Multifamily Property News, Features, and Investment Insights

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Fortify Holdings Sells 178-Unit Spokane Apartment Property for $22.5 Million

A Portland multifamily developer, investor and apartment manager sold Go Go Heights, a 178-unit garden-style apartment community at 7024 N. Colton St. in Spokane, Wash., for $22.5 million. LC Gogo Heights LLC, an affiliate of Fortify Holdings, sold the property to c702 LLC, a Seattle-based private investor. The property was 85% occupied at closing, underscoring...

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The Evolution of Student Housing Investments: Q&A with Adam America’s David Brickman

Once the purview of mostly mom-and-pop owners, student housing has been treated as an institutionalized asset class since the late 2000s. And just like other real estate properties, this niche multifamily sector continues to evolve. ApartmentBuildings.com recently asked Adam America Real Estate CEO David Brickman, for his analyses and insights about student housing investments. Q....

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Adam America, Stellar Communities Obtain $35.1-Million Refi to Buy Time for Florida BTR Sale

Adam America Real Estate and Stellar Communities closed on $35.1 million in financing for the recently completed Havens at Hickory Tree Reserve in St. Cloud, FL. The 36-month bridge loan, provided by CoreVest American Finance Lender LLC, replaces the property’s original construction financing from BHI and gives the joint venture time to stabilize and sell...

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Canadian Tariffs Could Deepen Multifamily Supply Crunch, Developer Says

On July 20, President Donald Trump signed three proclamations under Section 338 of the Tariff Act of 1930. The trade proclamations are scheduled to take effect on Aug. 19, 2026, and will impose a 50% tariff on certain goods entering the United States, including cement and plywood. Matt Long is a partner at Porter Kyle,...

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Bonaventure Grows Attain Brand with Second Hampton Roads Project in a Month

Bonaventure continues expanding its flagship Attain multifamily brand, breaking ground on its second development in Hampton Roads in less than a month. The multifamily investment and development firm recently began construction on the 320-unit Attain at Newtown in Norfolk, VA. The $85.3 million community follows June’s groundbreaking of Attain at Greenbrier in Chesapeake, VA. The...

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Zoning Win, Strong Market Dynamics Drive $28M Financing for Friendswood Multifamily Development

Friendswood, TX’s restrictive zoning environment has limited multifamily development for decades. However, the Tannos Group obtained the necessary entitlements and permits, which led to the ground-breaking of the 111-unit, Class A Albritton Apartments and a $28 million, 24-month construction loan from S3 Capital. The Albritton is Friendswood’s first purpose-built rental build in more than two...

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Arlington Property Returns to Multifamily Roots After Decades as Hotel

A property in Arlington, Va., is returning to its origins after decades as an extended-stay hotel. Owner and private investor Goodhomes Communities LLC secured $34.6 million in financing from NewPoint Real Estate Capital LLC to acquire and convert the 187-key Clarion Collection Arlington Court Suites back into a multifamily property, with the process scheduled to...

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Investors Eye the Sunbelt for the Right Multifamily Deals

For the past two years, the multifamily market in the Sunbelt states has struggled with record unit deliveries, rising interest rates and softening rent growth. While those factors remain in play, many investors are starting to see opportunities amid supply overhang and sluggish rent growth. Rather than avoiding the region, investors and captial are looking...

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