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

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

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

Development Finance New York News Northeast

Cord Meyer Development Secures Construction Loan to Build Out Bay Terrace Site in Queens

by Lynn Peisner March 26, 2026

QUEENS, N.Y. — Avison Young has arranged a $75 million construction loan on behalf of Cord Meyer Development for Residences at Bay Terrace. The lender was New York Life Investment Management’s Real Estate Advisors. The community will be comprised of 145 units across two five-story buildings on-site at the Bay Terrace Shopping Center in Queens. Avison Young’s team was led by Scott Singer, Andy Singer, Kevin Swartz, Kathleen McSharry and David Brucker. Floor plans will be available in one-, two- and three-bedroom layouts, many with private terraces or balconies, and …

March 26, 2026

Finance Investment Sales Maryland News Northeast

Walker & Dunlop Arranges $75M Acquisition Loan for Metro Baltimore Property

by Lynn Peisner March 25, 2026

PIKESVILLE, MD. — Walker & Dunlop has arranged a $75 million agency loan for the acquisition of The Worthington Apartments in the northwest Baltimore suburb of Pikesville. Locally based Quest Management Group was the buyer/borrower. The 612-unit garden-style community is situated on approximately 38 acres. The site is comprised of 29 buildings, four garages, a clubhouse, a pool house and a maintenance facility. Walker & Dunlop’s Jonathan Zilber and Joel Chetner arranged the 10-year, fixed-rate nonrecourse loan.

March 25, 2026

Affordable Housing Finance New York News Northeast

PMG Secures $370M Refinancing Loan for Society Brooklyn

by Lynn Peisner March 24, 2026

BROOKLYN, N.Y. — JLL has arranged a $370 million refinancing loan for Society Brooklyn, a 517-unit, two-tower community along the Gowanus Canal in Brooklyn. The lender was Brookfield Asset Management, and the borrower was Property Markets Group (PMG), a Miami-based developer that opened the property in May 2025. Society Brooklyn is comprised of 385 market-rate units and 132 units reserved for households earning between 40 and 130 percent of area median income. The development also includes 57,288 square feet of retail and commercial space. The property offers fitness centers, yoga …

March 24, 2026

Investment Sales New York News Northeast

Slate Property Group Buys Historic Tribeca Property for $32M

by Lynn Peisner March 19, 2026

NEW YORK CITY — Slate Property Group and Avenue Realty Capital have partnered to acquire 45 White Street, a seven-story multifamily building in Manhattan’s Tribeca neighborhood. Benchmark Real Estate Group, represented by JLL, sold the asset for $32 million. Financing was provided by lender White Oak Real Estate Capital. The 16-unit building was originally constructed in 1868 as a commercial office building before being converted to residential use in 2009. The property is part of the Tribeca East Historic District and features a cast iron façade as well as two …

March 19, 2026

Investment Sales New York News Northeast

Inland Acquires Long Island Property for $190M

by Lynn Peisner March 13, 2026

FARMINGVILLE, N.Y. — Inland Real Estate Acquisitions, an affiliate of Inland Real Estate Group of Cos., has acquired The Arboretum for $190 million from BRP Cos. Located at 20 Maple Lane in Farmingville, The Arboretum sits on 62 acres. The 292-unit community was developed in 2024 and offers a mix of single-family homes, townhomes and garden-style apartments in two- and three-bedroom floor plans. Amenities include an outdoor heated pool with cabanas, a fitness center with yoga studios, tennis and bocce courts, a putting green, a playground and a 7-acre park …

March 13, 2026

Affordable Housing Investment Sales News Northeast Southeast Texas Western

TruAmerica Closes $708M Workforce Housing Fund

by Lynn Peisner March 11, 2026

LOS ANGELES — TruAmerica Multifamily has raised $708 million from investors that is being used to acquire $2 billion worth of workforce housing. Approximately $320 million has already been invested via the acquisition of 14 properties in nine cities. TruAmerica Workforce Housing Fund II will be used to buy Class B communities near major central business districts in markets that demonstrate supply-demand imbalances and limited inventory of attainable rental housing, according to the company. Target markets are located in the Southeast, Northeast, West Coast, Mountain West and throughout the Sun …

March 11, 2026

Investment Sales New Jersey News Northeast

ICON Real Estate Investors Brokers $11.2M Sale in Chatham, New Jersey

by Lynn Peisner March 9, 2026

CHATHAM, N.J. — New Jersey-based ICON Real Estate Advisors has arranged the $11.2 million sale of Chatham Arms, a renovated 31-unit building at 49 S. Passaic Ave. in Chatham, 27 miles west of Manhattan. The property was acquired by a private investor completing a 1031 exchange doing business as Cornerstone 2025 LLC, while the seller was named as Chatham Arms JV LLC. The building features studio, one- and two-bedroom residences with open floor plans, updated kitchens, hardwood flooring, 9-foot ceilings, stainless steel appliances and in-unit climate control systems. Common areas …

March 9, 2026

Newer Posts

Older Posts