The 10-year Treasury continues rising, but some apartment deals are still making it to the finish line … for now.

Last week, one of the country's most active buyers, American Landmark, announced a new deal. So did affordable housing stalwart Jonathan Rose Cos. And Matt Ferrari’s PXV Multifamily made its second purchase, after nabbing the 216-unit Village on the Green property in Atlanta for $29.5 million in August.

While the buying environment isn’t easy, Ferrari told Multifamily Dive in August that 2026 isn’t a bad time to buy.

“There's been volatility with whether certain market rents are going up or down and volatility with interest rates,” Ferrari said. “I think that actually makes it an exciting time to be an apartment investor. You've got to pick the right markets and the right deals, and you’ve got to execute.”

Here are other apartment deals that caught our attention last week.

Weidner Apartment Homes purchases Wisconsin property

Kirkland, Washington-based Weidner Apartment Homes purchased the 228-unit Aster at Sun Prairie from Menomonee Falls, Wisconsin-based Continental Properties, according to a Sept. 30 press release.

Berkadia represented Continental in the sale of the 12-building property in Sun Prairie, Wisconsin. Built in 2018, the asset features 100% direct-access units, a clubhouse with a swimming pool and fitness center and garage parking.

Aster at Sun Prairie, near grocery stores, restaurants and major retailers, sits on the east side of the Madison metro, home to the headquarters of American Family Insurance, American Center Business Park and UW Health’s East Side Medical Campus, per the release.

“Continental Properties’ trailblazing Springs product is a perfect fit for Weidner’s well-established portfolio of premium multifamily properties in Sun Prairie and the Madison metro,” Berkadia Senior Managing Director Pete Evans said in the release. “Madison continues to generate significant attention from prominent multifamily investors throughout the country.

Haven Housing nabs Austin property

The Los Angeles-based BH Properties’ affordable and multifamily platform Haven Housing purchased The Evergrove at Crystal Village, a 346-unit, class-A, garden-style apartment community in Leander, Texas, according to an Oct. 2 press release shared with Multifamily Dive.

Completed in 2024, the Evergrove sits within the master-planned, mixed-use community Crystal Village, which offers access to retail, dining, employment centers and major transportation corridors throughout the Austin, Texas, region, per the release.

The property, which sits on 15 acres and is 92% occupied, offers one-, two- and three-bedroom apartments with private balconies or patios. Individual units include 10-foot ceilings, granite kitchen islands and high-end appliances, per the release. Property amenities include a resort-inspired swimming pool with cabanas, a 24-hour fitness center, a co-working clubhouse and resident gathering spaces.

“The community is representative of the type of Class A asset we believe can provide durable value in a high-growth market like Leander while expanding the breadth of our housing platform,” said Jim Brooks, president of BH Properties, in the release.

Jonathan Rose Cos. buys affordable property in Santa Cruz, California  

On Oct. 1, Jonathan Rose Cos. announced the purchase of La Posada Apartments, a 150-unit, mixed-income community in Santa Cruz, California, with a small elementary school, for $85 million, according to a press release shared with Multifamily Dive. The acquisition marks the New York City-based firm’s ninth acquisition for the Rose Affordable Housing Preservation Fund VI and its second buy in Santa Cruz.  

The firm purchased La Posada from the original developers who have owned and operated the asset since 1980, per the release. Jonathan Rose Cos. will extend the existing project-based Section 8 Housing Assistance Payment contract, which provides federal support for 122 of the units, for 20 years. It was slated to expire in 2028.

In addition to the school, La Posada includes a pool, community garden, library, community room with a kitchenette, fitness center and dining room. It also provides onsite meals and other resident services. 

Jonathan Rose Cos. plans to upgrade building systems and unit interiors, improve community spaces and add dedicated fitness space and energy-efficiency enhancements aimed at achieving GreenPoint Rated Existing Building 2.0 certification, per the release

America Landmark makes purchase in Dallas

On Sept. 30, American Landmark Apartments announced that it acquired the 350-unit Lakeside Villas in the Dallas submarket of Grand Prairie, Texas. It will rebrand the asset, built in 2008, as Sol Riverside, according to a press release shared with Multifamily Dive.

Sol Riverside has one- and two-bedroom units with granite-style countertops, hardwood-style floors, walk-in closets, washers and dryers and dishwashers, per the release. Its amenities include a fitness center, two swimming pools, a business center and a bark park.

The property is approximately 10 minutes from Interstate 30 and 20 minutes from Interstate 20 and Dallas/Fort Worth International Airport, per the release. The Great Southwest Industrial District, which provides access to multiple employers including Lockheed Martin and Airbus Helicopters, is about 15 minutes away.

With the purchase, American Landmark has bought its 20th property in the Dallas metro. “With a long track record in Dallas-Fort Worth, we know this market well,” Elizabeth Roy, chief investment officer at American Landmark, said in the release. “Sol Riverside is a well-built, well-located asset where targeted upgrades and our hands-on operating platform can meaningfully improve the resident experience and drive long-term value for our investors.”

PXV Multifamily acquires 196-unit Virginia Beach property

PXV Multifamily followed up its first acquisition in August with the purchase of Indigo 19, a 196-unit apartment community in Virginia Beach, Virginia, according to a Sept. 28 press release.

Indigo 19, purchased in a joint venture with funds managed by Intercontinental Real Estate Corp., was built in 2013. The four-story asset features one-, two- and three-bedroom apartment homes averaging 931 square feet, per the release. The property’s amenities include a resort-style swimming pool, a two-story clubhouse, a fitness center, a business center and landscaped courtyards.

PXV plans to update the property with a new exterior paint scheme and execute a light, cost-efficient renovation of all apartment interiors, with new cabinet fronts, lighting, plumbing fixtures and flooring as needed. It also is targeting improvements to the clubhouse, common areas, pool and courtyard areas.  

“Virginia Beach is not only Coastal Virginia’s strongest multifamily submarket but also has been one of the country's more resilient submarkets over the past several years,” said PXV Founder and Managing Partner Matt Ferrari in the release. “Demand is driven by a highly diversified and growing employment base anchored by military and defense operations, healthcare, logistics, maritime commerce, tourism and higher education.”

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