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Marcus & Millichap Brokers $14M Sale, Financing of Indiana Property

Chicago & Midwest + Apartment Buildings

Marcus & Millichap arranged the sale and financing of The Villas at Green Valley, an 84-unit multifamily property in New Albany, Indiana. The property sold for $14.1 million. Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap, arranged $9.2 million in acquisition financing. “The buyer completed a 1031 exchange, consolidating multiple California...

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CPPIB Net Assets Increase to $793.3B

Canada + Apartment Buildings

The Canada Pension Plan Investment Board’s total net assets climbed 11% to $793.3 billion at the end of its latest fiscal year, the pension-fund manager announced. CPPIB has seen its real-asset portfolio generate a 7.9% annualized net return over the past five years. During the latest fiscal year, CPPIB’s net assets increased by $78.9 billion...

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Berkadia Finalizes Sale of Garden-Style Elizabeth Apartments

New York & Tri-State + Apartment Buildings

Berkadia finalized the sale of Aberdeen Arms Apartments, a 52-unit, garden-style multifamily property in Elizabeth, NJ. Senior managing director Nat Gambuzza, senior director Trevor Fiebel and director Nick Balancia of Berkadia Morristown led the transaction on behalf of the seller, a Central New Jersey-based client who owned the property for more than two decades.  Aberdeen Arms Apartments sold for $8,775,000 to another New Jersey-based buyer at a per-unit price of $168,750. The property was 100% occupied at the time of the sale. Berkadia also arranged...

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The NHP Foundation Acquires 218-Unit Germantown MF Property

Washington DC + Apartment Buildings

Affordable housing developer NHP Foundation (NHPF), a national nonprofit dedicated to creating and preserving affordable housing, announced the closing of its acquisition of Hadley Germantown, a 218-unit apartment community in Germantown, Maryland. Originally built in 1990 and last renovated in 2011, Hadley Germantown provides naturally occurring affordable housing. NHPF is imposing covenants on the property...

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Sacramento Multifamily Sale Achieves Market’s Highest Price Per Unit in Four Years

California & West + Apartment Buildings

CBRE facilitated the $34.5-million sale and acquisition financing for 16 Powerhouse, a 73-unit multifamily community in Sacramento, to Oakmont Properties. According to CBRE, this was the highest price-per-unit sale in the Sacramento area in four years. Marc Ross, Joe McNamara and Clarie Holt of CBRE represented the seller, Demmon Partners. Andrew Behrens and Jesse Weber of CBRE Capital Markets’ Debt and...

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Greystar Breaks Ground on Its First Modular Massachusetts Project

Boston & New England + Apartment Buildings

Greystar has broken ground on the redevelopment of 437 Whittenton St. in Taunton, MA. The long-vacant Whittenton Mills site, which once held more than a dozen abandoned 19th-century buildings, was closed in December, with abatement and demolition beginning in January. Through modular construction, the site will be transformed into a 390-unit apartment community set to...

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Connect Selects First Canadian Transactions of the Year Award Winners

Canada + Apartment Buildings

Connect has handed out its first-ever Canadian Transactions of the Year Awards. The awards recognize transactions completed and agreements signed in 2025 — including sales, lease, financing, and development deals and projects — that made an impact on the Canadian commercial real estate market. Connect honoured qualitative, not necessarily quantitative transactions and the organizations and people...

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Scion and Ares Acquire $910M Student Housing Portfolio from Harrison Street

Student Housing

Harrison Street Asset Management (HSAM) has closed the $910-million sale of a 12-property U.S. student housing portfolio to affiliates of The Scion Group and an Ares Real Estate fund. It’s the largest student housing portfolio sale completed in 2026, according to HSAM. Assembled over a 10-year period by five HSAM funds, the 7,578-bed portfolio serves leading university...

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