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The unnamed property in Lilburn, Georgia
DevelopmentGeorgiaNewsSoutheast

Partnership to Develop 269-Unit Community in Lilburn, Georgia

by Channing Hamilton

LILBURN, GA. — RangeWater Real Estate, the City of Lilburn and The Meridian Group have partnered to develop a 269-unit community in Lilburn, roughly 23 miles northeast of Atlanta. RangeWater acquired the four-acre site, which is located at 45 Railroad Ave. in Old Town Lilburn near Lilburn City Park. RangeWater and its partners worked with the Downtown Development Authority on the project. The development team plans to break ground on the project this spring, with completion slated for late 2026. The unnamed property will offer studio, one-, two- and three-bedroom …

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4301 Vermont in Los Angeles
CaliforniaDevelopmentFinanceNewsWestern

SoLa Secures $34.8 Million Construction Loan for Affordable Project in Los Angeles

by Channing Hamilton

LOS ANGELES — SoLa has received a $34.8 million construction loan for 4301 Vermont, an affordable housing development in Los Angeles. Located at 4301 Vermont Ave., the five-story property will offer 188 units. Approximately 80 percent of the units will be designated for low-income residents, while 20 percent will be reserved for moderate-income residents. The project will feature prefabricated modular units supplied by Model Z, a subsidiary of SoLa Impact. Chris Montes of Walker & Dunlop secured the loan on behalf of the client. The lender was ACORE Capital.

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The Jade Residences of Waterfall in Darien, Illinois
IllinoisInvestment SalesMidwestNews

Marcus & Millichap Brokers Sale of 70-Unit Complex in Darien, Illinois

by Channing Hamilton

DARIEN, ILL. — Marcus & Millichap has brokered the sale of The Jade Residences of Waterfall Glen, a 70-unit asset located at 2305 Sokol Court in Darien, 24 miles southwest of Chicago. The property was constructed on 2.8 acres in 2024. The average unit size is 977 square feet. Amenities include a fitness center, party room, dog park and barbecue area.  Ryan Engle, Kyle Stengle and Andrean Angelov of Marcus & Millichap represented the seller in the deal. Engle and Angelov also procured the buyer. Both parties were private investors. …

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Investment SalesNewsTexas

AvalonBay to Acquire Metro Dallas Portfolio for $431.5 Million

by Channing Hamilton

DALLAS — AvalonBay Communities, a multifamily REIT headquartered in Arlington, Virginia, has agreed to acquire a portfolio of six communities totaling 1,844 units in the Dallas-Fort Worth metroplex. BSR REIT sold the properties for $431.5 million. The properties — Auberry at Twin Creeks, Satori Frisco, Vale Frisco, Aura Benbrook, Lakeway Castle Hills and Wimberly — were built between 1995 and 2021 and range from 216 to 349 units. The deal is expected to close in late March. AvalonBay acquired the portfolio in conjunction with two properties near Austin, Texas, which sold …

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Sunrise Lane in Everett, Washington
Investment SalesNewsWashingtonWestern

Weidner Apartment Homes Sells 131-Unit Property in Everett, Washington

by Channing Hamilton

EVERETT, WASH. — Weidner Apartment Homes has sold Sunrise Lane, a 131-unit property in Everett, roughly 29 miles north of Seattle, for $35 million. Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the undisclosed buyer.  Built in 2000 on six acres, Sunrise Lane is a gated community that offers a mix of one-, two- and three-bedroom apartments. The average unit size is 1,020 square feet. Shared amenities include a clubhouse, pool, spa and …

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The Flats at 183 in Irving, Texas
Investment SalesNewsTexas

AptVest Sells 228-Unit Community in Metro Dallas

by Channing Hamilton

IRVING, TEXAS — AptVest has sold The Flats at 183, a 228-unit community in Irving, 13 miles west of downtown Dallas, for an undisclosed price. Nick Fluellen and Bard Hoover of Marcus & Millichap’s Dallas office marketed the property on behalf of the seller. The identity of the buyer was not disclosed. Located at 3328 Willow Creek Drive, The Flats at 183 spans 127,680 square feet across 19 buildings. The property was originally built in 1968 and has undergone roughly $4.1 million in renovations since 2021, including interior unit upgrades, …

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The Waverly on the Lake in Belleville, Michigan
Investment SalesMichiganMidwestNews

Dwight Mortgage Trust Provides $88.5 Million Acquisition Loan for Community Near Detroit

by Channing Hamilton

BELLEVILLE, MICH. — Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, has provided an $88.5 million bridge acquisition loan for The Waverly on the Lake in Belleville, 30 miles west of downtown Detroit. Loan proceeds will facilitate the acquisition of the property, fund capital expenditures for unrenovated units and cover closing costs for Pepper Pike Capital Partners. David Scheer of Dwight originated the loan. The garden-style community consists of 1,046 apartments on a 99-acre site along the shores of Belleville Lake. Residents have access to a boat launch and …

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DevelopmentNewsNortheastOperationsWashington, D.C.

NMHC, NAA Send Letter to White House Urging Regulatory Reform to Improve Housing Affordability

by Channing Hamilton

WASHINGTON, D.C. — The National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) have sent a letter to the White House requesting a review of 32 federal programs, rules and regulations at 10 different agencies.  NMHC and NAA stated that some existing regulations stray from their intended purposes, stifling innovation and hampering housing production. The purpose of the proposed review would be to increase housing supply, lower costs and improve housing affordability.   “This past autumn, voters across the country made clear that lowering the cost of housing was a …

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Starling in Jersey City, New Jersey
FinanceNew JerseyNewsNortheast

Alpine Residential Secures $81.2 Million Loan for Refinancing of Two Assets in Jersey City, New Jersey

by Channing Hamilton

JERSEY CITY, N.J. — Alpine Residential has received $81.2 million in financing for Atlas and Starling, two properties located in the Bergen-Lafayette section of Jersey City. Thomas Didio, Thomas Didio Jr. and Michael Mataras of JLL Capital Markets originated the two five-year, interest only fixed-rate Freddie Mac loans. The proceeds will be used to take out the existing construction loans, which were also arranged by JLL. Located at 270 Johnston St., Atlas comprises 169 apartments, including 11 affordable units. The community was built in 2025. Starling is located at 66 Monitor St. and offers …

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Investment SalesNewsTexas

AvalonBay Acquires Two Communities Near Austin for $193 Million

by Channing Hamilton

BEE CAVE AND GEORGETOWN, TEXAS — AvalonBay Communities, a multifamily REIT based in Arlington, Virginia, has agreed to acquire Cielo and Retreat at Wolf Ranch, two properties located near Austin, for a combined purchase price of $193 million. The seller is BSR REIT, and the deal is expected to close in late March. Cielo is a 554-unit community in Bee Cave, roughly 17 miles west of Austin. The property was constructed in 2015. Retreat at Wolf Ranch is located 30 miles north of Austin and was built in 2017. The …

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