59 stories on multifamily in commercial real estate.
Berkadia secured $35.2M in Freddie Mac-backed financing for Fenton Management's 394-unit Indian Lake Village Apartments in Lake Orion, Michigan.
Dutch investor Breevest acquired the 266-unit Avida Aventura apartment complex in Miami-Dade for $110M, or about $413K per unit, from Chicago developer Fifield.
Hudson Valley Property Group acquired Mosa Apartment Homes, a 387-unit affordable community in Elk Grove, CA, for $83.6M including assumed Freddie Mac debt.
Impact investors pulled over $20B from ESG funds last year, yet affordable multifamily projects using impact strategies are posting stronger returns than conventional peers.
Middleburg Communities has hired Aaron Douthit, a former JPI vice president, to lead multifamily development in North Texas and Tulsa, Oklahoma.
Eastham Capital has sold University Green Apartments, a 194-unit community in southeast Houston, following an ~8-year value-add hold with partner Mosaic Residential.
Mesa West Capital provided a $47M refinancing loan for Bishop Momo, a 274-unit apartment complex in South Austin's St. Elmo District, arranged by Newmark.
Mortgage rates hit a five-week high as the 30-year fixed rose to 6.46%, yet purchase applications climbed 4% week-over-week, signaling resilient homebuyer demand.
Property owners with supposedly fixed-rate mortgages are facing abrupt monthly payment hikes driven by soaring escrow shortages for taxes and insurance. The trend is sending shockwaves through commercial real estate underwriting and forcing a reassessment of "fixed" debt assumptions.
Daiwa House Group has acquired full ownership of the 309-unit Parkside Residences in Houston, buying out joint venture partner Trammell Crow with an $85.2M acquisition loan.
AvalonBay Communities reported $398.7M in Q1 2026 core FFO, beating analyst estimates, as its 98,694-unit portfolio benefited from favorable rent-vs-buy economics.
Faulkner Capital Partners acquired The Baxter, a luxury apartment community at 1818 N. Cherokee Ave. in Hollywood, in an off-market deal brokered by Colliers.