News
Pierce County to Receive Funding to Support Three Affordable Housing Projects
Pierce County will receive more than $2.7 million in state funding through the Connecting Housing to Infrastructure Program (CHIP) to support three affordable housing projects that will expand housing options for residents across the county. The Washington State Department of Commerce announced $54.5 million in CHIP grants across the state, supporting 70 projects in 22...
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Berkadia Arranges Sale of Apartments in Suburban Virginia
Berkadia has arranged the sale of Boulders Lakeview, a newly constructed, 212-unit, multifamily apartment community located in North Chesterfield, Virginia, within the Greater Richmond metro area. Senior Managing Director Drew White, Managing Director Carter Wood, Director Cole Carns and Senior Director Matt Straughan of Berkadia Richmond arranged the transaction on behalf of the seller, Dominion...
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Mesirow Acquires Residential High-Rise in Cambridge Crossing
(Updated with additional information) A CBRE team led by Simon Butler, Biria St. John, John McLaughlin and Brian Bowler closed the sale of Twenty20, a 355-unit high-rise apartment community located in the Cambridge Crossing mixed-use development in East Cambridge, MA. Although terms were not disclosed, the Boston Business Journal reported the sale price as $218...
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People and Companies News for Week Ending February 13, 2026
Michael Emory has resigned as executive chair of Allied Properties REIT, effective May 2. Allied’s independent board members decided not to renew Emory’s three-year employment contract and he agreed not to see re-election as a trustee. Emory is Allied’s founder and served as president and CEO until Cecilia Williams succeeded him in those roles as...
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Eastham, Mosaic Offload Two Texas City Rental Assets
A joint venture between Ascenda Capital and The Texas City Housing Authority acquired two adjacent multifamily communities in Texas City. Veranda and Stone Ridge Apartments will now be merged into one asset totaling 448 units. Eastham Capital and Mosaic Residential were the sellers. Commercial Edge reports Eastham and Mosaic acquired the then-split assets in 2018...
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Taft Debuts Charlotte Apartment, BTR Community
Taft Family Ventures opened Adler Montford Park + Drexel Townes, a 249-unit multifamily and build-to-rent townhome community at 1351 E. Woodlawn Road. The Charlotte Business Journal reports the $65 million development has studio, one-, two- and three-bedroom units as well as eight three-bedroom townhomes. Rental rates for studios start at $1,634 per month; one-bedrooms, $1,888...
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Florida Non-Profit to Deploy $260M for Affordable Housing
Florida Community Loan Fund (FCLF), a nonprofit Community Development Financial Institution (CDFI), announced it will deploy $260 million by 2028 to finance affordable housing and community facility projects that support low-income individuals and communities in Florida. FCLF will achieve this by generating $125 million in new lending for real estate-related developments that increase opportunities for low-income Florida residents and by closing $135 million...
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Virtus Acquires Moncton-Area Multi-Family Project for $10.2M
Virtus Capital Corporation has acquired a 50-unit residential property in Riverview, N.B., for $10.2 million in an off-market deal. The asset manager finalized the purchase of the three-storey walk-up apartment building at 7 Point Park Drive for about $10.2 million through Virtus Diversified REIT (VREIT) . The 1.7-acre multi-family property was recently appraised at approximately...
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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