News

Gantry Arranges $48.3M Construction Takeout Loan for Twin Cities Development

by Lynn Peisner September 14, 2026

MAPLE GROVE, MINN. — Gantry has arranged a $48.3 million construction takeout loan for The Edison at Maple Grove, a 248-unit community in the northwest Minneapolis suburb of Maple Grove. Gantry did not disclose the identity of the borrower. The property was developed by Missouri-based JPL Development and opened in 2025. Gantry’s Joe Monteleone and Bonnie Monteleone arranged the 10-year, fixed-rate Freddie Mac loan. The Edison at Maple Grove is located at 9820 Garland Lane North and consists of one-, two- and three-bedroom floor plans and a resort-style pool with …

September 14, 2026

Florida Investment Sales News Southeast

Cushman & Wakefield Brokers Two-Property South Florida Sale

by Lynn Peisner September 14, 2026

POMPANO BEACH AND LAKE WORTH, FLA. — Cushman & Wakefield has arranged the sale of the Aviara Portfolio totaling two properties and 264 units in South Florida. The seller was Aviara Florida and the buyer was CSL. Cushman & Wakefield’s Roberto Pesant, Jose Mota and Wouter Lips represented both buyer and seller. The portfolio includes Aviara East Pompano, located at 1621 S. Dixie Hwy. in Pompano Beach, a 228-unit community built in 2024 that features a resort-style pool, fitness center, pet-friendly common areas, gated access and covered parking; and Aviara …

September 14, 2026

Affordable Housing Development Investment Sales Massachusetts News Northeast

WinnCos. Acquires, Rehabs Western Massachusetts Affordable Housing Property

by Lynn Peisner September 11, 2026

CHICOPEE, MASS. — WinnCos. has acquired a 290-unit affordable housing community in Chicopee and begun a $41.5 million rehabilitation of the property. The sales price was not disclosed. Affordability restrictions at Chicopee Village Townhomes were set to expire this year. Financing for the acquisition and rehabilitation closed on Aug. 13, guaranteeing the property will remain affordable housing for 50 years. Upon completion of the renovation — slated for summer 2028 — 30 apartments will be converted to unrestricted units, allowing existing over-income households to remain housed and avoid displacement. The …

September 11, 2026

Finance News Texas

IPA Arranges $40.3M Refinancing for 312-Unit Birwood Heights in San Antonio

by Lynn Peisner September 11, 2026

SAN ANTONIO — IPA Capital Markets has arranged a $40.3 million loan to refinance the 312-unit Birwood Heights in San Antonio. The name of the borrower was not disclosed. IPA’s Brandon Roth, based in Palo Alto, California, worked with Adam Mengacci and Travis Headapohl in Dallas to secure the loan. The lender that provided the non-recourse bridge financing was also not disclosed. Birwood Heights was developed in 2019 and is comprised of one-, two- and three-bedroom units along with a resort-style pool, fitness center, outdoor grilling areas and resident lounges.

September 11, 2026

Investment Sales News Texas

Colliers Arranges Sale of The Vic at Jordan Ranch in Katy, Texas

by Lynn Peisner September 11, 2026

KATY, TEXAS — Colliers has arranged the sale of The Vic at Jordan Ranch. Neither party to the transaction, nor the sales price, was identified. Jaleel Adatia, Chip Nash, Bob Heard and Nolan Mainguy of Colliers represented the seller in the transaction. Located at 2011 Texas Heritage Parkway in Katy, The Vic at Jordan Ranch is located within Jordan Ranch, a master-planned community. The property totals approximately 302,619 square feet and is situated along Texas Heritage Parkway.

September 11, 2026

Affordable Housing California Development News Western

MidPen Housing and Partners Complete Jessie Street Terrace in Santa Cruz, California

by Lynn Peisner September 10, 2026

SANTA CRUZ, CALIF. — MidPen Housing has completed and opened Jessie Street Terrace, an affordable housing redevelopment in Santa Cruz. Formerly a 14-room hotel, Jessie Street is now comprised of 50 studio and one-bedroom permanent supportive housing units reserved for tenants earning between 20 and 50 percent of area median income. About half the apartments are reserved for veterans, while others are set aside for people who have previously experienced homelessness. MidPen Property Management manages the property. Through partnerships with Palo Alto Veterans Affairs and the County of Santa Cruz …

September 10, 2026

California Investment Sales News Western

Northmarq Arranges $23.5M Northern California Sale

by Lynn Peisner September 10, 2026

UKIAH, CALIF. — Northmarq has brokered the $23.5 million sale of a two-property portfolio in Ukiah, 115 miles north of San Francisco. The properties are Sierra Sunset Village (68 units) and Alderwood Apartments (53 units). Zach LeBeouf and Anthony Pappageorge led Northmarq’s Walnut Creek Investment Sales team, which represented the seller, Capital Investors LLC. The name of the buyer was not disclosed. Sierra Sunset Village features predominantly two-bedroom apartments and a pool, fitness center and outdoor picnic area. Alderwood Apartments offers a mix of two- and three-bedroom units along with …

September 10, 2026

Build-to-Rent Investment Sales New York News Northeast

ACP Arranges Sale of Ridgeview Townhomes & Apartments in New York’s Capital Region

by Lynn Peisner September 10, 2026

WILTON, N.Y. — Adirondack Capital Partners (ACP) has arranged the sale of Ridgeview Townhomes & Apartments, a 96-unit community in Wilton. Michael Hunter Coghill, Brittany Feinberg, Chad Sinsheimer and Jacob Brenner of ACP represented the seller, an LLC, and procured the buyer, Yakar Partners. A sales price was not disclosed. The property, built in 2014 on approximately 9 acres, includes a mix of apartment and townhome residences as well as five ground-floor commercial spaces. Units feature attached garages and private entrances.

September 10, 2026

Affordable Housing Colorado Development Finance News Western

Developers Awarded Tax Credits for Colorado Affordable Housing Project

by Lynn Peisner September 9, 2026

CLIFTON, COLO. — Housing Resources of Western Colorado (HRWC) and Evergreen Real Estate Group have been awarded 9 percent Low-Income Housing Tax Credits (LIHTC) for the development of Crawford Commons Apartments in Clifton, about 7 miles east of Grand Junction, Colorado. The 60-unit affordable housing community will provide townhome-style units to renters earning between 30 and 80 percent of area median income. LIHTC investors and syndicators were not announced. Holst Architecture is the architect, and Shaw Construction will serve as general contractor. The community will be built on land donated …

September 9, 2026

Affordable Housing Development Florida News Southeast

DFRE Begins Construction of $35M Workforce Project in Miami

by Lynn Peisner September 9, 2026

MIAMI — Locally based developer DFRE has broken ground on The Triangle, a $35 million workforce housing project in Miami’s Health District. The community will include 112 units reserved for households earning up to 120 percent of area median income. Amenities at the eight-story project include a 10,000-square-foot pool terrace and a 3,500-square-foot fitness center featuring a health food and juice bar, complemented by private fitness studios and dedicated cardio rooms across the second through fourth levels. Bike storage a clubroom, package room and parking round out the amenity offerings. …

September 9, 2026

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