Multi-Housing News

For nearly five decades, Multi-Housing News has delivered detailed news and insights about the key events and individuals influencing the multi-housing sector. Our extensive coverage equips our audience with the knowledge essential for their daily operations and future planning. The readership consists of high-ranking professionals in the multi-housing industry, including CEOs, COOs, CFOs, presidents, chairmen, vice chairmen, principals, partners, owners, senior vice presidents, executive vice presidents, directors, general managers, and builders associated with multi-housing enterprises.

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Caliber Gets the Go-Ahead for Phoenix Conversion Project

1 day ago | multihousingnews.com | Jeffrey Steele

The Canyon Corporate Center office, now being redeveloped into the Canyon Village multifamily community. Image courtesy of Yardi MatrixThe Phoenix, Ariz., city council has unanimously approved the Canyon Village redevelopment project, which will involve the conversion of two distressed office buildings into a 376-unit multifamily rental community. The project, proposed by and to be carried out by the Caliber Cos., has also received the rezoning necessary to allow for the conversion.
Wood Partners JV Breaks Ground on Austin-Area Property

3 days ago | multihousingnews.com | Jeffrey Steele

The community is located in one of Metro Austin's major job hubs. A rendering of Alta Ed Schmidt, which is expected to finish construction in the third quarter of next year. Image courtesy of Wood PartnersWood Partners and joint venture partner ParkProperty Capital have begun construction on Alta Ed Schmidt, a 336-unit apartment community located at 2001 County Road 119 in the Austin, Texas suburb of Hutto.
LV Collective Gains $134M Refi for Georgia Student Housing

6 days ago | multihousingnews.com | Jeffrey Steele

The community was built amid high a period of high demand at University of Georgia. Rambler Athens, built in 2024.
Multifamily Buyer & Seller Sentiments Improved Decisively in Q1

1 week ago | multihousingnews.com | Richard Berger

The slower pace of interest rate cuts signaled lately by the Federal Reserve has not affected investor sentiments for value-add and core assets, according to CBRE’s latest quarterly Multifamily Underwriting Survey. Core multifamily asset underwriting assumptions improved in the year’s first quarter, while those of value-add assets declined slightly. Stable IRR targets for core assets in the first quarter were found for 16 of the 19 markets that CBRE tracks.
JV Plans 187-Unit Mixed-Use Property in Brooklyn

1 week ago | multihousingnews.com | Gail Kalinoski

Joint venture partners Ailanthus, BEB Capital and SK Development are bringing One Sunset, a 14-story, 193,000-square-foot mixed-use property with 187 units of mixed-income housing to the Sunset Park neighborhood in Brooklyn, N.Y. The development, located at 201 E. 25th St. is slated for completion in the fall. Previously known as 737 4th Ave., the project, located between 24th and 25th streets, topped out in September, according to New York Yimby.
A Peek Into Western Supply, the Oklahoma Community for Remote Workers

1 week ago | multihousingnews.com | Madalina Pojoga

Western Supply, the 320-unit community currently underway in Tulsa, Okla., checks quite a few boxes: It’s the largest new downtown residential project in recent history, the biggest investment in Arts District housing to date and, last but not least, one of the few “talent villages” catering to the city’s growing remote workforce.
Hudson River Mixed-Use Project Gets $237.5 Million in Financing

1 week ago | multihousingnews.com | Richard Berger

Edge-on-Hudson, a transit-oriented mixed-use community and the The Daymark, a luxury condo development received a $237.5 million refinancing loan. The communities, located in Sleepy Hollow, NY, are part of the larger Edge-on-Hudson mixed-use development. Hudson Bay Capital Provided the funding to developer Biddle Real Estate Ventures and investment partner King Street Capital Management.
BMR Sells Norfolk Apartments, Closes on Lending

1 week ago | multihousingnews.com | Jeffrey Steele

BMR Investments has sold Sherwood Forest, a 173-unit two-story apartment community located in Norfolk, Va. Greysteel brokered the sale, and arranged a $16 million conventional loan as part of the transaction. The sale attained a 5.25 percent Year 1 NOI sale cap rate, reflecting robust demand for multifamily properties in the Norfolk market.
Christopher Todd Capital Acquires Texas BTR Communities

1 week ago | multihousingnews.com | Dees C. Stribling

Christopher Todd Capital has purchased Avilla Parkway and Avilla Reserve, two build-to-rent communities totaling 335 houses in the greater Dallas-Fort-Worth. Their developer, NexMetro Communities, sold the properties. The buyer declined to disclose the price for either asset. The Arizona-based investor is rebranding both communities following the acquisition. The 108-unit Avilla Parkway, located at 3420 S. Dallas Pkwy. in the suburb of Celina will become Christopher Todd Neighborhoods Celina Park.
Waterton Buys Seattle Asset

1 week ago | multihousingnews.com | Claudiu Tiganescu

Waterton has purchased Skye at Belltown, a 371-unit community in Seattle, bringing its footprint to 945 apartments in the city. A joint venture between Mill Creek Residential and AEW Capital Management previously owned the property, according to Yardi Matrix data. The duo purchased the asset for $94 million in 2013. That transaction marked Mill Creek Residential’s first acquisition in Seattle. Occupying an entire block at 500 Wall St., Skye at Belltown is roughly 1 mile away from the downtown area.