News

HVPG Makes Its First Affordable Acquisition in Nassau County

New York & Tri-State + Apartment Buildings

Hudson Valley Property Group (HVPG) has acquired 100 Terrace Apartments, a 420-unit affordable housing property located at 100 Terrace Ave. and formerly known as Jackson Terrace Apartments, in Hempstead, NY. The acquisition, reportedly for $107 million, marks HVPG’s first property in Nassau County and expands the firm’s presence on Long Island, where it also operates...

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JLL Arranges Sale of 167-Unit Apartment Property in MN

Chicago & Midwest + Apartment Buildings

 JLL has arranged the sale of Helix Apartments, a 167-unit multifamily community in St. Louis Park, Minnesota. JLL represented the seller and secured the buyer, Jason Quilling of QT Holdings. JLL Capital Market’s Investment Sales and Advisory team representing the seller was led by Managing Director Josh Talberg, Director Joseph Peris and Analyst Jack Graveline...

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WinnCompanies Completes Holyoke Seniors Adaptive Reuse

Boston & New England

WinnCompanies has completed a $55.3-million adaptive reuse that transformed a long-vacant, historic mill complex into 88 affordable apartment homes for seniors ages 55 and older. The project in downtown Holyoke, MA created Residences on Appleton, featuring new loft-style apartments created within three interconnected, 111-year-old industrial buildings that were vacant for decades. The community reached full...

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Vancouver Home Sales Hit Two-Decade Low in 2025

Canada + Apartment Buildings

Vancouver-area home sales fell to their lowest annual level in more than 20 years in 2025, as higher inventory and economic headwinds weighed on demand, says the region’s real estate board. Residential property sales recorded on the MLS totalled 23,800 in 2025, down 10.4% from 26,561 sales in 2024 and 9.3%from 26,249 sales in 2023,...

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Canada’s Tight Apartment Market Conditions Loosened in 2025

Canada + Apartment Buildings

Canada’s multi-family market conditions eased in 2025 as vacancy rates for purpose-built rental apartments rose across major cities, driven by historically high rental construction and slower population and economic growth,. The national vacancy rate increased to 3.1% in 2025, up from 2.2% in 2024 and above the national 10-year average, according to Canada Mortgage and...

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Post Brothers Secures $562M for DC Office-to-Residential Conversion

Washington DC + Apartment Buildings

Post Brothers has secured a massive financing package for more than half a billion dollars for Universal North and South, the District’s largest planned office-to-residential conversion. The Philadelphia-based company secured $465.3 million in Property Assessed Clean Energy (PACE) financing toward the conversion of the Dupont Circle office buildings at 1825 and 1875 Connecticut Avenue NW,...

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TPG Takes Majority Stake in Lennar’s Multifamily Development Arm

Apartment Buildings

Lennar Corporation and TPG Real Estate said Tuesday that TPG has acquired a majority interest in Quarterra, the multifamily development arm of Lennar. Terms were not disclosed. Lennar has retained a minority stake in the platform. TPG has made an additional $1-billion strategic commitment in connection with the acquisition and expects to raise additional capital...

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Broadway Street Debuts 252-Unit Austin-Area Affordable Housing Community

Texas + Apartment Buildings

Broadway Street Development delivered The Preserve at Mustang Creek, an $88 million, 252-unit affordable housing community located in Red Rock, outside Austin. Commercial Search reports the community is geared towards renters earning 30 to 60 percent of the area median income. The Texas Department of Housing and Community Affairs provided partial funding for the project. Construction...

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