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Camden-Hollywood
CaliforniaInvestment SalesNewsWestern

BlackRock Acquires 11-Property Camden Portfolio for $1.6B

by Lynn Peisner

HOUSTON — Camden Property Trust (NYSE: CPT) has sold an 11-property, 3,620-unit apartment portfolio in Southern California for approximately $1.6 billion. The buyer was a BlackRock-managed investment entity. According to JLL, which represented Camden in the sale, the portfolio’s 3,620 units equal 16.5 percent of the relevant Southern California markets’ average annual transaction volume by unit count over the past five years. JLL characterized the transaction as unusually large for markets where owners typically hold multifamily properties for long periods. The properties are located across Los Angeles County, Orange County, …

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Village-at-Lake-Forest-Jacksonville
Affordable HousingFinanceNews

JPMorganChase Commits $750B to Increase Housing Supply

by Lynn Peisner

NEW YORK CITY — JPMorganChase has announced it will deploy $750 billion to support affordable housing production through 2035. Called the American Dream Initiative, the $750 billion commitment will serve both renters and homebuyers and represents a 40 percent increase in housing funding compared with the past decade. The plan calls for increased capital deployed through available tools such as debt, equity and grants to build or preserve housing supply. JPMorganChase will partner with developers, owners, nonprofits and governments to back 1,000,000 rental units affordable to households earning no more …

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Maple-Knoll-Westfield
FinanceIndianaInvestment SalesMidwestNews

Hudson Investing Secures $52.1M in Debt and Equity to Acquire Metro Indianapolis Asset

by Lynn Peisner

WESTFIELD, IND. — Locally based Hudson Investing has obtained financing to acquire Maple Knoll Apartments, a 300-unit community in the Indianapolis suburb of Westfield. Northmarq’s Annamarie Bjorklund and Cody Field arranged a Freddie Mac loan and secured equity from Torchlight Investing. The financing totals $52.1 million. Located at 500 Bigleaf Maple Way in Westfield, the garden-style property was built in 2007 and features 18 three-story buildings with one-, two- and three-bedroom units averaging 1,002 square feet. Hudson is planning a value-add repositioning strategy to grow rents.

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Marine-Drive-Buffalo
Affordable HousingDevelopmentNew YorkNewsNortheast

Habitat Starts Construction of First Phase of $600M Affordable Housing Redevelopment in Buffalo, New York

by Lynn Peisner

BUFFALO, N.Y. — The Habitat Co., along with partners Duvernay + Brooks and Bridges Development, an affiliate of the Buffalo Municipal Housing Authority, has started construction of the first phase of the Marine Drive Apartments public housing redevelopment in Buffalo. The $250 million first phase will include 254 affordable apartments across four newly constructed residential buildings. Built in the 1950s, the existing seven-building Marine Drive public housing complex faced aging infrastructure and dated building systems. The three-phase redevelopment will replace the original 616 apartments with approximately 730 new homes. Phase …

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Acappella-Lynnwood
Investment SalesNewsWashingtonWestern

Weidner Sells Puget Sound Asset for $112M

by Lynn Peisner

LYNNWOOD, WASH. — Weidner Apartment Homes has sold A’Cappella Apartment Homes in Lynnwood for $112 million. The Puget Sound Business Journal identifies Pacific Urban Investors as the buyer. Kyle Yamamoto, Eli Hanacek and Natalie Kasper of CBRE’s Pacific Northwest multifamily team represented Weidner. Built in 1989, A’Cappella is located at 15001 35th St. and was 95 percent occupied at the time the deal closed. Lynnwood sits at the northern terminus of Sound Transit’s Link light rail, which opened in August 2024 and connects residents to Seattle.

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Ekos-at-Rockledge-Park-Rockledge
Affordable HousingDevelopmentFloridaNewsSoutheast

McDowell Housing Partners Breaks Ground on $38.2M Affordable Housing Community in Rockledge, Florida

by Lynn Peisner

ROCKLEDGE, FLA. — McDowell Housing Partners (MHP) has begun construction of Ekos at Rockledge Park, a $38.2 million, 100-unit affordable housing community in Rockledge. The property’s one-, two- and three-bedroom units will be reserved for households earning up to 30, 60 and 70 percent of area median income. The LIHTC project will be built to National Green Building Standards. Units will be equipped with Energy Star-rated appliances, low-flow plumbing fixtures, LED lighting and other energy-efficient features. Amenities feature a clubhouse, fitness center, business center with computer stations, package lockers, community …

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Atlas-Peakview-Centennial
ColoradoFinanceNewsWestern

Mesa West Capital Delivers $81M Refinancing for Atlas Peakview in Centennial, Colorado

by Lynn Peisner

CENTENNIAL, COLO. — Mesa West Capital has provided an $81 million short-term first mortgage loan to a joint venture between The Dinerstein Cos. and PGIM. The loan will refinance Atlas Peakview, a 330-unit development in the Denver suburb of Centennial. Walker & Dunlop’s Tom Melody, Paul House and John Melody arranged the loan. The property has reached 85 percent occupancy since opening in 2025. Atlas Peakview, located at 7800 E. Peakview Ave., offers studio through three-bedroom apartment floor plans and two- and three-bedroom townhomes. Community amenities include a resort-style pool …

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Park-Square-Yonkers
DevelopmentNew YorkNewsNortheast

Titan Real Estate Development Breaks Ground on $185M Park Square in Yonkers, New York

by Lynn Peisner

YONKERS, N.Y. — Titan Real Estate Development has broken ground on Park Square Yonkers, a $185 million development at 1 Loehr Place in Yonkers. The seven-story project will feature a mix of 192 studio apartments and 148 one-bedroom apartments. Residents will have access to such amenities as a 15,000-square-foot elevated private outdoor courtyard, a two-level fitness center, a business center with work stations, a lounge, a pet spa and several thousand square feet of dedicated resident storage located within the building. Construction is expected to take approximately 24 months. The …

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Artisan-Point-Naranja
Affordable HousingDevelopmentFinanceFloridaNewsSoutheast

HTG, AM Affordable Housing Break Ground on Artisan Pointe in Naranja, Florida

by Lynn Peisner

NARANJA, FLA. — Housing Trust Group (HTG) and AM Affordable Housing have secured financing to begin construction of the first phase of Artisan Pointe, an affordable housing community in Naranja, 34 miles south of Miami. Located at 26115 S. Dixie Highway, Artisan Pointe will include 115 units in the first phase. Rents for the one- and two-bedroom units are restricted to 30, 60 and 70 percent of area median income (AMI). Monthly rents for qualifying residents will range from $766 for a one-bedroom apartment at the 30 percent AMI tier …

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Everly-Morrison-Ranch-Gilbert
ArizonaFinanceNewsWestern

PCCP Provides $51.8M Refinancing Loan for Everly at Morrison Ranch in Metro Phoenix

by Lynn Peisner

GILBERT, ARIZ. — PCCP has provided a $51.8 million senior loan to a joint venture between Phoenix Capital Management and P.B. Bell for the refinancing of Everly at Morrison Ranch in Gilbert. Located at 4353 E. Elliot Road, Everly at Morrison Ranch was built in 2025. The 236-unit community is 97 percent leased and is within Morrison Ranch, a master-planned neighborhood in Gilbert. Units are offered as one-, two- or three-bedroom floor plans complemented by amenities such as a resort-style pool and hot tub, private workspaces, electric vehicle charging stations, …

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