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PGIM Real Estate Provides Financing for Seattle MF

Seattle & Northwest + Apartment Buildings

PGIM Real Estate has provided a total of $107.2 million in fixed-rate financing to AEW Capital Management for two multifamily properties, including one in Seattle, Washington. Bowman Stone Way Apartments is a 278-unit community located in Seattle’s Fremont neighborhood, originally built in 2015. The $62 million loan will be used to refinance the existing PGIM...

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Hack Secured Planning Approvals for Northcrest’s YZD Project

Canada + Apartment Buildings

(Arleigh Hack is among the 2025 Canadian Next Generation Award recipients, as selected by Connect CRE Canada. This profile explains how she stands out among her peers. Read about all of the award winners.) By Amy Wolff Sorter Arleigh Hack manages Northcrest’s consulting team with a rare balance of strategic rigor and approachability. As the company’s manager of...

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Northmarq Arranges $15M Sale of Tukwila Apartments

Seattle & Northwest + Apartment Buildings

Northmarq has completed the $15.2 million sale of Hampton Heights, a 114-unit multifamily housing community located at 5711 S 152nd St in Tukwila, Washington. Northmarq’s Seattle Multifamily Investment Sales team, led by Tyler Smith, Steve Fischer, and Joe Kinkopf, brokered the deal. “The buyer recognized this as a rare opportunity to acquire a scaled asset...

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Schwartz Helped Slate Complete $2B Commercial Mortgage Business Acquisition

Canada + Apartment Buildings

(Brandon Schwartz is among the 2025 Canadian Next Generation Award recipients, as selected by Connect CRE Canada. This profile explains how he stands out among his peers. Read about all of the award winners.) By Amy Wolff Sorter Brandon Schwartz is a senior vice-president with Slate Asset Management. He assists the company with corporate development, strategic initiatives, and...

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Partnership Secures Refi for Class A San Diego Apartments

California & West + Apartment Buildings

CBRE has secured a $98-million loan to refinance Radian, a 241-unit Class A multifamily property at 675 Ninth Ave in San Diego. Mark McGovern, Scott Peterson and Morgon Fraser with CBRE Capital Markets’ Debt & Structured Finance arranged the three-year, fixed-rate, permanent loan on behalf of the borrower, a partnership between Cisterra Development and Spruce Capital Group. Lender and loan terms...

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Newmark Arranges $143M Fannie Mae Loan on Southeast NH Multifamily

Boston & New England + Apartment Buildings

Newmark arranged a $143.1-million financing loan for The Fairways, an 849-unit Class B apartment complex located at 1 Forest Ridge Rd. in Derry, NH. Vice chairman Ed Belz arranged the funding on behalf of landlord Makor Capital. Fannie Mae provided the funding. “Newmark and Fannie Mae were able to deliver an extraordinary execution, allowing Makor to distribute a portion...

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RentCafe Taps McKinney as “Best Place to Rent”

Texas + Apartment Buildings

McKinney has claimed the #1 spot in the U.S. this year, outperforming 149 other cities with the kind of balance today’s renters are increasingly seeking: modern apartments, a strong local economy, and overall livability. That’s according to RentCafe.com’s Best Cities for Renters Report in 2025. The rankings are based on an in-depth analysis of 20 key metrics, from affordability...

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Oxford Secures Record $650M CMHC Apartment Construction Loan 

Canada + Apartment Buildings

Oxford Properties Group has secured a record $650-million Canada Mortgage and Housing Corporation loan for a massive purpose-built Toronto rental-housing development project that broke ground Tuesday. The loan is the largest in Toronto under CMHC’s Apartment Construction Loan Program and will cover the majority of the $750-million project’s cost. The project is located in the...

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