News
MBA: Multifamily Mortgage Volume Rose 32% in 2025
In 2025, 2,530 different multifamily lenders originated a total of $381.8 billion in new mortgages for multifamily properties with five or more units, according to the Mortgage Bankers Association’s (MBA) annual report of the multifamily lending market. The total represents a 32% increase over 2024 levels. “Multifamily lending gained significant momentum in 2025, with dollar...
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2026 Multifamily Leadership Series: Larry Taylor, Christina Development
Connect CRE is focusing on multifamily in the fourth year of its annual Leadership Series. We invited 18 apartment heavyweights to provide their unfiltered views of the current market, its challenges and opportunities. The insights of these power players have been collected in a downloadable report, and we’re also presenting them individually, in alphabetical order. Here...
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Charlotte Apartments Trade for $76.3M
Tishman Speyer made its first foray into the Charlotte market, purchasing Berkshire Dilworth, a 296-unit luxury multifamily property between West Midtown and the historic Dilworth neighborhood. Berkshire Residential was the seller of the asset, which traded for $76.3 million, or just over $250,000 a unit. Berkshire Dilworth, located at 1351 E. Morehead St., is 97...
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NRP Advancing 312-Unit Port St. Lucie Apartment Venture
The NRP Group broke ground on its newest luxury apartment community, a 312-unit development within the 10,000-acre Tradition master-planned community at 13661 SW Village Parkway in Port St. Lucie. M&T Bank provided construction financing. Group 4 Architecture designed the project. This marks The NRP Group’s second development closing in Florida this year. Situated on approximately...
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Pennrose Cuts Ribbon on Mixed-Income Rentals in Lenox
Pennrose held the grand opening of Forge, a new mixed-income rental community for individuals and families in Lenox, MA. The community features 65 apartment units across 13 townhome-style buildings, along with a modern clubhouse and shared amenity spaces. “With few affordable housing options in the area, Forge will provide a high-quality, connected living experience for working...
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Sack Capital, Align Finance Close Financing for Two Step Up Housing Acquisitions
Sack Capital Partners, a San Francisco-based real estate investment and management firm, and Align Finance Partners have closed structured financing for Step Up Housing’s acquisition of two California multifamily communities: Copper Creek, a 268-unit community in Sacramento; and Terramonte at Foothill, a 138-unit community in Pomona. The combined transactions total 406 units at $91.35 million. Sack will provide asset and...
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CEDARst Closes on Construction Loan for Sixth San Diego Multifamily
CEDARst Companies has closed on construction financing and launched construction on a 197-unit multifamily development, The Samuel, located at the corner of Adams Avenue and Idaho Street in San Diego’s North Park neighborhood. CrossHarbor Capital Partners provided an $80,000,000 construction loan for the project. JLL Capital Markets, led by Zach Kersten, arranged the financing. KPRS Construction...
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Winthrop Center Residences Secure New England’s Largest C-PACE Financing
MassDevelopment, Nuveen Green Capital and Millennium Partners announced $281 million in private financing for the Millennium Residences at Winthrop Center at 115 Federal St. in downtown Boston under the state’s Property Assessed Clean Energy (PACE) Massachusetts program. The project is believed to represent the largest commercial PACE financing to date in New England. Developed and owned by Millennium Partners, Winthrop Center...
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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