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The loan supports the 453-unit phase of the development.

Castlelake said the collaboration will provide easier access to "attractive pricing."

All the properties are located in the Sunbelt region.

A bill proposes a $5 per square foot levy on a property vacant for at least 182 days.

Buyer and seller sentiment improved for core and value-add assets.

Nationwide, apartment supply has peaked across most markets.

The sector is entering a new cycle marked by selective investment, stabilizing rents, and regional divergence.

“We’re just seeing extraordinary demand for it."