Former EQR exec Robert Garechana joins Sun Communities as CFO
Why this matters
Multifamily has been the most actively underwritten sector through the rate cycle, with cap rate compression resuming in Sun Belt and gateway markets as 2024-2025 deliveries roll off and refinance demand on 2021-vintage bridge loans clears. Transaction velocity is up modestly, concentrated in stabilized Class A and grocery-adjacent garden assets. Allocators continue to favor residential for its income durability and its insulation from secular demand questions that still hang over commercial sectors.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- Disclosed multifamily deal value tracked in August 2026: $15.7B across 144 reported transactions. All Multifamily coverage →
Computed from Real Estate Trail’s own tracked coverage
The REIT’s former chief investment officer joins the manufactured housing and recreational vehicle communities firm after more than 20 years at Equity Residential.
External link. Real Estate Trail does not republish source content.
Related coverage — Multifamily
Stratford Partners JV Buys San Diego-Area Apartments for $34M
A joint venture between Stratford Partners and LLJ has acquired a 189-unit apartment complex in northern San Diego County. The joint venture put down $33.6 million for Pacifica Palms Apartments at 1861 East Washington…
San Jose apartment complex sells for $122M as rents climb
Torrington Plans Residential Conversion of Danvers Residence Inn
JLL Capital Markets arranged the $13.5-million sale and financing of the 96-room Residence Inn Boston North Shore/Danvers, an extended-stay hotel with approved conversion rights to an 88-unit multifamily residential c…
Bonaventure Breaks Ground on $93M Development in Virginia
Bonaventure, a Virginia-based, operator-led multifamily real estate investment management firm, announced the groundbreaking of Attain at Swift Creek, a 344-unit multifamily community at 6805 Greenyard Road in Chester…
Waterton Acquires Rental Community in Downtown Seattle
Waterton has acquired Arrivé, a 344-unit high-rise apartment community in Seattle’s Belltown neighborhood. The acquisition includes the residential portion of the building, located on floors 11-42 above a hotel proper…