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 high-cost West Coast markets. Completed in 2025, Mosa is a 14-building, garden-style family community with a mix of unit types. The property is organized across

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 of Directors of AvalonBay and the Board of Trustees of Equity Residential, AvalonBay shareholders will receive 2.793 shares of Equity Residential common stock for each

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 hubs. Sanara will consist of 13 three-story residential buildings across a 56-acre site, with roughly 18 acres dedicated to residential use and the remaining floodplain

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 permanent units in February 2024. The conversion produced 67 studio apartments and 20 one-bedroom apartments, with all homes currently 100 percent occupied and targeted 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. The firm plans a substantial rehabilitation of the property using 4 percent Low-Income Housing Tax Credits and tax-exempt bond financing later in 2026. Renovations will

Wood Partners, in partnership with Germany-based capital partner EIG EuroInvestor, has broken ground on Alta Longmont, a 252-unit multifamily community in Longmont, Colorado. The seven-building, three-story development is scheduled to open in spring 2028 and sits above St. Vrain Creek with clear views of the Flatirons and immediate access to the adjacent greenway. “Our goal is to deliver projects that not only serve residents, but also add to the character and long-term momentum of the surrounding area,” said Walter Armer,