CAPREIT, a fully integrated real estate operating company that owns and manages more than $6 billion of multifamily assets in the U.S., has acquired Broadway West, a senior living community in the central Long Island community of Brentwood, NY. Terms were not disclosed.
The community, which features 114 one- and two-bedroom homes, adds to a recent flurry of CAPREIT acquisitions to start 2026. The company recently acquired three multifamily communities in the Northeast and a single-family build-to-rent community in South Carolina.
“We have served as a third-party manager at Broadway West for several years, and the official acquisition of the community is a tremendous step,” said Andrew Kadish, CEO and CIO for CAPREIT. “CAPREIT has started 2026 with significant momentum, and the acquisition of Broadway West certainly adds to it.”
Built in 2003 and located at 75 Springfield Rd., Broadway West is the newest of the recent multifamily acquisitions and is a short walk from Brentwood Country Club.
An RK Investors-led team obtained an $81 million construction loan for Sutherland at Piper Glen, a 299-unit multifamily development underway in Charlotte’s Piper Glen neighborhood. The financing was provided by Western-Southern Life Insurance Company. The financing was arranged by Nate Sittema, Kristen Reilley and Elliott Voreis with CBRE’s Debt & Structured Finance team. Currently under...
Learn more
NAI Capital Commercial EVPs John S. Archibald and Guillermo Olaiz, alongside senior associate Stephen Lam of the Investment Services Group in the Pasadena office, represented the seller, Star Horizon, LLC, in the sale of ZK Plaza, a 41,586-square-foot office building in Pasadena. The property sold for $13,400,000, representing a 3.5% premium over asking. Located at...
Learn more
Berkadia announced the sale of Orchard Corners & Suites, a 139-unit, 264-bed, garden-style student housing property serving The University of Kansas in Lawrence, Kansas. Berkadia’s Student Housing and Kansas City investment sales teams collaborated to facilitate the transaction on behalf of the seller, Utah-based Redstone Residential. The Berkadia team included Senior Managing Directors Travis Prince...
Learn moreRe/Max Real Estate Professionals
Central CA Commercial | California
Recckio Real Estate & Development
Northgate Real Estate Group
California
California