Groundbreaking for East Tremont Affordable and Supportive Housing and Expanded Health Center in the Bronx
Community Access, Mega Group and Community Healthcare Network marked the groundbreaking of 521 East Tremont Avenue in the East Tremont/Crotona neighborhood of the Bronx. The $162 million, 213-unit development will deliver a mix of affordable and supportive housing for income-eligible individuals and families, including people living with mental health concerns who have experienced homelessness, alongside […]
MAXX Properties Expands South Florida Presence with Acquisition of The Ellery in Plantation
MAXX Properties has acquired The Ellery, a 250-unit, Class A multifamily community in Plantation, Florida, marking an expansion of its South Florida holdings and an addition to its vertically integrated portfolio. The transaction was sourced directly through an off-market arrangement with the seller. Originally built in 2018 and formerly known as Bell at Plantation, the […]
Jefferson Apartment Group and CP Capital Hold Ribbon Cutting for J Veridian Upper Dublin a Three Hundred Ten Unit Class A Community in Fort Washington
Jefferson Apartment Group and equity partner CP Capital marked the ribbon-cutting for J Veridian Upper Dublin, a 310-unit Class A community in Fort Washington, Pennsylvania. Located at 1125 Virginia Drive on the site of a former office park, the development comprises three five-story buildings and delivers eight acres of walkable open space with a 1.4-mile […]
PEF Advisors Completes Acquisition of Belmont Villas to Preserve Affordable Senior Housing on Long Island
Preservation Equity Fund Advisors (PEF Advisors) has completed the acquisition of Belmont Villas, a 164-unit apartment community in West Babylon, New York. The property sits in Suffolk County on Long Island’s South Shore, roughly one hour from New York City, and is targeted to residents aged 55 and older. Built in 2009 with low-income housing […]
NRP Group and Marshall Heights Break Ground on The Waymark One Hundred Nine Unit Transit Oriented Affordable Housing in Ward Seven Washington DC
The NRP Group and Marshall Heights Community Development Organization (MHCDO) have closed financing and broken ground on The Waymark, a 109-unit, transit-oriented affordable housing community in Washington, D.C. Ward 7. Located at 4435 Benning Road NE, the nine‑story building will reserve apartments for households earning up to 30%, 50% and 80% of Area Median Income, […]
GID Expands Residential Platform Into Mid Atlantic Markets With Senior Managing Director Duncan Jones
GID, the vertically-integrated real estate owner, operator, developer and investor with $32.1 billion in assets under management, is expanding its national development platform, GID Residential Partners, into the Mid-Atlantic market. The initiative covers Maryland, Washington D.C., Northern Virginia and North Carolina and will be led by industry veteran Duncan Jones, who joins the firm as […]
Bascom Group Acquires The Ellison in Summerlin Las Vegas
The Bascom Group has acquired The Ellison, a 294-unit apartment community at 9235 West Russell Road in the Summerlin/Spring Valley submarket of Las Vegas. The purchase price was $103,000,000, or $350,340 per unit. Newmark team members Lee Redmond, Nicholas Schroeder, Vincent Punzi, and Lowell Takahashi arranged debt financing for the acquisition, and AXA Investment Managers […]
American Capital Group and Clarion Partners Complete Enso Apartments in Lynnwood
American Capital Group and Clarion Partners have completed Enso Apartments, a 316-unit multifamily community located at 19630 40th Ave W in Lynnwood, Washington. The transit-oriented development sits within a federally designated Qualified Opportunity Zone and is walkable to the Lynnwood Link Light Rail Station, offering direct connections to Downtown Seattle and major employment centers across […]
Resilience at Scale: Overcoming Roadblocks in Modern Property Management Operations
Join award-winning podcasters, multifamily technology innovator Kerry W. Kirby, CEO of 365 Connect, and property management expert Ernest F. Oriente of PowerHour®, for a another exciting segment of the MultifamilyBiz + PowerHour Webcast Series. Launching April 22, 2026, at 3:00 p.m. Eastern Standard Time. This episode explores how today s multifamily leaders are navigating unprecedented […]
Lincoln Avenue Communities Breaks Ground on Landmark on Scioto Three Hundred Twenty One Unit Affordable Build to Rent Community in Columbus
Lincoln Avenue Communities (LAC) has broken ground on Landmark on Scioto, a 321-unit affordable housing community in Columbus, Ohio. The development is LAC’s first ground-up construction project in Ohio and will serve households earning up to 60 percent of area median income. “LAC is proud to partner with state and local leaders to deliver homes […]