10Y UST5.17%-0.19%30Y MTG7.03%+1.15%SOFR3.90%VNQ$90.38-0.23%XLRE$41.26-0.22%FED FUNDS3.88%
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Commercial Observer · Miami · Multifamily

Related Affiliate Nabs $167M From Greystone to Build Miami Resi Towers

Via Commercial Observer · September 29, 2026
Compiled by Real Estate Trail Editorial · September 29, 2026

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. Miami continues to absorb foreign capital and high-net-worth domestic migration. Brickell and Edgewater multifamily cap rates have led the recent compression, and hospitality continues to clear at premium basis on the back of constrained supply. 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

Computed from Real Estate Trail’s own tracked coverage

Excerpt from Commercial Observer:
Related Urban Development Group has sealed $167 million in construction financing through Greystone ’s affordable housing lending platform to build a two-tower multifamily project in Miami, Commercial Observer has lea…
Read the full article at Commercial Observer →

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