News

EJF Capital Completes Construction of Suburban DC Apartments

Washington DC + Student Housing

EJF Capital LLC announced the completion of construction at The Bellevue, a 361-unit, multifamily development located in Hyattsville, Maryland. This is the fifth project delivered within EJF’s OpZone Fund II. Developed in partnership with The NRP Group, The Bellevue is situated in a dynamic residential corridor. The neighborhood benefits from ongoing economic development and expanded...

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Pacific Walk Townhomes in Lakewood Trade for $22M

Seattle & Northwest + Apartment Buildings

Pacific Walk Townhomes, a 142-unit property located at 8333 32nd Avenue S. in Lakewood, Washington has sold for $21.5 million. Dylan Simon, Jerrid Anderson, Elijah Piper, and JD Fuller of the Simon | Anderson Multifamily Team at Kidder Mathews served as the exclusive brokers representing the seller and sourcing the buyer. Built in 1946, Pacific...

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Walker & Dunlop Survey Charts Bullish Outlook for Affordable Housing

Apartment Buildings

Walker & Dunlop, Inc.’s third annual survey of affordable housing executives, conducted at the Affordable Housing Finance (AHF) Live conference, signaled a bullish outlook for continued growth in 2026. Ninety percent of respondents believe the appetite for investments in affordable housing will increase in the next year, compared to 70% who held this view a...

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Berkadia Arranges Sale, Financing of Norfolk Multifamily

Washington DC + Apartment Buildings

Berkadia has arranged the sale of Livano Norfolk, a new 295-unit multifamily community in Norfolk, Virginia. Senior Managing Director Drew White, Managing Director Carter Wood and Director Cole Carns of Berkadia Richmond represented the seller, LIV Development. Senior Managing Director Laura Cathlina and Associate Director Anna Burns of Berkadia Chicago arranged acquisition financing via Fannie...

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NexMetro Adding 23rd Phoenix BTR Community

Phoenix & Southwest + Apartment Buildings

NexMetro will officially open its 23rd Phoenix BTR community later this month. Avilla Western Garden will opens its doors at 4041 N. 97th Ave., about 15 miles northwest of downtown. This build-to-rent community consists of 195 homes. Multihousing News reports Trez Capital issued a $47.4 million construction loan in May 2024.  The property encompasses one-...

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NexPoint Reveals Future of Cityplace Tower

Texas + Apartment Buildings

The developer helming the $445 million overhaul of Cityplace Tower in Dallas into a mixed-use development says things are moving forward. NexPoint recently unveiled its latest plans for the makeover of Cityplace Tower. In addition to converting some of the existing tower’s office space into residences and hotel rooms, NexPoint also plans to add roughly 465...

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Inlivian, Urban Atlantic to Deliver $110M Charlotte Mixed-Income Rental Community

Atlanta & Southeast + Apartment Buildings

Trella Uptown, a 353-unit complex at Eighth and North Tryon streets, will start accepting tenants after the first of the year. The $110 million community is being developed by Inlivian and Urban Atlantic. It has one-, two- and three-bedroom units. Of the total units, 106 are designated as affordable and priced for individuals or families...

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Work Underway on $64.6M Affordable Sr. Housing Community in Pembroke Park

Florida & Gulf Coast

McDowell Housing Partners (MHP) and Miami Jewish Health held the official groundbreaking ceremony of Ekos Pembroke Park, a 150-unit affordable senior housing community in Pembroke Park, Florida.  Financing for the $64.68 million development was made possible by an issuance of tax-exempt bonds and subordinate HOME – ARP loan from the Housing Finance Authority of Broward County; a...

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