The apartment deal market got off to a sluggish start in 2026, with sales falling 25% year over year in January, according MSCI. However, the first few days of March show that volume could be picking up in a hurry.
Along with Hamilton Zanze’s recent acquisition of City Limits, a 254-unit garden-style community in Columbia, Tennessee, three other major multifamily players have announced deals this week. Here is a rundown.
Morgan Properties expands in Georgia
Morgan Properties, the nation’s second-largest apartment owner, purchased the 10-building, 260-unit Corwyn South Point Apartments in McDonough, Georgia, from ECI Group, which developed, leased and managed the asset, according to a press release. The deal closed on March 3. Terms were not disclosed.
The Corwyn South Point, which features one-, two- and three-bedroom apartments, offers access to shopping, dining and entertainment destinations. Amenities include a 2,000-square-foot clubhouse with a kitchen, a fitness center with a dedicated yoga/spin room and a gathering room featuring a lounge, fireplace, TV and media center with a gaming area. Outdoor amenities include a resort-style pool, grilling and fire pit areas and a landscaped courtyard with lawn games and a bocce court.
"We are pleased to expand our existing Atlanta area portfolio with this well-located community, which offers a robust amenity set and attractive unit mix,” Nick Polera, vice of acquisitions for Morgan Properties, said in the press release. “The property, to be renamed Arden at South Point, aligns with our conviction in the long-term growth and demand drivers across the greater Atlanta market.”
Morgan wasn’t the only firm to have interest in the property, according to Scott Levitt, chief acquisitions officer at ECI. “We had strong buyer interest in South Point given newer age, property quality, and location in a growing Henry County market,” he told Multifamily Dive in written comments.
Core Spaces makes Missouri acquisition
On the student front, Core Spaces announced the acquisition of The Collective at Columbia, a 318-unit, 972-bed student housing community near the University of Missouri, from Preiss and a real estate fund advised by Crow Holdings Capital on March 3, according to a press release shared with Multifamily Dive. Terms were not disclosed.
The Collective at Columbia offers a mix of two- to four-bedroom floor plans, all in cottage-style layouts. The community features a robust amenity package, including a resort-style pool, a clubhouse with a fitness center and a yoga room, a sand volleyball court and basketball court, dedicated study lounges and a private shuttle providing direct access to campus.
The acquisition is Core Spaces’ first in Columbia, Missouri — a Power 4 market, per the release.
“Mizzou’s sustained enrollment strength and upward national rankings reflect the university’s momentum, and The Collective at Columbia is well-positioned to serve students seeking a high-quality, amenity-rich living experience close to campus,” said Ari Richman, managing director of student housing acquisitions at Core Spaces.
CAPREIT secures East Coast portfolio
In a deal completed in January but announced on March 3, CAPREIT acquired three apartment communities totaling 761 homes on the East Coast, according to a press release shared with Multifamily Dive. Terms were not disclosed.
The acquisitions include the 504-unit Rochester Heights in Rochester, New York; the 159-unit Parkland Village in District Heights, Maryland; and the 98-unit Stony Brook Village in Boston.
“Each community has a distinctive character, and we look forward to instituting upgrade measures and installing our best-in-class teams at each site,” Andrew Kadish, CEO and chief investment officer for CAPREIT, said in the press release. “We believe each of these properties has the potential to excel in their respective submarkets, and we’re eager to get started.”
Late last year, Kadish told Multifamily Dive that he thought CAPREIT had a “good shot of taking a lot of stuff down” in 2026.
“We are still very, very active in the markets we are targeting — really the same areas we’ve always been over the past three decades — the mid-Atlantic, the Southeast and the northern Midwest,” Kadish said. “We’re checking out some stuff in St. Louis and Maryland now.”
Click here to sign up to receive multifamily and apartment news like this article in your inbox every weekday.
