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Highgates Group Obtains $96.7 Million ReFi for Three Kentucky Assets

by Lynn Peisner January 27, 2026

LOUISVILLE, KY. — Walker & Dunlop has arranged $96.7 million in refinancing for three recently built assets in Louisville owned by Highgates Group. Jonathan Zilber, Joel Chetner and Josh Geller secured three floating-rate, interest-only loans from an institutional lender. Proceeds will be used to repay existing debt, fund closing costs and return capital to investors. The properties are comprised of Belmond Flats (240 units), Cedar Creek Flats (168 units) and Glengrove Apartments (232 units). Highgates is a development firm with offices in Kentucky, New Jersey and the United Kingdom.

January 27, 2026

Affordable Housing Development Finance Maryland News Northeast

WinnDevelopment Begins Construction of $44 Million Affordable Housing Community in Baltimore

by Lynn Peisner January 26, 2026

BALTIMORE — WinnDevelopment, along with nonprofit partners BRIDGES Community Development Corp. and Bon Secours Unity Properties, have secured financing for the $44 million Residences at Belvedere Place in northwest Baltimore. The development includes 83 units of affordable housing as well as 8,442 square feet of commercial space. Financing partners for the project include the Maryland Department of Housing & Community Development (MD-DHCD), which delivered Low-Income Housing Tax Credits (LIHTC), tax-exempt bond financing and a subordinate loan; the City of Baltimore, which provided additional gap financing; Bank of America, which is …

January 26, 2026

Colorado Finance Investment Sales News Western

Kennedy Wilson Buys The Fletcher Southlands in Aurora, Colorado, for $94.8 Million, Secures $61.8 Million Acquisition Loan

by Lynn Peisner January 23, 2026

AURORA, COLO. — Kennedy Wilson (NYSE: KW) has acquired The Fletcher Southlands in Aurora’s Southlands submarket for approximately $94.8 million from CBRE Global Investors. JLL Capital Markets has arranged a $61.8 million Freddie Mac acquisition loan for Kennedy Wilson. The Fletcher Southlands, located at 22959 E. Smoky Hill Road, was built in 2001 on a 23-acre site and features one- to four-bedroom units and amenities that include a pool and hot tub, fitness and business centers, a gaming area, covered parking, a dog park, package lockers, grills, valet trash services, …

January 23, 2026

Investment Sales News Northeast Pennsylvania

Capano Residential Buys Historic Philadelphia Apartment Building for $24 Million

by Lynn Peisner January 22, 2026

PHILADELPHIA — Capano Residential, a developer/owner based out of Wilmington, Delaware, has acquired Rittenhouse Row Apartments in Philadelphia’s Center City for $23.7 million. The building was constructed in 1910 and converted to residential in the early 1990s. Capano is planning to invest approximately $2 million in renovations to the second floor, where the fitness and leasing centers are currently located. The entire floor will be demolished making way for four additional apartments, renovated leasing and fitness centers and an amenity space for coworking and social gatherings. The upgrades are slated …

January 22, 2026

Affordable Housing Development Finance Indiana Michigan Midwest News Wisconsin

Cinnaire Closes on $134 Million LIHTC Fund Backing 12 Affordable Housing Developments

by Lynn Peisner January 21, 2026

LANSING, MICH. — Cinnaire, a Lansing-based affordable housing investment nonprofit, has closed a $134 million Low-Income Housing Tax Credit (LIHTC) fund that will finance 12 affordable housing developments in five states. Examples of the new construction and redevelopment projects that Fund 44 will support include: Chamberlain House. A new-construction, 40-unit development in Rochester, Indiana. The developer is Housing Directions and Village Management Co. East Bay Flats. An acquisition-rehabilitation project in Traverse City, Michigan, this 64-unit community will support individuals who are at risk of homelessness. On-site supportive services, including substance-use …

January 21, 2026

California Development News Western

Priority Capital Arranges $174 Million for Phase I of Blosser Ranch in Santa Maria, California

by Lynn Peisner January 20, 2026

SANTA MARIA, CALIF. — Zachary Streit, founder and president of Priority Capital Advisory, has arranged $174 million in financing for Canfield Development’s 160-acre master-planned project Blosser Ranch in Santa Maria. The loans will fund the first phase of construction: a 302-unit, three-story garden-style multifamily community set on 12 acres. The to-be-named property will be comprised of one-, two- and three-bedroom units and such amenities as a pool and hot tub, a clubhouse, fitness and business centers, grills, firepits and a pet park. Construction is underway, and Canfield estimates the apartment …

January 20, 2026

Illinois Investment Sales Midwest News

Eastham Capital Buys The Element in Mount Prospect, Illinois, for $75.3 Million

by Lynn Peisner January 19, 2026

MOUNT PROSPECT, ILL. — Eastham Capital, along with co-investor Chicago-based Bender Cos., has acquired The Element, a 509-unit garden-style property in Mount Prospect, 22 miles northwest of Chicago. The Element, which traded at $75.3 million, is the first asset acquired with Eastham’s Fund VII. The company will invest $5 million to upgrade units, exterior areas and building systems. The property was 95 percent occupied at the time of the sale, with average monthly effective rents at $1,590. The Element was built in 1968 on approximately 10 acres. Eastham Capital is …

January 19, 2026

Finance Investment Sales Massachusetts News Northeast

Walker & Dunlop Arranges $53.6 Million Sale of Mixed-Use Asset in Cambridge, Massachusetts

by Lynn Peisner January 16, 2026

CAMBRIDGE, MASS. — Walker & Dunlop has arranged the $53.6 million sale of 929 MASS, a mixed-use, two-building property in the Central Square area of Cambridge. Walker & Dunlop represented the unnamed institutional seller in the deal with a team led by Travis D’Amato, Michael Coyne, Brendan Shields, Kevin Gleason and Maggie McFarland. Concurrently, Andrew Gnazzo and Mike Darling secured acquisition financing for buyer John M Corcoran & Co. (JMC), arranging a $37.1 million fixed-rate, interest-only Fannie Mae loan. JMC has partnered with Stars REI, a global, privately held company …

January 16, 2026

Finance New York News Northeast

Walker & Dunlop Arranges $116 ReFi for Yonkers Property

by Lynn Peisner January 15, 2026

YONKERS, N.Y. — Walker & Dunlop has arranged a $116 million Fannie Mae loan to refinance Alexander Crossing in Yonkers. Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Michael Ianno, Sean Bastian and Jack Krentzman arranged the five-year, fixed-rate loan for New York City-based Rose Associates and joint venture partner Battery Global Advisors, an asset manager headquartered in Boston. Alexander Crossing is a seven-story, 440-unit building comprised of studio through three-bedroom layouts, including 44 apartments designated affordable. Rent restrictions were not publicly available. The community is …

January 15, 2026

Investment Sales New Jersey News Northeast

Klein Enterprises Sells Belleville, New Jersey, Asset for $80 Million

by Lynn Peisner January 14, 2026

BELLEVILLE, N.J. — JLL has arranged the sale of and financing for SilverLake Apartments, a 232-unit community in Belleville, 15 miles northwest of Manhattan. The seller was Klein Enterprises, and the buyer was Sym Investments. The asset, built in 2021, traded for $80 million. JLL arranged a $56 million Freddie Mac acquisition loan for Sym. SilverLake comprises two five-story buildings with a mix of studios, one- and two-bedroom units and 17,024 square feet of commercial space that is 100 percent leased. Seventy-one percent of the retail space is occupied by …

January 14, 2026

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