Monday, June 2, 2025

News

Westwood Green

Montgomery Partners Enters Pacific Northwest Market with $9M Acquisition of Tigard Apartment Complex Westwood...

Montgomery Partners announced its entrance into the Pacific Northwest with the $9M acquisition of Westwood Green, an eight-building, two-story garden-style apartment complex in Tigard, Oregon. Located just 20 minutes from downtown Portland, between Beaverton and...
CBMS special servicing rates and loan losses

Multifamily CMBS special servicing rate rises in February

Trepp reported that special servicing rate for multifamily commercial mortgage-backed securities (CMBS) loans resumed its upward trend in February, rising 9 basis points. The overall CMBS special servicing rate on commercial property rose 45...
C1 Development

C1 Development Expands Leadership Team to Drive National Growth and Co-Development Strategy

C1 Development, a national multifamily and student housing development focused firm, is proud to announce the addition of three distinguished professionals to its team. C1 Development specializes in the development and co-development of institutional multifamily...
Seneca Village apartment complex.

Concentro Facilitates Orlo’s $3.4M Rooftop Solar Tax Credit on Sale of Affordable Housing Complex...

ORLO (Orlo), a leading multifamily and commercial property real estate developer announced the final close of a $3.4 million tax credit transfer purchase agreement for the rooftop solar installation at their Seneca Village apartment...
Landmark Stockbridge

Landmark Properties Partners with Stockbridge to Acquire Two Los Angeles Student Housing Communities

Landmark Properties, a fully-integrated real estate firm specializing in the development, construction, acquisition, investment management, and operation of high-quality residential communities, with Stockbridge, a real estate investment management firm, has acquired two student housing...

Multifamily starts forecast continues to rise

Revisions to Fannie Mae’s housing forecast in May call for more multifamily starts across the entire forecast horizon than in last month’s forecast. Fannie Mae is now predicting 371,000 starts in 2025 with 396,000...
Union Flats

The Roxborough Group and Camden Pacific Partners Close on $81.6M Acquisition of The Union...

Affiliates of The Roxborough Group LLC (“Roxborough”) and Camden Pacific Partners, LLC announce the acquisition of The Union Flats, a 243-unit, BART-adjacent apartment community in Union City, CA. The property features a mix of junior-one-bedroom, one-bedroom, two-bedroom...
Mike Bryant

Walker & Dunlop Strengthens Texas Platform with Multifamily Expert Mike Bryant

Walker & Dunlop, Inc. announced that it has expanded its presence in Texas with a regional CBRE veteran, Mike Bryant. “We are thrilled to welcome Mike to Walker & Dunlop. His deep market knowledge and...

NMHC and NAA applaud Congress and the administration on highlighting rental housing industry

NMHC and NAA applaud congressional leaders and the Administration for negotiating in good faith and securing an agreement that addresses a number of substantial issues facing the rental housing industry, especially housing affordability. Today’s spending...
Odessa Multifamily Portfolio

Altus Equity Group Inc. Acquires 1225-Unit Odessa Multifamily Portfolio in West Texas

Altus Equity Group Inc. is proud to announce the acquisition of the Odessa Multifamily Portfolio—a collection of six garden-style apartment communities totaling 1,225 units in the high-growth Midland-Odessa region of West Texas-acquired, in part,...
Tivoli Place

Lincoln Avenue Communities Hosts Grand Reopening Ceremony at Historic Tivoli Place in New Orleans

Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, hosted a grand reopening ceremony Thursday at Tivoli Place Apartments, marking the completion of an extensive $35 million rehabilitation of the historic...
Midwest

Morgan Properties Surpasses 100K Units with $501M Midwest Multifamily Acquisition

Morgan Properties, the nation’s largest private owner of multifamily communities, has acquired a portfolio of 3,054 units across 11 assets in eight Midwest states from Trilogy Real Estate Group. This acquisition, valued at $501...
S Street Village

DCHFA Partners with Manna and AHC to Bring 90 New Affordable Apartments to Shaw...

On April 11, 2025 the District of Columbia Housing Finance Agency (DCHFA) issued $36 million in tax exempt bonds, underwrote $29 million in federal and $5 million in DC Low Income Housing Tax Credit...
attainable housing

Wood Partners Breaks Ground on Three Attainable Housing Communities in Georgia, Tennessee and Florida

National multifamily developer Wood Partners expands its presence across the Southeast with the start of construction on new attainable housing projects in Palmetto, Florida, Nashville and Atlanta. "Wood Partners' recent expansion in the Southeast creates...
Havenpark Communities

Havenpark Communities to Invest $43.7M Across its Communities This Year with Upgrades and Improvements

Havenpark Communities, a leading operator and developer of manufactured home communities, announced today its pledge to invest $43.7 million in 2025 to further enhance and modernize its properties. Building on the $36.4 million investment...
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