News

Oldham Goodwin Eyeing $71M Fort Worth Affordable Housing Project

Texas + Apartment Buildings

A $71 million affordable housing complex is coming to the northeast corner of North Main Street and 29th Street near the Fort Worth Stockyards. Fort Worth Housing Solutions and Oldham Goodwin Development plan to build The Exchange Apartments on a 14-acre site at the Stockyards North mixed-use development. The Fort Worth Report states the 296-unit complex...

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PCCP Provides $51.8M Refi of Gilbert 236-Unit Multifamily Community

Phoenix & Southwest + Apartment Buildings

PCCP has provided a $51.8 million senior loan to a joint venture between Phoenix Capital Management and P.B. Bell for the refinance of Everly at Morrison Ranch, located at 4353 E. Elliot Road in Gilbert. Built in 2025, the 236-unit Class A garden-style multifamily community is 97% leased and is within Morrison Ranch, a master-planned...

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JLL Secures $617M Financing for Grubb Properties Apartment Tower in Lower Manhattan

New York & Tri-State + Apartment Buildings

JLL’s M&A and Corporate Advisory, Corporate Banking Advisory and Debt & Equity Advisory teams collectively secured $617 million in financing for Link Apartments REIT and Link Apartments Opportunity Zone REIT. Both are Grubb Properties-managed REITs, along with Link Apartments 8 Carlisle, a 64-story, Class A multifamily development in Manhattan’s Financial District. JLL represented the developer and REIT sponsor, Grubb Properties,...

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NRP Advancing 336-Unit Austin Affordable Housing Venture

Texas + Apartment Buildings

The NRP Group announced the financial closing and groundbreaking of Catalina, a 336-unit affordable housing community in Travis County near Austin, Texas. Developed in partnership with the Housing Authority of Travis County (HATC), the community will provide affordable housing for families and working professionals earning between 30% and 70% of the Area Median Income (AMI). ...

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U.S. Apartment Demand Outpaces New Supply for First Time Since 2022

Apartment Buildings

U.S. apartment demand outpaced new supply over the past year for the first time since early 2022, Cushman & Wakefield said in its second-quarter 2026 U.S. Multifamily MarketBeat. Vacancy fell below 9% for the first time since 2024 and construction activity continued to retreat in Q2. Net absorption totaled 124,600 units during Q2, the fifth-highest...

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KKR, AEW Seek Exits from Chinese Commercial Property Holdings

Apartment Buildings

KKR and AEW Capital Management seek to sell commercial property holdings in China as global investors continue to retreat from the country’s prolonged real estate downturn, Bloomberg News reported. KKR is marketing nine properties across China, including a high-end apartment complex in suburban Beijing and a hotel on Shanghai’s historic Bund, while AEW is looking to...

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Crescent Building 248-Unit Rental Property in N. Phoenix

Phoenix & Southwest + Apartment Buildings

Crescent Communities closed on a parcel of land for NOVEL Norterra, a new four-story multifamily community planned in northern Phoenix, Arizona. Situated on an 8.5-acre site just east of I-17 in the Norterra neighborhood, the development will include 248 for-rent residences near the TSMC Arizona semiconductor manufacturing complex, retail, and outdoor destinations. Construction is scheduled...

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Raleigh Developer to Start Work on 269-Unit Rental Community

Atlanta & Southeast + Apartment Buildings

Blue Heron Asset Management and design firm Cline will begin work soon on a 269-unit apartment project in Raleigh. The project, called Rosewood, will be at 611 West South Street. Blue Heron completed the $12.85 million land acquisition earlier this year. Spanning 399,000 square feet across two buildings and a central public plaza, Rosewood will comprise units...

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