New multifamily deliveries of just 300,000 units across the United States next year? That’s what RealPage is predicting.

RealPage, a provider of AI-enabled software platforms for the real estate industry, recently released its predictions for 2026’s multifamily market.

And one of the biggest? RealPage predicts that with a growing number of U.S. markets shifting from oversupply toward more balanced supply-and-demand conditions in the second half of the year, U.S. multifamily deliveries in 2026 could fall to as few as 300,000 new units.

That’s well below the level that the Multifamily Housing Council estimates is required to satisfy the demand for new U.S. apartments through 2035.

RealPage predicts, too, that while the number of new apartment deliveries will fall next year, the demand for these units won’t. That’s largely because mortgage interest rates continue to hold above 6%, making it more affordable to rent than buy a single-family home.

This makes it unlikely that a flood of renters will enter the single-family market in 2026, RealPage said.

Lee & Associates Dallas-Fort Worth completed a lease renewal and expansion transaction for a 9,763-square-foot office space at Twelve240, 12240 Inwood Road in Dallas.

Nathan Denton of Lee & Associates Dallas-Fort Worth represented the Tenant, Wealth Partners Alliance, LLC. 

Sean Dalton of Younger Partners represented the Landlord, 12240 Inwood, LLC.

Fairstead closed the $242 million acquisition and rehabilitation of Haverstock Hills Apartments, a 700-unit affordable housing community in Houston’s East Aldine neighborhood.

Haverstock Hills will undergo sweeping renovations, including in-residence, exterior and common area upgrades, as well as enhanced amenities to modernize the property and improve operating efficiencies. Fairstead will also invest heavily in new safety and security measures across the property to improve resident wellbeing and families’ overall experience. 

The acquisition and rehabilitation of Haverstock Hills reinforces Fairstead’s commitment to creating thriving, affordable communities in high-demand markets where families feel safe, connected and supported. With this purchase, Fairstead’s Houston portfolio now includes nearly 2,000 affordable homes, while its national footprint spans more than 27,000 residences across 28 states.

Located at 5619 Aldine Bender Road, Haverstock Hills comprises 44 two-and three-story buildings spanning 22 acres. Residences include a mix of studios, one-, two- and three-bedroom units. All homes are supported by project-based Section 8 contracts and governed by Low-Income Housing Tax Credit (LIHTC) affordability restrictions. The community is 100% reserved for residents earning 60% and below the Area Median Income (AMI).

Under Fairstead’s ownership and management, Haverstock Hills will undergo a comprehensive rehabilitation that includes: 

• In-unit enhancements: New kitchens with energy-efficient stainless-steel appliances, updated countertops and cabinetry, refreshed bathrooms with upgraded fixtures and faucets, new flooring, freshly painted walls and new LED lighting. 
• Building improvements: Enhanced lighting and electrical systems, window upgrades, façade replacement and repainting and improved entrances.
• Mechanical and infrastructure upgrades: Systems improvements to boost operating efficiency and ensure long-term performance.

Additionally, residents will enjoy new amenities that include an updated community building and clubhouse, outdoor playgrounds, upgraded laundry facilities and a business center for resident services. Rainbow Housing Assistance Corporation, a nonprofit organization that provides service-enriched housing programs for residents, will oversee resident programming. Services will include K-12 after-school programming, financial literacy and health programs, career training and other recreational and social activities. 

Fairstead will also implement significant security upgrades, including increased lighting, cameras, access control and additional on-site security presence, alongside an enhanced partnership with local law enforcement to further improve safety for residents. 

The acquisition of Haverstock Hills Apartments was supported by Fairstead’s long-standing financing partner, PNC Multifamily Capital, as both the debt and equity provider, Harris County Housing Finance Corporation and Rainbow Housing Corporation, who will continue to provide on-site social services.

Eastham Capital closed the disposition of Kensington Crossings, a 254-unit apartment community, and Morgan Bay, a 268-unit apartment community, both in Houston, Texas.

Kensington Crossings was acquired in 2018 and Morgan Bay in 2019, for the portfolio of Eastham Capital Fund V, LP, as a joint venture between Mosaic Residential and Eastham Capital. The sale prices were not disclosed.

Kensington Crossing Apartments includes a mix of one-, two-, and three-bedroom units ranging from 759 to 1317 square feet.  Morgan Bay Apartments includes a mix of one and two-bedroom units ranging from 561 to 1042 square feet.

The team implemented a comprehensive repositioning strategy that significantly enhanced the asset’s profitability.  At the time of disposition, Kensington Crossing was approximately 96.5% occupied, with in-place rents having increased from $1,000 at the time of acquisition to $1,344.   Morgan Bay was approximately 94.8% occupied, with in-place rents having increased from $632 at the time of acquisition to $922.

 JT Magen completed new office space for BRR Architecture at 3218 Manor Road in Austin, Texas.

JT Magen served as construction manager for the 4,117-square-foot buildout, overseeing all aspects from budgeting and scheduling, procurement of materials, managing subcontractors and conducting the final handover. JT Magen collaborated with the rest of the project team –  architect / interior designer BRR Architecture and MEP engineer Salas O’Brien – to deliver a functional, collaborative space that met BRR Architecture’s needs.

BRR Architecture is a national architectural design firm with more than 60 years of experience designing spaces that elevate the everyday experience. The company collaborates with clients across multiple sectors, including retail, hospitality, industrial, mixed-use, multifamily, and office environments. BRR opened their Austin office in 2016. After almost a decade, the firm was ready to expand into a larger space to accommodate its growing team.

The open plan office space spans one floor of the building and features a mix of workstations and private offices, a flex room, a plot room for large-scale drawings, meeting and conference rooms, and a breakroom. A custom hand-painted mural that blends community and office culture and a full kitchen breakroom make the space inviting and unique.