News

Drever Partners Launches Pre-Leasing at Missouri Hotel-to-Residential Conversion Property

Chicago & Midwest + Apartment Buildings

Drever Partners announced the start of pre-leasing for Live Oak Apartments, a new apartment community offering a mix of studio and one-bedroom homes in the heart of Branson’s Theater District. Located at 3011 W. 76 Country Blvd., Live Oak Apartments transformed a former hotel into a residential community that expands Branson’s housing inventory while helping...

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CBRE Arranges Sale of $112M Lynnwood Apartment Complex

Seattle & Northwest + Apartment Buildings

CBRE represented Weidner Apartment Homes in the sale of A’Cappella Apartment Homes, a 387-unit multifamily community in Lynnwood, Washington, for $112 million. Kyle Yamamoto, Eli Hanacek and Natalie Kasper of CBRE’s Pacific Northwest Multifamily team represented the seller. Built in 1989, A’Cappella is located at 15001 35th Ave. W was recently renovated, with updated interior...

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ColRich Pays $52.4M for Mesa Rental Community

Phoenix & Southwest + Apartment Buildings

ColRich acquired Avia 266, a 267-unit multifamily community in Mesa, AZ, for $52.4 million, including the assumption of an existing HUD loan. The buyer intends to rename the property The Remy. The sales price comes out to just under $200,000 a unit. Geringer Capital was the seller. Geringer paid $45.25 million for the property in...

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TCU Proceeding with 2,500-Bed Campus Housing Development

Texas + Student Housing

Texas Christian University, American Campus Communities(ACC), and The Beck Group, marked a key topping out milestone for an on-campus residential development. The new residential community will deliver more than 2,500 beds across a mix of modern first-year residence halls and townhome-style housing for sophomores. The community is expected to open in fall 2027. It’s designed in...

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Camden Property Trust Completes Largest U.S Multifamily Sale Since 2024

California & West + Apartment Buildings

JLL Capital Markets said Wednesday it had arranged the $1.625-billion sale and financed a significant portion of the portfolio of an 11-property, 3,620-unit multifamily portfolio spanning Southern California’s most supply-constrained submarkets. The transaction by Camden Property Trust represents the largest U.S. apartment sale since 2024, according to JLL. The buyer was a BlackRock-managed vehicle. The portfolio...

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Concord Arranges $50M Construction Loan for FW Apartments

Texas + Apartment Buildings

Summa Terra Ventures and M13 Construction obtained a $50 million construction loan for Vic Centre Apartments, a 268-unit Class A multifamily community in Fort Worth. Concord Summit Managing Director David Larson and Director Keegan Burger arranged the financing on behalf of the project sponsor. The financing was structured as an 80% loan-to-cost capital stack, combining...

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Brook Farm Inks $73M Refi on Covington Apartments

Atlanta & Southeast + Apartment Buildings

Brook Farm Group refinanced The Sinclair at Callaway Farm, a 388-unit, Class A multifamily community in Covington, Georgia. The $73 million refinancing from Prime Finance replaces the initial construction loan and preferred equity investment from the project’s inception in 2023.  The refinancing was facilitated by Shawn Rosenthal, Jason Gaccione, and Jake Salkovitz of CBRE’s Debt &...

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JV Completes Brickell Assemblage, 60-Story Tower on Way

Florida & Gulf Coast + Apartment Buildings

A joint venture between Prosper Group and Belgium’s Versluys Group closed on a three-parcel assemblage for $50 million. Vaster provided a $30.5 million acquisition loan. The off-market site was acquired from Two Roads Development and Newgard Development Group. The assemblage is located at 66 SW 6th Street, 625 SW 1st Avenue, and another lot without an assigned address....

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