One proposal would permit a proposed seven-story apartment complex in the Westwood neighborhood just north of Willow Lawn and Scott’s Addition. The area's high school, Tucker, is currently overcapacity, but Henrico Schools staff noted that approved boun

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 October 2026: $5B across 58 reported transactions. All Multifamily coverage →

Computed from Real Estate Trail’s own tracked coverage

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