The Hekemian Group Scores $45M Recap From RXR, North Carolina Investment Authority
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: $988.7M across 17 reported transactions. All Multifamily coverage →
- 5 stories mentioning RXR on the wire in the past 90 days. RXR coverage →
Computed from Real Estate Trail’s own tracked coverage
The Hekemian Group has secured a $45 million loan to recapitalize District Montvale , a 308-unit multifamily property that opened in 2022 and is part of the larger DePiero Farm master development in Montvale, N.J., Co…
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