National multifamily developer Wood Partners has broken ground on Alta Newnan Crossing, a mixed-use community in Newnan, Georgia. The project will deliver 274 apartment units, seven three-bedroom, two-bath townhomes with two-car garages, and 7,700 square feet of street-level retail. Completion is expected in fall 2027. “Alta Newnan Crossing is designed to bring a new level […]

Bascom Arizona Ventures, a subsidiary of The Bascom Group, has acquired Domain 3201, a 289-unit multifamily community in Tucson, Arizona, for $45.5 million, or $157,439 per unit. BrightSpire Capital Acquisitions provided debt financing for the transaction, which was arranged by Brian Eisendrath, Cameron Chalfant, Ben Margolis, and Jesse Zarouk of Institutional Property Advisors. Hamid Panahi, […]

Lincoln Avenue Communities (LAC) held a grand opening this month for Leon Creek Flats, a new 308-unit affordable housing community in San Antonio, Texas. The ceremony brought together local business leaders, community officials and LAC leaders to mark the developer’s first ground-up affordable housing project in Texas. Leon Creek Flats offers a mix of one, […]

Sagard Real Estate (SRE), a U.S.-based real estate investment advisor and subsidiary of global asset manager Sagard, has acquired 18463 Blueberry Lane, a 222-unit garden-style multifamily community in Monroe, Washington, within the greater Seattle metropolitan area. The purchase was made on behalf of Sagard Real Estate’s recently launched core-plus open-end fund, which targets seaport and […]

Falcon Senior Housing and SilverPoint Senior Living have broken ground on The Statesman at Horseshoe Bay, a $108 million senior living community located on Falcon Tract within the SilverRock master community in Horseshoe Bay, Texas. The ceremonial groundbreaking marks the public introduction of the project name under which the development will be marketed, sold, and […]

Hudson Valley Property Group (HVPG) has acquired Mosa Apartment Homes, a newly completed 387-unit affordable multifamily community at 10149 Bruceville Road in Elk Grove, California. Total project costs related to the transaction are approximately $83.6 million, inclusive of the assumption of permanent debt. The acquisition expands HVPG’s California portfolio and advances its preservation mission in […]

Equity Residential and AvalonBay Communities have reached a definitive agreement to combine in an all-stock merger of equals, creating a company with pro forma equity market capitalization of approximately $52 billion, total enterprise value of approximately $69 billion, and a portfolio of more than 180,000 rental apartments. Under the terms approved unanimously by the Board […]

The NRP Group and the Housing Authority of Travis County broke ground on Sanara, a 348-unit affordable housing community in Southeast Austin. The development will reserve all units for households earning up to 60 percent of the Area Median Income and is sited at 4401 E. Slaughter Lane adjacent to expanding commercial corridors and employment […]

Linc Housing and partners have completed the renovation of Azure, a supportive housing community in Anaheim that converts an underused motel into permanent homes and services for people experiencing homelessness or housing instability. Azure, located at 1251 N. Harbor Blvd., opened after a two-phase effort that began with interim housing in 2022 and transitioned to […]

Tareen Development Partners has completed the acquisition of Afton View Apartments, a 286-unit community in St. Paul, Minnesota. The property, originally built in 1971, includes 268 units supported by a HUD project-based Section 8 contract, providing a stable subsidy framework for residents and investors. This marks TDP’s third affordable housing acquisition in the Twin Cities. […]