News

Manulife, TruAmerica Multifamily Launch $1B Affordable Housing Venture

Apartment Buildings

Manulife Investment Management (Manulife IM) and TruAmerica Multifamily have formed a $1-billion affordable housing joint venture. The new platform is named Anchor Point Residential and represents a significant expansion of both firms’ affordable housing platforms. It is anchored by the acquisition of general partner interests in a geographically diverse portfolio of high-quality, income-restricted assets backed by Low-Income...

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OTH Acquires River Walk Apartment Complex

Texas + Apartment Buildings

OTH Capital purchased the River House Apartments in downtown San Antonio. The firm picked up the 261-unit property, which sits along the River Walk at 122 Roy Smith St. The San Antonio Business Journal reports the buyer took out a $41.65 million loan from private credit company Prime Finance as part of the transaction. Hixon Properties...

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Carney Launches New Tariff-Protection Programs Worth Billions

Canada + Apartment Buildings

Prime Minister Mark Carney has unveiled a sweeping package of measures aimed at protecting Canadian workers and businesses from the growing impact of U.S. tariffs and global trade disruptions. The new strategy includes a $5-billion Strategic Response Fund to help firms in affected sectors adapt, diversify, and expand, supported by newly created Workforce Alliances to...

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Choice Raleigh Infill Property Hits the Market

Atlanta & Southeast + Apartment Buildings

Taft Family Ventures bought a nearly vacant downtown Raleigh grouping of properties, with the notion they’d build a mixed-use project with a 12-story limit. The family has now passed, and has put the property back on the market. Berkadia’s Mark Robertson is heading up the sales effort for the piece. Three parcels at the corner...

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Vacant Dunwoody Office Complex Set for Residential Uses

Atlanta & Southeast + Apartment Buildings

A former State Farm office campus will soon be transformed. Workspace Property Trust will convert offices at 64 and 66 Perimeter Center East in Dunwoody to residential units. The Atlanta Business Chronicle reports the plan will include for-sale residential condominiums at 64 Perimeter Center East and rental units for individuals who are at least 55...

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PPG Lands $205M Construction Loan for Miami Redevelopment Project

Florida & Gulf Coast + Apartment Buildings

PPG Development is overseeing a redevelopment project where the former Nova Southeastern University dental school operated, with the help of a $205 million construction loan. The South Florida Business Journal reports that BDT & MSD Partners, in partnership with multiple insurance companies as co-lenders, provided the mortgage to PPG. Dubbed Palm Aire, the project was...

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PCI Proposes Twin Apartment Towers in Marine Gateway Phase 2

Canada + Apartment Buildings

PCI Developments has submitted a development application for Marine Gateway 2, a major expansion of its existing transit-oriented mixed-use hub at Vancouver’s Marine Drive Station. The proposal calls for two 43-storey rental-apartment towers, along with a 10-storey mid-rise and a seven-storey mid-rise. Together, the residential component would deliver 1,000 rental units, including 800 market units...

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Gantry’s Jeff Wilcox Sees Banks Return to CRE Lending 

California & West + Apartment Buildings

At Connect Apartments 2025 coming up on Thursday in Los Angeles, you’ll hear from capital markets experts in the “Multifamily Finance in Focus: Debt, Equity, and the Road Ahead” panel discussion. In advance of that in-person presentation, Connect CRE asked Gantry principal and “Multifamily Finance in Focus” panelist Jeff Wilcox what he’s seeing.  Q: Depending on the property type, obtaining capital can be a challenge in...

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