Investor Duo Developing 452-Unit Sunrise Apartment Community

Investor Duo Developing 452-Unit Sunrise Apartment Community
News| January 9, 2026| Mike Boyd
Atlanta & Southeast + Apartment Buildings

Rockpoint and The Morgan Group formed of a joint venture to develop Caroline at Sunrise, a garden-style apartment community in Sunrise, Florida. Current land owner Humbold Real Estate Ventures will also participate in the joint venture. The S. Florida Business Journal reports Rockpoint Group acquired the site in Sunrise for $26.21 million and obtained a $111 million construction loan.

The development will feature a total of 452 units, including 412 apartments and 40 townhomes. Construction is scheduled to begin in early 2026, with first units expected to deliver in late 2027. The property will showcase amenities that include a two-story clubhouse with a fitness center and yoga studio, a pool, co-working space, pet spa, outdoor lounge, and dog park. 

Rockpoint has closed on or committed to 140 residential investments since 1995, comprising more than 97,000 multifamily units.

Other News

Queens’ Tallest Tower Reaches 90% Leased, Adds First Retail Tenants

New York & Tri-State + Apartment Buildings

BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...

Learn more

80-Unit Seniors Housing Development Opens in Suburban Chicago

Chicago & Midwest

Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened.  Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...

Learn more

312-Unit Multifamily in Indiana Changes Hands

Chicago & Midwest + Apartment Buildings

Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up