New apartment complex on track, developer says
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: $16.3B across 159 reported transactions. All Multifamily coverage →
Computed from Real Estate Trail’s own tracked coverage
External link. Real Estate Trail does not republish source content.
Related coverage — Multifamily
Greenstone Partners Brokers Two Chicago Multifamily Transactions
Greens t one Partners closed two multifamily transactions totaling $3.27 million across Chicago’s Wicker Park and Bridgeport neighborhoods. The transactions were facilitated by Greenstone Partners Partner Jordan Multa…
CedarSt Lands $80M for San Diego Multifamily Project
CedarSt Companies has secured $80 million in construction financing for a 197-unit apartment development in San Diego’s North Park neighborhood. CrossHarbor Capital Partners provided the three-year, floating-rate stre…
1,068-Unit Philly Apartment Complex Hits The Market
CBRE Brokers Sale of Vintage Redlands Apartments
CBRE announced the closing of The Kimberly Apartments, a 54-unit multifamily investment at 475 E Cypress Avenue in Redlands, California. Sirott Investments is listed as the owner. Eric Chen and Blake Torgerson exclusi…
Torrance Apartments Trade for $350K/Unit
CBRE facilitated the $21 million sale of Tournament Patio Apartments, a 60-unit multifamily community located at 4111 West 239th Street in Torrance, California. That comes out to $350,000 per unit. CBRE’s Derrek Ostrz…
JPI Adding 397 Apartments to City North Development
JPI is planning a 397-unit apartment complex at City North, the 100-acre master planned community near TSMC in North Phoenix. CityNorth is the fourth phase of multifamily at the mixed-use development. In addition to r…