News

Eastham Capital, Bender Cos. Acquire Chicago Suburb MF for $30M

Chicago & Midwest + Apartment Buildings

Eastham Capital announced the acquisition of Park Towers Apartment Homes, a 270-unit community in Richton Park, Illinois, within Chicago’s Cook County submarket. South Florida-based Eastham Capital acquired the community for $30.4 million through its fund, Eastham Capital Fund VII, LP, with its operating partner, Bender Companies. It’s the second recent acquisition for the partnership which...

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CRE Trends Amid Demographic Shifts and Geopolitical Tensions

Apartment Buildings

Cushman & Wakefield’s recently released “Market Matters” report focused on demographic shifts, CRE capital markets and Middle East tensions. Energy Volatility Crude prices have been volatile, though they have stabilized at around $100 per barrel. Cushman & Wakefield’s baseline is that “the Hormuz disruption proves temporary, with oil averaging around $90 per barrel in the...

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Pumps and Property: Global Oil Tensions Could Cloud Housing

Apartment Buildings

Continued tensions with Iran have generated sticker shock at gas pumps, raised inflation concerns and added to the uncertainty in already volatile markets. According to a Marcus & Millichap brief, instability and confusion are also impacting U.S. housing, at least in the short term. For one thing, mortgage rates are increasing. The Wall Street Journal...

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Bélanger’s Female Leaders Now Outnumber Males

Canada + Apartment Buildings

Women now make up 51% of the workforce at Société immobilière Bélanger (SIB), surpassing North American industry norms. The Quebec City-based rental-housing provider reported that its female representation significantly exceeds the 38% industry average identified in a 2025 benchmark study by CREW Network, positioning the company as a leader in gender parity across the commercial...

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MBK Rental Living Opens Doors to Santa Maria Project

California & West + Apartment Buildings

MBK Rental Living said leasing has begun at Las Brisas, a 340-unit luxury community in Santa Maria. The Santa Barbara County property is now open for move-ins.   “Las Brisas was designed with intention—bringing together the comforts of modern living with the natural beauty of the Santa Maria landscape,” said Ken McCarren, president of MBK Rental...

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Kentaurus Capital Acquires 48-Unit Twin Cities Apartment Property

Chicago & Midwest + Apartment Buildings

Colliers brokered the sale of Kestrel Village Apartments, a 48-unit community located at 16650 Brunswick Ave SE, Prior Lake, Minnesota. The sale was led by the Colliers team of Executive Vice Presidents Dan Linnell, Mox Gunderson, and Adam Haydon, as well as Associate Vice President Devon Dvorak and Associate Drew Jackson, who represented the seller,...

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Inland Completes Equity Raise for Multifamily DST

Chicago & Midwest + Apartment Buildings

Oak Brook, Illinois-based Inland Real Estate Investment Corporation announced the completion of more than $71.7 million in equity raised in the private investment offering of Inland Jersey City Multifamily DST, a Delaware statutory trust sponsored by Inland Private Capital Corporation. The offering has been fully subscribed by investors and is now closed. The DST owns...

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Bell Partners Acquires 177-Unit Redmond Apartments for $78M

Seattle & Northwest + Apartment Buildings

Bell Partners, a North Carolina-based multifamily investment and management firm, has acquired the former Milehouse apartment building in Redmond for $78 million. The 160-unit property, now rebranded as Bell River Trail, is located at 8300 160th Ave. NE. The seller is Denver-based UDR, which has owned the building since 2016 when it acquired it for...

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