Preservation Equity Fund Advisors, LLC announced the acquisition of Quail Run Apartments, a 104-unit affordable housing community in San Leandro, California. Originally developed in 1987 with Low-Income Housing Tax Credits, the community serves families earning 50 percent to 80 percent of Area Median Income. Quail Run is a low-density development consisting of 10 two-story residential buildings on four acres. The property contains 104 one- and two-bedroom homes averaging 737 square feet, and was 95.2 percent occupied at closing. Community amenities

Thompson Thrift, a national full-service real estate firm, has announced plans for The Foundry at Mosaic, a 300-unit multifamily community in Pooler, Georgia. Construction is expected to begin this month, with resident move-ins anticipated to begin in November 2027. The property will sit within Mosaic Town Center at the southeast corner of Pooler Parkway and Interstate 16, providing direct access to retail, dining and entertainment. “The Foundry at Mosaic represents another exciting opportunity to expand our presence in one of

Bascom Group has acquired Castlewood Park Apartments, a 183-unit value-add community in Buena Park, California, for $53,125,000, or $290,301 per unit. The garden-style property, built in 1963, sits on 8.7 acres with 46 buildings and an ultra-low density of 21 units per acre. Units average 1,028 square feet and include garages for every residence, with private yards for roughly 60 percent of homes. The community is composed entirely of two-, three-, and four-bedroom apartments and includes two swimming pools and

Houston marked a milestone for senior affordability in the Third Ward with a ceremonial groundbreaking for Trinity East Village Senior, a 90-unit affordable housing community for residents age 55 and older. The development, led by The NHP Foundation in partnership with Trinity East Village Community Development Corporation and Housing Alliance HTX, moves forward after financial closing earlier this summer and responds to long-standing neighborhood priorities around affordability and displacement prevention. Sixty of the 90 apartments will serve as replacement housing

The NRP Group has closed financing and broken ground on Catalina, a 336-unit affordable housing community in Travis County near Austin developed in partnership with the Housing Authority of Travis County (HATC). Catalina is planned to serve households earning between 30% and 70% of area median income, with a portion of units reserved as deeply affordable homes for households at or below 30% AMI. Sited on a 15-acre parcel along Cameron Road, the community will include 12 three-story residential buildings

Balfour Beatty Communities has expanded its Texas multifamily footprint with the acquisition of Avanti Cityside, a 378-unit community in Houston’s Texas Medical Center submarket. This marks the company’s third Texas investment in the past 18 months, following River Pointe in Conroe and The Leonard in Denton. Constructed in 2007, Avanti Cityside comprises more than 362,000 square feet of rentable residential space across one-, two-, and three-bedroom floor plans. The property offers community amenities that include two swimming pools, a fitness