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From Manhattan to Miami, and back? The new geography of multifamily investment

by Desi Co | Feb 23, 2026

During the COVID-19 pandemic, millions of Americans relocated from the crowded North to the warmer, more spacious South. Remote work and rising urban housing costs drew renters and investment toward high-growth Sun Belt markets, nowhere more clearly than Florida, which became a symbol of this shift.

Terreno Realty Corp. acquires property in Queens, N.Y., for $92m

by RELEASED | Feb 23, 2026

Terreno Realty Corp., an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property located in College Point, Queens, N.Y., on Feb. 18, for a purchase price of approximately $92 million.

Berkadia arranges $353m structured capital solution for hotel portfolio acquisition

by RELEASED | Feb 20, 2026

Berkadia has arranged a highly structured $353 million capital solution on behalf of Kemmons Wilson Hospitality Partners and Ascendant Capital Partners in connection with the acquisition and privatization of Sotherly Hotels, a publicly traded hotel company that owns a portfolio of ten assets across the Southeastern United States.

PGIM appoints Charlotte Taylor and Ed Rieger to senior business development roles

by RELEASED | Feb 20, 2026

PGIM’s Institutional Client Group has appointed Charlotte Taylor and Ed Rieger to leadership roles in support of its real estate business development initiatives, strengthening the firm’s institutional coverage and distribution capabilities across private real estate and broader private markets.

Step Up Housing acquires 272-residence Hancock Terrace in Santa Maria, Calif.

by RELEASED | Feb 20, 2026

Sack Capital Partners, a San Francisco–based real estate investment and management firm with multifamily properties throughout the West Coast, and Align Finance Partners, specialists in affordable housing finance, announced the close of structured financing on Step Up Housing’s $75 million acquisition of Hancock Terrace located at 534 E. Boone St. in Santa Maria, Calif.
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