News

Elite Identified as Purchaser of Two Edmonton Apartment Buildings

Canada + Apartment Buildings

Elite Real Estate Group has stated publicly that it is the purchaser of two Edmonton apartment buildings from Boardwalk REIT. Earlier this month, Boardwalk announced that it had finalized the sale of the Tower Hill and the Pallisades assets for $37 million but did not identify the buyer. Built in 1964, the buildings have a...

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DFW Multifamily Sector “Dynamic” for Investors

Texas + Apartment Buildings

Marcus & Millichap published its Dallas-Fort Worth Multifamily Investment Forecast Report for 2026.   “Dallas-Fort Worth’s multifamily sector remains one of the most dynamic in the nation, with strategic submarket shifts and moderating vacancy supporting continued investor interest,” stated Mark McCoy, managing director and DFW market leader.   Key findings include:  Mid-tier assets in suburban pockets like Denton, Arlington-Mansfield, and...

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Kane Tearing Down Raleigh Offices, Apartments to Build Mixed-Use Project

Atlanta & Southeast + Apartment Buildings

FCP sold of an office and apartment property in Raleigh for $72.3 million. Kane Realty acquired both The Pointe at Midtown, a 365-unit multifamily community and the 115,413-square-foot Grove Towers (photo) office asset in Raleigh, N.C. The Triangle Business Journal reports FCP paid $37.1 million for it five years ago. Kane plans to raze both...

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2026 Multifamily Capital Markets Map: Where Liquidity Is—and Isn’t—Flowing

California & West + Apartment Buildings

By Andrew Kwok The multifamily capital markets entering 2026 appear abundantly supplied. Origination volume is projected to rise significantly year-over-year, with the Mortgage Bankers Association forecasting approximately $419 billion in new multifamily loans for 2026. This comes on the heels of expanded agency lending capacity, a profusion of dry powder within private credit platforms, a banner year in the CMBS market, and increased life insurance company allocations to high-quality CRE debt.    Despite this backdrop, sponsors consistently report that accessing the capital markets remains challenging. The reason: credit market liquidity and capital accessibility are no longer consistently aligned.  ...

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Peakhill Capital Launches Multi-Family REIT

Canada + Apartment Buildings

Peakhill Capital has introduced a new multi-family REIT trust aimed at building a portfolio of rental-apartment properties in the Greater Toronto Area and nearby markets. Operating as Peakhill Opportunity REIT, or P-REIT, the vehicle is structured to assemble a diversified multi-family portfolio supported by an adaptable investment strategy and Peakhill Capital’s experience across different market...

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Montreal Scrapping Mandatory Social Housing Components for New Projects

Canada + Apartment Buildings

Montreal Mayor Soraya Martinez Ferrada is cancelling a controversial bylaw that required developers to include a social-housing component with new multi-family development projects. The bylaw required developers to classify 20% of a project’s rental units as social housing with 20% of those priced as affordable housing or pay fines. The bylaw required developers to pay...

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Starlight Tops Out Another Manchester Apartment Tower

Canada + Apartment Buildings

Starlight Investments has topped out Spectra, a 34-storey build-to-rent apartment tower in Salford, England, marking the completion of the building’s highest structural point and the start of the final construction phase. The milestone was celebrated with a topping-out ceremony attended by project partners and team members as work continues toward delivering 393 rental homes at...

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Nantucket Affordable Complex Garners $32M Financing

Boston & New England + Apartment Buildings

Rockland Trust has partnered with HallKeen Management and Norton Point Development to provide $32 million in financing to develop Ticcoma Green apartments in Nantucket. Located on nearly six acres of land at 6 Fairground Rd., Ticcoma Green will offer 64 affordable and workforce housing apartments once the project is complete. “At Rockland Trust, we’re proud...

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