News
Apartment Builders, Developers are Optimistic Long-Term Despite Rising Costs
Apartment builders and developers maintain a positive outlook on longer-term multifamily construction conditions despite expecting that costs will continue to increase. That’s the topline conclusion to be drawn from the National Multifamily Housing Council’s June 2026 NMHC Quarterly Survey of Apartment Construction & Development Activity Although respondents were cautious about the near term, with 77% expecting no change...
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Trinity Acquires 300-Unit Sandy Springs Apartment Complex
Trinity Property Consultants acquired the residential tower at 789 Hammond Drive in Sandy Springs for $53 million. Built in 1999 and previously known as The Eva, the tower comprises 300 residential units with one-, two-, and three-bedroom floor plans, along with a swimming pool, fitness center, and clubhouse. The development has been recently branded as...
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Hedrick Brothers Secures Loan for 366-Unit Kissimmee Rental Community
Hedrick Brothers Development secured a $56.5 million construction loan for The Hedrick at Lake Toho, a 366-unit luxury multifamily community planned along Toho Grande Boulevard in Kissimmee. Located on approximately 21.7 acres, The Hedrick at Lake Toho will feature a mix of one-, two- and three-bedroom residences. Initial leasing is expected at the end of...
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Connect Midwest Multifamily Trends 2026: View from the Top
The Midwest multifamily markets have been among the leaders in annual rent growth for the past few years, attracting investors and developers. At the recent Connect Midwest Multifamily Trends 2026 event in Chicago, hundreds of industry professionals gathered to hear insights into the opportunities and challenges facing the sector across the region. In a panel...
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Bonaventure Fully Subscribes Multifamily DST Offerings, Raises More Than $54M
Bonaventure announced the full subscription and closing of two DST offerings for Promenade Pointe, a 183-unit waterfront multifamily community in Norfolk, and Messenger Place, a 94-unit multifamily community in downtown Manassas. Together, the offerings raised more than $54 million in total equity from 86 investors. Promenade Pointe, a 183-unit waterfront community, was developed by Bonaventure...
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JPI to Start Work on $90M Austin Apartment Project
JPI has closed on a 9.32-acre site in Austin, Texas, where it will build Jefferson Pearson Ranch, a $90 million, 342-unit, Class A community in the Pearson Ranch mixed-use development. The Dallas-based company is scheduled to break ground in August, with completion slated for 2028. The project in the 156-acre, 2.6 million-square-foot Pearson Ranch mixed-use...
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A-Plus REIT Acquires Calgary’s Catalyst Apartments for $29M
Apartment Plus (A+) REIT has purchased the Catalyst Apartments in northwest Calgary for $29 million. The acquisition is the first in Calgary for the Winnipeg-based REIT, which completed the deal through parent firm Private Pension Partners. The acquisition the REIT 100% ownership of the property at 1450 20th Ave. N.W. and marks the beginning of...
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Fairfield Completes 14-Story Houston Multifamily Tower
Fairfield Residential delivered 1010 Waugh, a 14-story, 340-unit luxury multifamily community in Houston’s Montrose neighborhood. The company will also manage the property at 1010 Waugh Drive. The concrete- and steel-built high-rise replaced a single-story commercial building. Multihousing News reports Fairfield secured a four-year, $77.4 million construction loan from Texas Capital Bank in January 2023. The...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout