$96.8 Million Secured for New Multifamily Development in Portsmouth, New Hampshire

November 4, 2025 - 05:36

In a significant move for the real estate market, $96.8 million in financing has been secured for a new 360-unit Class A multifamily development in Portsmouth, New Hampshire. This project, a collaboration between Eastern Real Estate and The Kane Company, aims to address the growing demand for high-quality rental housing in the region.

The financing, facilitated by JLL Capital Markets, will enable the construction of modern living spaces designed to cater to a diverse demographic, including young professionals and families. The development is strategically located to provide residents with easy access to local amenities, transportation, and recreational areas, enhancing the overall appeal of the community.

As urban areas continue to evolve, the need for well-planned multifamily housing becomes increasingly critical. This investment not only reflects confidence in the Portsmouth market but also highlights the ongoing trend of multifamily developments as a viable solution to housing shortages in desirable locations. The project is expected to contribute significantly to the local economy upon completion.