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Thursday, November 5, 2026Commercial real estate news

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RATE WATCHDaily benchmarks 10-year Treasury4.84%-6 bpAs of Nov 5 5-year Treasury4.59%-10 bpAs of Nov 5 SOFR3.92%-2 bpAs of Nov 5 Effective Fed funds3.88%UnchangedAs of Nov 5

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Multifamily refinancing / NEWS

Atlas Mesa borrowers receive $92.1 million refinancing

QuadReal provided financing for the 394-unit Mesa apartment property, with JLL representing borrowers The Dinerstein Companies and PCCP.

Maya BennettCapital MarketsNovember 10, 2026 · 2 min read

Downtown Mesa street scene with palm trees, traffic signals and buildings. — An archival view of downtown Mesa, Arizona, in 2010. The image is illustrative and does not show the multifamily community. Archival illustrative photograph; not presented as the specific property in this report. Photo: Ixnayonthetimmay / Wikimedia Commons · CC BY 3.0. Commons resize where applicable; CSS display crop.

Financing and property

The Dinerstein Companies and PCCP received $92.1 million in refinancing for Atlas Mesa, a 394-unit apartment property in Mesa, Arizona. JLL Capital Markets said Nov. 9 that it arranged the loan on the borrowers’ behalf, with QuadReal Property Group providing the financing. REBusinessOnline reported the following day that the borrowers had received the refinancing. $92.1M refinancing arranged for Arizona multifamily community; Dinerstein Cos., PCCP Receive $92.1M Refinancing for Multifamily Community in Mesa, Arizona - REBusi

The financing concerns a four-story, garden-style community at 5818 E. Baseline Road, delivered in 2025. JLL describes it as Class A. The apartments range from studios to three-bedroom units and average 991 square feet, according to the brokerage. $92.1M refinancing arranged for Arizona multifamily community; Dinerstein Cos., PCCP Receive $92.1M Refinancing for Multifamily Community in Mesa, Arizona - REBusi

Lease-up began in December 2025, less than a year before JLL’s financing announcement. JLL senior managing director Brad Miner said the property averaged 30 move-ins per month and recorded 104 in June 2026. The release did not specify the period used to calculate the monthly average or disclose an occupancy rate. $92.1M refinancing arranged for Arizona multifamily community

Miner was part of JLL’s debt advisory team representing the borrowers. Brandon Bachner led the financing from QuadReal’s Los Angeles office, according to the release. Neither JLL’s announcement nor the subsequent report specified a loan closing date, interest rate or maturity. The $92.1 million figure is the refinancing amount, not a reported sale price. $92.1M refinancing arranged for Arizona multifamily community; Dinerstein Cos., PCCP Receive $92.1M Refinancing for Multifamily Community in Mesa, Arizona - REBusi

refinancing multifamily debt