News
Benedict Canyon Equities Closes on Refi for 334-Unit Phoenix Rental Community
KeyBank Real Estate Capital secured a $53 million non-recourse, first mortgage loan for Benedict Canyon Equities to refinance existing debt on Morada Rise, a 344-unit, garden style apartment complex located in Phoenix. Built in 2002, the property consists of 45, two-story residential buildings situated on a 16.37-acre site. Newly renovated apartments include oversized living areas,...
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GMH, AEW Acquire Properties Serving Clemson and LSU
GMH Communities and AEW Capital Management have acquired two student housing communities: Dockside at Clemson University in Clemson, SC and Flatiron at Louisiana State University in Baton Rouge, LA. Terms were not disclosed. Both properties are located near their respective campuses. With the addition of the Clemson and LSU communities, the AEW-GMH partnership will now own and...
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Landmark, Manulife Team on Housing Near U. of Michigan Campus
Landmark Properties has partnered with Manulife Investment Management to construct The Metropolitan on South U, a 259-unit student housing community at 1208 S. University Ave. in Ann Arbor, MI. This project represents the sixth project in a build-to-core joint venture executed with the Manulife Infrastructure Fund pool. Construction will begin imminently. Landmark Construction, the in-house...
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Mesirow Adds 450-Unit Plano Rental Property to DFW Portfolio
Mesirow Financial acquired Riachi at One21, a 450-unit multifamily property in Plano. Banner Real Estate Group sold the asset. Mesirow took out a $77 million Fannie Mae loan originated by Walker & Dunlop. Commercial Edge reports the property previously traded in September 2011, when Banner acquired it from UDR. Mesirow recently sold 555 Ross Apartments,...
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Middleburg Inks Refi for N. Charleston Rental Property
Newmark arranged a $39.1 million loan on behalf of Middleburg, a developer and operator of rental housing across the Southern U.S., to refinance Vesta Creeks Run, a workforce and affordable housing community located at 460 Forest Hills Drive in North Charleston, South Carolina. Newmark Multifamily Capital Markets Adam Randall, John Westby-Gibson and Ned Engelbride represented...
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Tampa-Area Apartments Trade for $62.7M
StoneBridge Investments has purchased Luxe at 1820, a 300-unit apartment complex in Brandon, Florida. Brandon is a suburb of Tampa. Electra America sold the asset for $62.7 million. Commercial Edge reports Walker & Dunlop issued a $54.6 million acquisition loan scheduled to mature in January 2031. The new owner plans to modernize units and refresh amenities....
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Totem’s Mixed-Use Plan for East New York Receives City Council Approval
The New York City Council has approved the Uniform Land Use Review Procedure for Totem’s Herkimer-Williams proposal. The mixed-use hub in Brooklyn’s East New York neighborhood will add up to 1,000 rental units, along with up to 114,000 square feet of retail, 400,000 square feet of commercial and 110,000 square feet of industrial space. Vivian Liao, co-founder...
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TruAmerica Expands Greater Boston Footprint with Stoughton Acquisition
TruAmerica Multifamily has expanded its Greater Boston footprint with the acquisition of The Sto, a 179-unit apartment community located in Stoughton, MA, for an undisclosed sum. With this deal, TruAmerica has completed $2.5 billion of combined transaction volume in 2025. This latest acquisition underscores the firm’s commitment to delivering attainable, high-quality rental housing in supply-constrained Northeastern markets. With...
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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