News

Marcus & Millichap Arranges $8.7M Sale of 1920s Apartment Building in New Bedford, Massachusetts

by Lynn Peisner April 29, 2026

NEW BEDFORD, MASS. — Marcus & Millichap has arranged the $8.7 million sale of Roosevelt Apartments in downtown New Bedford, about 58 miles south of Boston. Evan Griffith and Tony Pepdjonovic of Marcus & Millichap marketed the property on behalf of the seller, a family office based in New Jersey, and procured the undisclosed buyer. Roosevelt Apartments consists 73 studio, one- and two-bedroom units. The six-story brick apartment building was built in 1924, sits on about a half-acre lot and includes 26 off-street parking spaces. The property is located at …

April 29, 2026

Finance Florida News Southeast

The Lynd Group Obtains $34.5M Refinancing for Parc Place Apartments in Metro Miami

by Lynn Peisner April 28, 2026

MIAMI GARDENS, FLA. — The Lynd Group has secured a $34.5 million loan, provided by A10 Capital, to refinance Parc Place, a 234-unit community in Miami Gardens, about 17 miles north of Miami. The Lynd Group, an investment, development and property management firm based in San Antonio, acquired Parc Place in 2021 for $40.8 million. The loan will support the company’s ongoing renovations. According to CEO David Lynd, monthly rent increases so far during the hold period have ranged from $120 to $150. Unit improvements include new flooring, countertops, stainless …

April 28, 2026

Investment Sales News Northeast Washington, D.C.

Marcus & Millichap Arranges $4.7M Sale of 21-Unit Property in Northwest D.C.

by Lynn Peisner April 28, 2026

WASHINGTON, D.C. — Marcus & Millichap has arranged the sale of 4107 Connecticut Ave. NW, a 37-unit apartment building in the Van Ness neighborhood of Washington, D.C. The asset sold for approximately $4.7 million. Marcus & Millichap also arranged $3.5 million in acquisition financing. The seller and buyer were identified as two LLCs, Sirius and White Crest, respectively. The four-story apartment building totals approximately 14,400 rentable square feet. The unit mix includes 21 studios, seven one-bedroom units and nine two-bedroom units. Built in 1957, the building has undergone recent renovations, …

April 28, 2026

Affordable Housing Investment Sales News North Carolina Southeast

Rise48 Equity Buys Raleigh, North Carolina, Property, Plans Renovations and Institutes Rent Caps

by Lynn Peisner April 28, 2026

RALEIGH — Rise48 Equity has acquired Atria at Crabtree Valley in Raleigh and will rebrand the property Rise Bluestone. Located at 4601 Baymar Drive, the community was developed in 1987. Rise48 is planning a value-add renovation program across all units that will include new vinyl plank flooring, resurfaced countertops and updated finishes. From a service standpoint, Rise48 will install a bulk cable and internet program and as well as new carport parking. The Arizona-based company says these efforts are expected to result in a monthly rental rate increase of approximately …

April 28, 2026

Affordable Housing Finance News

Walker & Dunlop Arrange $1.7B Refinancing for 52-Property Affordable Housing Portfolio

by Lynn Peisner April 27, 2026

MIAMI — Walker & Dunlop has arranged approximately $1.7 billion in agency loan proceeds to refinance 12,955 predominantly workforce and affordable housing units in 52 properties across 10 states for Starwood Capital. Walker & Dunlop Capital Markets Institutional Advisory arranged the transaction on behalf of Starwood Capital’s Starwood Real Estate Income Trust (SREIT), which acquired the properties in 2021. Dustin Stolly, Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Sean Reimer, Michael Stepniewski and Michael Ianno originated the 10-year Freddie Mac loans.

April 27, 2026

Investment Sales News Texas

Eastham Capital Sells University Green Apartments in Houston

by Lynn Peisner April 27, 2026

HOUSTON — Eastham Capital, a Boca Raton, Florida-based private equity real estate firm, has sold University Green Apartments in Houston to a private buyer for an undisclosed sum. Eastham Capital Fund V acquired the 194-unit community in 2018. During the hold period, Eastham renovated units, exteriors and amenity spaces. At the time of disposition, University Green Apartments was approximately 97 percent occupied, with rents having increased from $739 at the time of acquisition to $1,040.

April 27, 2026

Build-to-Rent Development News South Carolina Southeast

Henderson Park, Green Room Partners Break Ground on South Carolina BTR Project The Bower

by Lynn Peisner April 27, 2026

BLUFFTON, S.C. — International private equity firm Henderson Park and Charleston, South Carolina-based developer Green Room Partners have broken ground on The Bower, a 266-unit build-to-rent community in Bluffton. Amenities at The Bower will include a clubhouse with a library, coworking space, a community kitchen, lounge and a fitness center. Outdoor amenities feature a pool, outdoor kitchen and bar, cabana, grilling stations, pickleball courts, a putting green, fire pit, dog park and an interconnected walking trail system throughout the community. The clubhouse and amenities are scheduled for completion in July …

April 27, 2026

Finance Investment Sales Maine News Northeast

JLL Arranges $13.6M Acquisition Financing for Property in Scarborough, Maine

by Lynn Peisner April 24, 2026

SCARBOROUGH, MAINE — JLL has arranged a $13.6 million Fannie Mae loan to acquire Carrier Woods, an 84-unit property in Scarborough, about seven miles south of Portland, Maine. Chestnut Realty Management acquired the asset. Carrier Woods was developed in 2018 and is comprised of seven three-story buildings featuring 80 market-rate units and four affordable units in a mix of one- and two-bedroom floor plans. Rent restrictions were not disclosed. Amenities include on-site parking, garden plots, an enclosed dog park and rentable storage units. JLL Capital Markets’ Debt Advisory team was …

April 24, 2026

Investment Sales News Southeast Virginia

Bradford Manor in Richmond, Virginia, Trades for $4.2M

by Lynn Peisner April 24, 2026

RICHMOND, VA. — Marcus & Millichap has arranged the $4.2 million sale of Bradford Manor Apartments in Richmond. Neither party to the transaction was named. Bradford Manor Apartments, located at 2027 Fairfield Ave., was built in 1970 and consists of 56 two-bedroom, two-bath units. Marcus & Millichap’s Kristina Ermyakina led the transaction.

April 24, 2026

Build-to-Rent Development Midwest News Ohio

Stark Enterprises to Break Ground on Lock Pointe Village in Ohio

by Lynn Peisner April 24, 2026

CANAL WINCHESTER, OHIO — Stark Enterprises, a Cleveland-based developer, has announced Lock Pointe Village, a 120-unit build-to-rent community in Canal Winchester, about 18 miles southwest of Columbus, Ohio. Stark has acquired land at 6700 Nathan Drive, secured financing and is planning to break ground later this spring. The development will be comprised of 37 buildings. Units will feature private driveways and attached two-car garages. Amenities include a fitness center, sports court and a dog park. Completion is slated for 2027.

April 24, 2026

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