Assistant Community Manager

RPM Living buys Chicago apartment building for $99Mln. The Real Deal RPM Living has paid $99 million, or $443,946/unit, for One Six Six, a 223-unit apartment property in Chicago. The Austin, Texas, apartment investor purchased the property from its September 9, 2026 SL Green Realty Corp has struck a deal to sell the 223,600-square-foot office building at 110 Greene St in Manhattan's SoHo neighborhood for $226 million, or nearly $1,011/sf, to Natora Group The New York REIT put the 13-story building,... September 9, 2026 Puget Sound Business Journal Timberlane Partners has paid $37 million, or $406,593/unit, for Vista Ridge, a 91-unit apartment property in the Seattle suburb of Issaquah, Wash The Seattle investment firm acquired the property from an affiliate of... September 9, 2026 Atlanta Business Chronicle Children's Healthcare of Atlanta has paid $685 million for the three-building Peachtree Dunwoody Pavilion office complex in Atlanta's Sandy Spring area The healthcare system acquired the roughly 18-acre... September 9, 2026 The Real Deal Mann Group has paid $1225 million, or $850,694/unit, for the 144-unit Casa Hope apartment property in the Williamsburg neighborhood of Brooklyn, NY The New York real estate firm acquired the property from Clipper Equity of Brooklyn in... September 8, 2026 Tampa Bay Business Journal CenterSquare Investment Management has paid $2875 million, or $65341/sf, for the Hub at Bexley, a 44,000-square-foot retail property in Land O' Lakes, Fla, about 22 miles north of downtown Tampa, Fla The... September 8, 2026 Philadelphia Business Journal The City of Philadelphia Department of Aviation has paid $42 million, or $9524/sf, for a 441,000-square-foot office building at 8800 Tinicum Blvd in Philadelphia The government agency, which operates the city's... September 8, 2026 The Real Deal KKR Real Estate has paid $3465 million, or $544,811/unit, for Lynhaven, a 636-unit apartment property in San Jose, Calif The seller was not immediately known Lynhaven, at 919 South Winchester Blvd, was built in 2020 and has one-, two-,... September 8, 2026 A venture of Rockpoint and Newbond Holdings has paid $471 million, or $334,043/room, for the 141-room Hotel Maren Fort Lauderdale, Curio Collection by Hilton The venture bought the five-year-old property, which sits on a waterfront parcel at 525... September 4, 2026 Atlanta Business Chronicle Link Logistics has paid $4225 million, or $18327/sf, for a 230,530-square-foot industrial building at 460 Horizon Drive in Suwanee, Ga, a suburb of Atlanta The industrial investment arm of Blackstone purchased the property... Recent. September 9, 2026 * Transactions * CMBS * Exec Changes September 9, 2026

Greystar offloads Elan Yorktown apartments for $99M as adjacent mall faces foreclosure. Venture of RPM Living and New York Life still confident in market fundamentals Not long after a suburban Chicago mall makeover hit stumbling blocks, Greystar offloaded a nearby apartment complex for $99 million. Charleston, South Carolina-based Greystar sold the 295-unit Elan Yorktown in Lombard to a venture of RPM Living and New York Life in a deal that closed last week and comes out to about $335,000 per unit, records show. The venture's purchase was supported by a $63.4 million mortgage from JPMorgan, mortgage records show. Greystar developed the property between 2017 and 2018 after spending about $1.6 million on the initial land acquisition and taking out a $56.5 million loan from CIBC. It's unclear what the company's total investment in the development was but the company last refinanced the property for $68 million with Acre. Representatives of RPM did not respond to requests for comment and representatives of Greystar declined to comment. The apartment building is next to the Yorktown Center Mall which is at the center of a $200 million redevelopment effort led by Los Angeles-based Pacific Retail Capital Partners. But Pacific Retail last month defaulted on a $107 million debt package secured by the mall after failing to repay the loan at its June 2026 maturity date. The default came just after Pacific Retail completed the first phase of the $200 million redevelopment plan. That phase included the addition of a public plaza and park, along with a separate 276-apartment building known as Reserve at Yorktown developed by project partner, Synergy Construction. The shopping mall's valuation has cratered since the loan was originated in 2014. An October 2024 appraisal valued the 787,000-square-foot mall at $60.4 million. That's a 75 percent decline from its $242.7 million valuation when CCRE Lending, a venture backed by U.S. Commerce Secretary Howard Lutnick's firm Cantor Fitzgerald, first made the loan in 2014. Cash flow began to unravel following the closures of Sports Authority in 2016 and Carson's in 2018, and then had its issues exacerbated by state-ordered retail shutdowns during the pandemic in 2020. KeyBank granted multiple maturity extensions over the past eight years, including a modification in August 2025 that pushed the loan's final deadline to June 2026. Still, multifamily properties have been outperforming other types of properties surrounding the mall. Torchlight Investors' Cityview at Highlands apartment complex hit a rough patch when interest rates started to rise in 2022, but has since stabilized, MorningStar data shows. Also nearby, MorningStar notes that the Haven at Highland owned by New York-based Churchwick Partners, boasted a strong performance with 94 percent occupancy as of last year and a debt-coverage-service-ratio over 1.5, meaning that the properties' net operating income is 150 percent higher than its debt service costs. Meanwhile, an adjacent office complex faced a drop-off in demand after the pandemic. In May, Bruce Stern's Red River Asset Management and Lincoln Property Company were hit with a foreclosure lawsuit over their 174,000-square-foot office building at 701 East 22nd Street after defaulting on a $15.2 million loan. RPM and New York Life are likely playing the long game as the Chicago suburbs' multifamily market continues to take off. Total multifamily sales volume in the suburbs increased by more than 67 percent year over year in the second quarter of 2026, a recent report from local brokerage Interra Realty found. RPM has been an active buyer in and around Chicago. In March, the firm bought the 294-unit Orland Ridge build-to-rent community in Orland Park for $102 million. And in July, RPM bought the SoNo East Apartments for $125.2 million in Lincoln Park from the New Jersey-based asset-management arm of Prudential Financial.