News

Atlanta Property Sells to EQ Housing Advisors for $39 Million

by Lynn Peisner August 4, 2025

ATLANTA — Aspen Square Management has sold 12th & James in Atlanta’s Upper Westside neighborhood to EQ Housing Advisors for $39 million. Under the new ownership, a public-private partnership with Atlantica Properties will convert the 214 apartments from market-rate to affordable housing. JLL represented Aspen Square in the deal. EQ Housing Advisors is a nonprofit housing investment firm, and Atlantica is a for-profit developer and investor. EQ was founded in 2022 by former RangeWater Chairman Marc Pollack. All groups, except the seller, are Atlanta-based. Atlanta Urban Development Corp. provided the …

August 4, 2025

Investment Sales News Texas

Rise48 Buys East Dallas Asset, Plans Renovations

by Lynn Peisner August 4, 2025

GARLAND, TEXAS — Rise48 Equity has acquired the 248-unit Shiloh Oaks Apartments in Garland, 14 miles northeast of Dallas. The new owners will rebrand the asset Rise Apollo Heights. This deal, an off-market transaction, marks Rise48’s 60th multifamily acquisition since the company’s founding in 2019. Rise48 is planning a value-add program during its hold period of the 1983-constructed asset. The efforts will include upgrades to 217 of the units with new stainless steel appliances, LED lighting, white shaker cabinet doors, resurfaced countertops, updated plumbing fixtures and vinyl plank flooring. In …

August 4, 2025

Affordable Housing Arizona Development News Western

Dominium Buys Land for LIHTC Development Near Phoenix

by Lynn Peisner August 1, 2025

BUCKEYE, ARIZ. — Dominium has acquired land in Buckeye, about 35 miles west of Phoenix, to develop Sidney Village. The property will offer 200 income-restricted townhomes, though rent caps were not disclosed. Specifically, Sidney Village will feature 100 three-bedroom and 100 four-bedroom homes designed as a mix of one- and two-story detached, duplex-style residences. WD Construction is the contractor. Amenities will include a clubhouse with workspaces, a fitness center, a pool with a sun deck, a central laundry facility, carports, electric vehicle charging stations and a private school bus shelter. …

August 1, 2025

Development News Texas

OHT Partners Breaks Ground on West Houston Project

by Lynn Peisner August 1, 2025

HOUSTON — OHT Partners has broken ground in West Houston on a 360-unit, three-story community, its 17th multifamily development project to date in the metro area. The property, which has yet to be formally named, is being built by OHT sister company OHT Partners Construction on a 14.2-acre site at 23615 Kingsland Blvd. Completion is slated for mid-2027. This community will offer a mix of 246 one-bedroom and 114 two-bedroom residences. Each home will feature smart lock technology, Wi-Fi-enabled thermostats, front-lit vanity mirrors, mud rooms and more. Amenities will include a …

August 1, 2025

Affordable Housing California Development News Western

Wakeland Housing Breaks Ground on $140 Million Project at Riverwalk San Diego

by Lynn Peisner August 1, 2025

SAN DIEGO — Wakeland Housing has started construction of The Becker, an affordable housing development within Riverwalk San Diego, a 200-acre planned mixed-use, transit-oriented project that includes 4,300 multifamily units, 430 of which will be affordable. Hines is the master developer on the project, which also includes 110 acres of parks, 1 million square feet of office space and 150,000 square feet of retail. The 190 units at The Becker will be reserved for tenants earning 60 percent or less of area median income, which is capped at $99,240 for …

August 1, 2025

Berkadia Finance Florida News Southeast

Berkadia Arranges $32.4 Million Freddie Mac ReFi Loan for JV Owners of Tampa Asset

by Lynn Peisner August 1, 2025

BRANDON, FLA. — Berkadia has arranged approximately $32.4 million on behalf of Robbins Property Associates and Hartford Investment Management Co. (HIMCO) to refinance Lakeside Central Apartments, a 228-unit garden-style community in the Tampa suburb of Brandon, Florida. Senior Managing Director Mitch Sinberg, Managing Directors Scott Wadler and Brad Williamson and Vice President Hugo Hernandez of Berkadia Miami and Boca Raton secured the five-year, fixed-rate Freddie Mac loan. Berkadia also financed the property’s acquisition in 2018 with a floating-rate, Freddie Mac loan. Buit in 1985 and located at 529 S. Parsons …

August 1, 2025

Finance Illinois Midwest News

Canyon Street Partners Provides $106.3 Million to ReFi Chicago High-Rise

by Lynn Peisner July 31, 2025

CHICAGO — Canyon Street Partners has funded a $106.3 million loan, arranged by JLL Capital Markets, for a joint venture led by Mavrek Development. Mavrek will use the loan to refinance existing debt on The Saint Grand, a 248-unit, 21-story mixed-use tower in Chicago’s Streeterville submarket. The joint venture partners broke ground on the asset in 2023 and opened it in 2024. In addition to the 248 apartments, The Saint Grand has a 103-space parking garage and about 47,000 square feet of retail space, currently leased to Club Studio Fitness, …

July 31, 2025

California Investment Sales News Western

Waterton Acquires Former AMLI Asset in San Fernando Valley

by Lynn Peisner July 31, 2025

WOODLAND HILLS, CALIF. — Waterton, a Chicago-based multifamily and hospitality investor and property manager, has acquired AMLI Warner Center in Woodland Hills. Terms of the deal were not disclosed. The property was developed in 2007 by AMLI Residential. The gated community, located at 21200 Kittridge St. in the San Fernando Valley, will be rebranded as The Kitt at Warner Center. Floorplans include one-, two- and three-bedroom homes. A small percentage of units have been updated, and Waterton plans to upgrade remaining units with new stainless-steel appliances, quartz countertops, new cabinet …

July 31, 2025

Investment Sales Massachusetts News Northeast

Marcus & Millichap Arranges $7 Million Sale South of Boston

by Lynn Peisner July 31, 2025

HOLBROOK, MASS. — Marcus & Millichap has arranged the $7 Million sale of Johns Avenue Apartments, a 34-unit building in Holbrook, 17 miles south of Boston. Marcus & Millichap’s Tony Pepdjonovic and Evan Griffith represented the seller and procured the buyer. Neither party was identified. The property was built in 1965 and totals 26,164 square feet on about a 1-acre lot. Floor plans are mix of four studios and 30 one-bedrooms.

July 31, 2025

Investment Sales Nevada News Western

CONAM Group Acquires Las Vegas Asset

by Lynn Peisner July 31, 2025

LAS VEGAS — The CONAM Group has acquired Reverb at Spring Valley in Las Vegas. The sales price and seller were not disclosed. The 180-unit property was completed in 2000 and consists of two-story, garden-style buildings with a majority of floor plans configured as two-bedrooms. Amenities include a clubhouse with a coffee bar, game room, fitness center and a pool deck with assorted outdoor games, fire pits and barbecues.

July 31, 2025

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