10Y UST4.98%-1.39%30Y MTG7.24%-1.09%SOFR3.94%VNQ$93.94+0.07%XLRE$43.17+0.26%FED FUNDS3.88%
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The Registry · Multifamily

Tesseract Capital Group Sells 100-Unit Modesto Apartments for $26.6MM

Via The Registry · September 16, 2026
Compiled by Real Estate Trail Editorial · September 16, 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. 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 The Registry:
An assumable HUD loan carrying a 3.8 percent rate helped drive a Southern California buyer to pay a Central Valley premium for The Marc at 1600, even as regional multifamily transaction volume has slowed to a fraction…
Read the full article at The Registry →

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