News

Lehi, Utah Rental Community Trades for $130M

Phoenix & Southwest + Apartment Buildings

Mountain States Properties sold Seasons of Traverse, a 440-unit apartment community in Lehi, Utah, for $130 million. The sale marks the largest widely marketed multifamily transaction on record in Utah County. Cushman & Wakefield’s Kip Paul, Kevin Donner, Michael King, JT Redd, James Hunsinger, and Katie Goldberg represented seller Mountain States Properties in the transaction....

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ORIX Acquires Buckhead Apartments for $83M

Atlanta & Southeast + Apartment Buildings

ORIX Corporation inked an $83 million loan from New York Life to finance the acquisition of AMLI Lenox, a 391-unit luxury multifamily community in Atlanta’s Buckhead neighborhood. It’s located at 3478 Lakeside Dr. NE. AMLI Residential was the seller. The development will be renamed Akari Buckhead. The financing was arranged by CBRE’s Debt & Structured Finance...

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$51M Westmount Apartment Deal Ends 60 Years Of Family Ownership

Canada + Apartment Buildings

Two Westmount apartment buildings have changed hands for $51M after 60 years under the same family ownership, adding to a Montreal investor’s growing rental portfolio. Federal Real Estate, led by Domenic Pappadia, acquired 220 and 225 Olivier Ave., Avison Young announced Thursday. The six-storey concrete buildings were developed in 1966 and had never previously been...

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Lennar Breaks Ground at 1,226-Acre Fort Monmouth Redevelopment

New York & Tri-State + Apartment Buildings

Lennar has broken ground on The Premiere at Monmouth, a new community of single-family homes and townhomes within the 1,226-acre Fort Monmouth redevelopment in Eatontown, NJ. Rising on a site that sat vacant for more than two decades, The Premiere at Monmouth will feature 32 single-family homes and 188 townhomes. Sales are anticipated to begin...

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Alta Housing Breaks Ground on Fourth Mountain View Affordable

California & West + Apartment Buildings

Alta Housing recently broke ground for La Bella, a new 108‑unit affordable housing community in MountainView’s Terra Bella neighborhood. Located at 1020 Terra Bella Ave., the 1.04-acre site sits in a former industrial area that is transitioning to high‑density residential housing. La Bella will be Alta Housing’s fourth affordable housing community in Mountain View. The...

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Shrinking Construction Pipelines Could Extend CRE Rent-Growth Runway

Apartment Buildings

When determining commercial real estate strategies, many investors focus on demand. However, Marcus & Millichap’s October 2026 Construction Outlook research brief said that demand tells only half the story. Long-term supply trends also affect vacancy and rent growth, so supply outlooks should play a prominent role in CRE planning. Construction tends to lag market conditions,...

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Senior Housing Occupancy Hits 90.4% as Supply Gap Widens

Senior housing has moved from a healthcare real estate niche to a sector that warrants close watch, according to a recent Northmarq guide for potential investors. Understanding the Numbers The National Investment Center for Seniors Housing & Care (NIC) said that occupancy across 31 primary markets in Q3 2026 reached 90.4%, marking the 21st consecutive...

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Manitoba Cuts Landlords’ Capital Cost Recovery By 40%

Canada + Apartment Buildings

Manitoba is tightening the rules on how apartment owners recover renovation costs through rent increases, potentially making upgrades to older rental buildings less attractive. The province says it will reduce, by 40%, the capital expenses landlords can pass on to tenants through above-guideline rent increases. Those applications allow owners to seek higher rents for qualifying...

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