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Arrowhead-Apartments-Palatine
IllinoisInvestment SalesMidwestNews

ACG Acquires Arrowhead Apartments in Chicago Suburb of Palatine

by Lynn Peisner

PALATINE, ILL. — Locally based ARTISAN Capital Group (ACG) has acquired Arrowhead Apartments, a 200-unit garden-style property in Palatine, 30 miles northwest of Chicago. ACG partnered with Boca Raton, Florida-based Eastham Capital on the transaction, marking the firms’ fifth joint acquisition. The seller, represented by Marcus & Millichap’s Chicago Oak Brook office, was a joint venture with Hispanic Housing Development Corp. as the managing partner. The community is situated on approximately 11 acres and consists of nine two- and three-story buildings with units offered as a mix of one-, two- …

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The-Flats-Oceanside
CaliforniaInvestment SalesNewsWestern

CBRE Brokers $14.4M Sale of The Flats in Oceanside, California

by Lynn Peisner

OCEANSIDE, CALIF. — CBRE has arranged the $14.4 million sale of The Flats, an 18-unit property in Oceanside, approximately 38 miles north of San Diego. CBRE’s Rachel Parsons, Philip Buckley and Anna Kampling represented FABRIC, the seller, in the sale. Conor Brennan, also of CBRE, represented the Dan and Cynthia Kronemyer Family Trust in the acquisition. The property was developed in 2024 and includes two ground-floor retail spaces totaling 2,785 square feet. Units are offered as one- and two-bedroom floor plans.

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Novel-River-District-Charlotte
Company NewsLeasing & MarketingOperations

RKW Tapped to Manage NOVEL River District in Charlotte

by Lynn Peisner

CHARLOTTE, N.C. — Crescent Communities has hired RKW Residential to third-party manage the developer’s NOVEL River District, a newly completed 318-unit property located within The River District, a 1,400-acre master-planned community in West Charlotte. NOVEL River District was the first project to be completed on the site. At full-build-out, The River District will include approximately 2,350 multifamily units as well as single-family, for-sale homes. NOVEL River District offers studio, one- and two-bedroom apartments and amenities such as a resort-style pool, fitness center, a plant room, outdoor recreation areas, dog park, …

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11-Schubert-St-Boston
Investment SalesMassachusettsNewsNortheast

Marcus & Millichap Brokers $3.2M Sale of Boston Property

by Lynn Peisner

BOSTON — Marcus & Millichap has arranged the sale of an 11-unit property at 11 Schubert St. in Boston. The asset traded between two private parties for the sum of approximately $3.2 million. About half the units were vacant at the time of the sale, allowing the buyer to begin renovations immediately, according to Marcus & Millichap, whose Boston-based team was headed up by Tony Pepdjonovic and Evan Griffith. The asset, constructed circa 1970, sits on a 0.18-acre parcel and includes a mix of one- and two-bedroom units, seven off-street …

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Arden-Glen-Cove
DevelopmentNew YorkNewsNortheast

RXR, Chuo Nittochi America Break Ground on The Arden in Glen Cove, New York

by Lynn Peisner

GLEN COVE, N.Y, — RXR and Chuo Nittochi America Corp. have broken ground on the 101-unit Arden, located within the Garvies Point mixed-use development in Glen Cove on the north shore of Long Island, about 34 miles south of Manhattan. The five-story project will include 2,400 square feet of retail and such amenities as an attended lobby, a lounge with a kitchenette, a package room, a wellness lounge with a sauna and massage rooms, a pool, fire pit, grilling stations with prep sinks, electric vehicle charging and a landscaped courtyard. …

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Fannie-Mae
Affordable HousingFinanceNewsNortheastWashington, D.C.

Fannie Mae Multifamily Loan Volume Rose 34 Percent in 2025

by Lynn Peisner

WASHINGTON, D.C. — Fannie Mae closed 2025 with a 34 percent year-over-year increase in multifamily loan volume. The agency provided approximately $74 billion in financing last year (compared with $55 billion in 2024), the highest figure since 2020. More than $8.3 billion funded affordable housing transactions, a 31 percent increase from 2024. Forty percent of all deals in 2025 were executed under Fannie Mae’s delegated underwriting model. The top-five DUS lenders last year were Walker & Dunlop ($8.95 billion); Wells Fargo ($7.75 billion); CBRE ($7.47 billion); Berkadia ($7.04 billion); and …

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Grove-at-Main-Bloomington
IllinoisInvestment SalesMidwestNews

Cinnaire Solutions Buys Grove at Main in Bloomington, Illinois

by Lynn Peisner

BLOOMINGTON, ILL. — Cinnaire Solutions has acquired Grove at Main, a 165-unit property in Bloomington. Northmarq represented the seller, Pensam. The asset was developed in multiple phases between 1979 and 2003. Grove at Main offers a mix of one‑ and two‑bedroom floor plans. Since 2021, Pensam has invested approximately $5.1 million in upgrades to the 16-building property. Enhancements include interior renovations to 158 units, updated roofs and windows, new landscaping, exterior stair replacements and mechanical improvements.

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William's-Glen-Zionsville
IndianaInvestment SalesMidwestNews

Buckingham Cos Sells Reserve at Williams Glen in Metro Indianapolis

by Lynn Peisner

ZIONSVILLE, IND. — Birge & Held has acquired Reserve at William’s Glen in the northwest Indianapolis suburb of Zionsville from Buckingham Cos. for an undisclosed sum. CBRE’s Hannah Ott, George Tikijian, Cam Benz and Claire Hassfurther represented the seller in the transaction. Both buyer and seller are headquartered in Indianapolis. The 268-unit community was developed in 2001. The property features such amenities as a resort‑style pool, 24‑hour fitness center, a clubhouse, business center, dog park, a yoga and meditation room and wooded walking trails.

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Affordable HousingDevelopmentInvestment SalesNewsSoutheastTennessee

Dominium Closes on Land Sale for Evermere at Trinity in Nashville

by Lynn Peisner

NASHVILLE, TENN. — Dominium has acquired land at 865 W. Trinity Lane in Nashville for the future development of Evermere at Trinity, a 233-unit, LIHTC-backed affordable housing community. Weis Construction is the general contractor. Homes will include private balconies, full-sized washers and dryers, walk-in closets, stainless steel appliances and high-speed internet. A fitness center, pool and playground are among the amenity highlights. Neither a construction timeline nor rent restrictions were disclosed. Within the past year, Dominium has also acquired land in Nevada, Arizona and Oklahoma for additional upcoming affordable housing …

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Meridian-at-Bedford-New-Hampshire
FinanceInvestment SalesNew HampshireNewsNortheast

Northmarq Arranges $24M Sale of  The Meridian at Bedford in New Hampshire

by Lynn Peisner

BEDFORD, N.H. — Northmarq has arranged the financing and sale of The Meridian at Bedford, an 85-unit community at 66 Hawthorne Ave. in Bedford. The seller was a private, New Hampshire-based investor, and the buyer was Arrowpoint Properties LLC. The asset traded for approximately $24 million. Northmarq’s debt and equity team arranged a $17.7 million Fannie Mae loan for Arrowpoint. The community, which was renovated in 2024, features a fitness center, laundry facilities, storage and a recreation room. Units are offered as studio, one- or two-bedroom floor plans.

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