News

Trilogy Reveals Construction Schedule for Austin BTR Community

Texas + Apartment Buildings

Trilogy Investment Company closed a construction loan and broke ground on REV3 at Walnut Creek, a 190-unit build-to-rent townhome community in Austin, Texas. Horizontal construction will begin this month, advancing the first phase of the project in the rapidly growing Northeast Austin submarket.  REV3 at Walnut Creek is located near Samsung’s semiconductor campus. Samsung’s expansion...

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Southwood Acquires 174-Unit Concord Rental Community

Atlanta & Southeast + Apartment Buildings

Gamma Real Estate offloaded Laurel View Apartments, a 174-unit multifamily community in Concord, North Carolina. Southwood Realty acquired the property for $41.4 million. Built in 2017 and situated on 11.3 acres, Laurel View offers renters one-, two- and three-bedroom floor plans with large patios or balconies. Community amenities include a fitness center, swimming pool with...

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Development Team Advancing Hotel, Apartments Plans Near Downtown Atlanta University

Atlanta & Southeast + Apartment Buildings

A five-member development is moving forward on an ambitious mixed-use project in Vine City. The Atlanta Business Chronicle reports the team plans to redevelop an 8-acre site that sits north of Clark Atlanta University’s football field with a mix of uses, including a new student center for Morris Brown College; a 100-room hotel; 200 mixed-income...

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Bay Harbor Developer Inks Loan to Build 150 Apartment Units

Florida & Gulf Coast + Apartment Buildings

Clara Homes obtained an $80 million construction loan to build a 150-unit apartment complex on Bay Harbor Island. The loan was provided by Madison Realty Capital. Walker & Dunlop arranged the construction financing of 10290 East Bay Harbor Drive.  The Walker & Dunlop Capital Markets Institutional Advisory team led by Adam Schwartz, Jonathan Schwartz, Aaron Appel, Keith Kurland, Sean...

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B.C. Government Launches $400M Fund for Private Development Projects

Canada + Apartment Buildings

The British Columbia government has introduced legislation to create a $400-million fund aimed at directly investing in high-impact private-sector projects. The money for the fund is allocated in the recently announced 2026 provincial budget, which requires legislative approval. If the proposed legislation is passed, the province will form the B.C. Strategic Investment Fund in the...

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Courtemanche Begins Presales at SkyBlü Phase 3 Condo Project in Mirabel

Canada + Apartment Buildings

Courtemanche Ray Junior has begun preselling Phase 3 of its SkyBlü Condos Urbains project in the Montreal suburb of Mirabel, Que. Located in the Cité Mirabel district, the third phase of the three-building project will comprise a new 15-storey residential tower built entirely of concrete. The project is now under construction. The latest phase of...

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Ariel Closes Sale of Eight-Building Prospect Park South Portfolio

New York & Tri-State + Apartment Buildings

Ariel Property Advisors closed the sale of a 411,892-square-foot, eight-building, 387-unit affordable housing portfolio situated in the Prospect Park South neighborhood of Brooklyn for $79.85 million, or $193 per square foot. The eight properties in the Prospect Park South Portfolio are located at 816, 682, 672 and 666 Ocean Ave., 280 E. 21st St., 95...

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MassHousing Provides Financing for Somerville Affordable Project

Boston & New England + Apartment Buildings

MassHousing and Just A Start recently closed on financing for 24 Webster Ave. in Union Square in Somerville, which will deliver 43 new, deeply affordable rental homes on the site of a vacant commercial space. MassHousing is providing $17.8 million in financing through the Agency’s Conduit Loan Program. TD Bank is additionally providing $22.8 million in construction financing. Just A...

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