Portsmouth, Marcus Purchase 326-Unit Multifamily Community in Raleigh
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: $4.5B across 54 reported transactions. All Multifamily coverage →
Computed from Real Estate Trail’s own tracked coverage
RALEIGH, N.C. — A partnership between Portsmouth Real Estate Partners and Marcus Partners has purchased Vine North Hills, a 326-unit multifamily community located at 500 St. Albans Drive in Raleigh. The seller and sal…
External link. Real Estate Trail does not republish source content.
Related coverage — Multifamily
Commercial Real Estate’s Great Capital Stack Reset
The commercial real estate industry has spent the last two years focused on the debt maturity wall . The numbers are significant. Hundreds of billions of dollars in commercial and multifamily loans are scheduled to ma…
Thompson Thrift Inks Bridge Financing on 6 Florida Rental Assets
JLL’s Capital Markets group arranged $463 million in bridge financing for Thompson Thrift’s eight-property multifamily portfolio. 6 of the 8 properties are in Florida. JLL secured the floating-rate constru…
RangeWater, NSKRE Break Ground on 274-Unit Apartment Development at Lulah Hills in Decatur, Georgia
DECATUR, GA. — RangeWater Real Estate and Nippon Steel Kowa Real Estate Co. (NSKRE) have broken ground on Ellory House, a 274-unit apartment community at Lulah Hills, a 78-acre mixed-use development underway in Decatu…
Walker & Dunlop Arranges $203M Construction Loan for Manhattan Multifamily Project
NEW YORK CITY — Walker & Dunlop has arranged a $203 million construction loan for 50 Third Avenue, a 184-unit multifamily project that will be located in Manhattan’s East Village. The 17-story building will include 37…
Cadence Real Estate Advisors Buys 132-Unit Apartment Property in Seattle
SEATTLE — Cadence Real Estate Advisors has acquired The Court at Northgate, a multifamily community located in the Pinehurst neighborhood of Seattle. A private seller group sold the asset for an undisclosed price. Bui…
Berkadia Arranges Sale of 228-Unit Multifamily Property Near Madison, Wisconsin
SUN PRAIRIE, WIS. — Berkadia has arranged the sale of Aster at Sun Prairie, a 228-unit multifamily property formerly known as Springs at Sun Prairie. Pete Evans and Richard Evans of Berkadia represented the seller, Me…