet of street-level retail space. Units will come in studio, one- and two-bedroom floor plans. The New York City-based developer plans to break ground on the tower in the coming weeks, with completion slated for 2028. The development is the sister building of 55 …

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Jose Torres
Affordable HousingIndustry VoicesNews

The Economic Ripple Effect of Affordable Housing

by Lynn Peisner

By Jose Torres The United States is in the grip of a deepening housing crisis. Across the country, there is a shortage of 7.3 million rental homes that are both affordable and available to lower-income renters. While affordable housing initiatives and development are primarily geared toward addressing this gap, the impact of the shortage extends far beyond shelter. Affordable housing doesn’t just provide stable, accessible homes, it is a powerful engine for economic growth and prosperity, fueling long-term job creation, supporting local businesses and strengthening stability. A Powerful Job-Creation Cycle …

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Halstead Tarrytown
Investment SalesNew YorkNewsNortheast

DSF Group Sells 300-Unit Community in Tarrytown, New York

by Channing Hamilton

TARRYTOWN, N.Y. — The DSF Group has sold Halstead Tarrytown, a 300-unit asset located in Tarrytown, about 30 miles north of New York City. Built in 1998, the property consists of 11 two-story buildings offering a mix of one- and two-bedroom apartments. The JLL Suburban Tri-State Capital Markets team represented the seller and procured the buyer in the deal. The identity of the buyer and the sales price were not disclosed.

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Solaire Apartments
ColoradoInvestment SalesNewsWestern

Milestone Acquires Solaire Apartments in Denver Suburb

by Channing Hamilton

BRIGHTON, COLO. — The Milestone Group has purchased Solaire Apartments, a 252-unit community located at 1287 S. 8th Ave. in Brighton, roughly 21 miles northeast of Denver. The purchase price was not disclosed. Solaire Apartments offers one-, two-, and three-bedroom apartments. Residents have access to shared amenities including a clubroom with a kitchen and business center, fitness center, dog park, playground, native grass areas and a pool with a lap lane, hot tub and lounge.

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Amber Valley Apartments
Investment SalesMidwestNewsNorth Dakota

Gindi Equities Acquires Amber Valley Apartments in Fargo, North Dakota

by Channing Hamilton

FARGO, N.D. — Gindi Equities has acquired Amber Valley Apartments, a 162-unit property in Fargo, for an undisclosed price. Built in 2001, Amber Valley Apartments consists of 162 units that range from one- to three-bedroom floor plans. Gindi plans to launch a renovation program at the community, upgrading both interior spaces and common areas. The seller, Property Resources Group, will continue to manage and service the asset. The acquisition marks Gindi’s fourth purchase in the Fargo market in the past 12 months.

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The Rushmore
Affordable HousingDevelopmentNewsTexas

Housing Trust Group Breaks Ground on $33.8 Million Affordable Housing Project in Houston

by Channing Hamilton

HOUSTON — Miami-based developer Housing Trust Group has broken ground on The Rushmore, a $33.8 million affordable housing project located in the Energy Corridor of Houston. The community will comprise 101 units, 85 of which will be reserved for households earning at or below 30, 50 and 60 percent of the area median income. Residences will come in one-, two- and three-bedroom floor plans. Amenities will include a pool, community clubroom, workroom, fitness center, game room and designated dog walking path. Completion is slated for spring 2026. Financing sources for …

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