http://www.multifamilybiz.com Latest Press Releases from MultifamilyBiz.com en-us © 2026 MultifamilyBiz.com 1 /pressreleases http://www.multifamilybiz.com/images/multifamilylogosmall.png 144 33 Multifamily Industry Press Releases - MultifamilyBiz.com RSS Feed PALM BEACH, FL - DiVosta Homes, the luxury home division of PulteGroup, has acquired 53 finished lots in Tequesta for The Reserve at Tequesta, an exclusive enclave of 69 luxury townhomes in one of Palm Beach County s most desirable coastal villages. DiVosta recently closed on the property at 100 Royal Palm Circle near US-1 and SE County Line Road, where it will build out this refined residential neighborhood offering a modern, low-maintenance lifestyle just minutes from the Intracoastal Waterway and Atlantic Ocean. The Reserve at Tequesta will feature spacious two-story townhomes ranging from approximately 1,892 to 1,989 square feet, with three bedrooms, 2.5 bathrooms, and two-car garages. Pricing is anticipated to start from the $800,000s. Construction should begin soon, with first move-ins expected by the end of the year or early 2027. Designed to appeal to professionals, families, downsizers, and seasonal residents, The Reserve at Tequesta combines modern home design with a connected yet tranquil setting. Residents will enjoy a curated collection of amenities, including a resort-style pool with a rock waterfall, a spacious sun deck, a fitness center, and included lawn-care services. The community is also within walking distance of the Intracoastal Waterway, a county park, and a neighborhood shopping plaza, enhancing its appeal for both full-time and seasonal residents. Tequesta offers a rare blend of small-town charm, coastal accessibility and proximity to major employment centers, said Brent Baker, PulteGroup s Southeast Florida Division President. With The Reserve, we re introducing a boutique community designed for today s buyers who want high-quality homes, walkability and a true lock-and-leave lifestyle in an exceptional location. Tequesta is the northernmost municipality in Palm Beach County, nestled between the Atlantic Ocean and the Loxahatchee River. The Reserve is just minutes away from I-95 and Florida s Turnpike, with convenient access to Palm Beach International Airport. Nearby destinationsinclude Jupiter s beaches, Abacoa, Palm Beach Gardens, Downtown Stuart and Downtown West Palm Beach, along with a wide range of shopping, dining and entertainment options. Families will have access to highly regarded schools, including Jupiter Elementary School, Jupiter Middle School and Jupiter Community High School. A VIP interest list is now forming for prospective buyers. To sign up and be among the first to receive details on The Reserve at Tequesta, visit www.divosta.com/tequesta https://www.multifamilybiz.com/pressreleases/18527/divosta_announces_exclusive_enclave_of_luxury_town... Tue, 19 May 2026 09:46:00 GMT af4beb2f-1b3c-42ad-9d40-8274a8b9f483 SAN DIEGO, CA - San Diego-based Sunrise Management – which has specialized in the management of multifamily real estate since 1978 – has appointed Peter Richter as its new vice president of client strategy, adding a seasoned real estate executive with nearly two decades of experience in investor relations, capital raising, asset management and property management. In his new role, Richter will help guide the company s strategic growth initiatives, strengthen investor and client relationships, identify new business opportunities and support the continued expansion of Sunrise Management s multifamily portfolio throughout California. Richter brings a diverse background spanning real estate operations and investment strategy with a proven ability to align financial performance with long-term growth objectives. He was most recently director of capital markets and investor relations for La Jolla-based Interwest Capital, where he successfully placed over $92 million in equity and debt against a diverse portfolio of development projects and also oversaw investor relations for a portfolio exceeding $1 billion. Prior to Interwest Richter was the director of investor relations and asset management for Davlin Investments, helping place more than $85 million in equity and facilitating the acquisition of over 1,300 apartment units throughout Riverside, Sacramento, Las Vegas and Phoenix. His experience also includes operational leadership of large multifamily communities in San Diego with UDR, Pinnacle International and Holland Residential. Peter brings an exceptional combination of institutional investment expertise and hands-on property operations experience, said Theresa Cordero, president of Sunrise Management. That rare perspective makes him uniquely qualified to help guide our next phase of growth while continuing to deliver outstanding results for our clients. He holds a Bachelor of Arts degree in interdisciplinary studies from Arizona State University. About Sunrise Management: Founded in 1978, Sunrise Management is a privately-owned San Diego-based firm specializing in the management of residential real estate properties. For more information, visit www.sunrisemgmt.com https://www.multifamilybiz.com/pressreleases/18525/sunrise_management_names_industry_veteran_peter_ri... Mon, 18 May 2026 09:39:00 GMT 1b2a9161-3665-4f2b-9ba0-5d0177f5ca8a NEW YORK, NY - Greystone, a leading national commercial real estate finance company, in partnership with Cushman & Wakefield, announced they have arranged the sale and provided, $28,219,000 in Freddie Mac financing for the acquisition of Landmark Apartments, a 264-unit multifamily property in Tuscaloosa, Alabama. The financing was originated by Elliott Mulkin, Managing Director at Greystone, with Cushman & Wakefield serving as the exclusive investment sales advisor through Andrew Brown and Craig Hey. Landmark Apartments is a garden-style community built in 2007 and situated on more than 23 acres. The financing for the acquisition carries a 5-year term with a 30-year amortization schedule and features an interest-only period followed by amortization. The property features a mix of one-, two-, and three-bedroom units and offers a robust amenity package, including a resort-style pool, fitness center with yoga studio, resident clubhouse, business center, and outdoor gathering spaces. Tuscaloosa is anchored by the University of Alabama, a major regional employer with significant economic impact, as well as proximity to key transportation corridors and industrial employment centers, including the Mercedes-Benz manufacturing facility. The property s affordability is relative to local incomes and its amenity-rich offering further support sustained renter demand. Tertiary markets like Tuscaloosa continue to demonstrate durable multifamily fundamentals driven by major employment anchors and steady population trends, said Mr. Mulkin. We re pleased to deliver a financing solution that supports our client s acquisition strategy while positioning the property for long-term performance. Landmark Apartments attracted strong investor interest due to its scale, location, and value-add potential, said Mr. Brown of Cushman & Wakefield. We are pleased to have partnered with Greystone to help bring this transaction to a successful close. About Cushman & Wakefield: Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for occupiers and investors with approximately 53,000 employees in over 350 offices and nearly 60 countries. In 2025, the firm reported revenue of $10.3 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com About Greystone: Greystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac lender in these sectors. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. For more information, visit www.greystone.com https://www.multifamilybiz.com/pressreleases/18520/cushman__wakefield_and_greystone_close_sale_and_fi... Fri, 15 May 2026 09:59:00 GMT 70571279-84bb-44f3-8202-debb56e559f2 MIAMI, FL - WD Capital Group advised on the arrangement of a $3,375,000 credit facility for a boutique short-term rental (STR) asset located in Miami Beach, Florida. Acting on behalf of the borrower, the firm structured and secured a financing solution designed to support the asset s continued operation, stabilization, and performance optimization. The facility was structured as a 12-month interest-only loan with extension options, providing the borrower with the flexibility to execute operational improvements and enhance revenue generation. The property comprises a boutique residential asset currently operated as a short-term rental platform, positioned to capture strong transient demand within one of South Florida s most active hospitality submarkets. Located within a highly walkable Miami Beach corridor, the asset benefits from proximity to Lincoln Road, Alton Road, and key South Beach demand drivers, attracting both domestic and international visitors. The surrounding submarket continues to demonstrate strong fundamentals, supported by sustained hospitality demand, constrained supply, and ongoing in-migration to South Florida. The business plan centers on improving operational efficiency and increasing average daily rates (ADR) through enhanced management, branding, and market positioning. The transaction was led by Emile Schachter, Managing Partner at WD Capital Group. Well-located short-term rental assets in Miami Beach continue to demonstrate strong performance, particularly when paired with disciplined execution and operational focus, said Schachter. This financing provides the flexibility required to further optimize performance in a highly competitive hospitality market. WD Capital Group is a boutique real estate capital advisory firm providing debt advisory, structured finance, and equity placement services for developers, owners, and investors across South Florida and select U.S. and international markets. About WD Capital Group: WD Capital Group is a boutique real estate capital advisory firm specializing in debt advisory, structured finance, and equity placement for developers, owners, and investors. The firm advises on complex real estate transactions across South Florida and select U.S. and international markets, focusing on execution certainty, disciplined underwriting, and institutional-grade capital solutions. https://www.multifamilybiz.com/pressreleases/18518/wd_capital_group_arranges_financing_for_boutique_s... Thu, 14 May 2026 09:55:00 GMT b720bd61-cb10-4609-9357-3436c97af974 MIAMI, FL - McDowell Housing Partners (MHP), a leading affordable housing developer and investment company, proudly announces the appointment of Brian Villa as the firm s new Chief Investment Officer. In his role, Villa will be responsible for leading both the finance and legal departments and will collaborate with MHP s principals and department leaders to advance the firm s vision and operational strategies. As we accelerate our mission to deliver high-quality, affordable housing, Brian brings the strategic investment expertise needed to expand our impact, said W. Patrick McDowell, Chairman & CEO of McDowell Housing Partners. His track record in navigating complex capital markets will be invaluable as we grow our portfolio and serve more families. Villa brings nearly two decades of experience in real estate investment to the McDowell Housing Partners executive leadership team. With over 3,100 units across Florida and Texas, the firm s commitment to strategic growth remains evident with this key addition to the executive team. Previously, Villa was the Chief Investment Officer of a Midwest-based affordable housing developer where he was responsible for overseeing the closing of transactions, managing the real estate portfolio, and interacting with financing partners. Before that, Villa served as General Counsel for a LIHTC syndicator, managing the closing of transactions, assisting the various departments with legal-related matters, and serving as the secretary of the investment committee. Earlier in his career, Villa practiced in the corporate and real estate groups of a large regional law firm. I am honored to join McDowell Housing Partners at such a pivotal moment for the affordable housing sector. I look forward to advancing our mission by delivering innovative financial solutions that produce safe, stable homes, ensuring that every investment decision creates meaningful impact for our residents, stated Villa. Villa is a member of the Indiana State Bar Association, the ABA Affordable Housing Forum, and the Association of Corporate Counsel and currently serves on the board of the CREA Foundation. He earned a Juris Doctorate from Indiana University Maurer School of Law, an MBA from Indiana University Kelley School of Business, and a BS in Economics from Purdue University s Krannert School of Business. About McDowell Housing Partners: McDowell Housing Partners (MHP) is a leading investor and developer of affordable housing. Founded in 2019, MHP has quickly established itself as a major player in the industry, earning a ranking of 27th nationally by Affordable Housing Finance. The company has successfully secured competitive funding for 22 new affordable communities, providing over 3,100 units across Florida and Texas.  With a vertically integrated team, MHP works closely with local governments and community stakeholders to tackle the critical shortage of high-quality affordable housing. MHP s mission is to ensure access to safe, stable, and affordable housing options for families and seniors, regardless of socioeconomic status. For more information, visit www.mcdhousing.com https://www.multifamilybiz.com/pressreleases/18521/mcdowell_housing_partners_appoints_brian_villa_as_... Thu, 14 May 2026 08:38:00 GMT b6f71167-0c88-43f6-b72c-f22c699a58a0 CHICAGO, IL - Greenstone Partners is pleased to announce the addition of Aaron Ramirez as an Investment Associate and Ilma Seperovic as a Senior Marketing Manager, strengthening the firm s capabilities across investment sales and marketing strategy. Ramirez joins the firm as an Investment Associate, focusing on the acquisition and disposition of urban retail and mixed-use properties across Chicago s North and Northwest sides. He advises clients on investment strategies within neighborhood-driven markets, leveraging his understanding of local trends to position assets for competitive outcomes. "I was drawn to Greenstone for the opportunity to build a meaningful career in an entrepreneurial environment, and work with some of the most established brokers in Chicago," said Aaron, Investment Associate at Greenstone Partners. Coming from a large, nationally recognized firm, I saw the value of scale, but at Greenstone, the combination of autonomy and its reputation in the market gives us direct access to decision-makers. This allows me to grow my business faster and deliver more value to clients through more personalized service. Aaron is a young, talented, and driven advisor. Among many prestigious brokerages in Chicago, he chose Greenstone Partners to build his brokerage business. said Clarence Marsh, COO at Greenstone Partners. We re thrilled to welcome Aaron and support his development into a premier urban Chicago retail broker. Seperovic joins as Senior Marketing Manager, where she leads the firm s content marketing strategy and brand positioning across digital platforms, public relations, and marketing initiatives. In her role, she oversees social media strategy, press outreach, and property marketing campaigns, ensuring Greenstone s listings and brokers are positioned effectively to the market. She brings a background in commercial real estate marketing with a focus on press strategy, brand development, and content creation. What stood out to me was the strength of the foundation, from the brokers to the deal flow, said Seperovic, Senior Marketing Manager at Greenstone Partners. I saw an opportunity to build a marketing engine that not only supports brokers, but actively drives deal flow and strengthens the firm s position in the market. Ilma s distinctive vision, work ethic, ambition, and skillset distinguished her from a compelling field of candidates said Clarence Marsh, COO at Greenstone Partners. At its essence, investment sales brokerage is a marketing service. As the new leader of our Marketing team, Ilma is integral to the continued success of Greenstone and our Clients. The caliber of Greenstone s team and opportunity to build a market-leading brokerage platform makes Greenstone the destination firm for CRE brokers, said Marsh. We have incredible momentum, and we are just getting started." https://www.multifamilybiz.com/pressreleases/18517/greenstone_partners_expands_team_with_aaron_ramire... Wed, 13 May 2026 09:49:00 GMT 030f6002-5390-4ecc-ad5f-e05acd8ed2c0 HUNTERSVILLE, NC - Flournoy Development Group (FDG) has officially broken ground on Declan Huntersville, a premier 318-unit multifamily development located along Hambright Road in Huntersville, NC. Situated on approximately 35.62 acres, the project marks the continued expansion of FDG s dynamic Declan brand into one of the Charlotte metropolitan area s most desirable and rapidly growing suburbs. The community will be constructed by CF Evans Construction and managed by Flournoy Properties Group upon completion. Positioned just one exit north of the Charlotte city limits off Interstate 77, Declan Huntersville offers residents direct connectivity to the region's primary employment and lifestyle hubs. Residents will enjoy convenient access to retail, entertainment, dining, and recreation on and around the Lake Norman area while remaining a short drive from Uptown Charlotte. Breaking ground on Declan Huntersville is an exciting milestone for our team as we continue to expand our footprint in the greater Charlotte market, said Ryan Foster, Senior Vice President of Development for Flournoy Development Group. Following the success of several of our other recent communities in Charlotte, including Ellison Mallard Creek and Union NoDa, we are confident that the Declan brand will resonate deeply with Huntersville residents who are looking for a sophisticated, amenity-rich community in one of the Southeast s most vibrant cities. The community will consist of eight residential buildings offering a mix of one-, two- and three-bedroom apartment homes. Residents will enjoy an expansive suite of amenities, including a clubhouse with a state-of-the-art fitness center, both private and open coworking spaces, a resident clubroom for social gatherings, and a convenient grab-and-go market. Outdoor amenities include a resort-style pool deck, a dog park and pet spa, a car wash, and an on-site connection to the Mecklenburg County Greenway. The site is also uniquely positioned near future growth in the market, located just a quarter mile from the proposed Hambright stop on Charlotte s future Red Line light rail. This investment in regional infrastructure, combined with proximity to Lake Norman and major corporate headquarters like Lowe s and Ingersoll Rand, reinforces FDG s commitment to building best-in-class projects in high-growth areas. About Flournoy Development Group: Founded in 1967, Flournoy is a residential real estate firm headquartered in Columbus, Georgia, specializing in the development and management of high-quality multifamily, active-adult, and build-to-rent communities across the Southeast, Mid-Atlantic, and Southwest. Through Flournoy Development Group (FDG) and Flournoy Properties Group (FPG), the firm has developed and managed more than 49,000 residential units nationwide. The firm currently has $1.8 billion AUM. Flournoy is a wholly owned subsidiary of Kajima USA. Learn more at flournoycompanies.com https://www.multifamilybiz.com/pressreleases/18540/flournoy_development_group_breaks_ground_on_318uni... Tue, 12 May 2026 10:20:00 GMT f7917f49-2dbb-4691-912b-f1cb0388cf61 NEW YORK, NY - Arqline, the unified national operating platform from Alfred, has appointed Maggie McGill as Associate Managing Director. McGill brings more than 25 years of experience leading operations across complex, high-growth portfolios and will play a key role in advancing Arqline s platform as it continues to scale nationwide. McGill joins at a pivotal moment, as Arqline expands its footprint across more than 50,000 multifamily and build-to-rent homes in 31 markets. Her appointment reflects the company s focus on pairing strong operational leadership with a next-generation model built for performance, consistency, and long-term growth. Most recently, McGill served as Senior Vice President at Redwood Communities, where she oversaw property operations, financial performance, and technology integration. She led the onboarding of more than eight acquisitions and management transitions, each completed within 60 to 90 days, while building the operational infrastructure to support continued portfolio growth. Maggie is exactly the kind of operator we are building this platform around, said Kevin Owens, President at Arqline. She brings a rare combination of scale experience, operational discipline, and people-first leadership. As we continue to grow, her ability to bring structure to complexity and execute across portfolios will be critical to delivering consistent performance. Prior to Redwood Communities, McGill served as Chief Operating Officer at Elmington Property Management, leading a 25,000-unit portfolio, and as Managing Director at Cushman & Wakefield, where she expanded a Central Texas portfolio by 6,000 units in under two years. Her background spans high-rise, build-to-rent, student housing, senior living, and affordable housing (LIHTC/HUD), giving her a comprehensive view of the multifamily lifecycle. Arqline represents a new chapter for property management, where technology, data, and people are aligned to drive better outcomes, said McGill. I m excited to join a team that is scaling with a clear vision for operational excellence and a commitment to empowering teams on the ground. There is a real opportunity to build something both high-performing and enduring. In her new role, McGill will focus on strengthening operational systems, supporting portfolio integration, and enhancing team performance across Arqline s national platform. Arqline brings together RKW Residential and A Residential (formerly Quarterra Living) under a single operating model and management identity, combining decades of property management expertise with Alfred s technology foundation. Built on Alfred s resident-first approach, Arqline integrates technology, data, and operations into a unified platform designed to drive performance at scale. Today, the company manages more than 50,000 homes across 31 markets and is on a path to 100,000 homes under management. https://www.multifamilybiz.com/pressreleases/18516/arqline_expands_operational_leadership_with_additi... Tue, 12 May 2026 09:43:00 GMT 9e215dd0-4815-46e9-9c12-f47202a6d50c PEMBROKE PINES, FL - McDowell Housing Partners (MHP) and Miami Jewish Health (MJH) today announced the completion of Douglas Gardens Senior Health and Living, a 410-unit mixed-income, mixed-use residential community in Pembroke Pines that stands as the largest affordable senior housing development in Broward County and the second largest in the state of Florida. The $139 million development represents a landmark achievement in Florida s affordable housing landscape, combining residential units with on-site healthcare services - the state s largest Program of All-Inclusive Care for the Elderly (PACE) under one campus. Designed to serve seniors primarily at 30% and 60% of the Area Median Income (AMI), Douglas Gardens IV directly addresses one of Broward County s most pressing challenges - the acute shortage of true affordable housing options for a rapidly aging population. With South Florida s senior residents disproportionately reliant on fixed incomes, the need for housing that does not force a trade-off between affordability and quality has never been more urgent. This project demanded something more than standard development. It demanded creativity, persistence, and an unshakeable belief that the seniors of Broward County deserve better, said W. Patrick McDowell, Chairman and CEO of McDowell Housing Partners. Douglas Gardens is not the result of a formula. It is the result of a team that refused to accept ‘no as an answer and engineered solutions when conventional ones ran out. We are immensely proud of what we have built here. A Complex Deal, Creatively Executed Financing a development of this scale and complexity required a multi-layered capital stack assembled from public and private sources. The Broward County Housing Finance Authority served as tax-exempt bond issuer; Citi Community Capital provided construction and permanent financing; CREA, LLC invested as the Low-Income Housing Tax Credit (LIHTC) equity partner; and Broward County Housing Trust Fund contributed subordinate financing. The ability to align these partners around a single, ambitious vision reflects MHP s track record of navigating the most demanding transactions in affordable housing finance. Housing Meets Healthcare: The PACE Integration What distinguishes Douglas Gardens IV from every other affordable senior community in the region is the seamless integration of an adult day health center. Specifically, Florida PACE Centers, a subsidiary of MJH, will deliver comprehensive medical and social services to Medicare/Medicaid-eligible seniors, enabling elderly residents to receive hospital-grade care without leaving their community. For seniors who might otherwise face institutionalization, on-site PACE access is transformative. The affordability crisis does not discriminate based on age. South Florida s seniors face tremendous challenges as they often live on low fixed incomes, said Jeffrey Freimark, President and CEO of Miami Jewish Health. Being able to build a community that directly addresses the need for comfortable, safe, and cost-effective housing, combined with a comprehensive health program like Florida PACE Centers, is a necessity and something we are proud of. Douglas Gardens IV completes the final phase of our campus vision in Pembroke Pines and fulfills a promise we made to Broward County s seniors. Douglas Gardens Senior Health and Living: By the Numbers 410 units: studio, one-bedroom, and two-bedroom apartments (565–1,005 sq. ft.) Serves residents 55 and older at 30%, 60%, and 100% AMI 15,000-square-foot on-site PACE center Largest affordable senior development in Broward County; second largest in Florida Total development cost: +$139 million Located at 711 and 713 SW 88th Ave., Pembroke Pines, FL Amenities: pond with walking paths, fitness center, theatre room, business center, multiple indoor and outdoor gathering spaces A Partnership Built on Shared Purpose Douglas Gardens IV represents the third project completed by MHP and MJH in partnership, a relationship grounded in a shared commitment to serving Broward County s most vulnerable senior population. The project team also includes construction manager ANF Group; engineer and landscape designer Keith & Associates; REPRTWAR Architecture and Design; and interior designer Jewel Toned Interiors. We re proud to celebrate the completion of this project and grateful to our partners for their collaboration. Developments like this provide much-needed affordable housing options that directly support the health and well-being of Broward County s senior population, said Al Fernandez, CEO of ANF Group. Douglas Gardens IV is the latest milestone in MHP s rapidly growing portfolio. Since its founding in 2019, McDowell Housing Partners has secured competitive funding for 22 affordable communities, delivering more than 3,100 units across Florida and Texas, earning a national ranking of 27th among affordable housing developers by Affordable Housing Finance magazine. https://www.multifamilybiz.com/pressreleases/18515/mcdowell_housing_partners_and_miami_jewish_health_... Mon, 11 May 2026 09:36:00 GMT bf57c981-a3c9-418a-a276-ccfbae511b6f CHICAGO, IL - Chicago-based Evergreen Real Estate Group, a leader in the development, construction and management of both affordable and market-rate multifamily properties, today announced the completion of Rifle Apartments, a 60-unit income-restricted rental community in Rifle, Colo. The development, which is professionally managed by Evergreen, is currently 95% leased. On April 17, Evergreen executives joined Rifle Mayor Clint Hostettler and other project partners including representatives from the Colorado Housing Finance Authority (CHFA), Key Bank and Colorado Division of Housing for a grand opening celebration. Filling a vacant 4.7-acre site at 115, 123 and 131 Park Ave., Rifle Apartments is the first family-oriented Low-Income Housing Tax Credit (LIHTC) project built in Rifle over the past 20 years. The development aligns with the city s Downtown TOD Strategic Plan and Comprehensive Plan, which so far has completed an extension of Park Avenue and has begun construction of the Park Avenue bridge. It s an absolute thrill to see Rifle Apartments now standing at this prominent, transit-adjacent site against a backdrop of mountain views, said Javonni Butler, vice president of development for Evergreen Real Estate Group and head of the firm s Denver office. The completion of Rifle Apartments marks the culmination of years of hard work and collaboration among private and public partners. It s especially rewarding to see the first residents enjoying their new homes, which in addition to being affordable are strategically located to give local families easy access to schools, employers, businesses, public transit and recreational amenities along the Colorado River. Comprising a trio of three-story buildings, Rifle Apartments offers 30 one-bedroom, 20 two-bedroom and 10 three-bedroom units, reserved for households earning between 30% and 80% of the area median income (AMI). Of the 60 total apartments, 14 are designated as project-based voucher units for families who are at or below 30% AMI. Homes feature open layouts with modern finishes, including vinyl plank flooring, LED lighting, full kitchens with Energy Star appliances, baths with step-in showers and low-flow plumbing fixtures, and in-unit laundry. On-site amenities include a community room, fitness room, storage lockers and abundant green space that includes a playground. The development also offers 115 free parking spaces, including EV-ready charging stations. Commuters can also take advantage of the adjacent CDOT Park-n-Ride, which is served by regional bus routes that provide service to population centers throughout the Roaring Fork Valley and I-70 corridor. Rifle Apartments is located in the city s central business district, near shops, restaurants and other services. It borders Rifle Creek just north of the Colorado River and connects to the Rifle Creek Trail. For several years, we have worked side-by-side with city officials and partners in Rifle to achieve our vision of creating affordable housing that will improve the lives of local residents, including families with limited options available to them, said Steve Rappin, CEO of Evergreen Real Estate Group. Rifle Apartments is the latest example of how municipalities can leverage the development expertise of firms like ours to deliver quality housing that is appropriately scaled and tailored to the needs of the surrounding community. Designed by ej architecture, the development has achieved National Green Building Standard (NGBS) Bronze level. Rifle Apartments is an all-electric development, reducing environmental impacts. Exterior cladding is a mix of brick, metal, stone, wood and fiber cement, which was inspired by the materials and tones of the surrounding natural environment. Financing for Rifle Apartments includes support from the State of Colorado Division of Housing Transformational Housing Loan Funds, Division of Housing Gap Funds, 9% LIHTC, Capital Magnet Funds from Impact Development Fund, AHIF funds from Colorado Clean Energy Fund, and CHFA permanent debt. In addition to Rifle Apartments, Evergreen is developing additional rental communities in Denver and across Colorado. These include The Ford Apartments, a six-story, 60-unit income-restricted rental community adjacent to the Denver Health Main Campus in Denver s Baker neighborhood that is expected to break ground this summer, as well as Park Place Apartments, a five-story, 80-unit income-restricted rental community in Denver s Sun Valley neighborhood that is scheduled to break ground this fall. Construction is also underway on 4965 N. Washington St., a 170-unit income-restricted rental housing community in Denver s Globeville neighborhood that will be colocated with a new Denver Public Library branch and 4,000-square-foot community café. About Evergreen Real Estate Group: Founded in 2001, Chicago-based Evergreen Real Estate Group is a fully integrated multifamily company that develops, acquires, and manages affordable and market-rate multifamily apartments for both seniors and families across 12 states and the District of Columbia. Evergreen specializes in thoughtful, creative residential development solutions – from adaptive reuse of historic buildings to new development in cities and towns facing a shortage of affordable housing. The firm is led by a passionate, cross-disciplinary team of developers, architects, urban planners and attorneys who have come together to create high-quality apartment communities, often in collaboration with local municipalities and financial partners who share its vision of investing not just in real estate, but also the people who call our communities home. Evergreen currently owns and manages 14,500 units of multifamily housing. For more information visit www.evergreenreg.com https://www.multifamilybiz.com/pressreleases/18509/evergreen_real_estate_group_completes_construction... Fri, 08 May 2026 11:22:00 GMT d9a7a56b-2e92-4d29-bdef-eec4297a3244 WASHINGTON, DC - MGAC, a global boutique consultancy and owners representative specializing in project and cost management, celebrates 30 years of growth and work on some of the most outstanding buildings and developments in the world. The firm has grown exceptionally over the past three decades, expanding its international footprint from its founding in Washington, DC to offices across North America, Europe, and Asia-Pacific. Over the past three decades, MGAC has established a network of offices in Washington, DC; Los Angeles; New York; San Francisco; Seattle; Toronto; London; Birmingham; Brighton; Glasgow; and, most recently, Melbourne. The firm now brings together 370+ professionals offering services that span project management, cost management, program / portfolio management, project controls, schedule / programme management, technology solutions, FF&E procurement, relocation management, and health + safety. Impressively, MGAC has consistently driven an average annual year-over-year growth rate of 15 percent, with more than 20 percent growth from 2024 to 2025, underscoring the firm s rapid evolution into one of the world s leading owners representative consultancies, delivering impactful projects across sectors, including civic + government, commercial, corporate, critical environments, cultural, education, healthcare, hospitality, industrial, luxury living, media, mixed-use, residential, retail, science + technology, sports, and transportation + infrastructure. As the construction industry becomes more globally connected, as well as more technologically and economically complex, there is a pressing need to bring efficiency and agility to projects, said Mark Anderson, President and Chief Executive Officer, MGAC. To meet this need, we re actively working to bring in smart people to solve difficult industry problems. Our team of dedicated experts bring a bespoke, localized approach to each project but have the resources and institutional expertise of a global firm. Because of this, our ability to solve the problems others can t has meant that we get to work on the world s best projects. Some of these projects include, among many more, the Discovery Channel s national retail rollout; the former WilmerHale headquarters; the Queen s University Isabel Bader Center for the Performing Arts; multiple projects for Fannie Mae; Salamander Resorts in Middleburg, VA and Washington, DC; the Glenstone Museum; the T-Mobile Headquarters and Integration Program; the American Geophysical Union Headquarters; the NFL West Coast Headquarters; the White Plains Hospital; TikTok offices in multiple locations; multiple projects for Johns Hopkins University in Baltimore, MD and Washington, DC; the renovation of NBCUniversal s Washington, DC studio; Century Plaza; the Under Armour Headquarters; Eighty Strand; Hank Willis Thomas s The Embrace in Boston Common; the Elephant; the Art Gallery of Ontario; Melbourne Walk; and luxury estates for some of the world s most discreet UHNW individuals. MGAC continues to support a growing global client base, including many of the world s top public and private real estate owners. Its single-point project delivery approach integrates seamlessly with ownership teams across all major asset classes from concept to completion to bring their visions to fruition on time, on or under budget, and sustainably, while mitigating risk and managing increasingly complex processes in a shifting built ecosystem. MGAC develops solutions and realizes successful completion in the most challenging circumstances. About MGAC: MGAC is a global boutique consultancy dedicated to managing and representing its clients best interests. Its success is rooted in hiring exceptional people who are driven to do challenging work with the unique blend of experience, integrity, creativity, and commitment that separates it from its competitors. MGAC provides best-in-class services that include project management, cost management, program management, project controls, schedule management, technology solutions, FF&E procurement, and relocation management. The firm has the ability to integrate these services to provide a completely customized and tailored solution to suit its clients project or program specific needs. With 11 offices located throughout the United States, Canada, the United Kingdom, and Australia, MGAC prides itself on being large enough to offer global services, but pragmatic in its approach so they can provide the level of personal care and attention-to-detail that their clients deserve. For more information, visit www.mgac.com https://www.multifamilybiz.com/pressreleases/18511/boutique_consultancy_mgac_celebrates_30_years_of_l... Fri, 08 May 2026 08:50:00 GMT 82b1cf0b-2675-4709-9bf1-bf032697caff CHICAGO, IL - RMK Management Corp., one of the Midwest s largest market-rate apartment management firms, is pleased to announce that multiple team members from four properties in its portfolio earned accolades at the 2026 Chicagoland Apartment Marketing and Management Excellence (CAMME) Awards, presented by the Chicagoland Apartment Association. Each year, the CAMME Awards is a capstone evening for our firm, as it s a wonderful opportunity to reflect on the tremendous achievements of our staff and the enhancements to our properties over the past year, said Anthony Rossi Jr., president of RMK Management Corp. We know our teams give their best to our residents every day, but to see their hard work acknowledged by peers in the industry makes it even more rewarding and special. RMK Management staff received five CAMME Awards in four categories at the following properties: Versailles on the Lakes Schaumburg, a 618-unit rental community in Schaumburg, Ill. Gerardo Robles won for Maintenance Professional, Low-Rise/Garden (TIED) Versailles on the Lakes Oakbrook, a 688-unit rental community in Oakbrook, Ill. Maintenance Team won for Low-Rise/Garden, which includes Henry Hoch, Anthony Pedraza, Joel Guzman, Hedson Rodriguez, Graham Rudnick, Fernando Martinez and Jeremy Valentine Joel Guzman also won for Maintenance Professional, Low-Rise/Garden (TIED) Bristol Station, a 348-unit rental community in Naperville, Ill. Team won for Renovation – Unit, On-site Team Halsted Flats, a 269-unit rental community in Chicago's Lakeview neighborhood Social Media Program, Property It is worth noting that the maintenance professionals who won individual awards are valued, long-time employees of RMK, said Rossi. Gerardo Robles of Versailles on the Lakes Schaumburg has been with RMK for nearly 30 years, while Joel Guzman of Versailles on the Lakes Oakbrook has been with RMK for 47 years. We are so grateful for both of these indispensable team members, who not only do an exceptional job keeping their communities in top shape, but also serve as role models for our entire firm. The 2026 CAMME Awards were presented by the Chicagoland Apartment Association on Friday, April 10 at the Fairmont Chicago, Millennium Park during its signature event to recognize, reward and celebrate excellence in the multifamily housing industry. About RMK Management Corp: A leading Midwest property management firm, RMK Management Corp. manages more than 7,000 apartment homes across 38 properties in Illinois, Minnesota and Wisconsin. The company s portfolio spans a range of apartment types, from high-rise and mid-rise buildings to two- and three-story walk-up apartments, garden apartments, affordable housing, 55+/active adult communities, and build-to-rent (BTR) townhomes. RMK also develops, builds and renovates communities. https://www.multifamilybiz.com/pressreleases/18506/rmk_management_receives_multiple_2026_camme_awards... Thu, 07 May 2026 11:12:00 GMT ff7c69dd-97f0-473d-8f33-a7853e51a2b2 NEW YORK, NY - Arqline, the unified national operating platform from parent company Alfred, continues to strengthen its leadership team with the addition of Dan Carr as Executive Vice President, Portfolio Strategy and Expansion. Carr will lead strategic growth initiatives across Arqline, which manages over 50,000 multifamily and build-to-rent homes across 31 markets, representing $20 billion in asset value. Carr, a strategic growth leader with a deep track record of scaling high-velocity portfolios across various real estate asset classes, joins Arqline s leadership team to drive a new era of data-driven expansion and operational discipline. His addition is complemented by the arrival of key growth-focused team members, including Cory Rasmussen as Business Development and Growth Manager and Katherine Cavanaugh as Senior Associate, Growth Analytics.  Carr brings extensive experience from leadership roles at WeWork and Pegasus, where he specialized in operational scaling, portfolio performance and leveraging technology to optimize occupancy and asset value.  The parallels between optimizing a national flex portfolio and scaling best-in-class multifamily operations are striking, particularly when it comes to technology adoption and prioritizing the member, or in our case, the resident, said Carr. The leasing dynamics and occupancy cycles in flex office environments are similar to those in a high-performing multifamily community. I am excited to partner with such a talented team to apply a disciplined, data-first strategy to our national expansion, ensuring we grow smartly while elevating our operational integrity.   Carr s mandate is to reengineer growth of the property management platform through disciplined performance management, analytics and strategic partnerships. The buildout of the dedicated Growth Team under his leadership, including new analyst and portfolio strategist roles, is designed to redefine value creation in property management.  Rasmussen, whose background is centered in business development and growth management, and Cavanaugh, who specializes in growth analytics, highlight a focus on smarter, data-driven expansion. These roles are critical to identifying strategic opportunities and ensuring seamless portfolio integration.  Dan s unique background brings an invaluable, data-centric perspective to Arqline s growth and performance strategy, said Jessica Beck, CEO and Co-Founder of Alfred. Under his leadership—and with dedicated support from Cory and Katherine—we are positioned to deliver an elevated resident experience and superior returns across every market we serve.   Arqline brings together RKW Residential and A Residential (formerly Quarterra Living) under a single operating model and management identity, combining decades of property management expertise with Alfred s technology foundation. Alfred was founded on a simple belief: rental living should be intuitive, resident-focused, and powered by teams who bring together genuine hospitality and technology that works. Twelve years, five acquisitions, and tens of thousands of residents later, that belief is built into everything Alfred does. Arqline is the result. We are strategically equipped to lead the next evolution of property management,  said Carr. I look forward to ensuring every addition to our portfolio is a strategic alignment, driven by rigorous data analysis, and perfectly integrated into our high-performance operating model.   Arqline manages more than 50,000 homes across 31 markets today, with AI that learns across the full portfolio, financially aware performance data available at every level of the organization, and a resident-first model that Alfred has refined for more than a decade. The platform is on a path to 100,000 homes under management. As the industry evolves, Alfred expects the best operators and onsite teams to move toward platforms that provide better tools, better data, and stronger support. Arqline is built with that in mind. https://www.multifamilybiz.com/pressreleases/18505/arqline_strengthens_leadership_team_with_additiono... Wed, 06 May 2026 11:08:00 GMT 993f85f9-c2d3-4af6-b1d8-4f0ea84a7efd MIAMI, FL - McDowell Housing Partners (MHP), a leading affordable housing development and investment company, announced the financial closing to build Ekos at Warrington, its first affordable housing community in Pensacola, FL, comprising a total of 120 units. We are excited to break ground on Ekos at Warrington, our first affordable development in Escambia County, made possible through Florida s landmark Live Local Act, which will provide working families with apartments and loads of amenities in a prime location, said Christopher Shear, President of McDowell Housing Partners. Ekos at Warrington is a leading example of policy working as intended. It demonstrates how targeted public investment can deliver meaningful housing for those who need and deserve it most. As the developer continues expanding its footprint across Florida, Ekos at Warrington represents Miami-based McDowell Housing Partners' 17th project to start construction in the state of Florida. The community will serve a mix of income levels, with 10% of units reserved for extremely low-income (ELI) households at 40% of Area Median Income (AMI), and the remaining 90% of units serving households at or below 60% AMI. In accordance with the RFA requirements, 50% of the units will be set aside for active-duty military members, veterans, and their families. Half of the ELI units, representing 5% of the total project, will be reserved for veterans experiencing homelessness. There is a critical shortage of attainable housing surrounding Naval Air Station Pensacola and other major military installations across Florida. In response, the FL legislature acted through the 2023 Live Local Act by allocating funding specifically for developments serving military bases. Located at 280 Dogwood Dr., Ekos at Warrington will deliver 120 apartment homes across four separate three-story buildings, along with a stand-alone clubhouse. The project will provide well-appointed 72 one-bedroom, 36 two-bedroom, and 12 three-bedroom units ranging from 631 to 1197 square feet, featuring spacious kitchens with granite countertops, luxury vinyl tile flooring, full-size, stainless steel, Energy Star appliances, and washer and dryer connections. Enhanced community amenities include a clubhouse with on-site management and maintenance offices, a fully equipped fitness center, a versatile community room with a kitchenette and game tables, and a media/business center with a computer lab. Additional amenities include a pool, playground, dog park, BBQ area, and a gazebo. The development will also provide additional community services in partnership with a local services coordinator, Opening Doors Northwest Florida, a mission-driven nonprofit organization dedicated to preventing and ending homelessness across Northwest Florida. Ekos at Warrington will be a green building certified under the National Green Building Standards. Each spacious apartment will offer several energy efficiency features, including low-flow plumbing fixtures, SEER 15 HVAC systems, high efficiency (low-e or insulated) impact windows, Energy-Star qualified water heaters, LED lighting, and more. The project was awarded $10,327,100 in State Apartment Incentive Loan (SAIL) and Extremely Low Income (ELI) funding from the Florida Housing Finance Corporation through RFA 2024-215, Live Local SAIL Financing for Developments Near Military Installations. Ekos at Warrington is financed through a combination of tax-exempt bonds, SAIL/ELI funding from FHFC, and 4% non-competitive Low-Income Housing Tax Credits (LIHTC). CREA serves as the tax credit investor, and R4 Capital is the construction and permanent lender. The project team for Ekos at Warrington includes Park & Eleazer Construction as the general contractor, Slocum Platts Architects as the architect of record, and Kim Do as co-developer The development will be near the Naval Air Station (NAS) Pensacola, a large military installation that serves as the initial training base for all U.S. Navy, Marine Corps, and Coast Guard officers pursuing naval aviation and naval flight officer designations. Ekos at Warrington is expected to be completed in the third quarter of 2027. https://www.multifamilybiz.com/pressreleases/18503/mcdowell_housing_partners_to_build_419_million_eko... Tue, 05 May 2026 10:59:00 GMT b8540ff4-f3f4-455b-b341-7d7b7e921233 MIAMI, FL - Eastham Capital, a private equity real estate firm dedicated to providing superior, risk-adjusted returns to investors through the transformation of undervalued multifamily real estate, announced the disposition of a multifamily community, University Green Apartments, a 194-unit apartment community located in Houston, Texas University Green Apartments was acquired in 2018 by Eastham Capital Fund V, LP, as a joint venture between Mosaic Residential and Eastham Capital. The investment was identified as a value-add opportunity in a growing market benefiting from strong regional employment drivers, proximity to major transportation corridors, and continued population growth across the greater Houston area. The sale price was not disclosed. University Green Apartments was an outstanding investment for Eastham, and we are pleased with the successful sale of this property, said Matthew Rosenthal, founder and managing director of Eastham Capital. "The asset s strong performance, spearheaded by a great operating partner in Mosaic, validates our value-add strategy in Texas. During the hold period, the team executed a comprehensive capital improvement and operational enhancement program designed to reposition the community within its competitive set. Interior unit renovations, exterior upgrades, and amenity enhancements were paired with improved property management and revenue management strategies. These efforts have driven meaningful increases in occupancy, resident quality, and overall asset performance. University Green Apartments, located at 1620 Bay Area Blvd., includes a mix of one- and two-bedroom units ranging from 424 to 988 square feet. At the time of disposition, University Green Apartments was approximately 97% occupied, with in-place rents having increased from $739 at the time of acquisition to $1040. The community is within great proximity of the University of Houston, Clear Lake, HCA, and the NASA Space Center in Houston, Texas. The successful execution of the business plan resulted in significant value creation for investors while delivering upgraded housing options to residents in the Houston community. Eastham Capital has recently launched its next fund – Eastham Capital Fund VII, LP – through which two properties have already been acquired. For more information on Eastham Capital's unique investment approach and property portfolio, visit www.easthamcapital.com https://www.multifamilybiz.com/pressreleases/18502/eastham_capital_announces_disposition_of_194unit_u... Mon, 04 May 2026 10:56:00 GMT f9fa4954-d05a-4b9f-b27a-6e1b99914875 HOUSTON, TX - AOG Living, a national leader in multifamily development, construction, and property management, has named Kristin Burton as Head of Capital Markets. The strategic hire strengthens the company s ability to scale its platform, deepen institutional relationships, and accelerate investment across its growing national portfolio. Kristin brings more than 20 years of commercial real estate experience, with a career spanning banking, institutional finance, and one of the world s largest multifamily operators. Over the course of her career, she has structured and supported more than $10 billion in debt and equity transactions, building a reputation for aligning capital with high-performing real estate opportunities. Kristin is a critical hire for AOG Living as we continue to expand our portfolio, said Ricardo Rivas, CEO of AOG Living. She brings not only deep expertise in capital markets, but also long-standing institutional relationships that will immediately enhance our ability to access new capital, pursue development and acquisitions opportunities, and help position AOG Living for its next phase of growth. In her new role, Kristin will lead capital markets strategy, overseeing investor relationships, capital raising, and the structuring of both debt and equity across AOG Living s development, acquisition, and construction initiatives. She will also play a key role in introducing new institutional partnerships, further enhancing the firm s already successful third-party property management and construction services. Kristin began her career at Washington Mutual, later acquired by JP Morgan, where she served as a commercial real estate analyst and ultimately a client executive working with Houston-based real estate clients. She joined Greystar in 2015, initially supporting European finance efforts before transitioning to the North American direct business. During her tenure, she led debt and equity originations and structuring efforts, ultimately serving as Managing Director of Finance through 2025. I m excited to join a well-respected, Houston-based multifamily firm with a strong track record of delivering quality product and long-term value, said Kristin. I look forward to being a part of the company s growth and working with AOG Living s leadership team who are committed to doing business based on the core values of integrity, teamwork, and excellence. In addition to her professional accomplishments, Kristin is actively involved in the community, supporting organizations such as Hope Beyond Bridges and Family Promise. She has served on the NMHC Finance Board (2024–2025), is a former member of CREW Houston, and was recognized with the 2023 Bisnow Houston Women Leading Real Estate Award. https://www.multifamilybiz.com/pressreleases/18499/aog_living_appoints_industry_veteran_kristin_burto... Fri, 01 May 2026 09:34:00 GMT cf0756e8-b5e4-4a9a-9cec-d940d0f96042 CHICAGO, IL - Westline, a new rental community in Lakewood, Ohio, has officially begun leasing and is now welcoming prospective residents for tours. Located at 16000 Detroit Ave., the two-building apartment community, which is already 20% pre-leased, introduces contemporary rental living to one of Lakewood s most vibrant and walkable commercial corridors. Leasing, marketing and property management are led by full-service residential real estate firm Cross Street. Resident move-ins at Westline will begin in late April. Westline features 124 modern residences, including junior one-bedroom (from $1,695 per month), one-bedroom (from $1,925 per month), one-bedroom-plus-den (from $2,395 per month), and two-bedroom floor plans (from $2,575 per month). Homes are designed to support comfortable, modern living, with a furnished one-bedroom model now available for tour. From thoughtful floor plans and modern finishes to on-site amenities and easy access to dining, retail and the lakefront, Westline checks all the boxes for renters seeking urban living in a walkable neighborhood setting, said Erin Higgins, vice president of leasing and management at Cross Street. With downtown Cleveland just 15 minutes away, residents can enjoy an easy commute while still benefiting from the character and convenience of Lakewood — truly the best of both worlds. The community s two-building design allows Westline to blend seamlessly into the surrounding neighborhood while offering a more intimate, boutique residential experience. At the same time, residents enjoy the level of service and amenities typically associated with larger multifamily communities. Amenities at Westline are designed to enhance daily living and foster connection, including a 24-hour fitness center, resident lounge, package services and bike storage. Reserved parking is available in the attached garage, with additional surface parking on-site. Residences feature 9-foot ceilings, expansive windows and a curated finish package that pairs contemporary design with quality materials and functional layouts. Modern appliances, integrated smart-home features and thoughtfully selected flooring and cabinetry combine to elevate comfort and simplify everyday life. The on-site leasing center is now open by appointment, with the Cross Street team available to guide prospective residents through floor plans, availability and the tour experience. About Cross Street: Cross Street is a full-service residential real estate firm specializing in multifamily leasing, home sales and third-party developer services. Cross Street launched in early 2024, evolving from Peak Realty, which was originally founded in 2019. Today, the firm has offices in Chicago, Denver and Cleveland, with exclusive listings for 12,000-plus rental units across more than 200 properties. As a brand situated at The Corner of People and Place, the company brings a relationship-first approach to connecting people with the spaces they call home. Cross Street s team of more than 40 licensed brokers and leasing agents maintains close relationships with clients ranging from renters and homebuyers to the developers and owners of mid- and high-rise apartment communities. Through high-impact brands, data-driven development and marketing strategies and best-in-class residential services, the firm delivers value through superior property performance. For more information, please visit yourcrossstreet.com https://www.multifamilybiz.com/pressreleases/18501/cross_street_begins_leasing_at_124unit_westline_ap... Thu, 30 Apr 2026 09:57:00 GMT 14181f82-ba01-4a3b-b651-0bc0b9e82d7a ARLINGTON, TX - LyvWell at Harmony in Arlington recently welcomed its first residents as the community opened its initial 16 homes – with new units to follow in the coming months –marking the launch of the 213‑home, build‑to‑rent neighborhood designed to deliver single-family comfort, privacy and wellness‑oriented living in one of the North Texas fastest‑growing residential areas. Construction on the neighborhood started in 2024 and is expected to be complete by early next year with another 27 units opening in April. The community has been designed around LyvWell s wellness-driven philosophy, and Lyvwell Communities has achieved Fitwel® certification for the community as a demonstration of the development s health-forward approach. This first phase of resident move-ins represents the true beginning of the LyvWell at Harmony neighborhood, said Lyvwell Communities CEO Mike Bednarski. Our goal has always been to create a place where individuals and families can enjoy the space, privacy and benefits of a single-family lifestyle while remaining connected to a supportive, wellness-focused community. LyvWell at Harmony is located within Mansfield ISD—one of the region s top-rated school districts. Lyvwell s townhomes include attached two-car garages, spacious floorplans, neighborhood-like layout and wellness features, such as blackout shades, smart temperature controls, filtered water access, low VOC (Volatile Organic Compound) materials and outdoor amenities for active lifestyles. The neighborhood s eight floorplans range from two to four bedrooms, allowing residents to choose the living arrangement that best suits their lifestyle. The townhomes also feature private driveways and offer the privacy and convenience of a single-family home. The neighborhood has been built to meet the region s growing demand for high-quality rental housing that combines single-family living with leasing flexibility. Our design and operational choices are centered on enhancing residents overall wellbeing, Bednarski said. Every aspect of LyvWell at Harmony is intentional. We want residents to feel at home from day one. LyvWell at Harmony offers residents easy access to Lloyd Park, Joe Pool Lake and major transportation corridors like Highway 360, I‑20 and I‑30. The location also provides a rare opportunity to deliver a purpose-built rental neighborhood in an area traditionally dominated by for-sale homes. Build-to-Rent, or BTR, communities like Lyvwell at Harmony feature professionally managed, single-family homes or townhomes intended solely for leasing, rather than sale. Unlike traditional, high-density, vertical multifamily, BTR offers low-density, horizontal and detached or semi-detached units. For more information, visit www. lyvwellatharmony.com About LyvWell at Harmony: LyvWell at Harmony is a community of two-, three- and four-bedroom townhomes in Arlington, TX, intentionally crafted to support a healthy, happy and holistic way of living. Every detail of the community is designed to create a lifestyle that feels personal, effortless, and deeply restorative. About Lyvwell Communities: At LyvWell Communities, development goes beyond home design and square footage. Our communities are thoughtfully curated to emphasize wellness by creating an environment that supports a healthy lifestyle. https://www.multifamilybiz.com/pressreleases/18500/first_residents_move_into_213home_lyvwell_at_harmo... Thu, 30 Apr 2026 09:30:00 GMT 06963807-af68-4a0f-820d-da7bdfb43d85 NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided a $215,500,000 FHA 242 GNMA financing for Care New England Health System ( CNE ), a leading healthcare provider headquartered in Providence, Rhode Island. CNE was advised by Cornerstone Health Advisors LLC and the transaction was originated by Greystone Managing Director Brett Southworth. CNE operates a three-hospital system totaling 749 beds across the state of Rhode Island. Loan proceeds will be used to refinance CNE s existing Series 2016B & C bonds and fund renovations and new construction projects—including ambulatory facilities at Kent Hospital and renovations at Women & Infants Hospital. The transaction is one of the largest FHA 242 loans in the program and features a first-of-its-kind co-borrower structure designed to preserve CNE s existing obligated group, similar to structures commonly used in traditional markets. We are thrilled that we were able to execute a financing that will help further the growth of Care New England, said Mr. Southworth. This transaction underscores Greystone s leadership in healthcare finance and our ability to deliver innovative capital solutions in complex market environments. The HUD structure was perfect for our needs. In traditional markets, CNE was a sub-investment grade credit. HUD insurance allowed CNE to refinance its outstanding debt and access substantial new money that would be expensive in traditional markets, but affordable with HUD insurance. This loan will expand care in Rhode Island and improve our capital structure. We are grateful for the support of our dedicated Board, and the teams at HUD, Cornerstone, and Greystone, said Todd Conklin, Executive Vice President & CEO of Care New England Health System. About Greystone: Greystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac lender in these sectors. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. For more information, visit www.greystone.com https://www.multifamilybiz.com/pressreleases/18504/greystone_provides_2155_million_in_hud_financing_f... Wed, 29 Apr 2026 09:45:00 GMT 3fd3c338-5326-4f59-bf60-d165aa7db75b NEW YORK, NY - Adam America Real Estate, a leading development and investment firm focused on the living sector, today announced the appointment of David Brickman as Chief Executive Officer. In this role, Brickman will lead the firm s long-term growth strategy and oversee execution across its investment and development platform, spanning student housing, multifamily, condominium, and build-to-rent projects nationwide. Brickman brings more than two decades of real estate experience, including a track record of partnering and transacting with some of the world s largest and most respected institutional investors. Over the course of his career, he has developed more than five million square feet of mixed-use and residential projects across major U.S. markets and has played a key role in capital formation, structuring joint ventures, and executing complex, large-scale transactions. He previously held senior leadership roles at Onex Real Estate Partners and Skyview Companies. He earned a Master of Science in Real Estate Finance and Investment from New York University s Schack Institute of Real Estate and a Bachelor of Arts in Economics from Brandeis University. Brickman s appointment marks a pivotal moment for Adam America as the firm accelerates the growth of its platform, expands its presence in high-growth markets, and continues to deepen its relationships with institutional capital partners. The firm s portfolio spans student housing, multifamily, condominium, and build-to-rent projects across New York, Connecticut, Florida, and Texas. As a vertically integrated owner, developer, and operator, Adam America has developed more than 5,750 residential units, with an additional 1,600 units in its pipeline—representing over $4.2 billion in total asset value. David is a dynamic and highly respected leader who brings a unique combination of institutional investment expertise and hands-on development experience, said Omri Sachs, Co-Founder of Adam America Real Estate. The combination of Adam America s entrepreneurial, vertically integrated platform and David s institutional approach to investing positions the firm to scale strategically and expand nationally. Adam America has established an impressive track record as an entrepreneurial, design-driven platform with deep development expertise, said Brickman. I look forward to building on the firm s success by expanding relationships with existing and new capital partners, growing in high-demand living sectors, and continuing to deliver high-quality communities that generate risk-adjusted returns. Adam America continues to build on its strong track record, and over the past six months, has successfully achieved the following: Completed the $54 million sale of two multifamily properties located at 595 and 577 Baltic Street in Brooklyn to Hubb NYC Completed the $50 million sale of Havens at Central Park, a build-to-rent community in Port St. Lucie, Florida, to Acre Management Acquired development site in West Campus adjacent to the University of Texas at Austin and commenced design of a $200 million student housing tower Achieved strong condominium sales momentum across key New York assets, totaling approximately $67 million sold or in contract Executed a $109 million recapitalization of 409 Eastern Parkway, a luxury multifamily building in Crown Heights, with GO Residential Real Estate Investment Trust Completed multiple retail condominium transactions within Adam America s New York City residential developments, generating more than $13 million The firm s pipeline reflects sustained demand across its target sectors, reinforcing its position as a leading developer of innovative residential communities nationwide. About Adam America Real Estate: Founded in New York City, Adam America Real Estate has grown into one of the most active and trusted developers in the living sector, with more than 40 renovation and ground-up development projects launched since 2009. The firm s portfolio spans multifamily, condominium, student housing, and build-to-rent communities, each defined by a commitment to design excellence and resident-focused living. As a vertically integrated owner, developer, and operator, Adam America has developed more than 5,750 residential units, with an additional 1,600 units in its pipeline—representing over $4.2 billion in total asset value. For more information, visit www.adamamerica.com https://www.multifamilybiz.com/pressreleases/18498/adam_america_real_estate_names_david_brickman_chie... Wed, 29 Apr 2026 09:22:00 GMT 3247fb58-d80b-49d2-b01a-825a8ac6a2a2 SUNNY ISLES BEACH, FL - Dwight Capital and its affiliate REIT, Dwight Mortgage Trust ( DMT ), closed $425.7 million in real estate transactions in March. Among the month's closings were a $72 million bridge loan provided by DMT for Sereno, a newly built 235-unit luxury apartment development in Sunrise, Florida. Loan proceeds were used to repay construction financing, cover transaction costs, establish an interest reserve, and retire existing construction debt. The transaction was originated by David Scheer, Alex Izso, and Evan Fromen on behalf of the borrower, LUXCOM, which was recently named Builder of the Year by the Builders Association of South Florida. Dwight Capital also financed a $27 million HUD 241(a) new construction loan for La Ventana at Canyon West Phase II, located in Lubbock, TX. The 104-unit upscale market-rate development will be situated on a 4.24-acre site adjacent to the existing Phase I community, creating a single 292-unit property. The loan includes 18 months of interest-only payments followed by a 40-year fully amortizing term. The transaction was originated by Brandon Baksh and Tommy Ng on behalf of Martin Inderman Development, a repeat Dwight Capital client. Dwight Capital provided a $23 million cash-out HUD 223(f) refinance loan for Berkshire Crossing, a 92-unit garden-style apartment community in Hanford, CA. The 35-year fully amortizing loan paid off existing debt on the property and returned equity to the borrower. Keith Hoffman and Aaron Kirshtein originated the transaction on behalf of the borrowers, Fresno Supreme, Inc. and Santa Lucia Ventures. Keith Hoffman said, We successfully closed this HUD refinance in just over six months, all while navigating two government shutdowns. This is a testament to the quality of the property our clients developed, the exceptional underwriting and closing execution by the Dwight Capital team, and our strong relationship with the San Francisco HUD office. Over the past five years, Dwight Capital has originated the majority of all HUD refinances in the greater Fresno MSA. It has become a highly successful market for our team, and we look forward to many more opportunities ahead. About Dwight Capital: Dwight Capital LLC is a leading commercial real estate finance company in the United States, with a loan servicing portfolio exceeding $15 billion across all affiliates. Our services encompass a wide range of commercial lending options, including Balance-Sheet Bridge & New Construction Loans, FHA/HUD-Insured Loans, C-PACE Financing, Mezzanine Financing, and Preferred Equity. For more information about Dwight Capital, please visit: www.dwightcapital.com About Dwight Mortgage Trust: Dwight Mortgage Trust LLC ( DMT or the Fund ) is an actively managed real estate investment trust specializing in the origination and financing of commercial mortgages across a range of real estate asset classes. DMT works in conjunction with affiliate firm Dwight Capital to source and evaluate lending opportunities nationwide. The Fund partners with experienced sponsors on projects in major markets, focusing on investments with a clearly defined exit strategy. For more information about Dwight Mortgage Trust, please visit: www.dwightmortgagetrust.com https://www.multifamilybiz.com/pressreleases/18508/dwight_capital_and_dwight_mortgage_trust_provide_f... Tue, 28 Apr 2026 09:42:00 GMT 6d141cef-7fa8-454f-b7fa-f59706df16e1 CHICAGO, IL - Chicago-based Draper and Kramer, Incorporated, a national full-service real estate firm, is pleased to announce it was named a Top Employer and recognized as one of the top 10 medium-sized property management companies by the National Apartment Association s 2026 Top Employers Awards. The annual award program honors member organizations that foster environments that promote collaboration, innovation and hard work, based on employee sentiment measured through anonymous survey. Positive employee feedback is one of our most important benchmarks for success as a company, since we know the satisfaction of our team members trickles down to directly impact everything we do – from the level of service we deliver for our residents and other stakeholders to our ability to attract and retain top talent, said Christine Ramsey, chief administrative officer with Draper and Kramer. We especially value being named a Top Employer by the National Apartment Association because it acknowledges all we ve done to create a workplace where our staff feel valued and gives us a point of reference for how we re doing as compared to our peer companies. Ramsey noted key themes revealed by the employee survey results include an appreciation for Draper and Kramer s family-like culture and the support team members feel in their daily work and career development. We re a family-owned firm, so ensuring our team members have a sense of belonging and ownership has always been a foundational element of our culture, said Ramsey. Likewise, we ve always encouraged not only mentorship among our employees, but also development and training opportunities that help our people grow as leaders at Draper and Kramer as well as in this industry. Draper and Kramer currently employees a team of more than 228 in its management division, including corporate staff and site-level teams across properties in Chicago, St. Louis, Denver, Phoenix, Austin and Dallas/Ft. Worth. About Draper & Kramer: Founded in 1893, Draper and Kramer, Incorporated is a trusted financial and property services provider with a deep commitment to people, excellence, service and integrity spanning more than 130 years. Family-owned and one of the leading privately held real estate services firms in the U.S., Draper and Kramer is headquartered in Chicago with a national reach and broad offering of services. The company s decades-long heritage has evolved over the years and today spans expertise in residential and commercial development, acquisition, property management and leasing; and debt and equity financing for commercial properties. Draper and Kramer provides a single source of real estate-related counsel to a diverse group of real estate investors across the U.S., including corporations; private and institutional owners and users of real estate; government agencies; and foundations. For more information, visit www.draperandkramer.com https://www.multifamilybiz.com/pressreleases/18494/draper_and_kramer_recognized_as_top_10_midsize_pro... Tue, 28 Apr 2026 09:17:00 GMT c4c848eb-d7ca-43cf-9779-7863ed19d34b THE COLONY, TX - JPI, a premier developer of multifamily communities, today announced the groundbreaking of Jefferson Grandscape II, a 5-story, 277-unit Class A+ wrap community located at 5500 Nebraska Furniture Mart Dr. in The Colony, Texas. Financed in partnership with Nebraska Furniture Mart, with lending support from QuadReal, the $77,837,000 multifamily project will bring new housing options to the region in January 2028. After the success of our first phase, we re thrilled to return to Grandscape, where great restaurants, shops, and entertainment come together to create a lifestyle people actually want, said Mollie Fadule, chief financial and investment officer at JPI. This project marks our 124th development in DFW, raising our total number of regional housing units to 44,714. It will also be JPI s first development connected to an existing parking garage, providing residents with convenient, covered access while maximizing efficiency for the overall site. Designed with a modern masonry façade, the new apartment community will feature 11 studios, 172 one-bedroom apartments, 86 two-bedroom apartments and 8 three-bedroom apartments. All 277 units will offer premium home features, including smart home devices, pendant lighting, wood-style flooring and blinds, granite countertops with ceramic tile backsplash, stainless steel kitchen appliances and spacious closets. Select units will also provide mud rooms, walk-in pantries, separate showers and dual vanities, private patios and balconies, and den/flex space. Across the community, luxurious amenities, such as a sky-lounge with an outdoor terrace, courtyards with fire pits, and a resort-style pool with loungers and sundecks, will create abundant opportunities for social connection, wellness and enhanced living experiences. The community s residents will also have convenient access to a wide variety of dining and entertainment options at Grandscape, as well as easy travel via the Sam Rayburn Tollway. For more information and ongoing project updates, visit www.jpi.com/insights About JPI: JPI is a leading developer dedicated to transforming buildings, enhancing communities, and improving lives. With a commitment to excellence and innovation, JPI delivers Class A multifamily housing that exceeds expectations and fosters vibrant neighborhoods. By focusing on sustainable development and strategic partnerships, JPI continues to shape the future of community living while positively impacting communities nationwide. For more information about JPI and its portfolio of projects, please visit JPI.com. https://www.multifamilybiz.com/pressreleases/18493/jpi_announces_groundbreaking_on_277unit_jefferson_... Mon, 27 Apr 2026 09:05:00 GMT dec46bc5-b4b4-414a-9766-be887af34fef CHICAGO, IL - Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the $7.34 million sale of 1755 N. Damen Ave., a 13-unit mixed-use building adjacent to The 606 trail in Chicago s Bucktown neighborhood. The deal marks the highest sale price of any multifamily or mixed-use asset in the submarket in over two years, per CoStar data. Interra Senior Managing Partner Joe Smazal and Director Mark Dykstra represented the buyer, Stocking Urban, LLC, led by Nicholas Stocking. Smazal and Dykstra also represented the confidential seller in the off-market deal. All residential units were fully occupied at the time of sale. Chicago s multifamily sector continues to attract significant investor interest, supported by resilient fundamentals that set it apart from most other markets, said Smazal. In particular, we are seeing strong demand for mixed-use properties in transit-served locations where renters prioritize walkability and an amenity-rich lifestyle. The visibility of this asset along The 606 and Bucktown s primary retail corridor only added to its desirability, added Smazal. The property features three two-bedroom, five three-bedroom and two four-bedroom layouts. The luxury loft apartments include kitchens with Italian flat-panel cabinetry, quartz countertops and stainless steel appliances. In addition to the residential units, the building includes three commercial spaces, two of which were occupied at the time of sale to a bridal shop and a health and wellness center. Stocking Urban plans to make light cosmetic updates to the commercial spaces and lease the one vacant storefront. 1755 N. Damen is steps from some of Bucktown and Wicker Park s most popular retail, restaurant, nightlife and hospitality offerings surrounding the six-corner intersection of North, Damen and Milwaukee avenues. The area is served by the CTA s Damen Blue Line station and several CTA bus routes, with easy access to the Kennedy Expressway. About Interra Realty: Founded in 2010, Interra Realty is a Chicago-based commercial real estate services firm that delivers integrated, tailored solutions through its boutique, client-focused approach and team of experienced professionals. Since its inception, the firm has closed thousands of transactions valued in excess of $2 billion spanning the multifamily, office and retail sectors, as well as loan sales. Interra s clients range from private investors and high-net-worth individuals to large financial institutions, private equity groups and hedge funds. For more information, visit www.interrarealty.com https://www.multifamilybiz.com/pressreleases/18490/interra_realty_brokers_734_million_sale_of_mixedus... Fri, 24 Apr 2026 10:18:00 GMT 58ccb421-152c-4d77-99b7-a378145afd37 CHICAGO, IL - BKV Group, a holistic, multidisciplinary design firm, announces the completion of The Continental Residences, a 290-unit rental high-rise from developer Weston Urban in downtown San Antonio. BKV was the architect of record for the project, its first in the San Antonio market, which places a 16-story building between the historic Continental Hotel, Arana Building and De La Garza House on the 1.9-acre Continental Block along San Pedro Creek, within the Zona Cultural district. The design of The Continental Residences weaves this property into the fabric of the neighborhood in a very literal way, with the building situated so it is flanked on three sides by historic structures that, through their own separate redevelopment, remain vibrant parts of this community, said Shaney Mullen, senior design leader and development managing partner with BKV Group. We re proud to contribute to the ongoing revitalization of this area with our first project in the San Antonio market, which not only celebrates the neighborhood s heritage, but will also further enliven the surrounding community as an appealing new residential offering. Located at 110 S. Laredo St., the 400,600-square-foot project is part of continued growth and redevelopment happening on downtown San Antonio s West Side. BKV Group designed The Continental Residences with sensitivity to the surrounding neighborhood. A brick podium with articulated detailing referencing traditional patterns found in San Antonio conceals the garage, while the residential levels above feature a combination of brick and stucco to complement the color palettes of both adjacent historic buildings. The front facade steps down to the main entrance and commercial space at Laredo and Dolorosa streets to fit within the scale of the neighborhood. On its east side, the building carries units down to ground level, with some units featuring private patios overlooking the San Pedro Creek Culture Park, a historic waterway recently revitalized into a vibrant 2-mile linear park with public art and history displays. BKV Group also designed the interiors and amenity spaces for The Continental Residences. The building offers studio, one- and two-bedroom apartments, including a selection of two-story townhomes. A sixth-floor amenity suite features a clubroom, coworking space, indoor/outdoor fitness center and outdoor pool deck with lounge areas and an outdoor kitchen. On the 16th floor, a sky lounge offers panoramic views of the surrounding neighborhood, nearby historic buildings and downtown San Antonio. Rogers-O'Brien Construction was the general contractor for The Continental Residences and Kairoi Residential is the property manager. Leasing and first move-ins are now underway. About BKV Group: For more than 45 years, BKV Group has designed and delivered community-enhancing, award-winning projects across a multitude of sectors including market-rate multifamily, student living, senior housing, affordable housing, government and federal, education and library, corporate and commercial, hospitality and mixed-use. Throughout BKV s history, the firm has grown from a sole proprietorship into a diverse partnership with practice sites in Chicago, Dallas, Minneapolis, Washington, D.C., and multiple cities in Vietnam. The firm s holistic approach encompasses a variety of services including architecture; interior design; landscape architecture; mechanical, electrical, and structural engineering; construction administration; planning and pre-development, and branding. This integrated methodology ensures streamlined communication between disciplines to find the best design solutions under budget and time constraints while removing redundancies in the process and enhancing the design and function of each project. For more information, visit bkvgroup.com https://www.multifamilybiz.com/pressreleases/18489/bkv_groupdesigned_290unit_the_continental_residenc... Thu, 23 Apr 2026 09:59:00 GMT d7cae76b-dfdd-4a6d-ad55-b1a71f26a08c