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Watsonville-Metro
Affordable HousingCaliforniaDevelopmentFinanceNewsWestern

MidPen Housing Secures $132.8 Million in Grants for Three Central California Affordable Housing Developments

by Lynn Peisner

SAN JOSÉ, ALAMEDA, AND WATSONVILLE, CALIF. — The California Strategic Growth Council has awarded funding to existing MidPen Housing developments in San José, Alameda and Watsonville that include a total of 362 affordable units as well as transit improvements. Valley Transportation Authority (VTA) Capitol Station in San José was awarded $49.3 million. Located next to the Capitol Light rail station, this transit-oriented development will include 203 affordable rental homes, including 51 permanent supportive housing apartments for formerly homeless individuals. The project will replace an underutilized VTA parking lot with an …

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Vireo-Medical-District-McKinney
Build-to-RentFinanceFloridaNewsSoutheastTexas

JLL Arranges Refinancing for BTR Portfolio in Dallas, Austin and Tampa Markets

by Lynn Peisner

WESLEY CHAPEL, FLA., MCKINNEY and GEORGETOWN, TEXAS — JLL has arranged a $130 million refinancing loan through KeyBank National Association’s Institutional Real Estate Group for the Vireo build-to-rent portfolio. The three properties were developed by McCarthy Cos. and include Vireo Medical District, a 210-unit property at 2300 S. McDonald St. in McKinney that was completed in 2024 and has recently stabilized; Vireo Twelve Oaks, a 217-unit property at 201 Morningstar Blvd. in Georgetown that was delivered in 2025 and is currently in lease-up; and Vireo Wesley Chapel, a 181-unit project …

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Alta-Beacon-Nashville
DevelopmentNewsSoutheastTennessee

Wood Partners to Develop Alta Beacon in Nashville

by Lynn Peisner

NASHVILLE, TENN. — Wood Partners plans to break ground in January on Alta Beacon, a 328-unit property in the Wedgewood-Houston neighborhood of Nashville. Situated atop a 60-foot bluff, the five-story community will feature a mix of studio, one- and two-bedroom units. Amenities include a clubhouse, a fitness area, a resort-style pool, an indoor sky deck with a large exterior deck, dog yards, a pet spa and gate-protected structured parking. Earlier in 2025, Atlanta-based Wood Partners broke ground on Alta Gallatin, a 372-unit community situated on 35 acres. That project will …

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Bucking-Horse-Apartments-Fort-Collins
ColoradoInvestment SalesNewsWestern

The Milestone Group Buys Bucking Horse Apartments in Fort Collins

by Lynn Peisner

FORT COLLINS, COLO. — Equus Capital Partners has sold Bucking Horse Apartments in Fort Collins to The Milestone Group for an undisclosed amount. Newmark arranged the sale as well as acquisition financing. Bucking Horse Apartments offers one-, two- and three-bedroom units as well as 18 townhomes with attached garages. Apartments feature open-concept layouts, private balconies or patios with exterior storage closets and kitchens equipped with stainless steel appliances and islands. Amenities are anchored by The Ranch House clubhouse, which includes a private movie theater, resident lounge space, a resort-style pool …

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Portico-Revere
DevelopmentMassachusettsNewsNortheast

HYM, Cathexis Break Ground on Second Residential Project in Boston’s Suffolk Downs Redevelopment

by Lynn Peisner

REVERE, MASS. — The HYM Investment Group, along with project partners Cathexis Holdings, the City of Revere, Related Fund Management and Suffolk, have broken ground on Portico, the second residential building at the 161-acre Suffolk Downs, a redevelopment of a former horse racing track. HYM and Cathexis bought the site in 2017 with a plan to redevelop the property into a mixed-use district. The first project, Amaya, was completed in 2024. Portico is slated for a February 2028 completion. Additional partners on the 473-unit project include Prellwitz Chilinski Architects, MEP …

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Camelot-West-Middlesex-County
Affordable HousingFinanceNew JerseyNewsNortheast

JLL Arranges $47.5 Million Refinancing for Kaplan’s Camelot West at Townelake Project in New Jersey

by Lynn Peisner

SAYREVILLE, N.J. — JLL has arranged a $47.5 million refinancing loan through a regional bank secured by Camelot West at Townelake. The newly delivered 176-unit luxury property was developed by sponsor Kaplan Cos. and consists of seven residential buildings. The luxury mid-rise community offers 166 market-rate units and 10 units reserved for tenants earning up to 80 percent of area median income. Floor plans are offered in one-, two- or three-bedroom options. Amenities include a fitness center, a pool, lounge area with a coffee bar, a parcel room, a barbecue …

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Alta-Metro-Center-Aurora
ColoradoDevelopmentNewsWestern

Wood Partners, Clarion Partners Break Ground at Metro Center in Aurora

by Lynn Peisner

AURORA, COLO. — Atlanta-based Wood Partners and New York City-based Clarion Partners have broken ground on Alta Metro Center in Aurora. The joint venture expects to complete the 365-unit community by approximately the first quarter of 2028. Alta Metro Center is an Opportunity Zone, transit-oriented project located within the larger Metro Center master-planned community built around a light rail station and bus hub. The multifamily development will include art installations, two pocket parks, seating areas, play zones and outdoor fitness spaces. The community will consist of four four-story buildings with …

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The-Hazel-Jersey-City
FinanceNew JerseyNewsNortheast

Alpine Residential Refinances The Hazel in Jersey City with $72 Million Loan

by Lynn Peisner

JERSEY CITY, N.J. — JLL has arranged a $72 million loan through Truist Bank on behalf of Alpine Residential and Fields Grade for the refinancing of The Hazel, a 201-unit luxury community in Jersey City. The Hazel was developed in two phases. The 114-unit first phase was completed in late 2024, and the 87-unit second phase wrapped in late 2024. The seven-story mid-rise community features 190 market-rate and 11 affordable units in a mix of studio, one- and two-bedroom layouts. Tenants must earn more than 50 percent of area median …

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Lisbon-Court-Milwaukee
Investment SalesMidwestNewsWisconsin

Metropolitan Associates Sells Milwaukee Portfolio for $29.7 Million

by Lynn Peisner

MILWAUKEE — CBRE has arranged a portfolio comprised of four Milwaukee properties for $29.7 million. Locally based Metropolitan Associates sold the portfolio to Brookfield, Wisconsin-based Coachlight Communities. The assets are Parkview Apartments (232 units), Lisbon Court (71 units), Hampton Gardens (30 units), and Grantosa Apartments (25 units). Metropolitan developed the properties in the 1960s and has owned them since then. CBRE’s Matson Holbrook, Gretchen Richards, Sean Beuche and Patrick Gallagher represented the seller in the transaction.

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Wrenly-Newnan
DevelopmentGeorgiaNewsSoutheast

Thompson Thrift to Develop Wrenly in Suburban Atlanta

by Lynn Peisner

NEWNAN, GA. — Thompson Thrift will develop Wrenly, a 214-unit property in Newnan, 40 miles southwest of downtown Atlanta. Indiana-based Thompson Thrift expects to welcome residents by April 2027 with full construction completion slated for early 2028. The 29-acre community will consist of six residential buildings with units offered as one-, two- and three-bedroom floor plans. Amenities include a 24-hour fitness center, a pool with a waterfall feature, a firepit with seating areas, grills, a pickleball court, a dog park and a business center.

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