The conventional wisdom among multifamily owners and operators is that occupancy and net operating income (NOI) are essential measures of an asset’s health. Knowing how many units are occupied and how much revenue those units generate has been the way to gauge financial and operational performance. But multifamily experts told ApartmentBuildings.com that these metrics, while...
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Northmarq arranged a $25.5 million acquisition loan for Chambers Reserve, a 125-unit rental townhome community in Lacey, WA. According to Robert Spiro, who co-led Northmarq’s Debt + Equity team in the transaction, 100% occupancy and a differentiated housing product helped attract interest from multiple financing sources, including agency lenders and life insurance companies. “It is...
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The U.S. multifamily market entered the fourth quarter of 2026 with declining vacancy, improving rent growth and fewer new apartments entering the market. The result is a sector moving closer to balance, according to Q3 reports from Cushman & Wakefield, MMG Real Estate Advisors, RealPage and Yardi Matrix. However, as real estate is local, conditions...
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Bobo Development Group and its limited partner Revitate obtained $53 million in senior refinancing for the two-year-old Arcadia Huntsville at 4810 Bradford Dr. NW in Alabama. JLL Senior Managing Director Gregg Shapiro told ApartmentBuildings.com. that a debt fund provided the loan, which will replace the original construction loan. “The property was capitalized with Opportunity Zone...
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Photo: Sunsweet Apartments, Courtesy of Northmarq Multifamily transactions continued to move across a range of markets, from a $45 million sale in Morgan Hill, California, to construction financing for a 24-unit condominium project in Arcadia. The latest deals also include apartment sales in Nebraska and South Carolina, refinancings in Colorado and North Carolina, and financing...
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A Southern California family office made its first Modesto multifamily acquisition by purchasing the 100-unit Marc at 1600 for $26.6 million through a 1031 exchange. The buyer was one of more than 10 bidders for the property, which was marketed by The Mogharebi Group (TMG) of Costa Mesa, CA, on behalf of seller Tesseract...
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Above photo: 100 Wall Street, VTS Marketplace Office-to-residential conversions might bring to mind occupier relocations, gutted interiors and retrofitted systems. Then, there are the partial office-to-residential conversions, in which some space is allocated to office occupiers, while upper floors are converted into for-rent units. “We are seeing partial conversions become an increasingly relevant option for...
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In an environment where multifamily developers scramble to make projects work economically, Bonaventure took a different approach with Attain at Swift Creek in Chester, VA, a southern suburb of Richmond. It waited. The 58-acre site was under contract for four years while the developer worked through entitlements, changing construction costs and interest rates, and a...
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Central CA Commercial | California
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