Investing Videos

Bipartisan Housing Package Passes House Vote, Mesirow Buys Boston Community for $218M and More!

The House approved the bipartisan Housing for the 21st Century Act, a sweeping legislative package designed to increase housing supply and address the nation’s affordability crisis as it heads to the Senate. The bill includes incentives for new construction, funding for affordable units, and streamlined permitting, while industry groups praised its potential impact. At the same time, the multifamily market saw several high‑profile transactions: Mesirow Capital bought the 355‑unit luxury 2020 community in East Cambridge for $218 million, marking a profitable exit for PGIM Real Estate; Beayshore Properties lined up roughly $95 million of senior and mezzanine debt to acquire the 730‑unit Woodlands of Crest Hill in Illinois; Seattle’s Housing Authority of King County paid $77.5 million for the 240‑unit Allegro Lynwood project; and Bushberg secured a $78 million loan to purchase 100 William Street in Manhattan and fund a mixed‑use conversion. The segment highlighted the industry’s optimism, noting that “policy wins and major acquisitions led multifamily headlines last week,” and underscored the strategic use of financing to unlock value in both affordable and luxury segments. If the legislation clears the Senate, developers could tap new federal incentives, accelerating construction and potentially easing price pressures, while the recent deals illustrate investors’ confidence in leveraging financing to expand portfolios across diverse markets.