Onyx+East Opens 23-Unit Build-to-Rent Community in Columbus, Ohio
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. Vail land basis continues to clear at new highs in the village and adjacent submarkets. Luxury hospitality remains supply-constrained and tightly held. Allocators continue to favor residential for its income durability and its insulation from secular demand questions that still hang over commercial sectors.
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On the RET wire
- Disclosed multifamily deal value tracked in September 2026: $11.6B across 138 reported transactions. All Multifamily coverage →
Computed from Real Estate Trail’s own tracked coverage
COLUMBUS, OHIO — Onyx+East has opened Haven, a 23-unit build-to-rent community in the Upper Arlington area of Columbus. Five homes are available for immediate move-in, with an additional home expected this month. The…
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